Tag: Quarterly 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… Read more »

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,… Read more »

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… Read more »

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… Read more »

Beverly-Hanks President Neal Hanks, Jr. has delivered the 2017 End-of-Year Market Report. Watch the video below for his short report, or continue reading for a summation. 2017 End-of-Year Commercial Activity: 2017 was an incredible year for NAI Beverly-Hanks! The division sold and leased transactions totaling more than $100 million dollars—an all-time high! The WNC market was… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Western North Carolina Q3 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q3 2017 Commercial Activity: As is often the case with commercial real estate, one or two big deals can really sway numbers when comparing… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Q2 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q2 2017 Commercial Activity: Sales in all commercial sectors were up significantly in Q2 2017 versus Q1 2017. Our Industrial and Office markets were both up more… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Q1 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q1 2017 Commercial Activity: Sales for the first quarter of 2017 were down considerably compared to Q1 2016. Retail sales remained competitive, with $10.3 million in closings… Read more »

Beverly-Hanks President Neal Hanks, Jr. has delivered the 2016 End-of-Year Market Report. Watch the video below for his short report, or continue reading for a summation. 2016 EOY Commercial Activity: 2016 was an interesting year for commercial real estate in Western North Carolina. Leasing activity was up, but sales transactions were down. While the number… Read more »

Beverly-Hanks’ president, Neal Hanks, was on site at the Beehive Coffee Bar in Arden to deliver the 2016 Quarter Three Market Report. Watch the video below for his short report, or continue reading for a summation. 2016 Quarter Three Residential Activity: Overall, our housing markets are robust. The sales pace increased by 9% when compared… Read more »