The Brian Petrelli Team Blog

For a while, homes in Aurora have always been thought of as a suburb just east of Denver. Aurora City and Economic officials are doing their best to change that perception by touting some of the big projects being planned for the city in the near future.

One the list:

1. Light Rail project along I-225
2. New 12-story tower expansion at the University of Colorado Hospital at Aurora’s Anschutz Medical Campus
3. Projected growth to 500,000 residents in the next few decades.

From The Denver Business Journal:

“Aurora is in transition from a suburb to a city,” Mayor Steve Hogan told the crowd, noting that the city of 340,000 people has been growing up to 4 percent a year in the last few years.

“Within the next few decades it will be a city of more than 500,000,” Hogan said.

Hogan spoke at a breakfast meeting of the Associated General Contractors of Colorado, held on the unfinished eighth floor of the $393 million, 12-story tower expansion at the University of Colorado Hospital (UCH) at Aurora’s Anschutz Medical Campus.

The demand for Aurora condos and Aurora homes have been climbing for a while, and its a good sign that so much economic develop is in the works. It will be interesting to see if these projects make the impact they are predicting, but the past successes of neighborhoods near the light rail stations foreshadow good things.

The market for Highlands Ranch homes is in an extreme sellers’ market. Homes in the area are going under contract faster than we have seen in years and there doesn’t seem to be much relief in sight. Right now, the median days on market for any home in the Highlands ranch area is 5 day! This is less than a third of what the days on market was for the same period last year.

This 5 days on market number factors in homes in all price ranges and includes Highlands Ranch foreclosures as well. If you run the numbers for homes priced under $300,000, the median days on market number drops even lower.

Obviously this is great new for Sellers in the area, but this is causing pain and heartache for many buyers. With homes moving so quickly and so few on the market, many buyers, and potential buyers, are losing out on homes by being outbid. Most homes in Highlands Ranch are receiving multiple bids and many are going for over list price.

If you are considering buying in the area, call our team today at 303-726-1874 so we know exactly what you are looking for and can keep our eyes open for homes before they are available to the general public!

Sold Highlands Ranch Homes – Past 30 Days

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.

As with most areas in the Denver market, the number of foreclosures in Westminster has plummeted over the past few months. We are working with several clients in the area to help them find a home, and when the rare foreclosure pops up, we are all over it.

This week, HUD released a listing in the Sunset Ridge Westminster area. His 3 bedroom home, has 3 baths and over 1,600 finished square feet. There is a large covered patio off the back allowing you to use the backyard all year long.

As with all Denver HUD homes, this home will be open for bidding from owner occupants for 10 days before a winning bid is selected. If you are interested in seeing this home, make sure you contact us in the next 6 days so we can ensure we get a bid in for you under the deadline.

Sunset Ridge Westminster Foreclosures:

HUD Owned Home 9380 osceola st westminster 80031 $176,500.00

Beds: 3 Fin Sq Ft: 1661 Baths: 3 Year: 1971 Acres:0.17 # of Photos Avail: 15 V-tour Available: Yes MLS #: 1212046 Status: Active Listing Office: house2home llc

Broker Remarks: great home in sunset ridge. nice open floor plan. large covered patio off back. hud homes sold as-is. case#052-419569 ie… more…

The process for bidding on Denver HUD homes is different than other bank owned homes and foreclosures. Your agent must be registered and approved with HUD and the forms and online submittal process are drastically different. For a full explanation, contact one of our experts at 303-726-1874. We can help you with every typ of available Westminster home on the market!

17 days on market! The median number of days for Littleton condos is just 17 days! What a difference a year makes. This number is half what the median days on market was for Littleon condos during the same period last year and is an amazing improvement over the last 18 months.

In addition, the number of sold condos in the area has increased by nearly 100 units when compared to the same time frame a year ago. The market has made a dramatic turn around.

Much of the attention on statistics and numbers has been focused on Littleton houses rather than the condo and townhome market. But the market for these multifamily units is just as hot and in many cases even more competitive. We are looking for several clients in this area and have been waiting for months to find the right home. Once a unit does hit the market, there are several showings in the first 24 hours, and usually multiple offers.

If you are a buyer looking in the Littleton area, get signed up on our email alerts so you don;t miss the next home to hit the market!

Sold Littleton Condos – Past Six Months

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.

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.