The Brian Petrelli Team Blog

 Some more good news for Denver Luxury Homes this morning. A new report is showing a continued improvement in the sales of Luxury homes across the metro area. These numbers have been slowly trending up all summer and its great news to see the trend continue!

From The Denver Business Journal

More luxury homes sold in the metro Denver area in July, and for a higher median price, than in the same month of 2010, according to a new report from Coldwell Banker Residential Brokerage.

Deals closed on 69 homes, each priced more than $1 million, according to the report, which is culled from Multiple Listing Service data. While that number was up 38 percent from the 50 homes sold in July of 2010, it fell slightly from June’s 71 sold.

The median price rose to $1.39 million, up from July 2010’s price of $1.22. That number also climbed 7 percent from June’s median price of $1.3 million.

Read the entire article.

 If you’d like more information or would like a detailed report on luxury homes in your specific area, gice our team a call at 303-726-1874. 

 Denver Area Luxury Homes Searches:
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

Denver Area Luxury Foreclosure and Luxury HUD House Searches:
Denver Area Luxury Foreclosures, Aurora Luxury Foreclosures, Arvada Luxury Foreclosures, Brighton Luxury Foreclosures, Broomfield Luxury Foreclosures, Castle Rock Luxury Foreclosures, Centennial Luxury Foreclosures, Commerce City Luxury Foreclosures, Denver Luxury Foreclosures, Englewood Luxury Foreclosures, Golden Luxury Foreclosures, Highlands Ranch Luxury Foreclosures, Lakewood Luxury Foreclosures, Littleton Luxury Foreclosures, Northglenn Luxury Foreclosures, Parker Luxury Foreclosures, Thornton Luxury Foreclosures, Westminster Luxury Foreclosures

Our team has been showing a large amount of Aurora homes for sale this month. In fact, we have three homes schduled to close in Aurora in the next two weeks.

The value you can get for your money in Aurora is har to beat. the price per square foot is generally lower than other metro Denver areas and the commute time to Downtown Denver and the Tech Center are comparable to other Denver suburbs.

Our newest addition to the team, Craig Calhoun, has listed a beautiful home in the Andersons Sub Area of Aurora. This is a larger, 5 bedroom home with over 2,400 square feet and is priced at just $125,500!

If you’d like to learn more about this, or any other Aurora Homes for sale, give our team a call at 303-726-1874.

1410 chester st aurora 80010 $125,500.00 est $

Beds: 5 Fin Sq Ft: 2426 Baths: 3 Year: 1945 Acres:0.14 # of Photos Avail: 5 V-tour Available: No MLS #: 983482 Listing Office: mb the brian petrelli team

Broker Remarks: beautiful 5-bedroom 3-bath brick bungalow with nearly 2500 finished square feet! spacious open layout with classic feel,… more… Disclosures

Our team can help you with all of your home buying options in Aurora. We’ve helped two clients this month buy Aurora foreclosures and we can help you with Aurora short sales or bank owned homes as well. Just call us at 303-726-1874.

Over the years, our team has sold many homes in the Sturbridge at Homestead Townhomes neighborhood. This complex is one of the most popular areas in Centennial and offers gorgeous, mature landscaping, fantastic homes and an ideal location.

Yesterday, HUD listed a 2 bedroom, 1,540 square foot unit in Sturbridge. This unit has wood floors, central air, and a loft. Priced at just $177,000 this is a great deal.

In addition to this HUD listing, our team has a absolutely perfect townhome in the Homestead Townhomes neighborhood. This listing is a 3 bedroom, 3 bath home with wood floors, custom paint, a private back porch as well as a covered front porch and much more.

if you’re interested in either of these townhomes, give our team a call at 303-726-1874.

Sturbridge at Homestead Townhomes

HUD Home:

HUD Owned Home 7200 e bentley cir centennial 80112 $177,000.00

Beds: 2 Fin Sq Ft: 1540 Baths: 2 Year: 1983 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1027274 Listing Office: realty executives of aurora

Broker Remarks: great design, two story, full basement, 3 bedrooms, 3 baths, main floor den, 2-car garage, all in a terrific location ov… more… Disclosures

Our Listing:

7059 e briarwood dr centennial, CO 80112 Homestead $209,500.00

Beds: 3 Fin Sq Ft: 1419 Baths: 3 Year: 1983 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1021080 Listing Office: mb the brian petrelli team

Broker Remarks: truly the nicest unit in sturbridge! custom paint, wood floors, private back patio and covered front porch. a/c, large b… more… Disclosures

Our team can help you with any of the Centennial Townhomes on the market. Give us a call today at 303-726-1874 to talk about Centennial foreclosures, short sales or any of the resale homes available.

