Press Release: WNC’s Real Estate Markets were Strong through the End of March

FOR IMMEDIATE RELEASE: WNC’s Real Estate Markets were Strong through the End of March Beverly-Hanks delivers their first quarter 2020 market report. April 21, 2020, Asheville, NC—Neal Hanks, Jr., President of Beverly-Hanks, REALTORSⓇ, recently delivered the company’s first quarter 2020 Real Estate Market Report.  According to the Beverly-Hanks Q1 2020 Real Estate Market Report, the […]

Conservatively Optimistic: NAI Beverly-Hanks Q1 2020 Commercial Market Report

Q1 2020 Commercial Activity: Predictions for the commercial real estate industry were conservatively optimistic at the start of the year. In our Year End 2019 Market Report, we indicated that a robust first quarter was unlikely, which was confirmed in some segments by the first quarter’s data.  Entering an election year, coupled with ongoing trade […]

The Future Remains Bright: The Beverly-Hanks Q1 2020 Market Report

These days we are getting only one question, although it comes in many forms: How will the novel coronavirus impact our local real estate market? As of now, buyers are still buying homes and sellers are still selling—and Beverly-Hanks is still here, at the ready, to serve our community. To give you the rundown of […]

Press Release: WNC’s Real Estate Markets Saw a Decade of Unprecedented Growth

FOR IMMEDIATE RELEASE: WNC’s Real Estate Markets Saw a Decade of Unprecedented Growth Beverly-Hanks delivers their year end 2019 market report. January 23, 2020, Asheville, NC—Neal Hanks, Jr., President of Beverly-Hanks, REALTORSⓇ, recently delivered the company’s 2019 end-of-year Real Estate Market Report.  According to the Beverly-Hanks Year End 2019 Real Estate Market Report, the last […]

Steady Growth Predicted in 2020: NAI Beverly-Hanks Year End 2019 Commercial Market Report

Year End 2019 Commercial Activity: 2019 was the second best year for commercial real estate in Western North Carolina, trailing only 2018. The four-county MSA reported just over $595 million in 2019 sales. In contrast, the region experienced only $92 million in closed transactions a decade ago. In 2019, all sectors reported strong sales, with […]

Capping a Decade of Unprecedented Growth: The Beverly-Hanks Year End 2019 Market Report

Savvy buyers working with Beverly-Hanks agents proved that the last decade was one of the best times in history to buy real estate in Western North Carolina.  To give you the rundown, Beverly-Hanks President Neal Hanks, Jr. has delivered the Year End 2019 Real Estate Market Report. When breaking down the markets, we examine four […]

All-Time Multi-Family Record: NAI Beverly-Hanks Q3 2019 Commercial Market Report

Q3 2019 Commercial Activity: The sale of two apartment complexes in Asheville accounted for almost $125M of the $278M in commercial transactions for the third quarter. The District, located on Fairview Road near Biltmore Village, sold for $71,500,000. Skyland Exchange, located off Long Shoals Road in Arden, sold for $52,750,000. With 309 units, The District […]

Will the Seller’s Market Continue?: The Beverly-Hanks Q3 2019 Market Report

Thus far, 2019 has been favorable to the home buyers and sellers of Western North Carolina. It remains a seller’s market in most communities. But will the seller’s market continue? To give you the rundown, Beverly-Hanks President Neal Hanks, Jr. has delivered the Q3 2019 Real Estate Market Report. When breaking down the markets, we […]

Not Quite as Robust: NAI Beverly-Hanks Q2 2019 Commercial Market Report

Q2 2019 Commercial Activity: The bullets below tell the story: All categories were slightly off in Q2 2019 as compared with Q2 2018. The one exception was land, which was up 10%.  There were 124 closings in all sectors in quarter two for $121.8 million, compared to 186 sales for $181.2 million in Q2 2018. […]