The Brian Petrelli Team Blog

The market for Denver HUD homes is HOT! Our team is consistently seeing multiple bidder situations on HUD homes around town with many going for well above asking price. This is why we are constantly telling our clients to be ready to see a home the day it hits the market and make sure you have everything lined up with a lender.

This home was recently sent out to our clients who have asked to be set up on daily email alerts for new Denver foreclosures and Denver Short sales. The house is a 1,527 square foot ranch home in the Perl Mack homes neighborhood is a fantastic deal. The home has wood floors and tile throughout, and in addition to the two upstairs bedrooms, the house has two non-conforming bedrooms in the basement.

At this price, we expect several bids to be entered with HUD. If you are interested, make sure your agent is registered and able to bid on Denver HUD homes, or give us a call at 303-726-1874.

Denver HUD Homes:

HUD Owned Home 1252 s alcott st denver 80219 $125,000.00

Beds: 2 Fin Sq Ft: 1527 Baths: 2 Year: 1954 Acres:0.13 # of Photos Avail: 5 V-tour Available: No MLS #: 1156057 Status: Active Listing Office: great way re exclusive propert

Broker Remarks: buy me! great deal for this ranch style home. hardwood floors and tile floors through main floor. basement has an addit… more…

Even with the competitive biding market, we are still finding great deals on Denver foreclosures and Denver short sales for our clients. If you are in the market for Denver homes, call our team at 303-726-1874 and let us know whet you’re looking for.

Its good to see that the positive real estate market is expanding beyond the Denver metro area and picking up for Colorado Springs Homes. The latest numbers from the Pikes Peak Association of Realtors is incredibly encouraging.

As with Denver, the pent up demand from buyers and sellers “waiting it out” for the past few years is turning into a surge of people entering the market. “Move up buyers” are willing to take a small loss on their current home with the expectation that the potential value on their next home will significantly outweigh any loss.

From the Colorado Springs Business Journal:

After years of limp sales and drooping home prices, Colorado Springs residential Realtors say they’re looking forward to a bullish 2013.

The Pikes Peak Association of Realtors reported almost 9 percent more home sales in the last quarter of 2012 than in 2011. On top of that, the average sales price climbed nearly 10 percent year-over-year from $216,817 in the last three months of 2011 to $238,337 in 2012.

Home inventory is also the lowest it has been since 2001. There were only 2,954 homes listed for sale in Colorado Springs in December, 10 percent fewer than at the same time in 2011, according to a report from the Peak Dream team with RE/MAX Properties Inc.

With inventory in short supply, homes are selling quickly. Properties spent an average of 82 days on the market before they sold in December, 76 in November and 78 in October. Those are the shortest average days on market in the fourth quarter since 2006.

We will continue to watch the market and report on it here. As always, markets for each neighborhood are different, so give us a call to see what your specific area is doing.

You can reach our Colorado Springs team at 719-641-4209. Give us a call and we’ll be happy to run numbers for Colorado Springs homes, foreclosures or answer any of your questions.

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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

Colorado Springs Foreclosures and HUD Home Searches:
Calhan Foreclosures and HUD HomesColorado Springs Foreclosures and HUD HomesDivide Foreclosures and HUD HomesElbert Foreclosures and HUD HomesFlorissant Foreclosures and HUD HomesFountain Foreclosures and HUD HomesLarkspur Foreclosures and HUD HomesManitou Springs Foreclosures and HUD HomesMonument Foreclosures and HUD HomesPeyton Foreclosures and HUD HomesPueblo Foreclosures and HUD HomesWoodland Park Foreclosures and HUD Homes

It’s been over two weeks since HUD contributed to the inventory of Thornton Foreclosures. The latest offering is a fantastic deal in the Concord Thornton homes area (near 120th and Holly). This single family home has 4 bedrooms, over 1,600 square feet and an 85% finished basement.

Based on the low inventory of Thornton homes for sale, this unit will move quickly, so if you are interested in seeing it give us a cal at 303-726-1874.

Also, offers on Denver HUD homes are placed differently than other foreclosures. You need an agent that is registered with HUD and who can submit bids on your behalf. Many agents are not in HUD’s system and will not be able to help you with them. Give our team a call to learn about the differences between HUD homes, Fannie Mae, Freddie Mac and the dozens of other banks selling foreclosed homes. You need an expert on your side!

