The Wilsonville real estate market finished July with 38 closed sales, which is down from the 53 & 97 closed sales recorded during the prior months of May and June respectively. Of the 38 closed sales in July, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 10 closed sales of homes valued over $500K during July and a total of 45 over the three month period of May – July.
The inventory level is lowest in the up to $250K price bracket at 2.0 months and overall it is at 2.5 months worth across all price brackets based solely on the July closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases to 1.5 months worth across all price brackets.
The average sold price in July was $491K which is an increase of $56K, compared to $435K in June. The median sold price in July increased to $420K, up $20K from the month prior. The average price of the active listings was $623K while the median price was $479K as of today.