Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 8, 2021

Happy Mother's Day

 Wishing all you wonderful Moms all the love and happiness you so richly deserve!
Happy Mother's Day

Posted in Awards
May 6, 2021

12 of the Best Rooftops Patios in Denver and Beyond

12 of the Best Rooftops Patios in Denver and Beyond

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As Coloradans, we love altitude. But why limit ourselves to 5,280 feet when we can be a mile high plus 27 floors up on a killer rooftop? With the weather becoming consistently warmer, it’s time to head up—way up—to the best eating and drinking destinations around. These 12 rooftop bars and restaurants are tip-top spots at which to cheers a Rocky Mountain sunset.

54thirty

Starting with Denver’s highest open-air rooftop bar, 54thirty is perched atop the Le Méridien hotel. The 20th floor bar, which is named for its altitude at 5,430 feet, is popular (how could the city’s highest al fresco rooftop bar not be?) so get there early or be ready to wait. The space offers oodles of sun during the day, fire pits on chilly nights, and Instagram cred, well, always.

Drink this: There may be no drink more appropriately named than the #Thatviewthough, a mix of vodka, chamomile tea syrup, lemon, and Denver Beer Co.’s Princess Yum Yum raspberry Kölsch.

Grow & Gather

There’s already a lot going on at Englewood’s Grow & Gather: The former automotive shop now houses a hydroponic farm, urban garden, market, greenhouse, and a restaurant, The Feedery. But one of the best spots to enjoy all that hyper-locally grown produce is on the rooftop, at a table nestled between the greenhouse and grow bed retaining wall. That’s a whole lot of greenery for an industrial stretch of Hampden Avenue. Note: Due to difficulty hiring, the rooftop is closed for the time being, but keep an eye out for a reopening later this summer.

Drink this: Grab an On the Fence kombucha or Middle State Coffee cortado for brunch, or one of the house cocktails made with the Family Jones spirits for happy hour.

Tap Fourteen

Don’t worry beer geeks, there’s a rooftop for you, too. Tap Fourteen offers 70 Colorado draft beers (and more than 50 Colorado-made whiskeys, because whiskey geeks need love, too) on the rooftop of Hayter’s & Co. The south-facing beer garden is downright dripping in sunshine come summer, so bring the SPF.

Drink this: There are a lot of choices, but check out the Tap Fourteen exclusive, Platt Park Peach Guava Snowdance IPA.

Peaks Lounge

If you’re looking for a change in perspective, try the sky-high Peaks Lounge inside the Hyatt Regency at the Colorado Convention Center. A favorite of local sophisticates and out-of-towners alike, this 27th floor enclosed (but well-windowed) bar offers one of the best vantage points in town. Note: Peaks is currently closed but is expected to emerge from its COVID-19 cocoon at the end of May.

Drink this: End your night with city views and the 27th Floor, a decaf coffee liqueur, crème de cocoa, espresso, vodka, and cream cocktail.

The Woods

The Source Hotel’s eighth-floor rooftop bar and restaurant, the Woods, is certainly one of our favorite spots to catch the unbeatable duo that is city skyline and mountain views. The wraparound terrace is our favorite perch, but even indoor tables share the views thanks to massive windowed garage doors. And when they’re flung open on nice days, it’s even better.

Drink this: Frosé all day.

The Golden Mill’s rooftop. Photo by From the Hip Photo

The Golden Mill

When the Golden Mill opened in April, it didn’t just bring west siders more food options, it also added a great rooftop to the Front Range’s already stellar lineup. Boasting views of Table Mountain and the equally iconic Coors Brewery, the rooftop is the best seat in, or should we say on, the house. Besides the very on-trend food (Hot chicken sandwiches! Birria gorditas! Poke!), there’s two self-pour beverage walls serving 50 local craft beers, wines, cocktails, and more.

For complete list visit https://bit.ly/3ewOvgQ

Posted in Around the House
May 5, 2021

SOLD~17045 Wellington Drive, Parker CO

Mark-
We are so excited for you! I know this move was a lot for you but now you are going to have that beautiful ranch home you've always wanted with a great 3 car garage. Thanks for being so on top of everything. It is such a pleasure working with you. Congratulations!!!

Friends,
If you are thinking about listing or buying a home give us a call. We promise to exceed your expectations and we will.
720-515-0248

Posted in Seller Info
May 3, 2021

SOLD~620 111th St. #103 Golden~Keenan Real Estate

Jill-
Congratulations on the sell of your Golden condo. I’m so very excited for you and your new adventures in Montana. I admire your incredible energy in life and the drive you have to not be afraid of change. I wish you all the best Jill. Thank you for choosing us.
Posted in Seller Info
May 1, 2021

Why Waiting to Buy a Home Could Cost You a Small Fortune

Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

To determine if they should buy now or wait another year, they both need to ask two simple questions:

  1. Do I think home values will be higher a year from now?
  2. Do I think mortgage rates will be higher a year from now?

Let’s shed some light on the answers to these questions.

