The Brian Petrelli Team Blog

We just received a notification from the new construction office at Backcountry in Highlands Ranch that they have a fantastic 3,600+ square foot home complete and ready for immediate delivery.

Backcountry is one of the most sought after neighborhoods for higher end Highlands Ranch homes, and this is gorgeous home. We’ve posted the details below. If you have been waiting for a home in this neighborhood, give us a call today and we can get you out to see it immediately.

Back Country Home Available:

10652 manor stone drive highlands ranch, CO 80126        Backcountry $739,900.00

Beds: 4      Fin Sq Ft: 3637 Baths: 5     Year: 2013 # of Photos Avail: 25 V-tour Available:  No MLS #: 1243107 Status: Active Listing Office: shea homes

Broker Remarks:  available october 2013 – this home features 4-bedrooms, 4-1/2 bathrooms, a fantastic kitchen with island, large morning … more…

More details:

• Fantastic kitchen with island, large morning room, breakfast bar, walk-in pantry, and homework station

• Great room with fireplace and volume ceiling

• Main-floor den and formal dining room with butler’s pantry

• Convenient second-level laundry room

• Covered outdoor dining terrace

• 3-car garage with a 1-car side-load garage

• Hickory/tobacco brown hardwood flooring on the main-floor

• Tile flooring in the bathrooms and laundry

• Slab granite countertops in the kitchen and secondary bathrooms

• Slab marble countertops in the master bath

• Stainless steel kitchen appliances including a gas cooktop and double oven

• Cardell cherry ebony cabinetry

We are excited to announce our team’s latest listing, presented by Shelbi Harris. This great brick home is located in the sought after Bellvue neighborhood in Denver just minutes from downtown and sits on a HUGE corner lot.

With a finished basement, this home offers nearly 2,400 finished square feet, four bedrooms, two baths, and a gorgeous kitchen (Granite counters, stainless steel appliances, 42-inch maple cabinets, gas stove). Outside the home boasts a covered patio, a 2 car dettached garage and so much more.

This home will not last long. Denver homes in this neighborhood move quickly, so if you’d like to schedule a private showing before it’s gone, call our team at 303-726-1874.

Bellvue Denver Home:

1395 birch street denver, CO 80220 Bellevue        $419,000.00

Beds: 4      Fin Sq Ft: 2380 Baths: 2     Year: 1949 # of Photos Avail: 23 V-tour Available:  Yes MLS #: 1244060 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks:        must see this brick beauty!! family home just minutes from downtown great neighborhood home has 4bed 2ba bright and open floorplan with fully finished bsmt on a huge corner lot custom gourmet kitchen 42in maple cabinets goregous granite countertops all kitchen-aid stainless steel appl equipped with gas stove. large windows real wood floors and enclosed master bed with ensuite covered patio fenced in yard oversized 2-car detached garage this also  … more…

For the fourth consecutive month, Denver metro home prices reached a record high level. The latest data (for August) shows the greatest year over year monthly increase since the housing bubble burst. This is great news for the Denver housing market, and while the future predictions show a slowdown in price increases, prices are still forecast to rise.

From The Denver Business Journal:

Denver’s Case-Shiller price index for August was 146.95, meaning that local home resale prices averaged 46.95 percent higher than they were in the benchmark month of January 2000.

The Mile High City’s price index has been breaking records each month since May. The previous high was 140.28, set in August 2006.

Denver so far this year has seen year-over-year price gains of 9 percent or more every month through August, according to the monthly real estate report series. (See the table at the end of this article for price trends back to 2010.)

In even better news for our market, Denver was one of only two major cities to surpass their pre-recession high price levels (Dallas was the other).

As we begin to head into the holiday, it will be interesting to see what happens to the market inventory and demand. Typically, this time of year demand tends to slow, so now may be the best time in months if you are looking to purchase a home.

Again, numbers are very area specific, so give us a call and we can run numbers for your specific area of interest.

Finally, Denver foreclosures and Denver short sales tend to slow down in November and December. Banks tend to show more empathy during the holidays. Because of this, if you are looking at foreclosures / short sales, be prepared to see a even lower inventory level through December.

