The Canby real estate market finished August with 29 closed sales which is on par with the 29 closed sales recorded during the prior months of June and July respectively. Of the 29 closed sales in August, 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 6 closed sales of homes valued over $500K during August and 13 closed sales in the three month period of June – August.
The inventory level is lowest in the up to $250K price bracket at 1.0 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 remains steady at 1.4 months worth across all price brackets.
The average sold price in August was $418K which is an increase of $33K, compared to $385K in July. Meanwhile, the median sold price was $385K in August, down $5K from the prior month. The average price of the active listings was $554K while the median price was $500K as of today.