The Brian Petrelli Team Blog

An interesting article in the Denver Post today regarding Denver homes and the real estate market.

For months, we’ve been explaining to clients looking in certain areas and / or price ranges in the Denver metro area, that despite what they read in the news, the market is very tight and the best deals are going under contract quickly. In the past 2 weeks, we have multiple bid situations on at least 4 properties. two of these were Denver Fannie Mae homes, but 2 were standard resale homes.

The article today in the Denver Post does a good job explaining some of the reasons why inventory is so tight:

If you’d like to talk more about inventory, foreclosure, Denver HUD homes or how the inventory (or lack of inventory) impacts you, give us a call at 303-726-1874.

Our team spent most of the weekend showing Littleton foreclosures and HUD homes. As usual, we schedule most of our showings on Friday, however, this HUD home came on the market Saturday so we didn’t have a chance to see it. We did however, want to make sure you all were aware of it as it is a fantastic deal on a house in the Kipling Villas Homes neighborhood.

If you are unfamiliar with the area, Kipling Villas Homes are located between Wadsworth and Kipling just south of Bowles Ave. Found just north of Lilly Gulch Park, this area has homes ranging from the low $100’s to the high $200’s.

The new HUD home at 6239 S Garrison St, is a large 1,900+ square foot home listed at just $185,000. With 4 bedrooms, 3 baths and a great backyard with a covered patio, this home will not last very long. If you’re interested in seeing it, give our team a call at 303-726-1874.

Kipling Villas Homes

HUD Owned Home 6239 s garrison st littleton 80123 $185,000.00

Beds: 4 Fin Sq Ft: 1941 Baths: 3 Year: 1975 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1034288 Listing Office: re/max professionals

Broker Remarks: with 4 beds/2.25 baths, this home has a lot of space to offer. settled in a great community, you are close toeverything … more… Disclosures

Our team can help you with any of the available Littleton Homes for sale. We are extremely experienced in Littleton short sales, foreclosures and standard resale homes. Many of our agents live in this area and we’d love to help you find your next home here. Give us a call at 303-726-1874.

Our team has been busy this week and heading into this weekend, we’ll be showing several buyers some more Littleton foreclosures. We’ve talked about some of these homes in the past, but some of these listings are new HUD homes and we wanted to highlight the best Littleton foreclosures on the market and their surrounding neighborhoods.

The newest HUD home to be released is this 3 bedroom located in Roxborough Village homes. Located at the base of the foothills and away from the city, Roxborough homes offer a secluded lifestyle just 20 minutes from the heart of the Denver area.

This 3 bedroom home is priced incredibly well – even for a HUD home – at just $135,000!

HUD Owned Home 9840 garwood st littleton 80125 $135,000.00

Beds: 3 Fin Sq Ft: 1377 Baths: 2 Year: 1986 Acres:0.09 # of Photos Avail: 5 V-tour Available: No MLS #: 1031130 Listing Office: aspen real estate

Broker Remarks: what a fantastic opportunity to own this ranch style home with a 3 bedroom, 2 bath, 2 car garage in a quiet neighborhood… more… Disclosures

One more in Roxborough Village. This home is HUGE with over 3,600 square feet!

HUD Owned Home 9957 fairwood st littleton 80125 $165,337.00

Beds: 3 Fin Sq Ft: 3612 Baths: 2 Year: 1998 Acres:0.25 # of Photos Avail: 1 V-tour Available: No MLS #: 962616 Listing Office: mb denver colorado realty

Broker Remarks: price reduced*littleton single family 2 story beautiful, tons of natural light, awesome panoramic views, huge spacious 3… more… Disclosures

Finally I wanted to showcase a HUD home in Powderhorn. the neighborhood of Powderhorn Littleton Homes is located between Simms and Kipling just north of Coal Mine ave. This is a fantastic location in the middle of Littleton and offers easy access to everything Denver and the foothills have to offer. HUD listed this 3,300+ square foot home a while back, but at this low price, it’s a great deal:

HUD Owned Home 6468 s parfet way littleton 80127 $283,500.00

Beds: 5 Fin Sq Ft: 3329 Baths: 4 Year: 1985 Acres:0.17 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1033164 Listing Office: alpine real estate

Broker Remarks: wow!huge beautiful home in woodbury/powderhorn!finished walkout basement!5 bedrooms, main floor study!large family room … more… Disclosures

If you are interested in seeing any of these Littleton foreclosures or would like information on any other Littleton homes for sale, give our team a call at 303-726-1874.

