Amazon Expected To Immediately Start Building Slidell Fulfillment Center
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According to the Slidell Independent, Amazon, the world’s largest retailer, has obtained a land clearing permit for property on the corner of Old Spanish Trail and Town Center Parkway.
The Fulfillment Center is expected to bring approximately 400 well-paying jobs, with pay starting between $15-20 an hour. Construction will start almost immediately, with completion estimated at the end of 2021, with operations beginning Q1 2022.
Could property values soar even higher?
Property values in Slidell are up 13.8% over January 2020. Driven mainly by record-low supply and record-high demand, prices aren’t expected to go down in the near future. The low rates have also forced many renters to make the jump into homeownership.
Amazon FC’s have a history of boosting residential property values and increasing commercial occupancy rates, something that is much needed in Slidell. There is also much talk of additional fast-food and other retailers moving in, due to the speculated increase in traffic from job created, and delivery trucks.
What’s left to sell?
As of the writing of this article, the number of homes for sale in Slidell is down 33% since January 2020, with approximately 260 single-family residential units available. The decrease in homes for sale has been driven by several factors: people not wanting strangers in their home during a pandemic, employment uncertainty, and in general, older generations are less likely to sell their homes. With the economic uncertainty brought on by COVID, it’s no wonder they aren’t moving. Hopefully the potential for an even greater increase in property values will help many get off the fence, and list.
If you’re interested in finding out the value of your home, contact us for a no-obligation Comparative Market Analysis. For more information on how the real estate market has performed in the last year, check out our recent blog post on the market conditions.
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About the author:
David McLaughlin is an 11-year resident of Slidell, and a 15-year veteran of the real estate industry. He moved his family here in 2009 and loves Slidell for it’s community and it’s people. Contact David
