Denver Condos and Townhomes

If you've spoken to any of our team's agents over the past few months, you know that the biggest problem we're facing isn't Denver foreclosures, short sales or HUD homes. rather, the biggest issue we're dealing with is the lack of inventory; There just aren't enough homes to meet all of our buyer's needs.

If you've been reading the news for the past 3 years, this may come as a shock, but the fact is that many people are holding off selling their homes if they don't have to. This is causing inventory to plummet. And it seems that our anecdotal evidence is finally being reported.

Here's a story from today's Denver business Journal:

The inventory level of metro Denver single-family homes and condominiums continued to fall in December, holding a trend that has grown pronounced in the last couple of months, according to a report Tuesday drawing on Metrolist Inc. data.

The 12,531 homes on the market in December represented a 12 percent drop from November, and a 34 percent drop from December 2010, the report states. That number marked a 24 percent drop from December 2009’s 16,456 homes on the market.

“Prospective home sellers are still sitting on the fence,” said Gary Bauer, an independent, Littleton-based real estate broker and Metrolist analyst.

The continuing decline in inventory started in July and led Bauer to predict last month the level could hit 10,000 soon.

Read the whole article. Here's what I've been saying for months, echoed in the article:

“I do believe that 2012 is going to be better than 2011, but I don’t believe it’s going to be a dramatic rebound,” Bauer said. “There’s going to be steady progress on transactions and prices, but not big increases. Everyone’s going to keep focused on the economy and that’s going to cause several prospective home-buyers to sit on the fence.”

It will be interesting to see how this inventory begins to affect prices. i still maintain our market is rebounding - very slowly.

If you would like to talk about Denver homes for sale, Denver foreclosures or Denver HUD homes, give our team a call at 303-726-1874.

Some good news came out at the end of last week for Denver Homes for sale. An article in the Denver Business Journal reported data from Hanley Wood LLC ranking Denver's housing market 10th out of the nation's top 100 cities.

In the report, the executive director reinforced what we've been saying for a while: The Denver housing market is beggining a slow, gradual recovery.

From The Denver Business Journal:

Denver achieved its ranking because its home values are holding steady, its foreclosed-homes inventory is dwindling, and its economy is stronger than most other markets.

“Denver is at the end of a long valley, but there’s still a slow, gradual recovery ahead,” said Jonathan Smoke, executive director of research for Costa Mesa, Calif.-based Hanley Wood. “The good news is, it’s not getting worse. Denver is right at the point of recovery.”

Our team has seen the demand for Denver foreclosures and Denver HUD homes increase drastically over the past few months. Homes priced correctly are moving very fast and when priced aggressively, are resulting in multiple bid situations.

If you are interested in learning more about Denver Homes for sale or the Denver foreclosure market in general, give our team a call at 303-726-1874. Our experts can help educate you and use our experience to help you find and bid on Denver HUD homes.

An interesting article in the Denver Post today regarding Denver homes and the real estate market.

For months, we've been explaining to clients looking in certain areas and / or price ranges in the Denver metro area, that despite what they read in the news, the market is very tight and the best deals are going under contract quickly. In the past 2 weeks, we have multiple bid situations on at least 4 properties. two of these were Denver Fannie Mae homes, but 2 were standard resale homes.

The article today in the Denver Post does a good job explaining some of the reasons why inventory is so tight:

If you'd like to talk more about inventory, foreclosure, Denver HUD homes or how the inventory (or lack of inventory) impacts you, give us a call at 303-726-1874.

Some good news in the Business Journal on Denver Homes for sale. Home prices in the Denver market have risen for the 3rd consecutive month. If you've been paying attention to the news and reports, you will see a very positive (although slow) trend upwards over the past year.

From The Denver Business Journal:

...Denver home prices rose 1.6 percent in June from the previous month, above the 20-city composite growth rate of 1.1 percent.

The monthly price rise in Denver followed May’s 1.4 percent rise and April’s 1.5 percent gain. Before that came 10 straight months of price declines from the previous month.

Nineteen of the 20 cities covered by the Case-Shiller report saw price gains in June from May levels, with Chicago and Minneapolis topping the list at 3.2 percent. Portland, Ore., prices were flat.

The entire artice is worth a read.

Metro Area Home Searches:
Homes for sale Aurora colorado,Homes for sale Arvada colorado,Homes for sale Brighton colorado,Homes for sale Broomfield colorado,Homes for sale Castle Rock colorado,Homes for sale Centennial colorado,Homes for sale Commcer City colorado,Homes for sale Denver colorado,Homes for sale Englewood colorado,Homes for sale Golden colorado,Homes for sale Highlands Ranch colorado,Homes for sale Lakewood colorado,Homes for sale Littleton colorado Homes for sale Northglenn colorado,Homes for sale Parker colorado,Roxborough Park Homes for Sale,Homes for sale Thornton colorado,Homes for sale Westminster colorado,Denver Area Homes by Zip Code

 An informative article today on the USA Today website. It reports on what we've been seeing in the market. In an effort to decrease the number of Colorado Bank Owned Homes, many banks are increasing the number of short sales they are approving. Denver short sales are benefiting from this trend.

