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November 29, 2009

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Beaverton, Oregon

Reported by Linda Quinn, Principal Broker, GRI, ABR, CRS, SRES

Updated November 6, 2009.

Current Market Rating: 2




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2
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5
Buyer's

Seller's

Current Price Trend: 1



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5
Falling

Rising

This month's pending sales are 239. With 1007 active listings 23% are selling. Pricing and staging are key.
The average price of a Beaverton/Aloha home is $228,100. Down from $246,200 last month. Days on market before a buyer shows up is 110. Currently there
is over 1100 foreclosures in Beaverton/Aloha

ZIP Codes: 97005, 97006, 97007

Location Characteristics: In the spring of 1847, the first land claim (comprising 640 acres of beaverdam) located in what is now Beaverton was taken up by Lawrence Hall. He and his brother built a grist mill near present-day Walker Road. Their mill along with others that were soon built in the area was instrumental in supporting Oregon's early agriculture communities.
The other important industry in early Oregon was logging and wood products. Thomas Hicklin Denney and his wife Berrilla came to Oregon in 1849 and quickly established the first sawmill in what is now the Beaverton area.
As more people came into the area, it became increasingly important to provide a system of roads to transport agricultural and wood products to Portland for shipment. In 1850 the territorial government created the Portland-Tualatin Valley Plank Road Company to build plank roads from Portland to Hillsboro along Canyon Road. The road was completed as far as Beaverton by 1860 despite various financial setbacks.
Spurred on by a railroad into town built in 1868, the small farming community west of Portland began to grow. By 1893 the City of Beaverton was formally incorporated with a population of 400.
Rose Merlo lived with her family until 1920 when she married a young Italian man who worked for her father, Louie Biggi. When her father retired, the Biggi's bought 14 acres to farm near what is now Cedar Hills Blvd. Seven years later Louie died, leaving Rose to raise and support three children-and 14 acres full of vegetables. Three acres were the winter crop: horseradish. Rose had a friend who made a little grinding machine, and she ground the root grown on her farm in Beaverton. She traveled to Portland, Hillsboro and around Beaverton with her basket of ground horseradish. It began to catch on. A savvy businesswoman, Rose saved her profits little by little and began to buy the land surrounding their existing acreage. Rose eventually built a larger home and building which housed the Beaverton Horseradish Factory. The demand for Rose's product continues today, with her children and grandchildren running the company. Beaverton Foods products are shipped all over the world, from the same location on Cedar Hills Blvd. in Beaverton.
Currently there are 86,000 residents who enjoy a Summer Farmer's Market and many city parks.



For More Information:

View Market Conditions of other areas served by Linda Quinn, Principal Broker

Navigate: Top > Oregon > Beaverton

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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