Good news for Stagecoach lot owners looking to build–the moratorium earlier this year has been lifted! After a recent Board of Directors of the Morrison Creek Metropolitan Water and Sanitation District meeting, legal council emailed: “the Board unanimously adopted (a) a resolution rescinding the moratorium of the District on participation in the Routt County-District Vault Program for construction of residences on certain lots at Stagecoach where there is no central water or sewer, and (b) a Policy and Lot Owner Acknowledgment by which the procedures for lot owner participation in the program has been changed, so that the first step for the Lot Owner and the pre-requisite for the District even signing up a Lot Owner Agreement and recording such Agreement, which the County requires as a pre-requisite to commence consideration of a building permit and vault permit applications for the proposed residence, is the issuance of an exempt well permit by the Colorado State Engineer. Until an exempt well permit is issued by the State Engineer, the District will not initiate the Land Owner Agreement process or refer the matter to Routt County.”
Sales of single family homes in Stagecoach are definitely improving. So far this year there have been 28 homes sold in Stagecoach. In comparison, there were 14 sales in 2014 between January 1st and Mid-September. That is double what had sold last year. Up until mid-September, the 2015 sales have well surpassed the sales for all of 2014 (there were 18 sales in 2014). What’s also encouraging is that the average sales price of homes has increased as well. Through September of last year, average price of a home in Stagecoach was $304,000 and this year it was $379,000.
We believe there are three reasons Stagecoach is enjoying such a great year: rising rents, market becoming a seller’s market, and the possibility of rising interest rates. There has been a buying frenzy in the lower end of the market in the Steamboat and surrounding areas. The lower-end price points up to $400K have been the biggest driver in the Steamboat market this year. As the rent costs are going up, many locals are starting to look for a place of their own. Because the inventory if properties in their price range is limited, more are turning to Stagecoach to get more for their money. Also, there is a sense of urgency from the buyers because our area is becoming more of a seller’s market. Many buyers are afraid that if they don’t act now, they may miss out on a deal and prices will only increase. Finally, the threat of rising interest rates is also a factor in the increase in sales. At lower interest rates, buyers can afford more home. Since there is a lot of talk about the interest rates possibly going up, buyers are concerned that they will be able to afford less if they delay their purchase.
To see all the available single family homes in the Stagecoach area, click here. if you’re a buyer or a seller in Stagecoach and would like to discuss your options, please give us a call at (970) 846-8284
This single family home at 29930 Rock Point Trail in Meadow Green@Stagecoach is one of the best values in Stagecoach at $399,000. It features:
Call us at (970) 846-8284 to schedule a showing or for more information.
This lovely home on half an acre has tons of upgrades and big views of Stagecoach reservoir making it one of the best buys in Stagecoach at only $145/sf. Buyers will appreciate the new hardwood floors in both living areas, sparkling new appliances, new master bathroom suite, new metal roof, new 95% high efficiency furnace, new carpet in bedrooms, and new paint that brings the home alive with color and charm. The spacious living room is well designed and features a vaulted ceiling and a central fireplace. Abundant storage and 4+ bedrooms make this lovely home nestled in a grove of aspen trees a must-see.
Courtesy of Colorado Group Downtown, Eliese Pivarnik
Stagecoach Colorado single family home sales continue to improve in 2014. Higher priced home sales have returned, with a home in Lynx Basin Estates closing for $650,000 in September and two homes currently under contract at list prices of $699,000 and $720,000. The average sold price in Stagecoach is $319,000 in 2014. For information or to schedule a time to see properties, call us at (970) 846-8284
|Stagecoach Development||Address||Status||Asking Price||Sold Price|
|Black Horse I at Stagecoach||20890 Filly Trail||ACTIVE||$299,900|
|Black Horse I at Stagecoach||20930 Filly Trail||SOLD||$298,000||$298,000|
|Black Horse II Subdivision at Stagecoach||21215 Bucking Way||ACTIVE||$529,000|
|Blue Valley Ranch||23375 Blue Valley Lane||ACTIVE||$1,595,000|
|Coyote Run Subdivision||30265 Coyote Run Court||ACTIVE||$229,900|
|Coyote Run Subdivision||30245 Coyote Run Court||ACTIVE||$344,000|
|Coyote Run Subdivision||30390 Coyote Run Ct||ACTIVE||$549,900|
|Coyote Run Subdivision||30205 Coyote Run Ct.||SOLD||$325,000||$320,000|
|Eagles Watch Sudivision||31225 Broken Talon Trail||ACTIVE||$495,000|
|Eagles Watch Sudivision||22915 Snowbird Trail||SOLD||$349,000||$333,000|
|Eagles Watch Sudivision||22860 Snowbird Trail||SOLD||$255,000||$230,000|
|Eagles Watch Sudivision||23025 Snowbird Way||SOLD||$380,000||$355,000|
|Horseback Subdivision||33033 Maricopa Trail||ACTIVE||$425,000|
|Horseback Subdivision||33153 Pima Way||SOLD||$249,000||$238,000|
|Lakeview Meadows||23715 Stage Stop Trail||PENDING||$699,000|
|Lynx Basin Estate||31015 Lynx Basin Way||SOLD||$700,000||$650,000|
|Meadow Green Stagecoach||30070 Bannock Trail||ACTIVE||$468,000|
|Meadow Green Stagecoach||23545 Willow Island Trail||ACTIVE||$430,000|
