June 16, 2025 • 27 mins
What truly drives our real estate decisions? Beyond interest rates and market cycles lies something far more powerful – our lives and the stories we're creating.
The George Real Estate Group shares fresh insights into Western North Carolina's shifting market dynamics, revealing both challenges and opportunities in this transitional period. With Henderson County's average home price holding at $538,000 and a 4.5-month supply of inventory, we're witnessing subtle but meaningful changes – more price reductions, longer days on market, yet surprisingly, slightly higher year-to-date sales compared to 2022.
Unlike the 2011 market crash where distressed properties dominated, today's market shows remarkable stability with less than 1% of homes in foreclosure or short sale status. This fundamental difference suggests resilience despite affordability challenges, yet requires strategic approaches for both buyers and sellers navigating this new landscape.
Most profoundly, this episode explores how our housing decisions connect to our deepest life values. Through a moving discussion of Bonnie Ware's book "The Five Regrets of the Dying," we examine how postponed dreams and misaligned priorities create the heaviest burdens at life's end. The most common regret? Not having the courage to live authentically rather than meeting others' expectations.
Whether you're considering downsizing to reduce maintenance, moving closer to family, or finally pursuing that dream location, the decision transcends market timing. Your home has a story – we'd be honored to help you tell it. Call us at 828-393-0134 for a pressure-free conversation about your unique situation, or visit realestatebygregcom to learn more about how we've helped over 1,500 families throughout Western North Carolina and upstate South Carolina find their perfect next chapter.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello friends, thank you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
radio broadcast here on thequeue every Monday morning,
(00:44):
sharing with you positive newsabout your local real estate
market and community.
So grateful to be here with you.
I hope you had a wonderfulFather's Day and just a
wonderful weekend.
So much to be thankful for,grateful, to spend time with the
family, and also we had theopportunity to celebrate my
father's birthday as well.
So, again, happy birthday to myfather.
Again.
So much to be thankful for,very grateful for him, and it
(01:08):
happens occasionally but hisbirthday falling on Father's Day
.
So it was a nice.
We had a lot of, just a lot ofquality family time together and
grateful to enjoy the familyover this Father's Day weekend.
And here we are, middle of Juneand, wow, time's flying.
You know, life's flying by.
I mean we are in well,technically not summer yet, but
(01:29):
I mean we're around the cornertechnically from summer, even
though kids are out of school.
And again, just so much to begrateful for.
If you're tuning in for thefirst time ever, welcome.
We're here every Monday morningright after the 9 o'clock news
sharing with you about the localreal estate market community,
and then sometimes we just havereflections about life.
We also love having ournonprofits visit us on the radio
(01:52):
program as well.
And again, also just trying toprovide clarity and perspective
on the real estate market,because the real estate market's
ever-changing.
Of course, if you look at themarket, there's always cycles.
Some cycles are longer thanothers and it does seem to be
that our market's shifting alittle bit and we'll talk about
that.
But there are just four cyclesof the real estate market.
(02:17):
There's the top of the market,there's a downturn, there's the
bottom of the market and thenthere's the recovery.
There's a downturn, there's abottom of the market and then
there's a recovery.
And you know, you don't knowwhen you're at the top until
things go down, and just likeyou don't know when you're at
the bottom until things startgoing up.
So you know it's in therearview mirror that you can
look back and see well, that wasthe top of the market or, oh,
(02:42):
that was the bottom of themarket.
Again trying to predict.
And you can't predict themarket.
You can't time the market, justlike you can't time the stock
market.
You can't time the real estatemarket.
And so the interest rates arethe interest rates.
Certainly, if we look over thelast 50 years, we're pretty
normal.
Of course, I'm sure it hurts alittle bit when you think about
(03:05):
those pandemic interest rateswhere I mean just artificial
really, in the sense of wherethe interest rates were and
those that took advantage ofthem took advantage of them and
so many people did refinance.
There's still a significantpart of the population that have
their home paid off, I mean,and that's where we see a lot of
(03:26):
, still a lot of cash buyershere locally and I think there's
a direct correlation to that.
But you know the interest rates, there is an ebb and flow of
the inventory and again back tothe cycles.
You know, I do think.
I do think the market isshifting.
We're seeing days on market alittle bit longer.
We're seeing more pricereductions.
We still are technically in aseller's market when you look at
(03:51):
the supply and demand.
And we'll dive into that andagain connect and we'll share
about what's going on herelocally and also talk about
what's going on nationally aswell.
But we're here every Mondaymorning.
Our real estate group, theGeorge Real Estate Group.
We've had the privilege and inmy career over 20 years having
my North Carolina broker'slicense have had the privilege
(04:13):
of helping over 1,500 familieswith their real estate needs,
whether it's been residentialhomes, rental homes, land or
commercial real estate.
We've had the privilege ofhelping so many clients navigate
through the buying and sellingprocess and providing clarity,
providing support, advocatingand facilitating the real estate
(04:34):
transaction.
And I say this a lot becauseit's so true.
Regardless of the prices,regardless of the market, real
estate happens around life.
It's a life-driven event and wesee that.
Maybe you're consideringdownsizing because you know just
where you're currently at istoo much to maintain, or maybe
you want to get closer to thegrandkids, or maybe you're
(04:55):
considering that move into theretirement community.
You know, whatever thatsituation is.
Again, there can be reallypositive reasons why you're
considering buying or sellingand we also have walked
alongside our clients throughthe very challenging reasons.
I mean there's so manychallenging reasons.
(05:19):
It could be the loss of a lovedone or a divorce or a job loss.
I mean life happens and so,again, there can be impacts to
why clients are consideringbuying and selling, or maybe
there's a different opportunity.
