The Wilsonville real estate market finished January with 17 closed sales, which is down sharply from the 32 & 62 closed sales recorded during the prior months of November and December respectively. Of the 17 closed sales in January, 3 were distressed properties (foreclosures/short sales) representing 18% of the closed sales for the month. As of the end of January, distressed properties accounted for 5% of the active listing inventory. There were 3 closed sales of homes valued over $500K during January and a total of 15 over the three month period of November – January.
The inventory level is lowest in the up to $250K price bracket at 2.0 months and overall it is at 3.8 months worth across all price brackets based solely on the January Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture decreases to 1.8 months worth across all price brackets.
The average sold price in January was $444K which is an increase of $58K, compared to $386K in December. The median sold price in January increased to $405K, up $22K from the month prior. The average price of the active listings was $595K as of the end of January while the median price for the active listings was $481K during the same period.
New real estate listings in Wilsonville (last 7 days):