Bank shadow inventory and other foreclosed properties will most likely come on the market although I would be surprised if we see the volume of homes we’ve seen in 2010-2011.

The good news?  Prices can only increase after the distressed inventory is cleared out, and it’s looking like it could start to happen.  Here is a list of all the single family home sales in Stagecoach to date in 2011:

Look at the chart below which includes all the sales and pending sales since January 2011.  Most of the solds were foreclosures, but the more recent pending sales are not.  And if you look at the list-to-sold-price ratio, 6 of the 9 sales were 99% or more of asking price, usually driven by multiple offers.

This chart doesn’t include the townhomes which are now selling for around $70,000.

If you are looking to purchase a single family home in Stagecoach and take advantage of low interest rates, you should look this summer.  I don’t know what the future holds and what other properties may come on as bank-owned, but I wouldn’t doubt if prices for single family homes and townhomes are within a few percentage points of being as low as they are going to get.

See all solds/pendings below.

Stagecoach, CO

The Stagecoach Colorado real estate market has seen a lot of foreclosures and short sales since 2010.  In the last 18 months, 34 single family homes have sold or are currently under contract–and 26 of those, a whopping 76%–were bank-owned or short sales.

Here is a list of all the sold, pending, and active single family homes in Stagecoach under $350,000 since January 2011.  There are only four currently for sale.  And if you notice the days on market (DOM) for the pending sales, two of them went under contract the day they were listed and one of them was under contract within 9 days.  (That one probably was delayed with all the multiple offers the bank was considering.)

So if you are thinking about waiting until prices fall, you might want to change your strategy because there are more buyers than homes for sale under $350,000.

See all the Stagecoach homes currently for sale here.

If you are looking to purchase a vacation home or primary residence,Stagecoach is a recreational paradise with hiking, x-country skiing, boating and  fishing, and it’s a short drive to Steamboat Springs.

This cozy log home in South Shore @ Stagecoach with incredible lake views  is minutes from the boat launch and recreational trail where you can hike, cross country ski, or just enjoy the scenery and wildlife.  Utility costs are low because the home uses solar power.

The views of Stagecoach Lake are postcard-perfect, and at $298,000, it’s priced to compete with bank-owned properties.

$298,000 – South Shore Home

3 Beds, 3 Baths, 2500 Sqft.,
31370 Shoshone Way, Oak Creek, CO 80467

Listing Description

Incredible Views of Stagecoach Lake from every room! This 3 bedroom log home in South Shore is the perfect place to unwind and enjoy the scenery from the large covered deck. Three levels of living, with a bedroom on the main floor, a spacious master suite and second bedroom on the upper level, and a newly remodeled finished lower level rec room.

Property Features

• Property Type: Single Family Home
• Listing Status: ACTIVE
• Listing Price: $298,000
• Zip Code: 80467
• Year Built: 2002
• Subdivision/Neighborhood: South Shore Subdivision
• Sq.Ft.: 2500
• Stories: Three
• Bedrooms: 3
• Baths (full): 3
• Basement: Yes, Walk Out, Comp. Finished
• Garage: Garage Attached, 1-Car
• Fireplace: Wood Stove, In Living Room
• Acres: 0.45
• View: Panoramic, Lake
• Area: Stagecoach
• Sub-Type: Single Family

• School: South Routt Co
• Sq Ft Source: Assessor
• Finished Square Footage: 2500
• List Price Per Fin Sq Ft: 139.6
• Exterior: Log
• Porch/Patio: Covered Deck
• Appliances: Refrigerator, Gas Range/Oven, Microwave, Washer, Dryer
• Window Treatment: All
• Water Supply: Well Private
• Sewer: Vault
• Laundry: Main Level, Room
• Lot Description: View
• Roof: Shingle
• Construction Type: Log
• Furnishings: Furnished
• Roads/Access: Public

Courtesy of Eliese Pivarnik, Colorado Group Downtown

Contact Eliese Pivarnik to schedule an appointment or call 970-819-6372

Click here to see all Meadowgreen listings.

$65,000 – Residential Lots & Land,
Bannock Trail, Oak Creek, CO 80467
MLS #131411

Click here to see all the details of all Stagecoach homes for sale.

Three bank-owned properties went under contract in Stagecoach in August.  (Two were on Willow Island and one was on Eddy Ct.) There are still some good buys in Stagecoach for both bank-owned and free-market homes.

Click here to see all the homes available to buy in Stagecoach.