The Brian Petrelli Team Blog

Over the past few years, most of our investor clients have been buying Denver foreclosures primarily to “buy and hold” (read: buy, fix and rent out). This had been a dramatic shift from the way many investors had made their money in the prior year, specifically focusing on Denver Fix and Flip homes. The lack of appreciation over the past few years had made these fix and flip homes far less desirable and more difficult to profit on.

However, with the recent increases in housing values we’ve been seeing on Denver homes (8%-13% year-over-year across the metro area) many investors are beginning to move, albeit slowly, back into the fix and flip market.

The dilemma faced by these investors is that in the past 6+ months, the available inventory of homes, specifically Denver foreclosures, has drastically diminished leaving investors to compete with each other and the high number of standard buyers competing for the scarce supply of homes. But as we see the inventory slowly begin to rise, we are seeing more and more investors getting back into the game.

It will be interesting to see if values to continue to appreciate over the coming months, but as with most great markets, by the time many investors decide to move, the best gains are already gone.

If you would like to talk to our team of experst on Denver fix and fllips and Denver Distressed property, give us a call at 303-726-1874.

The number of available Parker Foreclosures is very low right now. Currently, there are only 6 active single family parker foreclosures on the market. One of those homes is this great new HUD listing in the Cottonwood Parker area offered at just $145,000.

This is a 3 bedroom, 2 bath ranch style home with nearly 1,200 finished square feet. As with most Denver HUD homes, this home needs a little work to make it your perfect home, but at this price, it is hard to match it for value.

The Cottonwood area is located just north of E-470 making it one of the closest areas in Parker to the DTC and downtown Denver. It’s easy access to E-470 makes most commutes in the Denver area a breeze.

HUD bids are being accepted for 7 more days, so if you are interested in the home, call one of our HUD experts today to see it at 303-726-1874. Remember, not all agents can place bids on HUD homes, so make sure you are working with an agent who can help you bid on all of the available Parker foreclosures on the market. With the heavy competition for Parker homes, you need every advantage you can get!

Cottonwood Parker Homes:

HUD Owned Home 8895 cottonwood way parker 80134 $145,000.00

Beds: 3 Fin Sq Ft: 1193 Baths: 2 Year: 1982 Acres:0.11 # of Photos Avail: 12 V-tour Available: No MLS #: 1211394 Status: Active Listing Office: elist realty llc

Broker Remarks: lots of potential in this 3 bedroom 1.5 bath home on large lot in cottonwood. property has a large eat-in kitchen and li… more…

Finding Highlands Ranch condos for buyers is becoming one of our team’s most challenging tasks. The number of available units on the market is a fraction of what it has been in previous years, and when a condo does hit the market, they last only a few days.

We have posted the Sold statistics for Highlands Ranch condos below. Perhaps the most striking number is the median total days on market number of 8. This is incredibly low and means that most homes are on the market for 8 days before going under contract. (We use the median, rather than average because it tends to remove outliers such as new construction home listed for months before construction, etc.)

If you are a buyer looking at Highlands Ranch homes, make sure we know what you are looking for so we can notify you when a home hits the market (many times we can tell you before it is listed on the MLS0. This is your best opportunity to find a home and make strong bids to help you beat out other buyers. You can reach us at 303-726-1874.

Recently Sold Highlands Ranch Condos:

 Based on information from Metrolist®, Inc. for the period January 2013 through July 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

In the next few days, Donna Jaorck will be listing this fantastic home in the Park Forest Denver homes neighborhood. We wanted to give you a chance to see it before it hits the market. With the rate at which Denver homes are selling, this home will not last long so call us this weekend to see it before anyone else: 303-726-1874.

9891 E Ohio Avenue Denver
Priced at $324,000

PArk Forest Denver Neighborhood
-4 Bedroom
– 3 Bathroom
– 2,600 Sq/Ft main levels
– Master Suite with Balcony
– Upgraded gourmet Designer Kitchen
– Side Load Garage
– Sauna in Basement
– Basement /Unfinished
– New Windows
– Two Fireplaces
– Hardwood Floors
– Tile Floors

Attached Side load garage. The Oversized functional gourmet kitchen is a Cooks Delight!! Upgraded Cabinetry with roll out shelving, the finest cooking surface available in the U.S., top of the line dual fuel/electric (electric oven/convection oven, bread oven and broiler) with 4 regular gas burners and a 50,000 BTU center burner for extra fast boiling of water. Built in kitchen planning desk, glass fronted showcasing cabinets all within reach of a pleasing and warm breakfast area complete with brick fireplace and hardwood flooring throughout. Patio sliding doors lead to a mature and private back yard complete with tree house. Formal Dining and Family room as well as main floor study with built ins complete the main floor. On the second floor you will find 3 large bedrooms and a full bath as well as an oversized Master Suite with fireplace as well. There is also an unfinished basement with a Sauna, laundry area and plenty of storage. 

Parkfield Denver homes have been selling FAST! This is especially true for the 2 bedroom, 1 bath model. Over the past few months, there have been only a few of these highly desirable homes that have come on the market, and most have sold in days. That’s why we wanted to make you aware of this great home before it hits the MLS! Why buy a condo when you can get a single family home for the same price?

This great home has been meticulously maintained and has new exterior pint, newer carpet, a spacious, well taken care of backyard, an oversized attached garage and so much more. Walking distance to a great park, shops and more, this home is going to go fast, so if you want to see it before its hits the market, call our team today at 303-726-1874!

5136 Kalispell St – Parkfield Denver 

2 Beds

1 Bath

Oversized 1 car attached garage

960 sqft

Fantastic backyard, newer paint, newer carpet, meticulously maintained,walk to parks

The market for Denver homes is on fire. All of the recent reports we have detailed on this blog show year-over-year appreciation at between 8%-13%. With interest rates ticking up, don’t wait to get into a home. Give us a call today to get the process started!

