This month we are going to start with some changes in the way we will be transacting real estate in much of the United States, followed by our regular monthly market report.
CHANGES:
CHICAGO (August 1, 2024) – The National Association of Realtors® reminds members, real estate professionals, and consumers that on August 17, 2024 the practice changes following NAR’s Settlement Agreement that would resolve claims brought on behalf of home sellers related to broker commissions will be implemented across the country.
NAR recommends all MLSs implement practice changes by August 17. Realtor® MLSs (those owned exclusively by one or more Realtor® Associations) must implement the changes by this date to remain in compliance with NAR policy.
Under the settlement, the following practice changes will take effect:
- Offers of compensation will be prohibited on Multiple Listing Services (MLSs). Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Offers of compensation help make homeownership and the benefits of professional representation more accessible to buyers—especially first-time homebuyers—increase homeownership opportunities for historically underserved groups, and benefit sellers by expanding the potential buyer pool and ensuring they receive the best offer possible for their property.
- Agents working with a buyer must enter into a written buyer agreement before touring a home. The practice changes do not require an agency agreement or dictate any type of relationship. NAR encourages all members to address form changes and prepare to educate real estate professionals and consumers about revised forms as soon as possible ahead of August 17. NAR policy does not dictate terms of buyer agreements, but NAR has created resources to assist with implementation of the settlement terms—such as tips on clarity and emphasizing consumer choice and a “Written Buyer Agreements 101” resource.
SOURCE:
MARKET REPORT:
The table below shows the SFR sales in select cities in Marin and Sonoma Counties for the month of July 2024, sorted alphabetically by the name of the City.
The homes that are selling, are selling quickly. However, there are many homes to choose from that are not selling (remember, you only get one chance to make a 1st impression).
To see what is currently for sale, click the name of the City in the table below. The default sort within those searches, which you can change, is by newest.
And updated to reflect new business to support (and those no longer):
– shop small in Marin County
– shop small in Sonoma County
If you have any questions at all, or if you or someone you know is thinking about buying or selling a home, please contact me today.
| City |
# of |
Average Days On MLS |
Average Original Asking Price |
Average Final Selling Price |
# Sold AT Asking Price |
# Sold |
| Corte Madera |
7 |
18 | $2,189,429 | $2,314,000 | – |
6 |
| Cotati |
4 |
85 | $957,500 | $924,278 | – |
1 |
| Fairfax |
10 |
34 | $1,164,079 | $1,161,850 | 1 |
4 |
| Glen Ellen |
5 |
120 | $1,987,000 | $1,585,000 | – |
– |
| Greenbrae |
6 |
65 | $2,793,167 | $2,564,167 | – |
2 |
| Healdsburg |
11 |
39 | $1,573,091 | $1,565,068 | 2 |
3 |
| Kentfield |
6 |
34 | $4,696,667 | $4,220,833 | 3 |
– |
| Kenwood |
2 |
35 | $1,395,000 | $1,360,000 | 1 |
– |
| Larkspur |
7 |
49 | $2,882,857 | $2,814,857 | – |
2 |
| Mill Valley |
23 |
35 | $2,573,391 | $2,368,609 | 1 |
9 |
| Novato |
46 |
30 | $1,401,106 | $1,405,261 | 7 |
16 |
| Penngrove |
1 |
20 | $1,695,000 | $1,725,000 | – |
1 |
| Petaluma |
50 |
32 | $1,056,838 | $1,067,838 | 8 |
21 |
| Rohnert Park |
24 |
51 | $796,229 | $793,794 | 1 |
11 |
| Ross |
3 |
42 | $2,496,667 | $2,226,667 | – |
1 |
| Russian River * |
28 |
59 | $718,071 | $687,018 | 2 |
9 |
| San Anselmo |
12 |
21 | $1,504,000 | $1,498,667 | 4 |
4 |
| San Rafael |
41 |
33 | $1,568,317 | $1,503,463 | 4 |
16 |
| Santa Rosa |
143 |
40 | $955,593 | $945,474 | 23 |
59 |
| Sausalito |
5 |
43 | $2,366,600 | $2,408,000 | 1 |
2 |
| Sebastopol |
22 |
59 | $1,264,386 | $1,221,782 | 4 |
6 |
| Sonoma |
28 |
66 | $1,470,821 | $1,420,500 | 5 |
7 |
| Tiburon |
6 |
52 | $2,896,667 | $2,754,167 | 1 |
1 |
| Windsor |
21 |
32 | $888,568 | $867,967 | 4 |
6 |
*Russian River is Forestville, Rio Nido, Guerneville, Monte Rio, Villa Grande, Cazadero and Camp Meeker
These numbers are current as of August 5, 2024 and the source is BAREIS+.
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