Stagecoach has seen a lot of activity since real estate prices have dropped up to 70% from the 2007 peak. Bank-owned properties represented the majority of sales over the last six months as primary and second home owners took advantage of the below-market pricing on newer homes. If you didn’t buy one, you might have missed out because there are very few bank-owned properties left. As of today, only one bank owned home in Morningside was for sale out of 38 residential properties currently listed.
The pending sales show the last of the REO wave. Of the 11 Stagecoach homes/condos/townhomes currently under contract, 7 of them are bank-owned.
|Type||Stagecoach Development||Address||List Price||Sold Price||Bank owned?|
|South Station II at Stagecoach||TBD Lot 28||$4,500||$2,000||No|
|Acreage||Sky Hitch II at Stagecoach||TBD Whiffle Tree Trail||$5,000||$3,000||No|
|Acreage||Black Horse II Subdivision at Stagecoach||TBD Colt Trail||$65,500||$45,000||No|
|Townhouse||Stagecoach Townhomes||23140 Schussmark Trl||$70,000||$67,500||Yes|
|Single Family||Red Hawk Village At Stagecoach||23600 Sagebrush Trl||$214,900||$212,500||Yes|
|Single Family||Meadow Green Stagecoach||23460 Willow Island Trail||$239,900||$240,000||Yes|
|Single Family||Black Horse I at Stagecoach||33485 Arabian Way||$399,000||$350,000||No|