This help in several ways: 1.) It allows the homeowner to avoid the huge negative financial impact of a foreclosure. 2.) It helps the overall local market by preventing a foreclosure from severely decreasing property values (although a short sale still hurts) and 3.) It usually costs the banks less than going forward with foreclosures proceeding and property maintenance while they market the property for sale.

 From USAToday.com:

Short sales — when lenders allow financially strapped borrowers to sell homes for less than their unpaid mortgage — accounted for 12% of home sales nationwide in the second quarter. That's up from 10% in the same period last year, says researcher RealtyTrac.

The increases were sharper in some states, including California, Nevada, Michigan, Georgia and Colorado, the data show.

In Colorado, short sales were 17% of all sales in the second quarter, up from 10% a year earlier. In California, they made up 25% of sales, vs. 18%.

If your interested in pursuing a Short Sale - either as a buyer or a seller, give our team of experts a call at 303-726-1874.

Metro Area Short Sales House Searches:
Aurora Short Sale Homes,Arvada Short Sale Homes,Brighton Short Sale Homes,Broomfield Short Sale Homes,Castle Rock Short Sale Homes,Centennial Short Sale Homes,Commerce City Short Sale Homes,Denver Short Sale Homes,Englewood Short Sale Homes,Golden Short Sale Homes,Highlands Ranch Short Sale Homes,Lakewood Short Sale Homes,Littleton Short Sale Homes, Northglenn Short Sale Homes,Parker Short Sale Homes,Thornton Short Sale Homes,Westminster Short Sale Homes

We've seen a surge in Buyer interest for Denver Patio homes over the last few weeks. Many of our new clients are looking for a lower maintenance living option without the shared walls and common areas typical of a townhome or condo. I'm a big fan of patio homes. I lived in one with my wife for 4 years and thoroughly enjoyed not having to mow my lawn or shovel snow.

HUD recently listed a Patio home located in the Green Valley Ranch Denver  neighborhood. This is a large (1,700 square foot) home with 3 bedrooms, 3 baths and a 2 car garage. This gated community offers some amazing values on low maintenance living.

If you'd like to speak with our team about his or any other Denver homes for sale, give us a call at 303-726-1874.

 Denver Patio Homes

HUD Owned Home 20000 mitchell pl denver 80249 $128,000.00

Beds: 3 Fin Sq Ft: 1753 Baths: 3 Year: 2002 Acres:0.08 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1015451 Listing Office: re/max professionals

Broker Remarks: 20000 mitchell pl. unit#21 - nice two story home with 2 car garage patio home in gated community, mitchell place. locate... more... Disclosures

 There are many communities throughout the metro Denver area offering Patio Home living. We have created instant search pages for all of the major cities and their available patio homes. Check out the links below.

 Denver Area Patio Homes Searches:
Aurora Patio Homes, Arvada Patio Homes, Brighton Patio Homes, Broomfield Patio Homes, Castle Rock Patio Homes, Centennial Patio Homes, Commerce City Patio Homes, Denver Patio Homes, Englewood Patio Homes, Golden Patio Homes, Highlands Ranch Patio Homes, Lakewood Patio Homes, Littleton Patio Homes, Northglenn Patio Homes, Parker Patio Homes, Thornton Patio Homes, Westminster Patio Homes

 Brooks Tower Denver condos are located in the heart of downtown Denver on 15th and Arapahoe. This is a classic Downtown Denver building with a wide range of units in different sizes and models.

HUD just released a listing in this tower and it is offered at an amazing price - just $165,000 for an 838 square foot unit! There are several smaller units in the building selling in the mid $200's, so this unit is not expected to last long!

If you'd like to see this home, or any other Denver HUD homes, give our team a call at 303-726-1874.  

Brooks Tower Denver

1020 15th st denver 80202 $165,000.00 est $

Beds: 1 Fin Sq Ft: 838 Baths: 1 Year: 1967 # of Photos Avail: 0 V-tour Available: No MLS #: 1014769 Listing Office: era herman group

Broker Remarks: hud home sold 'as-is'. case#052-339670. submit offers to hudhomestore.com. large 1 bedroom/1 bath on 31st floor with gre... more... Click Here For Full Details & Pics Disclosures

 Our can help you with all of the available Denver foreclosures and Denver condos on the market. Let our team of experts help you make the most informed choice on your next home. Call us today at 303-726-1874.

It's no secret that Green Valley Ranch has had it's share of foreclosures. This is a large development south west of DIA and the prices on homes in this area can not be beat. If you're in the market or even considering any Denver homes for sale, you have to check out this area and the prices on these homes.

If you'd like more information on the area or any of the homes we have here or on our website, give our team a call at 303-726-1874. We'd love to help you learn more about the area.

