Canby Oregon Real Estate Market Update-March 2011
The real estate market in Canby Oregon finished January with 9 closed sales which is down from the 17 closed sales recorded during last December and 15 in November. Of the 9 closed sales in January, 3 were distressed properties (foreclosures/short sales) representing 33% of the closed sales for the month. There has been no closed sales of homes valued over $500K during the three month period of November – January.
The inventory level is lowest in the up to $250K price bracket at 14.0 months and overall it is at 14.8 months worth across all price brackets based solely on the below average January closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture improves to 9.7 months worth across all price brackets.
The average sold price in January was $246K which is an increase of $51K, compared to $195K in December. Similarly, the median sold price was $225K in January, up $26K from the prior month. The average price of the active listings ($276K) decreased $15K from the last reading in January while the median price for the active listings ($250K) remained unchanged from the prior period.
