Denver Real Estate News

5/20/12 BP Newsletter: Pacing Your Investments, Increasing Profits, & Speeding Up New Deal Screenings

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Lakewood Homes for Sale: Price Reduced on This Stunning Home w/ Views!

Wednesday, May 23

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 for Sale:

<table id="houseSearch" class="searchTable" width="600"><tbody><tr><td width="150">2448 s newcombe st
lakewood 80227

$549,900.00 </td><td width="225">Beds: 4 Fin Sq Ft: 4676
Baths: 5 Year: 1999
Acres:0.19

# of Photos Avail: 5
V-tour Available: Yes

MLS #: 1074748
Listing Office:
mb the brian petrelli team </td><td width="225">Broker Remarks: absolutely stunning home with unbelievable views! home sits high on hill, backing to open space with views of the mounta... more...

Disclosures </td></tr></tbody></table>

If you would like more information on this, or any of the other Lakewood Luxury homes, give our team a call at 303-726-1874. the market is really heating up, bu there are still some great deals to be founds. let our team of experts help you!

Littleton Foreclosures: Foothills Green Homes - New HUD Listing

Monday, May 21

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 1,300 square feet, you wont find a single family home in Littleton for anywhere near this price.

Foothills Green Homes:

<table id="houseSearch" class="searchTable" width="600"><tbody><tr><td width="150">HUD Owned Home
10433 w patterson pl
littleton 80127

$145,000.00 </td><td width="225">Beds: 3 Fin Sq Ft: 1352
Baths: 3 Year: 1977
Acres:

# of Photos Avail: 5
V-tour Available: Yes

MLS #: 1094130
Listing Office:
re/max professionals </td><td width="225">Broker Remarks: property may be eligible for fha $100 dollar down payment program! hud home sold `as is`-electronic bid only fha case #0... more...

Disclosures </td></tr></tbody></table>

If you are interested in learning more about Littleton foreclosures, or any of the available Littleton Homes for sale, give our team a call at 303-726-1874. We have extensive experience in the entire south Denver Metro area and can help you find the bests deals available.

In addition, we can help you with all of the listed Denver HUD homes and help you take advantage of the HUD $100 down payment program.

Colorado Foreclosures: RealtyTrac Numbers Show Improvement

Friday, May 18

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 percent from April 2011, according to a monthly report Thursday from RealtyTrac Inc.

The state had 3,709 properties with filings last month, or one out of every 597 housing units statewide, down from the March tally of 3,742 properties, or one in 591 properties, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

RealtyTrac ranked Colorado 11th among the 50 states for its foreclosure filing rate in April, down from 10th in March.

This continues the trend we've been seeing for several months painting a much improved picture for Colorado foreclosures when compared to recent years. In addition, our state tends to be ahead of the nation for both foreclosure recovery and general housing sales.

If you have questions or would like to talk about these numbers, give our team a call at 303-726-1874.

Denver Condos: Investor Alert! Rented Section 8 Unit for just $47,000!

Thursday, May 17

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, positive cash flow.

Denver Condos:

<table id="houseSearch" class="searchTable" width="600"><tbody><tr><td width="150">7665 e eastman ave
denver, CO 80231

$47,000.00 </td><td width="225">Beds: 1 Fin Sq Ft: 714
Baths: 1 Year: 1978

# of Photos Avail: 1
V-tour Available: No

MLS #: 1093214
Listing Office:
mb the brian petrelli team </td><td width="225">Broker Remarks: investors only. section 8 rental with long term tenant leased at $636 a month. easy positive cash flow on this great opp... more...

Disclosures </td></tr></tbody></table>

This is a rare opportunity, and one that savy investors realize does not come along often. If you'd like more information, call our team at 303-726-1874 today before it's gone.

Colorado Foreclosures: Mixed Numbers in April

Wednesday, May 16

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 same period.

For the first four months of the year, both new foreclosure filings and foreclosure auction sales in Colorado metro areas were down when compared with the same period last year.

Foreclosure filings for the first four months of 2012 are down 1 percent from the same period last year, falling to 8,395 from 8,476.

Over the same period, foreclosure auction sales were down 29 percent, dropping to 4,387 from 6,177.

The entire report and article are worth a read. Colorado foreclosures are always a major topic when computing market stats and this report does a good job of explaining the situation.

Again, the numbers for each region, county and city vary, so if you have specific questions on your area, give our team a call at 303-726-1874 and we can run you a custom report.

Denver Luxury Homes: Prices Remain Flat, Sales 'Consistent'

Tuesday, May 15

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, but the overall market for homes priced $1 million and above is healthier and has been showing more activity than at the same point in 2011, according to a report Tuesday based on Metrolist Inc.’s multiple listing service data.

In April, 41 luxury homes and condos closed in metro Denver with a $64.2 million volume for all sales, according to Gary Bauer’s report. Bauer is an independent Littleton-based broker and Metrolist board member.

and:

The average sales price for $1 million-plus homes stood at $1.61 million, up from March’s average of $1.52 million and up 7.3 percent from April 2011.

The market for Denver Luxury homes is an interesting to watch. With a much smaller pool of sales to examine, a slight uptick in Denver Luxury foreclosures can have a significant impact on average prices and sales numbers.

If you would like to talk to our team and learn more about this market or talk about the entire market of Denver homes for sale, give our team a call at 303-726-1874.