June 9, 2025 • 25 mins
Wealth-building through real estate takes center stage in this revealing episode as we explore the staggering 40-fold difference between homeowner and renter net worth. Drawing on fresh market data from Henderson County, we reveal why property ownership remains one of the most powerful financial decisions you can make, with the average homeowner boasting a net worth of $396,000 compared to just $10,000 for the typical renter.
The Western North Carolina market continues to demonstrate remarkable resilience despite economic headwinds. Our latest analysis shows demand outpacing supply, with 44 homes going under contract in the past week while only 38 new listings hit the market. Cash purchases remain strong, representing one-third of all transactions over the past 12 months. We break down what these numbers mean for both buyers and sellers in today's evolving marketplace.
Beyond primary residences, we delve into investment properties as wealth multipliers, explaining why investors value the tangibility, control, and potential for exponential growth that real estate provides. Our discussion extends to sophisticated wealth preservation strategies, including how 1031 exchanges and Delaware Statutory Trusts can help defer capital gains taxes while simplifying inheritance planning for your loved ones.
As we celebrate Father's Day, we take a fascinating historical detour to 1939, when new homes averaged just $3,800, gasoline cost a dime per gallon, and the Wizard of Oz premiered in theaters. This perspective reminds us how dramatically property values appreciate over generations, underscoring real estate's power as a legacy-building tool.
Whether you're a first-time homebuyer, seasoned investor, or thinking about your estate plan, this episode delivers actionable insights to help you make savvy real estate decisions. Ready to build your own wealth through property? Connect with us at 828-393-0134 or visit realestatebygregcom to start your journey toward financial freedom through real estate.
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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.
(00:45):
So much to be thankful for.
We're so thankful to be here.
We are.
Wow, summer is here and therains that we have, the summer
afternoon showers, the coolmornings still, I was actually I
had a client in from Houstonand they were commenting on the
cooler temperatures herecompared to Texas.
(01:05):
Of course, just this weekendthey were here enjoying the area
and getting familiar with itand again, we're just so
thankful we're here every Mondaymorning sharing the positive
news about the local real estatemarket community.
If you're tuning in for thefirst time ever, the George Real
Estate Group.
We're located in Flat Rock.
We serve all of Western NorthCarolina and the upstate South
(01:27):
Carolina.
We've had so much fun over theyears.
I mean this is actually my 20thyear with my North Carolina
broker's license serving thecommunity through real estate.
We have an incredible team inplace and staff.
We love helping and advocatingand facilitating all things real
estate.
It could be your personal home.
It could be your personal home.
It could be your investmentproperty.
It could be commercial property.
(01:48):
It could be undeveloped land.
It could be anything realestate.
We'd love to have theconversation and even just the
strategies from do you sell thenbuy, do you buy then sell?
And then what are theimplications?
Tax strategies, whether it'syour personal implications, tax
strategies whether it's yourpersonal home, or tax strategies
if it's your investmentproperty.
(02:10):
In regards to real estate, wework with tax professionals, tax
advisors.
We work with our attorneys,whether it's with your estate or
your trust or planning ahead.
There's also the 1031 exchangeworld with your real estate and
depreciation.
I mean there's so many facetsof real estate.
We love helping our clientsfind solutions for their real
(02:32):
estate and what that might looklike, while giving context on
what's happening in the market.
The market continues to moveand we will dive into that as
well.
We're located in Flat Rock.
I joke that it's a verydangerous place for an office.
Between all those there's fouramazing restaurants right there
the Flat Rock Bakery, hubbaHubba, barbecue, campfire Grill,
(02:55):
hubba Lou.
All those amazing restaurantsand then all the other great
merchants of Flat Rock.
You got the Wrinkled Egg, yougot Dogwood, you have the
portraits.
You know all those.
You know amazing local andindependent.
You know restaurants andbusinesses.
The merchants of Flat Rock Alsowant to say what a successful
(03:16):
ice cream social there in FlatRock on Saturday and the
merchants of there was the freeice cream.
There was a little bit of not totell on any faux pas, but very
early on they realized theydidn't have spoons but the ice
cream was there.
But they quickly sent someoneoff to get the spoons and I
(03:41):
don't think, but maybe the firstcouple of people, because they
figured it out about 10 minutesbefore the official time.
But they managed to get thespoons for the ice cream for the
free ice cream social.
You know they were grilling outhot dogs and had drinks and
(04:03):
snacks and all the proceeds thatwere raised from those snacks
are going to the local Flat RockElementary School and middle
school.
So again the funds were raised.
It was a great time to seeneighbors and so many people
were out there on Saturday forthe Village of Flat Rock Ice
(04:25):
Cream Social and just great tosee neighbors and great to
support the community.
Again, the ice cream social.
Annually that happens.
So find us online,realestatebygregcom.
You can also follow us andsubscribe to our podcast.
We've been podcasting the radioprogram for a number of years
now, so we are just grateful toshare about what's going on in
(04:48):
the real estate market and inthe community and connect with
us.
Again, we'd love to interviewfor the job.
There's no pressure, there's nocost, there's no obligation.
We're actually hiring more realestate agents.
We're growing.
We continue to help moreclients and walk through.
