The Brian Petrelli Team Blog

Jan Phillips on our team is getting ready to list this fantastic 3 bedroom, 3 bath home in the Ken Caryl Littleton area. The home has not been entered into the MLS yet, but the owners are allowing showings through our team. This is your chance to see a great listing in a highly sought after neighborhood before the general public has access to it.

Littleton homes – especially those priced under $350,000 – are moving fast, so don’t let this opportunity pass by!

Here are the basic details of this fantastic, remodeled home. to schedule a showing, call our team directly at 303-726-1874 today!

7248 Mt Holy Cross, Littleton, CO 80127

$315,000

3beds

2.5 baths

Features: Dining room, fireplace, main floor laundry. finished basement with rec room, all new paint, new tile in baths amd kitchen, new carpet, cherry wood floors 

For all of you that have been looking for The Meadows Castle Rock homes for sale, this is the opportunity you have been waiting for! HUD has just listed a 4 bedroom, 2 bath home with over 2,100 finished square feet. At just $240,000, this is a fantastic deal for a home that just needs appliances and a little TLC.

The Meadows in Castle Rock is one of the most popular neighborhoods in the area, and finding Castle Rock foreclosures in this neighborhood is rare. This home will be open for bids for the standard 10 day bidding period offered by HUD, but you need to be working with a HUD authorized bidder. Give one of our HUD experts a call today if you are interested in this home: 303-726-1874.

The Meadows Castle Rock Homes for Sale:

HUD Owned Home 3600 dinosaur st castle rock 80109 $240,000.00 est $

Beds: 4 Fin Sq Ft: 2112 Baths: 2 Year: 2008 Acres:0.09 # of Photos Avail: 10 V-tour Available: No MLS #: 1209191 Status: Active Listing Office: envision it sold, inc

Broker Remarks: rare ranch style home w/ full basement. inviting front porch. cherry cabinets & corian counters. needs appliances & mino… more… Click Here For Full Details & Pics Disclosures

THe market for Castle Rock foreclosures is highly competitive. If you are looking to buy one of these distressed properties, make sure we have you on our list so we can notify you the day a new listing hits the market. Multiple bids on these homes, especially HUD homes, are the rule rather than the exception. So talk with one of our HUD experts to learn how to give your bids a better chance for winning!

Castle Rock homes under $300,000 are in high demand, so don’t wait.

Debbie Ells on our team just listed a fantastic Aurora townhome in the Murphy Creek Aurora area. This great unit has over 1,200 square feet, 2 bedrooms, 2 baths, stainless steel appliances and backs to open space. Priced at just $172,000, this home will not stay on the market long, so if you’re interested in seeing it, give our team a call at 303-726-1874 today.

Murphy Creek Aurora Townhomes:

1885 s buchanan cir aurora, CO 80018 $172,000.00

Beds: 2 Fin Sq Ft: 1209 Baths: 3 Year: 2006 # of Photos Avail: 20 V-tour Available: No MLS #: 1209380 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks:  priced to sell quickly!! don’t miss out! *like new*very clean* slab granite counters*stainless steel appliances*murphy creek golf course within walking distance, community pool, and tennis courts. excellent murphy creek property located near the golf course, backs to open space, with too many upgrades to mention!!! … more…

Murphy Creek Townhomes are located near the north east corner of Jewell and Gun Club rd just east of E-470. The convenient location to I-70, E-470 and I-225 make this complex a popular location for people with a wide range of commute needs. It’s easy access to the airport, proximity to Cherry Creek Reservoir and the other great area activities make Murphy Creek on of the top requested areas for Aurora Townhomes.

If you have more questions about the area, schools, recreation activities or anything particular about this great home, give our team a call today!

Our team is preparing our showing lists for this upcoming weekend, and there are several Denver HUD homes our clients are considering. We wanted to make sure we mentioned the best bets here as you are planning for the weekend.

Please remember, in order to bid on Denver HUD homes, your agent must be registered and approved with HUD. If they are not, you are not going to be allowed to place bids on any of the HUD homes on the market. Make sure you are working with one of our HUD experts. Give us a call at 303-726-1874.

Almost all HUD homes have a 10 day period that the home is on the market and accepting bids. At the end of these 10 days, HUD determines the “best” bid and awards it to that buyer. We are seeing many HUD homes go for above list price, so we will research the area and help you make the strongest bid.

