March 27, 2025 • 33 mins
Fresh devastation strikes Western North Carolina as wildfires become the top priority nationally, forcing evacuations and bringing CNN and Good Morning America to our doorstep just six months after Hurricane Helene. As our community faces these challenges, we reflect on finding meaning and perspective during times of crisis.
The conversation turns philosophical as we explore how disasters clarify what truly matters. Drawing wisdom from Bill Perkins' "Die With Zero," we discuss how life's resources shift throughout our journey—when young, we have time and health but little money; in midlife, money and health but scarce time; in older age, money and time with declining health. These realities shape how we should allocate resources to maximize experiences and community impact rather than simply accumulating wealth.
Against this backdrop of crisis and reflection, Henderson County's real estate market demonstrates remarkable resilience. Unlike cooling Sunbelt markets, our region maintains strong demand with average home prices holding steady at $550,000. With only a 3.4-month inventory supply, we're firmly in seller's market territory. January and February showed a 6% increase in homes sold compared to last year, despite the hurricane's impact.
The national picture tells a fascinating "tale of two markets" story—Northeastern homes receiving dozens of offers while Florida properties sit for months without interest. We share real examples of how proper pricing remains crucial; homes priced right for their condition and location still attract multiple offers even after sitting on the market.
Whether you're considering buying, selling, or exploring real estate as a career path, we're here to navigate these complex waters together. Our team offers solutions for traditional sales, investment strategies, capital gains questions, and more. Connect with us at 828-393-0134 or realestatebygregcom and discover why, even in challenging times, Henderson County real estate continues to thrive.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome to the George Real Estate Group podcast
hosted by the George Real EstateGroup.
This is the George Real EstateGroup radio, broadcast on WHKP
Radio in Hendersonville, northCarolina.
It's been heard for over 10years on WHKP 107.7 FM, whkp AM
(00:21):
1450, and WHKPcom each Thursdaymorning at 10.05.
These radio programs reach thelocal population of beautiful
Hendersonville and HendersonCounty, north Carolina.
Each week.
The show provides real estatenews and trends in our region.
(00:41):
Let's listen in on this week'sshow.
Speaker 2 (00:46):
Good morning and welcome to the George Real
Estate Group live radiobroadcast here on WHKP every
Thursday morning sharing youpositive news about your local
real estate market and community.
Whoops, we got this thingrunning again here, but just so
grateful to be here with youevery Thursday morning, here
sharing with you positive news.
I mean our community issuffering right now.
(01:09):
We just want to acknowledge thefires that our families are
facing and all that, you know,six months from the hurricane,
and I mean just a lot to process.
So certainly want toacknowledge and give space and
our thoughts and prayers andcertainly our concern.
And you know, we're so gratefulfor our law enforcement, we're
so grateful for our firstresponders, our firefighters.
(01:31):
I mean, uh, you know there's somuch work being done.
You know, and it's and it's asignificant I heard it was the
number one, um, you know, numberone fire priority in the united
states.
I just recently heard that andt.
I know you guys are doing allthese announcements and you know
the public serviceannouncements and the different
(01:51):
evacuation maps and beingprepared.
There's just a lot going onright now.
Speaker 3 (01:58):
Well, I want to commend our Henderson County
Board of Commissionerscommunication chief.
I said his title wrong theother day.
He said Timmy, don't give me anew title, but I'm talking about
Mike Morgan.
Mike has been so instrumentaltrying to get the information to
the outlets like HKP and TZQand all other outlets as well,
(02:22):
and all other outlets as well.
But he's doing a bang-up joband I commend him getting the
information out so we can get itout to the public as well.
Speaker 2 (02:31):
Yeah, it's a lot.
Speaker 3 (02:32):
It's a lot to process and.
Speaker 2 (02:34):
I know families are having to evacuate certain areas
.
We, even some of our agents,had to get out of their homes in
some of the areas that arebeing evacuated and we even as a
company, had a client that hada home under contract near Lake
Adger and we were supposed toclose in a few weeks, right and
(02:57):
the home ended up burning to theground and the sellers were so
fortunate to get out with theirlives, that's right.
That's the most important thingOf course, but I mean just, it's
sobering and it's and it hitshome.
And again, you know, ourcommunity is faced so much, you
know, with the hurricane and therecovery, and then it just
feels like wow, I mean when?
Speaker 3 (03:18):
when we get a, when we when will we get a break?
Speaker 2 (03:21):
When will we get a break?
When will we get a break?
I don't have anything to verifythis, but I'd heard.
You know.
Cnn was apparently down on MainStreet of Saluda this morning.
Speaker 3 (03:31):
Good morning America In Asheville.
Speaker 2 (03:33):
I mean like again, it's fascinating.
Yeah, it is, because as we livehere.
Speaker 3 (03:40):
We don't realize, because my aunt called me out of
Michigan a couple of nights andshe said Tim, I didn't realize
what y'all were going through.
It's on the national news.
Yes it is, and she said I'll bepraying and that's what we need
the most.
Speaker 2 (03:56):
Certainly and again, we do need to pray pray for our
community, pray for thosefighting.
Speaker 3 (04:01):
Oh yeah, the people behind the scene, the ones that
do the really hard work tryingto put out these fires, though,
and we just got to be reallyconscious of where we go in
these senses.
We can't burn.
We got a burning band, so wecan't burn, but the wind has
(04:22):
been up.
Speaker 2 (04:24):
We do need to pray for rain, but again, that's
where you follow the socialmedia accounts of the local
government the local newsoutlets like WHKP Right, you
know, follow the localgovernment outlets.
Speaker 3 (04:39):
Right.
Speaker 2 (04:40):
And again for the reports and the news and the
evacuation.
They did an incredible job.
There was an interactive mapthat Henderson County put out,
that was so helpful putting thedifferent zones together,
whether it was a green zone, ared zone, a yellow zone, and
it's just hard to comprehend.
I mean it hits home here.
Speaker 3 (05:02):
Marcus Jones as well.
I mean, I can name quite a fewof them, but I've talked to
Marcus a lot, and, and as wellas Mike Morgan, but there's a
lot of things that's going onbehind the scenes to make
everything possible for us toget the news out to people that
needs to hear it.
Speaker 2 (05:22):
Yeah, and again, everything from evacuation
routes to being prepared withemergency kits, to staying
informed on the officialchannels Again there's.
And then where the shelters areand where the aid stations are,
and again it's just.
And you see neighbors helpingneighbors, you see the community
coming together and again it'sthe resilience that our
community, we're going to getthrough this again and it will.
(05:43):
Again it's just a lot toprocess.
So I mean, all these things arehappening and again it puts
things in the perspective.
It does I mean, and again we, itcan't, and I've this has
actually been a theme I've beensharing and talking about but
again, we can't control thethings that happen to us, but we
get to decide how we respond,how we.
But we get to decide how werespond, how we.
(06:04):
And we get to decide whatthings mean and, uh, you know
what are their silver linings,or you know the again the things
happen, but until we assignmeaning to it, it's just things
are happening, but we get, weget to decide how to respond to
things and and the, thechallenges of life, and and and
again, all those things that andno one's immune to any of it.
You think you hear about thesestories you heard about it's
(06:26):
like we hear about the storiesin Cal, the fires in California.
Speaker 3 (06:30):
And then you know oh it won't.
Speaker 2 (06:31):
I mean who'd have thought right?
I mean like I mean here we arein our small town and there's
fires happening here.
Speaker 3 (06:38):
I always think about that picture that they showed of
the landscape in California.