Whatever that might be, it couldbe a really positive reason why
you're buying or selling.
It could be a challengingreason.
(05:09):
It could be in light ofthinking ahead for the future
and planning ahead, whether it'swith your real estate portfolio
, maybe you're thinking aboutyour personal home.
I mean, there's so many reasonswhy you might be buying or
selling or having theconversation with us.
You can call us directly at828-393-0134, 828-393-0134.
(05:32):
We have just a quick snapshot onthe market and we'll dive into
the more of the market details.
But I know everyone's alwayscurious what's actually
happening in the market and thenwant to have a conversation.
We have Father's Day coming upand also I'm going to wish a
happy birthday to my father,whose birthday is on Father's
Day, and just grateful for him.
(05:57):
But the market the last sevendays in Henderson County, the
last listings 64 price drops.
We continue to see price drops.
There's been 44 homes go undercontract.
Isn't that interesting?
44 homes under contract in thelast seven days, 38 new listings
(06:18):
.
So in just the last seven daysthe homes going under contract
have outpaced the new inventorylevels.
And then in the last seven days, 48 homes closed out.
The average single family homeprice over the last 12 months is
at $537,000 over the last 12months.
(06:40):
The average price during theprevious 12 month rolling 12
12-month was $542.
And you'll find thisinteresting.
There's been 22 more homes soldthis rolling 12 months than the
previous 12 months.
And this is specific toHenderson County, specific to
(07:01):
single family homes.
We use that as a barometer.
We certainly work in all thecounties Buncombe County,
transylvania County, Polk County, spartanburg County, greenville
County.
We're working in all thoseareas, but I know this radio
station being located inHenderson County and then our
office in Henderson County.
We use that just as a litmustest just to give you a snapshot
.
Still that just as a litmustest, just to give you a
(07:24):
snapshot.
Still.
One in three homes sold overthe last 12 months were
purchased with cash.
We still see cash sales arevery strong.
The inventory levels right nowat 566, only 566 active single
family homes on the market andwe're averaging some 126 homes a
month selling over the last 12months.
So the market is steady.
(07:45):
The last two years it'sremained steady and continues to
be steady.
The market is the market.
Now, pricing your home is stillcritical.
Pricing it where you know, inline with what's the data saying
.
I mean the market's softened inthe sense that we see more
price reductions.
We're also, days on market aretaking a little bit longer, but
(08:06):
when the home's priced right, Imean we're still seeing multiple
offers.
We're still seeing homes gounder contract quickly.
And on the other side of thecoin, if it's not priced in line
with the market, the marketwill talk back and share hey,
you might be getting showings,but if you're not getting offers
, that's an indication that themarket's not accepting your
price, and so we can help younavigate through that.
(08:28):
Whether it's your personal home, investment home, it could be a
commercial property, it couldbe land, it could be maybe you
own a portfolio of rentalproperties.
Whatever it might be, we havesolutions and we'd love to have
the conversation.
Call us directly at828-393-0134, 828-393-0134.
(08:54):
You've heard it said thedifference between a homeowner's
net worth and a renter's networth, but the numbers are
staggering.
The equity in your home impactsyour net worth, and home
ownership is one of the bestways to grow your wealth and it
can really give your net worth ahuge boost.
Actually, homeowner's net worthis nearly 40 times greater than
(09:14):
someone that's renting.
The net worth of a homeowner is, on average, $396,000.
The net worth of a renter is$10,000.
And, of course, rentingcertainly has its place in time
and for some people they havebeen stuck in the renting loop.
(09:37):
But in some areas renting couldcertainly be less than owning,
but over time it can actuallycost you.
This is a senior economist fromrealtorcom, joel Bonner, said
this households working on theirbudget will find it much easier
to continue to rent than to gothrough the expenses of home
(09:59):
ownership.
However, they need to considerthe equity and the generational
wealth they can build up byowning a home that they can't by
renting it.
In the long run, buying a homemay be a better investment, even
if in the short run, costs seemprohibitive.
Home ownership is a powerfulway to grow your wealth, but,
(10:20):
again, you should only buy ahome when you're ready and able
to do it.
And if you want to build a planto get there, certainly give us
a call.
We'd love to show you youroptions, show you your plans,
different ways to get there.
Look at your plans together.
Again, it's one of the bestways to build wealth in our
country and it's easy to see why.
As you pay your mortgage downand as home values rise over
(10:44):
time, you gain equity and that'swhat grows your net worth, and
that's why a homeowner's networth is nearly 40 times greater
than a renter's.
And so that's just part of themany benefits of homeownership
and, again, in addition to thepsychological benefits of it as
well, home ownership is awonderful path for your family
(11:05):
and thinking ahead for yourfamily.
In addition to home ownership,then, the next level is getting
into investment, owninginvestment properties, and I
know the thing that my investorssay they love about owning real
estate is they can touch it,they can use it, they can rent
it out, they can control it.
They can use it, they can rentit out, they can control it.
They're able to maintain it.
There's so many benefits ofrental real estate and, again,
(11:31):
it can also expedite, or it canexponentially grow your family's
wealth as well, owning realestate, and so we've helped
people acquire real estateinvestments.
We've also helped people gothrough.
