The Happy Valley/Clackamas real estate market finished January with 54 closed sales, which is down from the 65 & 72 closed sales recorded during the prior months of November and December respectively. Of the 54 closed sales in January, 4 were distressed properties (foreclosures/short sales) representing 7% of the closed sales for the month. As of the end of January, distressed properties accounted for 9% of the active listing inventory. There were 12 closed sales of homes valued over $500K during January and a total of 53 sales over the three month period of November – January.
The inventory level is lowest in the up to $250K price bracket at only 0.7 months and overall it is at 2.5 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 declines slightly to 2.1 months worth across all price brackets.
The average sold price in January was $429K which is a decrease of $3K from the prior month of December. The median sold price was $387K in January, down $17K from the month prior. The average price of the active listings was $603K as of the end of January while the median price for the active listings was $561K during the same period.
New real estate listings in Happy Valley (last 3 days):