Highlands Ranch Condos and Townhomes Moving Fast!

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:

Count 33  
Avg Total DOM 45  
Median Total DOM 5  
 
YOC Oldest 1985
  Median 2005
  Newest 2012
 
  Original List Sold Net Sold
Average Price $283,015 $280,833 $278,193 $277,989
Median Price $270,000 $273,000 $268,000 $268,000
 
Avg Price/SqFt $178 $176 $174 $174
Avg Price/Fin SqFt $170 $169 $167 $167
Avg Price/Acre        
 
Avg Price/Avg List     99.06 % 98.99 %
Avg Price/Avg Orig     98.30 % 98.22 %
Median Price/Avg List     98.17 % 98.17 %
Median Price/Avg Orig     99.26 % 99.26 %
 
Lowest Price $106,000 $106,000 $103,000 $101,000
Highest Price $650,000 $625,000 $610,000 $610,000
High/Low Range $544,000 $519,000 $507,000 $509,000
Mode Price   $275,000 $248,000 $149,000
Volume Price $9,339,500 $9,267,500 $9,180,389 $9,173,639
 

 

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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Still Some Great Deals on Fix and Flip Denver Homes Available!

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.

Fix and Flip Denver homsMany 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!

 

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Sales of Denver Luxury Homes Rises Again

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.

 

 

 

 

Denver Area Luxury Homes Searches:
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Colorado Springs Foreclosures: 2 HUD Listings to See

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
5915  Echo Ridge LN, colorado springs  House Search MLS Picture
$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
4920  Leighton DR, colorado springs  House Search MLS Picture
$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…

 

 

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Inventory of Denver Homes Climbs – But Not By Much

After several months of severely depressed inventory levels, the number of available Denver Homes has increased – a little. Metrolist reports that the number of homes for sale increased by a little under 1,000 homes in June compared to March although we were still 16 percent lower this June than we were in June of 2012.

Its a mild releif to some of our buyers that the available homes is increasing, but we’re still encounter bidding wars and many homes are never even hitting the market because agents have buyers contacting them as soon as the sign hits the yard. We had this happen on a Highlands Ranch home yesterday.

From The Denver Business Journal:

After months of rapid movement in the metro Denver housing market, June slowed slightly with 12 percent more homes coming on the market than the previous month and sales activity dropping slightly, according to the latest numbers from Metrolist Inc.

The number of homes with a “for sale” sign in front of them climbed to 9,187 in June, from 8,214 available in May. Though that’s the third consecutive month of rising inventory, it’s still 16 percent lower than the 10,925 metro Denver homes on the market in June 2012.

“The Denver housing market is finally seeing some relief from our long-term undersupplied conditions,” said Kirby Slunaker, president and CEO of the Greenwood Village-based company. “We’re still seeing strong sales figures, which were coupled with another jump in sales prices—it’s clear buyer and seller confidence remains high.”

If you are a seller, don’t let the good market allow you to settle for mediocre representation. We market our Denver homes just as aggressively as we did in a bad market. the difference is that we are marketing them for a week or so before they hit the market. We do this to generate several offers so that our Sellers get the best possible offers for their homes. Give us a call at 303-817-0209 to learn more.

If you are a buyer, contact us to find out how we can give you an advantage in finding, and placing winning bids on, your next home. A fast moving market demands that you work with a high tech, high service real estate team.

 

 

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Just Listed in Cheyenne Ridge Westminster

We are excited to announce our latest listing in Cheyenne Ridge Westminster offered by Jacy Bowers on our team!

This large home has nearly 4,000 finished square feet including a gorgeous garden level basement. With vaulted ceiling, wood floors, custom paint, and a bright, open floor plan, this home has everything you’re looking for! With 5 bedrooms plus an office, 4 baths and backing to a greenbelt, this home will sell quickly, so don’t wait!

