Colorado Foreclosures Down 13.5% - 05/31/12 07:39 AM
RealtyTrac released a report today detailing the decline in the sale of Colorado foreclosures in the first quarter of 2012 compared with the first quarter of 2011. While foreclosures are accounting for 30 percent of all residential home sales in Colorado, that number is down 13.5% from the same time period last year.
From The Denver Business Journal:
Foreclosure-related sales accounted for 30 percent of all residential home sales in Colorado in the first quarter, but foreclosure sales were down 13.5 percent from the first quarter of 2011, according to RealtyTrac’s quarterly foreclosure sales report released Thursday.
The state tallied a … (0 comments)

Denver Homes for Sale: Prices Surge for 3rd Straight Month - 05/30/12 06:58 AM
Even more positive numbers came out yesterday for Denver homes for sale. The latest S&P/Case Shiller Home Prices Index shows Denver with thre consecutive months of year-over-year price gains - this after a year and a half of declines.
From the Denver Business Journal:
For the third straight month, metro Denver posted a year-over-year increase in home prices in March, at a pace that eclipsed all but two of the nation's 20 largest markets, according to the latest S&P/Case-Shiller Home Prices Index.
Denver also saw a bigger month-over-month price gain in March than all but six other markets, seasonally adjusted, according … (1 comments)

Sturbridge Townhomes: Just Listed; 2 Full Price Offers; U/C in 2 Days! - 05/28/12 07:42 PM
We entered our newest listing located in the Sturbridge Townhomes community into the MLS at the end of last week. With the craziness of heading into a holiday weekend, we didn't have time to post it to our blog. Well, this weekend, we received two full price offers and went under contract in just 2 days.
Our Seller is thrilled!
While Sturbridge Townhomes are a very popular neighborhood, this is one of several of our Team's listings this past month that have gone under contract in less than a week. If you are thinking of selling your home this year, give our team a … (0 comments)

Lakewood Homes for Sale: Price Reduced on This Stunning Home w/ Views! - 05/23/12 07:53 AM
If you've been searching the limited market of high end Lakewood homes for sale, pay attention to this! Our Sellers on 2448 S Newcombe have just dropped their price $20,000! This is one of only a few Lakewood luxury homes with unbelievable views that is currently on the market.
Describing this home won't do it justice, you have to at least check out the virtual tours on our website. The views from the upper patio as well as the fully finished walk-out basement are amazing and the inside of this home is gorgeous. Granite, hardwood, vauts, so much more!
Lakewood Homes … (0 comments)

Littleton Foreclosures: Foothills Green Homes - New HUD Listing - 05/21/12 12:43 PM
Oh how the market has changed over the past few months. Littleton foreclosures are moving F A S T ! Our team has been out showing Littleton homes for sale all weekend, and many of the homes on the market are receiving multiple offers and going under contract in a day or two.
HUD just listed this amazing deal on a home in the Foothills Green Homes area of Littleton. Located just north of Bowles and 2 miles east of C-470, this homes needs some work, but has amazing potential for the right buyer. With 3 beds, 3 baths and over … (0 comments)

Colorado Foreclosures: RealtyTrac Numbers Show Improvement - 05/18/12 01:01 PM
Early this week, we posted here about a report from the Colorado Division of Housing showing mixed numbers for Colorado foreclosures in April. Yesterday, RealtyTrac released its report, showing a a slightly more positive number. According to this report, year over year numbers for Colorado foreclosures and related filings have dropped 15.5 %. 
While the reports don't match up, its interesting to see that both sources are showing a continued positive trend for both  foreclosure filings and sales.
From the Denver Business Journal:
The number of Colorado properties with foreclosure filings fell 0.88 percent in April from March and dropped 15.5 … (0 comments)

Denver Condos: Investor Alert! Rented Section 8 Unit for just $47,000! - 05/17/12 08:02 AM
If you're an investor looking at Denver Condos, you better move quick. We just listed this unit in Shadow Wood condos. This condo has been fully rented for years by a long term tenant. It is approved and rented as a Section 8 rental through the county of Denver with a lease rate of $636 a month.
We have already had 4 showings on this home and expect multiple offers. If you are an investor considering Denver foreclosures or other fix-up opportunities, you should really give this unit a look. No fix up, no need to find a tenant, just instant, … (0 comments)

Colorado Foreclosures: Mixed Numbers in April - 05/16/12 04:09 PM
The number of filings and sales of Colorado foreclosures has a huge impact on the market in general. Over the past several months, we've seen a downward trend in both filings and sales. According to a report released today by the Colorado Division of Housing, while the year-over-year numbers are still down (1% decrease compared to the year to date numbers for 2011) foreclosure filings bumped up 7.3 in April when compared with April of 2011.
From the Denver Business Journal:
Foreclosure filings were up 7.3 percent in April from April 2011, while foreclosure auction sales fell 36.2 percent over the … (0 comments)

Denver Luxury Homes: Prices Remain Flat, Sales 'Consistent' - 05/15/12 03:21 PM
No real change for Denver Luxury homes according to a report cited in the Denver Business Journal this afternoon. While sales of luxury homes in the Denver market are up when compared to the same time last year, the month of April showed no real change.
What is important to note in this report is that the available inventory of Denver Luxury homes is down drastically from last year - 48% to be exact. This reduced inventory is keeping prices higher - both month-over-month and year-over-year.
From The Denver Business Journal:
Prices for luxury homes in metro Denver have remained flat, … (0 comments)

