The Stagecoach, Colorado real estate market has a lot of similarities to Las Vegas, Naples, and California. For years, investors and speculators were attracted to appreciation rates of up to 40% a year for Stagecoach land, townhomes, and single family homes.
The inventory was so low in Steamboat Springs (and prices were rising almost as fast), that many people were priced out of the Steamboat market, if they could find a place to buy. It was reasonable to assume during the heady real estate years of 2004-2007 that the next rising star would be Stagecoach, Colorado.
Another reason people were/are attracted to Stagecoach was the inexpensive land prices. Stagecoach is by far the least expensive place to purchase land in Routt County. So people who wanted to invest in Steamboat but didn’t want to spend a lot of money naturally turned to Stagecoach.
Now the investors and speculators are looking to sell. There are 267 active listings in Stagecoach. Only 63 are residential.
The past two months have seen 4 residential sales and ZERO land sales. Three of the residential sales are townhomes or condos near the reservoir.
One single family home is pending.
Stagecoach, Colorado Real Estate Report Report
September 1-October 26, 2008
|
Stagecoach Colorado Residential Real Estate – Solds |
|
Stagecoach, CO RESIDENTIAL Summary Statistics |
||||
|
|
High |
Low |
Average |
Median |
|
List Price: |
$549,900 |
$195,000 |
$328,980 |
$295,000 |
|
Sold Price: |
$380,000 |
$195,000 |
$269,750 |
$252,000 |
|
Stagecoach, CO Development |
ADDRESS |
BR |
Tot Sq Ft |
List Price |
Sold Price |
|
Stagecoach, CO Condo Wagon Wheel Condominiums |
RCR 16 |
Two |
864 |
$195,000 |
$195,000 |
|
Stagecoach, CO Townhome Stagecoach Townhomes |
Schussmark Trail |
Three |
1416 |
$220,000 |
$214,000 |
|
Stagecoach, CO Townhome Eagles Nest Townhomes @ Stagecoach |
Sagebrush Trl |
Three |
1465 |
$295,000 |
$290,000 |
|
Stagecoach, CO Single Family Meadow Green Stagecoach |
Ormega Way |
Three |
1751 |
$385,000 |
$380,000 |
|
|
Total Listings |
|
|
Avg |
Avg |
|
|
4 |
|
|
$273,750 |
$269,750 |
|
Stagecoach, Colorado RESIDENTIAL Real Estate – Pending |
|
Stagecoach, CO Development |
ADDRESS |
LP |
|
Stagecoach, CO Single Family Black Horse I at Stagecoach |
20885 Filly Trail |
$549,900 |
|
|
Total Listings |
Avg |
|
|
1 |
$549,900 |
3 responses so far ↓
1 Stagecoach, Colorado Market Report–Sept.1-Oct. 26, 2008 · Invest-In-Real-Estate.ExplainedOnline.Net // Oct 26, 2008 at 5:27 pm
[...] Original post by [Technorati] Tag results for real estate [...]
2 Eric Hundin // Oct 26, 2008 at 5:32 pm
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
3 stagecoach // Oct 26, 2008 at 5:49 pm
Thanks, Eric. Stop by anytime or contact me directly for specific information.
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