The Brian Petrelli Team Blog

Bromley Park in Brighton is one of the most popular neighborhoods for buyers looking in the northern metro area. This great area offers affordable Brighton homes starting in the mid $100’s and up to the mid $200’s.

Yesterday, HUD released a large, 4 bedroom, 3 bath home in the neighborhood with over 1,900 square feet. This home sits on a corner lot, has a double sided fireplace and a storage shed in the backyard. With the oversized garage and the great flooring, we do not expect this home to last past the initial 10 day bid process typical on all Denver HUD homes.

With the drastically reduced number of Brighton foreclosures, this is a rare find, so call our team to see it today at 303-726-1874.

Bromley Park Brighton:

HUD Owned Home 5213 golden eagle pkwy brighton 80601 $191,000.00

Beds: 4      Fin Sq Ft: 1933 Baths: 3     Year: 1999 Acres: # of Photos Avail: 19 V-tour Available:  No MLS #: 1191867 Status: Active Listing Office: re/max momentum

Broker Remarks:  nows your chance to own a great property in bromley park. properties like these don’t come on the market too often. 4 br… more…

The market for Brighton homes is moving very quickly. If you haven’t done so already, make sure you are set up on our daily email notices for just listed properties. The best homes are going under contract in 24 hours, so don’t wait.

If you would like to learn more about the bidding process on foreclosures, and the differences between the banks (HUD, Fannie Mae, etc.), call us today and we can help you understand the complexities involved. We’ll make it easy for you!

Our team has a new listing coming up in the Dancing Willows Littleton Townhomes complex. As we were preparing for the listing and running our market research, we prepared this list of statistics for the last 12 months of sales for the complex.

Dancing Willows is a newer community of Littleton townhomes located on the northwest corner of Bowles and Simms. Homes range in price from the low $200’s to the mid $300’s. The location provides easy access to C-470 and everything the southwest area of town has to offer (Chatfield State Park, Waterton Canyon, Foothills, etc.).

If you would like more information on the neighborhood, or would like to see one of the available units, give our team a call at 303-726-1874.

Dancing Willows Littleton Townhomes Sold Homes – Past 12 Months

Based on information from Metrolist®, Inc. for the period May 2012 through May 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 Littleton townhomes is moving very quickly. Most of the townhomes are selling in a matter of days. If you are in the market, make sure you contact us to set you up on a daily email alert of the latest listings so you don’t miss homes as they hit the market.

We’re excited to announce that Donna Jarock will be listing a new home in the Sunburst Aurora Townhomes neighborhood this week. This great townhome complex is in high demand for buyers looking at Aurora townhomes. Its convenient location just south of Quincy and east of Chambers makes it a great location with easy access to I-25, C-470 and I-225.

This large townhome will be listed for $145,000. The unit has 3 bedrooms, 2 baths, a 1 car attached garage, and 1,270 square feet. With a great patio and a spacious master bedroom this two story home will sell quickly. Give our team a call at 303-726-184 today if you want to see it before it hits the market.

Sunburst Aurora Townhomes:

With the number of Aurora foreclosures dwindling, the number of available Aurora townhomes has severely decreased. If you are in this market, call us today so we can set you up on daily email alerts and let you know of homes before they hit the market.

The latest data from the Metrolist shows that the sales of Denver luxury homes (homes priced over $1,000,000) doubled in April of this year compared to April of 2012. This is great news and shows that the huge demand we’re seeing in most segments of the Denver housing market is also being felt at the higher end of the price spectrum.

According to the latest report, there were 44 luxury Denver homes sold in April of 2012 while in April of 2013, 93 homes priced over $1,000,000 were sold.

From the Denver Business Journal:

Ninety-three of those luxury homes sold in April in the Denver area, according to the report, while 44 sold in April 2012.

The report is based on multiple listing service data. That number represented a 31 percent hike from the 71 sold in March.

“The luxury housing market in the Denver metro area, much like the overall market, remains red hot as these numbers indicate,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado. “The market continues to be driven by a large number of qualified and determined home buyers who want to purchase while interest rates are still low and home values are still quite attractive.”

While the number of sales increased, the median sales price for luxury homes dropped 8.8 percent year over year to $1.27 million. That median was basically flat from March.

There were 13 sales of homes for more than $2 million in April, up both from the previous month and April 2012, when 10 of those homes sold.

The sales are going faster, too. The average days on the market number was 120.7 days, down from the 133-day average in March and the 172.6-day average from April 2012.

The market in different cities in the Denver area can be even better. We’re seeing a huge demand for Highlands Ranch Luxury Homes and the Castle Rock luxury homes market is in full swing.

