The Brian Petrelli Team Blog

Found just north of 120th Ave off of Highway 36, Broomfield Heights homes are priced from the low $100’s to the high $200’s. The convenience of the easy highway access and the location equal distance from central Denver and Boulder make this area incredibly popular.

HUD released a new foreclosure in this neighborhood earlier in the week, and we wanted to spotlight it here. The new offering from HUD has 4 bedrooms, two baths and over 1,700 square feet. This tri-level home has wood floors, a formal dining rooms and a wood stove – all for under $180,000!

Bids on this home, like most Denver HUD homes, will be accepted from owner occupants for the initail 10 day listing period. If you are interested in seeing the home or placing a bid, contact one of our HUD registered agents at 303-726-1874 as soon as possible. This home will sell fast at this price and we expect to see several bidders.

Broomfield Heights Homes for Sale:

HUD Owned Home 325 hemlock st broomfield 80020 $178,000.00 est $

Beds: 4 Fin Sq Ft: 1733 Baths: 2 Year: 1958 Acres:0.19 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1177397 Status: Active 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…

The process for bidding on HUD homes is different than other Broomfield homes for sale. Initial bids must be placed with a registered HUD agent through their online system. Once an offer is accepted, a complete HUD contract must be filled out.

For mre details on HUDs or other Broomfield foreclosures give us a call today.

The Green Valley Ranch area has seen a huge surge in activity over the past few months. Our agents have been involved in bidding situations where over 20 buyers have entered bids on Denver HUD homes in this neighborhood.

Earlier in the week, HUD released a new listing in the neighborhood, and this home is a tremendous value. This three bedroom, 3 bath home has nearly 1,500 square feet and is priced at only $145,000. We expect to see multiple bids on this home, so if you think this might be the one for you, call us today to see it before the bidding period expires: 303-726-1874.

Green Vallley Ranch Denver Homes

HUD Owned Home 5544 halifax st denver 80249 $145,000.00 est $

Beds: 3 Fin Sq Ft: 1495 Baths: 3 Year: 2008 Acres:0.06 # of Photos Avail: 5 V-tour Available: No MLS #: 1176025 Status: Active Listing Office: great way re exclusive prop…

Broker Remarks: buy me! great deal for this home in green valley ranch! just a minor touch will make this home shine. spacious throughou… more…

Again, the bidding on HUD homes is different than the bidding on other Denver foreclosures. Your agent must be a registered HUD bidder (we are) and the bid submission process is different from any other contract  / bid. Call us today and we can explain all of your options for looking at Denver homes and help you make the most informed choice.

Kentley Hills is located in central Highlands Ranch just south of Highlands Ranch Parkway and west of Fairview Parkway. The neighborhood itself contains two elementary schools (Heritage and Summitview) as well as the very popular Dad Clark Park. Homes in the neighborhood range in price from the high $200’s tp the low $700’s depending on size and finishes.

Over the past 6 months, the activity in Kentley Hills, as with most Highlands Ranch homes, has been slow due to incredibly limited inventory. As we approach the Spring / Summer season, we are slowly starting to see more homes hit the market.

Our team is working with several buyers and sellers in this area, and in preparing our reports for these clients, we compiled the latest market statistics for the entire neighborhood. Please keep in mind, that as with most neighborhoods in Highlands Ranch, many agents fail to list neighborhood information correctly when they list a home in Kentley Hills (The MLS auto-populates homes in this area with the subdivision name “Highlands Ranch” and an agent must manually change the neighborhood to “Kentley Hills”.) Because of this, not all homes will be counted in reports such as this. If you would like our team to prepare a detailed report for a specific street / area of the neighborhood, please contact us at 303-726-1874.

Kentley Hills Highlands Ranch Sold Homes:

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

Just east of I-25 and south of E-470 is the Quail Valley neighborhood in Thornton. This popular area for Thornton homes offers tremendous values in single family homes from the mid $200’s to the high $300’s. These homes offer easy access to the I-25 corridor and have big lots and fantastic finishes.