I mean there can be impacts towhy clients are considering
buying and selling, or maybethere's a different opportunity.
I mean there's so many reasonswhy people hire real estate
agents and we certainly can talk, we will dive into that as well
.
But we're here, we're located inFlat Rock.
We serve all of Western NorthCarolina and upstate South
(05:41):
Carolina.
We have agents that live in theupstate.
So we help our clients.
You know that are buying andselling in Spartanburg and
Greenville counties.
We are serving Western NorthCarolina.
You know Buncombe County,henderson County, you know
Haywood Polk, you knowTransylvania County.
You know we love helping ourclients navigate through the
buying and selling process andthe interest rates are the
(06:02):
interest rates.
The prices are the prices.
The inventory is inventory.
I mean the market continues tomove.
I mean currently, as of thismorning, we're averaging some
126 single-family homes a monthselling over the last 12 months
and there's been a slightincrease.
(06:22):
I mean there's been a handfulmore homes sold year to date
this year than last year just ahandful.
And the average single-familyhome price right now in
Henderson County is at $538,000,almost $539,000.
It did at one point earlierthis year peak up in the
$540,000s, the $550,000s.
That number has seemed to havecome down.
(06:45):
As of this morning.
There's only 574 activesingle-family homes on the
market.
We have a four-and-a-half-monthsupply.
That number does seem to go up.
And when I put it into context,the economists say a six-month
supply is considered a balancedmarket.
(07:06):
Less than six months isconsidered a seller's market.
More than six months isconsidered a buyer's market, and
for very simple terms.
I mean if you had aneighborhood that was averaging
one home a month selling, butthat's where they would say if
they're averaging one home amonth selling in a particular
(07:26):
neighborhood and there was fourhomes available, you have a
four-month supply.
It would take four months toexhaust the inventory in that
neighborhood.
Conversely, if you had eighthomes available in that
neighborhood and you'reaveraging one a month, that
would mean it had an eight-monthsupply, a six-month supply of
inventory in any givenneighborhood or community or
(07:47):
price range or, you know, county, I mean that's and we can look
at the what's called theabsorption rate.
We can look at the supply anddemand and we do look at this in
regards to price points and inregards to locations.
You know, differentneighborhoods can have different
market dynamics and again, sowe.
(08:07):
But when you look at HendersonCounty right now, overall we
have a four and a half monthsupply.
So technically it's still in aseller's market.
Now we are seeing, we are seeingmore price reductions happening
.
I mean the market is softening.
We're seeing days on marketdays increasing days on market,
(08:30):
the number of days it takes tosell.
But just in the last seven daysin Henderson County there's
been 41 new listings, 61 pricedrops.
There is a thing called back onthe market.
That means buyers change theirmind for whatever reason.
Buyers during the due diligenceperiod.
They're not obligated to buy,just like sellers are not
(08:52):
obligated to make any repairs ordo anything.
But in the last seven daysthere was 15 homes that went
back on the market.
Also, the good news is therewas 39 homes went under contract
in the last seven days and then33 homes closed.
But when you look at in sevendays, the last seven days 41 new
listings and 39 homes wentunder contract.
(09:13):
That's pretty even in the senseof as many homes are hitting
the market as they're also goingunder contract.
Not exactly the same 41 homes.
I mean, obviously we can seethere were 61 homes that had
price adjustments, that hadprice adjustments.
But you know the cycles of themarket that we've lived in and
(09:35):
have experienced.
I mean you know our marketreally peaked out in 2007, 2008.
And then it bottomed out in2011.
I mean it didn't take very longand there was a lot of reasons
for that.
I mean the inventory levelswere just.
I mean we had at some pointsand in some price points we had
a two to three year supply ofinventory, a two to three year
(10:00):
supply of inventory, and that'swhy prices were so impacted and
again, people were upside downin their home.
The other thing to note, thedifference between this market
versus the previous markets thatwe've experienced is that we
have less than 1% of our homesare distressed, and when I say
distressed, when we talk aboutforeclosures or short sales,
(10:22):
less than 1% of our markets inthe market in the country are
distressed versus in 2011, itwas up to 40% were distressed,
meaning again foreclosures orshort sales.
It's not the same market butagain, we still have low
inventory levels and that's whyprices are holding.
(10:43):
And then we have theconversation about affordable
housing.
I mean, there's certainly aneed for affordable housing here
locally and we've seen that.
We've discussed that.
There's certainly differentthings that contribute to that
the cost of land, the cost ofbuilding, the cost of borrowing
money, and we're going to seehow that plays out.
But currently where we're at,the average single family home
(11:05):
price in Henderson County overthe last 12 months is at
$538,000.
At 538.
There's currently 574 availableand we're averaging some 126
single-family homes a monthselling.
So interesting market thatwe're in.
But just for context, this yearI mean just to give you some
comparison we've had a slightincrease the number of homes,
(11:27):
single-family homes, sold.
This year in 2025, we've had aslight increase the number of
homes sold, like, for example,january this year there was 105
versus 86 last January.
This February we've had 95, wehad 95 homes closed.
There was 92 the previousFebruary.
(11:48):
In March it was exactly thesame 113 this March, 113 last
March and then in April we had132 sold this April versus 115
the previous April.
And then in May we had 139 thisMay, which was four less than
(12:08):
the previous May, 143 last May,still year.
To date there's been more homessold this year versus the same
time period last year.
And we're watching it, we'regoing to see what's happening.
But you know it's sointeresting, you know that again
, we're just watching it.
Now, all that to say, I mean weare in a it's steady If your
(12:29):
home's priced right, if thecondition's great.
Again, the location where it's.
But it feels, I mean, I think alot of people are feeling that
the market is softening, days onmarket are taking longer.
