The Wilsonville real estate market finished March with 40 closed sales, which is up from the 25 & 21 closed sales recorded during the prior months of January and February respectively. Of the 40 closed sales in March, 3 were distressed properties (foreclosures/short sales) representing 8% of the closed sales for the month. As of the end of March, distressed properties accounted for 9% of the active listing inventory. There were 5 closed sale of homes valued over $500K during March and a total of 9 over the three month period of January – March.
The inventory level is lowest in the up to $250K price bracket at 1.1 months and overall it is at 2.0 months worth across all price brackets based solely on the March closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 2.8 months worth across all price brackets.
The average sold price in March was $353K which is an increase of $36K, compared to $317K in February. The median sold price in March increased to $339K, up $14K from the month prior. The average price of the active listings was $536K as of the end of March while the median price for the active listings was $407K during the same period.