HUD has just released a smaller home in this neighborhood priced at only $239,000! This 3 bedroom, 3 bath house has over 1,700 square feet, sits on a corner lot and has a covered front porch and rear patio. The interior offers many upgrades and great features (check out the link below) and at this price, we expect to see multiple bidders.

If this is a home that interested you, do not wait. Give our team of HUD experts a call today at 303-726-1874 so we can show you the home and educate you on the unique bidding process for HUD homes.

Quail Valley Thornton:

HUD Owned Home 2056 e 148th ave thornton 80602 $239,000.00

Beds: 3 Fin Sq Ft: 1707 Baths: 3 Year: 2004 Acres:0.22 # of Photos Avail: 5 V-tour Available: No MLS #: 1175549 Status: Active Listing Office: diamond realty

Broker Remarks: fabulous hud owned two story just east of i-25 in well-kept thornton neighborhood! located on a corner lot with landscap… more…

The number of Thornton foreclosures continues to decline. With the incredibly high demand for homes priced under $300,000, foreclosures and Denver HUD homes are moving very quickly. While most HUD homes offer a 10 day period for owner occupants to bid, that is not the case on every HUD. Call us today for full details.

With the market for Colorado Springs homes picking up, our team is actively looking several times a day to make sure we’re finding the best Colorado Springs Foreclosures as soon as they hit the market. With the highly competitive market, making our clients aware of the best deals the day they hit the market- especially from HUD – can make all the difference.

Today we want to highlight two homes that HUD has released.

The first listing is in The Glen at Widefield Colorado Springs Neighborhood. This popular area is located in south Colorado Springs just east of Big Johnson Reservoir north of Fountain Creek Regional Park. This large home has over 1,700 square feet, vaulted ceilings and appliances. With 4 bedrooms and 2 baths, this is a fantastic value.

The Glen at Widefield:

The second home we want to highlight here is located on the north end of Colorado Springs in the Sundown Homes neighborhood. This large home offers over 2,000 finished square feet upstairs with an additional unfinished basement. With 3 beds (walk-in closets in the master), a two car garage, a large yard and views, this home is priced very well at just $169,900.

Sundown Colorado Springs:

Again, both of these homes are HUD homes (FHA foreclosures). if you are interested in learning more about these specific homes or the HUD process in general, call one of our HUD registered agents at 719-641-4209. HUD work differently than other foreclosures and your agent must be registered with HUD – we are. Call us today to learn more about the market for Colorado Springs foreclosures.

Located in the north west Aurora area just south of Pena Blvd, First Creek Farm condos are incredible popular for people needing a fast and easy commute to DIA. The community itself is fantastic and your HOA fees include a clubhouse, pool, fitness area and much more.

Donna Jarock on our team just listed a beautiful 1 bedroom unit in this neighborhood. This unit has 758 square feet, a garage, balcony and the the interior has many popular upgrades: vanity with double sinks, tile back splash, gas fireplace, and a full size washer and dryer.

There are currently only two units available in this complex and we expect this home to sell fast. If you are interested, give our team a call at 303-726-1874 today.

First Creek Farm Aurora:

5756 n genoa way aurora, CO 80019 $69,900.00 est $

Beds: 1 Fin Sq Ft: 758 Baths: 1 Year: 2004 # of Photos Avail: 5 V-tour Available: No MLS #: 1175460 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: beautiful unit*1 bedroom with balcony facing west*upgraded bath vanity with double sinks*full size washer and dryer*upgr… more…

Aurora condos are selling fast, and many of the best units are receiving multiple bids. If you would like to learn more about the area or talk about qualifying for a mortgage, call our team today at 303-726-1874.

One of the most popular, and most affordable, complexes for Highlands Ranch condos is the Canyon Ranch neighborhood located just south of County Line rd off of Colorado Blvd. This complex offers units in the low to mid $100’s in a great area with its own pool, hot tub and clubhouse.

