The housing market in the Orenco Station area has not been immune from the recent downturn in the overall market. There is, however, reason to be optimistic about the future of the area. The migration rate is expected to be strong. Genentech has made significant progress on their finishing plant just north of Orenco Station and Intel. Across the street from Genentech, Solorworld has made progress on the old Komatsu building in preparing it for the expected 1500 new employees. Unfortunatly, we have not yet seen the first wave of employees entering the housing market. The bright side is that we know they are coming!
The current situation creates opportunity for the Orenco Station housing market. Currently, new construction spec homes are being sold well under market value with purchase incentives thrown into the deal. We have targeted 3 specific communities that we feel provide the most upside for both investors and home owners. In addition, the existing communities of Orenco Station, Orenco Gardens, Stonewater at Orenco, Orenco meadows, & Club 1201 at Orenco are presenting outstanding values.
With the current dip in interest rates and projected growth in the Orenco area, now may be the time to jump into the market. Call Jim Rostel today to get more information on purchase opportunities.