Okay, we're at a point we'reready to liquidate and sell.
We're thinking about what itlooks like for our estate and
our family and our future andlong-term legacy planning.
(11:53):
Again, we can help you navigatethrough all that as well, and
whatever it might be again, yourpersonal home or an investment
home or your real estateportfolio, whatever it might be
give us a call.
828-393-0134, 828-393-0134.
Find us online atrealestatebygregcom.
(12:15):
Also, follow us on social mediaInstagram, facebook.
We also podcast all of ourradio shows.
You can find that on yourfavorite podcast platform and we
have a lot of ways to connectwith us.
And, like I said, stop by ouroffice there in Flat Rock at
2720 Greenville Highway, in ouroffice.
Stop by there.
We're on Rainbow Row.
We'd love to connect and again,you can just call us.
(12:36):
You can stop in.
The amount of people that stopin and say hello is amazing.
We're so grateful for that.
And we have a short break comingup and I'm going to share with
you a few listings that we have.
But after the break I want totalk about Father's Day, also
going to wish my father a happybirthday Also.
But the new listings that wejust had go on the market 21
(12:57):
Stony Knob Drive inHendersonville.
What a great starter home$369,900.
This is a one-story ranch andwonderful home Three bedrooms,
two baths, built in 1979.
The other interesting thingabout this property again, such
a quick and convenient location,near everything, great location
(13:19):
, arts and crafts style home.
It has an additional lot that'sincluded as well.
So again, you could choose tosell off the lot.
You could build on the lot.
There's a lot of options here.
21 Stony Knob Drive inHendersonville for $369.99.
Just another sample of thedifferent listings and inventory
(13:40):
that we have.
We have more new listingshitting the market.
We just had photography done ona number of homes this weekend.
We have new inventory.
That's where, if you follow uson Facebook and Instagram.
You can see our new inventoryand see the homes that we have
coming up for sale, homes thatwe have coming on the market.
We did do a price adjustment on1351 Chanteloup Drive, an
(14:04):
incredible deal at 920.
This home has over 4,500 squarefeet, sits on over two and a
half acres, joins a 26-acrepreserve, so again you have the
privacy there.
Great neighborhood inChanteloup subdivision, but 1351
Chanteloup Drive, over 5,400square feet, four bedrooms, four
(14:25):
baths, stunning home,completely renovated, at the end
of a cul-de-sac.
Again, that's just anothersample of the homes that we have
for sale.
In an example, you're listeningto the Georgia Real Estate Group
live radio broadcast here inthe queue every Monday morning.
We love sharing informationabout what's going on in the
market, love connecting with youand of course, we also get
(14:46):
calls in as to suggestions fortopics and then different guests
that we have.
We love supporting thenonprofit community.
We love having differentvendors.
When I say vendors, we have apartnership with our attorneys
and our lenders and our homeinspectors and our septic guys,
our pest control guys, ourcontractors, our surveyors or
(15:09):
appraisers.
We work in concert togetherultimately to help our clients
navigate through the home buyingand selling process and we're
doing this every single day.
We're having conversations andwe'd love to connect with you,
but we have an entire team inplace to help navigate through
all the buying and sellingprocess.
So we're so thankful to be herewith you.
(15:31):
Stay tuned in.
We have a short break coming up.
You're listening to the GeorgeReal Estate Group live radio
broadcast on the queue, so staytuned in.
We have more information toshare right after this break.
Good morning and welcome back.
You're listening to the GeorgiaReal Estate Group live radio
broadcast on the Q.
We love sharing with you aboutwhat's going on in the local
(15:52):
market and community and we'rejust so thankful to serve the
community through real estate.
We love helping our clients.
I was sharing with somebody theother day.
It doesn't feel like work whenyou do what you love, and we
love helping our clientsnavigate through real estate and
it's advocating, it'sfacilitating, it's helping
provide clarity in a plan, andso you know whether it's working
with your attorneys, workingwith your lenders, working with
(16:14):
the, you know your estateplanning or working with your
tax consultant.
I mean advisor, I mean all ofthe players that are involved in
thinking ahead and planning.
Again, we have great resourcesand tools and we're doing this
every single day.
In my career I've had theprivilege of helping over 1,500
families with their real estatethroughout the years and at the
(16:35):
George Real Estate Group team wehave over 100 years of combined
experience.
By the way, we're growing.
If you thought about a careerin real estate, it's a great
time to help, a great time toget involved and help navigate
through with our clients Again,buying and selling real estate.
I mean life happens, therefore,real estate happens, and we're
helping our clients navigatethrough all of that.
(16:55):
And again, the market's themarket.
I mean so 126 single familyhomes a month selling in
Henderson County.
We've had 22 more homes soldthis year excuse me, this
12-month period versus theprevious 12-month period.
So the average single-familyhome price has come down
slightly.
The median home price has goneup slightly, but again, the
(17:17):
market seems to be holding it'ssteady.
We are seeing a softening,we're seeing a lot of price
reductions.
But it's a great time If it'sright for you, I mean there is a
path forward.
We can navigate through thebuying and selling process.
Do you sell first, then you buy?
Do you buy first, then you sell?
