Denver CO Foreclosures - Denver Real Estate
Some parts of Denver are seeing higher number of foreclosures than others. Foreclosed homes that are on the market, are referred to as lender owned homes or bank owned homes. These homes foreclosed and the lender bacame the owner of the home hence the name lender owned.
Total number of lender owned homes currently on the market in the nine cities in Southern Denver area is 148. See the breakdown on the chart below.
|
City
|
# |
Price
Low |
Price
High |
Price/sqft
Low |
Price/sqft
High |
Castle Rock
|
37 |
$135,000 |
$2,495,000 |
$98 |
$293 |
| Highlands Ranch |
9 |
$194,800 |
$560,000 |
$115 |
$150 |
| Lone Tree |
4 |
$232,500 |
$581,900 |
$108 |
$169 |
| Parker |
38 |
$137,000 |
$990,000 |
$78 |
$340 |
| Centennial |
19 |
$149,900 |
$725,000 |
$91 |
$153 |
| Englewood |
9 |
$116,000 |
$234,900 |
$68 |
$177 |
| Greenwood Village |
3 |
$280,000 |
$529,900 |
$123 |
$241 |
| Cherry Hills Village |
1 |
$925,000 |
$925,000 |
$194 |
$194 |
| Littleton |
28 |
$134,900 |
$979,900 |
$84 |
$302 |
| Total |
148 |
LOWEST $134,900 |
HIGHEST $2,495,000 |
LOWEST
$68 |
HIGHEST
$340 |
Denver has 324 lender owned homes on the market and Aurora 193.
Buying a foreclosure can mean you got a great deal. However most if not all lender owned homes are sold as-is and repairs that may be needed have to be completed by the buyer. Many homes require some repairs, it may be just cosmetics like replacing the carpet or painting, but sometimes it may be major repairs.
Each home is different and it ultimately is a decision that you, the buyer have to make - is this a good deal for you?
If you would like more information or have questions about the information provided here feel free to contact us at your convenience. If you would like a market report for your specific area or neighborhood please let us know, we'd be happy to put one together for you.
If you are considering selling your home in Denver area we welcome the opportunity to discuss your home and marketing your home with you. See our contact information below.
If you would like to schedule an appointment to view any of the available homes contact us at your convenience.
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| 303.710.2609 Brian Direct |
303.710.5657 Rita Direct |
| Brian@KennaRealEstate.com |
Rita@KennaRealEstate.com |
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*Disclaimer: Data based on information from Metrolist, Inc. on 12/22/2008. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market.Information is deemed reliable but not guaranteed.
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