The Wilsonville real estate market finished July with 26 closed sales, which is down from the 36 & 40 closed sales recorded during the prior months of June and May respectively. Of the 26 closed sales in July, 4 were distressed properties (foreclosures/short sales) representing 15% of the closed sales for the month. As of the end of July, distressed properties accounted for 19% of the active listing inventory. There were no closed sales of homes valued over $500K during July and a total of only 2 over the three month period of May – July.
The inventory level is lowest in the $251-500K price bracket at 4.0 months and overall it is at 5.2 months worth across all price brackets based solely on the July closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases to 4.0 months worth across all price brackets.
The average sold price in July was $302K which is a decrease of $8K, compared to $310K in June. The median sold price in July increased to $307K, up $13K from $294K in June. The average price of the active listings was $444K as of the end of July while the median price for the active listings was $339K during the same period.