The Brian Petrelli Team Blog

Some more fantastic news was released today regarding sales and prices for Denver homes! According to the latest report from CoreLogic, their Home price Index (HPI) for the Denver metro area grew 8.4% in July compared to July of 2011!

THis number includes all homes, including Denver distressed properties (Denver foreclosures and Denver short sales) and is over twice what was reported for the increase in the national HPI.

From the Denver Business Journal:

The Denver real estate market continues to ride a wave of recovery as evidenced by gains in home sale prices, according to the CoreLogic Inc. home price index (HPI) report released Tuesday.

The HPI in the Denver-Aurora-Broomfield area, including distressed sales, grew 8.4 percent in July from the same month in 2011, the report states. That’s the sixth month in row that market’s HPI has grown year-over year.

That’s also a 1.8 percent increase from June’s revised HPI of 6.6 percent, according to CoreLogic. The company often revises prior month’s HPI as public records data is updated.

Nationally, the HPI grew 3.8 percent in July from the July 2011 index. CoreLogic noted that was the biggest year-over-year increase since August 2006.

While the fact that prices increased was not a surprise to us, the amount of the increase was. 8.4% over a year is not a small figure and when compared to the national figures, this is a very positive sign.

Even more encouraging is that these numbers factor in the Denver foreclosures and Denver short sales that have tended to weigh down some past reports.

If you would like more information on this report or would like to speak with our team about Denver homes in general, give us a call at 303-726-1874.

The positive price trend for Denver homes continues today with Case-Shiller releasing its latest Home Prices Index. The latest report shows a 4% increase in Denver homes prices for June of this year when compared to June of 2011. It also shows a month-over-month increase of 2% from from May of 2012.

If you have been reading our blog, then this news won’t be a surprise for you. Reports like this have been coming out for nearly a year and every indication has shows a slow, steady increase in prices of Denver homes. Keep in mind that these numbers include Denver foreclosures and Denver HUD homes. Many reports in the past have not included these distressed properties and have artificially inflated prices – this report does not remove those traditional lower numbers.

In addition to the positive uptick in sales, Denver is also #4 in the entire nation for price increases. From the Denevr Business Journal:

For the sixth straight month, metro Denver posted a year-over-year increase in home prices in June, at a pace that eclipsed all but three of the nation’s 20 largest markets, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday

…

The only major markets with greater gains in the year ending in June were Phoenix (up 13.9 percent), Minneapolis (up 5.7 percent) and Miami (up 4.4 percent).

There is still time to find good deals on Denver foreclosures and Denver short sales, but the windo wis closing. If you would like to speak with one of our experts, give us a call at 303-726-1874.

The Seven Hills Aurora neighborhood is located just east of Tower Rd, north of Hampden. With it’s proximity to Cherry Creek State Park, I-225 and E-470, it is a popular location for buyers considering Aurora homes. This week, HUD released a new listing in the neighborhood bringing HUD’s total number of Aurora foreclosures to just 10.

That’s correct, far from the huge inventory of  available Aurora foreclosures we grew used to seeing just a year ago, right now, HUD has only 10 aurora foreclosures on the market. And those that are listed, are moving quickly.

This listing is over 1,400 square feet, has an attached 1 car garage and is eligible for the $100 HUD down payment program.

Aurora Foreclosures:

HUD Owned Home 19514 e amherst dr aurora 80013 $120,000.00

Beds: 2 Fin Sq Ft: 1409 Baths: 2 Year: 1985 Acres:0.10 # of Photos Avail: 5 V-tour Available: No MLS #: 1123608 Listing Office: elist realty, llc

Broker Remarks: hud home sold as-is by electronic bid only fha case #052-432292. bids for eligible bidders due on or before 09/03/12 @ … more…

The $100 down HUD program that is available on all Denver HUD homes is an amazing deal. If you are considering buying a HUD home as your primary residence, give our team a call and we can explain the program to you in detail: 303-726-1874.

Several of our team members live in and around Aurora and can help you with any questions you may have on Aurora homes, Aurora foreclosures or Aurora short sales. Just call us and ask: 303-726-1874.

Inventory is low…incredibly low. For our clients looking at Lakewood homes fore sale, they are painfully aware of the lack of available Lakewood foreclosures in the area. In fact, HUD has only 3 listings in the entire city and only one is larger than 2,000 square feet.