Highlands Ranch Homes: Just Listed 4 Bedroom home under $330,000! - 05/14/12 02:22 PM
Our team has been showing Highlands Ranch homes all week. Just this morning we wrote an offer on one of the recently listed Highlands Ranch foreclosures listed by Fannie Mae.
On Friday, Diane Nazminia on our team listed a great four bedroom, 3 bath house in the Eastridge Highlands Ranch area. this amazing home has over $40,000 in upgrades, a stainless steel kitchen with a double oven, a Trex deck and so much more. Take a look at the virtual tours on our website or give our agents a call at 303-726-1874 to see it today.
Highlands Ranch Homes:
Highlands Ranch … (2 comments)

Highlands Ranch Homes: new Foreclosure from HUD - 05/10/12 11:48 AM
Our team is constantly watching for the market for great deals on Highlands Ranch homes. Late yesterday, HUD released one of only 3 Highlands Ranch foreclosures listed as a HUD and eligible for the $100 HUD down payment program.
This new listing is located in the Eastridge Highlands Ranch area just west of Quebec and south of University Blvd. This puts it near the Grand Golf park / Course and close to Eastridge Rec Center. This 3 bedroom home has over 1,600 square feet and is priced at only $255,000.
As with all of the available Highlands ranch foreclosures, we expect … (0 comments)

Colorado Foreclosures: Sales and Filings Down Again - 05/09/12 11:01 AM
In line with all of the statistics we've been seeing on Denver homes for sale, the latest numbers for Colorado foreclosures show a decline in both filings and sales for the first four months of this year when compared to the same time period last year.
While foreclosures are not disappearing, there is a drastically lower number of both Colorado foreclosures and standard homes for sale. Number over the past months have indicated that overall inventory has decreased year-over-year by anywhere from 30-35%. This is causing prices to rise as buyers, especially in the sub $500k category, compete for homes. 
From … (0 comments)

Denver Homes for Sale: Home Prices Increase 3.5% - 05/08/12 09:22 AM
Not to sound like a broken record, but more numbers came out again showing the continued market improvement for Denver homes for sale. These numbers include the sales numbers for Denver distressed properties.
Today's Denver Business Journal has the details:
Home prices in metro Denver continued the climb upwards in March, beating both the state and national numbers, according to the most recent home price index (HPI) report from CoreLogic CoreLogicLatest from The Business JournalsCoreLogic: Louisville home prices fall by 0.1 percentReport: Ohio home prices down 3% in MarchAustin home prices up 4.8% in MarchFollow this company released Tuesday.
In the … (1 comments)

Castle Rock Foreclosures: New HUD Listing in Maher Ranch Castle Rock - 05/07/12 12:31 PM
The inventory of Castle Rock foreclosures has been pretty slim over the past few weeks. In fact, of all of the available Castle Rock homes for sale, only 2 of them are listed by HUD.
The newest HUD offering in Castle Rock was released on Friday of last week. This is a large, 4 bedroom, 4 bath home with over 3,200 finished square feet. It is located in Maher Ranch Castle Rock (East of I-25 and north of Founders Pkwy). This home is in great shape for a foreclosure and is only accepting Owner Occupant bids until June 3rd (no investors … (0 comments)

Denver Homes for Sale: Latest Numbers Released - All Positive - 05/04/12 07:27 AM
Again, we continue to see positive data on Denver homes for sale. Yesterday, Metrolist released it's April Data and in every category, the year-over-year numbers showed strong improvement. In fact, the only number that was down was inventory - part of the reason many of the other numbers (sales price, sold homes and pending contracts) were up.
From the Denver Business Journal:
Metrolist Inc. Metrolist Inc.Latest from The Business JournalsPinnacol’s strategy, ULA’s rockets, Icelandair’s debut in the new DBJMLS adds ‘green’ info, but will it help sell homes?Denver's luxury housing market sees strong MarchFollow this company released its April data Thursday … (0 comments)

Bradbury Ranch Parker: Price Reduced! - 05/03/12 12:54 PM
Bradbury Ranch Parker is one of the most sought after neighborhoods in the Parker area. The Sellers of our Independence Cir listing informed us this week that they wanted to drop the price by $10,000. This makes the price on this unbelievable home just $379,900!
You have to see this home to believe it, but you can start with the virtual tours on our website. This home has everything you could want and more. Six full bedrooms plus an additional office, granite counters, stainless steel appliances vaulted ceilings and more. The basement is fully finished and has an additional full size kitchen … (0 comments)

Great Time to Buy Denver Distressed Properties:Denver Rents Increase Sharply - 05/03/12 09:34 AM
We've been helping many of our investment clients capitalize on the drastic increase in renatl rates across the Denver area. By locating the best deals on Denver Distressed properties (Denver foreclosures and short sales), we helped many investors who have previously targeted fix-and-flip homes, focus instead on buy-and-hold-homes.
By taking advantage of the incredibly low interest rates and the steady increase in rental rates, our investor clients have been realizing a great return on the money and a very positive cash flow. The Denver Business Journal recently ran an article detailing the rental increases and the vacancy rate decreases:
Rents at … (0 comments)

 
Brian Petrelli - MBA, GRI (The Brian Petrelli Team) Rainmaker_large

Brian Petrelli - MBA, GRI

Highlands Ranch, CO

More about me…

The Brian Petrelli Team

Address: 200 W Plaza Dr #130, Highlands Ranch, CO, 80129

Office Phone: (303) 268-8080

Cell Phone: (303) 817-0209

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News for Denver Colorado Homes and the surrounding metro areas. We focus on Bankowned homes, Single Family homes, Condos and Townhomes Residential property. Areas of expertise include: Highlands Ranch, Littleton, Parker, Centennial. Englewood, Roxborough, Aurora, Arvada, Westminster, Thornton and the Denver Tech Center.


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