Home Prices Double

Vintage Real Estate Ads
                                                               

Have you ever thought how much money you would have made if only you'd bought into a particular neighborhood when it was first built?

Homes appreciate on average at 4% per year in the Portland area, some years are more, some years are less.  At that rate, it would take 18 years for a home to double in value.  Imagine if you bought a home and when you went to sell it, it was worth double what you bought it for!  That's what I call a sound investment.

In Hillsboro there is a fantastic neighborhood called Orenco Station.  It's won all sorts of awards for well thought out planning and there are schools who bring field trips of architecture students through to learn from it.  Great neighborhood, high demand, now everyone wants to live there.  What if you had bought a home in Orenco when it was new?

The "MaCarthur Park" style of home in Orenco originally sold for $186,900 new in 1999.  Now, this same style of home is listed for $379,999.  That's an appreciation of 6.5% a year if it appreciated at the same rate over the last 16 years.

Want to check it out yourself?  Visit RMLS and search the ML #15445746. 

Real Estate is a fantastic investment and you can be a part of it!  Give me a call at 503-819-3835 and let's get you started.