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

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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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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