The Brian Petrelli Team Blog

 This is great news from the Denver Business Journal: 

For the sixth month in a row, home prices in the Denver area showed a year-over-year price increase in April, rising 4.4 percent from April 2009, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

Also, local prices rose 1.7 percent in April from March levels.

The increases came during the last month of the federal homebuyer tax credit, which expired April 30 for home sales contracts and is credited with triggering a spring flurry of home purchases in most parts of the country.

Out of 20 U.S. cities covered in the closely-watched report from Standard & Poor‘s, Denver was one of 13 that showed a year-over-year increase in prices in April.

Read more: Denver home prices up 4.4% from 2009, Case-Shiller Index shows – Denver Business Journal

With today’s low mortgage rates, this is truly a unique time for buyers. Home prices are slowlystarting to come back around. Areas like Highlands Ranch and Littleton seem to be doing slightly better.

You can see Homes for sale Highlands Ranch colorado and Homes for sale Littleton colorado on our website.

This is a rare find and a fantastic deal for a Baldwin Park Estates, Castle Rock Home. Homes in Baldwin Park Estates typically sell in the low to mid $200’s. However, this Castle Rock HUD Home was just listed at $185,000!

This house has 3 bedrooms and 1,131 square feet, and at this price, it will go fast. Keep in mind that only owner occupants are allowed to bid until July 4th when the first round of bids close.

Baldwin Park Estates is located at the intersection of Gilbert and Plum Creek, just East of I-25.

You can see the full details on this home by clicking the link below or give us a call at 303-817-0209 to set a private showing.

1208 snowberry ln
castle rock, CO 80104

$185,000.00

 You can see al Castle Rock Homes for Sale Here. Set up email alerts, get full MLS information and more!

We told you about this Centennial HUD Condo last week. This week, HUD has reduced the price down to $87,300!

 This is a one bedroom unit located in Hunters Hill Condos, Centennial. Hunters Hill is located at the Northwest corner of Dry Creek and Quebec and is within walking distance of the new Dry Creek and I-25 light Rail Station. Park Meadows mall is 2 miles south as is c-470.

One bedroom homes in Hunters Hill typical sell for around $100,000, so this is a great deal. Bids are open for both investors and owner occupants.

If you are interested in Centennial Townhomes, we would like to remind you of our listing in Highland View Townhomes, Centennial at 2699 E Nichols, Centennial CO 80122. We have included a link to that home below as well.

For more information on any of these areas or homes, you can reach us at 303-726-1874 or click below for more information.

7318 s xenia
centennial, CO 80112

$87,300.00

 2699 e nichols
centennial, CO 80122
Highland view

$158,900.00 

We almost missed this listing because it was entered as “Littleton” and not “Highlands Ranch.” However, this is indeed a Highlands Ranch HUD home. A rare find.

Located just West of Quebec and South of University, this home is located in Intravest, Highlands Ranch (although most people would simply think of it as Eastridge Highlands Ranch).

Listed at $225,000, you will have a difficult time finding a Highlands Ranch Home with 4 beds and 3 baths for less. This home also has over 1,600 finished square feet.

Bids for owner occupants are due by July 4th at midnight. Give us a call to schedule a showing at 303-817-0209 or click the link belwo for more information.

10481 cheetah winds
littleton 80124

$225,000
Beds: 4      Baths: 3
Fin Sq Ft: 1654     Year: 2000

You can see all Highlands Ranch Homes for Sale here.

We had two new Littleton HUD Homes pop up on our system this week.

The first home is located at 11162 Powers Pl in Foothills Green, Littleton.

Just North East of Simms and Bowles, this Littleton Home is priced at $168,000, has two beds, two baths and is priced at $168,000. This home is an amazing deal providing more than 1,500 square feet.

The location of Foothills Green gives you easy access to C-470, the foothills and Chatfield Reservoir. This home will not last long at this listing price.

You can see the full details at this link:

11162 w powers pl
littleton, CO 80127

You can see all Homes for Sale Littleton Colorado here.

There is an article in the Denver Post today titled: “Record-low mortgage rates boon for housing”. the headline itself is deceiving since the article goes on to explain that the “boon” is really only for higher end housing.

While deceiving, the article has a good point. With rates well below 5% for a 30 year fixed mortgage (Jumbos are near 5.75%), many High End buyers are seeing the value in buying even in a depressed market. The savings on a high end home can be huge. Using a $800,000 home as an example, a 1% increase in rates can mean buying now gives you the same mortgage payment as if you purchased a $700,000 home.  

We’re seeing many of our clients who had put off looking in neighborhoods like Backcountry, Highlands Ranch and Falcon Hills, Highlands Ranch begin to realize that this is an amazing opportunity.

If you’re in this group, don’t let this chance pass you by. You can see all Highlands Ranch Homes for Sale here, or you can call us at 303-817-0209.

Attention Investors! 

Westford Townhomes, Lakewood, CO are located just south of 6th ave and East of Kipling.

This is a great complex with townhomes usually selling in the low to mid $200’s. That’s why this Lakewood Townhome listed at $148,500 is such a great deal for either a homeowner or an investor!

With 2 beds and 2 baths, this townhome has nearly 1,300 finished square feet. Whether you’ve been considering a Lakewood HUD home or not, you should put this home on your list to check out. Use the link below or give us a call at 303-726-1874 to get more information.

 9123 w cedar
lakewood, CO 80226


$148,500.00

It looks like a Short Sale is about to become much, much better than simply walking away from your home. Fannie Mae is ready to start penalizing home owners who use “strategic defaults” (read “walk away”) for up to 7 years.

From the Wall Street Journal:

Fannie Set to Penalize Defaulters

Fannie Mae said Wednesday it would “lock out” borrowers from getting a new loan for seven years if they default on a mortgage they could afford to pay.

The move represents the latest effort by the mortgage industry to prevent a new wave of losses that could result if more borrowers who can afford their monthly payments instead opt to “strategically” default on loans, because they owe far more than their homes are worth.

“Walking away from a mortgage is bad for borrowers and bad for communities, and our approach is meant to deter the disturbing trend toward strategic defaulting,” said Terence Edwards, Fannie’s executive vice president for credit portfolio management.

 Read the entire article.

If you’re looking for Denver Fannie Mae Homes, check out our website. You can also search Denver HUD Homes.

Our team is excited we were able to put this Heather Gardenscondo Under Contract for our seller so fast. This condo had been listed by another agent for over 4 months when the seller called us in frustration. 36 days later, here we are.

Heather Gardens is a fantastic 55+ condo community in Aurora, Colorado. There is no finer Aurora Condo neighborhood that has the facilities that Heather Gardens offers.

We’re still accepting back-ups, so take a look at this great home.

14091 e marina
aurora, CO 80014 

 Our listing in Castlewood Ranch, Castle Rock has just reduced it’s price to $439,000!

This is an amazing home with a gourmet kitchen, cherry cabinets and an unbelievable view of Pike’s Peak! This fantastic house has 4 beds, 4 baths and nearly 3,500 finished square feet.

The Castlewood Ranch neighborhood is located near Ridge and Plum Creek just East of I-25.

 Take a look at one of the finest Castle Rock Homes for Sale by following the link below and taking a virtual tour. Then give us a call. We’d love to tell you more and let you see this home for yourself! 

5486 killen ave
castle rock 80104

$439,000.00