Happy Valley Real Estate Market Update-January 2011
The real estate market in Happy Valley saw an increase in closed sales (36) during December vs 28 sales in November. There were 8 closed sales of homes valued $500K or more over the period of October – December. The inventory level remains high in all price brackets with the lowest in the under $250K bracket at 8.4 months and is at 10.6 months worth across all price ranges.
Average and median sold prices experienced a dramatic decrease in December compared to the prior three months. The average price of the active listings is significantly higher ($363K) than the sold prices because of a couple really high priced listings that are currently on the market which skews the average upward. The median price of the active listings ($320K) is on par with the median sold prices over the September – November time period.
