The April 2024 Update

WELCOME TO

The April Update

Your guide to real estate in Marin County and beyond

Greetings!
 
Our spring real estate market is well underway, despite lingering rains that delayed the launch of many listings and exacerbated our region's already historically low levels of inventory. Buyers have adjusted to higher interest rates and we're seeing strong demand for this limited supply, with the most activity centered around properties that are priced well and show well.
 
Real estate has featured prominently in the news in recent weeks, and we're following that conversation closely. As always, we encourage you to call us if you have any questions or if we can be of help in any way.
 
With much appreciation,
 
Bill and Ann

SmithAylwin.com

What's Real About the
Recent Real Estate Headlines?
—

As you may have seen or heard, there is a proposed settlement by the National Association of REALTORS® (NAR). While the settlement still requires final approval, there have been plenty of headlines in the media causing confusion.
 
To clarify some of the misinformation about the settlement,
we want to provide a few facts:

 
Sellers retain, as they always have, the discretion to offer compensation to buyers' brokers. The proposed settlement does not prohibit their ability to do so.

Commissions have always been and will continue to be negotiated through transparent conversations with our clients. We believe strongly in transparency around broker compensation.

The proposed settlement would require that every buyer represented by an NAR-affiliated agent sign a Buyer Representation Agreement outlining the relationship between the buyer and broker before touring a property, something that has already been required in many states for over a decade.

Buyers deserve representation at every income level. Our experience has shown that transactions flow more smoothly when there is professional representation on each side, creating open lines of communication which benefit all parties involved.

We work hard to provide value to our clients. As a result, we will continue to encourage a transparent commission conversation that reflects the time, effort, expertise, and support we invest in each transaction.

Compass is fully prepared to adopt the changes laid out as part of the settlement. We see these updates as being positive both for our clients and for the brokerage community, as they provide additional transparency and clarity and will encourage the most professional agents to thrive.
 

If approved, the terms of this settlement will undoubtedly impact certain facets of the residential real estate industry. Our hope is that these changes will provide an opportunity to enhance the professionalism of the industry across the country and elevate Realtors® to the standards we at Compass have always held ourselves to.
 
Real Estate is a relationship-based business, and the trust we’ve earned with our clients is something we greatly value. Together, we will navigate any changes to rules and regulations in our industry while continuing to provide our clients with the same exceptional service we always have.
 
If you have any questions as additional details surface, please don’t hesitate to reach out.

Market Dynamics

We are great fans of Compass' Chief Marketing Analyst, Patrick Carlisle, and we follow his work closely. Below are eight flip books from Patrick's latest trove tracking our ever-changing markets; more are available upon request. Click on the links below for direct access to the flip books.

BAY AREA MARKET SURVEY

BAY AREA MARKET CYCLES

S+A Team Listings

24 Windward Road

3 BD 3 BA 2495 SF $5,995,000

This serene waterfront home is located on a quiet cul de sac bordering a wide expanse of the Belvedere Lagoon.

138-142 Rock Hill Road

Development Opportunity 2.56 Acres $8,000,000

These parcels present an exceptional opportunity to create either one or two exclusive, world-class estates on the coveted Tiburon peninsula.

More Coming Soon!

We are currently preparing a number of properties that will be coming on the market soon. For more information, we encourage you to contact us for details.

S+A Team Recent Sales

seller represented

275 Round Hill Road

4 BD 4 BA 4050 SF $9,200,000

BUYER REPRESENTED

33 Windward Road

5 BD 5 BA 3505 SF $12,485,000

BUYER REPRESENTED

344 Pine Hill Road

5 BD 3 BA 2282 SF $1,660,000

SELLER REPRESENTED

105 Acacia Avenue

4 BD 4 BA 2624 SF $4,100,000

BUYER REPRESENTED

199 New Montgomery Street, #1602

2 BD 2 BA 1089 SF $1,100,000

OWNER REPRESENTED - LEASE

280 Belvedere Avenue

4 BD 6 BA 4336 SF $18,000 MO

April Events
in Marin

The Marin Dish has a wonderful collection of monthly events and activities on its website. Click on the photo to the left for direct access to the April list.

Thanks for reading!
Ready to achieve your next
real estate goal?

We are always here as a resource for you in the Bay Area. We also have partnerships all over the country, so if you're considering a move out of the area, we can help.

GIVE US A CALL

#1 Team in 94920
#5 Team in Marin
Top 100 Small Teams in California
80% Repeat and Referral
 
Bill Smith +
Ann Aylwin
 
Luxury Property Specialists
 
Bill:  415-902-4456  
Ann: 415-902-3909
 
[email protected]  [email protected]
 
DRE 01229913 | 01960821

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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