The Brian Petrelli Team Blog

All of the major indicators for Denver homes continue to point in a positive direction. The latest report is showing that home sales, including Denver Distressed properties (foreclosures, Denver short sales, etc), are up 1.2% from the same period 1 year ago.

This is great news, and the number get even better when you take out Denver distressed properties. When you remove Denver foreclosures and Denver short sales, the year over year increase raises to 1.6%.

From The Denver Business Journal:

Home prices in metro Denver continued a gradual climb upwards in February as compared to a year earlier, according to the latest home price index (HPI) report from CoreLogic CoreLogicLatest from The Business JournalsNational refinancing activity back on the riseHome prices show signs of stabilizingCoreLogic: Metro Charlotte home prices stay flatFollow this company Wednesday.

The Denver-Broomfield-Aurora area saw the HPI, including distressed sales, increase 1.2 percent from February 2011. Without the distressed numbers, the index increased 1.6 percent year over year.

We’re seeing more and more positive news on the market for Denver homes every month. While there is no steep increase in price, the several months of positive news certainly continue to point in a slow, sustained recovery.

We’ll continue to watch the market and especially keep our eye on the Denver foreclosures that are anticipated to be released in the coming weeks and months now that the nation wide lawsuit against the major lenders has been settled.

If you’d like to talk more about the Denver market, give our team a call at 303-726-1874.

The market for Highlands Ranch homes has been very active over the past few months. Earlier this week, our listing in Kentley Hills Highlands Ranch went under contract in less than 60 days after 49 total showings. That’s a busy two months!

We’ve compiled the statistics for all of the sold Highlands Ranch Homes for Sale below. You’ll notice that the difference between the median List price and Median Sold price is less than 2%. This is a very positive sign for home values in the area and corresponds with some of the bidding wars / multiple bid situations we’ve seen – especially on homes under $300,000.

Highlands ranch Homes for Sale:

Sold

 “Based on information from Metrolist®, Inc. for the period November 2011 through April 2012 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.

These statistics comprise all of the sold Highlands ranch homes. this includes Highlands Ranch foreclosures, Highlands Ranch short sales, and Highlands Ranch condos. If you have specific questions about your neighborhood or an individual home, give our team a call at 303-726-1874.

This month, our team has several clients searching for Littleton homes for sale and we’re finding fewer and fewer Littleton foreclosures coming on the market for them to consider. With the market’s overall declining inventory, the foreclosures and HUD homes that are coming up are receiving multiple bids and are typically selling for higher than their initial list price.

Yesterday, HUD released a 5 bedroom, 2,400+ square foot home with a finished walk-out basement in south west Littleton. Located on a cul-de-sac, this home is a tremendous deal priced at just $200,000! We expect this home to receive multiple bids, so if you are interested, call our team today to see it: 303-726-1874.

Littleton Foreclosures:

HUD Owned Home 9231 w elmhurst dr littleton 80128 $200,000.00

Beds: 5 Fin Sq Ft: 2413 Baths: 3 Year: 1984 Acres:0.26 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1080596 Listing Office: re/max professionals

Broker Remarks: this property may be eligible for the fha $100 down payment program. ask your agent for details. perfect for the family, … more… Disclosures

In addition, like all Denver HUD homes, this house qualifies for the HUD $100 down payment program currently available for all owner occupants using an FHA mortgage on HUD homes. This finance program, combined with this incredible price ($83 per finished square foot) make this home one of the best values we’ve come across in a very long time.

If you’d like to learn more about Littleton homes for sale or talk about your options on Littleton foreclosures and Littleton short sales, call our team of experts at 303-726-1874.

The number of Castle Rock condos listed by HUD this year has been incredibly low. In fact, until yesterday, anyone searching for Castle Rock homes for sale would have found zero properties currently on the market.

Yesterday morning HUD released a large, 3 bedroom unit in the Castlewood Ranch Townhomes community. This 2 story home has nearly 1,600 square feet, a 2 car attached garage and a fenced backyard. Priced at just $150,000, we expect this home, like most other Denver HUD homes, to sell quickly and receive multiple bids, so if you are interested in seeing it, give us a call today at 303-726-1874.