Thornton Foreclosures:

HUD Owned Home 5466 e 120th pl thornton 80241 $190,000.00

Beds: 4 Fin Sq Ft: 1626 Baths: 3 Year: 1996 Acres:0.15 # of Photos Avail: 1 V-tour Available: No MLS #: 1155620 Status: Active Listing Office: mb denver colorado realty

Broker Remarks: fabulous two story home in a central location, close to schools, shopping center thornton rec center, park, etc.! main l… more…

The market for Thornton short sales and foreclosures is competitive. If you are in the market for a Thornton home, give us a call and explore your options. Our experts can help you navigate the complex real estate environment and help you find the best value on the market.

There have been some great deals on Colorado Springs Foreclosures this month. HUD has this home on the market priced incredibly well, and we wanted to highlight it here for you.

This home is in the Highland Park Colorado Springs neighborhood, and has 4 bedrooms, 2,700+ square feet and hardwood floors. This is one of the better deals on Colorado Springs Homes right now. 

The Highland Park neighborhood is located just south of Palmer Park, just east of Academy Blvd. If you are interested in seeing this great home, give our team a call today.

Colorado Springs Foreclosures:

There are some great deals on Colorado Springs Foreclosures. Contact us today and we can set you up on a daily email alert for the area9s) you are interested in so you don’t miss the best deals. Homes are selling fast!

The Market for Highlands Ranch foreclosures has been red hot. Highlands Ranch Homes listed under $350,000 have been going under contract in days – usually with multiple bids – and we have been seeing HUD homes in the area sell for over $25,000 above list price.

We run a search several times a day in the area so we can notify our clients as soon as something new hits the market. We were excited to see this amazing deal hit the market this morning. Priced at just 4300,000, this 2,300+ square foot home will surely have multiple bidders. So, if you are interested in seeing it, call us TODAY at 303-726-1874.

Not all agents are registered to bid on Denver HUD Homes and can enter bids for you. Make sure the agent you work with has an intricate knowledge of Highllands ranch foreclosures and Highlands Ranch short sales. 

Highlands Ranch Foreclosures:

HUD Owned Home 9587 queenscliffe dr highlands ranch 80130 $300,000.00

Beds: 4 Fin Sq Ft: 2351 Baths: 3 Year: 1997 Acres:0.11 # of Photos Avail: 1 V-tour Available: No MLS #: 1155563 Status: Active Listing Office: mb denver colorado realty

Broker Remarks: awesome 2 story in show home shape with great upgrades. well-designed kitchen with built in desk ,window seats, food pre… more…

There are still great deals on Highlands Ranch homes, but you have to move quickly. Give our team a call and have them set you up on a dail alert so you don’t miss anything that becomes available.

Highlands Ranch Golf Club Homes are one of the most popular searches for Highlands Ranch homes by our clients. This popular area not only borders the Highlands Ranch Golf Club, but it is within walking distance of Redstone Park, Shea Stadium, batting cages, a dog park and a fishing pond.

Our team is preparing to put a home in this neighborhood on the market in the coming weeks. During our prpeparation, we compiled these statistics and wanted to share them here.

You’ll see from these numbers that the median days on market (61) is lower than you would expect for a neighborhood with a median sales price above $500,000. THis speaks to the popularity of Highlands Ranch Golf Club Homes.

 If you would like more details on this area, or the Redston Park area, give our team a call at 303-726-1874.

Highlands Ranch Golf Club Homes Stats

Sold Numbers:

 Based on information from Metrolist®, Inc. for the period July 20, 2012 through January 20, 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.

If you would like area wide stats for Highlands Ranch homes, or a more detailed search for a certain price range or type of home (Highlands Ranch foreclosures, Highlands Ranch short sales, etc), give our team a call at 303-726-1874.

We have a few clients looking at Castle Rock Homes for Sale. As we prepared to submit an offer for them, we ran a report detailing the sold homes in the area for the past few months. In compiling that list, we also ran a city-wide search of sold homes for the past 2 months that we wanted to share here.

