Welcome to the October edition of the 2014 Denver Real Estate Market Newsletter.
BOO! HAPPY HALLOWEEN FROM THE SOBANIAS!
THE MARKET HAS SHIFTED!
The market has shifted! Not an extreme shift, but a shift from the frenzied, Seller’s Market we’ve enjoyed since 2012, to more of a normal market of moderate but sustainable appreciation. This shift isn’t a big surprise to anyone except a few sellers who still have their overpriced homes on the market. Those sellers are wondering why they haven’t yet received an offer. It was just a few months ago that their neighbor’s homes were selling in just a few days, often times with multiple offers, at or above list price. As we head into the holiday season, seasonal market factors come into play and the remaining, unrealistic sellers will have to make substantial price reductions.
Buyer Opportunity: Buying during the slower, winter months offers a great opportunity. With fewer buyers in the market, it’s unlikely you will end up in a bidding war with another buyer. Additionally, home prices are slightly lower, due to the lower buyer demand. Combined with the current lower mortgage interest rates (which are now in the low 4’s), buyers taking advantage of this market will be able to afford “more home,” whether it be a larger home, better location, or higher quality.
Please reference the real estate articles and charts I’ve assembled for you in the Real Estate News section below.
FACEBOOK AND PAUL’S MOBILE REAL ESTATE APP
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).
Search homes for sale on your smart phone or tablet using my home search app. Log in to the iTunes Store or Google Play and download the Keller Williams app. When prompted, type in the code ‘KWKB85L’. For simple downloading instructions use this link,www.PaulMobileApp.com.
SEPTEMBER 2014 REAL ESTATE MARKET TRENDS
DENVER REAL ESTATE MARKET TRENDS
REAL ESTATE NEWS
Home value appreciation has peaked Read More
Home prices show slower year-to-year increase Watch Video
Metro Denver home prices at all-time record high Read More
Denver-area home market continues cool-down Read More
Metro Denver luxury home sales up 4% so far this year Read More
Only 10.7% of all mortgaged homes still underwater Read More
Denver apartment vacancy level drops below 4% Read More
Douglas County building three new, bigger libraries Read More
Charles Schwab opens new regional headquarters in Lone Tree Read More
Chatfield Reservoir expansion approved Read More
Castle Rock completes first phase of Meadows Extension project Read More
Colorado’s latest hail storm ranks among the top 10 for damage Read More
L.L. Bean to open its first Colorado store at Park Meadows Mall 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.
Free Real Estate Tools
When searching for homes for sale anywhere in the Denver metro area use this link, Interactive Map-Based Home Search. This interactive, map-based home search tool makes looking for homes fun and easy. If you are interested in a specific neighborhood, whether it is your current neighborhood or the one that you hope to move to someday, this site can send you e-mail notifications when new homes come onto the market. Happy home searching!
Please call me with your real estate questions. I’m always happy to help you navigate through this constantly changing real estate market!