The activity for HUD homes in the Denver area has been very slow. In fact, there are currently only 25 active single family homes listed by HUD on the market in the entire Metro Denver area. This weekend, HUD announced a new listing in the Castlewood Ranch area, and it got our team’s attention.

This is a 3 bedroom, 3 bath home with nearly 3,000 finished square feet. The home sits on a large cornered lot, has a five piece bath, a finished basement with a large living area, bedroom and even a sauna. There are 15 pictures of this home on our website, so check them out. This is a great opportunity in Castle Rock!

Castlewood Ranch Foreclosure:

HUD Owned Home 6528 turnstone avenue castle rock CO 80104 $260,000.00

Beds: 3      Fin Sq Ft: 2978 Baths: 3     Year: 2004 Acres:0.29 # of Photos Avail: 15 V-tour Available:  No MLS #: 1242703 Status: Active Listing Office: elist realty llc

Broker Remarks:  light and bright 2 bedroom 2 bath ranch home on large corner lot in quiet community. property has an open eat-in kitchen… more…

As with HUD homes in general, Castle Rock foreclosures have been scarce for several months. If you are in the market, make sure our agents know what you are looking for so we can set you up on a daily email alert so you don’t miss the new foreclosures when they hit the market. The best deals go fast, so make sure you see them first!

Located east of I-25 and just south of 100th Ave, Harvest Ridge Thornton is a popular area in the north metro community. HUD has just listed a great deal on a three bedroom home in this neighborhood and it’s worth discussing here.

Priced at well under $200,000, this is a rare opportunity on a Thornton Foreclosure. With three bedrooms, 2 baths and nearly a quarter acre lot on a cul-de-sac this 1,372 square foot home is going to attract a lot of attention from first time homebuyers.

We’ve seen very few opportunities for Thornton homes priced below $200,000 and this home offers a great opportunity for a buyer willing to put in a little work. If you’re interested in learning more about this home or would like the detailed HUD inspection reports, give us a call and one of our HUD approved agents can help you out.

Harvest Ridge Thornton:

HUD Owned Home 2207 e 97th cir thornton 80229 $184,000.00

Beds: 3      Fin Sq Ft: 1372 Baths: 2     Year: 1997 Acres:0.20 # of Photos Avail: 20 V-tour Available:  No MLS #: 1240805 Status: Active Listing Office: keller williams dtc

Broker Remarks:  huge lot!*quiet cul-de-sac*great room*front room can be formal living or dinning area*master suite with walk-in closet*c… more…

HUD homes in Denver are bid on differently than any other foreclosure or hoe for sale. Placing a bid requires using an agent registered and approved by HUD. Our team can help you through this process. For more information, give us a call at 303-726-1874.

Finding Highlands Ranch Townhomes for sale has been very difficult over the past 9 months. Even more difficult is finding a unti that is listed as a Highlands ranch foreclosure. This week, HUD released a fantastic find for anyone looking at townhomes in the area and we wanted to make sure and bring attention to it here.

Located in the highly popular Carlyle Park Townhomes neighborhood, this is a two bedroom, two bath carriage house style townhome with an attached 1 car garage and a covered balcony. This units rarely come up and its even more rare when they are a foreclosure opportunity.

This home has 6 more days under the guidelines for bidding on Denver HUD homes, so if you would like more information on this home, call us soon. We can explain the entire process to you and help you make an informed bid.

Highlands Ranch Foreclosures:

HUD Owned Home 9453 carlyle park plhighlands ranch 80129 $168,000.00

Beds: 2      Fin Sq Ft: 999 Baths: 2     Year: 1999 # of Photos Avail: 10 V-tour Available:  No MLS #: 1239723 Status: Active Listing Office: envision it sold, inc

Broker Remarks:  spacious townhouse, hardwood floors in kitchen, fireplace, vaulted ceilings, balcony, attached 1 car garage, double sink… more…

Carlyle Park is located on the south west corner of Lucent and Highlands ranch Pkwy. It is within walking distance of many shops and is close to the Highlands Ranch Library and several parks. This complex has it’s own pool and clubhouse and also allows access to all of the Highlands ranch Community Rec Centers.