We we have had more homes hitthe market.
So we, we are seeing moreinventory hit the market this
year versus last year.
So people are, I think, youknow, I think there was a lot of
(12:50):
people waiting because they are.
They had those, you know, twoand three and 4% interest rates,
but they're not waiting anymore.
They're saying I got to moveahead with my life.
You know, it's not always aboutthe price, it's not always
about the timing, the market.
Um, all that to say again, yourunique home, your unique
situation, you know we wouldlove to interview for the job.
There's no pressure.
Your unique situation you knowwe would love to interview for
(13:11):
the job.
There's no pressure, there's nocost, there's no obligation.
You can call us directly at828-393-0134, 828-393-0134.
And we'd love to interview forthe job.
Whether it's your personal home,whether it's your investment
property, maybe you're thinkingahead to your estate and
planning ahead for you know howdo you want to structure things
(13:33):
with your in regards to yourreal estate?
You know you're, you know, ifyou're just you're curious, you
know about, maybe you're donemanaging your, your rental
properties.
Maybe you want to upgrade yourrental portfolio, maybe you're
maybe did you inherit a rental?
I mean there's, there's so many, you know.
Here's a question Maybe you'rewondering do you have to wait
(13:58):
for your lease to end to sell it?
I mean there's so manyconversations that we're having
with our clients, so give us acall.
828-393-0134.
Find us online atrealestatebygregcom.
Also, follow us on our podcast.
We podcast all of our radioshows.
I mean, let's grab a cup ofcoffee or we can just jump on a
15-minute call.
I mean there's no pressure, butyour home has a story.
(14:22):
Let us help you tell it.
It could be from ourprofessional photography to our
powerful marketing.
We know how to showcase andwhat makes your home special.
And again, if you're justcurious about what your home is
worth, give us a call.
We have a short break.
We are here live every Mondaymorning on the Q, sharing with
you and just having aconversation about the market,
about the economy, and we stillhave more to cover after this
(14:46):
break, so stay tuned in.
We'll be right back.
Good morning and welcome back.
You're listening to the GeorgeReal Estate Group live radio
broadcast here in the queueevery Monday morning.
We love helping our clients, welove advocating, we love
facilitating and, again, allthings real estate and also, you
know we talk about life, wetalk about, you know, market
(15:07):
insights and you know we lovesharing with you about what's
going on in the market.
And we've just had tremendoussuccess this year which we're so
thankful for and we're grateful.
It's truly because of ourclients and word of mouth and
we're grateful for our agents.
We're growing.
We've had more agents join ourteam.
You might say, well, why areyou trying to grow right now,
(15:27):
when the market's maybesoftening or flattening up?
But there's always opportunityto help people and we're
passionate about helping ourclients and advocating and
facilitating and there's a lotof opportunity.
There's still, like I said, 126single family homes a month
selling in Henderson County.
That's just Henderson County.
Buncombe County is some 200plus a month selling.
(15:49):
We also work in TransylvaniaCounty and, like I said earlier
in the show, we work in upstateSouth Carolina.
We have agents in the upstate.
So the market's the market, theinterest rates are the interest
rates.
I mean life is happening.
Therefore, real estate'shappening and if you're thinking
about selling in the next sixmonths, let's talk.
I mean a quick 15-minuteconversation can save you money
(16:11):
and stress later.
Again, we offer free,no-obligation evaluations and in
my crew we've helped over 1,500families.
Let us help yours.
So we love the conversation andgrateful for the opportunity to
serve the community throughreal estate and we love it.
Again, we're passionate aboutit.
We have great agents, we havegreat staff.
(16:33):
If you're thinking about, again,anything real estate, give us a
call.
Give us a call.
We are here every Monday.
Like I said, we podcast all ofour radio shows.
You can call us directly.
You can find us online atrealestatebygregcom.
You can also jump into the um.
You know, follow us on socialmedia, whether it's facebook or
(16:54):
instagram, uh, or stop by ouroffice.
We're there and I say thisjokingly because, but it's so.
We we're in a very dangerouslocation between the flat rock
bakery, hubba hubba barbecue,campfire grill, our friends at
hubba loo, all those great,great and amazing local and
independent businesses andrestaurants there on rainbow row
, our friends at the wr great,great and amazing local and
independent businesses andrestaurants there on Rainbow Row
, our friends at the WrinkledEgg and Dogwood and Rent WNC.
(17:17):
Again, we have a great groupthere and we just love serving
the community.
We're there on Rainbow Row,there in Flat Rock.
I came across, so here's some Ialways love sharing about
different books I've come acrossand I don't know if you've
heard of the book by Bonnie Ware.
(17:38):
She was an Australianpalliative care nurse who spent
years caring for patients in thefinal weeks of their life and
the book she wrote called theTop Five Regrets of the Dying,
and it's not about dying, ifanything, it's about living.
But the book captures the mostcommon regrets her patients
(18:02):
shared in their last days and itwas a powerful reflection on
life priorities and authenticity.
Just a very poignant andpractical book.
Again, it puts perspective onthings and again, years ago,
when this Australian nurse,bonnie Ware, was working in
(18:25):
palliative care, her patientsagain in their final weeks of
life.
No more appointments to keep,no more pretending, no more
pushing things off until someday.
And what she noticed was thatwhen people are facing the end,
their masks come off, the noisequiets and that's what's left is
(18:47):
the truth, the raw, honesttruth about what really mattered
and what didn't.
And Bonnie started writing downthe most common things that her
patients told her you know theregrets they shared from their
deathbeds.
And it turned out there werepatterns, not dozens of
different regrets, actually justfive, and five deep truths that
(19:10):
could change the way we livetoday if we're willing to listen
.
