The Brian Petrelli Team Blog

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.

This past week, our team listed, and sold, a gorgeous ground floor unit in the Redstone Ridge Condos neighborhood in less than a day. This rapid sale generated quite a few questions from our clients and some other interested residents in the neighborhood, so we wanted to post the latest market stats here.

For a complex this size (Redstone Ridge has over 300 units), there has been surprising few homes sold over the past 12 months. Some of this had to do with the slowdown in Denver area condos over the past few years. But now, as we start to see real, significant improvement in the market, we are seeing more owners with positive equity decide that now is the time to sell their condo.

Redston Ridge Sold Stats:

 Based on information from Metrolist®, Inc. for the period March 2012 through March 2013Note: 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.

For those not familiar with the complex, Redstone Ridge sits just north of C-470, east of Kipling. The neighborhood offers amazing views of the foothills, easy highway access and is minutes away from Chatfield State Park. With it’s own private pool and clubhouse, this is one of the nicest complexes for Littleton condos under $150,000!

If you are interested in this area, it’s neighboring complex Deer Creek Condos, or any of the available Littleton condos and townhomes on the market, call our team of experts at 303-726-1874.

The number of Thornton foreclosures and HUD listings has dropped in recent months. The clients we are working with in the area know that if you want to successfully bid on these homes, you need to move quickly and make strong offers.

Yesterday, HUD released this new offering in North Creek Farms. This is an amazing deal on a large home in this highly sought after neighborhood. With nearly 2,200 square feet, 4 bedrooms, 3 baths, vaulted ceilings and an open kitchen, this home will move very quickly. If you think you may be interested, call our team to schedule a showing today at 303-726-1874.

North Creek Farms Thornton:

HUD Owned Home 16479 marion st thornton 80602 $230,000.00 est $

Beds: 4 Fin Sq Ft: 2173 Baths: 3 Year: 2001 Acres:0.15 # of Photos Avail: 5 V-tour Available: No MLS #: 1164065 Status: Active Listing Office: great way re exclusive propert

Broker Remarks: buy me! incredible deal for this home in north creek farms. vaulted ceilings, beautiful floor plan, a few minor touches … more…

There are still some great deals on Denver HUD homes and other area foreclosures, but you need to be able to move quickly and working with an agent registered to bid on HUD homes. Our team is full of experts on foreclosures, HUD and short sale homes and we can educate you and help you make a successful bid on your next home.

Give us a call, foreclosures can be a one of the best ways to buy Thornton homes, but you need to make sure you get the right information and guidance up front.

The market for Colorado Springs foreclosures is seeing increased competition – this time from out of state investors according to the Colorado Springs Business Journal.

While this increased activity is happening at the local sales level (prior to a home being listed to the general public), the increase in sales is having a negative effect on the overall inventory. We’ve seen the foreclosure market tighten up over the past year and it remains to be seen just how this increased competition will impact the  overall market for Colorado Springs Foreclosures.

Some Key Bits from the Colorado Springs Business Journal:

Local investors are now competing against institutional money at the El Paso County Public Trustee’s foreclosure sales.

Two out-of-state investors have been bidding on foreclosures at the local sales. Colony American Homes, an Arizona-based unit of Colony Capital LLC, headquartered in Santa Monica, Calif., buys homes and rents them out while they appreciate. Granite Ranch Opportunities, a California company that remodels homes and resells them, made a splash when it bought nine properties at the Dec. 6 county foreclosure sale.

and:

With more activity at the auctions, it’s not surprising that a greater percentage of foreclosure sales have gone to investors. In a normal market, about 5 percent of sales go to investors, Mowle said, and the rest are sold back to the bank that previously loaned on them.

In October, nearly 10 percent of local foreclosure sales went to investors. In November and December, more than 15 percent went to investors. In January and the first two weeks of February, more than 20 percent sold to investors.

Read the entire article. It’s interesting to see how a few investors can impact the market. It also can give you a good overview of how the entire foreclosure process works.

We are still finding some good deals for our clients on HUD homes and Foreclosures, but you need to be ready and able to move quickly and make strong bids. If you would like to learn more about the process, call our team at 719-641-4209.

A reminder, if you are an investor, don’t rule out tradition Colorado Springs homes (non-foreclosure / HUD). There are some good deals on regular sales and Short Sales, you just need the right agent finding you the best deals.

The number of sold Luxury homes in Denver showed another year-over-year increase in January. This is more good news for the segment of the Denver market that has been the slowest to show signs of recovery.

According to the report, the days on market time for a home to sell was reduced and the Sellers received a price closer to their list price.