Oh yeah, that the devastation,devastation man.
So we must realize that somethings happen for reasons too
yes, that we don't know aboutand we don't know yeah so the
challenge is well is that seehow we persevere yes, and how we
(07:00):
respond to it, right it's it'sinteresting.
Speaker 2 (07:03):
I actually um, it reminds me of a book I was
recommended and read by BillPerkins, and it's interesting.
And you might say, what am Itrying to do to connect these
books?
But the book's called Die WithZero.
But the point is, none of uscan take anything with us
anyways.
No, we can't.
And especially, I think aboutthese sellers that literally
(07:26):
escaped with their lives and theshirts on their back and their
dogs.
Again, it puts things in theperspective as to what end is.
Obviously, we're all working,we're striving, we want to take
care of our family, we want totake care of our kids.
We want to take care of ourgrandkids.
It's interesting care of ourkids, we want to take care of
our grandkids, and you know it's.
It's interesting.
This book talks about, you know, living your life, but
(07:47):
maximizing your experiencesrather than hoarding money or
you know to what end.
Right again it's.
It's, the book reallychallenges the traditional
mindset of wealth accumulationand and again, when you, when
you, when you lose everything,it really puts things in the
perspective as to, I mean, mean,what's important in life, right
(08:07):
, our priorities.
Speaker 3 (08:09):
We're a little specks upon Mother.
Earth.
Oh yeah, I'll never forget whenI first flew to Orlando Florida
Never flown before in my lifeand my wife asked me because she
had flown a couple of times andshe kept asking me.
She said are you all right?
And I wasn't, but I told her, Iwas.
(08:29):
And Norm, when I looked down toMother Earth and I said, wow
we're on these specks.
Speaker 2 (08:37):
We are so small.
Speaker 3 (08:39):
We are just small like a mustard seed.
Yeah, I mean it's amazing,don't you think?
Speaker 2 (08:43):
Well, well, they talk about the, the effect that the
uh astronauts experience whenthey're up in space.
Oh, I can imagine there's.
There's an effect they talkabout, that they come away with
this perspective of just this.
It's for their mind tocomprehend how small we are,
that's right man and again, it'sback to perspective and it also
puts things in the perspectivewith our own, our own challenges
(09:06):
and our own problems that weface.
Actually, another quote that Isaw recently as to our
perspective on life, and a guynamed Peter Cundill said the
power of perspective, said thepower of perspective.
(09:29):
I think it may be easier to seesolutions if you can
distinguish between context andcontent, if you can place a
problem when the within theframework of the larger universe
, its dimensions are put intoperspective and automatically
diminish, wow.
So again, you put things in theperspective and and again, what
, what's really important andand to what end.
Right Again, and even back tothat book, the, the die was zero
(09:52):
.
Again, just, you know how we,how we use our resources, how we
spend our money, I mean beforewe die.
I mean, to what end?
Is it to accumulate all thiswealth and not use it for good,
or use it for your family, or toyou know, again, it's it's um,
using a, using your money tocreate well, to make an impact
in the community, to to creatememorable experiences, uh, in,
(10:14):
in with your family and your, inyour, in your children.
And again, you know, we all,all of us with life have to
decide between.
You know we have.
We have really three resourceswe have time, we have our health
and we have money.
And so when you're young, youhave time and health, but less
money.
Speaker 3 (10:34):
That's right, you're just playing along.
Speaker 2 (10:36):
That's right.
In your midlife you have moneyand health, but less time.
Imagine all the time raisingyour kids.
And then, when you're older,you have money and time, but we
have our declining health.
And so, again, it's the it's.
It's how we use our, ourresources in the right time of
life to maximize the enjoymentwhile still healthy enough to,
(10:58):
you know, experience things.
So again it's, you know, it'sinvesting in in our experiences.
It's investing in, in givingback to the community, our
community that we live in.
Again, these fires put thingsinto perspective.
Speaker 1 (11:12):
It does.
Speaker 2 (11:13):
You think your problem?
Maybe you have a flat tire.
Today Someone else is literallywondering if their home is
going to survive or not.
Speaker 3 (11:22):
Well, one good note.
Speaker 2 (11:23):
Tell us some good news.
Is that the NCAA Home's goingto survive or not?
Well, one good note Tell ussome good news.
Speaker 3 (11:25):
Is that the NCAA?
Speaker 2 (11:28):
I was wondering how we were going to change the
conversation.
Speaker 3 (11:32):
But you know, we have good things in life and we have
bad things in life.
Speaker 2 (11:37):
Well, two things can be true at the same time.
That's right.
Two things can be happening atthe same time, right.
And again, there's suffering inthis world and challenges in
this world at the same time, andthat's why I've even said about
real estate.
Real estate does happen aroundlife.
It can be a really beautiful,positive experience, while maybe
someone's buying or selling,but there's also challenges that
(11:58):
people face.
It could be a death of a lovedone, or a divorce or a job loss,
and so real estate, yourdecisions to do real estate for
you might be different thansomeone else's, and you know,
again, all of us areexperiencing this life with
different set of circumstancesand but we all get to decide
what things mean.
But back to the uh, the, the,the ncaa at the same time 16.
Speaker 3 (12:22):
we basketball going on, we got a basketball, jones A
basketball.
Speaker 2 (12:26):
This is the time of year that Tippy and I like to
have the conversation Again,want to give space to what was
going on, certainly in ourcommunity.
But tonight BYU is playingAlabama, and then Maryland's
playing Florida, and thenArizona's playing Duke and then
Arkansas's playing Texas Tech.
I mean that's the games today,and then tomorrow there'll be
(12:49):
another round of basketball andwe've got to tip our hat to
Carolina.
I mean they did make it past.
Speaker 3 (12:58):
They won two games in the tournament.
Speaker 2 (13:01):
But I will tell you and again I appreciate, tippy,
your perspective this morningyou said I gotta acknowledge
when it's good regardless of theteam.
Speaker 3 (13:10):
I love the game.
So the game is not only justconsists of one team, it's the
best team.
And I must tip my hat off tothe Dukies man.
And you know what's so funny?
My brother-in-law was up herefrom Atlanta yesterday and he
took me to the Dukies man.
And you know what's so funny?
My brother-in-law was up herefrom Atlanta yesterday and he
took me to the drugstore and I'dstart talking about Duke.
(13:31):
He said well, bro, you know I'ma Dukie man.
I said well, why Carolina stuff?
Then he said well, that's mystate, oh, interesting.
I said okay.
Speaker 2 (13:44):
I get it.
He must have be known he'ssupporting.
Speaker 3 (13:47):
Carolina.
Yeah, North Carolina is hishome, but his team is Duke.
You didn't know that?
No, I didn't know it.
I said let me out the car.
Speaker 2 (14:00):
He finally told you.
Speaker 3 (14:01):
He finally told me, and I told him.
I said well, look man, I mustsay, as we talked about before
Flag is a specimen that youdon't see From Maine, From Maine
.
He was watching somebody'stalent?
Yeah, he had.
I would love to ask him thatquestion who did you study
(14:24):
playing?
Speaker 2 (14:25):
basketball.
Maybe we can get him on theradio.
Oh man, you know, we never knowwho's listening.
You make a phone call, right?
Yeah, that's what.
Speaker 3 (14:31):
I mean, but you know, you don't see, those specimens
come around too often.
No, and I hope he has a greatcareer because what he's already
done as a freshman- yeah.
And everybody said, oh, hemight come back.
He said he might come back, buteven personally I don't think
he should come back.
