Stagecoach land sales haven’t fared as well as the single family homes and townhomes that have been selling. There have been only 9 Stagecoach lots that sold in 2011–an average of one a month. Compare that to the 164 sellers who currently have their land on the market, and you can see how low the odds are for selling. At current sales rates, there is an 18 year supply of lots.
What makes it worse for sellers is that five of the land sales were $10,000 or less. Other sales reflect the huge discounting needed to sell: For example, Lot 19 in Neighborhoods at Youngs Peak just sold for $25,000. It originally sold for $137,900 in 2006.
|Development||Legal Description||Status||Asking Price||Sold Price|
|Black Horse I at Stagecoach||Lot 96 Blackhorse I at Stagecoach||PENDING||$19,000|
|Black Horse II Subdivision at Stagecoach||Lot 36 Black Horse II Subdivision at Stagecoach/ Colt Trail||SOLD||$29,000||$28,500|
|Black Horse II Subdivision at Stagecoach||Lot 25 Black Horse II Subdivision at Stagecoach||SOLD||$65,500||$45,000|
|Morningside Subd||Lot 20, Morningside I at Stagecoach||SOLD||$5,000||$2,400|
|Morningside Subd||Lot 105 Morningside @ Stagecoach||SOLD||$12,500||$10,000|
|Neighborhoods @ Youngs Peak||LOT 19, THE NEIGHBORHOODS AT YOUNG’S PEAK||SOLD||$34,500||$25,000|
|Sky Hitch @ Stagecoach||Lot 38 Sky Hitch at Stagecoach||SOLD||$10,500||$9,500|
|Sky Hitch II at Stagecoach||Lot 102 Sky Hitch II at Stagecoach||SOLD||$5,000||$3,000|
|South Shore Subdivision||Lot 107 South Shore Subd at Stagecoach||SOLD||$10,000||$10,000|
|South Shore Subdivision||Tract 22 South Shore at Stagecoach||SOLD||$55,000||$37,500|