NAI Beverly-Hanks: Asheville Industrial Market Update

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 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’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, 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 »

Being a Landlord, Not as Hard as You Think…

Great Time For Real Estate Investing You’ve probably heard or read that now is a great time to invest in real estate.  Prices are down (!), interest rates are low (!), but you hesitate.  It sounds too good to be true and you’ve been burned before.  Remember the dot-com bubble?  Yet, your interest is piqued… Read more »

2nd Annual Asheville Land Development Conference

Presented by Beverly-Hanks & Associates Asheville, NC (January 11, 2011) – The second annual Asheville Land Development Conference will happen March 3rd and 4th 2011 at the Biltmore DoubleTree hotel in Asheville, North Carolina. A two-day event comprised of forty-five professional development sessions and a trade show.  The primary purpose of the ALDC is to… 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 »