The Brian Petrelli Team Blog

We entered our newest listing located in the Sturbridge Townhomes community into the MLS at the end of last week. With the craziness of heading into a holiday weekend, we didn’t have time to post it to our blog. Well, this weekend, we received two full price offers and went under contract in just 2 days.

Our Seller is thrilled!

While Sturbridge Townhomes are a very popular neighborhood, this is one of several of our Team’s listings this past month that have gone under contract in less than a week. If you are thinking of selling your home this year, give our team a call and see why our marketing is producing so many contracts so quickly: 303-817-0209.

Sturbridge Townhomes:

6819 e briarwood dr centennial, CO 80112 $249,900.00

Beds: 4 Fin Sq Ft: 2300 Baths: 3 Year: 1983 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1095530 Listing Office: mb the brian petrelli team

Broker Remarks: wow! highly sought after ranch model in sturbridge with a finished basement! this end unit home is in fantastic shape, h… more…

If you are looking at Centennial Townhomes, keep in mind that this complex is also commonly referred to as the Homestead Townhomes neighborhood. The complex is located at the south west corner of Quebec and Arapahoe Rd. TH Homestead homes area, and Homestead townhomes in particular are very popular with buyers in the low to mid $200k range looking for townhomes near DTC and the south metro area.

If you’ve been searching the limited market of high end Lakewood homes for sale, pay attention to this! Our Sellers on 2448 S Newcombe have just dropped their price $20,000! This is one of only a few Lakewood luxury homes with unbelievable views that is currently on the market.

Describing this home won’t do it justice, you have to at least check out the virtual tours on our website. The views from the upper patio as well as the fully finished walk-out basement are amazing and the inside of this home is gorgeous. Granite, hardwood, vauts, so much more!

Lakewood Homes for Sale:

2448 s newcombe st lakewood 80227 $549,900.00

Beds: 4 Fin Sq Ft: 4676 Baths: 5 Year: 1999 Acres:0.19 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1074748 Listing Office: mb the brian petrelli team

Broker Remarks: absolutely stunning home with unbelievable views! home sits high on hill, backing to open space with views of the mounta… more… Disclosures

If you would like more information on this, or any of the other Lakewood Luxury homes, give our team a call at 303-726-1874. the market is really heating up, bu there are still some great deals to be founds. let our team of experts help you!

Oh how the market has changed over the past few months. Littleton foreclosures are moving F A S T ! Our team has been out showing Littleton homes for sale all weekend, and many of the homes on the market are receiving multiple offers and going under contract in a day or two.

HUD just listed this amazing deal on a home in the Foothills Green Homes area of Littleton. Located just north of Bowles and 2 miles east of C-470, this homes needs some work, but has amazing potential for the right buyer. With 3 beds, 3 baths and over 1,300 square feet, you wont find a single family home in Littleton for anywhere near this price.

Foothills Green Homes:

HUD Owned Home 10433 w patterson pl littleton 80127 $145,000.00

Beds: 3 Fin Sq Ft: 1352 Baths: 3 Year: 1977 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1094130 Listing Office: re/max professionals

Broker Remarks: property may be eligible for fha $100 dollar down payment program! hud home sold `as is`-electronic bid only fha case #0… more… Disclosures

If you are interested in learning more about Littleton foreclosures, or any of the available Littleton Homes for sale, give our team a call at 303-726-1874. We have extensive experience in the entire south Denver Metro area and can help you find the bests deals available.

In addition, we can help you with all of the listed Denver HUD homes and help you take advantage of the HUD $100 down payment program.

Early this week, we posted here about a report from the Colorado Division of Housing showing mixed numbers for Colorado foreclosures in April. Yesterday, RealtyTrac released its report, showing a a slightly more positive number. According to this report, year over year numbers for Colorado foreclosures and related filings have dropped 15.5 %. 

While the reports don’t match up, its interesting to see that both sources are showing a continued positive trend for both  foreclosure filings and sales.

