The Canby real estate market finished September with 31 closed sales which is up from the 30 & 23 closed sales recorded during the prior months of July and August respectively. Of the 31 closed sales in September, 1 was a distressed property (foreclosures/short sales) representing just 3% of the closed sales for the month. As of the end of September, distressed properties accounted for 5% of the active listing inventory. There was 1 closed sale of homes valued over $500K during September and just 3 closed sales in the three month period of July – September.
The inventory level is lowest in the up to $250K price bracket at 0.8 months and overall it is at 1.9 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 increases slightly to 2.1 months worth across all price brackets.
The average sold price in September was $361K which is an increase of $27K, compared to $334K in August. Meanwhile, the median sold price was $375K in September, up $42K from the prior month. The average price of the active listings was $487K as of the end of September while the median price for the active listings was $448K during the same period.
New real estate listings in Canby (last 3 days):