The Foundation: A Denver Real Estate Blog by Feaster Realty

Feaster Realty Awarded 'Neighborhood Favorite' on Nextdoor for 2017!

 It's official, our clients and neighbors are THE  BEST!  Thank you for choosing Feaster Realty as a 'Neighborhood Favorite' for 2017 on Nextdoor.com!  Specifically, this award was based on the TableRock neighborhood in Golden, CO - one of the neighborhoods we specialize in.   WHAT AN HONOR!  

About the Award: The 2017 Neighborhood Favorites were selected by neighbors through a survey that asked them to recommend their favorite local businesses. Only the top 1% of businesses won the Neighborhood Favorite Award.  

About Nextdoor.com: For those of you new to Nextdoor.com, this website/app is a great resource to get to know your neighbors, find local recommendations, post questions, etc.  Best part is that it's hyperlocal, narrowing all the way down to…

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Meet Kevin, Our New Office Manager

We're thrilled to introduce you to Kevin Bloom, our new Office Manager (aka Jack of all Trades, Real Estate Ninja, etc)!  He's pretty awesome.  As many of our clients will be working with him, we wanted to give you the opportunity to get to know him better.  I sat down with Kevin and we spoke about who he is and why he loves real estate.  

Q: Favorite place or thing to do in Denver? 

A: I love to road bike and one of my favorite rides is the Platte River Trail to the Cherry Creek Trail all the way to Cherry Creek Reservoir.  It's a long ride, but it's such a great mix of urban and greenery.  Best part is that you're on a trail the whole time so you never have to worry about traffic.

Q: What are accomplishment are you most proud of? 

A: Hands…

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Cheapest Places for the Denver First Time Home Buyer

Buying a home in Denver and the surrounding area is expensive! With the lack of inventory and the rise in pricing, it can be very hard for a Denver first time home buyer to purchase a home. Although Denver home prices have skyrocketed, there are some areas that can still be affordable for a first time home buyer, but you do have to be ready to strike while the iron’s hot! The current median home value in Denver is $383,200*, but you can still find some great homes priced under $300,000 in these areas:

1. Windsor

In Denver (not to be confused with Windsor, Colorado), this neighborhood is sandwiched between South Quebec Street and South Havana Street, and just North of East Mississippi. Homes in the Windsor neighborhood sit comfortably, surrounded by…

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Moving to Denver? 4 Tips for Buying a Home from a Distance

As Denver-based realtors, we work with countless homebuyers moving to this fast-growing city. If you’re considering relocating and buying a new home in Denver (or any new city), you probably have a lot of questions about the process:

• Will I have to fly to Denver every weekend to look at homes for sale?
• Will I miss out on hot properties?
• Is it even possible to buy without physically being in Denver?

While buying a new home from a distance certainly can be intimidating, by no means is it impossible! Here are four tips to make the process easier, faster, and less stressful for you and your family:

1. Gather information 

If you’re moving to Denver from a different city, the first thing you need to do is educate yourself. Gathering…

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5 Things to Know about a 1031 Exchange

What is a 1031 Exchange? This is a question we hear a lot from our clients that have recently purchased a rental property (or hope to do so in the future). If you’ve ever considered investing in a rental property, the 1031 Exchange should definitely be part of your plan. Here are 5 things to know about a 1031 Exchange:

1. What is a 1031 Exchange? To put it simply, a 1031 Exchange is a section of the tax code that incentivizes the swap of one business or investment asset for another (most often real estate). For our clients, this most often comes in the form of swapping one rental property for another.
2. Why use a 1031 Exchange? To defer taxes, of course! In other words, the IRS lets you change the form of your investment without (or with limited)…

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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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