The Brian Petrelli Team Blog

We didn’t have time to blog about it yesterday, but some great news came out regarding Denver homes for sale. For the second month in a row, Denver showed a year-over-year increase in home prices. This corresponds with all of the otehr reports and dat we’ve been repeating here, but it’s worth repeating.

From The Denver Business Journal:

For the second straight month, metro Denver posted a year-over-year increase in home prices in February, according to the latest S&P/Case-Shiller Home Prices Index.

Those consecutive gains were the first year-over-year price increases for the Denver area in 19 months, according to the closely-followed monthly report on average home-resale prices from Standard & Poor’s Standard & Poor’sLatest from The Business JournalsFollow this company .

Denver’s February home prices were up 0.5 percent in February from the same month a year earlier, following January’s slight 0.2 percent gain.

The market for Denver homes for sale is hot. We sold two homes this past weekend that we had on the amrket for less than 24 hours! Many of our agents this week were helping clients with Denver foreclosures. On several occasions, our team was forced to get into a bidding war on these foreclosures for our buyers because of the huge demand.

If you are thinking of buying or selling a home in the Denver area, give our team of experts a call so we can make sure you have all of the data and information you need: 303-726-1874.

Our team deals with many Denver short sales each month. This past weekend, Darcy Truppo on our team listed two short sale listings in the Denevr area. Both homes went on the market on Friday and both were under contract by Saturday!

We’ve been reporting on the shrinking inventory of Denver homes for sale over the past several months and the impact that declining inventory is having on the days on market for existing homes. These two sales are only a small fraction of the homes our team has put under contract in less than a week over the past few months. The market is incredibly strong for homes priced under $300,000 in the Denver area.

if you’re thinking of selling your home but are worried about all the negative housing news you’ve been reading, give our team a call and let us run a market analysis on your home. You may be pleasantly surprised at what homes in your neighborhood are selling for. You can reach us at 303-726-184.

Both of these homes Sold after being on the market just 1 day!

Lakewood Short Sales:

1900 dover st lakewood 80215 $245,000.00

Beds: 3 Fin Sq Ft: 2184 Baths: 2 Year: 1926 Acres:0.28 # of Photos Avail: 5 V-tour Available: No MLS #: 1085023 Listing Office: mb the brian petrelli team

Broker Remarks: short sale already approved at $245! totally remodeled with contemporary styling throughout. dramatic windows add lots … more… Disclosures

Aurora Short Sales:

16722 e kentucky ave aurora 80017 $153,000.00

Beds: 4 Fin Sq Ft: 2320 Baths: 3 Year: 1979 Acres:0.21 # of Photos Avail: 5 V-tour Available: No MLS #: 1085190 Listing Office: mb the brian petrelli team

Broker Remarks: motivated seller!! inviting and well-kept tollgate tri-level with a great deck and huge back yard, including a fenced g… more… Disclosures

Remember, each neighborhood is different. Denver short sales in one neighborhood can have a completely different dynamic than Lakewood short sales just a few miles away. Give us a call and let us help you make the best choice when buying your next home: 303-726-1874.

Some big news today for anyone looking at Castle Rock Homes for Sale. HUD just listed an unbelievable deal on a 3 bedroom home in the Castlewood Ranch homes neighborhood. Currently, this is the only HUD home available for anyone searching for Castle Rock foreclosures, meaning this is the only home eligible for HUD’s $100 down payment program.

This listing truly is an amazing deal. While many HUD homes need thousands of dollars of repair work just to move in, this 1,760 square foot home needs very little repair and is in great condition. Check out the hardwood floors through out the main floor as well as the view.

Because of the condition, low price and availability of the $100 down payment program, we expect this home to sell quickly and receive multiple bids. So, if you are interested in this home, call us today to get inside and see it for yourself: 303-726-1874.

Castlewood Ranch Homes:

HUD Owned Home 5904 turnstone pl castle rock 80104 $155,000.00

Beds: 3 Fin Sq Ft: 1760 Baths: 3 Year: 2005 Acres:0.11 # of Photos Avail: 5 V-tour Available: No MLS #: 1085301 Listing Office: diamond realty alliance

Broker Remarks: great townhome in castlewood ranch! spacious, open floor plan*huge bedrooms*two car attached garage*yard with unobstruct… more… Disclosures

If you would like to talk with our team about the current inventory of Castle Rock foreclosures or your options for all Castle Rock homes for sale, give us a call at 303-726-1874. There are still some good deals out there for those who can move quickly and whoa re working with the most experienced agents.

