The Canby real estate market finished September with 27 closed sales which down slightly from the 29 closed sales recorded during the prior months of July and August respectively. Of the 27 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. There were 5 closed sales of homes valued over $500K during September and 14 closed sales in the three month period of July – September.
The inventory level is lowest in the up to $250K price bracket at 1.0 months and overall it is at 1.5 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 1.4 months worth across all price brackets.
The average sold price in September was $424K which is an increase of $6K, compared to $418K in August. Meanwhile, the median sold price was $400K in September, up $15K from the prior month. The average price of the active listings was $560K while the median price was $489K as of today.