So I thought I'd share with youwhat the five regrets were, and
so here they are and we canwalk through them together.
Number one I wish I had thecourage to live a life true to
myself, not the life othersexpected of me, and I want you
to think about this for a moment.
(19:30):
Have you ever caught yourselfliving someone else's dream,
choosing the safer route becauseit's what your parents wanted,
or your spouse, or what youthought would get applause?
Bonnie said this was the mostcommon regret of all.
People would whisper it,sometimes cry it.
They would say I never becamethe writer, I never opened up
(19:54):
that little bakery.
I always wanted to travel but Iwas afraid.
Again, the message here don'twait for permission to live the
life you were meant to live.
Powerful, powerfulconsideration.
Number two I wish I hadn'tworked so hard Now.
This one hit home for a lot offolks, especially the men.
Bonnie said they missed theirkid's childhood.
(20:16):
They missed the anniversaries,the dinners, the ball games.
They were building a future,but sacrificing the now to do it
.
And look, there's nothing wrongwith hard work.
But if we're honest, sometimeswe use work as a shield to avoid
the hard conversations, tochase something in the end that
doesn't hug you back.
(20:37):
So the question are you workingto live or living to work?
Number three I wish I had thecourage to express my feelings.
How many of us keep our mouthsshut to keep the peace?
We don't want to upset anyone.
So we say I'm fine.
We swallow our dreams, ourhurts, our truth, until one day
(21:00):
when we look back and wonderwhat might have happened if we
had just spoken up.
Bonnie's patients said they hadwished, they had said I love
you more often or I'm hurt oreven I need help.
Emotions are messy, but they'realso real and if we don't let
them out, they build up in allthe wrong places.
So maybe today's the day tomake the call to speak the truth
(21:24):
.
Number four I wish I had stayedin touch with my friends.
You know this one's easy to letslide.
Life gets busy.
We move, we change jobs, weraise kids and we tell ourselves
I'll reach out next week.
Then a year goes by andsometimes longer.
Reach out next week, then ayear goes by and sometimes
(21:47):
longer.
Bonnie said that near the endher patience just wanted to
laugh with an old friend,someone who remembered them
before all the achievements andresponsibilities piled up.
Friendships don't demand much.
Sometimes it's just a text.
Hey, I was thinking about you,and it can mean the world.
And then, number five, I wish Ihad let myself be happier.
(22:11):
This one surprised me.
People realized too late thatthey had spent so much time
worrying, comparing, regrettingthat they had forgotten to enjoy
life.
They stayed stuck in old habits.
They believed they didn'tdeserve joy.
They waited for circumstancesto change before allowing
(22:31):
themselves to laugh, dance, besilly or just breathe.
But the truth is, happiness isa choice, it's not a reward at
the finish line, it's in thecoffee you love, the walk
outside, the hug from someonewho gets you.
So the question is, what if yougave yourself permission to be
(22:52):
happy now?
So Bonnie Ware's book isn'treally about dying, it's about
living, living now while you can.
It's about looking at your life, not with fear but with clarity
.
So take a few minutes today.
Am I living my life or someoneelse's?
Am I choosing connection overbusyness?
(23:13):
Am I letting myself enjoy thetime I've been getting?
Because the regrets of thedying, they can be the wake-up
call for the living, and maybethat's what this moment's for.
So just a powerful, powerfulbook the Five Regrets of the
Dying, the Stories that MightJust Change your Life, again by
Bonnie Ware.
I highly recommend it and Ithought I'd take a minute.
(23:35):
Again.
It's this when you and to bringit back again, I've shared this
so many times real estate isaround life.
It's not around, it's theinterest rates.
It's not around the interestrates.
It's not about the interestrates.
It's not about the market, it'snot about, again, life is so
much bigger.
Real estate is centered aroundthat.
And again, what are you doingwith your life?
And again, I hope that book isan encouragement to you today.
(23:56):
Again, it's perspective.
Again, it's perspective for youto consider.
Again, there's so much to begrateful for and again,
gratitude is so important andwe're just so grateful to be
here with you every Mondaymorning.
I thought I'd share about thatamazing book I came across and
just give you some perspective.
But, of course, if you'rethinking about anything real
(24:17):
estate, in regards to what'sgoing on in your life, we'd love
to connect, we'd love to help.
There's no pressure, there's nocost, there's no obligation.
We love helping our clientsnavigate through all things real
estate.
It could be your personal home,it could be your rental home,
it could be your investmentportfolio, it could be your
vacant land, it could be acommercial property, but we'd be
honored to have theconversation.
(24:38):
Again, if you want to hear moreabout this, you can reach out
to us Any of these conversationswe're having.
If you want to go back andlisten to this podcast, we'll
have this up later today.
Find this on your favoritepodcast platform, the George
Real Estate Group radio program.
But thank you so much fortuning in this Monday morning.
Again, so much to be gratefulfor.
And just continue to enjoytoday.
(25:00):
Make it a great day and, again,give us a call 828-393-0134.
We'll see you next MondayThinking about estate planning
for your real estate.
Without a smart approach, theproperty you leave behind could
become an unwelcome burden foryour kids.
Many children simply don't wantto co-manage an inherited house
(25:21):
or deal with the tenants.
Fortunately, you can preventthat with the right plan.
The George Real Estate Groupspecializes in tax-efficient
strategies like 1031 exchangesand Delaware Statutory Trust to
simplify inheritance and incomeplanning.
A 1031 exchange can defer yourcapital gain taxes now and help
your kids avoid a big tax billlater, and a DST lets you
(25:44):
continue earning rental incomewithout landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
You've worked hard to buildyour legacy.
(26:05):
893-0134 today.