Green Valley Ranch Denver Homes

HUD Owned Home 4361 argonne st denver 80249 $119,000.00 est $	Beds: 3 Fin Sq Ft: 1626 Baths: 3 Year: 2002 Acres:0.06 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1007836 Listing Office: keller williams dtc	Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-224424 bid deadline 6/24/11@11:59 pm-daily thereafter. investor o... more...  Disclosures
HUD Owned Home 4588 malta st denver 80249 $120,000.00 est $	Beds: 3 Fin Sq Ft: 1928 Baths: 3 Year: 1986 Acres:0.08 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1008091 Listing Office: sellstate allpro realty	Broker Remarks: charming 2-story home with an open floor plan, covered front porch, backyard deck with nice size yard, 3 beds & 3 baths... more... Disclosures

There are many Denver HUD homes on the market, but it's almost impossible to beat the deals available in Green Valley Ranch. Give us a call and we can educate you on all of the Denver foreclosures on the market and help you make the right choice when you buy your next home: 303-726-1874.

What a busy weekend!

Our team was showing homes up and down the front range this weekend. In all of the hustle, we ran across 2 new Denver HUD homes that just hit the market. Both of these are Denver condos and are priced extremely aggressively for their complexes.

Southmoor Park Denver

The first of these Denver foreclosures is located in Southmoor Park and is a large, 2 bedroom, 3 bath townhome with nearly 1,600 square feet - all for $132,000! These townhomes are located right at Hampden and I-25 and offer a quick drive to both the Tech Center and Downtown Denver.

HUD Owned Home 3540 s hillcrest dr denver 80237 $132,000.00

Beds: 3 Fin Sq Ft: 1562 Baths: 3 Year: 1969 # of Photos Avail: 5 V-tour Available: No MLS #: 1011455 Listing Office: walker realty group, llc

Broker Remarks: lovely 2-story condominium with 2 bedrooms and 3 baths. spacious rooms. deck off of living area. family room/office. all... more... Disclosures

If you'd like to set a time to see this home, give our team a call at 303-726-1874.

Windsor Condos Denver

Located in the heart of LODO, Windsor condos offer everything you could want in a Denver condo. At the corner of 17th and Larimer, these units offer easy access to absolutely everything! This unit will not last long at this price!

HUD Owned Home 1777 larimer st denver 80202 $235,000.00 est $

Beds: 1 Fin Sq Ft: 992 Baths: 1 Year: 1981 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1011609 Listing Office: re/max professionals

Broker Remarks: hud home sold `as is`-electronic bid only fha case #052-331566. bids for eligible bidders due on/or before 07-04-11 @ 11... more... Click Here For Full Details & Pics Disclosures

Our team sells several Denevr HUD homes each month and would love to help you understand the Denver foreclosure market. Just give us a call at 303-726-1874 to talk more about what you need!

Our team members have been showing several clients many of the Denver HUD homes on the market this week. We're still finding that the well priced homes are mover VERYquickly and that the clients that are set up with us on daily email alerts are winning the bidding wars while those that are waiting too long to submit offers are losing out to other buyers.

Today we wanted to highlight several Denver condos that HUD has listed. All of these are priced under $100,000 and have at least 2 bedrooms and over 1,000 square feet.

If you'd like to see these or any of the other Denver HUD homes on the market, give us a call at 303-726-1874.

Denver HUD Homes

 The first unit is in Devonshire Square Condos in Denver just south of 88th Ave (because of it's location so far north, many times these are listed as Thornton condos). This is an amazing deal on a 1,150+ square foot condo! 

HUD Owned Home 2567 rainbow dr denver 80229 $40,500.00 est $

Beds: 2 Fin Sq Ft: 1152 Baths: 2 Year: 1975 # of Photos Avail: 1 V-tour Available: No MLS #: 987053 Listing Office: re/max leaders

Broker Remarks: stellar deal on this clean home witih easy access to freeway and downtown denver. use hud key for showings. hud homes ar... more... Click Here For Full Details & Pics Disclosures

The second unit we wanted to highlight was this 2 bed / 3 bath townhome in Welby Hill Condos. This is a townhome style unit with nearly 1,100 square feet and is priced at an unbelievable price of $58,500! 

8199 welby rd denver 80229 $58,500.00 est

Beds: 2 Fin Sq Ft: 1088 Baths: 3 Year: 1999 # of Photos Avail: 5 V-tour Available: No MLS #: 982869 Listing Office: colorado home real estate

Broker Remarks: fha case #052-380126. hud homes are sold 'as-is' w/ no warranties. ask your agent for details. this is a really unique h... more... Disclosures

 Finally, we found this great deal on a home in Dayton Green Denver Condos. This unit has nearly 1,200 square feet, 2 bedrooms, 2 baths and is priced at $70,000. In this complex, this home will not last very long at this price.

2525 s dayton way denver 80231 $70,000.00

Beds: 2 Fin Sq Ft: 1195 Baths: 2 Year: 1973 # of Photos Avail: 5 V-tour Available: No MLS #: 1008787 Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-361486. bid deadline 6/26/11 @ 11:59 pm-daily thereafter. investo... more... Disclosures

 Our team would love to help you with any of the Denver HUD homes on the market. Give us a call at 303-726-1874 and we can help educate you on the HUD process and the differences between HUD homes and other Denver Foreclosures.