The Brian Petrelli Team Blog

There have been some great deals on Colorado Springs Foreclosures the last few weeks. This listing in Sunrise Terrace caught our eye this morning as we were searching for a client, and we wanted to highlight it here.

This is a 2 story HUD home with 3 bedrooms (plus office), 3 baths and over 2,800 square feet. The 2,800+ square feet does not include the unfinished basement – giving you plenty of room to expand. The home needs some work, but at this price, it is a tremendous value.

If you would like to schedule a time to see this, or any other Colorado Springs homes for sale, give our team a call. We can help you with Colorado Springs foreclosures, short sales or any of the more traditional sales. You can reach our Colorado Springs team at 719-641-4209

Sunrise Terrace Colorado Springs Homes:

6971 ketchum dr colorado springs, CO 80911 $199,000.00

Beds: 3 Fin Sq Ft: 2822 Baths: 3 Year: 2004 Acres:0.33 # of Photos Avail: 14 V-tour Available: Yes MLS #: 792211 Status: Active Listing Office: keller williams performance re

Broker Remarks: 2 story with 3 bed,3 bath, 3-car garage, nice neighborhood, great kitchen, fireplace, main level office, upper level has… more…

Remember, the best homes are moving quickly, so if you would like us to set you up on a daily email alert for the newest Colorado Springs homes, give our team a call.

There is more good news to report for the market and prices of Denver Homes. The latest CoreLogic report shows that for the 11th straight month, Denver home prices have have increased year over year. The latest numbers available from are for December of 2012 and show that prices for Metro Denver Homes rose by 9.5% from December of last year.

This is a very significant increase and shows that the Denver market is on a steady uphill climb. These numbers include “distressed properties” (Denver foreclosures and Denver Short Sales). If those Denver distressed Properties are taken out of the calculations, the price increase is still 8.3%.

From The Denver Business Journal:

Those prices for the Denver-Aurora-Broomfield area grew 9.5 percent in December from a year earlier, including all distressed property sales, the report states. Though prices slid slightly from November to December, 0.5 percent, that’s normal for the annual seasonal slowdown.

Without the distressed — short sales or real estate owned (REO) property — prices grew 8.3 percent year over year and 0.1 percent from November 2012, CoreLogic said.

Another national report released Tuesday, home sales data website company Trulia (NYSE: TRLA), labeled Denver’s market “booming” with “big price increases and healthier market fundamentals” along with San Francisco, Seattle, San Jose and Salt Lake City. No specifics about the Denver market were provided in the report.

Nationally, home prices increased 8.3 percent from December 2011, the biggest increase since May 2006.

These Coreogic numbers are very close to the other market numbers we have been reporting and are consistently increasing even when Denver foreclosures and Denver short sales are taken out of calculations. If you are thinking of buying a home, waiting may cost you $1,000’s of dollars. With prices rising and interest rates starting to creep up, now is the time to buy.

Some more positive news for Denver Luxury Homes was reported on in the Denver Business journal today. Highlighting the latest sales numbers, Denver Luxury home sales (homes over $1 million) increased by 12 percent from January of 2012.

From the Denver Business Journal:

Buyers bought 28 such homes last month, compared to the 25 sold in January 2012. Those homes were worth $40.8 million, a 14 percent increase over the dollar volume moved in the same month last year.

The average sales price for those home increased slightly year-over-year, from $1.43 million in 2012 to $1.46 million. The average days on the market continued to fall, from 239 in January 2012 to 214 last month.

This report comes on the same day that numbers for the broader market of all Denver Homes increased for the 11th straight month.

This article in the Business Journal Highlights these broader numbers:

It was almost a clean sweep for increasing Denver-area home prices in 2012: December marked 11 straight months of year-over-year price gains, according to the CoreLogic Inc. December home price index report released Tuesday.

Those prices for the Denver-Aurora-Broomfield area grew 9.5 percent in December from a year earlier, including all distressed property sales, the report states. Though prices slid slightly from November to December, 0.5 percent, that’s normal for the annual seasonal slowdown.

All of these figures match up with the other data we’ve been seeing and posting here. the market continues to move in a very positive direction and there are no signs of it slowing down.

Remember, all areas are different and the numbers for your neighborhood may be better or worse. If you would like to talk to one of our experts about a particular area or have us run numbers for your neighborhood, call us today at 303-726-1874.

