The Wilsonville real estate market finished January with 25 closed sales, which is down from the 29 & 43 closed sales recorded during the prior months of November and December respectively. Of the 25 closed sales in January, 3 were distressed properties (foreclosures/short sales) representing 12% of the closed sales for the month. As of the end of January, distressed properties accounted for 6% of the active listing inventory. There were 3 closed sales of homes valued over $500K during January and a total of 10 over the three month period of November – January.
The inventory level is lowest in the up to $250K price bracket at 1.4 months and overall it is at 3.4 months worth across all price brackets based solely on the January closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases slightly to 2.6 months worth across all price brackets.
The average sold price in January was $433K which is an increase of $67K, compared to $366K in January. The median sold price in January increased to $367K, up $32K from the month prior. The average price of the active listings was $618K as of the end of January while the median price for the active listings was $412K during the same period.