If you are considering buying or selling in the high end market, give one of our knowledgeable agents a call. This type of home requires a different knowledge set and a high end marketing plan. We can run you detailed reports and help you see the true value of any home you are considering. You can reach us at 303-726-1874.

The number of Lakewood foreclosures on the market has dwindled to almost zero. Right now, there are 5 foreclosures active in Lakewood and only one HUD listing. These are crazy times.

The latest offering by HUD is a very large ranch home located in Clover Meadows Lakewood with nearly 2,500 finished square feet. This is a tremendous opportunity on this home which sits at the end of a cul-de-sac, has 3 beds, 3 baths, a storage shed and is just 5 minutes from Green Gables Park – all for a list price of $185,000!

We expect to see many showings on this home and most likely, multiple offers. If you are interested in learning more about it or receiving HUD’s disclosures and property condition report, give our team a call at 303-726-1874. You have 9 days to see this home before HUD reviews and accepts a bid.

Clover Meadows Lakewood Homes:

HUD Owned Home 1544 s flower ct lakewood 80232 $185,000.00

Beds: 3 Fin Sq Ft: 2468 Baths: 3 Year: 1979 Acres: # of Photos Avail: 13 V-tour Available: Yes MLS #: 1189564 Status: Active Listing Office: alpine real estate

Broker Remarks: omg! one of the best location in lakewood, beautiful sprawling ranch at the end of a cul-de-sac in lakewood, 5 minute wa… more…

If you are looking at Lakewood homes, there are still opportunities to buy Lakewood foreclosures, but you need to be ready to move quickly and working with a team of experts that knows the area and can educate you on all of the different types of bank owned homes, short sales and Denver HUD homes. Call us today and we can get started.

Yesterday was a busy day for Commerce City homes for our team. We had a final walk-through, wrote a contract on a new build and came across this great new offering by HUD in the River Oaks Commerce City Homes neighborhood.

If you are not familiar with River Oaks, it is located just north of Highway 76 and south of E 112th Ave near River Run Park. Its close to both Barr Lake State Park and the Rocky Mountain Arsenal Wilderness Refuge.

This great home was just released yesterday and it is huge. With nearly 2,500 square feet, a 3 car tandem garage and 3 bedrooms plus a loft and studio, this home is a very rare opportunity for a HUD home. Take a look at the pictures on our site and you’ll see this is not a typicall HUD listing. This home will move FAST! Call our team today at 303-726-1874 to see this home during the 10 day bidding window.

River Oaks Commerce City Homes:

HUD Owned Home 11046 lima st commerce city 80601 $245,000.00

Beds: 3 Fin Sq Ft: 2457 Baths: 3 Year: 2006 Acres: # of Photos Avail: 22 V-tour Available: No MLS #: 1188202 Status: Active Listing Office: re/max momentum

Broker Remarks: nows your chance to own a great property in river oaks. properties like these don’t come on the market too often. 3 br, … more…

The market for Denver HUD homes is intense. The best homes can see over 20 bids and wil sell for much higher than list price. If you’d like an overview of the HUD bidding process, give us a call. All of our agents are registered with HUD and can help you make a bid today. Remember, not every real estate agent can place a bid on a HUD home.

With the inventory of Thornton homes falling, the competition for Thornton foreclosures is becoming intense. Our team is working with several buyers in this area so we are monitoring the inventory daily (actually, usually hourly) to fin them the best deals the minute they hit the market. Luckily, with HUD homes, there is a 10 day bidding window, so the frantic rush to see a new home on the market isn’t as immediate.

This past weekend, HUD released two great deal on 2 three bedroom homes in the Thornton area. The first listing is in the Grange Creek Thornton neighborhood. This great home has over 1,300 square feet, an attached garage, backyard deck and great floors throughout (see pictures at our website). Give us a call today to see this home at 303-726-1874.

Grange Creek Thornton Homes

HUD Owned Home 11068 grange creek dr thornton 80233 $155,000.00

Beds: 3 Fin Sq Ft: 1320 Baths: 2 Year: 1978 Acres: # of Photos Avail: 16 V-tour Available: No MLS #: 1187761 Status: Active Listing Office: metrowest real estate solut…

Broker Remarks: ready set go! check this price out. 3 beds and 2 baths! case #052-606652. please refer to hudhomestore.com for the most … more…

The second home we ran across this weekend is this large, 2,000+ square feet home in the Brandon Place Thornton neighborhood. This great home has a fully finished basement, huge yard, deck, vaulted ceilings and more. We expect to see multiple bidders on this one, so make sure you see it before th bid deadline is up.