The Market for Denver Luxury Homes is highly specialized, so make sure you work with our knowledgeable team to get the best information.

.

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

Our team is always keeping our eyes open for the best Colorado Springs foreclosures to hit the market. This week, a new listing by HUD in the Old Farm Colorado Springs Homes neighborhood was released and we wanted to highlight it for you here.

This large 2,300 square foot home has 3 bedrooms, 3 baths and all of the rooms are large and roomy. The home itself is in good shape and priced well at just $185,000.

Colorado Springs foreclosures are starting to sell faster in this market, so if you are interested in seeing this home, call our team at 719-641-4209 today.

Old Farm Colorado Springs Homes:

5014 old mill rd colorado springs 80917 $185,000.00

Beds: 3 Fin Sq Ft: 2303 Baths: 3 Year: 1984 Acres:0.173 # of Photos Avail: 15 V-tour Available: Yes MLS #: 742876 Status: Active Listing Office: cliff johnson rlty. inv./mb

Broker Remarks: desirable old farm! great floorplan and amenities in this gracious home. 3 bedrooms, 2-1/2 baths and a large 2-car garag… more…

Our team of experts can help you in your search for Colorado Springs homes. Whether you’re looking for Coloroda Springs foreclosures, short sales or a more traditional sale, call our team of experts today and we can find the right home for you!

Our team is excited to announce this new listing presented by Omak Yanez on our team in the Meadows Littleton homes neighborhood. This four bedroom home is in move in condition with a new roof, new carpet, newer paint and updated kitchen and baths. 

The Meadows area is one of the most popular neighborhoods for buyers looking at Littleton homes and this is currently the lowest priced listing in the neighborhood. But don’t let that scare you off. This home is a regular sale; it is not one of the Littleton short sales or foreclosures in the area, so there is no need to wait for any bank to approve the sale.

At this price, we expect a quick sale, so if you are interested in this home, give our team a call at 303-726-1874 today to schedule a time to see it.

Meadows Littleton Homes:

7813 s Independence way littleton CO 80128 $227,000.00

Beds: 4 Fin Sq Ft: 1416 Baths: 2 Year: 1982 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1157130 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: move in condition with new carpet new roof newer paint inside and out nicely landscaped contemporary feel pleasure to sh… more…

If you would like to talk to our team about Littleton homes for sale, including Littleton foreclosures and short sales, give us a call at 303-726-1874. Many of our agents live in the Littleton area and can answer all of your questions.

 Some good news this month from Zillow for Colorado Springs Homes. According to their latest “Colorado Home prices and Home values” report, the average price for Colorado Springs homes has risen 2.5% from last year.

 It’s worth going to their site to read the full report here. You’ll see that nearly every metro area in Colorado has shown significant improvement in home prices. The only exceptions are Canyon City Metro area, Edwards metro Area and Sterling Metro area. Colorado Springs and the surrounding area, as well as Denver Metro area, have shown a very encouraging upward trend.

As we continue to see the number of Colorado Springs foreclosures decline, we should see a slow but steady increase in home prices for the area.

If you would like more detailed stats and numbers, or if you would like us to run a report for a specific area in the Colorado Springs area, call our team at 719-641-4209. number for each area are different, so make sure you have us run a detailed reportrt for you.

In addition, with the improving market, using number from 12 months ago is not typically a reliable method for valuing a home. In this rapidly changing market, we typically use numbers from 3-6 months in the past depending on the area.

.

Colorado Springs Houses:
Calhan Homes for SaleColorado Springs Homes for SaleDivide Homes for SaleElbert Homes for SaleFlorissant Homes for SaleFountain Homes for SaleLarkspur Homes for SaleManitou Springs Homes for SaleMonument Homes for SalePeyton Homes for SalePueblo Homes for SaleWoodland Park Homes for Sale

The number of active Brighton foreclosures is at an unbelievably low level. Of the 18 Brighton homes listed as foreclosures, 10 of these homes are “Pending” (the home has an offer in and all parties are waiting on the banks’ approval). That leaves only 8 active single family homes on the market in Brighton.

That’s why we were excited to see HUD release a new listing in the highly sought after Silverleaf Brighton homes area. this is a fantastic area and the home being offered by HUD is a tremendous value.  At nearly 2,000 square feet, this home has 3 bedrooms, 3 baths and spacious vaulted ceilings. In this area, at this price, this home will most likely generate several bidders.