Castlewood Ranch Townhomes:

HUD Owned Home 5948 turnstone pl castle rock 80104 $150,000.00

Beds: 3 Fin Sq Ft: 1588 Baths: 3 Year: 2005 # of Photos Avail: 5 V-tour Available: No MLS #: 1080030 Listing Office: westfall & company marketing

Broker Remarks: hud owned*sold as is*great starter home or investment property in a secluded area. cozy kitchen, walk out dining area to… more… Disclosures

We’re continuing to see the demand for Castle Rock homes for sale, especially Castle Rock condos and townhomes, increase. As the entire south metro Denver corridor from Colorado Springs to the DTC continues to expand, areas like Castle Rock, Parker and Castle Pines continue to offer home buyers a fantastic location with convenient commutes.

If you would like to learn more about any of the Castle Rock homes for sale, including foreclosures, townhomes or Castle Rock short sales, give our team of experts a call at 303-726-1874.

Another rare sighting this week for Highlands Ranch homes. This weekend, HUD released one of only two Highlands Ranch foreclosures they have on the market.

This newest offering is located just west of Colorado Blvd and south of County Line rd. It has 4 bedrooms, 4 baths and nearly 2,300 finished square feet. This is a tremendous deal for anyone looking at Highlands Ranch homes under $300,000. In fact, like most of the other Denver HUD homes, we expect this home to receive multiple bids.

In addition to the location and the fantastic price, this is one of only 2 Highlands Ranch foreclosures eligible for the $100 HUD down payment program.

Highlands Ranch Homes:

HUD Owned Home 3855 garnet way highlands ranch 80126 $240,000.00

Beds: 4 Fin Sq Ft: 2297 Baths: 4 Year: 1998 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1079083 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 Highlands Ranch foreclosures, Denver HUD homes or any of the available Highlands ranch homes on the market, give our team a call at 303-726-1874. Our main office is based in Highlands Ranch and many of our team members live in the area.

If you are interested in the $100 HUD down payment program and using it in Highlands Ranch, the only other available property is listed here:

HUD Owned Home 10577 hyacinth pl highlands ranch 80129 $227,000.00

Beds: 3 Fin Sq Ft: 1807 Baths: 2 Year: 1994 Acres:0.11 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1071416 Listing Office: era herman group

Broker Remarks: open house held on march 11, 2012 from 3:00 – 5:00 p.m. with 1,807 total sq.ft., this tri-level with finished basement … more… Disclosures

Ray Newhart on our team has just listed 2 fantastic units in the highly desirable Towers at Cheesman Park Condos. These condos, a 1 bedroom and a 2 bedroom, offer what buyers looking for Denver condos want the most – first class amenities and a central location!

With both City Park and Cheesman Park just a block away, this great complex offers residents an ideal location off of 14th and York. But the location isn’t everything for these great units. The Towers at Cheesman Park Condos offer amazing amenities to their owners: an updated fitness room, pool table, outdoor lounge area and more. Also, included in your HOA payment of $280 is your heat.

These units are priced incredibly well and have everything anyone looking at Denver condos could want. If you would like to schedule a private showing on either of them, give our team a call at 303-726-1874 today.

Towers at Cheesman Park Condos:

1433 williams st denver, CO 80218 $149,900.00

Beds: 1 Fin Sq Ft: 706 Baths: 1 Year: 1973 # of Photos Avail: 5 V-tour Available: No MLS #: 1078460 Listing Office: mb the brian petrelli team

Broker Remarks: updated unit on fifth flr, nice balcony, 2 blocks from cheesman park & minutes to downtown. enjoy the bountiful amenties… more… Disclosures

1433 williams st denver, CO 80218 $184,900.00

Beds: 2 Fin Sq Ft: 919 Baths: 2 Year: 1973 # of Photos Avail: 5 V-tour Available: No MLS #: 1078987 Listing Office: mb the brian petrelli team

Broker Remarks: deeded parking, pet friendly, beautiful mountain & dowtown views from 2nd bedroom, large balcony, 2 block to cheesman pa… more… Disclosures

 Our team can help you with all of the available Denver condos and townhomes on the market. Give us a call at 303-726-1874 to get started.

Some interesting news on Colorado Foreclosures today. A bill was recently proposed in the state legislature that would have required lenders to prove that they had a right to foreclose on a home prior to initiating foreclosure proceedings. This bill was killed in the legislature, but backers are now trying to get it on the State Ballot for this November.

