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Best Opportunities for Real Estate Sales in Clay, NY

KH Realty Group • October 15, 2022
A house in the Town of Clay

New York is one of the top choices for real estate investments. The suburban localities in Central New York attract many investors every year. The Town of Clay has emerged as the ideal suburb for real estate sales over the past few years. It gives you every reason you need to settle down in the area and live a good life. We will explore some of the best opportunities for real estate sales in Clay, NY, to help you understand the market trend.


Living in Clay, NY

The Town of Clay is a magnet for modern-day real estate investors and property managers. Unlike many suburbs in New York, Clay offers its residents all the facilities they need. Exploring the town can find shopping centers, public libraries, schooling districts, and higher education facilities. Many retirees settle in the area with their families to enjoy a peaceful life.

 

As the heart of Central New York, the Town of Clay is a goldmine for real estate sales. There are plenty of options to explore in commercial and residential localities. Moreover, the easy access to other neighborhoods makes it an ideal fit for most families looking to settle down. Some suburbs miss out on having access to scenic sites popular with tourists.

 

The Town of Clay remains fortunate in this regard and allows its residents to explore nearby natural sites, including Finger Lakes and the Adirondack Mountains. These tourist destinations in Clay, NY, attract many visitors every year. Having easy access to tourist spots and other neighborhoods influences the property value trends in the area. 


The Northwestern Region

Real estate sales in Clay, NY, have witnessed massive growth in recent years. Since the town touches its neighborhoods on each side, the property value in the Town of Clay varies for each region. If you need a desirable locality with high-value homes and lush neighborhoods, you may explore the northwestern regions of Clay.

 

The properties in the northwestern side may cost you more when buying. However, they are high-value homes that can offer you significant investment returns over the years. If you are a retiree looking for a nice place to settle down with your family, you may explore the northwestern parts before deciding.


The West Region

The western parts of Clay cover affordable properties to accommodate locals. These parts can be a good fit for lower investments. If the quality of the neighborhood is not one of your top concerns, you can explore the western localities to buy land and houses. Some investors also buy homes in affordable localities to rent out to tenants.

 

Suppose you want to know the potential of the different localities in the Town of Clay regarding real estate values. In that case, you may buy homes at affordable prices in the western region and hire a property manager to search and screen tenants while you live in high-end neighborhoods. You may explore online property listings to compare the property values in different parts of the town.


Median House Values

Real estate sales in Clay, NY, may benefit you in the long run. You can purchase properties at affordable prices and choose to retain or resell them for a better market value. Whether you opt for high-value properties located in the northwestern parts or settle for affordable neighborhoods in the western side, the median values remain lower than in other neighborhoods.

 

Median house values in Clay, NY, are $210,932, which is not as expensive as the U.S. median value of $376,286. If you compare the real estate investment opportunities in similarly populated cities like Atoka, TN, the costs of homes in the Town of Clay may be comparatively less.

 

The total population of Clay is approximately 59,401, making it more populated than other towns of Onondaga County. Nearly 73% of the residents own properties in the area, while the rest, 27%, opt for rented places. The high number of owned properties highlights Clay's real estate sales trend due to its various modern facilities and easy access.


Recent Developments in Clay, NY

The Town of Clay has attracted many real estate investors in the past few years. The Onondaga County administration made significant efforts to ensure the development of the Micron Technology chip production plant. The initial process of buying land to facilitate the company started in 2019. The company purchased a high-value property on 8631 Burnet Road for $650,000 to establish the computer chip production facility.

 

This project has the potential to create over 50,000 jobs in the neighborhood, making it an ideal spot for young professionals to settle down. If we compare the prices from 2019 to 2022, we can find a significant increase in property prices. The Onondaga County administration bought nine properties in 2019-2021 for about $82,000 per acre. While true, the county purchased about thirty-nine properties in 2022 at $350,000 per acre.

 

The above stats highlight the property price trend in the Town of Clay. Investors who bought lands a few years back can sell their properties for three-times higher price values. However, it is an ideal time to purchase more properties in the area due to its rising popularity. If you opt for real estate sales opportunities in Clay, NY, you can make safe investments that may multiply the figures in the coming years.

 

By selling most of the Burnet Road properties to Micron Technology, Onondaga County is reshaping Clay to make it an ideal place to live for Micron employees and newcomers in the town.


Real Estate Sales in Clay, NY

Buying a property in Clay can significantly benefit you at this point. While this is true, you may need a professional real estate sales agent in the area who knows the localities and helps you make an informed decision. If you live outside of Clay, you may do your research online to explore real estate investment opportunities.