The one HUD listing larger than 2,000 square feet that is available in Lakewood is located just north of 6th Ave off of Kipling in the Lakewood Heights Neighborhood. The home is a brick ranch with 3 bedrooms, 2 baths and a 2 car garage. This home has a lot of potential with a little effort.

Bids for this home are being accepted through August 30th, so if you’d like to see it, or any of the available Denver HUD homes, call us at 303-726-1874 today.

Lakewood Foreclosures:

HUD Owned Home 9630 w 13th ave lakewood 80215 $162,000.00

Beds: 3 Fin Sq Ft: 2423 Baths: 2 Year: 1959 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1122197 Listing Office: coldwell banker residential 24

Broker Remarks: spacious brick ranch located on huge corner lot with large kitchen, spacious bedrooms and 2 car garage. near new light r… more…

This home, like all Denver HUD homes, is available to purchase with the $100 Down program currently being offered to owner occupants on all HUD homes. For more details on this program, call our team at 303-726-1874.

Our team is continually looking for the best deals on Highlands Ranch foreclosures for our clients. Every morning we search out any new listings and research them so we can educate our buyers looking in the area.

Currently, the inventory on these Highlands Ranch foreclosures is low. in fact, HUD has only 2 listings in the entire Highlands Ranch area; one condo and one single family.

The single family home is located in the Westridge Highlands Ranch homes area between Broadway and Highlands ranch Pkwy. This home has 4 beds, 3 baths and over 2,300 square feet. The home is in good shape but does need some cosmetic work. If you would like to see the home, give us a call at 303-726-1874.

Highlands Ranch Homes:

HUD Owned Home 869 sage sparrow cir highlands ranch 80129 $316,000.00 est $

Beds: 4 Fin Sq Ft: 2323 Baths: 3 Year: 1996 Acres:0.24 # of Photos Avail: 5 V-tour Available: No MLS #: 1120943 Listing Office: diamond realty alliance

Broker Remarks: wow, what a deal! huge two story home w/ 3 car garage, formal living/dining, vaulted ceilings, master suite, and partial… more…

The other HUD home available in Highlands Ranch is in the Carlyle Park Townhomes complex just west of Lucent off of Highlands ranch PKWY. this unit has 2 bedrooms, an attached garage and is priced at an incredible $140,000!

Highlands Ranch Condos:

HUD Owned Home 1417 carlyle park cir highlands ranch 80129 $140,000.00 est $

Beds: 2 Fin Sq Ft: 949 Baths: 2 Year: 1999 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1119167 Listing Office: re/max professionals

Broker Remarks: this property may be eligible for the fha $100 down payment program. ask your agent for details. this 2 bed/2bath townho… more…

If you would like to talk to one of our experts about these home, call us at 303-726-1874. Our office is minutes from both of these homes and we can show them, or any other Highlands Ranch Homes or Denver HUD homes, to you today.

High Prairie Farms homes are always a pleasure to show and we love taking time with our clients to see each and every one of these gorgeous houses. However, the newest listing Debbie Ells on our time has is a truly unique home.

This beautiful custom ranch home sits on 2.9 acres has an amazing view of the mountains, has all of the upgrades you would expect, but also has a 3 car attached garage and a 9 car detached garage! These over sized garages are perfect for a car collector or RV owner.

High Prairie Farms homes are always in demand as one of the premier Parker Luxury homes communities. We expect this home to move quickly, so if you would like to schedule a private viewing, give our team a call at 303-726-1874.

High Prairie Farms Homes:

5494 singletree ln parker, CO 80134 High prairie farms $849,000.00

Beds: 2 Fin Sq Ft: 5598 Baths: 5 Year: 1999 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1121652 Listing Office: mb the brian petrelli team

Broker Remarks: georgous high prairie farms custom ranch home. 2.9 acres. 12 car garage!! 3 car attached garage plus huge detached ga… more…

Many of our team members live in and around the Parker area and are very knowledgeable on all of the Parker homes for sale. If you would like to speak with one of them, give us a call at 303-726-1874.

Bradbury Ranch homes for sale continue to be one of the most popular areas for our clients looking at Parker homes. This neighborhood is ideally located between Jordan Rd and Chambers, just south of Lincoln. With easy access to I-25 and E-470, as well as central access to all that Parker has to offer, homes in this neighborhood sell quickly.