Speaker 2 (14:51):
Well, even Coach K I think I saw in an article said
listen, this is life-changingmoney.
Speaker 1 (14:56):
Go on.
Speaker 2 (14:57):
Take advantage of it I mean, how often does that
happen?
Speaker 3 (15:00):
But you know, what was sad about that is that a lot
of kids want to enjoy that.
Well, the game has changed.
Yeah, it has, man Well, who?
Was I talking to recently aboutbaseball, and baseball was
every man's you know it was ohyeah, that's like an apple pie
and Chevrolet, but baseball ToAmerica, you know, oh yeah,
that's that's like apple pie andchevrolet, but baseball to
(15:20):
america, baseball.
Speaker 2 (15:21):
Back in the day, those baseball players were
playing professional sports, butthen they would go work at the
grocery store during the week,or they would still have a job,
yes, while they were stillplaying.
And it was just again.
It's very different now, ofcourse, the economy of sports.
Speaker 3 (15:40):
It is man.
Speaker 2 (15:41):
But you know again, it's changed the game, whether
it's baseball or basketball.
Whatever it is yes, Whatever itis, but it's fascinating Well.
Speaker 1 (15:50):
I'm glad to see on the collegiate level that they
are giving some of the playerscompensation.
Speaker 3 (15:58):
So when you're doing that, you're recognizing that,
wow, you're making all thismoney off these guys and these
girls I mean the girls'.
Speaker 2 (16:08):
sport has climbed the ladder so much.
Oh, it has I mean it's madeincredible progress.
Speaker 3 (16:13):
I was watching Southern Cal, who was number one
seed in the whole shebang, andthe young lady.
I mean she's tough but she gothurt and I don't know her status
.
I haven't heard anything, butshe's phenomenal man.
I mean she really can play thatbasketball.
Speaker 2 (16:34):
Wow, and I'm not sure I need to.
I should pull up.
I just had to pull up the.
I pulled up the men's, but Imean the women's tournament.
Speaker 3 (16:40):
Oh yeah, you got Carolina, you got Duke.
You got Notre Dame it seemedlike it's four of them and North
Carolina State and the Sweet 16and the ladies.
It's pretty good, greatrepresentation.
Speaker 2 (17:00):
Texas Tech and Florida, belmont and James.
Ladies, it's pretty good, greatrepresentation Texas Tech in
Florida, belmont and James.
Madison, gonzaga, minnesota,portland, villanova.
Tomorrow Carolina and Duke.
That's right it sure is In theSweet 16.
Who does State play?
I've got to still get thatinformation here.
South Carolina and Marylandplay, nc State plays LSU and LSU
(17:24):
has a longstanding program?
They sure have yes, ole Missplays UCLA.
It's again a great time of year.
The basketball is a nicedistraction.
Speaker 3 (17:34):
Yes it is you know even the things in life that
matters.
You can find comfort sometimein watching a basketball game.
Yes, enjoy those moments, ohyeah.
Speaker 2 (17:49):
Again.
Tippy always grateful for theconversation.
You as well, nora, this is myfavorite time of year in.
March, spring is here.
Go, basketball, basketball.
And then, 1st of April, theMasters tournament.
Speaker 3 (18:03):
Time what they say time marches on.
Speaker 2 (18:05):
Time marches on and again the community that we're
in, and there are moments thatwe can enjoy, for sure in spite
of all the challenges we face.
So you're grateful for theconversation, for our listeners.
We have fun here on this liveradio program WHAP every
Thursday morning, right afterthe 10 o'clock news Every Friday
(18:26):
morning.
By the way, we're here for theHometown Heroes series Every
Friday morning at 845.
Tomorrow morning we're havingManna Food Bank, now located in
Mills River.
You know Manna is a privatenonprofit organization that
serves 16 counties in westernNorth Carolina and they link the
food industry with over 200partner food pantries to get
(18:48):
food to thousands of families'tables.
You know Hurricane Helenedestroyed their headquarters in
Asheville.
Now they're in Mills River.
We have Micah Chrisman who'srepresenting man of Food Bank
tomorrow morning as our HometownHero series tune in tomorrow
morning.
Tomorrow morning for ourHometown Hero series.
And if you know someone that'smaking a difference in the
(19:09):
community like to nominate,recommend, have them come out.
We'd love to have theconversation, give them time and
share about what's going on intheir world and in their story.
And again, it's just, it'spowerful.
I mean, we know life ishappening and real estate is a
part of life, but you know wewant to.
Our community is incredible howwe've been able to.
(19:31):
We've walked through so muchwith the hurricane and now the
fires.
But again, our life ishappening every single day and,
you know, one person'schallenges might be different
than another person's challenges, but it's, you know, it's.
Everybody's got a story andwalking through something.
So, again, be kind, be kind toone another, be kind to yourself
, as, as you walk throughwhatever you're facing, and
(19:51):
again, the, the, the, there'sthe beautiful moments in life,
um, the, you know.
And again, tippi and Idigressing, talking about
basketball, which is soenjoyable, and then again,
people facing so much.
There was an article I sawactually I don't know if this
was yesterday or today, buttalking about the real estate
market and the title of thearticle by the Wall Street
(20:12):
Journal was this four bedroomranch in New Jersey tells you
everything about the lopsidedhousing market.
Tells you everything about thelopsided housing market.
It said the Northeast has tonsof demand and low supply, but
parts of the Sunbelt are seeinga flood of houses for sale, and
so two houses went on the marketfor similar prices.
The article says, about thesame time earlier this year, one
got 25 offers, the other gotnone.
(20:35):
And of course there's othervariables that determine demand,
the condition of the house tothe price, to the, you know.
But the factor, one majorfactor is the geography where
it's located.
The Northwest and Midwestmarkets have far more
prospective buyers and availablehomes.
But parts of the Sun Belt thearticle says I'm quoting from
(20:56):
the article the parts of theSunbelt are seeing a flood of
houses for sale.
And so, like this is theexample that the article talks
about the divergence is playingout in places like New Jersey,
where four bedroom ranch was onthe market for just over a week
in early February with dozens ofoffers.
The winning buyers contractedto buy for about $200,000 above
(21:21):
the roughly $1.1 million askingprice.
But in Miami, a six-bedroom witha grand staircase and a pool
sat on the market for nearly twomonths without a firm offer.
The sellers cut the price by$9,000 to $990,000.
By $9,000 to $990,000.
(21:44):
And so again the quote thereare very different realities for
sellers depending on location,said Kara Lavender, research
manager at John Burns Researchand Consulting.
So for the past few yearsnearly every market was hot and
there were a few deals to befound.
Per the article.
Now many of the markets thatrose fastest are the ones
cooling the most and so if thatweakness spreads more broadly
across the housing market itcould drag, per the article, on
(22:07):
a US.
It could be a drag on the USeconomy that has lately been
slowing and so in the articletalks about.
In South Florida, builders aredangling significant incentives
to sell newly built homes.
Investors, second homeownersand retirees are putting homes
on the market to escape stormdamage.
Rising insurance rates,lavender said some 78% of real
(22:30):
estate agents may say sellers ofexisting homes outnumber buyers
out there.
According to the surveyconducted in March.
In the Northeast newconstruction is constrained by
land availability and zoninglimitations.
Many would-be sellers areputting off sales to hold on to
lower mortgage rates, they said.
(22:50):
81% of agents there said buyersoutnumber sellers.
Again, very different.
Two tails right.
So every local housing marketis different.
I've shared what's happeninghere locally.
