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Relocate to Happy Valley, Oregon:

Happy Valley is a terrific place to live, work and play.  There are many reasons that people chose to live in Happy Valley when relocating here from out-of-state.

Happy Valley sits on the Interstate 205 Corridor which connects many freeways for whatever someone's needs may be.  Head North to Vancouver, Washington, Head South to Tualatin/Wilsonville or head West to Portland down Interstate 84.  Here are a few reason people chose to live in Happy Valley. 

1. Happy Valley is located on the East side of Portland and is more accessible to Mt. Hood and other rivers, lakes and recreation.

2. Happy Valley is very short commute to downtown Portland if you work there.

3. Happy Valley is located in Clackamas County which has lower taxes and more friendly to small business then Multnomah County.

4. Happy Valley is in the Clackamas School District which is a newer and better rated school district than the Portland Public Schools.

5. Happy Valley is located just a couple miles East of the Clackamas Town Center.  Clackamas Town Center is a huge shopping and dining mecca on the east side.  It has a huge newly updated mall, great restaurants and brand new movie theatre and food court.

6. Happy Valley now has the Max Line to Clackamas Town Center.  The Max is Portland's Light Rail system of transportation.  It's very convenient if you want to go downtown and watch a Blazer game or Beaver's Game because you don't have to worry about parking and you can chat with your friends on the way.  If you work in Hillsboro you could also take the Max there too if necessary.

7. Happy Valley just happens to be the most overbuilt area of all of Portland Metropolitan area.  In a nutshell here's what happened: Oregon's previous largest builder Buena Vista Custom Homes and many other large and small builders alike bought up land and started building thousands of beautiful and nice large home back in 2004-2008.  These homes were very attractive because Happy Valley only had 4000 residents at the time, they were building a new town center, there are a few small mountains in Happy Valley so many of these homes had terrific views of Mt. Hood or Portland and lots of money was being dumped into the Clackamas mall, Happy Valley Town Center and Max lines.  Also most homes featured 2500-5000 square feet, 6-8 inch mill work, 10 foot doors, incredible kitchens, 3 car garages and very nice exterior masonry.   What happened though is that the overabundance of homes caused the demand for $450,000 - $800,000 range homes to fall dramatically.  This caused land values to drop faster than the builders could sell the homes.  Most of the builders all ended up losing lots of money and ended up auctioning their homes or letting them go back to the bank.  In fact you'll see in many subdivision still today in Happy Valley they are not completed.  You'll see a plat of 50 homes that have 5 homes and no others around them.  Ok so you ask what's currently happening?  Well because thousands of people paid $400,000 or more for their home they are all upside down on their homes by 20% or more.  Not to mention many people who purchased these homes could not afford them at the time.  If they could afford them they may have lost their jobs since which has caused them to sell or get rid of the home.  These same owners were not able to sell because the market values dropped so much so their only options were short sales or foreclosures.  So now in Happy Valley you'll find this area has a much higher rate of distressed properties than other areas. 

I know and understand Happy Valley better than anyone else and would be happy to help you purchase a very nice place and make sure you get a great value.  Feel free to call me anytime 503-888-1897.

 

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