The Brian Petrelli Team Blog

 We will be closing tomorrow on a home in Tthe Meadows Castle Rock (3116 W Indian Summer Ln). We actually received an offer and had this listing under contract in 3 days.

We have several buyers looking in the Castle Rock area and have some past clients in the area that are considering putting their homes up for sale. We wanted to give all of you access to the latest market statistics for the neighborhood so you had all of the information you needed. 

This is a snapshot of the sold homes in The Meadows over the past 3 months. If you would like a more detailed analysis of all of the Castle Rock homes for sale or a market analysis of your specific home, feel free to give us a call at 303-817-0209.

The Meadows Castle Rock Homes for Sale

Sold Homes  

<!–% of List–>

<!–% of Orig–>

While there are several Castle Rock foreclosures and Castle Rock short sales on the market, the overall conditions are strong in the area. The home we listed and put under contract in 3 days was a standard resale home and NOT a foreclosure or short sale. Give us a call and find out more.

Jan Philips on our team, just listed a perfect 2 bedroom townhome in Lakehurst Village Littleton. Located next to Harriman lake, as well as walking trails, bike paths and golf, this home has two master bedrooms, an upstairs laundry and a 2 car garage.

Lakehurst is one of the most popular areas for Littleton townhomes. There is actually only one other listing in this neighborhood right now, so if you’re interested, give our team a call at 303-726-1874 to see it soon.

Lakehurst Village Littleton:

11278 w radcliffe dr littleton, CO 80127 Lakehurst village $225,000.00

Beds: 2      Fin Sq Ft: 1750 Baths: 3     Year: 2004 # of Photos Avail: 5 V-tour Available:  No MLS #: 1066948 Listing Office: mb the brian petrelli team

Broker Remarks:  this is a awsome townhome…neutral colors, immaculate, beside harriman lake with walking trails, near bike paths and go… more… Disclosures

Our team can help you with any of the available Littleton townhomes on the market. Call us to day at 303-726-1874 and use our expertise and knowledge to navigate the complex world of Littleton foreclosures, Littleton short sales and the more traditional resales.

With the declining inventory of Littleton foreclosures, we’ve seen a fairly steep drop off in HUD homes. However, this morning, HUD released a new listing in southwest Littleton with 4 bedrooms and over 2,500 square feet.

This listing is so new, that pictures have not yet been uploaded to the MLS. All we have is te description below. We can tell you it is in the Powderhorn Littleton homes area and is priced very well for the homes in this neighborhood.

Powderhorn Littleton Homes:

HUD Owned Home 11811 w lake ave littleton 80127 $279,000.00

Beds: 4      Fin Sq Ft: 2516 Baths: 4     Year: 1984 Acres:0.21 # of Photos Avail: 0 V-tour Available:  No MLS #: 1066468 Listing Office: olde towne golden realty llc

Broker Remarks:  great family home recently completely remodeled. new kitchen, new appliances, new baths, new floors, new paint. home in… more… Disclosures

If you are interested in Littleton foreclosures, there is actually only one other single family Littleton HUD home one the market right now. This home is in Woodmar Village Homes (just north of Coal mine and west of Wadsworth). Again, this home is priced well for the neighborhood, but like many homes Denver HUD homes, it needs some TLC.

Woodmar Village Homes:

HUD Owned Home 6482 s field way littleton 80123 $170,000.00

Beds: 3      Fin Sq Ft: 1899 Baths: 3     Year: 1975 Acres:0.17 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1065704 Listing Office: era herman group

Broker Remarks:  fixer, needs tlc, good neighborhood, sweat equity opportunity. start from scratch and remodel to your unique taste. don’… more… Disclosures

As with all Denver HUD homes, these homes qualify for the $100 HUD Down Payment program for owner occupants using an FHA mortgage. Our team can help you with that or any other HUD questions you may have.

Our team works extensively in the Littleton area, and we can help you with all of the available Littleton foreclosures and Littleton homes for sale. Give us a call at 303-726-1874 today.

Absolutely every agent in the business has their own personal horror story about dealing with one of the many management companies for Colorado HOAs. From the run-around on the phone, to the ridiculous rules, to the just plain rude, there is no doubt that many of the management companies running HOA’s can be a nightmare.

My personal favorite happend several years ago. We absolutley had to have HOA docs that day. So one of my assistants went in person to the HOA office. She patienctly knocked at the door only to find out it was locked. The people inside the office said they could not let anyone in and if she needed docs, she would have to call and it would take 5-7 business days. Good times.

However, with all of the problems and complaints on Colorado HOAs, many people often overlook the necessity and services they do provide. The reason you don’t live next to a bright pink house with 30 wind chimes and a purple fence, is because of HOAs. That may be an extreme example, but HOA’s do serve a purpose – especially in condo and townhome communities where there are many shared common areas and services.