If you are interested in learning more about how to bid on Denver HUD homes, or would like to learn more about this particular home, give our team a call at 303-726-1874 today. Bidding for owner occupants will end February 7th, so don’t wait.

Brighton Foreclosures:

HUD Owned Home 1716 emma ln brighton 80601 $212,000.00

Beds: 3 Fin Sq Ft: 1870 Baths: 3 Year: 1999 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1156610 Status: Active Listing Office: re/max momentum

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

The market for Brighton homes is hot, and you need to be ready to move as soon as you see a home you are interested in. Have our team set you up on an email alert so you don’t miss ay of the new Brighton foreclosures as they hit the market.

Over the past year, there have been very few Lone Tree foreclosures that have come available and few of those have been HUD homes. As we were running a search this morning for one of our clients looking for Lone Tree Homes, we came across this new HUD listing in Acres Green.

This large ranch home sits on a corner lot, has a finished basement and is eligible for 203k financing. This is a terrific deal at just $187,000, and as with most HUD homes in the area, multiple bidders will be expected. If you are interested in learning more about this home, the HUD process or the 203k program, give our team a call at 303-726-1874.

Acres Green Homes:

HUD Owned Home 342 olympus cir lone tree 80124 $187,000.00

Beds: 4 Fin Sq Ft: 1674 Baths: 2 Year: 1973 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1156169 Status: Active Listing Office: re/max alliance

Broker Remarks: fha insured*203k eligible*case*052-371416*large corner lot with great deck at back for entertaining*light bright and ope… more…

As we have mention, Lone Tree foreclosures have been moving very fast and the low inventory has been creating bidding wars on most of these homes. If you would like to learn more about the process, or more about Denver HUD homes in general, give our team of experts a call at 303-726-1874.

Remember, only agents approved and registered through HUD can place bids for you.

We continue to see every report on prices for Denver Homes showing significant improvement. The latest report comes from S&P/Case Shiller and is highlighted in today’s Denver Business Journal.

This report shows that prices on Denver homes rose 7.8 percent in November 2012 when compared to November of 2011. THis increase marks the 11th straight month of continued year-over-year price increases.

These numbers include all of the sales for the Denver area, including Denver foreclosures and Denver short sales. 

From the Denver Business Journal:

Denver area home prices rose 7.8 percent in November 2012 from a year earlier, the metro area’s biggest year-over-year price gain since before the recession, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

It was the 11th straight month of year-over-year price gains in metro Denver, according to data from the closely followed real estate report series from Standard & Poor’s.

Local home prices in November were at their highest level since October 2007, according to historic data from the report series.

With the housing inventory incredibly low, hopefully these increased prices will spur sellers to list their homes for sale. Our team has buyers ready to pounce as new listings hit the market and demand is getting stronger everyday.

If you are interested in learning more about selling your home and how these price increases impact you, give us a call at 303-817-0209. You might be surprised what your home can sell for.

For those of you considering buying a home, make sure you have an agent that can respond quickly and can show you homes the day they hit the market. Denver short sales and Denver foreclosures are moving quickly and usually these homes create multiple buyer/bidding situations.

There have been some great deals on Colorado Springs foreclosures announced over the past few weks. The latest is a HUD home in the Chelsea Glen Colorado Springs neighborhood.

This home has over 1,900 square feet, 3 bedrooms 3 baths and sits on a cul-de-sac. With vaulted ceilings, a gas fireplace and more. this home just needs a little work to be amazing. The basement is already framed and ready for you to finish!

If you are interested in learning more about the Chelsea Glen area, or any Colorado Springs Homes, give our team a call at 719-641-4209 today. We can help you with all of the available Colorado Springs foreclosures on the market.

Colorado Springs Foreclosures:

1549 chutney ct colorado springs CO 80907 $180,000.00

Beds: 3 Fin Sq Ft: 1912 Baths: 3 Year: 1998 Acres:0.13 # of Photos Avail: 9 V-tour Available: Yes MLS #: 775873 Status: Active Listing Office: home pride realty

Broker Remarks: great 2 story home in chelsea glen subdivision located on a quiet cul-de-sac. living room with vaulted ceiling and cozy … more…

While the $100 down HUD program has been halted (who knows for how long) there are till plenty of great reasons to buy a HUD home. Give our team a call today and we can help you understand the bidding process for HUD homes, forelosures and all types of bank owned homes.