The Brian Petrelli Team Blog

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.

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).