Whatever it might be, we'd loveand we consider it a privilege
(17:37):
to have these conversations withyou as you navigate through the
buying and selling process.
This coming Sunday is Father'sDay, and not only is it Father's
Day, it's also a special dayfor our families my father's
birthday as well.
So happy birthday to my father,howard George.
Father's Day is actuallycelebrated the third Sunday in
(17:58):
June this year, and actually theother fascinating thing is
Father's Day celebration was thevery first known Father's Day.
You may or may not have knownthis.
It was in 1910, organized by aSonora smart dod who wanted to
honor her single father whoraised six children, and it
(18:20):
actually didn't become anational holiday until 1972 when
President Richard Nixon signedit into law.
Father's Day by the numbers.
Economically, about $20 billionis spent each year on Father's
Day in the US.
Most popular gifts includeclothing, special outings on
meals or tools or homeimprovement items, outdoor gear.
(18:43):
In the US there's more than 70million fathers.
Roughly this is interestingroughly one in four households
or children are headed by singlefathers or father figures.
So again Father's Day and thenmy father.
I will just Father's Day and myfather's birthday on this day
(19:07):
and I'll go ahead and apologizenow.
I'll just go ahead and tell youmy father was actually born in
1939.
Dad, forgive me, I'm putting itout there, but did you know in
1939, this is so fascinating tome my father's turning 86 this
year, but this is so interestingIn September, 1939 was when the
(19:30):
Second World War began.
In September, when Germanyinvaded Poland, franklin D
Roosevelt was the president ofthe United States in 1939.
This is interesting.
The Wizard of Oz and Gone withthe Wind premiered in theaters,
is interesting.
The wizard of oz and gone withthe wind premiered in theaters
and new york's world fair openedwith the theme the world of
(19:50):
tomorrow in 1939.
A new house in 1939 costs onaverage thirty eight hundred
dollars.
The average annual salary was171,730.
Gallon of gas was $0.10.
A loaf of bread was $0.08.
A dozen eggs $0.35.
(20:14):
And a new car was $700.
A movie ticket was $0.23.
And then a first-class stampwas $0.
Cents.
It's fun to go back and look attime and the cost of things.
Radio, which is still verypopular today, was also the main
source of entertainment.
(20:35):
Big band music and swing wasdominant.
Glenn Miller, benny Goodman andalso Superman made his first
appearance in Action Comics no 1, which was published the year
before in 1938, but it actuallygained huge popularity in 1939.
Television was actually stillexperimental but was shown at
(20:58):
the 1939 World's Fair.
Also, nylon stockings wereintroduced to the public by
DuPont.
Um, also nylon stockings wereintroduced to the public by
DuPont.
And this is wild.
The first air conditioned carwas released by Packard.
It's fun to go back and look andagain, uh again, happy birthday
to my father.
Uh, this Sunday not onlyfather's day, but also my
(21:19):
father's birthday.
So, very thankful for my father.
He made a decision in the earlyeighties to move our family
here to Henderson County.
I grew up here, I joke, I gothere as quick as I could when I
was six years old.
But a number of just gratefulthings to be grateful for.
And again I'm thankful.
My father moved our family hereto Henderson County.
(21:39):
He grew up here and we've hadour real estate business here
for a number of years and he wasin developments and real
estates in other areas of thecountry prior to relocating here
.
And, like so many people'sstories, people come here, they
have their experiences here forthe first time and they say I
want to live here.
And that was true of my father.
They got here like on a Sundayand then he was so determined he
(22:02):
actually got here.
Never been here before, gothere on a Sunday and bought a
house that Friday and then ittook him a few years to get out
of his business developments inthe other areas of the country
before he moved here and movedour family here.
So we love it here.
We're grateful here, gratefulto be in real estate full circle
.
Again, this is my 20th yearwith my real estate license and
(22:22):
love serving the communitythrough real estate license and
love serving the communitythrough real estate.
Well, we love being here everyMonday morning share with you
news about the real estatemarket.
If you're thinking of buying ahome, selling a home, if you're
thinking about your investments,if you're thinking about your
estate planning, if you'rethinking about the legacy you
want to leave, we're helping somany clients think ahead and
what that looks like and how doyou want to plan ahead.
(22:43):
There are advantages andthere's ways you can take
advantage of tax codes such as a1031 exchange and then also
Delaware Statutory Trust.
There's different codes thatare effective, that can help you
plan ahead.
You can actually this is talkabout an amazing concept Imagine
(23:03):
making more money and payingless taxes, and that's actually
possible with a 1031 exchangeand a DST, and we have solutions
for that.
Maybe you're tired of managingyour real estate investments and
properties and you want to lookat other options.
You want to think ahead foryour family and the estate
planning and the legacy you wantto leave for your grandchildren
or children.
(23:23):
Again, so many options that wehave and again, this is on top
of what we're helping ourclients navigate through with
their personal homes buying andselling their personal homes but
we also are helping our clientsnavigate through and thinking
strategically about their realestate investments as well.
Well, thank you so much fortuning in this Monday morning.
Just grateful to serve thecommunity through real estate.
(23:44):
Much for tuning in this Mondaymorning.
Just grateful to serve thecommunity through real estate.
