The Happy Valley/Clackamas real estate market finished September with 71 closed sales, which is down from the 83 closed sales recorded during the prior months of July and August. Of the 71 closed sales in September, 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 as well. There were 25 closed sales of homes valued over $500K during September and a total of 90 sales over the three month period of July – September.
The inventory level is lowest in the up to $250K price bracket at 1.2 months and overall it is at 2.8 months worth across all price brackets based solely on the September closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture decreases slightly to 2.5 months worth across all price brackets.
The average sold price in September was $489K which is a decrease of $8K from the prior month of August. The median sold price was $450K in September, down $15K from the month prior. The average price of the active listings was $645K while the median price was $580K as of today.