There has been a big demand for Littleton Townhomes this month. Our team has already put 2 under contract in September.

One of the most popular areas for Littleton townhomes under $150,000 is the Dutch Ridge Townhomes neighborhood. This complex is located just south of Coal Mine rd and west of Kipling. It’s an ideal setting surrounded by greenbelts. One of our clients was looking at this complex and decided on a similar complex across the street – Lexington Village Townhomes.

Both of these neighborhoods offer a great location in the south west Littleton area, and the prices are incredibly competitive. HUD just released the following deal in Dutch Ridge for under $99,000! THis one will not last. If you’d like to see it, give us a call at 303-726-1874.

Dutch Ridge Townhomes HUD Listing

HUD Owned Home 9268 w ontario dr littleton 80128 $95,000.00

Beds: 2 Fin Sq Ft: 1073 Baths: 2 Year: 1982 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1032213 Listing Office: re/max professionals

Broker Remarks: hud home sold `as is`-electronic bid only fha case #052-419716. bids for eligible bidders due on/or before 09-11-11 @ 11… more… Disclosures

There are still some great deals on Littleton homes for sale. Several Littleton foreclosures and Denver HUD homes were just released. If you would like more information, give us a call at 303-726-1874.

Located just north of 120th Ave and west of I-25, the Highland Park South Broomfield neighborhood has one of the best locations in Broomfield. With 6 parks and open spaces within walking distance (Broomfield Common Park, Broomfield Community Park, Country Vista Park, Brandywine Park, Ryan Park and Community College open Space), this neighborhood is in strong demand.

Judy Hoffer on our team just listed a great 3 bedroom, 3 bah home in Highland South Park Broomfield. This home is over 1,700 square feet and priced at just $270,000. If you’d like to see this home, give us a call at 303-726-1874 today.

Highland Park South Broomfield

1411 stonehaven ave broomfield 80020 $270,000.00

Beds: 3 Fin Sq Ft: 1709 Baths: 3 Year: 1988 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1032613 Listing Office: mb the brian petrelli team

Broker Remarks: newer furnace,wtr htr,roof,vinyl windows, neutral carpet,tile,jetted tub,redwood deck in private yard, corner lot. fresh… more… Disclosures

Our team can help you with any of the available Broomfield homes for sale. Give our team of experts a call at 303-726-1874 and learn about your options for Broomfield foreclosures, Broomfield short sales and more!

Our team has sold many Roxborough Homes over the years, both in Roxborough Village and the custom homes of Roxborough Park. This is a great area nestled in the foothills just south west of Denver. it offers a secluded area with amazing views and only a 20 minute drive to the heart of Denver.

We have several clients looking in the area now and we were thrilled to see HUD release a 3 bedroom home in Roxborough Village yesterday. This home has over 1,300 square feet and is priced at just $135,000!

Robxborough Homes for Sale:

HUD Owned Home 9840 garwood st littleton 80125 $135,000.00

Beds: 3 Fin Sq Ft: 1377 Baths: 2 Year: 1986 Acres:0.09 # of Photos Avail: 5 V-tour Available: No MLS #: 1031130 Listing Office: aspen real estate

Broker Remarks: what a fantastic opportunity to own this ranch style home with a 3 bedroom, 2 bath, 2 car garage in a quiet neighborhood… more… Disclosures

If you’re interested in this, or any other Littleton homes for sale, give our team a call at 303-726-1874. We can help you with Littleton foreclosures and resale homes. the deal on this foreclosure will not last!

Some good news in the Business Journal on Denver Homes for sale. Home prices in the Denver market have risen for the 3rd consecutive month. If you’ve been paying attention to the news and reports, you will see a very positive (although slow) trend upwards over the past year.

From The Denver Business Journal:

…Denver home prices rose 1.6 percent in June from the previous month, above the 20-city composite growth rate of 1.1 percent.

The monthly price rise in Denver followed May’s 1.4 percent rise and April’s 1.5 percent gain. Before that came 10 straight months of price declines from the previous month.