Give us a call at 828-393-0134,828-393-0134.
Find us online atrealestatebygregcom.
Stop in our office anytimethere in Flat Rock.
We'd love to have a cup ofcoffee with you and connect.
But have a great day, have agreat week, happy Father's Day
and also happy birthday to myfather.
Take care Thinking about estateplanning for your real estate.
(24:09):
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
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
(24:30):
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 continueearning rental income without
landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
(24:51):
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
You've worked hard to buildyour legacy.
Now let us help you protect itfor your loved ones.
Speaker 2 (25:06):
The George Real Estate Group has the experience
of selling over 1,200 propertiesand serving 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.
(25:27):
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.
2720 Greenville Highway, FlatRock, North Carolina.
Tune in live each week onMonday mornings at 9.05 on WTZQ
(25:50):
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.
(00:45):
So much to be thankful for.
We're so thankful to be here.
We are.
Wow, summer is here and therains that we have, the summer
afternoon showers, the coolmornings still, I was actually I
had a client in from Houstonand they were commenting on the
cooler temperatures herecompared to Texas.
(01:05):
Of course, just this weekendthey were here enjoying the area
and getting familiar with itand again, we're just so
thankful we're here every Mondaymorning sharing the positive
news about the local real estatemarket community.
If you're tuning in for thefirst time ever, the George Real
Estate Group.
We're located in Flat Rock.
We serve all of Western NorthCarolina and the upstate South
(01:27):
Carolina.
We've had so much fun over theyears.
I mean this is actually my 20thyear with my North Carolina
broker's license serving thecommunity through real estate.
We have an incredible team inplace and staff.
We love helping and advocatingand facilitating all things real
estate.
It could be your personal home.
It could be your personal home.
It could be your investmentproperty.
It could be commercial property.
(01:48):
It could be undeveloped land.
It could be anything realestate.
We'd love to have theconversation and even just the
strategies from do you sell thenbuy, do you buy then sell?
And then what are theimplications?
Tax strategies, whether it'syour personal implications, tax
strategies whether it's yourpersonal home, or tax strategies
if it's your investmentproperty.
(02:10):
In regards to real estate, wework with tax professionals, tax
advisors.
We work with our attorneys,whether it's with your estate or
your trust or planning ahead.
There's also the 1031 exchangeworld with your real estate and
depreciation.
I mean there's so many facetsof real estate.
We love helping our clientsfind solutions for their real
(02:32):
estate and what that might looklike, while giving context on
what's happening in the market.
The market continues to moveand we will dive into that as
well.
We're located in Flat Rock.
I joke that it's a verydangerous place for an office.
Between all those there's fouramazing restaurants right there
the Flat Rock Bakery, hubbaHubba, barbecue, campfire Grill,
(02:55):
hubba Lou.
All those amazing restaurantsand then all the other great
merchants of Flat Rock.
You got the Wrinkled Egg, yougot Dogwood, you have the
portraits.
You know all those.
You know amazing local andindependent.
You know restaurants andbusinesses.
The merchants of Flat Rock Alsowant to say what a successful
(03:16):
ice cream social there in FlatRock on Saturday and the
merchants of there was the freeice cream.
There was a little bit of not totell on any faux pas, but very
early on they realized theydidn't have spoons but the ice
cream was there.
But they quickly sent someoneoff to get the spoons and I
(03:41):
don't think, but maybe the firstcouple of people, because they
figured it out about 10 minutesbefore the official time.
But they managed to get thespoons for the ice cream for the
free ice cream social.
You know they were grilling outhot dogs and had drinks and
(04:03):
snacks and all the proceeds thatwere raised from those snacks
are going to the local Flat RockElementary School and middle
school.
So again the funds were raised.
It was a great time to seeneighbors and so many people
were out there on Saturday forthe Village of Flat Rock Ice
(04:25):
Cream Social and just great tosee neighbors and great to
support the community.
Again, the ice cream social.
Annually that happens.
So find us online,realestatebygregcom.
You can also follow us andsubscribe to our podcast.
We've been podcasting the radioprogram for a number of years
now, so we are just grateful toshare about what's going on in
(04:48):
the real estate market and inthe community and connect with
us.
Again, we'd love to interviewfor the job.
There's no pressure, there's nocost, there's no obligation.
We're actually hiring more realestate agents.
We're growing.
We continue to help moreclients and walk through.
Whatever that might be, it couldbe a really positive reason why
you're buying or selling.
It could be a challengingreason.
(05:09):
It could be in light ofthinking ahead for the future
and planning ahead, whether it'swith your real estate portfolio
, maybe you're thinking aboutyour personal home.
I mean, there's so many reasonswhy you might be buying or
selling or having theconversation with us.
You can call us directly at828-393-0134, 828-393-0134.
(05:32):
We have just a quick snapshot onthe market and we'll dive into
the more of the market details.
But I know everyone's alwayscurious what's actually
happening in the market and thenwant to have a conversation.
We have Father's Day coming upand also I'm going to wish a
happy birthday to my father,whose birthday is on Father's
Day, and just grateful for him.
(05:57):
But the market the last sevendays in Henderson County, the
last listings 64 price drops.
We continue to see price drops.
There's been 44 homes go undercontract.
