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November 24, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Hillsboro, Oregon

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

Updated November 6, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 1



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Falling

Rising

Hillsboro has 880 properties today for sale. 142 Sold this last month and the average property for sale is $232,800.The averge days on the market is 115 to find a buyer. Prices have adjusted about -13.2% in the last 12 months.

ZIP Code: 97124

Location Characteristics: Hillsboro is the government seat of Washington County and a thriving center of agriculture and high-technology industry. Because of its recent growth, Hillsboro offers exceptional opportunities of employment and education. Yet Hillsboro has retained its small-town charm and tradition--qualities held precious by new and longtime residents, alike. Hillsboro has the distinct advantage of being geographically close to what is beautiful about Oregon. It is within 30 minutes by car of Portland, 60 minutes to the Oregon Coast and a short drive to golf courses, wineries, rural hiking and boating, fishing, hunting and sight-seeing. It is home to many high tech companies and is often referred to as the "Silicone Forest".
Incorporated in 1876, Hillsboro has grown from a small farming community and government center into a modern city of over 80,000 residents. It is the largest city in fast-growing Washington County.
Originally called East Tualatin Plains, Hillsboro was named for David Hill, one of the adventurers who traveled the Oregon Trail by wagon train to find a new life in the Oregon Territory. Hill attended the famous Champoeg Meeting of 1843, which led to Oregon becoming part of the United States.
By 1850 there was a post office at Columbia, the name chosen by Hill on his donation land claim. This county seat in the early 1850s took the name Hillsborough when Hill donated a portion of his land claim for the courthouse. The name gradually was shortened to Hillsboro. Hillsboro was a market town for the farming community of the Tualatin Valley.
During World War II, Hillsboro was the residence of many new Oregonians who had come north to work in the shipyards of Portland. Hillsboro became a bedroom community. After the war, city fathers began luring businesses to Hillsboro to create a new economic base. Business leaders formed an industrial development corporation, and the city annexed land to the north and east and laid out industrial areas. By the 1970s, the Hillsboro area had won Intel's first plant site outside California and spinoff companies from Tektronix. In the 1980s came Japanese-owned manufacturing companies. They were followed by suppliers and customers of Intel and other manufacturers, software companies, communication device manufacturers, Internet providers and branch sales and corporate offices.



For More Information:

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

Navigate: Top > Oregon > Hillsboro

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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