You know our average singlefamily home price in Henderson
County is over.
It was right at $550,000.
We continue to see, you know,strong demand here.
(23:14):
The last two years we've beenholding on.
You did see in 2021 the numberof homes sold in Henderson
County was over 2,100 homes in2021.
Single-family homes 2,100.
2,106, actually divided by 12.
That's 175 single-family homeswe were averaging in 2021.
(23:37):
2,100 plus homes, 175 a monthselling.
In 2022, that number jumpeddown to 1,700 over the 12-month
period.
That drops it down to averageof 142 a month.
The last two years, 2023 and2024 in Henderson County we've
dropped down to 1,440 homes,really within a couple homes per
(24:04):
year.
So we're averaging 120 homes amonth selling in Henderson
County.
The interesting thing is inJanuary and February this year
we had a 6% increase, not inprices but in the demand.
There were 6% more homes soldthis January February than the
previous January February.
But for 2024 to finish up stillat 1400 homes sold, which was
(24:29):
just as many.
Actually there was five morehomes.
There was five more homes soldin 2024 than in 2023 in
Henderson County and that's inlight of that hurricane.
So maybe again we're expectingand we're already seeing January
February this year increasethis year compared to the
(24:52):
previous January February.
But we have low inventorylevels here locally and that's
why our prices are holding.
Our average single family homeprice in Henderson County is
holding around that $550,000price range.
So we continue to see thedemand.
Prices are holding.
Inventory levels are low.
(25:14):
We still have around athree-month inventory here in
Henderson County and we seeacross all price points.
Again, it was interesting tolook at the article when it was
comparing Florida to theNortheast.
Again we are seeing.
You know now this isinteresting.
You know, again, nationally.
(25:35):
Nationally, the home salesticked up in February and then
prices kept climbing.
A measure of this is, per thearticle that I was referencing,
a measure of prices across 20cities rose 4.7% from a year
earlier.
In January New York had thehighest gain at 7.7%.
(25:57):
Highest gain at 7.7%.
Prices in Tampa fell 1.5%.
So again, this is just reallyfascinating.
Every local market housing isdifferent, but again it's just
different across the country.
The state with the fastestmoving market in February was
(26:17):
Rhode Island, where the medianhome sat on the market for 37.5
days.
The slowest moving market inthe United States was Montana at
108 days on the market.
Again, just giving some contexton what's happening locally
versus what's happeningnationally.
(26:39):
And so you know, locally heredays on market has been
increasing.
I mean it was in the 30s andthen 40s and then we're
approaching average 50 days onthe market, which again nothing.
That's still very good, by theway.
(26:59):
So the average excuse me, thenumber of active single-family
homes on the market in HendersonCounty as of this morning 425
active single-family homes onthe market.
The average available price ofwhat's available is at $799.
The average price sold over thelast 12 months is at $548.
Again, the market continues tomove, strong demand and, like I
(27:22):
said, this January, february wesaw an increase in the number of
homes selling.
So so you know, if we'reaveraging 125 homes a month
selling and there's 425available, we have a 3.4 month
supply.
It's still considered aseller's market and we see that.
We, we see that here, locallyin it.
By the way, the way the price iseverything, the condition is
everything, the location it'sthese three factors price,
(27:45):
condition and location.
And in our market we see homesthat have sat on the market and,
guess what?
They've chased the price down.
The fascinating thing is andthis happened we had a seller
that wanted to test out a higherprice.
They dropped the price and it'sso interesting, when that price
got down to what we call it,it's fighting weight, I mean
(28:07):
price more appropriate to themarket and this home was on the
market for five months and itpriced higher originally and
then, when it dropped down tothe price that was appropriate
to the market and the conditionand the location, out of nowhere
which it wasn't out of nowhere,but when it was priced
correctly, it ended up gettingmultiple offers.
In the last seven days inHenderson County, there has been
(28:28):
46 new listings.
There's been 36 pricereductions.
There's been 36 new listings.
There's been 40, 40 homes gounder contract in the last seven
days in Henderson County andthere's been 29 homes closed
single family homes.
This is again just a seven daysnapshot in Henderson County.
So again, it's a healthy market.
(28:50):
The markets are very local andwe also know real estate is
driven by what's going on inyour life and it could be a
really positive reason whyyou're buying or selling.
It could be a challengingreason, but we'd love to have
the conversation.
Give us a call at 828-393-0134,george Real Estate Group.
You can find us online atrealestatebygregcom.
You can also follow us onsocial media Facebook and
(29:11):
Instagram.
We also podcast all of ourradio shows.
You can find it on yourfavorite podcast platform.
We're so grateful.
We have a lot of activity, wehave a lot of momentum.
We have incredible agents.
If you've thought about a careerin real estate, we'd love to
have the conversation.
If you thought about investingin real estate or maybe you're
trying to decide what to do withyour portfolio of real estate,
(29:32):
maybe you are ready to move intoa more active investment excuse
me, move from an activeinvestment to a passive
investment, and it's still realestate, but something that's
just mailbox money.
We have options andopportunities and solutions for
you.
If you want to talk aboutavoiding capital gains, if you
want to talk about you know,maybe you want to consider
giving to nonprofits with yourreal estate.
(29:52):
I mean, we have so manysolutions that we can discuss
and we can help you with.
We'd love to have theconversation.
Some new listings that we haveis 675 Foster Hill Drive in
Hendersonville year-round,long-range views, a
million-dollar views.
This home, four acres, is only$569,000.
Another home we just have onthe market in Rutherfordton 130
(30:14):
Fairway Drive, 395, beautifulhome, 2,500 square feet.
A lot of home for the dollarthere.
Another property that we haveon the market is 873 Indian Hill
Road for $849.
Such an incredible remodel homein Indian Hills.
We have an office for sale at1612 Asheville Highway, suite 4.
(30:36):
This is a great deal.
This is a turnkey office andyou can literally walk in and
start your business whateverprofessional services you have
there.
It says three offices plus awaiting room, plus a kitchen and
bathroom.
It's right next to the baker'sbox.
Only $260,000 for this office.
It's a great setup.
(30:56):
Again, just different samples ofthe listings that we have, the
inventory we have.
If you want to go torealestatebygregcom you can see
all of our listings, all of ourinventory.
But we're so grateful, againgrateful to be here serving the
community through real estate.
If you thought about a careerin real estate, I know a lot of
people are facing challenges butwe are thriving, we're growing.
We have helped more people thisyear than we did already last
(31:17):
year, year to date.
When we look at the numbers andwe're so excited and if it's
whether it's, you know, singlefamily homes or a condo, or
townhomes or raw land or acommercial investment, we'd love
to have the conversation.
Give us a call, 828-393-0134.
Find us online atrealestatebygregcom.
Stop by our office.
We'd love to have theconversation.
(31:39):
But again, we're here.
Every Thursday morning there'ssome live radio for you.
The technology challenges, butit's okay, we're here.
Thank you so much for tuning in.
That's our new ad we're runningand again, I hope that makes
sense and have a wonderful day.
Again, our thoughts and prayersfor our community.
Tune in tomorrow morning at 845.
Enjoy that basketball today.
(31:59):
Basketball.
Speaker 3 (32:00):
Joe have a great day.
Speaker 2 (32:02):
And again, praying for our community.
Life has a way of throwing usinto deep waters when we least
expect it.
Dr Robin Hainley-Defoe knowsthis firsthand.
One winter day, her car skiddedon ice and plunged into a
(32:22):
freezing river, trapped insinking darkness, she had
seconds to act.