The beautiful Cheyenne Ridge neighborhood in Westminster is located just west of I-25 north of 144th and is near McKay lake and several parks. The nearby schools are highly rated a d Orchard mall is nearby. This is a great home in a highly desirable neighborhood and we are thrilled to be presenting it here.

Cheyenne Ridge Westminster:

14454 jason dr
westminster 80023
14454  JASON DR, westminster  House Search MLS Picture
$459,000.00 
Beds: 5 Fin Sq Ft: 3949
Baths: 4 Year: 1998
Acres:

# of Photos Avail: 20
V-tour Available: No

MLS #: 1204712
Status: Active
Listing Office:
mb the brian petrelli team

Broker Remarks: this 5 bedroom home with a gorgeous garden level finished basement has so much to offer. vaulted ceilings, custom paint,… more…

 

If you would like more information on this home, or any of the available Westminster homes on the market, give our team a call at 303-726-1874 today.

 

 

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Prices of Denver Homes Rise 10.7%

More good news for homeowners came out in the latest CoreLogic report for Denver homes. This month’s data shows that home prices have increased in prices by 10.7% year over year in May 2013 vs May 2012. This double digit increase is in line with every other major report available and continues the trend of 16 months in a row that Denver homes have seen a year-over-year increase in prices.

While this is good news for homeowners, this consistent increase in prices should be making buyers take notice. If you are a buyer thinking of waiting for a year to buy a home so you can save some extra money, make sure you are factoring in significantly higher prices 12 months down the road. While there is no guarantee that prices will continue to rise, a 10% price increase over a 12 month period could make the home you could buy today a home you won’t qualify for in a year.

If you would like to run numbers or talk more about a specific neighborhood, give our team a call at 303-726-1874 today.

More details from The Denver Business Journal:

Home prices in metro Denver saw double-digit percentage price increases in May, according to a CoreLogic Inc. report released Tuesday.

It was the 16th month in a row that metro Denver home sale prices saw a year-over-year increase.

In the metropolitan statistical area (MSA) of Denver-Aurora-Broomfield, home prices — including distressed or REO sales — increased by 10.7 percent in May over the month in 2012. That was also a 1.6 percent increase month-over-month increase from April. Without REO properties, May prices increased 10 percent year over year and 1.3 percent month over month.

Nationally, home prices grew at a rate not seen in seven years, according to the report. CoreLogic’s national home price index saw a 12.2 percent jump in May compared to May 2012 — the biggest year-over-year increase since February of 2006.

 

 

 

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Foothill Green Littleton: Just Listed HUD Home Over 1,600 Sqft

Littleton foreclosures have been scare. As with the overall inventory of Littleton homes, the number of foreclosures is a fraction fo what it was several months ago. Because of this lack of inventory, when a new home hits the market, the activity is usually heavy and we expect this latest offering from HUD to be no different.

Located in the Foothill Green Littleton neighborhood near Kipling and Bowles, this 3 bedroom, 2 bath home has over 1,600 square feet, an updated kitchen, newer windows, newer exterior paint, covered patio and a shed. HUD homes in this condition don’t come along often, so if you are in the market for Littleton homes, make sure you give us a call to take a look at this home before the 10 day bidding period is over/

Foothill Green Littleton Homes:

HUD Owned Home
5771 s lewis st
littleton 80127
5771 S LEWIS ST, littleton  Home Search MLS Picture
$213,000.00
Beds: 3 Fin Sq Ft: 1603
Baths: 2 Year: 1977
Acres:0.18

# of Photos Avail: 10
V-tour Available: No

MLS #: 1204032
Status: Active
Listing Office:
re/max professionals

Broker Remarks: nice two-story home with updated kitchen, newer windows, newer exterior paint, skylights, a/c, vaulted ceilings, cozy fi… more…

 

The number of Denver HUD homes has decreased drastically over the past 6-12 months. If you would like to talk with one of our HUD experts about the process or our strategies for making winning bids, give our team a call at 303-726-1874 today.