 Highlands Ranch Foreclosures usually don’t stay on the market long. This is especially true of HUD homes in the area. Last week, 3 HUD homes in Highlands Ranch went under contract bringing the inventory down to one. This week, HUD released one additional HUD home on the east side of Highlands Ranch.

If you are in the market for Highlands Ranch homes, you’ll want to check this one out. It has over 1,900 square feet and is priced at just $230,000. But if you are interested, don’t wait. Give us a call at 303-726-1874 today to set up a showing

 Highlands Ranch Foreclosures

HUD Owned Home 10172 cherryhurst ln highlands ranch 80126 $230,000.00

Beds: 3 Fin Sq Ft: 1952 Baths: 3 Year: 1998 Acres:0.1 # of Photos Avail: 5 V-tour Available: No MLS #: 1026742 Listing Office: elist realty, llc

Broker Remarks: open 3 bedroom, 2.5 bath property with lots of windows and light throughout. home features a large kitchen, partially fi… more… Disclosures

Our main office is located in Highlands Ranch and we can help you with all of the options available; from Highlands Ranch short sales to foreclosures to normal resale homes. Give our team of experts a call at 303-726-1874 and let us guide you through all of the available Highlands Ranch homes for sale.

Canyon Ranch Highlands Ranch is one of the most popular condo complexes in the Highlands Ranch Area. It’s one of the most affordable neighborhoods (2 bedrooms start in the low $100’s) and the complex itself is a great place to live.

While it has its own private pool, hot tub, clubhouse and workout room, the complex also falls into the Highlands ranch Community Association, giving residents access to all of the rec center, pools, tennis courts and more that the association has to offer.

HUD just released a new listing in Canyon Ranch Highlands Ranch this weekend. It’s a 2 bedroom unit on the second floor with vaulted ceilings, full size washer and dryer and a garage. This home is priced at an unbelievably low list price of $110,000!

In addition to this home, our team also has a resale home in pristine condition with a garage offered at just $127,900. information on both of these Highlands Ranch condos are below, but if you’d like to see either of them, give our team a call at 303-726-1874.

Canyon Ranch Highlands Ranch

HUD:

HUD Owned Home 3701 cactus creek ct highlands ranch 80126 $110,000.00

Beds: 2 Fin Sq Ft: 1077 Baths: 2 Year: 1997 # of Photos Avail: 1 V-tour Available: No MLS #: 1026639 Listing Office: mb denver colorado realty

Broker Remarks: highlands ranch upper level condo 2 bedrooms and 2 baths faces county line, but has high sound barrier that buffers nois… more… Disclosures

Resale:

8425 pebble creek way highlands ranch, CO 80126 $127,900.00

Beds: 2 Fin Sq Ft: 1031 Baths: 2 Year: 1996 # of Photos Avail: 5 V-tour Available: Yes MLS #: 982631 Listing Office: mb the brian petrelli team

Broker Remarks: perfect home on 2nd floor with vaulted ceilings, wood flooring in entry, dining & kitchen. this unit has fireplace and 1… more… Disclosures

We can help you with any of the available Highlands Ranch foreclosures on the market. Give our team a call now at 303-817-0209 and learn about Highlands Ranch short sales, bank owned and all of your options for Highlands Ranch homes for sale.

We’re excited to announce that our Sellers on 9537 Devon Ct in Highlands Ranch just reduced their price to $195,000. This is a single family home that backs to a park, is on a corner lot, has new A/C, new windows, a tank less hot water heater and so much more! If you’re looking at Highlands Ranch homes, you will not find a deal like this anywhere!

If you’re interested in seeing this home, give our team a call at 303-726-184. Our office is a mile away from this home so we can meet you there anytime you’d like.

9537 Devon ct highlands ranch 80126 $195,000.00

Beds: 2 Fin Sq Ft: 1170 Baths: 2 Year: 1986 Acres:0.08 # of Photos Avail: 5 V-tour Available: Yes MLS #: 978857 Listing Office: mb the brian petrelli team

Broker Remarks: price reduced! wow. great home backs to park and a corner lot! new everything: new windows, new a/c, new tankless water … more… Disclosures

If you’re in the market for Highlands Ranch homes for sale and would like to talk about all of your options and the many low and zero down mortgages in Colorado, give our team a call at 303-726-1874.

