The Brian Petrelli Team Blog

Located in the northern area of Colorado Springs, Gatehouse Village at Briargate provides easy commutes to the Air Force Academy, and easy access for those frequently commuting to Castle Rock or Denver. HUD just released a new listing in the neighborhood, and it is an incredible deal.

This great home offers over 3,200 square feet with 4 bedrooms, 3 baths, an office, wood floors and an unfinished basement – all for just $230,000! Homes in this neighborhood typically list for the high $200’s or low 4300’s, so this will sell quickly. If you are looking at Colorado Springs homes, this one needs to be on your list.

Give our office a call to see this home or to learn more about bidding on HUD homes and foreclosures. Our expert team can help you make winning bids on the highly competitive homes. Give us a call at 719-641-4209.

Gatehouse Village at Briargate:

4435 bays water dr colorado springs 80920 $230,000.00

Beds: 4 Fin Sq Ft: 3212 Baths: 3 Year: 1997 Acres:0.149 # of Photos Avail: 17 V-tour Available: No MLS #: 735990 Status: Active Listing Office: westfall & co. mktng & mgmt gr

Broker Remarks: hud owned*sold as is* nice 2 story home with 4 bedrooms, 2.5 baths, 2 car garage and unfinished basement. wood floors on… more…

The market for Colorado Springs foreclosures is getting more competitive each day. If you are interested in learning more about the process – including the differences between foreclosures, HUD homes, and short sales, give us a call. We can explain all the difference and help you understand this complicated process.

If you’ve been paying attention, Highlands Ranch foreclosures, and particularly Highlands Ranch HUD homes, are selling fast – and usually for thousands of dollars over list price. So, when we see a new listing in the area become available, we move quickly.

The latest listing offered by HUD is a 4 bedroom, 3 bath house with over 2,000 finished square feet, a large, spacious kitchen, wood floors and an open, unfinished basement. It is located on the eastern side of Highlands ranch near Southridge Rec center. this home is in good shape and just needs your finishing touches.

As we mentioned, these HUD homes move quickly and bids on this home are due by midnight on Thursday, March 21st. If you are interested in seeing the home or making a bid, call one of our HUD certified agents at 303-726-1874. We can explain the process and help you make a winning bid.

Highlands Ranch Foreclosures:

HUD Owned Home 4720 hunterwood dr highlands ranch 80130 $271,000.00

Beds: 4 Fin Sq Ft: 2032 Baths: 3 Year: 1999 Acres:0.13 # of Photos Avail: 5 V-tour Available: No MLS #: 1167036 Status: Active Listing Office: envision it sold, inc

Broker Remarks: fantastic family home. hardwood floors span main level. huge kitchen w/island. open basement to grow into. great opportu… more…

The market for Highlands Ranch homes is HOT – especially for homes priced under $300,000. If you would like to learn more about a specific area in Highlands Ranch, call us today. We can run detailed reports for the area and help you make educated offers and bids.

Remember, to make a id on any of the available Denver HUD homes, you must work with an agent that is registered with HUD. Our agents can help you with the entire HUD process. Call us today at 303-726-1874.

More great news for the Denver Luxury Homes market. A report in the Denver Business Journal shows that year over year sales of luxury homes in the Denver area increased by 73% in February. Month over month sales also increased from January by 5%.

This report continues the trend we have been seeing in the luxury market over the past several months. While the broader market has been increasing for almost a full year, the luxury market has been about 6 months behind. It is encouraging to see the rise continue.

From The Denver Business Journal:

Buyers scooped up almost 37 percent more metro Denver luxury homes in February compared to a year earlier, according to a report released Tuesday.

There were 43 single-family homes and condos with a price tag of more than $1 million sold in metro Denver in February, according to a report from Gary Bauer, based on multiple listing service data. Without the two luxury condos sold in February), that’s a 5 percent increase from January and a 36.67 percent increase from February 2012.

The total dollar amount of the single-family homes sold stood at $57.54 million, up 3 percent month over month and 30 percent year over year, the report states.

The market for these homes is much different that the more traditional homes that make up the bulk of the sales reported in the media. Luxury homes account for only a small portion of total sales and tend to fluctuate more rapidly and are influenced more by other economic factors.

If you would like detailed information on a specific community, or the broader market in general, contact our team today at 303-726-1874.

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Denver Area Luxury Homes Searches:
Denver Area Luxury Homes, Aurora Luxury Homes, Arvada Luxury Homes, Brighton Luxury Homes, Broomfield Luxury Homes, Castle Rock Luxury Homes, Centennial Luxury Homes, Commerce City Luxury Homes, Denver Luxury Homes, Englewood Luxury Homes, Golden Luxury Homes, Highlands Ranch Luxury Homes, Lakewood Luxury Homes, Littleton Luxury Homes, Northglenn Luxury Homes, Parker Luxury Homes, Thornton Luxury Homes, Westminster Luxury Homes

Metzler Ranch Townhomes are incredibly popular and in very high demand. This complex is one of the most popular neighborhoods for Castle Rock Townhomes, and until yesterday there was only one home active on the market.