Single Family HUD Under $100,000! Bids are open through July 20:

HUD Owned Home 1200 s tennyson st denver 80219 $98,000.00

Beds: 2 Fin Sq Ft: 728 Baths: 1 Year: 1954 Acres: # of Photos Avail: 24 V-tour Available: Yes MLS #: 1207946 Status: Active Listing Office: coldwell banker residential 24

Broker Remarks: hud owned*sold as is*2 bedroom/1 bath ranch*large mature yard*attached 1 car garage*refer to www.hudhomestore.com or www… more…

Great home with over 2,500 sqft in the Hutchinson Hills Denver neighborhood. Two more days to bid on this one:

THis home is a great opportunity in Chaffee Park Denver. Less than a week left to get bids in on this large, 3 bedroom home.

HUD Owned Home 1599 w berkeley pl denver 80221 $115,000.00

Beds: 3 Fin Sq Ft: 1050 Baths: 1 Year: 1954 Acres: # of Photos Avail: 10 V-tour Available: No MLS #: 1207853 Status: Active Listing Office: metrowest real estate solut…

Broker Remarks: ready set go! check this price out. 3 beds and 1 bath! great corner lot with great access to downtown denver! case #052-… more…

We have continued to report here on the overall decline in available Denver homes for sale and the latest report from RealtyTrac may explain one of the key factors: Colorado Foreclosures are down an amazing 47% for the first half of 2013 when compared to 2012. The month over month comparison is even more impressive with the month of just showing a 64% drop off compared to June of last year.

While the numbers nationally have been improving, the national drop off for foreclosures is only 23%, meaning that Colorado is seeing twice the improvement that other states are seeing.

From The Denver Business Journal:

The number of foreclosure filings in Colorado from January through June is down nearly 50 percent from the same period of 2012, and the state has dropped to 17th in the nation in terms of filings, according to RealtyTrac Inc.

Colorado had 11,238 properties with foreclosure filings in the first half of this year, down 47.8 percent from the same period a year earlier. That equated to one filing for every 196 household units, said RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

For the month of June, Colorado’s foreclosure filings fell 64 percent from June 2012 to 1,309 filings, or one filing for every 1,679 household units.

If you are an investor, you are all too aware of the lack of available properties for fix and flips and buy and holds. The competition for these tyoe of homes is fierce and you need to be working with a team of experts to find the right homes and make fast, aggressive bids. Give us a call today to learn how our team of experts can help you thrive in this highly competitive market for Colorado Foreclosures.

Our team has just listed a great 3 bedroom home in the highly sought after Walnut Grove Westminster neighborhood. This area is one of the most popular areas for buyers looking at Westminster homes and with nearly 1,700 square feet for under $280,000, we expect this home to sell fast.

This grea area is located just north of Standley Lake west of Highway 36. Homes in the neighborhood range in price from the mid $200’s to the high $300’s and this home has one of the largest lots in the Walnut Grove area.

With wood floors, formal dining room, a large backyard and deck and more, you’re going to want to make sure you see this home soon. Give one of our agents a call at 303-726-1874 to schedule your private showing.

Walnut Grove Westminster:

9805 w 106th ave westminster 80021 $279,000.00

Beds: 3 Fin Sq Ft: 1688 Baths: 3 Year: 2001 Acres: # of Photos Avail: 17 V-tour Available: No MLS #: 1207337 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: this nice home is on one of the largest lots in walnut grove that features a large yard and deck.you’ll love the open an… more…

The market for Westminster homes is hot and homes under $300,000 in the area are selling fast. Make sure we are aware of your needs so we can notify you of the newest listings we have before they hit the market. And don’t forget to sign up for our daily email alerts to be notified of everything on the market as soon as it is listed.

The Market for Highlands Ranch Condos and Townhomes is HOT! In the past 30 days, 33 condos / townhomes have sold in the area and the median Days On Market was a measly 5! (We prefer to use median instead of average because it more accurately reflects current market conditions and tells us where the true center of the market lies.) For the same period last year, the median Days On Market was 23 days.

 We are working with several clients currently looking for Highlands Ranch condos and townhomes and we are constantly reminding them that they need to see a unit the day it hits the market, or it will be gone. We lost out on seeing a home today because one of our clients had been out of town for the holiday weekend and couldn’t see the home until this evening. By that time, the unit already had an accepted offer.