But instead of panicking, shereminded herself I can do hard
things.
She stayed calm, found a wayout and survived.
At the George Real Estate Group, we know that buying or selling
a home can feel like thatmoment Overwhelming, uncertain,
(32:45):
maybe even a little scary.
But here's the thing you can dohard things and you don't have
to do them alone.
With decades of experience,we're here to guide you every
step of the way, turningchallenges into opportunities.
So if you're thinking aboutmaking a move, let's do it
together.
Call the George Real EstateGroup today, because when it
(33:06):
comes to your future, you'restronger than you think.
Speaker 1 (33:09):
Thank you for listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
For more industry news updatesand real estate tips, you can
reach Greg, the George RealEstate Group, at 828-393-0134 or
at realestatebygregcom.
Welcome to the George Real Estate Group podcast
hosted by the George Real EstateGroup.
This is the George Real EstateGroup radio, broadcast on WHKP
Radio in Hendersonville, northCarolina.
It's been heard for over 10years on WHKP 107.7 FM, whkp AM
(00:21):
1450, and WHKPcom each Thursdaymorning at 10.05.
These radio programs reach thelocal population of beautiful
Hendersonville and HendersonCounty, north Carolina.
Each week.
The show provides real estatenews and trends in our region.
(00:41):
Let's listen in on this week'sshow.
Speaker 2 (00:46):
Good morning and welcome to the George Real
Estate Group live radiobroadcast here on WHKP every
Thursday morning sharing youpositive news about your local
real estate market and community.
Whoops, we got this thingrunning again here, but just so
grateful to be here with youevery Thursday morning, here
sharing with you positive news.
I mean our community issuffering right now.
(01:09):
We just want to acknowledge thefires that our families are
facing and all that, you know,six months from the hurricane,
and I mean just a lot to process.
So certainly want toacknowledge and give space and
our thoughts and prayers andcertainly our concern.
And you know, we're so gratefulfor our law enforcement, we're
so grateful for our firstresponders, our firefighters.
(01:31):
I mean, uh, you know there's somuch work being done.
You know, and it's and it's asignificant I heard it was the
number one, um, you know, numberone fire priority in the united
states.
I just recently heard that andt.
I know you guys are doing allthese announcements and you know
the public serviceannouncements and the different
(01:51):
evacuation maps and beingprepared.
There's just a lot going onright now.
Speaker 3 (01:58):
Well, I want to commend our Henderson County
Board of Commissionerscommunication chief.
I said his title wrong theother day.
He said Timmy, don't give me anew title, but I'm talking about
Mike Morgan.
Mike has been so instrumentaltrying to get the information to
the outlets like HKP and TZQand all other outlets as well,
(02:22):
and all other outlets as well.
But he's doing a bang-up joband I commend him getting the
information out so we can get itout to the public as well.
Speaker 2 (02:31):
Yeah, it's a lot.
Speaker 3 (02:32):
It's a lot to process and.
Speaker 2 (02:34):
I know families are having to evacuate certain areas
.
We, even some of our agents,had to get out of their homes in
some of the areas that arebeing evacuated and we even as a
company, had a client that hada home under contract near Lake
Adger and we were supposed toclose in a few weeks, right and
(02:57):
the home ended up burning to theground and the sellers were so
fortunate to get out with theirlives, that's right.
That's the most important thingOf course, but I mean just, it's
sobering and it's and it hitshome.
And again, you know, ourcommunity is faced so much, you
know, with the hurricane and therecovery, and then it just
feels like wow, I mean when?
Speaker 3 (03:18):
when we get a, when we when will we get a break?
Speaker 2 (03:21):
When will we get a break?
When will we get a break?
I don't have anything to verifythis, but I'd heard.
You know.
Cnn was apparently down on MainStreet of Saluda this morning.
Speaker 3 (03:31):
Good morning America In Asheville.
Speaker 2 (03:33):
I mean like again, it's fascinating.
Yeah, it is, because as we livehere.
Speaker 3 (03:40):
We don't realize, because my aunt called me out of
Michigan a couple of nights andshe said Tim, I didn't realize
what y'all were going through.
It's on the national news.
Yes it is, and she said I'll bepraying and that's what we need
the most.
Speaker 2 (03:56):
Certainly and again, we do need to pray pray for our
community, pray for thosefighting.
Speaker 3 (04:01):
Oh yeah, the people behind the scene, the ones that
do the really hard work tryingto put out these fires, though,
and we just got to be reallyconscious of where we go in
these senses.
We can't burn.
We got a burning band, so wecan't burn, but the wind has
(04:22):
been up.
Speaker 2 (04:24):
We do need to pray for rain, but again, that's
where you follow the socialmedia accounts of the local
government the local newsoutlets like WHKP Right, you
know, follow the localgovernment outlets.
Speaker 3 (04:39):
Right.
Speaker 2 (04:40):
And again for the reports and the news and the
evacuation.
They did an incredible job.
There was an interactive mapthat Henderson County put out,
that was so helpful putting thedifferent zones together,
whether it was a green zone, ared zone, a yellow zone, and
it's just hard to comprehend.
I mean it hits home here.
Speaker 3 (05:02):
Marcus Jones as well.
I mean, I can name quite a fewof them, but I've talked to
Marcus a lot, and, and as wellas Mike Morgan, but there's a
lot of things that's going onbehind the scenes to make
everything possible for us toget the news out to people that
needs to hear it.
Speaker 2 (05:22):
Yeah, and again, everything from evacuation
routes to being prepared withemergency kits, to staying
informed on the officialchannels Again there's.
And then where the shelters areand where the aid stations are,
and again it's just.
And you see neighbors helpingneighbors, you see the community
coming together and again it'sthe resilience that our
community, we're going to getthrough this again and it will.
(05:43):
Again it's just a lot toprocess.
So I mean, all these things arehappening and again it puts
things in the perspective.
It does I mean, and again we, itcan't, and I've this has
actually been a theme I've beensharing and talking about but
again, we can't control thethings that happen to us, but we
get to decide how we respond,how we.
But we get to decide how werespond, how we.
(06:04):
And we get to decide whatthings mean and, uh, you know
what are their silver linings,or you know the again the things
happen, but until we assignmeaning to it, it's just things
are happening, but we get, weget to decide how to respond to
things and and the, thechallenges of life, and and and
again, all those things that andno one's immune to any of it.
You think you hear about thesestories you heard about it's
(06:26):
like we hear about the storiesin Cal, the fires in California.
Speaker 3 (06:30):
And then you know oh it won't.
Speaker 2 (06:31):
I mean who'd have thought right?
I mean like I mean here we arein our small town and there's
fires happening here.
Speaker 3 (06:38):
I always think about that picture that they showed of
the landscape in California.
Oh yeah, that the devastation,devastation man.
So we must realize that somethings happen for reasons too
yes, that we don't know aboutand we don't know yeah so the
challenge is well is that seehow we persevere yes, and how we
(07:00):
respond to it, right it's it'sinteresting.
Speaker 2 (07:03):
I actually um, it reminds me of a book I was
recommended and read by BillPerkins, and it's interesting.
And you might say, what am Itrying to do to connect these
books?
But the book's called Die WithZero.
But the point is, none of uscan take anything with us
anyways.
No, we can't.
And especially, I think aboutthese sellers that literally
(07:26):
escaped with their lives and theshirts on their back and their
dogs.
Again, it puts things in theperspective as to what end is.
Obviously, we're all working,we're striving, we want to take
care of our family, we want totake care of our kids.