However, yesterday HUD released a large, 2 bedroom, 3 bath townhome with over 1,800 square feet. These townhomes are newer – built in 2007, and have several upgrades standard. this unit in particular has wood floors, a double sided fireplace, open kitchen and more.

This townhome will sell quickly so if you are interested in taking a look, contact us today. Bids are being accepted until March 17th at midnight.

Metzler Ranch Townhomes:

HUD Owned Home 564 hanging rock pl castle rock 80108 $225,000.00

Beds: 2 Fin Sq Ft: 1825 Baths: 3 Year: 2007 # of Photos Avail: 5 V-tour Available: No MLS #: 1166190 Status: Active Listing Office: elist realty llc

Broker Remarks: hud home sold as-is by electronic bid only fha case #052-542018. bids for eligible bidders due on or before 03/17/13 @ 1… more…

The market for Castle Rock foreclosures is HOT. Homes are selling very quickly, and usually for over list price. If you are interested in seeing all of the available homes, call us at 303-726-1874. Remember, not all agents are eligible to place bids on Denver HUD homes. Our agents are experienced with HUD and can help you make winning bids.

THe HUD process can be daunting, so make sure you are with an expert!

Roxborough Park homes offer custom homes in a foothills community with breathtaking views and seclusion from the city. With two golf courses bordering the community, nearby Waterton Canyon and Chatfield State Park, and herds of deer and other wildlife grazing outside your front door, this is truly a one-of-a-kind community in the Denver area.

With the wide variety of homes and builders, there are very few Roxborough townhomes in the area. When these rare units do become available, they tend t sell very quickly. However, our team just listed a townhome in this area and it is a tremendous opportunity for someone with the ability to wait for a Littleton Short Sale. This unit has unmatched views and has over 2,100 finished square feet.

Roxborough Park Homes:

6978 n buckskin dr littleton 80125 $210,000.00

Beds: 2 Fin Sq Ft: 2170 Baths: 2 Year: 1973 # of Photos Avail: 1 V-tour Available: No MLS #: 1164340 Listing Office: mb the brian petrelli team

Broker Remarks: spacious townhome in roxborough park. amazing views. great opportunity on rare towhome in roxborough park. short sale us… more…

If you have been looking for a truly unique Littleton townhome, this is a home you need to schedule a time to see. You won’t find another home in the area with these views at this price.

If you are iterested, call our team at 303-726-1874 and we can set up a time for your personal viewing.

I was done with all of my work for the day and was strongly considering leaving early when I ran across this brand new HUD listing in the Homestead Farm neighborhood. As you may know, Centennial foreclosures and HUD listings are rare in this highly sought after area, so we wanted to make sure and let all of you know about it as soon as possible.

This home is priced nearly $100,000 below any other Homestead Farm homes currently on the market and represents an incredibly opportunity for the right buyer. While the home needs some work, the value is there. Bids are due by midnight on March 16th, so if this is a home you are interested in taking a look at, call our team today at 303-726-1874.

Homestead Farm:

HUD Owned Home 7126 s hudson cir centennial 80122 $330,000.00

Beds: 4 Fin Sq Ft: 2266 Baths: 3 Year: 1978 Acres:0.24 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1165868 Status: Active Listing Office: the colorado real estate co.

Broker Remarks: fabulous colonial style home in coveted neighborhood! property needs some work, but has some wonderful characteristics l… more…

The market for Centennial homes is tight. there are currently only 12 Centennial foreclosures on the market, and several of those are already in “Pending” status.

Like all Denver HUD homes, this home will be available for 10 days before bids are accepted. Depending on the bid, this home may sell for above list price, so call us and let us do the research for you to help you make an informed bid that has a chance at winning.

We have several clients looking in north Denver, so we are always keeping an eye out for the latest foreclosure listings in the area. Yesterday, we came across this latest listing for a HUD home in the Montbello Homes Neighborhood.

This latest offering is one of only a few Denver HUD homes that offers over 2,200 square feet for under $150,000. This home is a tremendous value for the right buyer and with a little love could prove to be a fantastic investment. Bids are being accepted by owner occupants through March 14th at midnight, so if this is a home that may interest you, call us today to schedule a showing at 303-726-1874.

