With the Portland Metro constantly growing in population, we have found ourselves with less housing inventory and higher rental prices. There are lots of individuals who have owned their homes for 7+ years and have a good chunk of equity, but quite a bit of those same individuals are fearful to sell their homes due to the current home prices as well as interest rates being higher than what they originally purchased. Both very valid concerns!
This lack of housing inventory and influx of new residents has created the need for more homes, wider freeways, and more neighborhoods to live in. Being that a lot of sellers aren’t exactly jumping to list their homes (even with a good amount of equity built up), we have seen lots of new construction homes as well as brand new neighborhoods and communities being built! I wanted to give you a little glimpse of what is out there, possibly near where you currently live or wish to live!
ARBOR VILLAGE, BANKS OREGON
If you’re looking for a country feeling but close enough to drive into a big city, Banks Oregon just might be a good option! The newest development within the city built in the later 1990’s is expanding! Arbor Village will have new homes starting at 1876 SQFT going all the way up to 2306 SQFT. Within Arbor Village is a 5 acre park with a play structure and Gazebo. If you are looking to move somewhere that you can be outside and active, the Banks Vernonia Trail is the perfect place to take a long bike ride, or go for a run. This small town has a few options for food and shopping, along with an elementary, middle and high school all within walking distance from Arbor Village. If you need anything more you are close distances to both Forest Grove and Hillsboro! Small town feel, and a great spot for commuters as well as those looking to be long time members of the community.
SOUTH HILLSBORO, HILLSBORO OREGON
Did anyone hear about or visit the 2018 NW Natural Street of Dreams in Hillsboro? This NEW and HUGE development isn’t just new housing, it’s a whole new community! There are three districts within South Hillsboro- Reed’s Crossing (which is the first neighborhood being built), Rosedale Parks, and Butternut Creek. There will be a variety of housing types within the 3 districts that will offer a mix to suit every household size: single-family homes, townhouses, apartments, and condos. Different architectural styles, plus amenities and conveniences like main-level master bedrooms will provide a variety of choices and all will be walking distance of schools, parks, trails, shopping, and more. There will be 286 acres of parks as well as open spaces, and every resident will live 1/4 mile from a park, trail, or rec facility. Within this new community they will be adding 3 new schools! 2 elementary schools and 1 middle school along side of the already existing Rosedale Elementary School. Reed’s Crossing will feature a main street lined with shops, public spaces, and a variety of housing options. South of Butternut Creek, a village center will offer options for dining, shopping, and community gathering. If this concerns you due to a rise in traffic, don’t fret! A 15 mile network of bike and walking trails will connect South Hillsboro to its surrounding areas, and a $450 million investment to infrastructure improvements which will accommodate new commuters!
IRON RIDGE HEIGHTS, PORTLAND OREGON
Iron Ridge Heights is an executive community at just 15 minutes from downtown Portland. This beautiful community has a diverse and high-end collection of single-family homes. Within Iron Ridge Heights, there are 7 floorplans available ranging from 3-5 bedrooms with 2,448 to 3,375 SQFT that boasts open-concept layouts. All homes are included with a high level of standard features at no additional cost, including home automation products and technology, stainless steel appliances, quartz kitchen countertops, high-quality cabinetry and so much more. Prices start at $689,900 ranging up to the mid $800,000’s!
HOMESTEAD AT BROOKSIDE, GRESHAM OREGON
Homestead at Brookside is located in Gresham Oregon on SW Mawcrest Ave right off of Butler Rd. There are nearby parks and trails that make it easy to get outside and enjoy the beautiful natural surroundings this community has to offer! Butler Creek Park is less than 3 miles away and features open space and sports courts. Springwater Corridor Trail is close as well, which is a great place place to take a long hike or go for a morning run, and Powell Butte Nature Park has hundreds of acres of meadowland and forestry to enjoy. With 7 floorplans available the houses range from 3-5 bedrooms anywhere from 1946 SQFT to 3180 SQFT with prices starting at $437,900, making it a great place for commuters and for home-buyers to put down roots.
These are just a few new and upcoming communities that were worth mentioning around the Portland Metropolitan, some larger than others but all bringing in more housing to prospective buyers! Whether new construction is what you’re looking for or a fixer upper, I have all the resources available to assist you. Contact me today and let’s get started on finding your next home!