Nineteen of the 20 cities covered by the Case-Shiller report saw price gains in June from May levels, with Chicago and Minneapolis topping the list at 3.2 percent. Portland, Ore., prices were flat.

The entire artice is worth a read.

Metro Area Home 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 Denver 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

 An informative article today on the USA Today website. It reports on what we’ve been seeing in the market. In an effort to decrease the number of Colorado Bank Owned Homes, many banks are increasing the number of short sales they are approving. Denver short sales are benefiting from this trend.

This help in several ways: 1.) It allows the homeowner to avoid the huge negative financial impact of a foreclosure. 2.) It helps the overall local market by preventing a foreclosure from severely decreasing property values (although a short sale still hurts) and 3.) It usually costs the banks less than going forward with foreclosures proceeding and property maintenance while they market the property for sale.

 From USAToday.com:

Short sales — when lenders allow financially strapped borrowers to sell homes for less than their unpaid mortgage — accounted for 12% of home sales nationwide in the second quarter. That’s up from 10% in the same period last year, says researcher RealtyTrac.

The increases were sharper in some states, including California, Nevada, Michigan, Georgia and Colorado, the data show.

In Colorado, short sales were 17% of all sales in the second quarter, up from 10% a year earlier. In California, they made up 25% of sales, vs. 18%.

If your interested in pursuing a Short Sale – either as a buyer or a seller, give our team of experts a call at 303-726-1874.

Metro Area Short Sales House Searches:
Aurora Short Sale Homes,Arvada Short Sale Homes,Brighton Short Sale Homes,Broomfield Short Sale Homes,Castle Rock Short Sale Homes,Centennial Short Sale Homes,Commerce City Short Sale Homes,Denver Short Sale Homes,Englewood Short Sale Homes,Golden Short Sale Homes,Highlands Ranch Short Sale Homes,Lakewood Short Sale Homes,Littleton Short Sale Homes, Northglenn Short Sale Homes,Parker Short Sale Homes,Thornton Short Sale Homes,Westminster Short Sale Homes

Columbine Hills homes are located in the heart of southwest Littleton just south of Ken Caryl Ave and west of Platte Canyon Rd. This location puts it less than a mile from c-470, 3 miles from Chatfield Stat Park’s entrance and an easy commute to the tech Center and the foothills.

Our team has done a great deal of work in this neighborhood and we were thrilled to see HUD list a new 4 bedroom home in the area yesterday. This 4 bedroom, 3 bath home has over 2,500 square feet, wood floors and is priced incredibly well at $235,000.

If you’re in the market for Littleton homes, make sure you give our team a call at 303-726-1874 to see this home today.

Columbine Hills Homes

HUD Owned Home 7771 s lamar ct littleton 80128 $235,000.00

Beds: 4 Fin Sq Ft: 2552 Baths: 3 Year: 1977 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1029576 Listing Office: mb cliff johnson realty

Broker Remarks: … more… Disclosures

Our team knows the Littleton housing market intimately. three of our agents in live in Littleton and our team leader is a Littleton native. Give us a call at 303-726-1874 to discuss Littleton foreclosures, resales and Littleton short sales. We can help you make the right choice when buying your next homes.

Our team is always showing buyers homes in the Dakota Station Littleton area. This is a great neighborhood with townhomes and condos available for under $100,000. Most of these units have their own, fenced backyard and many back up to a neighborhood greenbelt or open space.

Dakota Station homes are located just off of Chatfield and east of Kipling. there is lots of shopping within walking distance and c-470 is just a mile away.

This week, we’ll be showing a buyer Littleton townhomes in this neighborhood so we were thrilled when HUD released a new 2 bedroom, 3 bath listing! This home has nearly 1,000 finished sq7uare feet and is priced at only $90,000. At this price, we don’t expect it to last long, so if you’re interested, give our team a call at 303-726-1874 today.

Dakota Station Littleton

HUD Owned Home 9709 w chatfield ave littleton 80128 $90,000.00

Beds: 2 Fin Sq Ft: 990 Baths: 3 Year: 1984 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1027589 Listing Office: re/max professionals

Broker Remarks: great townhome in dakota station! close to shools, shopping and parks, easy access to c-470! two story, wood burning fir… more… Disclosures

Our team can help you with all of the available Littleton homes for sale and Littleton foreclosures. Give us a call today at 303-726-1874 and we’ll help you get started.