Hillsboro Median Home Prices Climb 25% In 5 Months: In the worst housing shortage of all time the home prices in Hillsboro, Oregon have now hit an all-time high for Median Price. There is no way that the locals can continue to sustain this and when we say it is getting crazy we mean it! From January to May 1st, 2017 the market statistics as reported by the RMLS are showing us that average prices for the Median Home in Hillsboro, Oregon have risen from $450,000 in late 2016 to a whopping $550,000 as of May 1, 2017.
This rate means annual appreciation of 100%? While that won’t happen it does speak volumes about the very poor policies we have in place for housing. Things are so bad that some of our clients are renting bedrooms near Intel for as much as $850.00 per month per Bedroom. Aside from all the rent control talk that we see on the news the big story is that all the new homes being added to the Inventory appear to be high-end apartments and houses. Land and building permits are so high now that it appears a complete Citywide gentrification is in full effect.
Property taxes on a $550,000 dollar home are approaching $850 a month. Where is this headed? How will it end? And can anyone show us any policies that have made things better? It sure does not seem like it.
Do we as agents like this? No- it is great for our clients and friends who are selling but as fast as we get them record prices we have to say goodbye. Most of them are off to places they can afford. Maybe this is all part of the way things are- a constant change with the new replacing the old. We believe things must change and while we do not have all the answers we do know there are some good ones out there!
If you are a potential seller prices have now crested and all time high. With that in mind if a Move Up or Move Down or a Move On is in your plans we are ready to assist. Our Commission rates and service can not be beaten and our 5 Star Ratings are proof we are getting it done.
If you are a buyer we must tell you time is running out- we know it is not easy and that bidding up a home is not fun but the time to strike is now. We have a few openings for buyers who are ready!
Call Dir or Kirra for a private call or meet up. We are helping so many of our Hillsboro friends and neighbors and are determined to continue on that quest! One number reaches either of us at 503-610-9280.