Speaker 2 (26:09):
You've worked hard to build your legacy.
Now let us help you protect itfor your loved ones.
The George Real Estate Grouphas the experience of selling
over 1,200 properties andserving over 1,200 families with
their real estate needs inHenderson County and throughout
Western North Carolina.
The George Real Estate Group islocated in Flat Rock, north
Carolina, near Hendersonville inHenderson County.
(26:30):
You can find them online atrealestatebygregcom.
The George Real Estate Groupcan be reached at 828-393-0134
or stop by their office at 2720Greenville Highway, flat Rock,
north Carolina.
Tune in live each week onMonday mornings at 9 0 5 on WTZQ
(26:52):
FM 95.3 and 1600 AM, or streamonline at WTZQcom.
Hello friends, thank you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
radio broadcast here on thequeue every Monday morning,
(00:44):
sharing with you positive newsabout your local real estate
market and community.
So grateful to be here with you.
I hope you had a wonderfulFather's Day and just a
wonderful weekend.
So much to be thankful for,grateful, to spend time with the
family, and also we had theopportunity to celebrate my
father's birthday as well.
So, again, happy birthday to myfather.
Again.
So much to be thankful for,very grateful for him, and it
(01:08):
happens occasionally but hisbirthday falling on Father's Day
.
So it was a nice.
We had a lot of, just a lot ofquality family time together and
grateful to enjoy the familyover this Father's Day weekend.
And here we are, middle of Juneand, wow, time's flying.
You know, life's flying by.
I mean we are in well,technically not summer yet, but
(01:29):
I mean we're around the cornertechnically from summer, even
though kids are out of school.
And again, just so much to begrateful for.
If you're tuning in for thefirst time ever, welcome.
We're here every Monday morningright after the 9 o'clock news
sharing with you about the localreal estate market community,
and then sometimes we just havereflections about life.
We also love having ournonprofits visit us on the radio
(01:52):
program as well.
And again, also just trying toprovide clarity and perspective
on the real estate market,because the real estate market's
ever-changing.
Of course, if you look at themarket, there's always cycles.
Some cycles are longer thanothers and it does seem to be
that our market's shifting alittle bit and we'll talk about
that.
But there are just four cyclesof the real estate market.
(02:17):
There's the top of the market,there's a downturn, there's the
bottom of the market and thenthere's the recovery.
There's a downturn, there's abottom of the market and then
there's a recovery.
And you know, you don't knowwhen you're at the top until
things go down, and just likeyou don't know when you're at
the bottom until things startgoing up.
So you know it's in therearview mirror that you can
look back and see well, that wasthe top of the market or, oh,
(02:42):
that was the bottom of themarket.
Again trying to predict.
And you can't predict themarket.
You can't time the market, justlike you can't time the stock
market.
You can't time the real estatemarket.
And so the interest rates arethe interest rates.
Certainly, if we look over thelast 50 years, we're pretty
normal.
Of course, I'm sure it hurts alittle bit when you think about
(03:05):
those pandemic interest rateswhere I mean just artificial
really, in the sense of wherethe interest rates were and
those that took advantage ofthem took advantage of them and
so many people did refinance.
There's still a significantpart of the population that have
their home paid off, I mean,and that's where we see a lot of
(03:26):
, still a lot of cash buyershere locally and I think there's
a direct correlation to that.
But you know the interest rates, there is an ebb and flow of
the inventory and again back tothe cycles.
You know, I do think.
I do think the market isshifting.
We're seeing days on market alittle bit longer.
We're seeing more pricereductions.
We still are technically in aseller's market when you look at
(03:51):
the supply and demand.
And we'll dive into that andagain connect and we'll share
about what's going on herelocally and also talk about
what's going on nationally aswell.
But we're here every Mondaymorning.
Our real estate group, theGeorge Real Estate Group.
We've had the privilege and inmy career over 20 years having
my North Carolina broker'slicense have had the privilege
(04:13):
of helping over 1,500 familieswith their real estate needs,
whether it's been residentialhomes, rental homes, land or
commercial real estate.
We've had the privilege ofhelping so many clients navigate
through the buying and sellingprocess and providing clarity,
providing support, advocatingand facilitating the real estate
(04:34):
transaction.
And I say this a lot becauseit's so true.
Regardless of the prices,regardless of the market, real
estate happens around life.
It's a life-driven event and wesee that.
Maybe you're consideringdownsizing because you know just
where you're currently at istoo much to maintain, or maybe
you want to get closer to thegrandkids, or maybe you're
(04:55):
considering that move into theretirement community.
You know, whatever thatsituation is.
Again, there can be reallypositive reasons why you're
considering buying or sellingand we also have walked
alongside our clients throughthe very challenging reasons.
I mean there's so manychallenging reasons.
(05:19):
It could be the loss of a lovedone or a divorce or a job loss.
I mean life happens and so,again, there can be impacts to
why clients are consideringbuying and selling, or maybe
there's a different opportunity.
I mean there can be impacts towhy clients are considering
buying and selling, or maybethere's a different opportunity.
I mean there's so many reasonswhy people hire real estate
agents and we certainly can talk, we will dive into that as well
.
But we're here, we're located inFlat Rock.
We serve all of Western NorthCarolina and upstate South
(05:41):
Carolina.
We have agents that live in theupstate.
So we help our clients.
You know that are buying andselling in Spartanburg and
Greenville counties.
We are serving Western NorthCarolina.
You know Buncombe County,henderson County, you know
Haywood Polk, you knowTransylvania County.
You know we love helping ourclients navigate through the
buying and selling process andthe interest rates are the
(06:02):
interest rates.
The prices are the prices.
The inventory is inventory.
I mean the market continues tomove.