From The Denevr Post:

We’ll be watching this proposed ballot initiative every carefully of the next few months. There is a hearing scheduled for April 6th at the Legislative Council. If it passes this first step, the proposal will need over 87,000 signatures to get on November’s ballot. We’ll keep you posted on this, and any other news for Colorado foreclosures.

In the meantime, if you would like to talk to one of our agents about Colorado foreclosures, HUD homes or any real estate issues, 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

There has been a HUGE resurgence of interest in Green Valley Ranch Colorado. Two of our agents have been helping buyers in that area over the past month and have been involved in several bidding wars for Denver homes in this neighborhood.

With the large size of the homes and the severe decline in price over the past couple of years, this neighborhood is now one of the best opportunities in the entire area for buyers looking at single family homes.

HUD just listed a 3 bedroom, 3 bath home in Green Valley Ranch Colorado that is over $1,600 square feet and is priced at just $121,000!. Based on what we’ve seen over the past month, this home will end up selling roughly $10,000 – $20,000 higher, but even at $140,000 this is a fantastic deal. In addition, like all Denver HUD homes, this house is eligible for the $100 HUD down payment program which will attract even more buyers.

Green Valley Ranch Colorado

HUD Owned Home 20755 e 38th pl denver 80249 $121,000.00

Beds: 3      Fin Sq Ft: 1625 Baths: 3     Year: 2001 Acres:0.09 # of Photos Avail: 5 V-tour Available:  No MLS #: 1078645 Listing Office: great way re exclusive propert

Broker Remarks:  buy me! great deal for this home. just a minor touch will make this one shine*hud home sold as-is*hud case #052-421149*e… more… Disclosures

If you would like more information on this home or any other Denver HUD Homes, give our team a call at 303-726-1874. We can explain the $100 HUD down payment program and see if it is right for you.

Some more good news for Denver homes today. According to the latest S&P / Case-Shiller Home Price Index, for the first time in 19 months, the Denver metro area has posted a year-over-year increase in Home Prices.

Again, this news adds to the growing evidence that both the shrinking inventory, increased demand and low interest rates for Denver homes are having a very positive affect on home values.

From The Denver Business Journal:

For the first time in 19 months, metro Denver posted a year-over-year increase in home prices in January, according to the latest S&P/Case-Shiller Home Prices Index.

It was a small increase, up just 0.2 percent from January 2011, according to the closely-followed report from Standard & Poor’s    Standard & Poor Latest from The Business Journals Follow this company . Still, Denver was one of only three cities out the 20 tracked by the report to show a year-over-year price rise.

The average for the 20 cities was a decline of 3.8 percent. The only other cities with year-over-year gains were Detroit (up 1.7 percent) and Phoenix (up 1.3 percent).

Metro Denver’s January gain followed small year-over-year declines of 0.4 percent in December 2011 and 0.2 percent in November 2011.

Much of this has to do with the declining inventory of Denver foreclosures and Denver HUD homes.

If you would like to talk more about Denver homes or have questions about the market in your neighborhood, give our team a call at 303-726-1874.

Located just south of Lincoln off of Jordan Rd, Bradbury Ranch Homes comprise one of the most sought after neighborhoods for buyers searching for Parker homes for sale. It’s location is ideally located near both E-470 and I-25 making commutes to any part of the Metro Denver Area extremely convenient.

Our team’s newest listing showcases the best that Bradbury Ranch homes has to offer. This incredible home has absolutely every upgrade you could imagine – including a completely finished basement with a second kitchen area, 2 extra bedrooms and an office. Upstairs, you’ll find a main floor master, a gorgeous kitchen with granite and stainless steel, a three car garage and so much more! Vaulted ceilings, a formal dining and living room complete this home. Take a look at the virtual tours and then give our team a call to see this beauty for yourself: 303-726-1874.

Bradbury Ranch Homes:

11038 independence cir parker 80134 $389,900.00

Beds: 6      Fin Sq Ft: 4259 Baths: 4     Year: 2001 Acres:0.16 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1076866 Listing Office: mb the brian petrelli team

Broker Remarks:  absolute best of the best in bradbury ranch! 6 beds plus an office! all the upgrades: granite, stainless steel, wood, so… more… Disclosures

Several of our team members live in Parker and are familiar with all of the available Parker homes for sale, as. well as the inventory of Parker foreclosures and Parker short sales. If you would like to learn more about the area, give our team a call at 303-726-1874.