The Brian Petrelli Team Blog

It’s no suprise to anyone in the market for Littleton homes for sale that prices have risen a great deal over the past 6-12 months. We’re seeing roughly 10% year-over-year appreciation and there are no signs of that slowing down.

The latest report from Zillow shows this tren over the past 10 years. Even with the price spikes in 2008 and the beginning of 2010 and the lows of 2009 and 2011 (see chart) and steady trend of rising prices for Littleton homes is evident.

THe chart below shows the median sales prices for Littleton homes for sale over the past 10 years and encompasses not only single fmaily houses, but also Littlton condos and townhomes. All types of sales (including Littleton foreclosures) are factored into this report and the data is from every neighborhood in the city.

If you would like a detailed report for your neighborhood or a neighborhood you are considering purchasing in, call our team today at 303-726-1874.

 From Zillow:

 The sales prices for Highlands Ranch homes have almost recovered to the highs reach at the end of 2009 according to Zillow. The chart below lays out the median sales prices for all Sales tracked by the popular website and shows the most recent sales prices roughly $10,000 away from the record highs seen in December / January of ’09. 

Keep in mind that these figures take into account all Highlands Ranch homes, including Highlands Ranch foreclosures and Highlands Ranch condos and townhomes.  The drastic decline we have experienced in foreclosures over the past year may explain much of these price gains, but the high demand over the past 9 months is a big factor.

These numbers are for the entire Highlands ranch area. If you would like a report for a specific area or neighborhood, give our team a call at 303-726-1874. 

 From Zillow.com: 

We have several clients looking at Thornton foreclosures so we were thrilled this weekend when HUD released a 2 bedroom home in the Grange Creek Thornton neighborhood.  This is a smaller home (970 sq ft) but this great ranch home has amazing views and is priced at only $145,000.

The Grange Creek area is located east of I-25 off of 122th ave. This easy access to major highways and the ideal northern Denver location make this neighborhood very popular for buyers looking at Thornton homes for under $250,000.

HUD has allowed bidding on this home for the next 8 days, so if you are interested in seeing it or making a bid, call our HUD experts at 303-726-1874. We can advise you on how the HUD bidding works and how it differs from other Thornton foreclosures and resale homes.

Grange Creek Thornton Homes:

HUD Owned Home 11122 albion ct thornton 80233 $145,000.00

Beds: 2 Fin Sq Ft: 970 Baths: 2 Year: 1974 Acres: # of Photos Avail: 25 V-tour Available: No MLS #: 1219734 Status: Active Listing Office: keller williams realty down…

Broker Remarks: opportunity! opportunity! opportunity! cute ranch home with beautiful mountain and flat iron views! located on quiet cul… more…

The number of Denver HUD homes on the market has dropped substantially over the past year. Competition is fierce for the few homes that do hit the market, so if you want to win a bid, make sure you are working with a team that knows the system.

HUD has recently listed this great single family home in the Rampart Meadows Colorado Springs area. This great home offers 3 bedrooms, 2 baths and nearly 1,500 square feet. With a 2 car garage, great deck in the back yard and a formal dining room, this is a great deal at just $170,000.

Rampart Meadows is located just east of Rampart Park off of Lexington Dr north of Woodmen Rd allowing easy access to I-25. With Cottonwood Creek Park nearby, this is a great area and, as with most Colorado Springs Homes, we expect to see this home move quickly. If you would like to see it while it is still available, call our team at 719-641-4209 today.

Colorado Springs Foreclosures:

7975 belford dr colorado springs 80920 $170,000.00

Beds: 3 Fin Sq Ft: 1498 Baths: 2 Year: 1983 Acres:0.144 # of Photos Avail: 18 V-tour Available: No MLS #: 758268 Status: Active Listing Office: westfall & co. mktng & mgmt gr

Broker Remarks: ** hud owned**sold as-is ** great starter home or investment property. this bi-level home offers a living room, dining… more…

The market for Colorado Springs foreclosures is highly competitive. if this is an avenue you want to pursue, call our team and have us set you up on alert emails for the Colorado Springs neighborhoods you are interested in so you don’t miss out on any opportunities.

Darcy Truppo on our team just listed this great Aurora home for sale. This remodeled ranch house has a new kitchen, new furnace, new paint and an updated bathroom. With a huge lot and a one car garage, this home is priced incredibly well at $120,000.

Located just south of the popular Stapleton Homes area, this home is easy walking distance to several parks and shopping. At this price, a home in this condition will not sit on the market long, so if you would like to take a look, contact one of our agents at 303-726-1874 today. We don’t expect this home to last through the weekend.

Aurora Homes for Sale:

1701 alton st aurora 80010 $120,000.00 est $

Beds: 2 Fin Sq Ft: 735 Baths: 1 Year: 1946 Acres:0.15 # of Photos Avail: 7 V-tour Available: No MLS #: 1218904 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: beautifully done remodel – new kitchen, furnace, carpet, paint, updated bath! great starter or rental home near new hos… more…

The market for Aurora homes is smoking hot. If you are looking in this area, especially for homes priced under $200,000, or Aurora Foreclosures, make sure we have you set up on a daily email alert so you don’t miss the best homes as they hit the market.

At the risk of sounding repetitive, the market for Denver Luxury Homes is HOT! We’ve been posting each positive report on the high end segment of the market for the past year and it seems that each month is better than the next.

This July, year-over-year sales of the luxury home market in Denver (homes priced over $1 million) jumped an astonishing 63.5%! Here are the raw numbers: 85 total homes above $1 million sold in July 2013 compared to 52 homes in July 2012. In addition, the sales prices seem to be holding steady with a modest drop of 1.1% year over year.

