The Brian Petrelli Team Blog

Our agents in Centennial are always keeping an eye out for the best deals on Centennial Foreclosures.  yesterday, HUD listed a three-bedroom, 1,900+ square foot home in the Park View Centennial homes neighborhood. This home has wood floors, sits on a cul-de-sac and is in the Cherry Creek Schools district.

This home is priced very well at $198,000. In addition, as with all Denver HUD Homes, this house qualifies for the $100 HUD Down payment program being offered. THis is a program for any buyer purchasing the home as a primary residence using an FHA mortgage (sorry, no investors).

If you are interested in seeing his home before it’s snatched up, call our team at 303-726-1874 today.

Park View Centennial Homes:

HUD Owned Home 21380 e progress pl centennial 80015 $198,000.00

Beds: 3 Fin Sq Ft: 1930 Baths: 2 Year: 1998 Acres:0.11 # of Photos Avail: 5 V-tour Available: No MLS #: 1145520 Status: Active Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-456058. bid deadline 12/6/12 @ 11:59 pm-daily thereafter. investo… more…

If you would like to learn more about this, or any of the other available Centennial foreclosures or Centennial homes, give our team a call at 303-726-1874. We can educate you on the different banks, bidding processes and the overall market conditions.

More good news was released today for Denver homes and the Denver housing market. The latest S&P/Case-Shiller Home Prices Index shows that Denver home prices are near a five-year high.  This is obviously good news, but buried in the report is even more impressive statistic. For the ninth straight month, Metro Denver posted a year-over-year increase in home prices.

Nine straight months of year-over-year gain is  is incredibly impressive.  Many times, market recovery happens ina staggered, up and down approach trending upward only over months. It is incredibly encouraging to see nine straight months of price increases for Denver homes.

From the Denver Business Journal:

Denver area home prices in September reached their highest level in nearly five years, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

Metro Denver home resale prices have not been as high since October 2007, according to data from the closely followed real estate report series from Standard & Poor’s.

The report gives Denver an index value of 134.01 for September, meaning that local home resale prices averaged 34.01 percent higher than they were in the benchmark month of January 2000.

The last time the Denver index was that high was in October 2007, when it stood at 136.08.

The peak index reading for Denver was 140.28 in August 2006.

For the ninth straight month, metro Denver posted a year-over-year increase in home prices in September, at a pace that eclipsed all but five of the nation’s 20 largest markets, the report said.

 If you’ve been paying attention to the market news over the last year, this should not be a surprise. Denver foreclosures have seen a drastic reduction in their numbers and the overall market inventory of Denver homes has dropped by over 30%.

 Keep in mind, that different areas of the Denver Metro market are seeing varying improvements. If you would like detailed information for your neighborhood, give our team a call at 303-726-1847.

Our team can help you navigate the constantly changing market for Denver short sales and Denver foreclosures. Just give us a call.

Several of our team members specialize in the North Metro area and are constantly watching the market for great deals on Westminster Foreclosures. This week, HUD released and amazing deal on a 3 bedroom, 1,300+ square foot condo in the Autumn Chase Condos neighborhood.

Autumn Chase Condos are consistently one of the best complexes Westminster Condos to find large units for incredibly affordable prices. This unit has the added benefit of being eligible for the $100 HUD down payment program currently being offered on all Denver HUD homes. In addition, while this neighborhood is listed as a “Condo complex,” this unit is actually an end unit townhome style home with only one neighbor next to you and no one above or below.

As with any of the available Westminster foreclosures, this home will move quickly, so if you are interested in scheduling a time to see it, call our team today at 303-726-1874.

Autumn Chase Condos:

HUD Owned Home 3060 w 107th pl westminster 80031 $120,000.00

Beds: 3 Fin Sq Ft: 1318 Baths: 2 Year: 1994 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1144903 Status: Active Listing Office: colorado home real estate

Broker Remarks: wonderful home and location! this property is minutes from i-25 and is close to shopping, dining, and parks. located in … more…

We are constantly monitoring the market for Westminster foreclosures and Westminster condos. If you would like a detailed analysis of a specific area or neighborhood, give us a call at 303-726-1874.

Typically,  the number of Denver homes for sale  decreases in October, picking up again in January. However, this year, sales in October jumped up nearly 4% from September and an incredible 28% from October 2011! This increase in sales comes as inventory continues to remain down over 30% from 2011. This is causing buyers issues for buyers as many are struggling to find homes that meet their needs – especially in the under $350,000 market.

