The Wilsonville real estate market finished April with 51 closed sales, which is up from the 21 & 42 closed sales recorded during the prior months of February and March respectively. Of the 51 closed sales in April, only 1 was a distressed property (foreclosures/short sales) representing just 2% of the closed sales for the month. As of the end of April, distressed properties accounted for 6% of the active listing inventory. There were 9 closed sale of homes valued over $500K during April and a total of 15 over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at 1.1 months and overall it is at 1.6 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 2.2 months worth across all price brackets.
The average sold price in April was $402K which is an increase of $54K, compared to $348K in March. The median sold price in April increased to $378K, up $55K from the month prior. The average price of the active listings was $588K as of the end of April while the median price for the active listings was $414K during the same period.