The Wilsonville real estate market finished February with 21 closed sales, which is down from the 44 & 25 closed sales recorded during the prior months of December and January respectively. Of the 21 closed sales in February, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of the end of February, distressed properties accounted for 6% of the active listing inventory. There was 1 closed sale of homes valued over $500K during February and a total of 8 over the three month period of December – February.
The inventory level is lowest in the up to $250K price bracket at 2.0 months and overall it is at 4.6 months worth across all price brackets based solely on the February closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases to 3.2 months worth across all price brackets.
The average sold price in February was $317K which is a decrease of $116K, compared to $433K in January. The median sold price in February decreased to $325K, down $42K from the month prior. The average price of the active listings was $544K as of the end of February while the median price for the active listings was $391K during the same period.