The Wilsonville real estate market finished August with 58 closed sales, which is between the 98 & 40 closed sales recorded during the prior months of June and July respectively. Of the 58 closed sales in August, 1 was a distressed property (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 12 closed sales of homes valued over $500K during August and a total of 49 over the three month period of June – August.
The inventory level is lowest in the up to $250K price bracket at 0.5 months and overall it is at 1.4 months worth across all price brackets based solely on the August closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases slightly to 1.3 months worth across all price brackets.
The average sold price in August was $427K which is a decrease of $67K, compared to $494K in July. The median sold price in August decreased to $400K, down $28K from the month prior. The average price of the active listings was $584K while the median price was $460K as of today.