In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

🔥 Meme of the Day

🏡 Cary Real Estate: Properties Sold in Cary Last Week

❤️ Thank You for the Flowers! Curtis Leary

💡 Understanding the NAR Settlement for NC

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Properties Sold in Cary, NC for Week of 15 September 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 18 properties sold in Cary, NC during the past week. Please note that we exclude land sales and townhouses. Here are a few statistics based on the sales from this past week(short week because of 4th of July Holidays):

The average price for all properties sold is $671,356

The average size in square feet for houses sold is 2,508

The average price per square foot for houses that sold is $273

The number of homes sold by Postal Code:

• 27511: 6 homes

• 27513: 5 homes

• 27518: 2 homes

• 27519: 5 homes

• 27539: 0 homes

The properties are listed from highest SOLD PRICE to lowest:

 Click on the address to view listing.

106 Caviston Way, Cary, NC 27519, Sold Price: $1,300,000, Beds: 4, Baths: 3.5, Size: 3681 sqft

303 Chalon Dr, Cary, NC 27511, Sold Price: $1,251,500, Beds: 4, Baths: 2.5, Size: 3439 sqft

536 Spring Flower Ct, Cary, NC 27511, Sold Price: $938,400, Beds: 5, Baths: 5.0, Size: 4758 sqft

105 Blooming Forest Pl, Cary, NC 27518, Sold Price: $832,000, Beds: 5, Baths: 3.5, Size: 3506 sqft

738 Blackfriars Loop, Cary, NC 27519, Sold Price: $789,000, Beds: 3, Baths: 3.0, Size: 2466 sqft

201 Erskine Ct, Cary, NC 27511, Sold Price: $730,000, Beds: 4, Baths: 3.5, Size: 2688 sqft

100 Franklin Chase Ct, Cary, NC 27518, Sold Price: $655,000, Beds: 4, Baths: 4.5, Size: 3227 sqft

106 Reton Ct, Cary, NC 27513, Sold Price: $580,000, Beds: 3, Baths: 2.5, Size: 2346 sqft

728 Hewespoint Ct, Cary, NC 27519, Sold Price: $577,000, Beds: 3, Baths: 2.5, Size: 2288 sqft

503 Wakehurst Dr, Cary, NC 27519, Sold Price: $575,000, Beds: 4, Baths: 3.0, Size: 2501 sqft

101 Mayodan Dr, Cary, NC 27511, Sold Price: $566,500, Beds: 3, Baths: 2.0, Size: 1437 sqft

203 Trackers Rd, Cary, NC 27513, Sold Price: $535,000, Beds: 4, Baths: 2.5, Size: 2279 sqft

114 Antler Point Dr, Cary, NC 27513, Sold Price: $530,000, Beds: 4, Baths: 3.0, Size: 1935 sqft

205 Youngsford Ct, Cary, NC 27513, Sold Price: $520,000, Beds: 5, Baths: 2.5, Size: 2591 sqft

313 Indian Elm Ln, Cary, NC 27519, Sold Price: $500,000, Beds: 2, Baths: 2.0, Size: 1600 sqft

106 Whitehall Way, Cary, NC 27511, Sold Price: $460,000, Beds: 3, Baths: 2.5, Size: 1808 sqft

112 Bright Angel Dr, Cary, NC 27513, Sold Price: $385,000, Beds: 3, Baths: 2.0, Size: 1263 sqft

201 Dundalk Way, Cary, NC 27511, Sold Price: $360,000, Beds: 3, Baths: 2.0, Size: 1342 sqft

Click Here For the Full List of All Properties Sold Last Week

Understanding the NAR Settlement for NC

These articles are for informational purposes only and is not a substitute for professional advice from your trusted real estate advisor. Contact a qualified real estate agent to answer any questions that you may have. The content below is republished with permission of Nina Gervase.

As you already know, there have been some changes to the real estate industry after the NAR settlement that addressed buyer agent compensation. Many people have questions about it and are very confused about what it means going forward.

Here is a YouTube video that explains how the changes affect us in North Carolina.

The biggest take away points are these:

• Buyers will be required to sign a buyer agency agreement BEFORE going to see any homes.

• NC Exclusive Buyer Agency Agreements always stated that we don't work for free... that our compensation is a certain amount and that we will seek to get that compensation from the seller first. The agreement always stated that if the seller does not agree to pay for some or all of the compensation, then the buyer would pay it. 

• NC Exclusive Right To Sell listing agreement breaks out the listing firm's compensation separate from the buyer's agent compensation... stressing that offering compensation to the buyer agent is not mandatory (nor is there a set amount) and should be a part of the negotiations if you choose to offer it.

• Compensation will no longer be listed in the MLS, so buyer agents must call the listing agent to confirm whether or not a seller is offering buyer agent compensation and the potential amount. This may affect a buyer's negotiations.

Q: Are sellers still offering compensation to buyer agents in our area? In most cases, the answer is yes thus far. We have not truly seen a change because many sellers understand two things:

1. the buyer always technically paid the compensation because the seller collected all of the proceeds from the buyer and then distributed compensation from that pot of money

2. buyers may alter their offers downward if they need to save money to pay for their agent's compensation

If you would like more information about the NAR Settlement, please click here.

Interested in learning more? Connect with Nina 👋

E M A I L ➳ [email protected]
P H O N E ➳ (919) 323-0880