The Foundation: A Denver Real Estate Blog by Feaster Realty

Jay Feaster Named In 100 Most Influential Real Estate Agents in Colorado

Jay Feaster, managing broker at Feaster Realty, was recently named in Real Estate Executive Magazine's 100 Most Influential Real Estate Agents in Colorado. Jay and his fellow 2016 award winners were recently honored at Denver’s Master Mind Summit at the Denver Marriott City Center. This annual summit gathers the top-performing real estate agents in the state to share ideas and best practices.

Real Estate Executive Magazine annually recognizes the top 100 real estate agents in each state. The award is based on total sales volume by a team or individual.

Congrats Jay! More importantly, thank you to all of our Feaster Realty clients for making this possible!

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Sunnyside: Denver’s New "It" Neighborhood

Once a little known area, Sunnyside has officially become one of Denver’s hottest neighborhoods. Located next to LoHi and Berkeley and just minutes from downtown, it’s no wonder that Sunnyside is seeing huge interest right now.

The average cost of homes for sale Sunnyside is currently $466,433, a dramatic increase over previous years. We expect this to continue to go up over the next few years, most likely at a higher rate than surrounding areas.  

Sunnyside has always been a great location, but its lack of town center put it at a disadvantage over popular neighboring areas like The Highlands and Berkeley. This all changed recently due to major commercial reinvestment. Zuni St & 44th is quickly becoming an established town center with new popular…

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Jay Feaster Earns Five Star Real Estate and DMAR Excellence Awards!

We are excited and so thankful to announce that Jay Feaster is a 2016 Five Star Real Estate and Denver Metro Association Excellence Awards Winner!  Both of these awards are all thanks to all of YOU and we could not be more grateful.   

About the Awards:

Five Star Real Estate Award - Five Star Professional partners with Denver's 5280 Magazine to recognize a select group of real estate professionals to be featured in their September issue. Real Estate agents are nominated by clients and awarded based on an in-depth research process.  Thousands of consumers are contacted to rate their real estate agent 10 criteria including customer service, market knowledge, negotiation and overall satisfaction. The Five Star Real Estate Awards program is the largest…

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Why Are Denver Home Prices Going Up So Fast?

If you live in the Denver area, you’ve felt the rapid rise in home values. That’s because Denver averaged a 12 percent per year increase from 2013 to 2015. Wondering what’s causing it? Here are the top reasons why Denver home prices are growing so fast.  

1. Supply & Demand - Thousands of people are moving to Denver every week and the housing market simply cannot keep up. According to the DMAR Trends Report, Denver's housing inventory hit a record low of 5,463 active listings this past May. It has come up since then, but it’s still almost 10,000 below our 30-year average.  It also doesn't compare to the 30,457 listings that we saw in 2006. No wonder they call it a seller's market.
2. Rents Are Growing Too - Denver's rent growth is rising at a much…

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Why Are So Many People Moving to Denver?

Denverites are all feeling the squeeze of rapid growth in our beloved Mile High City.  The growth has no foreseeable end, either. The Denver Office of Economic Development places Denver at 2.7MM people, with an expected growth rate of 50% by 2030. While the growth is obvious, the question is WHY? Here’s our top 10 explanations of why so many people are moving to Denver.

1. The Media - Every week or so another national publication puts out an article about how great Denver is.  In fact, the US News & World Report just ranked Denver as the #1 Place to Live.  As locals, we get a sense of pride, but out-of-towners are hearing this message too...and packing their bags to move here as soon as possible.
2. Thriving Economy - Forbes ranked Denver as the #1…

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New Construction in Denver – What Are My Options?

The Denver real estate market has seen an influx of new home builders in response to the shortage of homes for sale in Denver.  As I specialize in new construction in Denver, many of my clients know they want new construction, but don’t understand the different options.  There are now a variety of options for new construction in Denver, most of which fall into three main categories: Custom Homes, New Home Communities (also known as Tract Homes), and Spec Homes.  Like most things in life, all have pros and cons, so it all depends on what is best for you.

I created a breakdown of the differences between them, including the pros and cons.

Custom Homes

Fully Custom Homes are designed and built for an individual. You will never hear the word "No",…

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Denver Real Estate Market is #1!

WE'RE NUMBER ONE....and we're not just talking about the Broncos.  The Denver real estate market wrapped up the year as the #1 real estate market in the country!  Here's some key 2015 Denver Real Estate Statistics from DMAR (Denver Metro Association of Realtors) market trends report.

2015 Denver Real Estate Market Statistics 

• 14% year-over-year increase in home value (home owners - we'd say you are #WINNING)!  
• 65,872 new listings, up 6% year-over-year 
• $363,143 - Average sold price for all Denver residential properties in 2015 
• Top three Denver area counties for homes sold in December 2015: Denver, Arapahoe, and Jefferson

• $20.16 Billion sold volume in 2015 (yes, that's a B!)

2015 New…

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Custom Build Home Tips | Guide to Building a New Mid-Century Modern Home

Mid-century modern is making a huge comeback.  Whether it's an entire mid-century modern home or just furniture, people love this style.  Clean simplicity inspired by nature - what’s not to love? We recently completed a brand new mid-century modern home in Denver for one of my clients and we could not be happier with this custom build home!  Countless real estate agents, neighbors and even builders have asked me about the project so I wanted to create a custom build home guide for mid-century modern home design.  Custom build homes can be an overwhelming thing to take on, but by making informed decisions upfront, you will end up with an amazing home like this in the end!

Mid-Century Modern Home Design - Floor Plans & More
Mid-century modern homes…

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Your Home: Pop the Top or Scrape it and Build a Brand New Home?

Like many cities, Denver is in the midst of an urban revival, resulting in Denver's huge uptick in brand new construction homes and pop top homes. As a Denver real estate agent that specializes in this, I often field questions regarding scraping and building a new home or popping the top on an existing home.  The answer depends on your priorities, but here a few helpful things to make an informed decision.

Why Pop the Top of a House?

As I see it, the biggest advantage of popping the top of an existing home, is the fact that it allows you to keep part of that home. This is a huge positive for home buyers that love homes with historic charm, but want a larger or more up-to-date version of a home with history.  Building restrictions in historic…

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