Category: Real Estate Market News

Since it was proposed three months ago, a condo development project north of Beaver Lake and the Country Club of Asheville has sparked controversy among local residents. This week, the Florida-based developer has withdrawn its proposal. Dubbed the Cornerstone development, the plans called for multifamily development amounting to 184 condo units, as well as 12… Read more »

The sale and lease of commercial real estate continues to grow, both regionally and nationally, but commercial Realtors remain concerned about the availability of commercial financing. Overall, national lending for commercial real estate investment was incredibly strong in Q4 2015. In fact, the time period was the fourth highest quarter for borrowing and lending on… Read more »

This is the second post in a two-part series about how commercial real estate should evolve to meet the needs of the millennial generation. Read the first post.   As the world’s first digital generation, those born from the early 1980s to the late 1990s were regularly exposed to new technologies in the home and… Read more »

This is the first post in a two-part series about how commercial real estate should evolve to meet the needs of the millennial generation. Read the second post.   Born between the early 1980s and the late 1990s, the up-and-coming millennial generation has garnered a lot of attention over the last few years. Painted as… Read more »

Beverly-Hanks’ president, Neal Hanks, was on site at Hands On! in Hendersonville to deliver the 2016 Quarter One Market Report. Watch the video below to watch his short report, or continue reading for more information. 2016 Quarter One Residential Activity: Overall, our housing markets remain active and continue to provide significant opportunity for savvy buyers… Read more »

The Asheville industrial market ended the fourth quarter 2015 with a vacancy rate of 5.8%. The vacancy rate was down over the previous quarter, with net absorption totaling a positive 111,576 sq ft in the fourth quarter. Vacant sublease space remained unchanged in the quarter ending at zero square feet. Rental rates ended at $4.01,… Read more »

The fifth annual release of the joint report by Situs Real Estate Research Corporation (RERC), Deloitte and the National Association of Realtors® was released on February 4th. According to the three organizations responsible for producing the report, “Commercial real estate activity is forecast to gradually grow this year with demand for space holding steady across all… Read more »

  On February 2, 2016, Inman author, Daren Blomquist, curated forecasts from six different economists specializing in the United States housing markets. Here are the key takeaways from the economists: Growing rental rates and moderate home price growth should mean more people look to buy in 2016. Mortgage rates will rise which should also help… Read more »

Commercial Real Estate In The Asheville (MSA) 2015 was a good year for commercial real estate. As predicted, growth occurred in the hotel and multi-family sectors, and vacancy rates dropped for retail, office, and industrial properties. Sales soared from 2014’s 296 ($378.5M) to 350 transactions ($485.5M). Retail and multi-family properties led the way accounting for… Read more »

  (ANSWER): True–27 tracts of land of 10 acres or more have sold in Buncombe, Haywood, Henderson, Madison, Polk, Rutherford, and Transylvania counties in the last 90 days. Land sales are in the very beginning stages of improving. Understanding the fluctuations in the real estate market is important for making confident real estate decisions when… Read more »