U.S.’s Vacancy Decreases to 6.8% The Asheville Industrial market saw vacancies rise and rental rates decrease from the first quarter 2015 to the second quarter 2015. The overall vacancy rate currently sits at 6.4%, from 6.3% in the previous quarter. Rental rates ended the quarter at $3.97 per square foot, from $4.45 in the previous… Read more »
National Existing Home Sales: August 2015
Nationally a shortage of inventory is slowing the sales space, but that’s not necessarily the case in Western North Carolina. NAI Beverly-Hanks Economic Update Bloomberg.com Though slowing in August, existing home sales are still healthy and trending higher. Existing home sales came in at a lower-than-expected 5.31 million annual rate in August which is the… Read more »
Real Estate Investing
What Should You Know? MSN Money.com’s powerful chart demonstrates what a fantastic return investment real estate has been from January 2000 through November 2011. What is investment real estate? According to Investopedia.com, it is “real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence.” If you’ve been… Read more »
Private Mountain Communities Announces Expansion
Neal Hanks, owner of Beverly-Hanks & Associates, announced today that he is now a 50% partner and co-owner of Private Mountain Communities (PMC) with Harry Redfearn, the Founder and President of PMC. As the Western North Carolina real estate market continues to strenghten, Redfearn and Hanks believe timing is optimum for growing the company to… Read more »
First look at house on Tiger Woods' NC golf community
From WCNC ASHEVILLE, N.C. — Tiger Woods’ first U.S. golf course is under construction near Asheville. The owners of the first home in the community just closed on the house. The couple from Charlotte gave NewsChannel 36 an exclusive tour of the house. “You’ve got a panoramic view of western North Carolina,” said Kathy Levy,… Read more »
Tiger and Economy
The Cliffs at High Carolina stands by Tiger Woods Update: from the Wall Street Journal From the Article: ASHEVILLE, N.C.—Golf-resort developer Jim Anthony seemed to have pulled off a major coup by signing Tiger Woods to design the superstar’s first U.S. course at a 3,200-acre community in the high meadows of the Blue Ridge Mountains…. Read more »
Weaverville News: Northridge Commons to Open in May
This post is from guest author and Beverly-Hanks associate Pete McHugh. UPDATE (2016): Pete is no longer affiliated with Beverly-Hanks. We wish him the very best in his pursuits. Big news around the small town of Weaverville, NC: The mall is coming to town. Northridge Commons in Weaverville is set to open in May… Read more »
Asheville Commercial Real Estate
Residential real estate seems to be grabbing all the headlines lately. We figured it’s time to talk about some of the commercial real estate services we offer through NAI Beverly-Hanks, our commercial real estate division, and what you should look for in a commercial real estate broker. Track Record & Local Connections When looking for… Read more »