From the Denver Business Journal:

The number of Colorado properties with foreclosure filings fell 0.88 percent in April from March and dropped 15.5 percent from April 2011, according to a monthly report Thursday from RealtyTrac Inc. RealtyTrac Inc.Latest from The Business JournalsForeclosures fall in Washington state, WestEau Claire area fares better in foreclosuresSt. Louis metro foreclosures up 28 percent Follow this company

The state had 3,709 properties with filings last month, or one out of every 597 housing units statewide, down from the March tally of 3,742 properties, or one in 591 properties, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

RealtyTrac ranked Colorado 11th among the 50 states for its foreclosure filing rate in April, down from 10th in March.

This continues the trend we’ve been seeing for several months painting a much improved picture for Colorado foreclosures when compared to recent years. In addition, our state tends to be ahead of the nation for both foreclosure recovery and general housing sales.

If you have questions or would like to talk about these numbers, give our team a call at 303-726-1874.

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Denver Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes

If you’re an investor looking at Denver Condos, you better move quick. We just listed this unit in Shadow Wood condos. This condo has been fully rented for years by a long term tenant. It is approved and rented as a Section 8 rental through the county of Denver with a lease rate of $636 a month.

We have already had 4 showings on this home and expect multiple offers. If you are an investor considering Denver foreclosures or other fix-up opportunities, you should really give this unit a look. No fix up, no need to find a tenant, just instant, positive cash flow.

Denver Condos:

7665 e eastman ave denver, CO 80231 $47,000.00

Beds: 1 Fin Sq Ft: 714 Baths: 1 Year: 1978 # of Photos Avail: 1 V-tour Available: No MLS #: 1093214 Listing Office: mb the brian petrelli team

Broker Remarks: investors only. section 8 rental with long term tenant leased at $636 a month. easy positive cash flow on this great opp… more… Disclosures

This is a rare opportunity, and one that savy investors realize does not come along often. If you’d like more information, call our team at 303-726-1874 today before it’s gone.

The number of filings and sales of Colorado foreclosures has a huge impact on the market in general. Over the past several months, we’ve seen a downward trend in both filings and sales. According to a report released today by the Colorado Division of Housing, while the year-over-year numbers are still down (1% decrease compared to the year to date numbers for 2011) foreclosure filings bumped up 7.3 in April when compared with April of 2011.

From the Denver Business Journal:

Foreclosure filings were up 7.3 percent in April from April 2011, while foreclosure auction sales fell 36.2 percent over the same period.

For the first four months of the year, both new foreclosure filings and foreclosure auction sales in Colorado metro areas were down when compared with the same period last year.

Foreclosure filings for the first four months of 2012 are down 1 percent from the same period last year, falling to 8,395 from 8,476.

Over the same period, foreclosure auction sales were down 29 percent, dropping to 4,387 from 6,177.

The entire report and article are worth a read. Colorado foreclosures are always a major topic when computing market stats and this report does a good job of explaining the situation.

Again, the numbers for each region, county and city vary, so if you have specific questions on your area, give our team a call at 303-726-1874 and we can run you a custom report.

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Denver Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes

No real change for Denver Luxury homes according to a report cited in the Denver Business Journal this afternoon. While sales of luxury homes in the Denver market are up when compared to the same time last year, the month of April showed no real change.

What is important to note in this report is that the available inventory of Denver Luxury homes is down drastically from last year – 48% to be exact. This reduced inventory is keeping prices higher – both month-over-month and year-over-year.

From The Denver Business Journal:

Prices for luxury homes in metro Denver have remained flat, but the overall market for homes priced $1 million and above is healthier and has been showing more activity than at the same point in 2011, according to a report Tuesday based on Metrolist Inc.’s Metrolist Inc.Latest from The Business JournalsMetrolist releases positive April home-sales reportPinnacol’s strategy, ULA’s rockets, Icelandair’s debut in the new DBJMLS adds ‘green’ info, but will it help sell homes?Follow this company multiple listing service data.

In April, 41 luxury homes and condos closed in metro Denver with a $64.2 million volume for all sales, according to Gary Bauer’s report. Bauer is an independent Littleton-based broker and Metrolist board member.

and:

The average sales price for $1 million-plus homes stood at $1.61 million, up from March’s average of $1.52 million and up 7.3 percent from April 2011.

The market for Denver Luxury homes is an interesting to watch. With a much smaller pool of sales to examine, a slight uptick in Denver Luxury foreclosures can have a significant impact on average prices and sales numbers.

