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 […]

Bouncing Back, Albeit Unevenly: NAI Beverly-Hanks Q3 2021 Commercial Market Report

Commercial Real Estate Insights The economy is improving, as are some sectors of commercial real estate. Although we are seeing improvements, it remains uneven across property types and geographic markets. The multifamily, industrial, and retail property markets are coming back strongly. The recovery has not been as robust in the office and hotel property markets, […]

Looking up: NAI Beverly-Hanks Q2 2021 Commercial Market Report

Commercial Real Estate Forecast The commercial real estate industry is, as a whole, continuing on an upward trajectory. Ongoing focus on vaccinations as consumers turn toward travel and in-person interactions is aiding the industry’s recovery. However, some sectors are recovering more quickly than others. The industrial and multifamily sectors are burgeoning, while the hospitality and […]

How to Find the Best WNC Community for You if You Live out of Town

Often, home buyers neglect one of the most important steps in finding a new home: They skip doing research on specific communities. Buying a home requires understanding your points of compromise. 62% of home buyers indicate that the overall quality of a community is the most important factor influencing their neighborhood choice. In fact, the […]

An Industry in Recovery: NAI Beverly-Hanks Q1 2021 Commercial Market Report

Commercial Real Estate Forecast Commercial real estate experts are encouraged by the industry’s ongoing recovery from the pandemic. Retail providers continue to pivot to meet online demands, shift their strategy to a proactive have-it-to-send-it model, and keep shelves stocked. Thanks to this activity, warehouse space, fulfillment centers, data centers, and logistics needs are still flourishing. […]

Is “Average Asking Price” the Best Metric for Predicting Home Values?

As local homeowners ourselves, we at Beverly-Hanks understand that affordability is an important and ongoing issue across Western North Carolina. Anytime we see people reference the “average asking price” of a community, we get concerned. That term dramatically overstates local market conditions for two reasons: one is the use of “asking price” as a value […]

What’s the State of the Luxury Real Estate Market in WNC Right Now?

The Western North Carolina housing market was a wild ride in 2020! This was especially true for our luxury market segments, which showed remarkable growth as affluent buyers chose to leave larger metros for the peace and solitude of our mountains. We’re not even through the first quarter of 2021, but we’re already seeing that […]

Increased Optimism: NAI Beverly-Hanks Year End 2020 Commercial Market Report

Commercial Real Estate Forecast The commercial real estate market is currently in a relatively stable state, given the effects of 2020 on key sectors. Despite a brutal drop in tourism in Western North Carolina and related blows to small businesses dependent on those tourist-fueled door swings, annual gross rents dropped by only 1.3%. According to […]

On the Mend?: NAI Beverly-Hanks Q3 2020 Commercial Market Report

Commercial Real Estate Forecast The commercial real estate market is diligently trying to recover. All eyes are on the pending stimulus package to provide renewed relief to consumers, tenants, and struggling real estate sectors. Many small businesses, restaurants, and local tenants are reaching the tipping point, as the fourth quarter currently marks the end of […]

Firing on All Cylinders: The Beverly-Hanks Q3 2020 Market Report

It’s hard to believe that in nine short months, Western North Carolina’s real estate has experienced unprecedented changes. Only a few months ago, we were working with our clients to prepare for a considerable slow down to the market. Now, it is almost impossible to describe local real estate activity without using hyperbolic headlines. Simply […]