Interestingly enough, foreclosures in the Denver Metro area under $200,000 are moving fast, with banks pricing their properties to sell quickly, usually at WAY less than market value.  In fact, we are finding that properties end up with multiple offers and a bidding war in the first weekend more often than not lately.  Apparently, the same isn’t true for higher-end properties, which of course have smaller buyer pools and a pickier target market.

According to today’s Rocky Mountain News, there are a ton of homes in the million-plus range that are now listed as foreclosed properties, so if you are in a position to move up the property ladder, now might be as good a time as any to get a great deal on a ton of square feet in a really tony hood.