If you would like to talk to our team and learn more about this market or talk about the entire market of Denver homes for sale, give our team a call at 303-726-1874.

Our team has been showing Highlands Ranch homes all week. Just this morning we wrote an offer on one of the recently listed Highlands Ranch foreclosures listed by Fannie Mae.

On Friday, Diane Nazminia on our team listed a great four bedroom, 3 bath house in the Eastridge Highlands Ranch area. this amazing home has over $40,000 in upgrades, a stainless steel kitchen with a double oven, a Trex deck and so much more. Take a look at the virtual tours on our website or give our agents a call at 303-726-1874 to see it today.

Highlands Ranch Homes:

8801 miners st highlands ranch 80126 $329,900.00

Beds: 4 Fin Sq Ft: 2062 Baths: 3 Year: 1995 Acres:0.17 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1091629 Listing Office: mb the brian petrelli team

Broker Remarks: gorgeous 4 bedroom(3 bedroom + study)two story contemporary displaying open vaulted elegance, this wonderful home is ide… more… Disclosures

Highlands Ranch homes for sale are moving very quickly – especially those priced under $400,000. if you would like to be set up on a daily email alert of all of the new listings as they come on the market, let us know. You can reach us at 303-726-1874.

Highlands Ranch foreclosures and Highlands Ranch short sales are moving fast, and you need an experienced agent who knows the are if you want to find the best deals out there!

Our team is constantly watching for the market for great deals on Highlands Ranch homes. Late yesterday, HUD released one of only 3 Highlands Ranch foreclosures listed as a HUD and eligible for the $100 HUD down payment program.

This new listing is located in the Eastridge Highlands Ranch area just west of Quebec and south of University Blvd. This puts it near the Grand Golf park / Course and close to Eastridge Rec Center. This 3 bedroom home has over 1,600 square feet and is priced at only $255,000.

As with all of the available Highlands ranch foreclosures, we expect this home to go quickly and receive multiple offers, so if you are interested, contact our team today at 303-726-1874.

Highlands Ranch Homes:

HUD Owned Home 4865 e collingswood dr highlands ranch 80130 $225,000.00

Beds: 3 Fin Sq Ft: 1677 Baths: 3 Year: 1999 Acres:0.12 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1091181 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 home is afantastic… more… Disclosures

The market for Highlands Ranch homes is one fire – especially for homes under $500,000. We had a client who selected 8 Highlands ranch homes to see this Friday. As we scheduled the showings, 3 of them were already under contract! If you’re thinking of buying, give us a call now and get set up on our daily alerts so you don’t miss any of the homes the day they hit the market! You can reach us at 303-726-1874.

In line with all of the statistics we’ve been seeing on Denver homes for sale, the latest numbers for Colorado foreclosures show a decline in both filings and sales for the first four months of this year when compared to the same time period last year.

While foreclosures are not disappearing, there is a drastically lower number of both Colorado foreclosures and standard homes for sale. Number over the past months have indicated that overall inventory has decreased year-over-year by anywhere from 30-35%. This is causing prices to rise as buyers, especially in the sub $500k category, compete for homes. 

From the Colorado Division of Housing:

Over the same period, foreclosure auction sales were down 29.0 percent, dropping from 6,177 to 4,387. For the month of April alone, foreclosure filings were up 7.3 percent from April 2011 to April 2012 while foreclosure auction sales fell 36.2 percent over the same period.

From March 2012 to April 2012, foreclosure filings fell 10.8 percent while foreclosure auction sales rose 6.1 percent. Since 2008, March and April have tended to be two of the most active months for new foreclosure filings in Colorado, with totals in both filings and auction sales tending to drop off in May.

If you are interested in seeing the available Colorado foreclosures, give our team a call at 303-726-1874. With our expertise, we can still find you the best deals available. Let us know what you’re looking for and we can set you up on a daily email alert so that you are notified each morning of new listings. The buyers that find new foreclosures quickly are usually the buyers who get the home.

The Denver metro area is quickly turning into a Sellers’ market. If you are thinking of buying in the next year, you may want to move your timetable up!

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Denver Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes