Happy Valley Real Estate Round-Up

Posted on 05/26/09 1:33 PM

Happy Valley Homes, ORAs mentioned in the most recent Desperate Sellers Database update, it’s not all doom and gloom in Happy Valley. Several indicators have been positive over the last couple of months.

Median Prices Are Down, Sales Are Up From A Year Ago

Whereas the number of closed sales is down year-over-year for most sub-markets, Happy Valley has closed more deals in in the last three months than during the same period a year ago.  Approximately 80 homes sold in Happy Valley between March and May ‘09, up from 63 a year ago. Median prices are down 15% from this time last year, now roughly at 360k, with about a dozen homes selling in the +500k range. More than 3/4 of all homes that sold were vacant, often selling at a greater discount than the area average of a mere 4% over asking price.

Sales Pick-Up At D.R. Horton’s Sunnyside Highlands Sunnyside Highlands, Happy Valley, OR

Sales have been picking up at Happy Valley’s Sunnyside Highlands. Roughly a dozen homes sold here over the last three months – more than any other Happy Valley subdivision.

Here are the # of sales by subdivision over the last three months:

  • Sunnyside Highlands: 10
  • Sunrise Heights: 9
  • Burgundy Rose: 6
  • Jackson Hills: 5
  • Hillside Park 3

Fastest Selling Homes in Happy Valley

Here’s a look at some of the fastest movers over the last three months:

  1. 16397 SE Pyrite ST sold in 22 days. Listed at 234k, SOLD for 218k
  2. 11203 SE PHEASANT RIDGE DR sold in 23 days. Listed at 479k, SOLD for 440k
  3. 12498 SE BARI AVE sold in 41 days. Listed at 649k, SOLD for 619k
  4. 14806 SE FRYE ST sold in 48 days. Listed at 436k, SOLD for 403k
  5. 12828 SE REGENCY VIEW ST sold in 51 days. Listed at 236k, SOLD for 225k