From The Denver Post:

We’ve seen mixed number on the Luxury market for Denver homes. It’s encouraging to see a continued uptick in sales. We will continue to update you with the latest reports here. In the meantime, if you would like numbers for a specific area or neighborhood, give our team a call at 303-726-1874.

We’ve had several calls on some of the Colorado Springs foreclosures that just hit the market this weekend. One of the best deals we have come across is this new HUD listing in Claremont Ranch.

This large, 3 bedroom, 2 story home sits on a large corner lot and has over 2,200 square feet. With walk in closets, a master bedroom suite, 2 car attached garage and covered front porch, this home is a tremendous value at just $150,000.

The Claremont Ranch neighborhood is located just off of Marksheffel Rd, west of Jimmy Camp Creek Park. This popular area offers easy access to Peterson Air Force base and the surrounding area.

With the market picking up, don’t wait too long to schedule a time to see this home. You can call us at 719-641-4209 to see it today.

Claremont Ranch:

2290 streambankdr colorado springs 80951 $150,000.00

Beds: 3 Fin Sq Ft: 2225 Baths: 3 Year: 2005 Acres:0.148 # of Photos Avail: 16 V-tour Available: No MLS #: 742042 Status: Active Listing Office: prudential rocky mountain

Broker Remarks: nice, newer 2-story design home on large, corner lot in desirable claremont ranch. floor plan is functional and feature… more…

The market for Colorado Springs homes is getting stronger. With the market for Colorado Spring foreclosures and short sales getting tighter, don’t wait to see, and bid, on HUD homes.

Our team has been busy this week showing several clients the available Aurora foreclosures. The market is moving fast, and the HUD homes in the area are receiving multiple bids – many times above asking price.

We wanted to bring this home in Brookvale to your attention this morning. Bids for owner occupants are due by midnight tonight, and this home is priced incredibly well at just $148,000. The kitchen has stainless steel appliances, the home is over 2,200 square feet, sits on a cul–de-sac and has 4 bedrooms. If you are looking at homes, then you know you won’t find an Aurora home with more for the money.

If youa re at all interested, do not wait. Call our agents today and we can get you inside it this afternoon so you can get a bid in on time. You can reach us at 303-726-1874.

Brookvale Aurora Homes:

HUD Owned Home 1118 s kalispell way aurora 80017 $148,000.00

Beds: 4 Fin Sq Ft: 2241 Baths: 3 Year: 1980 Acres:0.16 # of Photos Avail: 5 V-tour Available: No MLS #: 1161328 Status: Active Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-464856. bid deadline 2/25/13 @ 11:59 pm-daily thereafter. invest… more…

Denver HUD homes are moving very fast. The bis process is different than other banks and agents must be registered with HUD to make a bid. Not all agents can help you with these special homes, so call our team today and get the information and expertise to help you make a winning bid.

If you have been looking for a ground floor, one bedroom Littleton condo, this is the home you have been waiting for!

Just listed today by Jan Phillips on our team, this perfect unit is located in the Redstone Ridge Condos Complex just north of C-470 on Kipling. The unit shows like new, has a living room fireplace, walk in closets and a car port. The back patio looks out over open space – you will not find a ground floor condo in Littleton with nicer views!

We have already had some interest in this home, so if you are interested in seeing it, call us today at 303-726-1874 and we can show it to you before it’s gone.

Redstone Ridge Condos:

9518 w san juan cir littleton, CO 80128 $118,000.00

Beds: 1 Fin Sq Ft: 923 Baths: 1 Year: 2003 # of Photos Avail: 5 V-tour Available: No MLS #: 1162580 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: this one bedroom ground floor condo is in perfect condition, just like new. fireplace in living room with an excellent v… more…

This is the lowest priced ground level condo available in Littleton. At this price, it will move quickly, so don’t delay.

If you are interested in seeing other Littleton townhomes or condos, give our team a call today. The market is moving quickly and ground level units are in strong demand.

As we were looking over the latest Colorado Springs foreclosures released by HUD, this latest offering stuck out from the rest. This is a ranch home with handicap features in the sought after Chateau at Antelope Ridge neighborhood.

Unlike typical HUD homes, this listing has new carpet and new paint. With 3 beds, 2 bathrooms and over 1,100 square feet, this is a terrific find in this area. And the price? An incredible $64,900!

There are few pictures provided, so if you would like more information, or would like to schedule a time to see this home, give us a call at 719-641-4209. Ranch homes in this area move quickly, so don’t delay.

Chateau at Antelope Ridge:

There are still some great deals on Colorado Springs foreclosures. If you are looking at Colorado Springs homes, don’t dismiss the idea of a short sale or foreclosure. Many of these homes are in great shape, and the value can be tremendous. Call us today for more information.