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. […]

The Year is Still Heating up: The Beverly-Hanks Q2 2019 Market Report

Summer is a perfect time to take stock of our forecasts and determine if Western North Carolina’s real estate markets are shaping up as we expected. Overall, the markets are active and are providing a lot of opportunity.  To give you the rundown, Beverly-Hanks President Neal Hanks, Jr. has delivered the Q2 2019 Real Estate […]

Press Release: WNC’s Real Estate Markets Have Reached an Equilibrium

FOR IMMEDIATE RELEASE: WNC’s Real Estate Markets Have Reached an Equilibrium Beverly-Hanks delivers their first quarter market report. April 26, 2019, Asheville, NC—Neal Hanks, Jr., President of Beverly-Hanks, REALTORSⓇ, recently delivered the company’s first quarter Real Estate Market Report. According to the Beverly-Hanks Q1 2019 Real Estate Market Report, the Federal Finance Housing Agency reported […]

Jekyll and Hyde for the Office Sector: NAI Beverly-Hanks Q1 2019 Commercial Market Report

Q1 2019 Commercial Activity: Commercial sales transactions were sort of a mixed bag in Q1 2019. We saw 160 closings in the first quarter for $197 million compared to 160 closings in Q1 2018 for $290 million. In contrast, our median year-over-year sales price was very similar ($102/ft versus $107/ft). That tells us that there […]

Maintaining an Equilibrium: The Beverly-Hanks Q1 2019 Market Report

Understanding the various dynamics of our regional real estate markets is something we take seriously at Beverly-Hanks. And it’s during times of transition when our agents’ expertise becomes invaluable. Right now, there are confusing economic and housing headlines in the national news. There’s no question that macro trends impact our local real estate market conditions, […]

Press Release: WNC’s Real Estate Markets are Back to Historical Norms

FOR IMMEDIATE RELEASE: WNC’s Real Estate Markets are Back to Historical Norms Beverly-Hanks delivers their end-of-year market report and predictions for 2019. January 23, 2019, Asheville, NC—Neal Hanks, Jr., President of Beverly-Hanks, REALTORSⓇ, recently delivered the company’s end-of-year 2018 Real Estate Market Report. The Beverly-Hanks market report highlights four key metrics of the Western North […]

Best Year Ever: NAI Beverly-Hanks 2018 Year End Commercial Market Report

2018 Commercial Activity: According to CoStar sales data, 2018 was the best year for commercial real estate in Western North Carolina. Our four-county MSA (Buncombe, Henderson, Haywood, and Madison) saw just over $700 million in sales last year. That bested 2016’s previous high-water mark by $100 million! In comparison, the region only saw $92 million […]

Back to Normal: The Beverly-Hanks 2018 Year End Market Report

Almost daily, our clients share how much they appreciate our real estate guidance. Both buyers and sellers benefit when working with an agent who can correctly anticipate national and regional market shifts. Last year, 86% of Beverly-Hanks buyers shared with an independent research firm that their agent did an excellent job negotiating the price and […]