Market Forecast: Happy Valley, OR

Let us take a peek at the current outlook of the Happy Valley real estate market and the location that surrounds it. Happy Valley is a beautifully charming city located in the Portland Metropolitan Area. With its gorgeous scenery, exciting opportunities and amenities, this city has plenty of reasons to boast.  It’s in close proximity to the central city, Portland, a happy and quickly growing environment. Portland is considered, and was named, one of the greenest cities. Mirroring some of these habits, Happy Valley continues these environmental and family friend trends.  The greatest things about Happy Valley can be found in the people, the community, and the gorgeous scenery that surrounds it.

Did I forget to mention the schools?

The North Clackamas School District is the primary education source in Happy Valley.  They residents attend one of numerous elementary schools, middle school and the primary  high school, Clackamas High School. Located nearby is a Private, Catholic High School – LaSalle – as well. Happy Valley offers incredible educational institutions and opportunities. Additionally, it is located in close proximity to an abundance of higher education: Portland State University, Portland Community College, and Clackamas Community College.

Market Overview of Happy Valley

Can you see your next home in Happy Valley, OR? You have landed on the right page.  Maximize your home search. Currently, in Trulia, there are 90 resale and new homes in Happy Valley that are lined up for you.  It includes 18 open houses, and 17 households in the line for pre-foreclosure, for auction, or for bank-owned stages of the foreclosure process. The recent trend in Happy Valley shows a 28% year-over-year increase in median sales price and about -4% drop in the median rent per month. The standard mode of transportation in Happy Valley is to commute by car.

Demographics of Happy Valley:

Single Residents        Home Owners       Median Age        Median Household Income

20%                              71%                        38                                $91,250

College Educated

48%

Location, Location, Location

It is imperative to see the amazing 5,000-acre natural area.  Additionally, you will love the Oregon Zoo as well as the Portland Japanese Garden and easy access to numerous other outdoor adventures, such as the Columbia River Gorge and the Pacific Ocean is just over an hour drive. Due to fact that Portland has indulged a range of performing arts and institutions such as the Philharmonic Orchestra, and the great theaters, festivals, and museums, the residents of Happy Valley are treated to a delightful array of activities.

Evaluation and the Market Forecast for Happy Valley 

Portland has many attractive suburbs, none are more attractive than Happy Valley, topped by it’s premier location, schools, activities and more. Due to this, a dramatic accelerating scale of the real estate market in this area resulted. Buyer’s have an interest in the ‘burbs and there is a lack of inventory because a home in Happy Valley is so desirable.

Price Increase in Happy Valley Homes:

Zillow    9.1% 2016 

Considerable reasons for the Increase;

  • Because Happy Valley has the most spectacular views and the most welcoming neighborhoods you can find in Oregon.
  • It is a beautifully planned communities with miles of meandering walkways and parks make this one of the top destinations in Oregon.
  • The city actively keeps on adding great shopping, parks and community support, while the adjacent communities of Clackamas and Damascus do the same.
  • Because of the competition among builders, these communities are bursting with amenities, providing the biggest bang for your buck anywhere in the Portland Metro area, while in a premiere location, as well.

 

What can we expect for the home prices in Happy Valley in 2017?

As we expect to have population and job growth, the increased prices and increased mortgage rates will eventually cause some home buyers concern. A prediction of 4 to 7% increase will be realized by 2017.  So when is the best time to sell your home in Happy Valley? Surprisingly, it is NOT the summer time.

Happy Valley has the most reasonable (of Portland!) home prices that people will want to move here. Most home buyers are looking for a place to raise a family. That’s enough reason to buy a home and settle down, especially in this market and in this prestigious location.

Will Happy Valley home prices continue to grow at 7% per year? With the lack of inventory, then we can see it and perhaps it might. Most new construction is targeted towards Gresham on this side of Portland, which has sub-optimal location and schools in comparison to Happy Valley. Happy Valley, undoubtedly, lends itself to a great purchase – and even better home.

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