I mean currently, as of thismorning, we're averaging some
126 single-family homes a monthselling over the last 12 months
and there's been a slightincrease.
(06:22):
I mean there's been a handfulmore homes sold year to date
this year than last year just ahandful.
And the average single-familyhome price right now in
Henderson County is at $538,000,almost $539,000.
It did at one point earlierthis year peak up in the
$540,000s, the $550,000s.
That number has seemed to havecome down.
(06:45):
As of this morning.
There's only 574 activesingle-family homes on the
market.
We have a four-and-a-half-monthsupply.
That number does seem to go up.
And when I put it into context,the economists say a six-month
supply is considered a balancedmarket.
(07:06):
Less than six months isconsidered a seller's market.
More than six months isconsidered a buyer's market, and
for very simple terms.
I mean if you had aneighborhood that was averaging
one home a month selling, butthat's where they would say if
they're averaging one home amonth selling in a particular
(07:26):
neighborhood and there was fourhomes available, you have a
four-month supply.
It would take four months toexhaust the inventory in that
neighborhood.
Conversely, if you had eighthomes available in that
neighborhood and you'reaveraging one a month, that
would mean it had an eight-monthsupply, a six-month supply of
inventory in any givenneighborhood or community or
(07:47):
price range or, you know, county, I mean that's and we can look
at the what's called theabsorption rate.
We can look at the supply anddemand and we do look at this in
regards to price points and inregards to locations.
You know, differentneighborhoods can have different
market dynamics and again, sowe.
(08:07):
But when you look at HendersonCounty right now, overall we
have a four and a half monthsupply.
So technically it's still in aseller's market.
Now we are seeing, we are seeingmore price reductions happening
.
I mean the market is softening.
We're seeing days on marketdays increasing days on market,
(08:30):
the number of days it takes tosell.
But just in the last seven daysin Henderson County there's
been 41 new listings, 61 pricedrops.
There is a thing called back onthe market.
That means buyers change theirmind for whatever reason.
Buyers during the due diligenceperiod.
They're not obligated to buy,just like sellers are not
(08:52):
obligated to make any repairs ordo anything.
But in the last seven daysthere was 15 homes that went
back on the market.
Also, the good news is therewas 39 homes went under contract
in the last seven days and then33 homes closed.
But when you look at in sevendays, the last seven days 41 new
listings and 39 homes wentunder contract.
(09:13):
That's pretty even in the senseof as many homes are hitting
the market as they're also goingunder contract.
Not exactly the same 41 homes.
I mean, obviously we can seethere were 61 homes that had
price adjustments, that hadprice adjustments.
But you know the cycles of themarket that we've lived in and
(09:35):
have experienced.
I mean you know our marketreally peaked out in 2007, 2008.
And then it bottomed out in2011.
I mean it didn't take very longand there was a lot of reasons
for that.
I mean the inventory levelswere just.
I mean we had at some pointsand in some price points we had
a two to three year supply ofinventory, a two to three year
(10:00):
supply of inventory, and that'swhy prices were so impacted and
again, people were upside downin their home.
The other thing to note, thedifference between this market
versus the previous markets thatwe've experienced is that we
have less than 1% of our homesare distressed, and when I say
distressed, when we talk aboutforeclosures or short sales,
(10:22):
less than 1% of our markets inthe market in the country are
distressed versus in 2011, itwas up to 40% were distressed,
meaning again foreclosures orshort sales.
It's not the same market butagain, we still have low
inventory levels and that's whyprices are holding.
(10:43):
And then we have theconversation about affordable
housing.
I mean, there's certainly aneed for affordable housing here
locally and we've seen that.
We've discussed that.
There's certainly differentthings that contribute to that
the cost of land, the cost ofbuilding, the cost of borrowing
money, and we're going to seehow that plays out.
But currently where we're at,the average single family home
(11:05):
price in Henderson County overthe last 12 months is at
$538,000.
At 538.
There's currently 574 availableand we're averaging some 126
single-family homes a monthselling.
So interesting market thatwe're in.
But just for context, this yearI mean just to give you some
comparison we've had a slightincrease the number of homes,
(11:27):
single-family homes, sold.
This year in 2025, we've had aslight increase the number of
homes sold, like, for example,january this year there was 105
versus 86 last January.
This February we've had 95, wehad 95 homes closed.
There was 92 the previousFebruary.
(11:48):
In March it was exactly thesame 113 this March, 113 last
March and then in April we had132 sold this April versus 115
the previous April.
And then in May we had 139 thisMay, which was four less than
(12:08):
the previous May, 143 last May,still year.
To date there's been more homessold this year versus the same
time period last year.
And we're watching it, we'regoing to see what's happening.
But you know it's sointeresting, you know that again
, we're just watching it.
Now, all that to say, I mean weare in a it's steady If your
(12:29):
home's priced right, if thecondition's great.
Again, the location where it's.
But it feels, I mean, I think alot of people are feeling that
the market is softening, days onmarket are taking longer.
We we have had more homes hitthe market.
So we, we are seeing moreinventory hit the market this
year versus last year.
So people are, I think, youknow, I think there was a lot of
(12:50):
people waiting because they are.
They had those, you know, twoand three and 4% interest rates,
but they're not waiting anymore.
They're saying I got to moveahead with my life.
You know, it's not always aboutthe price, it's not always
about the timing, the market.
Um, all that to say again, yourunique home, your unique
situation, you know we wouldlove to interview for the job.
There's no pressure.
Your unique situation you knowwe would love to interview for
(13:11):
the job.
There's no pressure, there's nocost, there's no obligation.
You can call us directly at828-393-0134, 828-393-0134.
And we'd love to interview forthe job.