Some more good news for the Denver housing market today. A state report released this morning shows that Colorado foreclosures not only fell, but they hit their second lowest quarterly total since 2007.

Here’s the key information from the Denver Business Journal:

Public trustees reported 7,233 foreclosure filings in the second quarter with 5,333 sales at auction being completed. Both numbers are down from the same period in 2010, when there were 10,233 filings and 5,887 homes sold, according to the Colorado Division of Housing 2Q Foreclosure Report.

That’s the second-lowest quarterly total since 2007, according to the report.

The numbers also fell from the first quarter, when there 8,115 filings and 5,600 sales, drops of 10.9 percent and 4.8 percent, respectively.

This news is a continuation of other data we have reported here. The Denver housing market is definitely improving – slowly.

One of the contributing factors to this improvement is the incredibly low vacancy rates and the resulting high rental fees. This is prompting many would be renters to consider owning a home; not primarily for investment purposes, but simply to keep their monthly payments lower.

If you’d like to talk more about Denver foreclosures or the market in general, give our team a call at 303-726-1874.

Metro Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes

It looks like some Freddie Mac, HUD and Fannie Mae homes may be converted to rentals in an effort to decrease the number of foreclosed homes on the market. Thereby Bringing all of the efficiency, low overhead and common sense you’d expect from the Federal government into the rental market.

What could possibly go wrong if the government ran one more piece of the housing market?

From the Denver Business Journal:

The Wall Street Journal reports that Fannie Mae, Freddie Mac and the Federal Housing Administration owned a combined 250,000 foreclosed homes at the end of June, with another 830,000 somewhere in the foreclosure process.

Federal officials will seek proposals from investors on how to move such properties onto the rental market rather than selling them at a discount and pushing down home prices, the Journal said.

We’ll see how far this idea gets.

If you’re interested in learning more about Denver HUD homes, Fannie Mae or Freddie Mac programs, give our team a call at 303-726-1874.

Our team has been writing contracts on a number of Fannie Mae homes in Denver this past month and we felt it worthwhile to discuss both the Fannie Mae Homepath Program and Fannie Mae homes in General.

For starters, many of the Fannie Mae homes we are showing are some of the nicest homes available. Fannie Mae is going into these home before they are listed on the market and replacing the carpet and repainting the entire interior. Many times hot water heaters or other mechanical issues are repaired as well. In addition, Fannie Mae is including a two year home warranty on all of these properties. These are not your typical bank owned homes!

The renovations and improvements are just the beginning. Most of these listings qualify for Homepath Mortgages. These mortgages offer many advantages over conventional and even standard FHA loans.

Some of the benefits include:

• Low down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
• No appraisal is required by the lender. THis saves hundreds off of your closing costs.
• No mortgage insurance (check with the lender for your specific property and mortgage terms). 
• Expanded seller contributions for closing costs allowed.
• Available for primary residences, second homes and investment properties.
• Many condo project requirements are waived; ask the lender for details.

• These are just some of the benefits to these loan programs. Make sure you give us a call at 303-817-0209 to get all of the details.

  In general, we’re seeing that Fannie Mae homes in Denver are nicer and are offering better financing than Denver HUD homes or other lender owned houses.

  If you’d like more information, give us a call at 303-817-0209.

   

   

   

   

   

   

While the Acres Green homes neighborhood is technically located in Littleton, most people think of it as being part of either Lone Tree or Highlands Ranch homes. This popular neighborhood is located just south of County Line Rd between Quebec and Yosemite. This location puts it within easy access of both C-470 and I-25 and minutes from the heart of DTC.

HUD has just released a new listing in Acres Green. This 4 bedroom, 2 bath home has over 1,800 square feet, granite counters, wood floors and a large backyard. It appears that some remodeling on this home was completed but it still needs a little work. If you’r interested in seeing this aggressively priced home ($194,000) give our team a call at 303-726-1874.

Acres Green Homes

HUD Owned Home 327 helena cir littleton 80124 $194,000.00

Beds: 4 Fin Sq Ft: 1853 Baths: 2 Year: 1973 Acres:0.16 # of Photos Avail: 5 V-tour Available: No MLS #: 1023896 Listing Office: envision it sold, inc

Broker Remarks: great family home. some remodeling complete. granite counters.wood floors. large back yard with patio. needs minor tlc t… more… Disclosures

If you’d like more information on Littleton foreclosures or any other Littleton homes for sale, call our team today at 303-726-1874.