Denver Condos and Townhomes

Our team is excited to announce that Suzanna Von Hurst is bringing her vast expertise on Fix and Flip Denver Homes and investment property to our team. Suzanna has been an agent for several years, but even before she obtained her license, she was successfully buying and "flipping" homes across the metro area.

With her experience and knowledge, as well as her industry connections, were thrilled to have her as a resource for both our clients and the other agents in our company.

As many of you in the industry know, "flipping" homes in the Denver area has become much more difficult over the last few years. In the past, most Denver foreclosures could be purchased, refurbished and flipped for at least a small profit. Now the profit margins are tighter and the margin for error is smaller.

 While Fix and Flip Denver Homes can still be profitable, the entire endeavor must be done with the proper planning and the right knowledge. If you're interested in learning more about investing in these types of homes, you owe it to yourself to give Suzanna a call.

Suzanna can be reached at 303-263-3581.

The good news on Denver foreclosures keeps coming. The number of Colorado foreclosures reached the lowest level since 2006. The total number of foreclosures for 2011 show a 25% decline from 2010.

These number continue to correspond with the statistics and housing inventroy we've been seeing over the past year. Inventory number continue to decrease and we're finding the number of Denver HUD homes and foreclosures decreasing at a faster rate than the traditional resales.

From the Denver Business Journal:

Colorado foreclosures in 2011 reached their lowest level since 2006, the state Division of Housing reported Wednesday.

New foreclosure filings in Colorado, which may or may not lead to the auction of a home, last year totaled 31,914, down 25 percent from 2010 levels. Meanwhile, foreclosure sales at auction totaled 19,622 in 2011, down 17 percent.

Both totals were the lowest statewide since 2006, the report said.

While the decrease in foreclosures doesn't mean that things are going to improve overnight, these numbers serve to strengthen a trend we've been seeing for the past year.

As with all real estate, everything is local. If you'd like information on foreclosures in a specific neighborhood or city, give us a call at 303-726-1874. The numbers for Denver foreclosures can vary wildly from neighboring cities and areas.

Highlands Ranch patio homes are always in high demand, yet hard to find. Sometimes the reason is that listings in the MLS are not entered correctly. This is the case with the home HUD just listed on Laurenwood.

While located in one of the most affordable neighborhoods for Highlands Ranch patio homes (The Villages Highlands Ranch), the "Patio / Cluster Home" check box was not checked. So, if you're searching for patio homes in Highlands Ranch, this home would not come up.

This is a great deal ona home this size in this neighborhood. With 3 beds and 3 baths, we expect this PAtio home to sell quickly. If you'd like to see it, give us a call at 303-726-1874.

The Villages Highlands Ranch

HUD Owned Home 1407 laurenwood way highlands ranch 80129 $220,000.00

Beds: 3      Fin Sq Ft: 1619 Baths: 3     Year: 1996 Acres:0.1 # of Photos Avail: 5 V-tour Available:  No MLS #: 1062143 Listing Office: westfall & company marketing

Broker Remarks:  hud owned*sold as is*open floor plan*kitchen has a breakfast bar, oak cabinets, tile counters and hard wood floors*oak h... more... Disclosures

If you'd like to learn more about Highlands Ranch homes for sale or Denver HUD homes, give our team a call at 303-726-1874 today.

We proud to announce that our newest listing in Quail Run Townhomes Aurora CO went under contract in just 7 days. If you're in the market for Aurora Townhomes, STOP listening to the media and reading the stories of the dismal real estate market. Properties are moving quickly because the market inventory is incredibly low!

We have buyers that are getting outbid on Denver HUD homes every week and we can't find suitable resale homes for them either. This is GREAT news for Sellers. If you are thinking of putting your home on the market. Last week, we put two homes under contract in less than a week.

Quail Run Townhomes Aurora CO:

1119 s waco st aurora, CO 80017 $64,900.00 est $

Beds: 2      Fin Sq Ft: 784 Baths: 1     Year: 1984 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1060865 Listing Office: mb the brian petrelli team

Broker Remarks:  fantastic end, ranch unit! vaulted ceilings, private, fenced backyard area with patio. with all all appliances included,... more... Disclosures

If you would like more information on this, or any other available Aurora Townhomes, give our team a call at 303-726-1874. We can help you find the right home for your needs. And again, if you're thinking of selling, call us today to find out how we're selling our listings so quickly!