Whether it's your personal home,whether it's your investment
property, maybe you're thinkingahead to your estate and
planning ahead for you know howdo you want to structure things
(13:33):
with your in regards to yourreal estate?
You know you're, you know, ifyou're just you're curious, you
know about, maybe you're donemanaging your, your rental
properties.
Maybe you want to upgrade yourrental portfolio, maybe you're
maybe did you inherit a rental?
I mean there's, there's so many, you know.
Here's a question Maybe you'rewondering do you have to wait
(13:58):
for your lease to end to sell it?
I mean there's so manyconversations that we're having
with our clients, so give us acall.
828-393-0134.
Find us online atrealestatebygregcom.
Also, follow us on our podcast.
We podcast all of our radioshows.
I mean, let's grab a cup ofcoffee or we can just jump on a
15-minute call.
I mean there's no pressure, butyour home has a story.
(14:22):
Let us help you tell it.
It could be from ourprofessional photography to our
powerful marketing.
We know how to showcase andwhat makes your home special.
And again, if you're justcurious about what your home is
worth, give us a call.
We have a short break.
We are here live every Mondaymorning on the Q, sharing with
you and just having aconversation about the market,
about the economy, and we stillhave more to cover after this
(14:46):
break, so stay tuned in.
We'll be right back.
Good morning and welcome back.
You're listening to the GeorgeReal Estate Group live radio
broadcast here in the queueevery Monday morning.
We love helping our clients, welove advocating, we love
facilitating and, again, allthings real estate and also, you
know we talk about life, wetalk about, you know, market
(15:07):
insights and you know we lovesharing with you about what's
going on in the market.
And we've just had tremendoussuccess this year which we're so
thankful for and we're grateful.
It's truly because of ourclients and word of mouth and
we're grateful for our agents.
We're growing.
We've had more agents join ourteam.
You might say, well, why areyou trying to grow right now,
(15:27):
when the market's maybesoftening or flattening up?
But there's always opportunityto help people and we're
passionate about helping ourclients and advocating and
facilitating and there's a lotof opportunity.
There's still, like I said, 126single family homes a month
selling in Henderson County.
That's just Henderson County.
Buncombe County is some 200plus a month selling.
(15:49):
We also work in TransylvaniaCounty and, like I said earlier
in the show, we work in upstateSouth Carolina.
We have agents in the upstate.
So the market's the market, theinterest rates are the interest
rates.
I mean life is happening.
Therefore, real estate'shappening and if you're thinking
about selling in the next sixmonths, let's talk.
I mean a quick 15-minuteconversation can save you money
(16:11):
and stress later.
Again, we offer free,no-obligation evaluations and in
my crew we've helped over 1,500families.
Let us help yours.
So we love the conversation andgrateful for the opportunity to
serve the community throughreal estate and we love it.
Again, we're passionate aboutit.
We have great agents, we havegreat staff.
(16:33):
If you're thinking about, again,anything real estate, give us a
call.
Give us a call.
We are here every Monday.
Like I said, we podcast all ofour radio shows.
You can call us directly.
You can find us online atrealestatebygregcom.
You can also jump into the um.
You know, follow us on socialmedia, whether it's facebook or
(16:54):
instagram, uh, or stop by ouroffice.
We're there and I say thisjokingly because, but it's so.
We we're in a very dangerouslocation between the flat rock
bakery, hubba hubba barbecue,campfire grill, our friends at
hubba loo, all those great,great and amazing local and
independent businesses andrestaurants there on rainbow row
, our friends at the wr great,great and amazing local and
independent businesses andrestaurants there on Rainbow Row
, our friends at the WrinkledEgg and Dogwood and Rent WNC.
(17:17):
Again, we have a great groupthere and we just love serving
the community.
We're there on Rainbow Row,there in Flat Rock.
I came across, so here's some Ialways love sharing about
different books I've come acrossand I don't know if you've
heard of the book by Bonnie Ware.
(17:38):
She was an Australianpalliative care nurse who spent
years caring for patients in thefinal weeks of their life and
the book she wrote called theTop Five Regrets of the Dying,
and it's not about dying, ifanything, it's about living.
But the book captures the mostcommon regrets her patients
(18:02):
shared in their last days and itwas a powerful reflection on
life priorities and authenticity.
Just a very poignant andpractical book.
Again, it puts perspective onthings and again, years ago,
when this Australian nurse,bonnie Ware, was working in
(18:25):
palliative care, her patientsagain in their final weeks of
life.
No more appointments to keep,no more pretending, no more
pushing things off until someday.
And what she noticed was thatwhen people are facing the end,
their masks come off, the noisequiets and that's what's left is
(18:47):
the truth, the raw, honesttruth about what really mattered
and what didn't.
And Bonnie started writing downthe most common things that her
patients told her you know theregrets they shared from their
deathbeds.
And it turned out there werepatterns, not dozens of
different regrets, actually justfive, and five deep truths that
(19:10):
could change the way we livetoday if we're willing to listen
.
So I thought I'd share with youwhat the five regrets were, and
so here they are and we canwalk through them together.
Number one I wish I had thecourage to live a life true to
myself, not the life othersexpected of me, and I want you
to think about this for a moment.
(19:30):
Have you ever caught yourselfliving someone else's dream,
choosing the safer route becauseit's what your parents wanted,
or your spouse, or what youthought would get applause?
Bonnie said this was the mostcommon regret of all.
People would whisper it,sometimes cry it.
They would say I never becamethe writer, I never opened up
(19:54):
that little bakery.
I always wanted to travel but Iwas afraid.
Again, the message here don'twait for permission to live the
life you were meant to live.
Powerful, powerfulconsideration.
Number two I wish I hadn'tworked so hard Now.