If you are interested in seeing any of the available condos or townhomes in Highlands Ranch, give our team a call today at 303-726-1874. We can set you up on notifications so you do not miss a single unit as it hits the market.

Sold Highlands Ranch Condos and Townhomes:

Based on information from Metrolist®, Inc. for the period June 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.

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With the recent increase in market activity and demand from buyers, the market for Fix and Flip Denver homes has changed drastically. A year ago, these distressed properties in Denver were easy to find. However, the market for such properties is now incredibly competitive and if you are considering buying these homes, you need to have a solid plan and an experienced team behind you.

Many investors have been impacted by the dramatic reduction in Denver foreclosures over the past 9+ months. These types of properties have been the mainstay of fix and flip Denver investors, and with this supply drying up, the demand for potential fix ups has far outstripped supply.

However, we are still successfully helping many of our investors find properties that meet their criteria. Man of our agents list these homes, and we make them available to our team members before they are offered to the general public. So, if you are a potential investor, make sure we know about your needs. Call us today at 303-726-1874 and talk to us about what you are looking for so we can notify you when our team has a new listing.

In addition, make sure you are set up on our daily email alerts for fix and flip Denver homes. You need to know about these homes as soon as they hit the market and our program will send them to you first thing every morning.

There are still great opportunities available – we can help you succeed!

While last month’s numbers for Denver Luxury homes seemed to show a potential slowing, the latest numbers are showing that this high-end market isn’t cooling off anytime soon. The latest report detailed in the Denver Business Journal, shows that both month-over-month and year-over-year sales of luxury homes for the metro area have increased.

From The Denver Business Journal:

June was another strong month for sales of homes with a price tag more than $1 million, with a 23.6 percent increase in sales volume from a year earlier, according to a report released late Wednesday by Kentwood Real Estate.

Buyers picked up 89 luxury homes in metro Denver in June, up 23.6 percent from June 2012 and a 44 percent increase over the 59 sold in May, the report shows. The combined dollar value of those 89 sales was $134,870,927, a 25.3 percent year-over-year jump.

The average sales price in June stood at $1.515 million, up slightly from May’s average of $1.46 million and up 1.3 percent from June 2012.

This report mirrors the overall Denver housing market which has showed increases for 16 straight months. As we continue to report, the major factor contributing to the fast moving market is a severe lack of available homes for sale. While demand has increased from last year, the remarkable lack of inventory has caused bidding wars and severe shortages in many sub markets and niches.

If you are a seller who has been waiting for the right time to list your home, this may very well be the best Seller’s market we will see in a long time. Give our team a call at 303-726-1874 to talk about your specific neighborhood.

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The number of available Colorado Springs foreclosures has continued to decrease over the past several months. With city wide inventory levels dropping, the competition for these foreclosures has continued to heat up and most homes are receiving multiple bids.

Colorado Springs HUD homes allow buyers a 10 day period to view the home and submit bids. After those initial 10 days, HUD will accept the “best” bid and move forward. If there is not bid that HUD accepts, these homes go into a 24 hour bidding period where bids are accepted each day.

This holiday weekend, there are two HUD homes that caught our attention, and we wanted to make sure and feature them here for you. If you are interested in seeing either of these home, or have questions about Colorado Springs homes or Colorado Springs foreclosures, give us a call at 719-641-4209 today.

Valley at Erindale Colorado Springs Homes:

HUD Owned Home 5915 echo ridge ln colorado springs 80918 $275,000.00 est

Beds: 6 Fin Sq Ft: 3340 Baths: 4 Year: 1993 Acres:0.193 # of Photos Avail: 25 V-tour Available: Yes MLS #: 775794 Status: Active Listing Office: re/max properties, inc.

Broker Remarks: this breathtaking stucco two story located in the valley at erindale has a three car garage, decra stone coated steel ro…

Stetson Hills Colorado Springs Homes:

HUD Owned Home 4920 leighton dr colorado springs 80922 $250,000.00 est

Beds: 4 Fin Sq Ft: 3063 Baths: 3 Year: 2000 Acres:0.156 # of Photos Avail: 21 V-tour Available: No MLS #: 793059 Status: Active Listing Office: westfall & co. mktng & mgmt gr

Broker Remarks: ***hud property*** great starter home with 4 total bedrooms, 2.5 baths, living, dining, office and family room. the fu…