Isn't that interesting?
44 homes under contract in thelast seven days, 38 new listings
(06:18):
.
So in just the last seven daysthe homes going under contract
have outpaced the new inventorylevels.
And then in the last seven days, 48 homes closed out.
The average single family homeprice over the last 12 months is
at $537,000 over the last 12months.
(06:40):
The average price during theprevious 12 month rolling 12
12-month was $542.
And you'll find thisinteresting.
There's been 22 more homes soldthis rolling 12 months than the
previous 12 months.
And this is specific toHenderson County, specific to
(07:01):
single family homes.
We use that as a barometer.
We certainly work in all thecounties Buncombe County,
transylvania County, Polk County, spartanburg County, greenville
County.
We're working in all thoseareas, but I know this radio
station being located inHenderson County and then our
office in Henderson County.
We use that just as a litmustest just to give you a snapshot
.
Still that just as a litmustest, just to give you a
(07:24):
snapshot.
Still.
One in three homes sold overthe last 12 months were
purchased with cash.
We still see cash sales arevery strong.
The inventory levels right nowat 566, only 566 active single
family homes on the market andwe're averaging some 126 homes a
month selling over the last 12months.
So the market is steady.
(07:45):
The last two years it'sremained steady and continues to
be steady.
The market is the market.
Now, pricing your home is stillcritical.
Pricing it where you know, inline with what's the data saying
.
I mean the market's softened inthe sense that we see more
price reductions.
We're also, days on market aretaking a little bit longer, but
(08:06):
when the home's priced right, Imean we're still seeing multiple
offers.
We're still seeing homes gounder contract quickly.
And on the other side of thecoin, if it's not priced in line
with the market, the marketwill talk back and share hey,
you might be getting showings,but if you're not getting offers
, that's an indication that themarket's not accepting your
price, and so we can help younavigate through that.
(08:28):
Whether it's your personal home, investment home, it could be a
commercial property, it couldbe land, it could be maybe you
own a portfolio of rentalproperties.
Whatever it might be, we havesolutions and we'd love to have
the conversation.
Call us directly at828-393-0134, 828-393-0134.
(08:54):
You've heard it said thedifference between a homeowner's
net worth and a renter's networth, but the numbers are
staggering.
The equity in your home impactsyour net worth, and home
ownership is one of the bestways to grow your wealth and it
can really give your net worth ahuge boost.
Actually, homeowner's net worthis nearly 40 times greater than
(09:14):
someone that's renting.
The net worth of a homeowner is, on average, $396,000.
The net worth of a renter is$10,000.
And, of course, rentingcertainly has its place in time
and for some people they havebeen stuck in the renting loop.
(09:37):
But in some areas renting couldcertainly be less than owning,
but over time it can actuallycost you.
This is a senior economist fromrealtorcom, joel Bonner, said
this households working on theirbudget will find it much easier
to continue to rent than to gothrough the expenses of home
(09:59):
ownership.
However, they need to considerthe equity and the generational
wealth they can build up byowning a home that they can't by
renting it.
In the long run, buying a homemay be a better investment, even
if in the short run, costs seemprohibitive.
Home ownership is a powerfulway to grow your wealth, but,
(10:20):
again, you should only buy ahome when you're ready and able
to do it.
And if you want to build a planto get there, certainly give us
a call.
We'd love to show you youroptions, show you your plans,
different ways to get there.
Look at your plans together.
Again, it's one of the bestways to build wealth in our
country and it's easy to see why.
As you pay your mortgage downand as home values rise over
(10:44):
time, you gain equity and that'swhat grows your net worth, and
that's why a homeowner's networth is nearly 40 times greater
than a renter's.
And so that's just part of themany benefits of homeownership
and, again, in addition to thepsychological benefits of it as
well, home ownership is awonderful path for your family
(11:05):
and thinking ahead for yourfamily.
In addition to home ownership,then, the next level is getting
into investment, owninginvestment properties, and I
know the thing that my investorssay they love about owning real
estate is they can touch it,they can use it, they can rent
it out, they can control it.
They can use it, they can rentit out, they can control it.
They're able to maintain it.
There's so many benefits ofrental real estate and, again,
(11:31):
it can also expedite, or it canexponentially grow your family's
wealth as well, owning realestate, and so we've helped
people acquire real estateinvestments.
We've also helped people gothrough.
Okay, we're at a point we'reready to liquidate and sell.
We're thinking about what itlooks like for our estate and
our family and our future andlong-term legacy planning.
(11:53):
Again, we can help you navigatethrough all that as well, and
whatever it might be again, yourpersonal home or an investment
home or your real estateportfolio, whatever it might be
give us a call.
828-393-0134, 828-393-0134.
Find us online atrealestatebygregcom.
(12:15):
Also, follow us on social mediaInstagram, facebook.
We also podcast all of ourradio shows.
You can find that on yourfavorite podcast platform and we
have a lot of ways to connectwith us.
And, like I said, stop by ouroffice there in Flat Rock at
2720 Greenville Highway, in ouroffice.
Stop by there.
We're on Rainbow Row.
We'd love to connect and again,you can just call us.
(12:36):
You can stop in.