There is only one HUD home listed by Littleton currently on the market. Located in the popular Williamsburg Littleton neighborhood, this is a great opportunity for anyone considering a Littleton foreclosure.

The home boasts 1,600 finished square feet (plus an addition not listed in the square footage), three bedrooms, two baths and a good sized backyard. Priced at just $90,000, tith a little work and TLC this home could be a great opportunity!

Littleton homes in this area offer great access to nearby shopping, c-470, Chatfield State Park and several smaller parks within walking distance. Southwest Littleton is a fantastic are to call home and listings in this prcie range move quickly, so contact us today if you would like to take a look at this rare find.

Littleton Foreclosures:

HUD Owned Home 8066 s flower stlittleton 80128 $190,000.00

Beds: 3      Fin Sq Ft: 1600 Baths: 2     Year: 1981 Acres:0.16 # of Photos Avail: 9 V-tour Available:  No MLS #: 1239765 Status: Active Listing Office: savannah heights realty llc

Broker Remarks:  new hud listing that just came on the market. this home is in an amazing area close to the foothills, kipling and c470 a… more…

As with all Denver HUD homes, this home will be offered for 10 days under open bidding. Owner occupants can place bids through qualified HUD agents during that time and the “best” bid will be selected on the 11th day. For a full description of the bidding process for HUD homes, contact one of our agents today.

Our team is excited to announce a new listing that will be hitting the market this weekend in the Columbine Hills Littleton neighborhood. This home is a gorgeous, 4 bedroom ranch with a finished basement. The home has new carpet, new paint, tile floors in the kitchen in baths, an oversized one car garage and a meticulously maintained, large backyard!

Located in the heart of southwest Littleton just north of Chatfield Reservoir and walking distance to South Platte Park, this home is ideally located to offer easy access to C-470, the foothills and so much more.

The home is scheduled to have a new roof installed this month so all that is left for you to do is move in!

Check out the photos and virtual tours of the home and then call our team to schedule a showing before it is listed in the MLS: 303-726-1874

Some more good news for the Colorado housing market was released this week with details on Colorado foreclosures. According to the latest report from the Colorado Division of Housing, year-over-year foreclosure sales for metro counties in August of 2013 were down 59.7% when compared to August of 2012.

The complete report can be seen here, and details the difference between foreclosure filings and sales and provides charts detailing the incredibly low number of foreclosures compared to years past. a key bit:

During August 2013, foreclosure filings were down, year over year, and foreclosure filings were also down and remained near 7-year lows. Foreclosure sales at auction also remained near 7-year lows.

August 2013 foreclosure filings were down 54.7 percent from August 2012, dropping from 2,287 to 1,037, year over year.

August 2013 foreclosure sales (completed foreclosures) were down compared to August 2012 with a decrease of 59.7 percent, dropping from 1,341 to 541, year over year.

For the first eight months of the year combined, foreclosure filings were down 46.7 percent in 2013 compared to the same period last year. There were 17,197 foreclosure filings during the eight months of 2012 and 9,171 during the same period this year.

Foreclosure auction sales were down 35.0 percent comparing the first eight months of 2013 to the same period last year. There were 8,541 foreclosure sales during the first fivemonths of last year and 5,553 during the same period this year.

These numbers correspond to the numbers we have been seeing in other sources for Denver foreclosures over the past several months. Again, as we are fond of saying, sales for each neighborhood can be different.

For a detailed list on foreclosures for your area, contact us today. There are still some areas that are underwater providing opportunities for buyers looking for Denver short sales as well.

Our team is excited to announce our newest listing in the Club Crest Arvada neighborhood. Locates a block from Standley Lake, this great home is walking distance to several parks, ponds and provides easy access to I-25.

Inside, you’ll find a great two bedroom home (converted from a 3 bedroom to create a large master bedroom) with well over 1,200 finished square feet, a garage with a workshop (including 220 volt outlets) a fireplace and much more. The back yard has an expansive covered patio and a dog run. Priced right at just $220,000, we expect this home to receive lots of activity.

Club Crest Arvada Homes:

If you would like more information on this, or any other Arvada homes, contact us today at 303-726-1874. We have agents in the area that can show you any of the available homes today.