Recently, Micron made the U.S.’s largest chip investment in history in Central New York. This will have gigantic implications for our real estate market, so I have been keeping track of what it means for you.
To start, I’ve been learning a lot from my colleagues. Intel made a similar chip investment in Ohio a little while ago, so I figured the best way to learn about our area’s future was to see what happened there.
According to Central Ohio agent and my friend Scott Siebenaler, land around the investment in Ohio has doubled in value from $31,000 to $64,000 per lot. It’s reasonable that we could see that sort of increase in Central New York soon.
In fact, prices have already increased, and construction isn’t even completed yet. Land in a two-mile radius of the project has increased in value by 20% to 200%.
If you would like to learn more about what this investment means for you, please call me at (315) 449-6685 or email me at Info@Hodgkinshomes.com. I’d love to speak with you.