We want to take care of ourgrandkids.
It's interesting care of ourkids, we want to take care of
our grandkids, and you know it's.
It's interesting.
This book talks about, you know, living your life, but
(07:47):
maximizing your experiencesrather than hoarding money or
you know to what end.
Right again it's.
It's, the book reallychallenges the traditional
mindset of wealth accumulationand and again, when you, when
you, when you lose everything,it really puts things in the
perspective as to, I mean, mean,what's important in life, right
(08:07):
, our priorities.
Speaker 3 (08:09):
We're a little specks upon Mother.
Earth.
Oh yeah, I'll never forget whenI first flew to Orlando Florida
Never flown before in my lifeand my wife asked me because she
had flown a couple of times andshe kept asking me.
She said are you all right?
And I wasn't, but I told her, Iwas.
(08:29):
And Norm, when I looked down toMother Earth and I said, wow
we're on these specks.
Speaker 2 (08:37):
We are so small.
Speaker 3 (08:39):
We are just small like a mustard seed.
Yeah, I mean it's amazing,don't you think?
Speaker 2 (08:43):
Well, well, they talk about the, the effect that the
uh astronauts experience whenthey're up in space.
Oh, I can imagine there's.
There's an effect they talkabout, that they come away with
this perspective of just this.
It's for their mind tocomprehend how small we are,
that's right man and again, it'sback to perspective and it also
puts things in the perspectivewith our own, our own challenges
(09:06):
and our own problems that weface.
Actually, another quote that Isaw recently as to our
perspective on life, and a guynamed Peter Cundill said the
power of perspective, said thepower of perspective.
(09:29):
I think it may be easier to seesolutions if you can
distinguish between context andcontent, if you can place a
problem when the within theframework of the larger universe
, its dimensions are put intoperspective and automatically
diminish, wow.
So again, you put things in theperspective and and again, what
, what's really important andand to what end.
Right Again, and even back tothat book, the, the die was zero
(09:52):
.
Again, just, you know how we,how we use our resources, how we
spend our money, I mean beforewe die.
I mean, to what end?
Is it to accumulate all thiswealth and not use it for good,
or use it for your family, or toyou know, again, it's it's um,
using a, using your money tocreate well, to make an impact
in the community, to to creatememorable experiences, uh, in,
(10:14):
in with your family and your, inyour, in your children.
And again, you know, we all,all of us with life have to
decide between.
You know we have.
We have really three resourceswe have time, we have our health
and we have money.
And so when you're young, youhave time and health, but less
money.
Speaker 3 (10:34):
That's right, you're just playing along.
Speaker 2 (10:36):
That's right.
In your midlife you have moneyand health, but less time.
Imagine all the time raisingyour kids.
And then, when you're older,you have money and time, but we
have our declining health.
And so, again, it's the it's.
It's how we use our, ourresources in the right time of
life to maximize the enjoymentwhile still healthy enough to,
(10:58):
you know, experience things.
So again it's, you know, it'sinvesting in in our experiences.
It's investing in, in givingback to the community, our
community that we live in.
Again, these fires put thingsinto perspective.
Speaker 1 (11:12):
It does.
Speaker 2 (11:13):
You think your problem?
Maybe you have a flat tire.
Today Someone else is literallywondering if their home is
going to survive or not.
Speaker 3 (11:22):
Well, one good note.
Speaker 2 (11:23):
Tell us some good news.
Is that the NCAA Home's goingto survive or not?
Well, one good note Tell ussome good news.
Speaker 3 (11:25):
Is that the NCAA?
Speaker 2 (11:28):
I was wondering how we were going to change the
conversation.
Speaker 3 (11:32):
But you know, we have good things in life and we have
bad things in life.
Speaker 2 (11:37):
Well, two things can be true at the same time.
That's right.
Two things can be happening atthe same time, right.
And again, there's suffering inthis world and challenges in
this world at the same time, andthat's why I've even said about
real estate.
Real estate does happen aroundlife.
It can be a really beautiful,positive experience, while maybe
someone's buying or selling,but there's also challenges that
(11:58):
people face.
It could be a death of a lovedone, or a divorce or a job loss,
and so real estate, yourdecisions to do real estate for
you might be different thansomeone else's, and you know,
again, all of us areexperiencing this life with
different set of circumstancesand but we all get to decide
what things mean.
But back to the uh, the, the,the ncaa at the same time 16.
Speaker 3 (12:22):
we basketball going on, we got a basketball, jones A
basketball.
Speaker 2 (12:26):
This is the time of year that Tippy and I like to
have the conversation Again,want to give space to what was
going on, certainly in ourcommunity.
But tonight BYU is playingAlabama, and then Maryland's
playing Florida, and thenArizona's playing Duke and then
Arkansas's playing Texas Tech.
I mean that's the games today,and then tomorrow there'll be
(12:49):
another round of basketball andwe've got to tip our hat to
Carolina.
I mean they did make it past.
Speaker 3 (12:58):
They won two games in the tournament.
Speaker 2 (13:01):
But I will tell you and again I appreciate, tippy,
your perspective this morningyou said I gotta acknowledge
when it's good regardless of theteam.
Speaker 3 (13:10):
I love the game.
So the game is not only justconsists of one team, it's the
best team.
And I must tip my hat off tothe Dukies man.
And you know what's so funny?
My brother-in-law was up herefrom Atlanta yesterday and he
took me to the Dukies man.
And you know what's so funny?
My brother-in-law was up herefrom Atlanta yesterday and he
took me to the drugstore and I'dstart talking about Duke.
(13:31):
He said well, bro, you know I'ma Dukie man.
I said well, why Carolina stuff?
Then he said well, that's mystate, oh, interesting.
I said okay.
Speaker 2 (13:44):
I get it.
He must have be known he'ssupporting.
Speaker 3 (13:47):
Carolina.
Yeah, North Carolina is hishome, but his team is Duke.
You didn't know that?
No, I didn't know it.
I said let me out the car.
Speaker 2 (14:00):
He finally told you.
Speaker 3 (14:01):
He finally told me, and I told him.
I said well, look man, I mustsay, as we talked about before
Flag is a specimen that youdon't see From Maine, From Maine
.
He was watching somebody'stalent?
Yeah, he had.
I would love to ask him thatquestion who did you study
(14:24):
playing?
Speaker 2 (14:25):
basketball.
Maybe we can get him on theradio.
Oh man, you know, we never knowwho's listening.
You make a phone call, right?
Yeah, that's what.
Speaker 3 (14:31):
I mean, but you know, you don't see, those specimens
come around too often.
No, and I hope he has a greatcareer because what he's already
done as a freshman- yeah.
And everybody said, oh, hemight come back.
He said he might come back, buteven personally I don't think
he should come back.
Speaker 2 (14:51):
Well, even Coach K I think I saw in an article said
listen, this is life-changingmoney.
Speaker 1 (14:56):
Go on.
Speaker 2 (14:57):
Take advantage of it I mean, how often does that
happen?
Speaker 3 (15:00):
But you know, what was sad about that is that a lot
of kids want to enjoy that.
Well, the game has changed.
Yeah, it has, man Well, who?
Was I talking to recently aboutbaseball, and baseball was
every man's you know it was ohyeah, that's like an apple pie
and Chevrolet, but baseball ToAmerica, you know, oh yeah,
that's that's like apple pie andchevrolet, but baseball to
(15:20):
america, baseball.