With the huge increase in sold homes, the inventory is continuing to shrink and we foresee prices on Denver homes for sale continuing to rise. If you are thinking of buying, now is the time to move. Rates are at historic lows, but prices look to be headed for a continued rise.

If you are thinking of selling your home, give us a call to see what the market is like in your particular neighborhood: 303-817-0209

  One other note: the market for Denver foreclosures has changed dramatically over the last year. The number of Denver foreclosures in Denver HUD homes on the market is substantially lower than 2011 and we continue to see bidding wars for most properties. If you are interested in learning more about Denver foreclosures and how they are affected by the changing market, call our team at 303–726–1874.

The Colorado Division of Housing has a post on their blog detailing the steep decline in the number of Denver foreclosures (Denver area counties). The numbers are impressive and show why we are seeing such a decline in overall inventory for Denver homes for sale.

Some of the highlights from their post:

This, of course, is great news for the market in general. We’ve been reporting on the decline in Denver foreclosures and Denver HUD homes for well over a year now. This decline has been helped, in part, to more banks accepting Denver short sales contracts in lieu of foreclosure sales.

If you have questions about these numbers, or have questions on a specific area or neighborhood, call our team of experts today at 303-726-1874.

We are proud to announce our newest listing in the East Quincy Highlands Homes Neighborhood. This gorgeous home is one of the finest Aurora Homes on the market. It has 3 bedrooms, a 3 car garage and a wonderful master bedroom (sitting area and fireplace). On a large lot, this home boasts a maintenance free, large cement patio. At this price, it will not last long!

East Quincy Highlands Homes:

21825 e oberlin pl aurora, CO 80018 East quincy highlands  $265,000.00

Beds: 3 Fin Sq Ft: 2000 Baths: 3 Year: 2000 # of Photos Avail: 1 V-tour Available: No MLS #: 1143522 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: this is ryland’s most popular floor plan…a great family home w/a fanatastic masterbedroom w/sitting area and fireplac… more…

 If you are searching for Aurora homes, this is definitely a home that should be on your “must see list.” To schedule a private showing, call our team at 303-726-1874 today. We can help you with any of the available Aurora homes including Aurora foreclosures and Aurora short sales.

Our team of experts would love to help you find the perfect home for your needs.

The Lakehurst Village Townhomes complex is one of the most sought after neighborhoods for buyers looking at Littleton townhomes. The neighborhood is located in north Littleton, providing easy access to Highway 285, c-470, the foothills and downtown Denver. With Harriman Lake right next door, it’s no surprise that this location is incredibly popular.

The townhomes themselves were built in 2003, and are gorgeous. Starting at 1,343 square feet, the largest units can have as much as 2,000 finished square feet. Ranging in price from the high $100’s to mid $200’s, these Littleton townhomes have been moving quickly – the last unit sold in 6 days.

Jan Phillips on our team has a new listing in Lakehurst Village and it is stunning. It boasts a gourmet kicthen with stainless steel and granite, new carpet and trylu unbeleivable views. This townhome backs to open space and Harriman – check out he photos on our website!

Lakehurst Village Townhomes:

4376 s quail st littleton, CO 80127 $220,000.00

Beds: 2 Fin Sq Ft: 1590 Baths: 3 Year: 2003 # of Photos Avail: 5 V-tour Available: No MLS #: 1142759 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: awsome townome in lakehurst village,new carpeting,vaulted ceilings, large windows in living rm. fireplace,gourmet kitche… more…

If you are interested in seeing this, or any of the other available Lakehurst Village Townhomes, give our team a call at 303-726-1874. Our team of experts can help you find the best deals on Littleton homes for sale. Many of our agents live in the Littleton area, and we know the market inside and out.

Again, we have some great news regarding Denver homes for sale. According to the latest report from Metrolist, home sales in October were up 29% from October 2011. In addition, this years sales figures continue to increase with Ocotber’s monthly sales increasing 4% from September’s – bucking the traditional seasonal trend.

Another number in the report that indicates just how well the market is improving is “days on market.” In October of 2011, homes were on the market for an average of 102 days. This year, October’s days on market was just 66. The entire report is worth reading but here are a few of the highlights:

From the Denver Business Journal:

Metro Denver home sales were up 29 percent in October from the same month in 2011, the Metrolist multiple listing service for the area reported Thursday.

