The Wilsonville real estate market finished October with 58 closed sales, which is between the 71 & 43 closed sales recorded during the prior months of August and September respectively. Of the 58 closed sales in October, 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 16 closed sales of homes valued over $500K during October and a total of 39 over the three month period of August – October.
The inventory level is lowest in the up to $250K price bracket at 0.5 months and overall it is at 1.3 months worth across all price brackets based solely on the October closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 1.4 months worth across all price brackets.
The average sold price in October was $535K which is an increase of $53K, compared to $482K in September. The median sold price in October remained at $420K, the same as the month prior. The average price of the active listings was $540K while the median price was $455K as of today.