The Happy Valley/Clackamas real estate market finished April with 61 closed sales, which is up from the 58 & 50 closed sales recorded during the prior months of March and February respectively. Of the 61 closed sales in April, 9 were distressed properties (foreclosures/short sales) representing 15% of the closed sales for the month. As of the end of April, distressed properties accounted for 21% of the active listing inventory. There were 5 closed sales of homes valued over $500K during April and a total of 14 sales over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at 1.7 months and overall it is at 3.6 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 3.9 months worth across all price brackets.
The average sold price in April was $323K which is down $31K from the prior month of March. The median sold price was $306K in April, down $50K from the month prior. The average price of the active listings was $422K as of the end of April while the median price for the active listings was $375K during the same period.