Speaker 2 (15:21):
Back in the day, those baseball players were
playing professional sports, butthen they would go work at the
grocery store during the week,or they would still have a job,
yes, while they were stillplaying.
And it was just again.
It's very different now, ofcourse, the economy of sports.
Speaker 3 (15:40):
It is man.
Speaker 2 (15:41):
But you know again, it's changed the game, whether
it's baseball or basketball.
Whatever it is yes, Whatever itis, but it's fascinating Well.
Speaker 1 (15:50):
I'm glad to see on the collegiate level that they
are giving some of the playerscompensation.
Speaker 3 (15:58):
So when you're doing that, you're recognizing that,
wow, you're making all thismoney off these guys and these
girls I mean the girls'.
Speaker 2 (16:08):
sport has climbed the ladder so much.
Oh, it has I mean it's madeincredible progress.
Speaker 3 (16:13):
I was watching Southern Cal, who was number one
seed in the whole shebang, andthe young lady.
I mean she's tough but she gothurt and I don't know her status
.
I haven't heard anything, butshe's phenomenal man.
I mean she really can play thatbasketball.
Speaker 2 (16:34):
Wow, and I'm not sure I need to.
I should pull up.
I just had to pull up the.
I pulled up the men's, but Imean the women's tournament.
Speaker 3 (16:40):
Oh yeah, you got Carolina, you got Duke.
You got Notre Dame it seemedlike it's four of them and North
Carolina State and the Sweet 16and the ladies.
It's pretty good, greatrepresentation.
Speaker 2 (17:00):
Texas Tech and Florida, belmont and James.
Ladies, it's pretty good, greatrepresentation Texas Tech in
Florida, belmont and James.
Madison, gonzaga, minnesota,portland, villanova.
Tomorrow Carolina and Duke.
That's right it sure is In theSweet 16.
Who does State play?
I've got to still get thatinformation here.
South Carolina and Marylandplay, nc State plays LSU and LSU
(17:24):
has a longstanding program?
They sure have yes, ole Missplays UCLA.
It's again a great time of year.
The basketball is a nicedistraction.
Speaker 3 (17:34):
Yes it is you know even the things in life that
matters.
You can find comfort sometimein watching a basketball game.
Yes, enjoy those moments, ohyeah.
Speaker 2 (17:49):
Again.
Tippy always grateful for theconversation.
You as well, nora, this is myfavorite time of year in.
March, spring is here.
Go, basketball, basketball.
And then, 1st of April, theMasters tournament.
Speaker 3 (18:03):
Time what they say time marches on.
Speaker 2 (18:05):
Time marches on and again the community that we're
in, and there are moments thatwe can enjoy, for sure in spite
of all the challenges we face.
So you're grateful for theconversation, for our listeners.
We have fun here on this liveradio program WHAP every
Thursday morning, right afterthe 10 o'clock news Every Friday
(18:26):
morning.
By the way, we're here for theHometown Heroes series Every
Friday morning at 845.
Tomorrow morning we're havingManna Food Bank, now located in
Mills River.
You know Manna is a privatenonprofit organization that
serves 16 counties in westernNorth Carolina and they link the
food industry with over 200partner food pantries to get
(18:48):
food to thousands of families'tables.
You know Hurricane Helenedestroyed their headquarters in
Asheville.
Now they're in Mills River.
We have Micah Chrisman who'srepresenting man of Food Bank
tomorrow morning as our HometownHero series tune in tomorrow
morning.
Tomorrow morning for ourHometown Hero series.
And if you know someone that'smaking a difference in the
(19:09):
community like to nominate,recommend, have them come out.
We'd love to have theconversation, give them time and
share about what's going on intheir world and in their story.
And again, it's just, it'spowerful.
I mean, we know life ishappening and real estate is a
part of life, but you know wewant to.
Our community is incredible howwe've been able to.
(19:31):
We've walked through so muchwith the hurricane and now the
fires.
But again, our life ishappening every single day and,
you know, one person'schallenges might be different
than another person's challenges, but it's, you know, it's.
Everybody's got a story andwalking through something.
So, again, be kind, be kind toone another, be kind to yourself
, as, as you walk throughwhatever you're facing, and
(19:51):
again, the, the, the, there'sthe beautiful moments in life,
um, the, you know.
And again, tippi and Idigressing, talking about
basketball, which is soenjoyable, and then again,
people facing so much.
There was an article I sawactually I don't know if this
was yesterday or today, buttalking about the real estate
market and the title of thearticle by the Wall Street
(20:12):
Journal was this four bedroomranch in New Jersey tells you
everything about the lopsidedhousing market.
Tells you everything about thelopsided housing market.
It said the Northeast has tonsof demand and low supply, but
parts of the Sunbelt are seeinga flood of houses for sale, and
so two houses went on the marketfor similar prices.
The article says, about thesame time earlier this year, one
got 25 offers, the other gotnone.
(20:35):
And of course there's othervariables that determine demand,
the condition of the house tothe price, to the, you know.
But the factor, one majorfactor is the geography where
it's located.
The Northwest and Midwestmarkets have far more
prospective buyers and availablehomes.
But parts of the Sun Belt thearticle says I'm quoting from
(20:56):
the article the parts of theSunbelt are seeing a flood of
houses for sale.
And so, like this is theexample that the article talks
about the divergence is playingout in places like New Jersey,
where four bedroom ranch was onthe market for just over a week
in early February with dozens ofoffers.
The winning buyers contractedto buy for about $200,000 above
(21:21):
the roughly $1.1 million askingprice.
But in Miami, a six-bedroom witha grand staircase and a pool
sat on the market for nearly twomonths without a firm offer.
The sellers cut the price by$9,000 to $990,000.
By $9,000 to $990,000.
(21:44):
And so again the quote thereare very different realities for
sellers depending on location,said Kara Lavender, research
manager at John Burns Researchand Consulting.
So for the past few yearsnearly every market was hot and
there were a few deals to befound.
Per the article.
Now many of the markets thatrose fastest are the ones
cooling the most and so if thatweakness spreads more broadly
across the housing market itcould drag, per the article, on
(22:07):
a US.
It could be a drag on the USeconomy that has lately been
slowing and so in the articletalks about.
In South Florida, builders aredangling significant incentives
to sell newly built homes.
Investors, second homeownersand retirees are putting homes
on the market to escape stormdamage.
Rising insurance rates,lavender said some 78% of real
(22:30):
estate agents may say sellers ofexisting homes outnumber buyers
out there.
According to the surveyconducted in March.
In the Northeast newconstruction is constrained by
land availability and zoninglimitations.
Many would-be sellers areputting off sales to hold on to
lower mortgage rates, they said.
(22:50):
81% of agents there said buyersoutnumber sellers.
Again, very different.
Two tails right.
So every local housing marketis different.
I've shared what's happeninghere locally.
You know our average singlefamily home price in Henderson
County is over.
It was right at $550,000.
We continue to see, you know,strong demand here.
(23:14):
The last two years we've beenholding on.
You did see in 2021 the numberof homes sold in Henderson
County was over 2,100 homes in2021.
Single-family homes 2,100.
2,106, actually divided by 12.
That's 175 single-family homeswe were averaging in 2021.
(23:37):
2,100 plus homes, 175 a monthselling.
In 2022, that number jumpeddown to 1,700 over the 12-month
period.
That drops it down to averageof 142 a month.
The last two years, 2023 and2024 in Henderson County we've
dropped down to 1,440 homes,really within a couple homes per
(24:04):
year.
So we're averaging 120 homes amonth selling in Henderson
County.
