The Brian Petrelli Team Blog

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

Not to sound like a broken record, but more numbers came out again showing the continued market improvement for Denver homes for sale. These numbers include the sales numbers for Denver distressed properties.

Today’s Denver Business Journal has the details:

Home prices in metro Denver continued the climb upwards in March, beating both the state and national numbers, according to the most recent home price index (HPI) report from CoreLogic CoreLogicLatest from The Business JournalsCoreLogic: Louisville home prices fall by 0.1 percentReport: Ohio home prices down 3% in MarchAustin home prices up 4.8% in MarchFollow this company released Tuesday.

In the Denver-Aurora-Broomfield area, the HPI increased by 3.5 percent from March 2011. That index included sales of distressed properties.That HPI also showed a greater increase than February’s year-over-year increase of 1.6 percent for all sales, including distressed – which are short sales and “real estate owned” or REO transactions.

The metro Denver area’s index without distressed properties increased 2.3 percent in March, compared to the same month a year ago.

These numbers continue to bolster the growing consensus that the Denver housing market is in the midst of a recovery. In fact, these numbers show a slightly larger recovery than some of the statistics we’ve seen in the past few months.

These numbers are a very strong sign. the fact that they included figures for both standard resales as well as Denver distressed properties (Denver foreclosures and Denver short sales) highlights the point we’ve been making for months: the foreclosure market is getting more competitive and you need to bid quickly and with strong bids.

If you’d like to talk more about Denver homes for sale or any of these market stats, give our team a call at 303-726-1874.

The inventory of Castle Rock foreclosures has been pretty slim over the past few weeks. In fact, of all of the available Castle Rock homes for sale, only 2 of them are listed by HUD.

The newest HUD offering in Castle Rock was released on Friday of last week. This is a large, 4 bedroom, 4 bath home with over 3,200 finished square feet. It is located in Maher Ranch Castle Rock (East of I-25 and north of Founders Pkwy). This home is in great shape for a foreclosure and is only accepting Owner Occupant bids until June 3rd (no investors yet).

This home is eligible for the HUD $100 down payment program and at this price, we would anticipate multiple bids.

Maher Ranch Castle Rock:

HUD Owned Home 1371 baguette dr castle rock 80108 $306,000.00

Beds: 4 Fin Sq Ft: 3217 Baths: 4 Year: 2005 Acres:0.21 # of Photos Avail: 5 V-tour Available: No MLS #: 1090236 Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-491254. bid deadline 5/14/12 @ 11:59 pm-daily thereafter. inves… more… Disclosures

If you are interested in this home, or would like to talk more about Castle Rock foreclosures or any of the available Castle Rock Homes for sale, give our team a call at 303-726-1874. There are still some great deals available, but with the low interest rates and the $100 down payment program available on all Denver HUD homes, you need to move quickly.

Again, we continue to see positive data on Denver homes for sale. Yesterday, Metrolist released it’s April Data and in every category, the year-over-year numbers showed strong improvement. In fact, the only number that was down was inventory – part of the reason many of the other numbers (sales price, sold homes and pending contracts) were up.

From the Denver Business Journal:

Metrolist Inc. Metrolist Inc.Latest from The Business JournalsPinnacol’s strategy, ULA’s rockets, Icelandair’s debut in the new DBJMLS adds ‘green’ info, but will it help sell homes?Denver’s luxury housing market sees strong MarchFollow this company released its April data Thursday — and every category showed year-over year improvement. Inventory was down, sales were up, average sales price was up and the number of pending contracts increased in double digits.

The inventory of homes and condos available for sale held steady from March to April at 10,254, but that’s a steep, 37 percent decline from April 2011.

“We continue to see tight inventory in the market, which means there is about two-to-three months of supply available,” Kirby Slunacker, president and CEO of the Greenwood Village company, said in a news release. “Conditions are favorable and we continue to look for signs of improvement such as continued price appreciation.”

Since the 4th quarter of last year we’ve been reporting on our blog all of the positive numbers in the market for Denver homes for sale. Demand continues to increase, the number of Denver foreclosures for sale continues to decrease and the current inventory continues to be 30%-40% below last year’s numbers.

All of these factors are contributing to the slow, but steady, recovery for home prices in the Denver area. With interest rates still below 4%, there is still time to get a great deal, but the market is definitely swinging from a “Buyer’s Market” to a “Seller’s Market.”

If you’d like more information on Denver homes for sale, Denver foreclosures, Denver HUD Homes or have more questions, give our team of experts a call at 303-726-1874.

Bradbury Ranch Parker is one of the most sought after neighborhoods in the Parker area. The Sellers of our Independence Cir listing informed us this week that they wanted to drop the price by $10,000. This makes the price on this unbelievable home just $379,900!

