Another Dynamic Year: NAI Beverly-Hanks Year-End 2022 Commercial Market Report

Commercial Real Estate Forecast 2022 was another dynamic year for the commercial real estate world. From less of a demand for apartments to more for retail spaces to the office sector lagging behind, the shifting market continues, following the pattern of many quarters before this. With a focus on the good news, consumers are indulging […]

Strength in Numbers: Allen Tate/Beverly-Hanks’ Year-End 2022 Market Report

As we reflect on the past year and turn our sights forward, there is heightened interest in the state of the real estate market—both in WNC and across the country. Our 2022 annual report is here to offer context and counsel amidst a sea of shifting influences.  For a closer look at what’s happening in […]

Trendlines over Headlines: The Allen Tate/Beverly-Hanks Q3 2022 Market Report

The splendor of autumn reminds us of why we call Western North Carolina home. It makes sense that, historically speaking, fall is one of the most active seasons in our market. And, true to form, the pace of real estate sales is in good health, even amidst a season of change. For a closer look […]

Under Pressure: NAI Beverly-Hanks Q3 2022 Commercial Market Report

Commercial Real Estate Forecast Inflation continues to put pressure on the commercial real estate sector and the marketplace is evolving in response. After a thriving 2021, there has been a definite softening in commercial real estate growth in 2022, but not across the board. Sectors such as retail and office struggled somewhat, while multi-family continued […]

A Change in the Wind: The Beverly-Hanks Q2 2022 Market Report

Today, the warm summer weather continues its long run, as does the exceptionally robust regional real estate market. But, just as the signs of fall faithfully begin to appear, the local real estate landscape is signaling change. And we think this change is a good thing. For a closer look at what’s happening in Western […]

Top Marks: NAI Beverly-Hanks Q2 2022 Commercial Market Report

Commercial Real Estate Forecast The Asheville metro area received top marks at the start of the second quarter in an analysis of economic and commercial market health across the country. The National Association of REALTORS® (NAR) ranked Asheville as one of the nation’s “Top 16 Commercial Real Estate Markets” in an index citing office, industrial, […]

Law of Supply and Demand in Action: The Beverly-Hanks Q1 2022 Market Report

As many industry pundits predicted at the end of 2021, a declining supply of homes for sale has slowed last year’s unprecedented sales pace as we begin 2022. According to the National Association of RealtorsⓇ, pending home sales slipped for the fourth consecutive month in February, largely due to low inventory. “Buyer demand is still […]

Starting Strong: NAI Beverly-Hanks Q1 2022 Commercial Market Report

Commercial Real Estate Forecast A strong economy generally benefits real estate, and 2021 proved just that. With the U.S. economy growing at 5.6% during 2021, annual CRE sales volume crossed $600 billion for the first time ever through November. While optimistic about the economic outlook going forward in 2022, inflation and a rising interest rate […]

Ending the Year Optimistically: NAI Beverly-Hanks Year-End 2021 Commercial Market Report

Commercial Real Estate Forecast As more businesses reopen, and with COVID-19 precautions still in place, industry experts are optimistic about the current state of commercial real estate. According to The Real Estate Roundtable, “The Q4 2021 Real Estate Roundtable Sentiment Index registered a score of 73…a 29-point increase over Q4 2020”. While conditions vary among […]

No Slowing Down: The Beverly-Hanks Year-End 2021 Market Report

The pandemic accelerated market dynamics already present before COVID and which will persist well into 2022. The combination of recession-induced low mortgage rates, remote workers relocating to our area, and the demographic wave of Millennial home buyers were already driving a frenzied sales pace in the Asheville region before March 2020. Since then, the demand […]