We’ve been working with several buyers interested in the Clocktower Highlands Ranch condos that are currently being built. These great units are going up near Lucent and Broadway and are within walking distance to Civic Green Park and the Highlands Ranch library.

While smaller in size than many other Highlands Ranch condos, the quality and efficiency of the layouts help these units stand apart. In addition, the building amenities and the ideal location so close to shops, restaurants and bars make this a highly sought after development.

We had a client ask us to do some research on the Sold units in the Clocktower Highlands Ranch condos, so we thought we would share the data here. If yo would like a more specific range of data, or data on another complex in Highlands Ranch, please give our team of experts a call at 303-726-1874. One of main office locations is just minutes from here, and we would be happy to help educate you on your options.

Sold Clocktower Units in Highlands Ranch:

Based on information from Metrolist®, Inc. for the period July 2012 through July 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

This Saturday, Donna Jarock on our team will be holding open this great 3 bedroom townhome in the Sunburst Aurora Townhome community from 1-3.

This great two story townhome has hardwood floors, a new main floor bathroom, an attached garage, fireplace and tiled floors in the kitchen. This is a townhome you have to check out. Threee bedrooms Aurora Townhomes priced under 4150,000 in this condition are hard to find!

If you can’t make the open house tomorrow, give our team a call at 303-726-1874 to set up a time to see the home for yourself.

Open House

Saturday, July 20 1 p.m. – 3 p.m.

16031 e radcliff pl aurora, CO 80015 $145,000.00

Beds: 3 Fin Sq Ft: 1270 Baths: 2 Year: 1980 # of Photos Avail: 14 V-tour Available: No MLS #: 1209395 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: we are ready to move*excuse our boxes*hardwood floors*new main floor bath*great attached patio which can be extended per… more…

Directions: From Parker Rd, East on Quincy to Memphis. Go South. First right up to Radcliff Pl. Home is on your left.

One of the most popular neighborhoods for buyers looking at Aurora Townhomes under $150,000 is the Louisiana Purchase Neighborhood. This great area is located in the center of Aurora, just north of Jewell with easy access to E-470, I-225, I-70 and more. The neighborhood offers two story townhomes with attached garages and is close to Buckley Air Force Base, High Plains Park and Side Creek Park.

Darcy Truppo on our team just put this great 2 bedroom home on the market in the neighborhood and we wanted to post it here for you to see. This great home has a 2 car attached garage, 3 bathrooms, 2 master bedrooms, newer paint and plenty of space. If you are interested in seeing it, call our team at 303-726-187 before it’s gone.

Louisiana Purchase Aurora Townhomes:

Aurora Townhomes and Condos are selling quickly. With Denver area condos appreciating at 13% a year and interest rates creeping up, if you are thinking of buyin a home, you need to get off the fence! Call our team today to talk about your options and the many different low down and grant mortgage programs available to you.

The market for Colorado Springs homes is hot! In fact, the average days on market for a home in the Colorado Springs area is lower than it has been since 2006 (62 days on market). The most desirable homes are selling in days – not months or weeks, and much of this is due to the incredibly low inventory of available homes (roughly half of what was on the market just 3 years ago).

The data comes from an article posted this week in the Colorado Springs Business Journal:

As of June 30, single-family homes spent an average of 62 days on the market, the lowest number since June 2006, when the Pikes Peak Association of Realtors started keeping records.

The total number of active listings is extremely low at 3,450, said Fred Crowley, associate director of the Southern Colorado Economic Forum. He compared that number with around 6,000 active listings in June 2010.

“The available homes for sale has decreased 40 percent over three years ago,” Crowley said. “These numbers are just mind-boggling.”

A total of 1,114 homes sold in May, an increase of 20.4 percent over the 925 homes sold in May 2012. The momentum continued in June as 1,104 homes sold, compared with 846 in June 2012, an increase of 30.5 percent, said Joe Clement of RE/MAX Properties.

From January through May of 2012, 3,420 homes sold, compared with 4,233 this year, an increase of 23.8 percent, according to figures from the PPAR.

These numbers are insanse and explain why buyers looking for Colorado Springs homes are having such a hard time.

Besides the standard resale market, the number of available Colorado Springs foreclosures has dropped sharply over the past year and is just increasing the difficulty buyers are having finding homes to buy.

If yo are in the market, make sure our team is aware of your needs so we can keep an eye out for the newest listings as the hit the market (or before). Give us a call at: 719-641-4209

Our team is excited to announce our latest listing in The Hearth Highlands Ranch neighborhood. This great home has nearly 3,200 finished square feet, 5 full bedrooms plus a loft, 4 bathes, an extended 3 car garage, huge deck with mountain views and more. THis home will not last at this price, so if you are interested in learning more about it, give our team a call at 303-726-1874 today.

The Hearth is on of the most popular areas for Highlands Ranch homes and is always in high demand. Currently, there are only 4 active homes in this neighborhood, and none can match this home’s price per square foot.

The Hearth Highlands Ranch Homes:

10545 wagon box cir highlands ranch 80130 $424,900.00

Beds: 5 Fin Sq Ft: 3187 Baths: 4 Year: 2004 Acres:0.15 # of Photos Avail: 14 V-tour Available: No MLS #: 1209125 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: 5 bedrooms plus massive loft 4 baths 3 car garage (extended garage fits excursions and extended suburbans) corner lot. t… more…

The market for Highlands Ranch homes is highly competitive. If you are looking, make sure our team knows about your needs so we can alert you of the newest listings the day they hit the market. In this market, the best homes rarely last more that 48 hours before they are under contract!