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 […]

Welcome to the Seller’s Market: The Beverly-Hanks Q2 2018 Market Report

With real estate markets transitioning, Beverly-Hanks takes seriously the responsibility of keeping you informed. We know that for a majority of our clients, your home is the cornerstone of your household’s wealth. Beverly-Hanks President Neal Hanks, Jr. has delivered the second quarter 2018 Market Report. Watch the video below, read the full report, or continue […]

NAI Beverly-Hanks Q1 2018 Market Report: A Strong Start to the Year for Commercial Transactions!

Beverly-Hanks President Neal Hanks, Jr. has delivered the first quarter 2018 Market Report. Watch the video below for his short report, or continue reading for a summation.   Q1 2018 Commercial Activity: It was a strong first quarter for commercial real estate in Western North Carolina. 96 properties closed for approximately $192 million, compared to 127 […]

Price Appreciation Continues: The Beverly-Hanks Q1 2018 Market Report

Beverly-Hanks President Neal Hanks, Jr. has delivered the first quarter 2018 Market Report. Watch the video below for his short report, or continue reading for a summation.     When examining our regional real estate markets, we consider sales pace, home prices, the supply of homes for sale, and the availability of financing. WNC Sales Pace […]

Press Release: Record-Breaking Results across WNC’s Real Estate Market In 2017

Beverly-Hanks & Associates 300 EXECUTIVE PARK ASHEVILLE, NC 28801 (828) 254-7221 beverly-hanks.com   FOR IMMEDIATE RELEASE:   Record-Breaking Results across WNC’s Real Estate Market In 2017 Beverly-Hanks delivers their 2017 end-of-year market report and predictions for 2018.   January 22, 2018, Asheville, NC—Neal Hanks, Jr., President of Beverly-Hanks & Associates, REALTORSⓇ recently delivered the 2017 […]