Debbie Ells on our team just listed a move-in ready, beautiful 3 bedroom, 3 bath home ins Bradbury Ranch. This home has new paint inside and out, new counter tops and is located on a cul-de-sac.

This home is going to sell quickly, so if you would like to see it, give us a call at 303-726-1874 today and one of our agents will meet you at the home otday.

Bradbury Ranch Homes for Sale:

10973 osprey ct parker 80134 $226,000.00

Beds: 3 Fin Sq Ft: 1218 Baths: 3 Year: 1998 Acres:0.13 # of Photos Avail: 1 V-tour Available: Yes MLS #: 1121711 Listing Office: mb the brian petrelli team

Broker Remarks: move in ready! beautiful 2 story in bradbury ranch! huge lot with vegie garden! new interior/exterior paint, new count… more…

There are some terrific deals on Parker homes and Parker foreclosures. If you’d like a complete list of foreclosures and Parker short sales, give our team a call and we can find the perfect home for you: 303-726-1874.

Debbie Ells on our team just listed this amazing remodeled home in Englewood. If you, or someone you know, is looking at Englewood homes for sale, make sure you check this gorgeous bungalow out.

This 3 bedroom beauty has all new granite, stainless steel appliances, wood floors, paint, carpet and so much more. The virtual tours will be up soon, but by them it may already be too late. If you’d like to see it, give us a call at 303-26-1874 today.

Englewood Homes for Sale:

3040 s cherokee st englewood, CO 80110 $209,999.00

Beds: 3 Fin Sq Ft: 1080 Baths: 1 Year: 1927 # of Photos Avail: 5 V-tour Available: No MLS #: 1120833 Listing Office: mb the brian petrelli team

Broker Remarks: amazing remodeled bungalow! all new stainless steel appliances, granite, tile flooring, wood floors, shower/bath back sp… more…

There are some grea deals on Englewood foreclosures and Englewood short sales, but many of the best deals are found in remodels like this one. All of the work is done for you and the home is absolutely move in ready.

If you’d like to talk to our team of Englewood experts on foreclosures, short sales or any of the available Englwood homes for sale, call us today at 303-726-1874.

We are constantly working with buyers looking for homes near Dever City Park. It’s one of the most popular areas for buyers needing to live near downtown Denver. this week, Shelbi Harris on our team listed a fantastic home in the Schinners Denver homes neighborhood just a block west of City Park.

This is an all brick home with 4 bedrooms, 2 baths and nearly 2,000 finished square feet. THis home also has two sseperate entrances, allowing it t be used as  rental property as well.

With this layout, and in this location, we expect the home to move quickly. So, if you are interested, give us a call to day at 303-726-1874.

Schinners Denver Homes:

2420 franklin st denver 80205 $279,900.00

Beds: 4 Fin Sq Ft: 1971 Baths: 2 Year: 1904 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1120256 Listing Office: mb the brian petrelli team

Broker Remarks: all brick unique floorplan home in west city park. this home can be a single family resident or as an income property. … more…

If you would like to learn more about the options for homes near Denver City park, give us a call. The inventory of all Denver homes for sale is low, but this area is extremely competitive. Call us today and have us set you up on a daily email alert for any and all new listings!

If you’ve read our blog, then you know we love highlighting the best deals when we find them. this week, we have a client looking at Thornton foreclosures and we came across this fantastic opportunity in the Woodbridge Station Thornton neighborhood.

This tri-level home has 3 beds, 2 baths and nearly 1,400 square feet. Plus, the basement is unfinished offering you the opportunity to expand. The home is in great shape for a HUD home and fery few repairs are needed.

If you are in the market for Thornton homes for sale, give this one a look. Not only is it a great value, but it qualifies for the $100 down HUD program.

Woodbridge Station Thornton:

HUD Owned Home 5550 hudson cir thornton 80241 $160,000.00

Beds: 3 Fin Sq Ft: 1392 Baths: 2 Year: 1998 Acres:0.12 # of Photos Avail: 5 V-tour Available: No MLS #: 1118929 Listing Office: diamond realty

Broker Remarks: fabulous hud owned tri-level with unfinished basement in desirable thornton neighborhood. close to schools, shopping, an… more…

If you would like more information on this, or any other Thornton homes for sale, give us a call. We can help you find all of the Thornton foreclosures that qualify for the $100 Down HUD program and explain your financing options in detail. You can reach us at 303-726-1874.