PAUL'S REAL ESTATE MARKET NEWSLETTER- MAY 2015
Welcome to the May edition of the 2015 Denver Real Estate Market Newsletter.
Don’t Defer Home Maintenance
If given the choice to go on a family vacation or to use that same money towards home maintenance, I would most likely choose the family vacation. We love the beach and there is nothing better than sipping on a Pina Colada while soaking up some sun. While family vacations are important, the cost of deferring home maintenance can be expensive, as my wife, Jenny, and I recently experienced.
Shortly after moving into our home, we noticed water damage around the living room picture window. After some investigation, we concluded that it wasn’t the window itself that was leaking, but a poorly designed gutter system above the window. Water from the second story roof was working its way behind the exterior lap siding, running down the inside wall cavity, and finally exiting through the side of the window frame. Rather than immediately dealing with the issue, we decided to monitor the situation hoping it would magically fix itself. Wishful thinking!
After waiting two years, what would have been a simple repair turned into a major project. The entire picture window had to be replaced, as did part of the roof, exterior siding and sheathing, costing thousands of dollars.
The moral of the story is to address maintenance issues sooner rather than later, or risk paying a much higher price down the road. 
Client Testimonials
Testimonials are a wonderful tool I like to share with clients, to help me promote my real estate services. Prospective clients like to know that someone just like them received real benefits when they hired me as their Realtor. Below are a couple of my newest testimonials from recent clients:
I met Paul through my work at Wells Fargo and was impressed by his professionalism! When it came time for us to list our home, I gave him a call. My husband and I were retiring after long careers, and making a move out of state, all at the same time…On top of that, our house had sustained significant damage from a hail storm, so we were still working through the repairs during the sale of our house. A lot was going on! It all turned out great: We sold our house very quickly for top dollar…Paul did a superb job. He is extremely knowledgeable and collaborated with us beautifully. One of the most valuable skills Paul has is he communicates so well with all the parties involved and in a proactive manner. That helps keep things moving along, which was so important in a transaction with as much complexity as ours. I can’t thank Paul enough for doing such a great job for us!
Kate and Don B.
As first time home buyers looking to move into one of the hottest neighborhoods in Denver, Wash Park, we really needed an agent who would be there to answer all of our questions and help us jump on the right home when the time was right. We appreciated Paul’s honest approach to the home selection process. We never felt like he was biased towards one home or another, but was always keeping our interests and needs in mind. We found Paul to be very helpful and always available for whatever we needed — he went above and beyond, even after we closed on the home!
Matt and Alyssa T.
New Listing in Castle Rock – Coming Soon
In two weeks, this beautiful ranch style home will come on the market. The sellers are working hard to get it ready, installing a new roof, painting the interior/exterior, and staging every room. The house backs to the Plum Creek Golf Course and offers panoramic views from the 30’x13′ deck. There are three bedrooms, three baths, a main floor study and 3,800+ finished square feet. This one is special and is offered at $559,900. 
DATA GEEKS, NEED MORE DATA?
Use this link to view the Metro Denver Real Estate Statistics. Single family highlights, comparing April 2015 to April 2014, are as follows:
- Percentage of List Price to Sold Price: 100.8% (The average sale is above asking price)
- Days on Market has decreased 26.5% to just 25 days
- Active Listings or the number of homes for sale has decreased 37.0%
- Average Sale Price has increased 12.1% to $426,243 (This is a record all time high for Denver!)
Here is what’s happening in your local real estate market.
- Castle Pines
- Castle Rock
- Centennial
- Denver
- Greenwood Village
- Highlands Ranch
- Littleton
- Lone Tree
- Parker
Paul’s Facebook Page
Please ‘Like’ my Facebook business page. Use this link to be redirected to ‘Paul Sobania – Real Estate’ and click on the ‘Like’ button (log in to Facebook.com if needed).
APRIL 2015 REAL ESTATE MARKET TRENDS
DENVER REAL ESTATE MARKET TRENDS
REAL ESTATE NEWS
Metro Denver again sees fastest-growing home prices of big U.S. cities Read More
Metro Denver residential property values soar Read More
Passing $400K, average Denver-area house sale prices hit all-time high Read More
INVESTOR NEWS
Median rents in metro Denver jump 13% Read More
ECONOMIC NEWS
Comcast is creating a campus, adding jobs in south metro suburbs Read More
OTHER NEWS
Safeway to close nine grocery stores in Denver area Read More
Lone Tree Library breaks ground Read More
10 best Colorado cities for millennial job seekers (Slideshow) Read More
Millennials are now the work force’s largest age group Read More
THANK YOU FOR YOUR BUSINESS AND REFERRALS!
If you or someone you know is thinking about buying or selling a home, please let me know. It would be my pleasure to work with you or your referral. My commitment to my clients is to treat them with the utmost care as they work towards buying or selling a home. Referrals are the core of my business and are always appreciated.
Please call me with your real estate questions. I’m always happy to help you navigate through this constantly changing real estate market!