The Happy Valley/Clackamas real estate market finished June with 63 closed sales, which is between the 81 & 61 closed sales recorded during the prior months of May and April respectively. Of the 63 closed sales in June, 9 were distressed properties (foreclosures/short sales) representing 14% of the closed sales for the month. As of the end of June, distressed properties accounted for 17% of the active listing inventory. There were 4 closed sales of homes valued over $500K during June and a total of 14 sales over the three month period of April – June.
The inventory level is lowest in the up to $250K price bracket at 1.9 months and overall it is at 4.0 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 decreases to 3.6 months worth across all price brackets.
The average sold price in June was $342K which is down $7K from the prior month of May. The median sold price was $326K in June, down $24K from the month prior. The average price of the active listings was $447K as of the end of June while the median price for the active listings was $401K during the same period.