The Brian Petrelli Team Blog

The Canyon Ranch Highlands Ranch neighborhood has been in particularly high demand over the past year. With well 400 units in the complex, it was common to see 20-30 homes for sale at any time. This week, there are 2 condos available. That means roughly 0.5% of all of the units are available. Crazy.

This week, our team will be adding one more unit to the Highlands Ranch condo maket and we wanted to make you aware of it here before it hits the MLS. This unit will be a 2 bedroom, 2 bath condo on the second floor with vaulted ceilings, an updated kitchen (gas cooktop), updated bath, all appliances, air conditioning and a carport.

The home will be priced at just $165,000 and this will be the only available 2 bedroom in Canyon Ranch. If you would like to see it before we releases it to the general market, contact our team at 303-726-1874.

Canyon Ranch Highlands Ranch Condos:

We have a new listing getting ready to hit the market in the Bradbury Ranch Parker neighborhood and we wanted to spotlight it here first!

This 2,350 Square foot home has 3 bedrooms plus a study, corian counter tops, stainless steel appliances, cherry cabinets, plantation shutters, wood floors and sits on a 1/3 acre, culdesac lot!

There is an oversized 2 car garage, a huge covered patio trex deck with wrought iron and lighting and so much more!

Homes in the Bradbury Ranch area move quickly and the last home in Parker that we listed had 3 offers in 2 days, so if you are interested in learning more about this home, call us today at 303-726-1874!

Bradbury Ranch Parker Home:

About a mile East of I-25 is the Deer Run Thornton neighborhood. This area boasts homes in the mid to high $100’s and is ideally located in the northern Denver area to allow easy access to E-470, I-25 and Highway 76.

There have been very few foreclosures in Thornton over the past several months, we were thrilled when HUD released this new foreclosure this morning. It has over 1,100 square feet, three bedrooms, three baths and is located on a green belt. The backyard has a storage shed and the main level has a fireplace.

This is a rare opportunity to find a Patio home in Thornton and the price is an incredible $151,000!

If you would like more information on this home or would like to learn more about the process involved in buying a Denver HUD home, give our team a call today at 303-726-1874.

Deer Run Thornton Homes:

12461 Eudora Street Thornton, CO 80241  Deer Run  $151,000.00

Beds: 3      Fin Sq Ft: 1101  Baths: 3     Year: 1984  # Of Photos Avail: 21 V-Tour Available:  No  MLS #: 3288022  Status: Active  Listing Office: Diamond Realty

Broker Remarks: Wonderful Hud Owned Attached Patio Home In Perfect Location In Thornton! Close To Schools, Shopping, Parks And Located O.. More…

The Meadows Castle Rock neighborhood is one of the most popular area for Castle Rock homes with buyers in the $200’s-$400’s. There have been very few foreclosures in the area over the past few months and prices continue to rise.

However, this week, HUD has made a foreclosure available in the neighborhood, and it is a great opportunity for anyone searching for Castle Rock homes under $300,000.

This home has 3 bedrooms, 3 baths and well over 2,500 finished square feet plus an unfinished basement. The home has tons of space with large living areas, kitchen and even a walk in pantry.

The Meadows Castle Rock

3738 Dinosaur Street Castle Rock, CO 80109  The Meadows  $250,000.00

Beds: 3      Fin Sq Ft: 2574  Baths: 3     Year: 2006  # Of Photos Avail: 25 V-Tour Available: Yes  MLS #: 9973257  Status: Active  Listing Office: Re/Max Professionals

Broker Remarks:  Wow! So Much Square Footage In This 2-Story Home! Large Rooms Provide Enough Space For Everyone To Stretch Out! The Livi.. More…

This is tremendous opportunity at just $250,000 and we expect to see multiple bidders. If you would like more information on how to buy a Denver HUD home or information on HUD homes in Denver, give our team a call at 303-726-1874 and we can explain the entire process to you.

Our team is proud to announce our newest listing in the Glenn Oaks condos neighborhood in Centennial. This complex is located just south from the popular Streets of Southglenn and is within walking distance of everything buyers are looking for in the Southglenn neighborhood.

The unit itself is a two bedroom, one bath home with 957 square feet. The home is move in ready with new paint, an updated bath and kitchen, newer air conditioning and furnace. The complex has plenty of parking and this unit has its own private carport space.

Glenn Oaks has a great HOA and the clubhouse has an indoor pool. Walk across the street to the outdoor Streets of Southglenn mall and enjoy a movie theater, restaurants, shopping and more.

This condo is a great opportunity at just $124,900 and won’t last long. Call us today for a private showing at 303-726-1874.

Glenn Oaks Condos:

7165 South Gaylord Street Centennial, CO 80122  Glenn Oaks  $124,900.00

Beds: 2      Fin Sq Ft: 957  Baths: 1     Year: 1971  # Of Photos Avail: 21  V-Tour Available:  No  MLS #: 4780833  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks: Location! Location!,1 Block From The Upscale Streets Of Southglenn! Lovely 2 Bedroom, Move-In Ready, New Paint, Updated …More…

Centennial condos are in high demand. If this is an area you are considering, make sure our team knows what you’re looking for so we can notify you of new listings the day they hit the market!

Dry Creek Crossings is a luxury condo complex located at the corner of Dry Creek Road and Yosemite. It is located minutes from the Dry Creek light rail station and is 2 miles from Park Meadows and 3 miles from The Denver Tech Center.