Where will home prices be a year from now?

If you average the most recent projections from the major industry forecasters, the expectation is home prices will increase by 7.7%. Let’s take a house that’s valued today at $325,000 as an example.

If the buyer makes a 10% down payment ($32,500), they’ll end up borrowing $292,500 for their mortgage. Applying the projected rate of home price appreciation, that same house will cost $350,025 next year. With a 10% down payment ($35,003), they’d then have to borrow $315,022.

Therefore, as a result of rising home prices alone, a prospective buyer will have to put down an additional $2,503 and borrow an additional $22,523 just for waiting a year to make their move.

Where will mortgage rates be a year from now?

Today, mortgage rates are hovering around 3%. However, most experts believe they’ll rise as the economy continues to recover. Any increase in the mortgage rate will also increase a purchaser’s cost. Here are the forecasts for the first quarter of 2022 from four major entities:

The projections average out to 3.6% among these four forecasts, a jump up from where they are today.

What does it mean to you if home values and mortgage rates increase?

A buyer will pay a lot more in mortgage payments each month if both of these variables increase. Assuming a buyer purchases a $325,000 home this year with a 30-year fixed-rate loan at 3% after making a 10% down payment, their monthly principal and interest payment would be $1,233.

That same home one year from now could be $350,025, and the mortgage rate could be 3.6% (based on the industry forecasts mentioned above). That monthly principal and interest payment, after putting down 10%, totals $1,432.

The difference in the monthly mortgage payment would be $199. That’s $2,388 more per year and $71,640 over the life of the loan.

Add to that the approximately $25,000 a house with a similar value would build in home equity this year as a result of home price appreciation, and the total net worth increase a purchaser could gain by buying this year is nearly $100,000. That’s a small fortune.

Bottom Line

When asking if they should buy a home, many potential buyers think of the nonfinancial benefits of owning a home. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.

 

 

Posted in Buyer Info
April 20, 2021

Under Contract 3135 Seaside View, Colorado Springs ~Keenan Real Estate

🏡 One of the greatest feelings; when you finally get your buyers under contract in this crazy real estate market. 🏡😊 Please let me know how I can help you in your home search 🏡
Congratulations Janson family, cheers to a smooth closing. Thanks for trusting us with your real estate needs! Bill Keenan and The Keenan Real Estate Crew!!
May be an image of 1 person and text that says '3135 Seaside View, Colorado Springs I 113 UNDER CONTACT BILL KEENAN Keenan Real Estateo" Bill@perfecthouseforyou.com 720-606-3800 9227 E. Lincoln Ave. 200-225 Lone Tree, CO 80124 Please let me know how can help you in your home search'
Posted in Buyer Info
April 18, 2021

Are Interest Rates Expected to Rise Over the Next Year?~Keenan Real Estatate

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.

Danielle Hale, Chief Economist, realtor.com:

Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable.”

Freddie Mac:

We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Below are the most recent mortgage rate forecasts from four top authorities – Freddie Mac, Fannie Mae, the Mortgage Bankers Association (MBA), and NAR:Are Interest Rates Expected to Rise Over the Next Year? | Simplifying The Market

Bottom Line

If you’re planning to buy a home, purchasing before mortgage interest rates rise may help you save significantly over the life of your home loan.



Posted in Buyer Info
April 15, 2021

JUST LISTED-2657 W 118th Ave, Westminster ~Keenan Real Estate

👀💗 JUST LISTED 👀💗 This place is awesome and in a great cul-de-sac location.
►►Main Floor Master◄◄
😍 🏡 # Finished Basement ►► 6 Bedrooms & 4 Bath 👠👚👘
For more info visit: https://s.ripl.com/8lmh1e
Posted in Seller Info
April 12, 2021

Who needs to sell or buy a home? Call Keenan Real Estate

Who's next? We deliver results with our expert marketing and negotiation skills. We can help you too. Give us a call and we'll take it from there. EXPERIENCE MATTERS. 720-515-0248

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Posted in Seller Info
April 11, 2021

Under Contract-17045 Wellington Dr., Parker CO 80134

We listed this home at 475K and it under contract at $555K. We've been selling homes for over 20 years and I'd say we've become very skilled at negotiating contract prices. Feel free to give us a call when you are ready to list your home, we can help you $$$ too. 720-515-0248

May be an image of 1 person and text that says 'UNDER CONTRACT COMI $ 4BED 4 BED $475,000 3 BATH $ 555,000 3,408 SQFT 17045 Wellington Dr Parker, CO 80134 Welcome home to this very nice, spacious home in Clarke Farms. Kimberly Keenan REAL ESTATE BROKER OWNER (M) 303-564-6988 (0)720-515-0248'

 

Posted in Seller Info