The Brian Petrelli Team Blog

Our team does a great deal of work in the Green Valley Ranch neighborhood and we are always keeping our eyes open for new properties to hit the market. Over the past few months, the number of foreclosures in the area has been significantly lower than in the past. However, this weekend, HUD listed a home on Randolph place with 3 beds, 3 baths and well over 1,800 finished square feet.

The home is in a great location with a park just a couple of blocks away, easy access to shopping and schools. The laundry room is located conveniently upstairs ad the washer and dryer are included. Check out all of the photos on our website to see all that this great home can offer you, and then give one of our Denver HUD home experts a call at 303-726-1874.

Green Valley Ranch:

HUD Owned Home 19859 east randolph place denver 80249 $195,000.00

Beds: 3      Fin Sq Ft: 1853 Baths: 3     Year: 2006 Acres:0.07 # of Photos Avail: 20 V-tour Available:  No MLS #: 1248213 Status: Active Listing Office: diamond realty alliance

Broker Remarks:  ready to move in hud home in green valley ranch! adorable two story home in quite and cozy subdivision in gvr, close to … more…

Denver homes are still moving quickly, and the number of Denver foreclosures continue to plummet. If you are looking to buy in the near future, make sure our team knows what you are looking for so we can keep you informed of the newest listings to hit the market.

We have a client looking in the Powderhorn Littleton neighborhood, and we have been researching market comparables for them We ran a report of the recent sold homes in the area, and we thought it was worth posting here.

As you can see, the market in Powderhorn is just as hot as the rest of the Littleton market. Homes are currently selling in an average of 31 days, and the more accurate median days on mrket (DOM) is only 8! (The average and median for all Littleton homes is 37/13 respectively).In addition, homes in Powderhorn are selling for an average of 98.9% of their list price (Littleton’s overall average is 98.44).

If you are considering selling your home, give us a call. We have several buyers looking in the area and can show you how to take full advantage of the low inventory on the market by using our unique marketing. Call us today at 303-726-1874.

PowderHorn Homes:

Sold

More good news came out for the Colorado Springs Housing market this week. According to a report published in The Gazette, the median price for Colorado Springs homes rose 3% from the same period a year earlier.

The report also shows the 16 straight month of increased sales when data is compared year-over-year. The number of home sold in the most recent period is 17% higher than the same period in 2012.

The entire article and report is worth a read and shows that the real estate recovery is not isolated to only the Denver homes market.

From the Gazette:

Single-family home sales totaled 929 in October, a 17 percent increase over the same month last year, the report showed. Sales have risen for 16 straight months on a year-over-year basis.

Through the first 10 months of 2013, single-family home sales totaled 9,398, up 22 percent from the same period last year.

Three out of every four homes that were sold in October were priced at $300,000 or less, continuing a trend over many months in which lower-priced homes drove buying and selling activity. Higher-end homes – $400,000 and up – accounted for 10.5 percent of sales last month, compared with 9.8 percent in the same month last year.

The median price – or mid-point – of homes that sold last month climbed 3 percent to $218,000 when compared with prices of homes sold in October 2012. Prices have risen for each of the last 20 months.

Read more at http://gazette.com/colorado-springs-area-home-prices-and-sales-rise-again-in-october/article/1508998#eA3mobOyfOlVxuIZ.99

Our team has been working for a couple of months on a fantastic short sale in Parker. This week, we were finally given an approved price that the bank will accept and it makes this home a terrific deal.

With over 3,000 square feet plus an unfinished walk-our basement, this 4 bedroom, 4 bath home in The Villages of Parker overlooks a golf course, has wood floors, and tons of upgrades. The kitchen has a double oven, granite, cook top stove and more. Make sure you check out the pictures and see everything this home has to offer. Contact us to see it today at 303-726-1874.

You won’t find a better deal on a Parker home and with the short sale negotiations almost complete, you can close by the end of the year!

The Villages of Parker:

Sometimes agents use the word “remodeled” very loosely. A Seller puts in a few new appliances and suddenly the home is touted as being a “Remodeled Home;” that is not the case with this stunning townhome in Broomfield.

Our latest listing in the Sunridge Townhomes neighborhood is a true remodel and it is beautiful! A few of the highlights in this gorgeous home: granite counters, stainless steel appliances, tile and wood floors, crown molding, newer carpet, designer paint and more. The home backs up to open space and is everything you’ve been looking for.

Priced at just $189,500, we are expecting heavy interest. If you’d like to see it, call one of our agents today at 303-726-1874.

Sunridge Townhomes:

2006 sunridge circle broomfield, CO 80020 Sunridge $189,500.00

Beds: 2      Fin Sq Ft: 986 Baths: 2     Year: 1986 # of Photos Avail: 22 V-tour Available:  No MLS #: 1247390 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks:  stunning remodel!!granite countertops,stainless steel appliances, backsplash,tile floors,crown molding,wood floors and n… more…

Shelbi Harris on our team just listed a fantastic brick ranch in Thornton. The home boasts a remodeled kitchen, three bedrooms, two baths, formal dining room with hardwood floors, a huge yard and a carport and RV parking!

Located just south of Thornton Pkwy a half mile east of I-25, this ranch offers easy access to I-76 and Highway 36. Just 15 minutes t downtown, this home offers everything you want and it’s priced at just $160,000!

