Western North Carolina's real estate market is thriving despite widespread misconceptions about interest rates and economic uncertainty. While many believe real estate must be struggling, Henderson County has seen more homes sold this year than during the same period last year – 582 single-family homes compared to 566. Though the average price has dipped slightly from $543,000 to $526,000, the median price holds steady, showing continued strength in the market's core.
What drives this resilience? For one, about 30% of Henderson County's home purchases are cash transactions, reflecting substantial equity positions many homeowners enjoy. More fundamentally, real estate transactions follow life events, not just economic conditions. Whether you're retiring, relocating, or changing family circumstances, these life transitions happen regardless of market conditions.
Beyond traditional buying and selling, the George Real Estate Group specializes in sophisticated investment and estate planning strategies. Many property owners don't realize the tax advantages available to them – from the $250,000 capital gains exclusion ($500,000 for married couples) when selling a primary residence to powerful 1031 exchanges that defer taxes when reinvesting proceeds from investment properties.
For those considering their legacy, Delaware Statutory Trusts (DSTs) offer an elegant solution to common inheritance challenges. Unlike traditional property inheritance that may force siblings into unwanted co-ownership or trigger partition sales, DSTs allow for simple division of interests while maintaining professional management and tax advantages. They're particularly valuable for owners who've fully depreciated their properties or who want to transition from active management to passive investment.
The summer season brings additional vibrancy to our region through the thriving camp industry. With over 50 summer camps operating across three counties, these institutions not only create meaningful experiences for children but generate hundreds of millions in economic impact throughout Western North Carolina.
Whether you're buying your first home, selling an investment property, or planning your estate, let us help you navigate today's opportunities with clarity and confidence. Call the George Real Estate Group at 828-393-0134 or visit us in Flat Rock to discover how our comprehensive approach can serve your unique real estate needs.