The Beaverton real estate market finished June with 245 closed sales, which is up from the 203 & 181 closed sales recorded during the prior months of May and April respectively. Of the 245 closed sales in June, 94 were distressed properties (foreclosures/short sales) representing 38% of the closed sales for the month. As of the end of June, distressed properties accounted for 44% of the active listing inventory. There were 4 closed sales of homes valued at $500K or more during June and a total of only 12 over the three month period of April – June.
The inventory level is lowest in the up to $250K price bracket at 2.3 months and overall it is at 2.6 months worth across all price brackets based solely on the June closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 3.1 months worth across all price brackets.
The average sold price in June was $220K which is a decrease of $7K, compared to $227K in May. The median sold price in June increased to $216K, up from $205K during the prior month. The average price of the active listings was $251K as of the end of June while the median price for the active listings was $225K during the same period.
New real estate listings in Beaverton (last 7 days):