The Foundation: A Denver Real Estate Blog by Feaster Realty - Denver Real Estate Trends

Wait...WHAT Are My Colorado Property Taxes Next Year?!?

If you own a home in Colorado, you've no doubt opened the dreaded new property tax assessment notice.  We all knew this was coming, but it's still a tough pill to swallow!  As real estate agents, we want to make sure our clients understand how these changes will affect them.

We worked with our friends at Land Title to breakdown all things about Colorado's Property Taxes to share with all of you.

When and how much? 

In late April, county assessors mailed out valuation notices based on property values as of June 30, 2022, which also happens to be close to when home values peaked in Colorado.  On average, the increase is expected to be 25% to 27%, and in some counties (including resort markets) they may be as high as 65% or more. 

What are…

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2022 Year-in-Review: Golden's Tablerock Neighborhood Continues to Soar

2022 was another record breaking year for Golden's Tablerock neighborhood.   The highest priced home sold for $2M, a huge increase from last year's most expensive home that sold for $1.545M.  The average sold price also increased quite a bit with this year's average hitting $1.55M.  

Average days on market increased from 2 days to 12 days year over year, but this number is a little skewed as just two homes were listed for quite a long time while the others sold in just 3-6 days.

The change in interest rates throughout 2022 did have an effect on Tablerock's real estate market.  The biggest impact is that homeowners began simply refraining from listing their home towards the end of the year.  In fact, no one has listed a home in Tablerock since mid…

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Mortgage Rates as Unpredictable as Colorado Weather

When I moved to Colorado, I had to get used to checking my weather app daily.  Back in Ohio, I knew that today's weather would probably be just like yesterday's, but, in Colorado, the "If you don't like the weather, just wait 5 minutes," claim was not an exaggeration. 

These recent mortgage rate changes are feeling pretty similar to our state's weather!  We now have to check rates every day if we want to accurately talk about them.  Just today, the average 30-year fixed rate is 5.55% when last week it was 5.13% and last year it was 2.87% (based on 0.8 points average).  As any homeowner knows, those small percentage points can really add up in a monthly payment!  

All this being said, it is good to keep some perspective.  While the current rates are…

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Announcing Enhanced Listings for Feaster Realty Clients!

Exciting news!  We know how important first impressions are - especially in this digital age. We've added some great options to SELL your listing - Virtual 3D Tours, Aerial Videos, HD Professional Photography (including neighborhood & aerial photos), Floor Plans and a Gorgeous Property Website!  Our decision to enhance our listings wasn't just for show.  According to MLS statistics, homes with aerial photos sold 68% faster than homes with standard photos.    

Our most recent listing, showcases all our our new capabilities - take a peak!   This home was under contract in just 7 days, which was 45% faster than other units in the same building this year!  

We truly believe this is the best way to serve our clients, so we've decided to include all of…

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Virtual Showings: Tour Any Home from Your Couch!

Hoping to see a Denver-area home that's listed for sale, but not comfortable going to see it in person?  We totally get it and we'd love to help!  Just contact us to schedule a Virtual Showing.  Let us know which home(s) you are interested in and one of our agents will go to the property at a time that's convenient for you to give you a video tour of the entire home from your phone, iPad or any device that works for you!    

As we all know, Covid-19 has caused nearly every industry to adjust how they do business and the real estate industry is no exception. That being said, we've actually utilized live video tours for many of our out-of-state buyers in the past.  It's truly a fantastic first step in determining whether a house is a good fit for you and…

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Are People Buying and Selling Homes in Colorado Amidst the Covid-19 Craziness?

Many people have asked us what the recent Colorado stay-at-home order means for real estate. We’ve compiled some FAQs to help!

Can people still buy or sell a home in Colorado right now?  In Colorado, Real Estate has been categorized as a “Critical Business”, which allows real estate professionals to continue offering services as long as we all comply with social distancing and safety guidelines mandated by the CDC.

Why is Real Estate a critical business?  Job transfers, sellers with contingent offers on another home, and timely family situations are just a couple of the reasons people need to continue to buy or sell their Colorado home. Our governor and mayors also recognize the huge role real estate plays in our economy and they want to make sure…

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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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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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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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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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