The Happy Valley/Clackamas real estate market finished August with 85 closed sales, which is up slightly from the 81 & 83 closed sales recorded during the prior months of June and July respectively. Of the 85 closed sales in August, 1 was a distressed property (foreclosures/short sales) representing 1% of the closed sales for the month. As of today, distressed properties accounted for 3% of the active listing inventory as well. There were 36 closed sales of homes valued over $500K during August and a total of 102 sales over the three month period of June – August.

The inventory level is lowest in the up to $250K price bracket at 0.7 months and overall it is at 2.7 months worth across all price brackets based solely on the August Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 2.8 months worth across all price brackets.

The average sold price in August was $523K which is an increase of $43K from the prior month of July. The median sold price was $480K in August, up $23K from the month prior. The average price of the active listings was $627K while the median price was $585K as of today.

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