Real estate sales may be at an all-time low, but developer and broker
Before the real estate slowdown, Haymond primarily sold land to developers. But new development is at a near standstill as the region copes with a housing glut and financing for new commercial projects remains scarce.
This fall, Haymond heard from a new type of buyer - people looking for a long-term investment for their family.
In September, Haymond sold 20 acres off route 84 in
The price of raw land in
Haymond said it’s the first time in his nearly two decades in the business that he’s seen this type of interest in real estate.
“People recognize they can’t buy to flip,” said Haymond, whose company, Haymond Properties, specializes in land and commercial real estate. “They are looking at the long-term purchase.”