October’s total of 4,095 sold homes also was up 4 percent from September levels. It was the highest October home sales level in the region since 2008.

Metrolist Inc. reported 4,624 metro Denver homes under contract but not yet closed last month, up 20 percent from a year earlier and up 4 percent from September.

These numbers include both the numbers for Denver homes for sale as well as Denver condos. All homes and condos listed in the MLS are included in this report. This includes Denver foreclosures and Denver short sales. As we have reported in other posts, the number of Denver foreclosures on the market has dropped drastically over the last 12 months.

Typically, as we head into the winter months we see housing sales diminish. It is incredibly telling this year we saw an uptick in sales from September to October. It will be interesting to see if that trend continues through November and December.

A 29% increase year-over-year is an incredibly positive sign. We will keep you posted as new statistics are released. As always, each neighborhood market is different. If you would like detailed statistics for your area, give our team call at 303–726–1874.

We’ve been telling you about the $100 HUD Down payment program for the past several months. It’s a great program, but it only works on Littleton foreclosures listed by HUD. For the past few months, their have been very few Littleton homes for sale that have qualified for this program. Yesterday, HUD released one listing in Littleton that will qualify, and it’s a great deal.

This home, listed at $189,000, is the only active, available HUD home in the Littleton area. It has 3 bedrooms, 2 baths and nearly 1,400 square feet. With a two car garage, and a good sized lot, this home is priced very well. If you have been looking at Littleton Homes for sale, you will immediately see the value.

Littleton Foreclosures:

HUD Owned Home 10842 w powers pl littleton 80127 $189,000.00

Beds: 3 Fin Sq Ft: 1376 Baths: 2 Year: 1978 Acres:0.16 # of Photos Avail: 1 V-tour Available: No MLS #: 1142192 Status: Active Listing Office: keller williams dtc

Broker Remarks: hud owned, sold as is by electronic bid. may be eligible for $100 down. no repairs by seller before or after closing. 10… more…

Again, like all Denver HUD homes, this home does qualify for the $100 HUD Down payment program for owner occupants using an FHA mortgage. Our team can explain all of the details on this program. Call us at 303-726-1874.

Many of our team members live and work in the Littleton area. Give us a call today so we can help you find the right home for your needs.

We have several agents on our team who specialize in the north Metro area. At our team meeting yesterday, we discussed a number of the Westminster Condos that have recently come on the market from HUD. With the lack of inventory in recent months, these are some of the best deals to be found.

In addition, these Westminster foreclosures are both 1.) Listed at a great price and 2.) All eligible for the $100 HUD down payment program currently being offered on all Denver HUD homes. This program allows purchases buying their primary residence to buy a HUD home with an FHA mortgage and use only a $100 down payment.

If you would like more information on any of these available Westminster foreclosures, call our team of experts at 303-726-1874. Inventory is moving quickly, so don’t expect these condos and townhomes to be here if you wait.

Westminster Condos:

HUD Owned Home 6871 xavier cir westminster 80030 $122,000.00

Beds: 2 Fin Sq Ft: 1233 Baths: 2 Year: 1984 # of Photos Avail: 5 V-tour Available: No MLS #: 1137884 Status: Active Listing Office: elist realty, llc

Broker Remarks: lots of potential in this 2 bedroom 2 bath condo in quiet community. property has an eat-in kitchen, family room with f… more…

HUD Owned Home 4295 w 111th cir westminster 80031 $130,000.00

Beds: 2 Fin Sq Ft: 1242 Baths: 2 Year: 1985 # of Photos Avail: 5 V-tour Available: No MLS #: 1141385 Status: Active Listing Office: metrowest real estate solution

Broker Remarks: ready set go! great price and great value. 2 bedrooms and 2 baths. walking distance to front range community college. th… more…

Our team can help you find the best deals on Westminster foreclosures and Westminster short sales. There are still some amazing deals ot there, but you need a team of agents that knows how to find them and negotiate on your behalf. Each bank has their own process for submitting ids on these homes, so make sure you are working with an experienced agent. Call us today at 303-726-1874.

Also, no one knows how long the $100 HUD down payment program will be offered for. If you would like to learn more about this amazing program, contact us today.