Montbello Homes For Sale Denver:

HUD Owned Home 13175 e elk pl denver 80239 $145,000.00

Beds: 4 Fin Sq Ft: 2261 Baths: 3 Year: 1969 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1165179 Status: Active Listing Office: coldwell banker residential 24

Broker Remarks:  great opportunity in popular denver neighborhood! great location with easy access to highways, local shops and restaurants. large 2 story with 4 bedrooms upstairs! spacious open kitchen and family room with fireplace. great for entertaining friends and family. large fenced yard, back patio additional storage storage shed and mature landscaping. large 2 car garage. this is a hud home sold as-is #052-434553 with owner occupant sealed electronic bid deadline of… Disclosures

Even with the improving Denver homes market, there are still some great deals on Denver foreclosures to be found. If you are looking in the Montbelo, or surrounding areas, contact us so we can let you know as soon as a listing hits the market. The buyers who can move fast and who are working with HUD registered agents (us) are the buyers who are making successful bids.

Don’t wait. Call us today.

It’s been happening for several months now in the Denver market, but it looks like the shift from a Buyers’ Market to a Sellers’ market is happening for Colorado Springs Homes as well.

We are starting to see a much lower inventory of homes on the market and this scarcity is causing buyers to move quicker and be willing to pay a higher price for homes in the Colorado Springs area. 

Fox21 has a good article on this:

After years of being a buyer’s market in Colorado Springs experts say the tables are turning.

Over the last six months the market has transformed into a neutral market and is now turning into a seller’s market.

A neutral market is where it’s pretty balanced between buyers and sellers. Price stays stable,” Hank Poburka, Chairman of the Board of Pikes Peak Association of Realtors, said. ” We see that usually for just short periods of time.”

For the last five years buyers have had the advantage.

“That has had to do with a lot of things. Lots of foreclosures, lots of short sales, lots of hardships, and interest rates really made a big change too,” Poburka said.

Now sellers are getting their big break.

“We have very low inventory and very low interest rates and that’s causing demand to be high,” Poburka said.

  As the article mentions, the number of Colorado Springs foreclosures has been declining, and this has been a major factor in the market shift.

As always, each neighborhood and area is different. If you would like numbers and figures for a specific area in Colorado Springs, call our team at 719-641-4209.

Located in the heart of the southwest Littleton area, The Powderhorn Littleton neighborhood is one of the most popular areas for buyers looking for nice homes at an affordable price point. Yesterday, HUD released a tremendous opportunity in this highly sought after neighborhood.

Over the past several months, the number of Littleton foreclosures on the market has dwindled, so we were excited to see not only a new foreclosure hit the market, but to see one of this value! With over 1,800 square feet, 4 bedrooms, covered front and rear porch, a great lot with mature trees and so much more, this is the home buyers in the area have been waiting for.

As with all Denver HUD homes, the bid period is open for only a short time. Bids are due on this home by March 14th, so if this is something you may be interested in, call our team today. We can show you the home and explain the HUD bidding process to you.

Powderhorn Littleton:

HUD Owned Home 6081 s quail way littleton 80127 $185,000.00

Beds: 4 Fin Sq Ft: 1820 Baths: 3 Year: 1988 Acres:0.19 # of Photos Avail: 5 V-tour Available: No MLS #: 1165155 Status: Active Listing Office: diamond realty alliance

Broker Remarks:  finally a new hud home in littleton! amazing tri-level location on fabulous lot with professional landscaping in front, rear and sides! this space gives you the feeling of being in the mountains while still enjoying the conveniences of the city life. located in a well cared for area, close to shopping and a great schools. the rear lot boasts large trees and shrubs and a spacious covered patio, the front also has a cozy covered porch. the interior has a very open floor plan with two living areas, the family room on the lower level has fireplace. there are vaulted ceilings in living room that opens to the eating more… Disclosures

The market for Littleton homes is tight – especially those priced under $250,000. If you are in the market and want to learn how to make successful bids on foreclosures or standard homes for sale, call our team now at 303-726-1874. It’s a Sellers market, so you need an agent willing to aggressively find you a home!

For the 12th month in a row, the price for Colorado homes has shown a positive gain according to CoreLogic. This corresponds with the other reports (Case-Shiller, Metrolist, etc) on prices for both Denver homes and the state as a whole.

As we continue to post here, the market has shifted from a buyers market to an incredible Sellers’ market in only a matter of months. The inventory of available homes is at lows we haven’t seen in many years and buyers are finding themselves in bidding wars more often than not.

You can see the results and details of this report on the Colorado Division of Housings Blog:

Corelogic’s home price index for Colorado increased year over year for the twelfth month in a row during January 2013, increasing to the highest growth rate seen since the beginning of the recession in 2008.

Colorado showed a 9.8 percent increase from January 2012 to January 2013. The December HPI report, released today by Corelogic, shows the national HPI rising by 9.7 percent, year over year. since mid-2012, year-over-year growth in the HPI for Colorado has been robust, as inventory continues to decline and demand for home purchase remains steady or increasing among Colorado residents.

Again, these numbers include statistics for Denver homes, Colorado Springs homes for sale and all other areas of Colorado housing. If you are interested in a specific city or neighborhood, give us a call and our team will run a detailed report for you. You can reach our Denver office at 303-726-1874 and our Colorado Springs office at 719-641-4209.