www.CoFavoriteHouses.com Website Showcasing Denver Foreclosures Hot List

June 3, 2012 - PRLog -- Foreclosures and bank owned homes have become popular properties for Denver home buyers and a local Denver real estate website is now showcasing those on a new "bank owned hot list". The website "CoFavoriteHouses.com" showcases a wide range of foreclosed listings including luxury homes, ranch properties, condomiums, townhomes and
new contruction residential listings.

According to Denver real estate broker and www.Cofavoritehouses.com website owner Gary Baird "home buyers want an easy way to find foreclosed properties and be able to stay updated on new listings coming onto the market. Our new "foreclosed property" section provides daily IDX MLS updates to keep our buyers on top of new listings coming onto the Denver market."

The Denver foreclosure market still includes a large amount of inventory and according to the Trulia database of listings there are currently 2,425 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Denver CO was $426,389 for the week ending May 16, which represents a decrease of 0.8%, or $3,233, compared to the prior week. Popular neighborhoods in Denver include Stapleton and Cherry Creek, with average listing prices of $398,309 and $859,878.

If you are looking for bank owned or foreclosed properties for sale in the Denver Colorado area visit http://www.cofavoritehouses.com and get a list of current list of homes and condominiums for sale.