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

How Coloradans Can Object Their Property Tax Assessment

If you’re a homeowner in Colorado, you should have recently received your property tax assessment — and if your eyes widened at the assessed value of your home, you’re not alone. For over a decade now, home prices across the state have been increasing, resulting in many Coloradans seeing sharp increases in their home valuations, which directly affect how much they’ll pay in property taxes. This trend is changing though for some Colorado homeowners as certain areas have actually seen a drop in home value.  The good news? You have the right to appeal if you think your home was valued too high.

Here’s how to object to your property tax assessment in Colorado — step by step.

1. Understand Your Home Valuation

Every other May (odd years - e.g. 2025,…

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Radical Hospitality Podcast: Interview with Jay Feaster

The Radical Hospitality Podcast recently interviewed our managing broker, Jay Feaster, to discuss Denver’s rapidly changing real estate market, the evolution of infill homes within the city, and what’s next for custom home building.  Over the past decade or more, Denver's real estate market has arguably evolved more than any other U.S. city.  From the rapid price increases to sizable changes in zoning and regulation from the City of Denver, there's a lot to uncover.  In this interview, Jay shares his depth of knowledge gained from over 15 years in this ever-changing real estate market.  Whether you’re an investor, homebuyer, or just curious about the industry, this interview shares valuable insights on the past, present, and future of Denver’s housing…

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Fed Cut Rates for First Time in 4 Years - How that Affects Your Home Buying Opportunity

Mortgage Rates Going Down

The highly anticipated Fed meeting finally happened today and the news is very promising for homebuyers (and therefore sellers!).  In anticipation of this week's meeting, national mortgage rates had already hit a 19-month low last week of 6.2% on 30-year fixed loans and today's cuts will continue that downward trend (currently 6.15% according to Mortgage News Daily).  In addition, Fed Chairman Jerome Powell implied that there will be future cuts as well.  While the Fed didn't share exact plans, the industry predicts that there will be another 50 basis points worth of cuts this year and an additional 100 basis points in 2025.  Keep in mind that these numbers are not mortgage rates, they just influence where mortgage rates…

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Spotlight on Berkeley: Real Estate Development and Community Impact

The Evolution of Denver’s Berkeley Neighborhood 

Berkeley, a beloved neighborhood located in the northwest part of Denver, has seen transformative real estate development over the past decade or so. This revitalization is not only altering the neighborhood’s architectural landscape but also contributing to the evolution of the community. As the area evolves, it blends its historic charm with modern housing and amenities and remains one of Denver’s most vibrant neighborhoods.

A Fresh Approach to Housing

Due to the city's fairly recent rezoning near the ever-popular Tennyson St, both commercial and residential real estate development in Berkeley continue to thrive.  Notably, the development around Tennyson Street has seen an influx of modern…

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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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