As many of you know, our teams spends a great deal of our time helping buyers with foreclosures. Several of our agents live in the Littleton area and are currently helping some of our clients in their search for Littleton homes for sale. This week, HUD listed 2 Littleton foreclosures in the MLS and we wanted to make sure that we told you about them here.

Both of these listings are single family homes. The first is located just north of Chatfield State Park off of Chatfield Ave. This is a large, 5 bedroom home priced aggressively at just $133,000! And, as with all Denver HUD homes, this listing qualifies for the HUD $100 down payment program currently being offered for owner occupants purchasing a HUD home.

Littleton Foreclosures:

HUD Owned Home 6680 w chatfield ave littleton 80128 $133,000.00

Beds: 5 Fin Sq Ft: 1846 Baths: 2 Year: 1955 Acres:0.38 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1083475 Listing Office: alpine real estate

Broker Remarks: this home qualifies for the $100 down payment program, make this your dream home with a 203k loan, you pick your carpet,… more… Disclosures

The second HUD listings is located just west of the first in the Meadowbrook Littleton area. This home is a ranch model with a huge backyard. This is a popular neighborhood and we expect this home to move quickly – especially priced at just $165,000.

Meadowbrook Littleton:

HUD Owned Home 8375 w stene dr littleton 80128 $165,000.00

Beds: 4 Fin Sq Ft: 1335 Baths: 2 Year: 1979 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1083148 Listing Office: metrowest real estate solut…

Broker Remarks: ready set go!! huge yard with great views! quiet subdivision. large master bedroom! ton’s of potential with this home. m… more… Disclosures

If you are interested in learning more about Littleton foreclosures, or would like to talk more about Littleton homes for sale, give our team a call at 303-726-1874. As we continue to report, homes in the Denver area are moving quickly and you need an experienced team of experts on your side if you want to get the best deal on your next home.

We’ve been blogging about the rapidly decreasing inventory of Denver homes for sale for months now. Over the past few weeks, it looks like the media is starting to pay attention. Today, the Denver Post ran a front page article on the Denver home market boasting the second fastest days on market in the country.

From The Denver Post:

The entire article is worth a read. It notes that there are many Denver foreclosures that have not been released by the banks. It remains to be seen how this inventory will affect the market.

In addition, this article points out, as we continue to emphasize, certain neighborhoods are impacted more than others by this decreased inventory. We always recommend having your agent do a detailed analysis of the neighborhood market before making any offers. If you’d like to have our team prepare one for you, or if you just have questions about Denver homes for sale, give us a call at 303-726-1874.

As a reminder, we’re seeing most Denver foreclosures, especially Denver HUD homes, sell even quicker than the average. In addition, these homes typically receive multiple offers. If you are serious about buying a home, make sure you have our team set you up on our daily foreclosure email alerts.

Again, we’re seeing positive numbers for the entire Colorado housing market. The Number of Denver homes for sale that successfully closed rose 13.5% in February year-over-year from 2011. This increase in sales is consistent with the numbers we’ve been reporting here for the past severl months.

From the Colorado Division of Housing:

The number of single-family home sales closings increased again in February in metro Denver, the Pikes Peak Region, and statewide. According to home sales information released by the Colorado Association of Realtors, the number of single-family closings rose 13.5 percent in metro Denver during February 2012 compared to February 2011. Over the same period, closings rose 17.6 percent statewide, and 14.3 percent in the Pikes Peak region. Statewide in February, there were 3,746 closings. 2,036 of them were in the metro Denver region and 511 occurred in the Pikes Peak region.

Keep in mind, these increased sales are coming at the same time that inventory has declined by over 30% year-over-year. This has resulted in a pretty severe shortage in homes priced under $300,000 in the Denver metro area. Our team has been a perty to many bidding wars for homes over the past few months and we don’t see this trend decreasing anytime soon.

If you are considering buying any of the available Denver homes for sale, especially Denver HUD homes or Denver foreclosures, make sure you get set up on one of our daily email alerts so you don’t miss the more popular homes when they come on the market. You can have our team set you up on these alerts by calling us at 303-726-1874.

Some more great news for Denver Luxury homes was released by Metrolist today. Luxury homes in the metro area (homes priced over $1 million) increased over 60 percent from February and nearly 50% from March of 2011.

