The Happy Valley/Clackamas real estate market finished November with 80 closed sales, which is up from the 68 & 79 closed sales recorded during the prior months of October and September respectively. Of the 80 closed sales in November, only 4 were distressed properties (foreclosures/short sales) representing just 5% of the closed sales for the month. As of the end of November, distressed properties accounted for 16% of the active listing inventory. There were 6 closed sales of homes valued over $500K during November and a total of 18 sales over the three month period of September – November.
The inventory level is lowest in the up to $250K price bracket at 1.9 months and overall it is at 3.0 months worth across all price brackets based solely on the November closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 3.2 months worth across all price brackets.
The average sold price in November was $342K which is up $7K from the prior month of October. The median sold price was $335K in November, up $9K from the month prior. The average price of the active listings was $431K as of the end of November while the median price for the active listings was $382K during the same period.