The Brian Petrelli Team Blog

Found at the north end of Parker just south of C-470 and Chambers Rd, Stonegate Parker homes is one of the most sought after neighborhoods in the area. It’s convenient location and easy access to the Tech Center, I-25, C-470 and the Park Meadows area make it a prime locations.

Single family homes in the neighborhood range anywhere from the high $200’s to the high $400’s and vary considerably in size. Late yesterday, HUD released it’s only Parker foreclosure on the market in Stonegate, and it is a fantastic deal.

Priced at just $262,000, this home offers well over 1,600 finished square feet, has a great open floor plan, backs to a walking path and has a large patio in the backyard. Take a look at the photos on our website and you’ll see why this is quite possibly the best deal on a Parker home we have seen in months! 

Stonegate Parker Homes:

HUD Owned Home 16003 Longford Drive Parker 80134    $262,000.00

Beds: 2      Fin Sq Ft: 1657  Baths: 3     Year: 2002  Acres:0.15  # Of Photos Avail: 13  V-Tour Available:  No  MLS #: 8434615  Status: Active  Listing Office: Era Herman Group

Broker Remarks:  Amazing Opportunity. Hud Owned Property # 052-479148, Sold As-Is, 3% Buyer Agent Commission. Exclusive Agency. Great L…More…

As with all Denver HUD homes, investors are not allowed to bid during the first bidding period. Initial bidding will be open for the next 9 days for owner occupants, so if you would like to place a bid, contact one of our agents today at 303-726-1874.

More incredibly positive news for Denver homes came out today. The commerce department released the latest statistics showing that new construction starts in November jumped 23% and hit the highest number since February of 2008 at the begining of the recession.

We’ve been seeing evidence of this as New construction homes in Denver have begun to pick up after over a year of a severely diminished housing inventory. It’s interesting to see the numbers for the rest of the nation following suit.

From DailyFinance.com:

U.S. builders broke ground on homes at the fastest pace in more than five years, strong evidence that the housing recovery is accelerating despite higher mortgage rates.

The Commerce Department said Wednesday that developers began construction on houses and apartments in November at a seasonally adjusted annual rate of 1.09 million. That’s 23 percent more than October’s pace of 889,000 and the fastest since February 2008, just a few months after the recession began.

Construction of single-family homes jumped 21 percent to an annual pace of 727,000, also the highest in more than five years. Apartment construction soared 26 percent to a 354,000 annual pace.

If you are interested in buying a new construction home in Denver, give us a call. New home builders are not required to use the state approved contracts that all other sales use, and you truly need buyer representation on your side. You can reach us at 303-726-1874.

Our team is proud to showcase our newest listing in the Gateway Village homes / Montbello homes area in Denver. This is a great multi-level home with three bedrooms, 2 baths and nearly 1,400 finished square feet – priced at just $189,900.

The home has been recently renovated with newer interior and exterior paint, newer carpet, newer countertops, roof, landscaping and all appliances! Make sure you take a look at all of the photos on our website so you can appreciate just what a value this home is!

Gateway Village / Montbello Homes:

4975 Duluth Court Denver, CO 80239  $189,900.00

Beds: 3      Fin Sq Ft: 1389  Baths: 2     Year: 2000  Acres:0.12  # Of Photos Avail: 10 V-Tour Available:  No  MLS #: 9099673  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks:  Hurry! Hurry! Excellent Condition, Recently Renovated Top To Bottom! Newer Carpet, Paint Inside And Out, Flooring, Count… More…

If you are looking for Denver homes, make sure you contact our team so we can set you up on daily email alerts for new listings. Even in the month of December, homes are moving fast. Contact us today at 303-726-1874.

The Alkire Acres neighborhood is very a very popular area for Littleton homes. Located on the west side of Littleton, this neighborhood offers easy access to C-470, the foothills and everything Littleton is known for.

Late last week, HUD listed this 3 bedroom 3 bath home in Alkire Acres for just $294,000. The home has 1945 square feet above ground a total of 2,281 finished square feet including the basement. Littleton foreclosures are hard to find right now, and this is a rare opportunity in this neighborhood. We expect to see several bidders.

If you are interested in this home, call us today so we can explain how to bid on a HUD home and what you need to do to make sure you are in the best position to win the bid. You can reach us at 303-726-1874.

Alkire Acres Homes:

HUD Owned Home 5763 South Youngfield Street Littleton 80127    $294,000.00

Beds: 3      Fin Sq Ft: 2281  Baths: 3     Year: 1994  Acres:0.1  # Of Photos Avail: 23 V-Tour Available:  No  MLS #: 8282940  Status: Active  Listing Office: Great Way Re Exclusive Properties

Broker Remarks:  Buy Me! What A Perfect Opportunity For This Home! Wonderul Floor Plan And Location!*Vaulted Ceilings*Some Wood Floors*Su… More…

Remember, Denver HUD homes are usually only listed for a 10 day bidding window. After that period, the “best” bid is accepted. You can bid anytime during that period, so don’t wait to call us!

One of the most common questions our team receives from buyers (and often other agents) is “How do you buy a HUD Home?”

The process is vastly different from other types of home purchases and is much different than buying any other type of foreclosure. Bidding is handled differently and only a real estate agent registered and approved with HUD may make a bid.

