The Brian Petrelli Team Blog

The market for Firelight Highlands Ranch homes has been strong for the past few years. The demand for the area, and Highlands Ranch homes in general, has helped the neighborhood overcome a bump in short sales homes several years ago.

Nothing illustrates the high demand in the neighborhood better than the chart we have included in this post. As you’ll see, the average days on market for homes in Firelight has seen a drastic decline in the past 2 years. In fact, the average days on market for 2013 and 2014 is less than a third of what it was in 2012.

If you have been waiting to sell your Firelight Highlands Ranch home, now may be the right time. Give our team a call at 303-726-1874 to have us run a detailed market analysis of your home.

Firelight Highlands Ranch Homes:

Based on information from Metrolist®, Inc. for the period 2009 through 2014 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.

Over the weekend, our team listed, and put under contract, this great 2 bedroom home in the Westgold Meadows Littleton neighborhood. In fact, we had it under contract in 24 hours for a purchase price $1,000’s above the listing price.

In 2014, homes in this neighborhood have taken an average of 96 days to sell. Want to learn how we were able to sell it in under 1 day? Give us a call today at 303-726-1874. We can show you not only our extensive marketing to sell your home, but also walk you through the “pre-marketing” we do before your home even hits the MLS.

We have provided a link to the home below, as well as a chart for the average Days on market for Westgold Meadows homes over the past 5 years.

Littleton Homes:

5557 South Simms Way Littleton, CO 80127  $235,000.00

Beds: 2      Fin Sq Ft: 1128  Baths: 2     Year: 1991  Acres:0.16  # Of Photos Avail: 10  V-Tour Available:  No  MLS #: 6765198  Status: Under Contract  Listing Office: Mb The Brian Petrelli Team

Broker Remarks:  Charming And Attractive 2 Bedroom Home In Lovely Westgold Meadows. 2 Bedrooms Plus Loft Upstairs, Living Room With Vault…More…

Average Days on Market for Westgold Meadows Littleton Homes

Our team has just listed a fantastic home in the Westgold Littleton homes neighborhood. This charming 2 bedroom + loft home has vaulted ceilings, dining room, large kitchen , 2 car garage and has new paint and new kitchen floors.

Westgold Meadows is a very popular neighborhood, and Littleton homes in this price range have been selling very quickly. If you are interested in seeing this home before it sells, call our team today at 303-726-1874.

Westgold Meadows Littleton Homes:

5557 South Simms Way Littleton, CO 80127  Westgold Meadows  $235,000.00

Beds: 2      Fin Sq Ft: 1128  Baths: 2     Year: 1991  # Of Photos Avail: 10  V-Tour Available:  No  MLS #: 6765198  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks: Charming And Attractive 2 Bedroom Home In Lovely Westgold Meadows. 2 Bedrooms Plus Loft Upstairs, Living Room With Vault…More…

Remember, the best homes in Littleton are selling quickly, so if you are interested in buying in this area, make sure we know what you are looking for and have you set up with daily email alerts of the latest listing.

The inventory of Castle Rock homes has been painfully low for would-be buyers searching for homes. The number of Caste Rock Foreclosures has been even lower. However, this morning, HUD released another listing in the Founder Village neighborhood.

This is not your typical HUD home. With over 2,700 square feet, 5 bedrooms+ a loft, 3 baths, master suite, gorgeous vaults and more, this home is in very good shape and will receive a lot of attention from buyers interested in the Founders Village Castle Rock area.

As with all Denver HUD homes, there is a limited window to bid on this home (April 6th) and only potential owner occupants may bid. If you are interested in seeing this trulyrare opportunity, call our team today at 303-726-1874 to schedule a showing.

Founder Village Castle Rock Homes:

HUD Owned Home 144 Hampstead Avenue Castle Rock 80104    $305,000.00

Beds: 5      Fin Sq Ft: 2795  Baths: 3     Year: 2000  Acres:0.14  # Of Photos Avail: 22 V-Tour Available:  No  MLS #: 3383600  Status: Active  Listing Office: Keller Williams Realty Downtown

Broker Remarks:  Jewel Of The Neighborhood! This Well Cared For 2-Story In Castle Rock Is A Rare Find. Gorgeous 5 Bedroom, 3 Bath Home! … More…

Prices for Denver homes continue to rise. Yesterday, Case-Shiller released their statistics for January and are showing a 9% increase in prices from the same period a year earlier.

While the Metrolist statistics are more current and very similar to the Case-Shiller numbers, Case-Shiller factors in more sales statistics than just the MLS reporting and is generally considered the standard in the industry.

Here is more information from The Denver Business Journal:

Denver-area home-resale prices rose 9 percent in January from a year earlier, the same year-over-year increase as in December, according to the latestS&P/Case-Shiller Home Prices Index, released Tuesday.

Over a shorter term, Case-Shiller’s index showed Denver prices virtually unchanged in January from the previous month, based on non-seasonally-adjusted data.

It was the 25th consecutive month with a year-over-year gain in Denver prices, according to the closely followed gauge of home resale prices in 20 cities from S&P Dow Jones Indices LLC.