The latest move to help homeowners with Colorado HOAs involves possible government regulation. You can read the details at the Denver Post.

While in almost every instance, more government regulation and “help” in the real estate industry only brings about more problems, this may be one time when a level headed regulation system, similar to the mortgage broker regulations enacted a few years ago, may actually help everyone involved.

We’ll follow the developments on this and keeo you updated on our blog.

Search all Colorado HOAs, Subdivisions, Homeowner Associations
Condo & Townhome Communities and Property Management Companies:

ABCDEFGHIJKLMNOPQRSTUVWXYZ

We have several buyers working with us looking at homes in south east Aurora. In preparing a list of homes to see this weekend, one of the available Aurora Foreclosures listed by HUD caught our eye. This large ranch home located in Mission Viejo Aurora, has over 1,800 finished square feet, an attached two car garage and qualifies for HUD’s $100 down payment program. Bids are open and this home is in good shape for a HUD listing.

If you’d like to schedule a time to see it this weekend, give one of our agents a call at 303-726-1874. We’ll be out showing homes all weekend and would be happy to swing by and let you take a look.

Mission Viejo Aurora:

HUD Owned Home 3776 s lewiston st aurora 80013 $118,000.00

Beds: 3      Fin Sq Ft: 1824 Baths: 2     Year: 1979 Acres:0.18 # of Photos Avail: 5 V-tour Available:  No MLS #: 1065218 Listing Office: mb cliff johnson realty

Broker Remarks:  very nice 3 bed 2 bath ranch style home. finished basement. close to park,shopping, schools. hud owned – sold as-is…. more… Disclosures

The inventory for Denver HUD homes has contracted over the past few months. Much of this has to do with the amazing HUD $100 Down Payment program currently being offered for owner occupants using an FHA mortgage to purchase the home. If you’d like to learn more about this special financing, or talk to one of our agents about Aurora foreclosures or homes specifically in Mission Viejo, give us a call at 303-726-1874 or send us an email at properties@petrelliteam.com.

Our team will be showing some clients a number of Lakewood condos this weekend. On the list of homes to see are these two fantastic deals on Lakewood foreclosures. Both of these units are priced at or under $80,000 and are incredible values for their neighborhoods.

The first unit is a tremendous deal in Meadow Creek Townhomes. This is a HUGE, 1,668 square foot townhome with 2 beds, 3 baths with a fenced yard and a 2 car, attached garage – All for just $80,000! Give one of our agents a call at 303-726-1874 if you’re interested in seeing this home. It will not last long at this price.

Meadow Creek Townhomes

HUD Owned Home 6305 w 6th ave lakewood 80214 $80,000.00

Beds: 2      Fin Sq Ft: 1668 Baths: 3     Year: 1975 # of Photos Avail: 5 V-tour Available:  No MLS #: 1033489 Listing Office: elist realty, llc

Broker Remarks:  ***back on the market*** light and bright 2 bedroom 3 bath townhome on fenced lot with lots of potential. property has … more… Disclosures

THe second of the two Lakewood foreclosures, is a one bedroom unit in Snowbird Condos. Unlike many foreclosures, this unit comes with all of the appliances (fridge, washer and dryer). In addition, it has wood floors and a fireplace – all for just $65,000.

Snowbrid Condos Lakewood

HUD Owned Home 335 wright st lakewood 80228 $65,000.00

Beds: 1      Fin Sq Ft: 812 Baths: 1     Year: 1981 # of Photos Avail: 5 V-tour Available:  No MLS #: 1065769 Listing Office: mb cliff johnson realty

Broker Remarks:  great 1 bed 1 bath condo. wood floors.fireplace. washer, dryer, fridge, oven all included. hud home sold as-is. bids due… more… Disclosures

It should be noted that these homes, like all Denver HUD homes, qualify for the HUD $100 down payment program currently being offered to all owner occupants of HUD purchases.

If you are interested in learning more about the available Lakewood condos, Lakewood foreclosures or any of the other options available, give our team a call at 303-726-1874.

The number of sold homes in January were up 14.5 percent from January of 2012 according to a report by Metrolist Inc detailing Denver homes for sale. This upwards trend is consistent with all of the data we’ve seen over the past 6 months.

This is obviously good news, but what is troubling, and what is not being reported by most news outlets, is that the number of “active” Denver Homes for sale in January 2012 dropped by over 41% from January of 2011. This drastically declining inventory has been a real problem both for our clients, and for the market as a whole.

While there ire definitely some Denver foreclosures that have not been listed by banks as they were waiting for the settlement finally announced yesterday, a larger problem is the constant reporting in the news that the housing market is in terrible shape. This negative reporting is causing many sellers to wait on listing their homes, or forgo listing their homes altogether.

