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 […]

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, […]

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 […]

Big Swings: NAI Beverly-Hanks Q3 2018 Commercial Market Report

Q3 2018 Commercial Activity: We witnessed some significant swings in commercial real estate for Q3. The industrial sector was off 80% from the second quarter. But office business was up 34%. Retail transactions were up 71%, but multi-family was down 70%. And land closings were off 35% from what they were in the spring. Luckily, […]

A Predictable Transition: The Beverly-Hanks Q3 2018 Market Report

Fall is our favorite season in Western North Carolina, and the predictable transition of the leaves from green to bursts of color is one of the best parts. Our real estate markets are also going through a predictable transition. After almost seven years of growth, local markets are slowing. Years of high demand, tight supply, […]

NAI Beverly-Hanks Q2 2018 Market Report: A Consistent Climb

Q2 2018 Commercial Activity: The second quarter was solid, steady, and consistent—nothing extraordinary or flashy, just solid. Four out of the five sectors (industrial, office, retail, multi-family, land) were not up by much, but they were up. In the Central Business District (CBD), 48 Biltmore Avenue (home to Chestnut restaurant) and 26.5 Battery Park Avenue […]