Stagecoach single family home sales have been solid in 2011. This year, there have been 18 sales, with 12 being REO/Bank-Owned properties. People looking to buy now will find single family home inventory is low (especially in the popular under $350,000 range), and there are NO bank-owned properties currently available for sale. In the last couple of years, 24 single family homes and 11 townhomes/condos have been foreclosed upon and sold in Stagecoach.
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: Read More→