Thornton Homes:

9411 rose court thornton,CO 80229 $160,000.00

Beds: 3      Fin Sq Ft: 1176 Baths: 2     Year: 1955 Acres:0.15 # of Photos Avail: 25       V-tour Available:  No MLS #: 1247106 Status: active Listing Office: mb the brian petrelli team

Broker Remarks:                      Very Nice Starter Home Well Maintained 3bed 2 Bath Master Bedroom With Master Bath.Open Floorplan Remodeled Kitchen With All Appliances With 42′ Maple Cabinets. Evap Cooler Newer Hot Water Heater Formal Dining Room With Hardwood Floors Large Living Room. Plenty Of Parking Carport and Rv Parking. Huge Fenced-In Yard With …

A three bedroom single family home in this area of Thornton for under $200,000 is a fantastic deal and we expect to see heavy activity on this listing. If you, or someone you know, is looking in the north Denver area, check this home out. It is close close to Commerce City and Northglenn, so if you are looking in those areas, this great house may be worth considering. 

About a mile east of Mainstreet in Parker is the incredibly popular Villages of Parker neighborhood. Homes in this area start in the low $200’s and reach the mid $500’s for larger homes of over 4,000 finished square feet. It’s central location and close proximity to everything that Parker has to offer make it a great area for all ranges of buyers.

Yesterday, Mike Biesboer on our team listed a stunning 3 bedroom, 3 bath home with a walkout basement and an oversized garage in The Villages of Parker. With the high demand this area is experiencing, we expect this home to sell quickly. If this is an area of Parker you are interested in, give our team a call to schedule your private showing today at 303-726-1874.

Parker Homes:

22159 wintergreen way parker, CO 80134 $292,500.00

Beds: 3      Fin Sq Ft: 1620 Baths: 3     Year: 2000 Acres:0.15 # of Photos Avail: 1 V-tour Available:  No MLS #: 1246787 Status: active Listing Office: mb the brian petrelli team

Broker Remarks:  stunning home with large deck & views in great condition! larger walkout basement to large beautiful yard! oversize gara… more…

The market for single family homes in Parker is still very much a sellers’ market. Homes are moving quickly and supply is limited. In addition, the total supply of Parker foreclosures currently stands at just 11. This is a drastic reduction from years earlier and is forcing many investors into the “normal” resale market, further reducing supply. Give us a call for more information. Many of our agents live in the Parker area and are intimately familiar with the market.

The Southbridge Townhome complex in central LIttleton has always been a popular neighborhood in high demand. With the rebound in the housing market over the past year, this area has seen an influx of buyers and finding a home on the market here is challenging. 

That’s why we were excited to see HUD release a 2 bedroom, 4 bath townhome in this complex this morning. Not only is it the only foreclosure in the complex, it is the only active listing! This is an amazing opportunity. The home has well over 2,100 finished square feet, two master suites, an attached 2 car garage.

We anticipate multiple bids for this home, so if you think you may be interested, give us a call today and we can explain the bidding process on Denver HUD homes and how it differs from traditional sales and other foreclosures.

This is truly a rare opportunity for a Littleton townhome, so don’t wait!

Southbridge Littleton Foreclosure:

HUD Owned Home 249 west jamison circle littleton 80120 $208,000.00

Beds: 2      Fin Sq Ft: 2124 Baths: 4     Year: 1996 # of Photos Avail: 25 V-tour Available:  No MLS #: 1245941 Status: Active Listing Office: savannah heights realty llc

Broker Remarks:  this is a wonderful two story town home with a nice open floor plan that is perfect for entertaining. this home includes…more…

The market data for Denver Luxury homes continues to impress. With the data from October just coming in, it looks like sales of Luxury homes in the metro area are up 35% year over year. This is great news and surpasses the overall market in terms of a percentage increase (20.6% increase in overall sales compared to last year).

Insiderealestatenews.com has details on the full report:

Luxury home sales in the Denver area dipped on a year-over-year basis in October for the first time this year.

A report by Kentwood Real Estate showed that 52 homes priced at $1 million or more closed in October, a 7.1 percent drop from the 56 in October 2012.

By contrast, the overall market saw sales rise by 13 percent in October from a year earlier.

However, in the first eight months of the year, luxury home sales are up 34.6 percent, compared with a 20.6 percent rise for the entire market.

Through October, well-heeled consumers bought 591 luxury homes in the counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson.

During the same period last year, buyers bought 439 luxury homes.

The year-to-date dollar volume showed a similar trend, rising 32.9 percent to $896.6 million from $674.6 million.

In October, the closed volume was $77.2 million, down 6.1 percent from $82.2 million in October 2012.

This is just the latest in a long string of positive news for luxury homes in Denver. We will continue to watch the numbers as they are reported by other companies such as CaseSchiller, etc.

In the meantime, we continue to stress that your local market may be quite different. Each neighborhood can have its own ups and downs. For a detailed report on your area or neighborhood, contact us today at 303-726-1874 and we can run a full report for you.

The numbers for Denver Homes continue to remain positive. We have been reporting the numbers from the Denver MLS, but yesterday, CoreLogic released their latest statistics for the metro area and we wanted to highlight them here.

The latest numbers are for September and they show a 10.2 percent increase in prices from September of last year. These number include distressed homes in Denver (short sales and foreclosures) but the full report gives data for numbers without factoring in distressed homes.

From The Denver Business Journal:

Home resale prices in the Denver metro area rose 10.2 percent in September from the same month of 2012, CoreLogic Inc. said Tuesday in its monthly Home Price Index report.

Month to month, prices in the Denver-Aurora-Broomfield area, excluding Boulder County, slipped 0.1 percent from revised August levels, CoreLogic said.

Those price comparisons included sales of “distressed” homes — generally those sold by a bank or lender after a foreclosure. Excluding distressed sales, resale prices rose 9.5 percent year over year in metro Denver and were flat between August and September 2013.

The flattening out of numbers from August to September could be seasonal, or it could show a slightly slowing market. We’ll continue to watch data reports from all sources and keep you updated here. In the meantime, if you would like to talk to one of our agents, you can reach us at 303-726-1874.