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 […]

“Home” is More Important than Ever: The Beverly-Hanks Q2 2020 Market Report

Before the COVID-19 outbreak and stay at home orders began, the markets were robust and healthy. Our primary concern was the shortage of homes for sale going into our primary listing and selling season. As of now, buyers are still buying homes and sellers are still selling—and Beverly-Hanks is still here, at the ready, to […]

A Glimmer of Hope: NAI Beverly-Hanks Q2 2020 Commercial Market Report

How is the Commercial Real Estate Market? Predictions for the commercial real estate industry in the second quarter of 2020 were far from optimistic as the full economic impact of COVID-19 rolled through the market. With lockdown orders in place, the industry stalled abruptly and professional efforts turned to assisting landlords and tenants navigate 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 […]