The Canby real estate market finished January with 24 closed sales which is down from the 34 & 27 closed sales recorded during the prior months of November and December respectively. Of the 24 closed sales in January, 1 was a distressed property (foreclosures/short sales) representing 4% of the closed sales for the month. As of the end of January, distressed properties accounted for 6% of the active listing inventory. There were 2 closed sales of homes valued over $500K during January and 9 closed sales in the three month period of November – January.
The inventory level is lowest in the $251-500K price bracket at 0.8 months and overall it is at 1.4 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 1.2 months worth across all price brackets.
The average sold price in January was $376K which is an increase of $8K, compared to $368K in December. Meanwhile, the median sold price was $339K in January, down $8K from the prior month. The average price of the active listings was $489K as of the end of January while the median price for the active listings was $463K during the same period.
New real estate listings in Canby (last 3 days):