Orenco is changing forever as we speak. The values here have risen so fast that many have decided to take advantage of that and sell while at the same time the make up of our communities changes. We are happy for the increased values and equities but that only helps when our neighbors sell. With increases in the 10-20% range annually the home prices have come to a point that few locals seem to stay after selling- they are quickly becoming replaced with inbound folks from all over the globe. We welcome them all but have to wonder if the fabric of the region is not unraveling quote a bit.
So how high have home prices risen in Orenco, Oregon and the surrounding Hillsboro Real Estate Markets? Consider the map below of the Hot Zones-
The blue areas are all 10-15% annual. That is consistent with what we are seeing. The attached report indicates that the Average home price is up 16.1% year over year. If you had bought a home for $300K in January it would be worth $350,000 now and you would have made a nice tidy sum on your investment.
GRAB THE ENTIRE Orenco, Oregon and Hillsboro, Oregon 97124 Real Estate Report Right Here-
A recent drive through Old Orenco shows new homes going in and some stout recent sales- showing the little Town could soon break $600,000 or more in values. Things are heating up and based on the information we are getting at our Orenco Windermere Real Estate Office they are going to go higher- potentially much higher. This is going to be tough on property taxes- but the value and equity is going to be a major windfall for all with Real estate!
We are experts in the Real Estate Business. 50 years of living here and working here have earned us that designation. We sell Orenco and Hillsboro like no one else.