Our team is excited to announce our newest listing in Quail Run Townhomes Aurora CO. If you're in the market for Aurora Townhomes, make sure you take a look at this great 2 bedroom, 1 bath, ranch style end unit. This home has a fenced in backyard with a deck, vaulted ceilings and all appliances are included!

If you are unfamiliar with Quail Run Townhomes, they are located just off of Mississippi Ave just east of Buckley Rd. Providing easy access to I-225 as well as DIA, this home is in a great location.  Make sure you check out the virtual tours on our website by following the link below.

Quail Run Townhomes Aurora CO:

1119 s waco st aurora, CO 80017 $64,900.00 est $

Beds: 2      Fin Sq Ft: 784 Baths: 1     Year: 1984 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1060865 Listing Office: mb the brian petrelli team

Broker Remarks:  fantastic end, ranch unit! vaulted ceilings, private, fenced backyard area with patio. with all all appliances included,... more... Disclosures

If you would like more information on this, or any other available Aurora Townhomes, give our team a call at 303-726-1874. We can help you find the right home for your needs.

It looks like the shrinking inventory we've been detailing here is beginning to expand into Denver Luxury homes as well. As we've discussed on our blog, the inventory of available homes in the metro Denver area continues to shrink. We've seen it in almost all markets and price points, from Denver HUD homes to Denver luxury foreclosures. But now, it appears that the more standard resale luxury homes are experiencing the same problem.

From the Denver Business Journal:

The number of luxury homes available for sale in metro Denver continues to drop, according to a report analyzing multiple listing service data released Tuesday.

There was an inventory of 566 residential homes available for sale in December, down from 650 available in November, according to the report from independent Littleton broker Gary Bauer using Metrolist Inc. Metrolist Inc.Latest from The Business JournalsReal estate brokers predict healthier 2012 residential marketHome inventory continues to tighten in metro DenverDenver-area luxury home sales up in NovemberFollow this company data. That inventory level marked a steep 35 percent drop from the 875 available in December of 2010.

Those numbers, culled from the 11-county Denver area, did not include condos. A luxury home is defined as having a price tag of $1 million or more.

The reasons for the shrinking inventory is complex, but one of the main reasons is that those sellers who don't have to sell, aren't.

It will remain interesting to watch what this lack of inventory will do to prices, but in areas where we've seen diminished inventory for months (i.e. Denver HUD homes) our clients are being forced to bid above asking price to successfully win bidding wars.

if you're interested in learning more about the markets for Denver luxury homes, Denver luxury foreclosures or just the market in general, give our team a call at 303-726-1874. We can run a market specific report for you so you have the knowledge to make te right decision.

With the low inventory, now may be the right time to sell!

More good news today on Colorado foreclosures and bank owned homes. Realty Track has a report, summed up nicely in The Denver Business Journal, detailing the 28.6% decline in foreclosure filings from 2010 to 2011.

While some of these numbers are a result of some banks facing legal issues and other process delays, it does square up with the lower foreclosure inventories we've been seeing on the market. When you add in some of the incentives that Fannie Mae and Denver HUD homes are offering, the inventory for these foreclosures is only going to diminish further.

From the Denver Business Journal:

Colorado saw a 28.6 percent decline in the number of properties with foreclosure filings in 2011 from the year before, but still had among the 10 highest foreclosure rates in the nation, according to a report Thursday from RealtyTrac Inc. RealtyTrac Inc.Latest from The Business JournalsOregon foreclosures down 40% in 2011Mecklenburg County foreclosure filings rose in December 2011 foreclosures down because of delayed filingsFollow this company

The state had 38,557 properties with filings in 2011, or one out of every 56 housing units statewide, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

As with all real estate statistics, everything is local. The term "Colorado Foreclosures" is a broad term and different areas of the state have been affected in different ways. If you'd like specific stats on an area or neighborhood, give our team a call at 303-726-1874.

Also, these statistics do not include short sales or other Denver distressed properties.

Denver 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

We've been working with several buyers searching for Parker Condos. There have been very few, HUD homes on the market, so we were excited when HUD listed this townhome in Stroh Ranch Townhomes.

