The Happy Valley/Clackamas real estate market finished April with 67 closed sales, which is between the 50 & 82 closed sales recorded during the prior months of February and March respectively. Of the 67 closed sales in April, only 3 were distressed properties (foreclosures/short sales) representing just 5% of the closed sales for the month. As of the end of April, distressed properties accounted for 11% of the active listing inventory. There were 7 closed sales of homes valued over $500K during April and a total of 25 sales over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at only 1.2 months and overall it is at 3.1 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 remains at 3.1 months worth across all price brackets.
The average sold price in April was $356K which is a decrease of $56K from the prior month of March. The median sold price was $335K in April, down $38K from the month prior. The average price of the active listings was $497K as of the end of April while the median price for the active listings was $455K during the same period.