This one hit home for a lot offolks, especially the men.
Bonnie said they missed theirkid's childhood.
(20:16):
They missed the anniversaries,the dinners, the ball games.
They were building a future,but sacrificing the now to do it
.
And look, there's nothing wrongwith hard work.
But if we're honest, sometimeswe use work as a shield to avoid
the hard conversations, tochase something in the end that
doesn't hug you back.
(20:37):
So the question are you workingto live or living to work?
Number three I wish I had thecourage to express my feelings.
How many of us keep our mouthsshut to keep the peace?
We don't want to upset anyone.
So we say I'm fine.
We swallow our dreams, ourhurts, our truth, until one day
(21:00):
when we look back and wonderwhat might have happened if we
had just spoken up.
Bonnie's patients said they hadwished, they had said I love
you more often or I'm hurt oreven I need help.
Emotions are messy, but they'realso real and if we don't let
them out, they build up in allthe wrong places.
So maybe today's the day tomake the call to speak the truth
(21:24):
.
Number four I wish I had stayedin touch with my friends.
You know this one's easy to letslide.
Life gets busy.
We move, we change jobs, weraise kids and we tell ourselves
I'll reach out next week.
Then a year goes by andsometimes longer.
Reach out next week, then ayear goes by and sometimes
(21:47):
longer.
Bonnie said that near the endher patience just wanted to
laugh with an old friend,someone who remembered them
before all the achievements andresponsibilities piled up.
Friendships don't demand much.
Sometimes it's just a text.
Hey, I was thinking about you,and it can mean the world.
And then, number five, I wish Ihad let myself be happier.
(22:11):
This one surprised me.
People realized too late thatthey had spent so much time
worrying, comparing, regrettingthat they had forgotten to enjoy
life.
They stayed stuck in old habits.
They believed they didn'tdeserve joy.
They waited for circumstancesto change before allowing
(22:31):
themselves to laugh, dance, besilly or just breathe.
But the truth is, happiness isa choice, it's not a reward at
the finish line, it's in thecoffee you love, the walk
outside, the hug from someonewho gets you.
So the question is, what if yougave yourself permission to be
(22:52):
happy now?
So Bonnie Ware's book isn'treally about dying, it's about
living, living now while you can.
It's about looking at your life, not with fear but with clarity
.
So take a few minutes today.
Am I living my life or someoneelse's?
Am I choosing connection overbusyness?
(23:13):
Am I letting myself enjoy thetime I've been getting?
Because the regrets of thedying, they can be the wake-up
call for the living, and maybethat's what this moment's for.
So just a powerful, powerfulbook the Five Regrets of the
Dying, the Stories that MightJust Change your Life, again by
Bonnie Ware.
I highly recommend it and Ithought I'd take a minute.
(23:35):
Again.
It's this when you and to bringit back again, I've shared this
so many times real estate isaround life.
It's not around, it's theinterest rates.
It's not around the interestrates.
It's not about the interestrates.
It's not about the market, it'snot about, again, life is so
much bigger.
Real estate is centered aroundthat.
And again, what are you doingwith your life?
And again, I hope that book isan encouragement to you today.
(23:56):
Again, it's perspective.
Again, it's perspective for youto consider.
Again, there's so much to begrateful for and again,
gratitude is so important andwe're just so grateful to be
here with you every Mondaymorning.
I thought I'd share about thatamazing book I came across and
just give you some perspective.
But, of course, if you'rethinking about anything real
(24:17):
estate, in regards to what'sgoing on in your life, we'd love
to connect, we'd love to help.
There's no pressure, there's nocost, there's no obligation.
We love helping our clientsnavigate through all things real
estate.
It could be your personal home,it could be your rental home,
it could be your investmentportfolio, it could be your
vacant land, it could be acommercial property, but we'd be
honored to have theconversation.
(24:38):
Again, if you want to hear moreabout this, you can reach out
to us Any of these conversationswe're having.
If you want to go back andlisten to this podcast, we'll
have this up later today.
Find this on your favoritepodcast platform, the George
Real Estate Group radio program.
But thank you so much fortuning in this Monday morning.
Again, so much to be gratefulfor.
And just continue to enjoytoday.
(25:00):
Make it a great day and, again,give us a call 828-393-0134.
We'll see you next MondayThinking about estate planning
for your real estate.
Without a smart approach, theproperty you leave behind could
become an unwelcome burden foryour kids.
Many children simply don't wantto co-manage an inherited house
(25:21):
or deal with the tenants.
Fortunately, you can preventthat with the right plan.
The George Real Estate Groupspecializes in tax-efficient
strategies like 1031 exchangesand Delaware Statutory Trust to
simplify inheritance and incomeplanning.
A 1031 exchange can defer yourcapital gain taxes now and help
your kids avoid a big tax billlater, and a DST lets you
(25:44):
continue earning rental incomewithout landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
You've worked hard to buildyour legacy.
(26:05):
893-0134 today.
Speaker 2 (26:09):
You've worked hard to build your legacy.
Now let us help you protect itfor your loved ones.
The George Real Estate Grouphas the experience of selling
over 1,200 properties andserving over 1,200 families with
their real estate needs inHenderson County and throughout
Western North Carolina.
The George Real Estate Group islocated in Flat Rock, north
Carolina, near Hendersonville inHenderson County.
(26:30):
You can find them online atrealestatebygregcom.
The George Real Estate Groupcan be reached at 828-393-0134
or stop by their office at 2720Greenville Highway, flat Rock,
north Carolina.
Tune in live each week onMonday mornings at 9 0 5 on WTZQ
(26:52):
FM 95.3 and 1600 AM, or streamonline at WTZQcom.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
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.