 

 

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Top Denver HUD Homes for the Weekend!

We’re showing several Denver HUD homes to our clients this weekend, and we wanted to highlight a few of our top picks here.

We try to highlight a few of the best HUD listings based on value, location and other factors. If you are looking in a specific area, give our team a call at 303-726-184 and we can send you a detailed report for the neighborhood and also set you up on a daily email alert so you don’t miss the newest listings as they hit the market!

 

Sherrelwood Estates Denver Homes:

HUD Owned Home
1860 pecos way
denver 80221
1860  PECOS WAY, denver  Home Search MLS Picture
$169,000.00
Beds: 4 Fin Sq Ft: 2203
Baths: 3 Year: 1961
Acres:0.17

# of Photos Avail: 21
V-tour Available: No

MLS #: 1199858
Status: Active
Listing Office:
great way re exclusive prop…

Broker Remarks: buy me! ranch style home in wonderful area!finished basement*basement bedroom is non conforming*hardwood and tile floors… more…

Broomfield Heights Homes:

325 hemlock st
broomfield 80020
325  HEMLOCK ST, broomfield  Home Search MLS Picture
$178,000.00 
Beds: 4 Fin Sq Ft: 1733
Baths: 2 Year: 1958
Acres:0.19

# of Photos Avail: 17
V-tour Available: Yes

MLS #: 1177397
Status: Pending
Listing Office:
re/max traditions

Broker Remarks: great potential on a quiet street in south broomfield. open and sunny tri-level home with nice separate of living space… more…

Columbine West Littleton Homes:

7077 w frost pl
littleton 80128
7077 W FROST PL, littleton  Home Search MLS Picture
$200,000.00
Beds: 3 Fin Sq Ft: 1583
Baths: 2 Year: 1973
Acres:0.16

# of Photos Avail: 20
V-tour Available: No

MLS #: 1202768
Status: Active
Listing Office:
savannah heights realty llc

Broker Remarks: nice bi-level home located close to the foothills. this home is great for entertaining and has a wonderful updated kitch… more…

 

Remember, most Denver HUD homes have a 10 day bidding period, but not all. Give our team a call to find out the exact day bids are due and if a specific home is open to investor bids as well as owner-occupant bids.

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Mission Viejo Aurora- Great Find for Aurora Foreclosures!

We blogged earlier this week about our team’s newest listing in the Mission Viejo Aurora Homes neighborhood. Today, HUD released a great deal on a foreclosure in this same neighborhood and we wanted to highlight it here.

This latest offering by HUD is nearly 1,400 square feet, has 3 bedrooms, 2 baths, fireplace, large patio and much more. Mission Viejo is located north east of Quincy reservoir and is highly sought after for its central location and affordable prices.There is a ton of potential for this Aurora foreclosure and bids are due by July 6th.

As with almost all Denver HUD homes, this home is open for owner occupant bids for the first 10 days. After those 10 days, the “best” bid will be accepted. If no bid is deemed acceptable, HUD will release it to a daily bid schedule. Give one of our HUD experts a call to learn more about this home and the HUD process at 303-726-1874.

Mission Viejo Aurora Homes:

HUD Owned Home
4133 s ouray way
aurora 80013
4133 S OURAY WAY, aurora  Home Search MLS Picture
$140,000.00 
Beds: 3 Fin Sq Ft: 1368
Baths: 2 Year: 1980
Acres:0.20

# of Photos Avail: 13
V-tour Available: No

MLS #: 1202752
Status: Active
Listing Office:
elist realty llc

Broker Remarks: lots of potential in this 3 bedroom 2 bath home on large corner lot in mission viejo. property has a large eat-in kitche… more…

The market for Aurora homes is becoming more and more competitive. With the drastic reduction in inventory over the last few months, you need to be ready to move quickly when a home hits the market. Give us a call today to learn more about our winning strategies for HUD bis, Aurora foreclosures and homes in the entire Denver market.

 

 

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