While many areas of the country are in terrible shape, this is not the case for most of the metro Denver area. Over the past few weeks, our team has put many, many homes under contract. Two of the homes we listed went under contract in less than 7 days. Much of this is due to the complete lack of inventory in certain markets caused by the media misinformation.

As with all real estate, each market is completely unique, so if you would like a full report for your neighborhood, or a neighborhood you are considering moving into, give our team a call at 303-726-1874.

.

Denver Homes For Sale Searches:
Homes for sale Aurora colorado,Homes for sale Arvada colorado,Homes for sale Brighton colorado,Homes for sale Broomfield colorado,Homes for sale Castle Rock colorado,Homes for sale Centennial colorado,Homes for sale Commcer City colorado,Homes for sale Englewood colorado,Homes for sale Golden colorado,Homes for sale Highlands Ranch colorado,Homes for sale Lakewood colorado,Homes for sale Littleton colorado Homes for sale Northglenn colorado,Homes for sale Parker colorado,Roxborough Park Homes for Sale,Homes for sale Thornton colorado,Homes for sale Westminster colorado,Denver Area Homes by Zip Code

Some interesting news today, both nationwide and for Colorado Foreclosures in particular. There have been plenty of news stories and rumbling about the settlement being worked out between all of the states and the five largest mortgage lenders.

Today the settlement was announced, and it appears that Colorado will get $204.6 million in foreclosure releif funds. From The Denver Business Journal:

Under the terms of the settlement, Colorado, which served on the executive committee that oversaw the settlement negotiations, will receive:

· $73.3 million that will be available to grant principal reductions on loans to make a modification possible. Approximately 40 percent of these funds will also be available to ease the effects of foreclosure, including waiving deficiency balances, enhanced cash-for-keys payments and blight prevention;

· $52.5 million in cash to the state;

· $46.3 million worth of refinancing benefits to underwater borrowers; and,

· $32.49 million in payments to homeowners who lost their homes to foreclosure between January 1, 2008 and December 31, 2011.

The past mortgage modification programs have been spectacularly ineffective and it will be interesting to see if this program has any real impact. It may make some Denver short sales easier, but based on all of the past “government help,” I wouldn’t bet on this having a major impact.

We’ll continue to post more information as it becomes available, but in the meantime, if you have questions on Colorado Foreclosures or Denver short sales, give our team a call at 303-726-1874.

.

 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

More good news today for Denver Homes for sale. Penske Truck Rental compiled it’s annual top ten list of moving Destinations, and Denver hit number 7.

From the Denver Business Journal:

Truck Rental has compiled its annual list of the top 10 destinations for residents relocating within the U.S., and Denver comes in at No. 7 for 2011, up a notch from 2010’s No. 8 ranking.

Penske bases the list on the number of requests it receives through its online reservations system and call centers for one-way moves during the year.

While this is obviously good news for the Denver housing market, we still remained concerned with the shrinking inventory on the market – especially with Denver foreclosures and Denver HUD homes. Our team has seen the demand for homes increase dramatically over the past 6 months, and our biggest challenge has shifted from finding qualified buyers, to finding homes for those buyers.

We’ve highlighted the recent reports and statistics on this blog, but this is just more news showing a upward trend in demand.

If you would like to talk more about Denver homes for sales of the Denver Foreclosures market, give our team a call at 303-726-1874.

Our team listed a gorgeous, five bedroom home in Kentley Hills Highlands Ranch yesterday. This large (nearly 3,300 finished square feet) home has granite counters, custom paint, backs to a greenbelt, and is just stunning. In addition, this home has 4 full bedrooms upstairs (plus one in the basement) – something rare for Highlands Ranch homes in this price range.

With a full finished basement, a private backyard, formal living and dining room and vaulted ceilings, this home has everything you’re looking for!

The number of homes on the market in Kentley Hills Highlands Ranch has been down in recent months – and those that are listed move quickly. Priced at just $354,900, this large home will sell quickly, so if you’re interested in seeing it, give our team a call at 303-726-1874.

Kentley Hills Highlands Ranch:

10082 astorbrook ln highlands ranch 80126 $354,900.00

Beds: 5      Fin Sq Ft: 3227 Baths: 4     Year: 1999 Acres:0.13 # of Photos Avail: 2 V-tour Available:  Yes MLS #: 1065344 Listing Office: mb the brian petrelli team

Broker Remarks:  wow! absolutely gorgeous home with 4 bedrooms upstairs and 1 in the basement! perfect kitchen with granite counters, cen… more… Disclosures

Our team does a great deal of work with Highlands Ranch homes. In fact, our managing broker lives in Kentley Hills, so if you have questions on the area, give us a call and get all the information you need.