With nearly 500 units in the neighborhood, over the past decade, seeing close to 20 units at a time on the market was not uncommon. However, with the recent buyer demand in the market, the availability of these great condos are becoming increasingly rare. in fact, in this complex of hundreds of units, there are only 5 condos available for sale!

We have sold dozens and dozens of homes in this complex over the past many years, and continually run market stats on the area. Below is the latest from Metrolist. On important note, many agents fail to report sold condos in Canyon Ranch using the correct subdivision name. because of this, many times sold numbers are not reported accurately in the Metrolist figures. For a detailed explanation, please call Brian directly at 303-817-0209.

Canyon Ranch Highlands Ranch Condos:

 Sold:

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

Highlands Ranch Subdivision Condo Searches:
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March was a fantastic month for Denver Luxury home sales! The number of luxury homes that sold in March 2013 was 50% greater than the number of luxury homes sold in March of 2012! The first quarter of 2013 has seen an overall increase in the luxury sales of 24% when compared to the first quarter of 2012.

While these numbers are in line with the entire market for Denver homes, it is encouraging to see this specialty market picking up so quickly. Many times the market for luxury Denver homes lags behind the broader market. This has definitely not been the case during this recovery.

From the Denver Business Journal:

There were 48 Denver-area homes that sold in March for $1 million or more, 50 percent more than the 32 sold in March 2012.

In the first three months of 2013, 108 luxury homes in the area were sold totaling $160.24 million compared to the 83 sold in the same time period in 2012 totaling $127.11 million.

When running numbers and statistics, luxury homes are considered any home priced about $1 million dollars. The reports include foreclosures and short sales in the calculations and do not specify property condition.

The report also details average days on market for these homes, which has maintained roughly the same number year over year (144 vs 148).

As with all sales data, numbers for a broader market (Denver Metro) don’t always correspond with individual sub markets. If you have interest in a particular area, call us at 303-726-1874 so we can run a detailed report on that city or area.

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Denver Area Luxury Homes Searches:
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While the market for University Hills Homes is always strong, over the past few months we’ve seen a surge of homes in the area going under contract. Currently, there are 7 active listings in the neighborhood and an incredible 13 homes either under contract or “pending” final approval.

The University Hills area is situated in an ideal location that offers easy access to both the tech center and Downtown Denver. Nestled between Hampden and Yale, just west of I-25, the neighborhood surrounds Mamie Dowd Eisenhower Park and is situated next to the Welshire Golf Club.

As an established neighborhood, this area offers mature trees, large lots and plenty of character. Many of the homes in the neighborhood have been completely remodeled and offer features and amenities normally found in newer homes. The combination of location and character make this neighborhood one of the most popular areas for buyers looking at Denver homes.

Our team is working on bring a couple new listings to market in the amazing area. Stay tuned to our blog to be the first to see these homes when they hit the market. In the meantime, feel free to contact us at 303-726-1874 to learn more about everything University Hills has to offer.

As the market for Colorado Springs homes heats up, the number of permits for Single Family homes continues to rise. March marks the 15th straight month that the number of permits has increased and shows a nearly 33% increase from March of 2012.

From The Gazette:

Single-family building permits issued to area homebuilders in Colorado Springs and El Paso County totaled 227 in March, a nearly one-third increase over the same month last year, according to a Pikes Peak Regional Building Department report Monday. Permits now have increased for 15 straight months on a year-over-year basis.

For the first quarter of 2013, single-family building permits totaled 625, a 70.3 percent jump over the same period in 2012. It was the best first quarter for any year since 2007.

Read more: http://www.gazette.com/articles/year-152955-building-home.html#ixzz2PQUDvLsf

These are big numbers and point to a future supply coming into balance with the current high demand for Colorado Springs homes and Colorado Springs foreclosures.

As we have continued to post, the number of Colorado Springs foreclosures continues to dwindle as the demand for homes picks up. With inventory falling drastically, here’s hoping we see more new builds – and quickly.

If you would like detailed information on new home builds in a certain area of Colorado Springs or more information on new homes in Denver, give our team a call.