The amount of people that stopin and say hello is amazing.
We're so grateful for that.
And we have a short break comingup and I'm going to share with
you a few listings that we have.
But after the break I want totalk about Father's Day, also
going to wish my father a happybirthday Also.
But the new listings that wejust had go on the market 21
(12:57):
Stony Knob Drive inHendersonville.
What a great starter home$369,900.
This is a one-story ranch andwonderful home Three bedrooms,
two baths, built in 1979.
The other interesting thingabout this property again, such
a quick and convenient location,near everything, great location
(13:19):
, arts and crafts style home.
It has an additional lot that'sincluded as well.
So again, you could choose tosell off the lot.
You could build on the lot.
There's a lot of options here.
21 Stony Knob Drive inHendersonville for $369.99.
Just another sample of thedifferent listings and inventory
(13:40):
that we have.
We have more new listingshitting the market.
We just had photography done ona number of homes this weekend.
We have new inventory.
That's where, if you follow uson Facebook and Instagram.
You can see our new inventoryand see the homes that we have
coming up for sale, homes thatwe have coming on the market.
We did do a price adjustment on1351 Chanteloup Drive, an
(14:04):
incredible deal at 920.
This home has over 4,500 squarefeet, sits on over two and a
half acres, joins a 26-acrepreserve, so again you have the
privacy there.
Great neighborhood inChanteloup subdivision, but 1351
Chanteloup Drive, over 5,400square feet, four bedrooms, four
(14:25):
baths, stunning home,completely renovated, at the end
of a cul-de-sac.
Again, that's just anothersample of the homes that we have
for sale.
In an example, you're listeningto the Georgia Real Estate Group
live radio broadcast here inthe queue every Monday morning.
We love sharing informationabout what's going on in the
market, love connecting with youand of course, we also get
(14:46):
calls in as to suggestions fortopics and then different guests
that we have.
We love supporting thenonprofit community.
We love having differentvendors.
When I say vendors, we have apartnership with our attorneys
and our lenders and our homeinspectors and our septic guys,
our pest control guys, ourcontractors, our surveyors or
(15:09):
appraisers.
We work in concert togetherultimately to help our clients
navigate through the home buyingand selling process and we're
doing this every single day.
We're having conversations andwe'd love to connect with you,
but we have an entire team inplace to help navigate through
all the buying and sellingprocess.
So we're so thankful to be herewith you.
(15:31):
Stay tuned in.
We have a short break coming up.
You're listening to the GeorgeReal Estate Group live radio
broadcast on the queue, so staytuned in.
We have more information toshare right after this break.
Good morning and welcome back.
You're listening to the GeorgiaReal Estate Group live radio
broadcast on the Q.
We love sharing with you aboutwhat's going on in the local
(15:52):
market and community and we'rejust so thankful to serve the
community through real estate.
We love helping our clients.
I was sharing with somebody theother day.
It doesn't feel like work whenyou do what you love, and we
love helping our clientsnavigate through real estate and
it's advocating, it'sfacilitating, it's helping
provide clarity in a plan, andso you know whether it's working
with your attorneys, workingwith your lenders, working with
(16:14):
the, you know your estateplanning or working with your
tax consultant.
I mean advisor, I mean all ofthe players that are involved in
thinking ahead and planning.
Again, we have great resourcesand tools and we're doing this
every single day.
In my career I've had theprivilege of helping over 1,500
families with their real estatethroughout the years and at the
(16:35):
George Real Estate Group team wehave over 100 years of combined
experience.
By the way, we're growing.
If you thought about a careerin real estate, it's a great
time to help, a great time toget involved and help navigate
through with our clients Again,buying and selling real estate.
I mean life happens, therefore,real estate happens, and we're
helping our clients navigatethrough all of that.
(16:55):
And again, the market's themarket.
I mean so 126 single familyhomes a month selling in
Henderson County.
We've had 22 more homes soldthis year excuse me, this
12-month period versus theprevious 12-month period.
So the average single-familyhome price has come down
slightly.
The median home price has goneup slightly, but again, the
(17:17):
market seems to be holding it'ssteady.
We are seeing a softening,we're seeing a lot of price
reductions.
But it's a great time If it'sright for you, I mean there is a
path forward.
We can navigate through thebuying and selling process.
Do you sell first, then you buy?
Do you buy first, then you sell?
Whatever it might be, we'd loveand we consider it a privilege
(17:37):
to have these conversations withyou as you navigate through the
buying and selling process.
This coming Sunday is Father'sDay, and not only is it Father's
Day, it's also a special dayfor our families my father's
birthday as well.
So happy birthday to my father,howard George.
Father's Day is actuallycelebrated the third Sunday in
(17:58):
June this year, and actually theother fascinating thing is
Father's Day celebration was thevery first known Father's Day.
You may or may not have knownthis.
It was in 1910, organized by aSonora smart dod who wanted to
honor her single father whoraised six children, and it
(18:20):
actually didn't become anational holiday until 1972 when
President Richard Nixon signedit into law.
Father's Day by the numbers.
Economically, about $20 billionis spent each year on Father's
Day in the US.
Most popular gifts includeclothing, special outings on
meals or tools or homeimprovement items, outdoor gear.