The interesting thing is inJanuary and February this year
we had a 6% increase, not inprices but in the demand.
There were 6% more homes soldthis January February than the
previous January February.
But for 2024 to finish up stillat 1400 homes sold, which was
(24:29):
just as many.
Actually there was five morehomes.
There was five more homes soldin 2024 than in 2023 in
Henderson County and that's inlight of that hurricane.
So maybe again we're expectingand we're already seeing January
February this year increasethis year compared to the
(24:52):
previous January February.
But we have low inventorylevels here locally and that's
why our prices are holding.
Our average single family homeprice in Henderson County is
holding around that $550,000price range.
So we continue to see thedemand.
Prices are holding.
Inventory levels are low.
(25:14):
We still have around athree-month inventory here in
Henderson County and we seeacross all price points.
Again, it was interesting tolook at the article when it was
comparing Florida to theNortheast.
Again we are seeing.
You know now this isinteresting.
You know, again, nationally.
(25:35):
Nationally, the home salesticked up in February and then
prices kept climbing.
A measure of this is, per thearticle that I was referencing,
a measure of prices across 20cities rose 4.7% from a year
earlier.
In January New York had thehighest gain at 7.7%.
(25:57):
Highest gain at 7.7%.
Prices in Tampa fell 1.5%.
So again, this is just reallyfascinating.
Every local market housing isdifferent, but again it's just
different across the country.
The state with the fastestmoving market in February was
(26:17):
Rhode Island, where the medianhome sat on the market for 37.5
days.
The slowest moving market inthe United States was Montana at
108 days on the market.
Again, just giving some contexton what's happening locally
versus what's happeningnationally.
(26:39):
And so you know, locally heredays on market has been
increasing.
I mean it was in the 30s andthen 40s and then we're
approaching average 50 days onthe market, which again nothing.
That's still very good, by theway.
(26:59):
So the average excuse me, thenumber of active single-family
homes on the market in HendersonCounty as of this morning 425
active single-family homes onthe market.
The average available price ofwhat's available is at $799.
The average price sold over thelast 12 months is at $548.
Again, the market continues tomove, strong demand and, like I
(27:22):
said, this January, february wesaw an increase in the number of
homes selling.
So so you know, if we'reaveraging 125 homes a month
selling and there's 425available, we have a 3.4 month
supply.
It's still considered aseller's market and we see that.
We, we see that here, locallyin it.
By the way, the way the price iseverything, the condition is
everything, the location it'sthese three factors price,
(27:45):
condition and location.
And in our market we see homesthat have sat on the market and,
guess what?
They've chased the price down.
The fascinating thing is andthis happened we had a seller
that wanted to test out a higherprice.
They dropped the price and it'sso interesting, when that price
got down to what we call it,it's fighting weight, I mean
(28:07):
price more appropriate to themarket and this home was on the
market for five months and itpriced higher originally and
then, when it dropped down tothe price that was appropriate
to the market and the conditionand the location, out of nowhere
which it wasn't out of nowhere,but when it was priced
correctly, it ended up gettingmultiple offers.
In the last seven days inHenderson County, there has been
(28:28):
46 new listings.
There's been 36 pricereductions.
There's been 36 new listings.
There's been 40, 40 homes gounder contract in the last seven
days in Henderson County andthere's been 29 homes closed
single family homes.
This is again just a seven daysnapshot in Henderson County.
So again, it's a healthy market.
(28:50):
The markets are very local andwe also know real estate is
driven by what's going on inyour life and it could be a
really positive reason whyyou're buying or selling.
It could be a challengingreason, but we'd love to have
the conversation.
Give us a call at 828-393-0134,george Real Estate Group.
You can find us online atrealestatebygregcom.
You can also follow us onsocial media Facebook and
(29:11):
Instagram.
We also podcast all of ourradio shows.
You can find it on yourfavorite podcast platform.
We're so grateful.
We have a lot of activity, wehave a lot of momentum.
We have incredible agents.
If you've thought about a careerin real estate, we'd love to
have the conversation.
If you thought about investingin real estate or maybe you're
trying to decide what to do withyour portfolio of real estate,
(29:32):
maybe you are ready to move intoa more active investment excuse
me, move from an activeinvestment to a passive
investment, and it's still realestate, but something that's
just mailbox money.
We have options andopportunities and solutions for
you.
If you want to talk aboutavoiding capital gains, if you
want to talk about you know,maybe you want to consider
giving to nonprofits with yourreal estate.
(29:52):
I mean, we have so manysolutions that we can discuss
and we can help you with.
We'd love to have theconversation.
Some new listings that we haveis 675 Foster Hill Drive in
Hendersonville year-round,long-range views, a
million-dollar views.
This home, four acres, is only$569,000.
Another home we just have onthe market in Rutherfordton 130
(30:14):
Fairway Drive, 395, beautifulhome, 2,500 square feet.
A lot of home for the dollarthere.
Another property that we haveon the market is 873 Indian Hill
Road for $849.
Such an incredible remodel homein Indian Hills.
We have an office for sale at1612 Asheville Highway, suite 4.
(30:36):
This is a great deal.
This is a turnkey office andyou can literally walk in and
start your business whateverprofessional services you have
there.
It says three offices plus awaiting room, plus a kitchen and
bathroom.
It's right next to the baker'sbox.
Only $260,000 for this office.
It's a great setup.
(30:56):
Again, just different samples ofthe listings that we have, the
inventory we have.
If you want to go torealestatebygregcom you can see
all of our listings, all of ourinventory.
But we're so grateful, againgrateful to be here serving the
community through real estate.
If you thought about a careerin real estate, I know a lot of
people are facing challenges butwe are thriving, we're growing.
We have helped more people thisyear than we did already last
(31:17):
year, year to date.
When we look at the numbers andwe're so excited and if it's
whether it's, you know, singlefamily homes or a condo, or
townhomes or raw land or acommercial investment, we'd love
to have the conversation.
Give us a call, 828-393-0134.
Find us online atrealestatebygregcom.
Stop by our office.
We'd love to have theconversation.
(31:39):
But again, we're here.
Every Thursday morning there'ssome live radio for you.
The technology challenges, butit's okay, we're here.
Thank you so much for tuning in.
That's our new ad we're runningand again, I hope that makes
sense and have a wonderful day.
Again, our thoughts and prayersfor our community.
Tune in tomorrow morning at 845.
Enjoy that basketball today.
(31:59):
Basketball.
Speaker 3 (32:00):
Joe have a great day.
Speaker 2 (32:02):
And again, praying for our community.
Life has a way of throwing usinto deep waters when we least
expect it.
Dr Robin Hainley-Defoe knowsthis firsthand.
One winter day, her car skiddedon ice and plunged into a
(32:22):
freezing river, trapped insinking darkness, she had
seconds to act.
But instead of panicking, shereminded herself I can do hard
things.
She stayed calm, found a wayout and survived.
At the George Real Estate Group, we know that buying or selling
a home can feel like thatmoment Overwhelming, uncertain,
(32:45):
maybe even a little scary.
But here's the thing you can dohard things and you don't have
to do them alone.
With decades of experience,we're here to guide you every
step of the way, turningchallenges into opportunities.
So if you're thinking aboutmaking a move, let's do it
together.
Call the George Real EstateGroup today, because when it
(33:06):
comes to your future, you'restronger than you think.
Speaker 1 (33:09):
Thank you for listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
For more industry news updatesand real estate tips, you can
reach Greg, the George RealEstate Group, at 828-393-0134 or
at realestatebygregcom.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com