It’s ideal location and its high end amenities made it one of the top new complexes for Englewood condos when it was built 7 years ago. However, during the past few years, there was a lawsuit involving the HOA and the builder. This lawsuit made financing homes in the complex a real challenge and caused the prices to fall.

However, recently, this lawsuit was settled and banks are now able to lend on the neighborhood. As expected, this is causing a resurgence in the complex and prices are starting to rise.

We have compiled a chart of the median sold prices for Dry Creek Crossing below. If you have a unit and would like more details, please give our team a call at 303-726-1874. Now is the best time in years to sell your condo in this complex!

Dry Creek Condos Englewood – Median Sales Prices

 Based on information from Metrolist®, Inc. for the period 2009 through 20014 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.

They don’t come up often, but when they do, HUD listings in Roxborough Village Littleton are a great opportunity! This week, HUD listed a 4 bedroom, 4 bath home with over 2,200 finished square feet – for just $268,000!

This is not your typical HUD home. Features include: Granite counters, wood floors, vaulted ceilings, a family room with a 3-way fireplace and a partially finished basement with one bedroom and additional office.

This is a great deal on this type of home and with the low inventory of Littleton homes, we expect heavy activity on this listing.

Roxborough Littleton Homes:

HUD Owned Home 7427 Red Fox Way Littleton 80125    $268,000.00

Beds: 4      Fin Sq Ft: 2240  Baths: 4     Year: 2001  Acres:0.15  # Of Photos Avail: 18  V-Tour Available: Yes MLS #: 1625791  Status: Active  Listing Office: Sellstate Allpro Realty

Broker Remarks:  This 2-Story Home ‘Main Level’ Features A Living Room, Formal Dining Room, Powder Room, Family Room With 3-Way Fireplace…More…

For more information on homes in Roxborough Park or Roxborough Village, give our team a call at 303-726-1874. We can help you get acquainted with this great area and explain how bidding on Denver HUD homes is done.

The latest market statistics for Denver Homes has been released for January, and once again, the numbers are very positive.

The demand for homes remains high. A close look at the chart below shows that Sold homes have increased 13% year-over-year while homes currently on the market (Active) have only increased 7%. This has resulted in a roughly 2 month supply of homes on the market.

The number of Under Contract homes fell 18% in January compared to last year. This is a figure we will watch closely to see if it is related to a lack of inventory or another cause.

Finally, the number that should really be highlighted here is the Average Sold Price. Prices have climbed 10% from last year. This is great news if you are a current homeowner, but if you have been putting off buying a home, waiting longer can cost you tens of thousands of dollars.

If you are looking at a $200,000 home today and prices continue the current trend, that home will cost you $220,000 next year. Factor in the rising interest rates, and waiting a year could be the worst financial mistake you every make.

Contact our team today to see if buying a home now is right for you: 303-726-1874. There are several grant programs and low down payment programs available in Colorado that can help you get into a home easier than you may think.

You can see our complete February Real Estate Newsletter here.

 January Denver Real Estate Market Stats:

The Inventory of active Denver Luxury Homes has declined drastically over the past 5 years. This decline in available inventory has lead to a rise in prices of those luxury homes that have sold by 14%. We’ve compiled a chart of the active luxury home for the past 5 years below. (Luxury homes are considered homes priced over $1,000,000.)

It’s a volatile market, and with less inventory to choose from, Denver’s luxury buyers are forced to compete with the growing pool of buyers for these homes.

From The Denver Business Journal:

Continued low inventory among metro Denver luxury homes drove prices higher and average days on the market lower, according to report Friday from Kentwood Real Estate.

There were 26 homes with a price tag over $1 million sold in January, down 16 percent from the 31 sold last year. But average prices jumped 14 percent year over year and days on the market plunged almost 50 percent, from 209 days in January 2013 to 108 days last month.

Active Denver Luxury 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.

See All Denver Area Luxury Homes: 
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 

The Park Hill Denver neighborhood is one of the most sought after areas in the city. Walking distance to downtown Denver, 2 golf courses (Park Hill Golf Course and City Park Golf Course), the neighborhood sits between I-70 and Colfax just west of Colorado Blvd.

This area has seen a great deal of remodels and fix and flips and this week, HUD released a home that has enormous potential. This 3 bedroom, 2 bath home has over 2,300 finished square feet, finished basement, formal dining room, sunroom, private backyard and a covered patio.

The home is in need of repairs and remodeling, but offers the perfect opportunity for a 203k mortgage (contact us for details) that will allow you to fix it up to your specifications.

Denver HUD homes are harder and harder to come by, and we expect to see a HUD home in this area move fast. If you are interested in seeing it, contact us today at 303-726-184. Bids are due tomorrow at Midnight.

2844 Dahlia Street Denver, CO 80207 Park Hill  $250,000.00

Beds: 3      Fin Sq Ft: 2323  Baths: 2     Year: 1925  # Of Photos Avail: 12 V-Tour Available:  No  MLS #: 7310936  Status: Active  Listing Office: Elist Realty Llc

Broker Remarks:  Lots Of Potential In This 2 Bedroom 1 Bath Home In Desirable Park Hill Community. Property Has Lots Of Character But Wil.. More…

A reminder that bidding on HUD homes is different than other types of homes. To learn more about how to buy a Denver HUD home, contact our team today.