The Happy Valley/Clackamas real estate market finished June with 106 closed sales, which is up from the 66 & 79 closed sales recorded during the prior months of April and May respectively. Of the 106 closed sales in June, 2 were distressed properties (foreclosures/short sales) representing 2% of the closed sales for the month. As of today, distressed properties accounted for 1% of the active listing inventory. There were 41 closed sales of homes valued over $500K during June and a total of 93 sales over the three month period of April – June.
The inventory level is lowest in the $251-500K price bracket at only 0.9 months and overall it is at 1.8 months worth across all price brackets based solely on the June closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 2.3 months worth across all price brackets.
The average sold price in June was $513K which is an increase of $28K from the prior month of May. The median sold price was $463K in June, down $2K from the month prior. The average price of the active listings was $653K while the median price was $594K as of today.