You have to see this home to believe it, but you can start with the virtual tours on our website. This home has everything you could want and more. Six full bedrooms plus an additional office, granite counters, stainless steel appliances vaulted ceilings and more. The basement is fully finished and has an additional full size kitchen and living area.

At this price, this home is under-priced and in the 24 hours since we’ve lowered the price, we’ve had 3 showings scheduled. So if you’re interested in this home, or just learning more about Bradbury Ranch Parker, give our team a call at 303-726-1874 today.

Bradbury Ranch Parker:

11038 independence cir parker 80134 $379,900.00

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 incredibly familiar with all of the available Parker homes for sale. Give our team a call and we can educate you on the area and help you navigate the world or standard resales, Parker foreclosures and Parker short sales.

We’ve been helping many of our investment clients capitalize on the drastic increase in renatl rates across the Denver area. By locating the best deals on Denver Distressed properties (Denver foreclosures and short sales), we helped many investors who have previously targeted fix-and-flip homes, focus instead on buy-and-hold-homes.

By taking advantage of the incredibly low interest rates and the steady increase in rental rates, our investor clients have been realizing a great return on the money and a very positive cash flow. The Denver Business Journal recently ran an article detailing the rental increases and the vacancy rate decreases:

Rents at metro Denver apartments jumped 4.5 percent in the first quarter from a year earlier, the biggest year-over-year increase in a decade, according to a report Tuesday from the Apartment Association of Metro Denver Apartment Association of Metro DenverLatest from The Business JournalsGordon Von Stroh, DU professor and apartment analyst, dies at 69Denver-area apartment vacancies hit 12-year low for Q4Cost of renting an apartment climbs in DenverFollow this company .

Average rent for seven counties portion of metro Denver area stood at $952 in the first quarter, up from $911 in the first quarter of 2011, the report stated.

With vacancy rates continuing to drop, the rise in rents didn’t surprise the report authors, which include the Colorado Division of Housing.

If you have considered investing in Denver distressed properties, Denver short sales or Denver foreclosures, or would like to talk to our team of experts on the difference between fix-and-flip and buy-and-hold, give us a call at 303-726-1874. There is a huge opportunity right now for investors who make smart, informed decisions and take advantage of the rental rates and current vacancy numbers.

Some more news late last week on the severely decreasing number of Colorado foreclosures being filed and sold this year. In 2012, Colorado foreclosure filing dropped 40% compared to the same time period last year. This is inline with the overall decrease in inventory we’ve been writing about on our blog for the past several months.

From The Denver Business Journal:

Colorado foreclosure filings and foreclosure auction sales were both down in the first quarter from a year earlier, with foreclosure sales dropping nearly 40 percent in Denver and Douglas counties, according to a report released Thursday by the Colorado Division of Housing.

New foreclosure auction sales statewide were down 25 percent in the first quarter compared with the same period last year, and new foreclosure filings were down 3.7 percent.

The state reported 4,221 foreclosure auction sales, or completed foreclosures, in the first quarter, compared with 5,605 sales reported during the same period of last year.

This declining inventory (of both Colorado Foreclosures and all available Denver homes for sale), is resulting in a severe shortage of available homes for buyers – especially in the under $300,000 price range. We’ve had countless clients over the past few months get forced into a bidding war on a home that would have sat on the market for 6 months or longer just a year agho.

If you are interested in getting a good deal on Colorado foreclosures, there are still great values to be found, but you need to be able to find, and offer on, a home very quickly. We highly recommend calling our team to get set up on a daily alert of foreclosures and bank owned homes so you can be among the first to know when a new home hits the market. You can reach us 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

Our team’s main office is based in Highlands Ranch and we’re always keeping our eyes out for great deals on Highlands Ranch foreclosures. yesterday, HUD released a new listing bringing the total of Highlands Ranch homes offered by HUD to 3 – an incredibly high number based on past averages.

This newest listing is listed in the Westridge Highlands Ranch area and is a fantastic deal. The home has a 3 car garage, 4 bedrooms plus a loft, 3 baths and over 2,300 square feet. While this home, like the other 3 Highlands Ranch foreclosures offered by HUD, is only available to owner occupants for the first 15 days (not investors), we do expect mulitple offers. So, if you are interested in seeing it, give our team a call today at 303-726-1874.

HUD Owned Home 10126 royal eagle ln highlands ranch 80129 $307,000.00

Beds: 4 Fin Sq Ft: 2342 Baths: 3 Year: 2000 Acres:0.21 # of Photos Avail: 5 V-tour Available: No MLS #: 1086807 Listing Office: westfall & company marketing

Broker Remarks: hud owned*sold as is*nice home in highlands ranch*open floorplan*large kitchen with center island*spacious family room w… more… Disclosures

Our team can help you with any of the available Highlands Ranch homes on the market. Whether you’re interested in Highlands ranch foreclosures, Highlands Ranch short sales, or a traditional sale, let our team of experts help you. You can reach us at 303-726-1874.