|Meadow Green Stagecoach||29951 Rock Point Trail||ACTIVE||$420,000|
|Meadow Green Stagecoach||30015 Bannock Trail||ACTIVE||$399,900|
|Meadow Green Stagecoach||30080 Bannock Trail||SOLD||$475,000||$462,500|
|Middlecreek Subdivision||29775 Eddy Court||SOLD||$399,000||$389,000|
|Morningside Subd||22704 Red Cloud Way||ACTIVE||$375,000|
|Morningside Subd||32515 Pueblo Way||ACTIVE||$550,000|
|Morningside Subd||32564 Ute Trail||SOLD||$289,000||$265,000|
|Morningside Subd||22639 Commanche Rd.||SOLD||$309,000||$295,000|
|Oak Creek||31080 Broken Talon Trail||SOLD||$300,000||$326,000|
|Red Hawk Village At Stagecoach||23530 SAGEBRUSH CIR||ACTIVE||$315,000|
|Red Hawk Village At Stagecoach||23590 Sagebrush Circle||ACTIVE||$279,000|
|Red Hawk Village At Stagecoach||23780 Sagebrush||ACTIVE||$279,900|
|Red Hawk Village At Stagecoach||23770 Sagebrush Circle||SOLD||$289,000||$289,500|
|Red Hawk Village At Stagecoach||23740 Sagebrush Circle||SOLD||$224,900||$215,000|
|Red Hawk Village At Stagecoach||23540 Sagebrush Cir||SOLD||$289,900||$279,900|
|South Shore Subdivision||24615 Arapahoe Rd||ACTIVE||$535,000|
|South Shore Subdivision||31685 Shoshone Way||ACTIVE||$515,000|
|South Shore Subdivision||31370 Shoshone Way||ACTIVE||$318,000|
|South Shore Subdivision||31595 Shoshone Way||PENDING||$720,000|
|South Shore Subdivision||31440 Shoshone Way||SOLD||$239,000||$239,000|
|South Shore Subdivision||23935 Arapahoe Road||SOLD||$239,000||$239,000|
Routt County has begun updating the Stagecoach Community Plan with the participation of the Stagecoach Property Owners Association and other important stakeholders in the community. The Community Plan provides direction and the vision for Stagecoach in the future. The plan looks at constraints, opportunities, and public input to develop the Community Plan Update. So, how can you get involved? First, go to http://co-routtcounty.civicplus.com/documentcenter/view/2547 and take the Stagecoach Community Plan Owner Survey. Then attend one of two meetings the County has planned this week. Dates for those meetings are Wednesday November 19 at 6:00 pm and Saturday November 22 at 1:00 pm. These meetings will take place at the Stagecoach Fire Department. If you cannot make a meeting, your input is still important. Get in touch with Kristy Winser at Kwinser@co.routt.co.us or 879-2704.
This information provided by Sarah Thorsteinson, SSBR Government Affairs Consultant
I get a number of inquiries from potential sellers who would like to sell their lots, and over the conversation or email exchange, have the unfortunate job of telling sellers their lots probably won’t sell for the price they are seeking…if they sell at all.
Stagecoach is a community with over 2000 lots and only 300 of them have single family homes built on them. The other 1800+ homesites generally have over 100 of the owners looking to sell. As of the end of June, 2014, there are 111 lots for sale ranging in price from $2500 for a lot in South Station II to $389,000 for a 35 acre parcel in Bushy Creek Meadows. Thirty three of those lots are priced below $15,000. To have a chance of selling, owners have to price their land below their purchase price–and even then, there haven’t been enough sales to know what price will bring a buyer.
Since January 2014, only 11 lots have sold in Stagecoach with seven of those selling between $2600-$6000. (See the full list below.) That means there is a 20 year supply of Stagecoach lots if no other lots came on the market. It’s frustrating for sellers to see so little activity and interest.
Single family home and townhome sales have rebounded nicely since the dark days of the economic downturn when literally 70%+ of the homes sold in Stagecoach were distressed. The demand for lots will come back at some point; we just aren’t there yet.
|Development||Address||Asking Price||Sold Price|
|South Station||TBD Lot 60, South Station I||$3,500||$2,600|
|South Station||TBD Saddle Horn Way||$3,200||$3,100|
|South Station||TBD South Station I, Lot 2||$3,200||$3,100|
|South Station II at Stagecoach||TBD South Station II Lot 87||$3,200||$3,100|
|South Station II at Stagecoach||TBD South Station II Lot # 69||$4,000||$3,900|
|Overland Subd||Lot 118 Overland||$5,799||$5,799|
|Morningside Subd||Lot 44 Morningside I||$9,900||$6,000|
|Morningside Subd||32439 & 32443 Ute Trail||$14,500||$12,500|
|Black Tail Meadows – Neighborhoods at Youngs Peak||23575 Stagehorn Trail||$32,000||$29,500|
|Neighborhoods @ Youngs Peak||23430 Division Road||$29,500||$29,500|
|MiddleCreek@Stagecoach||29760 Riffle Run||$33,000||$30,000|
Stagecoach Colorado real estate sales have become quite active in 2014 at lower price points. Although there were only seven home sales in the last six months, five other homes have contracts and are in escrow waiting to close. All the activity has been at price points below $500,000, with the vast majority of sales closing under $350,000.
See all the single family homes for sale in Stagecoach here, or call us at 970-819-6372.
|Stagecoach Development||Address||BR||Asking Price||Sold Price|
|Red Hawk Village At Stagecoach||23740 Sagebrush Circle||Three||$224,900||$215,000|
|South Shore Subdivision||23935 Arapahoe Road||Four||$239,000||$239,000|
|Red Hawk Village At Stagecoach||23770 Sagebrush Circle||Three||$289,000||$289,500|
|Black Horse I at Stagecoach||20930 Filly Trail||Three Plus||$298,000||$298,000|
|Coyote Run Subdivision||30205 Coyote Run Ct.||Four||$325,000||$320,000|
|Eagles Watch Sudivision||23025 Snowbird Way||Five||$380,000||$355,000|
|Meadow Green Stagecoach||30080 Bannock Trail||Four||$475,000||$462,500|