For more detailed information on this report, the overall market, or homes in your neighborhood, give our team a call today at 303-726-1874. Each neighborhood is different and we would be happy to run a report for your home.

Our team has been helping several buyers just this week get prequalified and ready to buy a home using one of the many Down Payment Assistance Programs in Colorado. There are several of these programs that we have access to.

Over the past year, there has been an increase in the number of down payment grant programs being offered by various counties and cities in the metro Denver area. The largest, and most well known of these programs, is the Metro Mortgage Assistance Program currently being offered in Denver and many nearby cities. In addition, to the MMA program, many counties are offering their own grant programs and assistance programs. 

One of the longest running, and most effective programs is the CHAC program. Only certain lenders can help you with this program, but the benefits and advantages are tremendous. We work with a lender who has been doing this program for years and can help you get qualified today.

Take a look at our website where we list the most popular Colorado Down Payment Assistance Programs. Or, if you prefer, give our team a call at 303-726-1874 today and we can help you become our team’s next success story!

The market for Centennial Foreclosures is incredibly tight. In fact, there are only two currently active on the market. One of those homes is a HUD listing released late yesterday in the Fox Hill Centennial homes neighborhood.

With so few foreclosures in the area, investors have been in huge bidding wars for the current active inventory. However, buyers looking for a foreclosure deal to live in are in luck on this home. HUD is only accepting bids from potential owner occupants (no investors) until April 5th.

With nearly 1,600 square feet, this listing is priced very well for the Fox Hill neighborhood. Three bedrooms, three baths, large fenced backyard, wood floors, fireplace and more, this home has it all.

As with all Denver HUD homes, this listing will accept bids for only 10 days, so if you are interested in seeing the home, call our team of HUD approved agents at 303-726-1874.

Fox Hill Centennial Homes:

HUD Owned Home 19940 East Radcliff Avenue Centennial 80015    $222,000.00

Beds: 3      Fin Sq Ft: 1578  Baths: 3     Year: 1997  Acres:0.15  # Of Photos Avail: 21  V-Tour Available:  No  MLS #: 9720852  Status: Active  Listing Office: Keller Williams Dtc

Broker Remarks:  Hud Home, Sold As Is W/No Warranties. Hud Case # 052-334981. Bid Deadline 3/31/14 @ 11:59 Pm-Daily Thereafter. Inves… More…

Centennial Homes in Colorado are moving FAST! If you are in the market, make sure we have you set up on daily email alerts so you don’t miss the best listings when they hit the market!

Our team has a great investment opportunity coming up in the Fox Run Northglenn Townhomes complex, and we wanted to let you know about it here first!

This is large, two bedroom townhome with over 1,225 square feet and an attached 1 car garage. The unit comes with all appliances and is in great shape.

For you investors, here are the details:

Address: 11129 Gaylord St, Northglenn CO 80233

Listing Price: $158,900

HOA: $110/month

Current Lease: 12 months Feb ’14 – Feb ’15

Rent: $1,100/ month

There have been very few opportunities for Northglenn Townhomes for investors lately, so if you are in the market, contact us before this hits the MLS later this week. You can reach our team at 303-726-1874.

With the huge competition for Denver HUD homes, it is rare that we see any home make it past the 10 day bidding window for owner occupants. However, the solitary HUD listing in The Oaks Castle Rock is now accepting daily bids from potential owner occupants.

According to HUD, the home needs about $1,000 worth of work (plumbing repair, wall and paint repair). However, at the list price of $228,000 this is an incredible deal for a 4 bedroom Castle Rock home!

Bids are due each night at midnight. If you are interested in seeing this home, or placing a bid, give one of our HUD licensed agents a call at 303-726-1874 today. With bids being accepted daily, it may be gone tomorrow!

The Oaks Castle Rock:

1501 Live Oak Road Castle Rock, CO 80104  The Oaks  $228,000.00

Beds: 4      Fin Sq Ft: 2061  Baths: 3     Year: 2004  # Of Photos Avail: 25  V-Tour Available: Yes MLS #: 6395678  Status: Active  Listing Office: Re/Max Professionals

Broker Remarks:  Don’t Miss Out On This 4 Bedroom, 3 Bath Townhome In Beautiful Castle Rock! The Spacious Family Room Features A Corner G.. More…

We’ve been writing on this blog for over a year regarding the low inventory of Colorado foreclosures. This morning, numbers were released that quantify just how low the inventory of these Colorado bank owned homes has fallen.

According to an article in today’s Denver Business Journal, foreclosures in February were down over 76% compared to February of last year. This is an enormous reduction in foreclosures and points to one of the biggest struggles investors are having finding properties in the Denver area.

From the Journal:

The number of residential foreclosures in Colorado last month fell by 76.31 percent from a year ago, while the national average was down just 32.71 percent, Inside Real Estate News reports.

The information for the real estate website’s report came from new figures from RealtyTrac, which counted 290 foreclosure sales in the state during February. Colorado was third — behind Vermont and South Dakota — for the largest year-over-year percentage decline in foreclosures.

There are still opportunities for investors looking for Distressed property in Denver, but you need to be working with a team of experts that can help you identify these homes quickly. Give our team a call today at 303-726-1874