This steep rise corresponds to what we’ve been seeing in all price ranges across the Denver area. While the number of sales hasn’t risen quite as dramatically in the non-luxury market, sales have been trending up for many months now.

From The Denver Business Journal:

The number of luxury homes sold in the metro Denver market in March increased dramatically from both the prior month and March 2011, according to a report released Monday.

Forty-nine homes with a price tag of more than $1 million sold in March, up 63 percent from February and 48 percent year-over-year, according to the report analyzing Metrolist Inc. Metrolist Inc.Latest from The Business JournalsFollow this company data by Gary Bauer, an independent Littleton broker, Metrolist analyst and board member.

With banks releasing fewer and fewer Denver luxury foreclosures to the market, we expect to see prices trend upwards as well. There has been a trend of “wait and see” going on in the market, and it seems like this trend is ending.

If you would like to talk to our team about Denver Luxury homes or any of the factors that are contributing to the upswing in sales over the past 9 months, give us a call at 303-726-1874.

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

Diane Nazminia on our team, just listed a perfect 2 story homes in The Meadows Littleton homes. If you have been searching the shrinking inventory of Littleton homes for sale in the mid to upper $300’s, you won’t find a nicer home for this price!

With four bedrooms plus a main floor study, a three car garage, formal dining area, a master suite and so much more, you’ll have to see this home in person to appreciate all it offers. You can take the virtual tours on our website or give our team a call at 303-726-1874 to see it in person.

Littleton Homes for Sale:

7160 s newcombe st littleton 80127 $369,900.00

Beds: 4 Fin Sq Ft: 2243 Baths: 3 Year: 1994 Acres:0.24 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1083374 Listing Office: mb the brian petrelli team

Broker Remarks: acclaimed richmond design, tasteful contemporary two story, elegant flowing foyer with spiral staircase.this wonderful h… more… Disclosures

The Meadows Littleton homes are located north of Ken Caryl Ave and West of Kipling. Offering easy access to C-470 as well as amazing views of the foothills, this is a highly popular area. Chatfield State Park is only a few miles south of the neighborhood and several parks are within walking distance.

Our team can help you with all of the available Littleton homes for sale, including the declining inventory of Littleton short sales and Littleton foreclosures. You can reach us at 303-726-1874.

Some more great news on Colorado foreclosures this morning. There was a significant decline in year-over-year foreclosure filings between March of 2011 and March of 2012, sending another signal that the market for Denver homes continues to improve.

From The Denver Business Journal:

The number of Colorado properties with foreclosure filings rose 2.38 percent in March from February, but fell 21.9 percent from March 2011, according to a monthly report Thursday from RealtyTrac Inc. RealtyTrac Inc.Latest from The Business JournalsFollow this company

The state had 3,742 properties with filings last month, or one out of every 591 housing units statewide, up from the February tally of 3,655 properties, or one in 605 properties, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

We’ve been reporting for several months that all of the housing statistics continue to point in an upward direction. Year-over-year statistics in every category point to decreasing inventory and increasing prices. A decline in Colorado foreclosures of over 20% in a year is big news and is consistent with the numbers being reported by all of our sources.

We’ll continue to watch the major indicators and report back here. In the meantime, if you’d like to talk with our team about Colorado foreclosures or the market in general, give us 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

Some great news today for anyone searching for Cottonwood Parker Homes for Sale. HUD just listed this large (1,800+ square feet0 home with 4 bedrooms and 4 baths for just $160,00! Even for Parker foreclosures, this is a terrific price!

Located just north of E-470 off of Jordan Rd, Cottonwood is a very popular neighborhood for buyers in the sub $250,000 market. This new offering from HUD is one of the larger models in the neighborhood and is one of the lowest priced home in the neighborhood.

Cottonwood Parker Homes for Sale:

HUD Owned Home 8852 clover meadow ln parker 80134 $160,000.00

Beds: 4 Fin Sq Ft: 1858 Baths: 4 Year: 1995 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1082315 Listing Office: re/max professionals

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

Because of it’s incredible price, as well as the option of using HUD’s $100 down payment program, we expect multiple bids on this home. If you are interested in seeing this home, or any of the other available Parker homes for sale, give our team a call at 303-726-1874.

While all Denver HUD homes are allowing the $100 down payment program for owner occupants, HUD homes make up only a small portion of the available Parker homes for sale, so don’t let this opportunity pass you up.