If you are unfamiliar with the complex, it is located roughly 2 miles south of Main Street off of Parker rd. These townhomes were built in the late 90's and are a great value for anyone looking in the area. With easy access to C-470 and I-25, these homes offer a great location at a terrific price.

If you'd like to tak a look at this home, or learn more about the HUD $100 down payment program (which this unit qualifies for), give our team a call at 303-726-1874

HUD Owned Home 19440 e mann creek dr parker 80134 $143,000.00	Beds: 2 Fin Sq Ft: 1052 Baths: 2 Year: 1998 # of Photos Avail: 5 V-tour Available: No MLS #: 1054809 Listing Office: mb cliff johnson realty	Broker Remarks: beautiful 2 bed 2 bath townhome with attached garage. like new condition. large master with private bath. hud owned sold... more... Disclosures

Our team can help you with all of the available Parker condos and townhomes. Give us a call today to talk about Parker foreclosures, short sales and standard resales. Remember, all of the active Denver HUD homes qualify for the HUD $100 down payment program and we can help you navigate through it. You can reach us at 303-726-1874.

Some more good news for Denver homes for sale. Data from November of 2011 and 2010 show that home prices rose year over year. Even more importantly, these statistics included Denver distressed properties as well as standard resale homes (Distressed properties included Denver foreclosures and short sales).

This is in stark contrast to the nationwide data which showed a 4.3 percent year over year decline. Just one more reason to tak all the of the news articles you read on a nation housing crisis with a grain of salt. Denver is performing much better than average.

From The Denver Business Journal:

Home prices in the Denver metro area rose in November 2011 from the same month a year earlier, according to the latest Home Price Index report, issued Monday by CoreLogic Inc. CoreLogic Inc.Latest from The Business JournalsMilwaukee-area home sale prices dropped in NovemberCoreLogic: Orlando home prices see small dropAtlanta home prices down 8.2% in NovemberFollow this company

The report said home prices, including distressed sales, in the Denver-Aurora-Broomfield area were up 1 percent year-over-year in November.

Excluding distressed sales, CoreLogic reported a 1.5 percent year-over-year rise in November.

This is just one more indication that the Denver market is slowly improving. We're not seeing big spikes of improvement, but the market for Denver homes for sale has been gradually improving for many months now.

If you'd like to talk about The Denver market, Denver foreclosures or Denver distressed properties, give our team a call at 303-726-1874.

We've had some calls from buyers looking at Littleton Condos wondering if the HUD $100 Down Payment program is only available on Denver HUD homes, or if it is available on all listed HUD homes. The good news is that all listed HUD homes are eligible for this program - regardless of the city. However, if you you are interested in this program, please undrstand that this HUD $100 down payment program is only available to owner-occupants, not investors.

While this program is increasing competition for HUD homes, the are still some great deals on Littleton Foreclosures that qualify for this program. We've posted some of the best deals below, but if you'd like a complete list of Denver HUD homes or would like to speak with our team more about this program, give us a call at 303-726-1874.

Littleton Condos Eligible for the HUD $100 Down Payment Program:

Fantastic price on this large 1,300 Littleton townhome with open basement and 2 car attached garage.

HUD Owned Home 5990 s jellison st littleton 80123 $158,400.00

Beds: 2 Fin Sq Ft: 1337 Baths: 3 Year: 1997 # of Photos Avail: 5 V-tour Available: No MLS #: 1045903 Listing Office: envision it sold, inc

Broker Remarks: great potential. fixer upper, needs work. vaulted ceilings, skylight. plenty of sunlight. wood floors. open basement. ba... more... Disclosures

Great deal on this Condo located in The Crossings Chatfield Condos. 1,100 square feet. Bids due on te 9th of January.

HUD Owned Home 8314 s everett way littleton 80128 $137,000.00

Beds: 1 Fin Sq Ft: 1108 Baths: 2 Year: 1984 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1054570 Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-493003 bid deadline daily @ 11:59 pm. investor offers after 1/9/2... more... Disclosures

As always, if you have questions on Littleton foreclosures or Littleton Condos, give our team a call at 303-726-1874. We're here to help.