Brandon Place Thornton Homes

HUD Owned Home 9511 albion st thornton 80229 $201,000.00

Beds: 3 Fin Sq Ft: 2081 Baths: 3 Year: 1998 Acres:0.21 # of Photos Avail: 21 V-tour Available: No MLS #: 1187083 Status: Active Listing Office: great way re exclusive prop…

Broker Remarks: buy me!cute home,just minor touches will make it shine!spacious floor plan&fully finished basement*vaulted ceilings*balc… more…

The process for buying HUD homes is different than the bidding process for other Thornton foreclosures. Bids are accepted from owner occupants for 10 days. At the end of that period, the “best” bid is accepted. If not bid is accepted, bids are open daily and investors can then bid. For a detailed explanation, call our team today at 303-726-1874.

We’ve been seeing a big increase in activity from both buyers and sellers in the Bear Valley Denver homes area. This week, HUD released a new 4 bedroom, 2 bath listings on Reed St and we wanted to highlight it here.

AS with all Denver HUD homes, this home is open to owner occupant bids only for the first 10 days. At the end of that ten day period, the “best” bid will be selected. If no bids are selected, the home will be made available to investors. If you would like more information on the HUD process, call one of our HUD experts at 303-726-1874.

This latest listing in Bear Valley has nearly 1,800 square feet, wood floors, a large yard with a covered deck, air conditioning, a storage shed and a two car, attached garage. As an added bonus, its located just one block away from bear Valley Park. If you are interested in seeing this home, don’t wait. Call our team today to see it now.

Denver Bear Valley Homes:

3030 s reed st denver 80227 $200,000.00

Beds: 4 Fin Sq Ft: 1769 Baths: 2 Year: 1968 Acres:0.27 # of Photos Avail: 15 V-tour Available: Yes MLS #: 1186270 Status: Active Listing Office: re/max professionals

Broker Remarks: great opportunity for this hud owned property. large yard with patio, deck and covered deck. wood floors on upper level,… more…

THe market for Denver homes is HOT! The best homes are selling in 24 hours – usually with multiple bids. THe advantage of a HUD home is that there is a 10 day period for showings before bids are accepted. So, while you have a little more time, don’t wait to long to see this latest HUD value.

The market for Colorado bank owned homes is shrinking in a big way. The latest numbers from the Colorado Division of Housing are out showing a 41% drop in statewide foreclosure filings and a 30% drop in completed foreclosures. These numbers are big and represent the rapidly shifting state wide housing market.

We’ve seen the numbers for Denver foreclosures and Colorado Springs foreclosures declining, but we were not expecting numbers this dramatic. Rising home values and the improved short sale processes have all contributed to helping at risk homeowners sell their homes with less trouble. We’ll see what the second quarter holds.

From the Denver Business Journal:

Both new foreclosure filings and foreclosure auction sales across Colorado fell in the first quarter to their lowest levels since state tracking began in 2007, the Colorado Division of Housing reported today.

And housing division officials project continued sharp declines in foreclosures for the rest of 2013.

The state tallied 4,571 foreclosure filings in the first three months of 2013, down 41.3 percent from the same period of 2012.

And completed foreclosures statewide totaled 2,935 in Q1 2013, down 30.5 percent from the year-ago quarter.

There are still many great deals on the market for Colorado Springs and Denver foreclosures, but you need to be ready and able to move quickly. If this is a market you would like to explore, contact one of our experts at 303-726-1874 (719-641-4209 for Colorado Springs). We ca educate you on he different types of bank owned homes (Fannie Mae, Freddie Mac, HUD, etc) and help you find the best values on the market.

Our team is working with a client looking to sell their home in the Bear Valley subdivision in the next few weeks. As we were pulling up market activity, we produced this report detailing all of the sold homes in the area and wanted to share it here.

As you’ll see, homes in the area are moving fast. The average days on market for the entire area for the past 6 months was 47. That is leaps and bounds above the numbers from the past few years. An even more accurate number for the days on market is the “Median Total Days on Market.” This number is a better representation that the average as it removes any extreme outliers that may affect an average. The median DOM is a whopping 22!

As this chart can attest, buyers need to move quick in this market. Waiting too long on a home can cost you. And Sellers, now may be the best time in years to get your home on the market.

Give our team a call at 303-726-1874 to learn more and to get an evaluation for any of the available Denver homes.

Bear Valley Subdivision Sold Homes:

Based on information from Metrolist®, Inc. for the period November 2012 through May 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.