This point cannot be overstated: Both agents and their office must be registered with HUD and understand the entire process. We receive calls from agents all of the time explaining that their client wants to buy a Denver HUD home but they are not registered with HUD. We are more than happy to help these agents, but if you are a buyer and think that a HUD home might be a possibility, make sure you ask your agent upfront if they can help you.

We have created a 9 Step overview explaining the process. Check it out and feel free to call us with any questions at 303-726-1874.

How To Buy A HUD Home:

The supply of Thornton foreclosures has been much lower this year than in recent years. In fact, when you total all of the active condo, townhome and single family foreclosures in Thornton there are only 15 currently on the market.

One of these homes was just listed yesterday by HUD in Cottonwood Lakes Thornton. This is a large, 4 level home with nearly 2,400 finished square feet, 4 bedroom, 3 baths and a large lot. Price at just $235,000, this is one of the best deals available for buyers looking at Thornton homes.

This home was just placed on the market and will be available for bids for just 9 more days. If you have any interest in viewing this home, give our team a call now at 303-726-1874.

Cottonwood Lakes:

HUD Owned Home 13116 Fillmore Street Thornton 80241    $235,000.00

Beds: 4      Fin Sq Ft: 2377  Baths: 3     Year: 1979  Acres:0.2  # Of Photos Avail: 20 V-Tour Available:  No  MLS #: 2096576  Status: Active  Listing Office: Sellstate Ace Realty

Broker Remarks:  Hud Case #052-366658 All Offers To Be Submitted To Hudhomestore Hud Properties Are Sold “As-Is” Seller And Listing …More…

Another month, another positive report for Denver luxury homes.

The numbers for November are out and Denver experienced another year-over-year gain in total sales for homes priced over $1 million. This November saw 66 homes sold in the category while last year saw 58. This year-over-year increase is consistent with almost every other month this year.

November did see a drop off from October, but it was consistent with the percentage drop-off seen every year for the season.

More From The Denver Business Journal:

Sixty-six homes with a price tag of more than $1 million changed hands in November, down from the 93 transactions in October but up from the 58 sales in November 2012.

Upper-end luxury homes continued to move well, with 13 costing more than $2 million selling in November, compared to nine that sold the same month a year earlier.

Report numbers are culled from multiple listing service data.

Luxury pricing remained flat, both compared to a year ago and a month ago. November’s median sales price for luxury homes stood at $1.325 million. October’s median price was at $1.36 million and November 2012 logged in at $1.34 million.

 The market for luxury homes is a good barometer for Denver homes in general. Even if you’re not in the market personally, it’s always a good idea to watch the high end market for emerging trends.

The number of Parker condos and Townhomes sold this year have already shattered the total number of units sold over the previous 5 years. Through November, the total number of condos and townhomes sold in Parker stands at 295, over50 units higher than the previous record set for all of 2008!

With the sales for December still unreported, it is almost certain we’ll see total of well over 300 units sold for all of 2013. While these numbers are not completely surprising (total numbers for all Denver condos and townhomes are up), this sharp increase is outperforming other Denver area cities. 

The full data is below, however, it is not broken down for each neighborhood. If you would like full data for your complex, give us a call at 303-726-1874 and we can email you the full details today.

Parker Condos and Townhomes 2013:

It is probably no surprise to you that the number of Highlands Ranch condos sold in 2013 is on pace to be the highest number sold in the past 5 years. Last year had shown strong improvment over previous years, and we see that trend continuing in 2013.

There was a slight decrease this November as condo sales were down about 50% from last November. Over the past 5 years, we’ve seen the same pullback in 3 of 5 Novembers, so we’ll continue to watch to see how December shakes out.

We have listed the full data below. These numbers are for all condo and townhome complexes in Highlands ranch and do not distinguish between complexes. If you would like specific numbers for your neighborhood, give us a call at 303-726-1874.

Several established complexes have shown incredibly high demand / low inventory this year (Canyon Ranch comes to mind) while several new communities (Tresana, Clocktower Condos) have been selling very well.

Highlands Ranch Condos:

Condo Data (Past 5 Years):

Based on information from Metrolist®, Inc. for the period 2008 through 2013 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.

A quick blog post to announce a new listing just released today by HUD in the Lamar Heights neighborhood. Put on the market just a few hours ago, this Arvada foreclosure has 5 bedrooms, 3 baths and over 2,500 finished square feet! With wood floors, a large deck and RV parking in addition to the 2 car attached garage, this home has plenty of space!

As with most Denver HUD homes, this home will be available for bidding for 9 more days. If you would like to learn more about the HUD process and how it compares to buying other Arvada homes and foreclosures, give our team a call at 303-726-1874.

Lamar Heights Arvada Homes:

Arvada HUD  Home 6789 Benton Street Arvada, CO 80003    $198,000.00

Beds: 5      Fin Sq Ft: 2551  Baths: 3     Year: 1972  # Of Photos Avail: 15 V-Tour Available:  Yes MLS #: 4793149  Status: Active  Listing Office: House2home Llc

Broker Remarks: Great Property On Large Lot! Finished Basement W/ Bedroom, Bath & Kitchen. 5 Bedrooms & 3 Baths! Large Deck Off Back. Rv Parking Next To 2 Car Garage. Hud Homes Sold As-Is. Case# 052-376264. Ie: Insured W/Esv…More…