 

As professionals in the industry, we know the pros and cons of buying homes and commercial properties in the northwestern and western regions of Clay, NY. We can help you choose a valuable site for your real estate purchase.

 

KH Realty Group has been committed to delivering excellent real estate management service to our clients since 1993 in the greater Liverpool, NY area. KH Realty Group follows the BHHS CNY Realty Standard Operating Procedure. Contact us today for  free consultation and see how KH Realty Group can help you.

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Maximize Your CNY Homes Value: How the Micron Semiconductor Chip Plant Impacts CNY Homes for Sale in Syracuse, North Syracuse, Clay, Liverpool, Cicero, Baldwinsville, Radisson, NY

By Randy Johnson • January 10, 2025
Understanding the Impact of Micron Semiconductor Chips Plant on CNY Syracuse's Real Estate Market The arrival of Micron Technology in Syracuse is more than just a boon for the tech industry; it's a transformative event for the local real estate market. As the plant takes shape, the demand for CNY homes in Syracuse and its suburbs is expected to skyrocket. This surge will likely lead to: 1. Increased property values across the region 2. Faster sales times for homes on the market 3. More competitive bidding processes for desirable properties 4. Growth in new construction and housing developments Real estate experts predict that the impact will be felt most strongly in areas closest to the plant site in Clay, NY, but the effects will radiate throughout homes in CNY, NY. Homeowners in Syracuse and neighboring communities may find themselves sitting on increasingly valuable assets as the market adapts to accommodate the influx of Micron employees and associated businesses.
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By Randy Johnson • December 21, 2024
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Micron Syracuse Funding News: Done Deal $6.1 Billion Funding Ready to Transform Syracuse & Clay, NY

By Randy Johnson • December 16, 2024
New York state's largest private investment has grown even bigger. Micron's groundbreaking announcement reveals the tech giant has secured $6.1 billion more in federal funding for its semiconductor manufacturing facility. Central New York is about to experience an unprecedented change. Micron CNY Syracuse & Clay, NY will alter the Central New York region's economy. This huge investment promises thousands of new jobs and will turn the area into a leading semiconductor manufacturing hub in the United States. Micron CNY Syracuse and Clay, NY semiconductor chips plant will benefit and reach businesses of all types - from schools and housing developments to transportation systems and environmental projects. Historic Investment Details The U.S. Department of Commerce has made history with a game-changing $6.17 billion funding package for Micron's semiconductor manufacturing plans. The money splits between two locations - $4.6 billion goes to New York while $1.5 billion supports Idaho operations.
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By Randy Johnson • November 13, 2024
In a remarkable move that promises to reshape the economic landscape of Clay, NY, and the surrounding areas, Onondaga County Industrial Development Agency has secured the last remaining three properties for $3 million, which is needed for Micron Technology's highly anticipated semiconductor chip fab plant. Micron has reimbursed the county of Onondaga for this groundbreaking deal, worth a total of ten million dollars, solidifying the region's position as a hub for cutting-edge chip technology and innovation. Micron, a global leader in semiconductor manufacturing, has been eyeing Syracuse as the hub and Clay, NY, as the location for its next state-of-the-art chip fabrication facility. The company's ambitious expansion plans have been met with overwhelming support from local officials and residents alike, who recognize the immense potential for economic growth and job creation that this much-needed state-of-the-art semiconductor project brings.
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Micron Clay, NY, Construction Groundbreaking Faces Third Delay, CNY Homes for Sale, Top Dollar, Micron Worker Housing Needed Fast, KH Realty Group at Berkshire Hathaway CNY

By Randy Johnson • October 31, 2024
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By Randy Johnson • October 10, 2024
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Has Micron Overlooked, Protected Bats & Logistical Complexities that Could Hinder Construction Timelines?

By Randy Johnson • July 10, 2024
Micron Technology, a leading semiconductor manufacturer, recently announced its plans to construct a new facility at the corner of Caughdenoy Road and Route 31. While this development promises significant economic benefits and job creation, one must question whether Micron has overlooked critical factors that could hinder its construction timelines. One of the main concerns revolves around the presence of protected bats near the micron construction site. Bats are protected species in many regions in New York due to their ecological importance and declining populations. Their habitats often require careful management and preservation, which can complicate construction activities. Micron has yet to account for the presence of bats at the corner of Caughdenoy Road and Route 31 in Clay, NY. In that case, they might face unforeseen delays as environmental assessments and mitigation strategies are slowly implemented. This alone could significantly alter their work schedule and overall construction start date.
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