These numbers include all Castle Rock Homes for Sale, including Castle Rock foreclosures and Castle Rock short sales. If you would like a detailed neighborhood list for a certain area, or a report that spans 6+ month, give us a call at 303-726-1874.

Castle Rock Homes – Sold:

Based on information from Metrolist®, Inc. for the period November 17, 2012 through January 17, 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.

If you would like to discuss these numbers more, contact our team. Even a detailed chart like this can’t show al of the complexities of the market. We can run a report for you detailing specific types of home ( Castle Rock foreclosures, Castle Rock short sales, etc).

We continue to see positive numbers in all reports detailing the market for Denver Homes. the latest is a CoreLogic report detailing the numbers for November (the latest numbers available).

The report (detailed at the Denver Business Journal), shows that prices increased in November 2012 by 9.2% when compared with November of 2011. In addition, the prices for November show an increase in 0.3% from October.

These numbers include all homes sales, including “Denver Distressed Properties” (Denver foreclosures, Denver Short Sales). Not all reports from other sources do, so it is important that you compare “apples-to-apples” when looking at numbers.

More details from the Denver Business Jounal:

The streak continues for metro Denver home sale prices: 10 months in a row of year-over-year price increases through November, according to the CoreLogic Inc.’s home price index report Tuesday.

Those prices for the Denver-Aurora-Broomfield area (which does not include Boulder County) grew 9.2 percent in November 2012 compared to the same month a year earlier. Prices were up 0.3 percent from October, CoreLogic said.

The figures include all sales, including sales of “distressed” properties by a lender.

Without those distressed resales, prices still increased 7.7 percent in November compared to November 2011, and were up 0.5 percent from October.

Nationally, home prices rose by 7.4 percent in November 2012 from a year earlier, including distressed sales — the biggest increase since May 2006.

The total number of Denver Foreclosures has continued to drop as more banks streamline the process for Short Sale approvals.

As always, the numbers for different neighborhoods vary, so give our team a call and we can run an area specific report for you.

Since the first of the year, there have been very few Highlands Ranch foreclosures on the market. This listing on Collinsville marks the first HUD listed in Highlands Ranch this year.

Priced under $240,000 and with no other HUDs around, this home will sell quickly and will receive many bids prior to the January 21st deadline. If you are interested in seeing it, hurry and call us at 303-726-1874.

Homes in Highlands Ranch priced under 4250,000 are moving very quickly, so if you are in that market, make sure you get set up on our daily email alerts so you don’t miss the new listings when they hit the market.

Highlands Ranch Foreclosures:

HUD Owned Home 4810 e collinsville pl highlands ranch 80130 $236,000.00

Beds: 3 Fin Sq Ft: 1381 Baths: 2 Year: 1997 Acres:0.09 # of Photos Avail: 5 V-tour Available: No MLS #: 1153270 Status: Active Listing Office: elist realty, llc

Broker Remarks: hud home sold as-is by electronic bid only fha case #052-424337. bids for eligible bidders due on or before 01/21/13 @ 1… more…

The market for Highlands Ranch short sales and foreclosures is still red hot. Make sure you are working with a team that can help you wit every bank and is registered to bid on Denver HUD homes. You can reach our team of experts at 303-726-1874.

Our team will be listing a home in Broomfield in the coming days. as we were conducting our research, we pulled the latest market statistics on Broomfield homes for sale. There are some very interesting numbers in this report, and we wanted to highlight them here.

The most striking number in the report is the average days on market. Over the past 2 months, the average number od days a home needed to sell was 64. This is incredibly good news for sellers and shows a dramatic improvement over the past 12 months. Typically, a balanced market is one where average days on market is rough 6 months.

Please remember that numbers for individual neighborhoods vary. We would be happy to run a report for your specific neighborhood or an area you are considering purchaing in. Just give our team a call at 303-726-1874.

Also, these numbers include all Broomfield foreclosures and Broomfield short sales. If you would like a report including only one type of sale, let us know.

Sold Broomfield Homes 

Based on information from Metrolist®, Inc. for the period November 9, 2012through January 9, 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 the entire metro Denver area, Broomfield Homes for sale are moving quickly. Make sure you are working with an agent that knows the area and can help you bid on all banks, Denver HUD homes and Short Sales.