More details in the Denver Business Journal:

Like the rest of metro Denver’s home sector, the luxury market of homes priced above $1 million continues to soar, with a 63.5 percent year-over-year spike in sales in July, according to Kentwood Real Estate.

There were 85 homes with a cost of more than $1 million sold last month, up from 52 in July 2012. Those homes had a sales volume of $134.46 million, up 61.6 percent from July 2012.

And:

Year to date, there have been 417 luxury homes sold, a 43 percent increase from 2012. The 2013 transactions were worth $634.262 million, up 42.5 percent in the year-ago period. The year-to-date days on market average stood at 180 days, 14 percent less than the 209-days average one year ago.

The market for Denver homes in general has been red hot, but less attention has been paid to this luxury market in the news. The fact that these high end homes are selling so strongly is a testament to the overall strong Denver market.

As we are fond of saying, each neighborhood is different, so if yu would like a detailed report for your area, call one of our experts at 303-726-1874.

The entire market for available Arvada Foreclosures consists of 9 homes (out of 268 active single family houses). Of those homes, only one of them is a HUD listing. That’s why we wanted to bring it to you attention here.

This ranch home has nearly 1,200 finished square feet, 3 bedrooms, 2 baths and is walking distance t several parks as well as Ralston Recreation Area. This home has plenty of opportunity as it qualifies for a 203k FHA mortgage to allow you to put in new appliances, carpet and fixtures of your choosing. The bidding on this home closes in a week, so contact one of our HUD experts today at 303-726-1874.

If you have been looking at Arvada homes, this is truly one of a kind on the market right now!

Arvada Foreclosures:

HUD Owned Home 6423 owens st arvada 80004 $180,000.00

Beds: 3 Fin Sq Ft: 1198 Baths: 2 Year: 1962 Acres: # of Photos Avail: 10 V-tour Available: No MLS #: 1218001 Status: Active Listing Office: aspen real estate

Broker Remarks: this spacious 3 bed, 2 bath, 1 car garage ranch home is situated on a very nice lot with lots of opportunity. walking di… more…

HUD allows buyers to view the home and make bids for the first 10 days on the market. After that period, the best bid is chosen. The bidding process is handled online and can only be done by a HUD certified agent so call one of ourexperts on Denver HUD homes today to learn more!

Homes in Lone Tree are always highly sought after, but in today’s market the demand is even stronger. The Fairways at Lone Tree neighborhood is a perfect example of this high demand. Located along Lone Tree golf course off of Yosemite and Lincoln, his area offers a great central location in a quiet, established area.

We are preparing to list a home in this neighborhood and will update you as the listing approaches. In the meantime we wanted to share the latest market report here with you.

If you have any questions about this area, Lone Tree Golf Course or the Lone Tree homes in the area, call our team at 303-726-1874.

The Fairways At Lone Tree Homes:

 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.

The market for Centennial Townhomes is very competitive. Homes are hitting the market and experiencing bidding wars – rarely lasting more than a day or two. In the midst of this, Centennial Foreclosures are even harder to find and often generate even more interest and many times experience double digit bids.

This weekend, HUD released a new listing in the Highland View townhomes neighborhood off of University just north of County Line Rd. This is a great neighborhood with a unique style. Townhomes in this complex either have a one car attached garage or a basement. This unit has a finished, walk-out basement with an extra bathroom. In addition, this home has a small, fenced backyard off the walk-out basement.

With hardwood floors, a deck off the main floor and a fireplace, this home has everything you need to call it home. Bidding is open on this unit for the next 7 days, so call us today to schedule a showing at 303-726-1874.

Highland View Centennial Townhomes:

HUD Owned Home 2533 e nichols cir centennial 80122 $140,000.00

Beds: 2 Fin Sq Ft: 1718 Baths: 2 Year: 1984 # of Photos Avail: 11 V-tour Available: No MLS #: 1216632 Status: Active Listing Office: elist realty llc

Broker Remarks: hud home sold as-is by electronic bid only fha case #052-514104. bids for eligible bidders due on or before 08/11/13 @ 1… more…

A quick reminder that not all real estate agents can help you place a bid on Denver HUD homes. Each agent muct be registered and approved. Contact one of our expert agents today to learn the details of placing bids on HUD homes.

The Metro Mortgage Assistance Program recently gave buyers looking at Westminster homes something to cheer about. Now, Westminster has been added to the list of eligible cities for the Metro Mortgage Assistance Program. This is the closest thing we have seen to Zero Down Mortgage Programs in Denver for a while.

This program has been around for several months in other states and has helped many buyers buy a home that would otherwise been beyond their reach due to a lack of down payment funds. This program can be used on all Westminster homes, including Westminster foreclosures, so give us a call today if you’d like to apply or want more details.

Here are the basics:

• Buyers must have a minimum 640 Credit Score
• Household income limits of $91,100 for 2 or fewer and $103,000 for 3 or more
• 4% Grant towards down payment and closing costs
• 30 year, fixed rate mortgage
• Purchased home must be the buyer’s primary residence
• Buyers DO NOT have to be 1st time home buyers
• May be used on any home in the following cities: Denver, Arvada, Brighton, Dacono, Edgewater, Lakewood, Littleton, Sheridan, Westminster or Wheat Ridge

This is a tremendous opportunity to get into a home using a government grant. These programs do not come along often – especially with a 4% grant – so don’t miss out!