(18:43):
In the US there's more than 70million fathers.
Roughly this is interestingroughly one in four households
or children are headed by singlefathers or father figures.
So again Father's Day and thenmy father.
I will just Father's Day and myfather's birthday on this day
(19:07):
and I'll go ahead and apologizenow.
I'll just go ahead and tell youmy father was actually born in
1939.
Dad, forgive me, I'm putting itout there, but did you know in
1939, this is so fascinating tome my father's turning 86 this
year, but this is so interestingIn September, 1939 was when the
(19:30):
Second World War began.
In September, when Germanyinvaded Poland, franklin D
Roosevelt was the president ofthe United States in 1939.
This is interesting.
The Wizard of Oz and Gone withthe Wind premiered in theaters,
is interesting.
The wizard of oz and gone withthe wind premiered in theaters
and new york's world fair openedwith the theme the world of
(19:50):
tomorrow in 1939.
A new house in 1939 costs onaverage thirty eight hundred
dollars.
The average annual salary was171,730.
Gallon of gas was $0.10.
A loaf of bread was $0.08.
A dozen eggs $0.35.
(20:14):
And a new car was $700.
A movie ticket was $0.23.
And then a first-class stampwas $0.
Cents.
It's fun to go back and look attime and the cost of things.
Radio, which is still verypopular today, was also the main
source of entertainment.
(20:35):
Big band music and swing wasdominant.
Glenn Miller, benny Goodman andalso Superman made his first
appearance in Action Comics no 1, which was published the year
before in 1938, but it actuallygained huge popularity in 1939.
Television was actually stillexperimental but was shown at
(20:58):
the 1939 World's Fair.
Also, nylon stockings wereintroduced to the public by
DuPont.
Um, also nylon stockings wereintroduced to the public by
DuPont.
And this is wild.
The first air conditioned carwas released by Packard.
It's fun to go back and look andagain, uh again, happy birthday
to my father.
Uh, this Sunday not onlyfather's day, but also my
(21:19):
father's birthday.
So, very thankful for my father.
He made a decision in the earlyeighties to move our family
here to Henderson County.
I grew up here, I joke, I gothere as quick as I could when I
was six years old.
But a number of just gratefulthings to be grateful for.
And again I'm thankful.
My father moved our family hereto Henderson County.
(21:39):
He grew up here and we've hadour real estate business here
for a number of years and he wasin developments and real
estates in other areas of thecountry prior to relocating here
.
And, like so many people'sstories, people come here, they
have their experiences here forthe first time and they say I
want to live here.
And that was true of my father.
They got here like on a Sundayand then he was so determined he
(22:02):
actually got here.
Never been here before, gothere on a Sunday and bought a
house that Friday and then ittook him a few years to get out
of his business developments inthe other areas of the country
before he moved here and movedour family here.
So we love it here.
We're grateful here, gratefulto be in real estate full circle
.
Again, this is my 20th yearwith my real estate license and
(22:22):
love serving the communitythrough real estate license and
love serving the communitythrough real estate.
Well, we love being here everyMonday morning share with you
news about the real estatemarket.
If you're thinking of buying ahome, selling a home, if you're
thinking about your investments,if you're thinking about your
estate planning, if you'rethinking about the legacy you
want to leave, we're helping somany clients think ahead and
what that looks like and how doyou want to plan ahead.
(22:43):
There are advantages andthere's ways you can take
advantage of tax codes such as a1031 exchange and then also
Delaware Statutory Trust.
There's different codes thatare effective, that can help you
plan ahead.
You can actually this is talkabout an amazing concept Imagine
(23:03):
making more money and payingless taxes, and that's actually
possible with a 1031 exchangeand a DST, and we have solutions
for that.
Maybe you're tired of managingyour real estate investments and
properties and you want to lookat other options.
You want to think ahead foryour family and the estate
planning and the legacy you wantto leave for your grandchildren
or children.
(23:23):
Again, so many options that wehave and again, this is on top
of what we're helping ourclients navigate through with
their personal homes buying andselling their personal homes but
we also are helping our clientsnavigate through and thinking
strategically about their realestate investments as well.
Well, thank you so much fortuning in this Monday morning.
Just grateful to serve thecommunity through real estate.
(23:44):
Much for tuning in this Mondaymorning.
Just grateful to serve thecommunity through real estate.
Give us a call at 828-393-0134,828-393-0134.
Find us online atrealestatebygregcom.
Stop in our office anytimethere in Flat Rock.
We'd love to have a cup ofcoffee with you and connect.
But have a great day, have agreat week, happy Father's Day
and also happy birthday to myfather.
Take care Thinking about estateplanning for your real estate.
(24:09):
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
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
(24:30):
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 continueearning rental income without
landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
(24:51):
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
You've worked hard to buildyour legacy.
Now let us help you protect itfor your loved ones.
Speaker 2 (25:06):
The George Real Estate Group has the experience
of selling over 1,200 propertiesand serving 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.
(25:27):
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.
2720 Greenville Highway, FlatRock, North Carolina.
Tune in live each week onMonday mornings at 9.05 on WTZQ
(25:50):
FM 95.3 and 1600 AM or streamonline at WTZQcom.
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