Stagecoach Foreclosures Archives | Stagecoach CO Real Estate

Has the Stagecoach Real Estate Market Bottomed?

stagecoach — Fri, 16 Sep 2011 20:23:36 +0000

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:

Stagecoach Development	Address	Status	Bedrm	Year Built (Use 4 digit)	Asking Price	Sold Price	REO Bank Owned Y/N
Black Horse I at Stagecoach	33455 Filly Trail	SOLD	Four	2003	$169,900	$160,000	Yes
Black Horse I at Stagecoach	33485 Arabian Way	SOLD	Three	2003	$399,000	$350,000	No
Black Horse II Subdivision at Stagecoach	33015 Colt Trail	SOLD	Three	1987	$349,000	$288,000	No
Coyote Run Subdivision	30225 Coyote Run	SOLD	Three Plus	2003	$255,000	$265,000	Yes
Coyote Run Subdivision	30450 Coyote Run Court	PENDING	Four	2005	$410,000		No
Eagles Watch Sudivision	31080 Fallen Falcon Trail	SOLD	Two	1999	$179,900	$164,000	Yes
Eagles Watch Sudivision	31135 Fallen Falcon	SOLD	Two Plus	1993	$246,000	$210,000	No
Eagles Watch Sudivision	31160 Broken Talon	Kick-Out	Three	1995	$260,000		No
High Cross @ Stagecoach	33225 Ramuda Trail	SOLD	Three	2007	$262,900	$262,900	Yes
Horseback Subdivision	33533 Seneca Trail	SOLD	Three	2006	$249,900	$225,000	Yes
Meadow Green Stagecoach	23460 Willow Island Trail	SOLD	Three	2005	$239,900	$240,000	Yes
MiddleCreek@Stagecoach	29765 Riffle Run	SOLD	Three	2004	$314,900	$310,000	Yes
Morningside Subd	32588 Ute Trail	SOLD	Three	2002	$146,900	$154,500	Yes
Morningside Subd	22503 Cheyenne Trl	SOLD	Three	2004	$189,900	$190,100	Yes
Red Hawk Village At Stagecoach	23710 Sagebrush Circle	PENDING	Three	2006	$195,000		No
Red Hawk Village At Stagecoach	23500 Sagebrush Circle	Kick-Out	Three	2006	$199,900		No
Red Hawk Village At Stagecoach	23600 Sagebrush Trl	SOLD	Three	2006	$214,900	$212,500	Yes
Red Hawk Village At Stagecoach	23720 Sagebrush Circle	SOLD	Three	2006	$224,000	$216,000	No
Red Hawk Village At Stagecoach	23700 Sagebrush Circle	SOLD	Three	2006	$250,000	$250,000	No
South Shore Subdivision	24055 Arapahoe Rd.	SOLD	Three Plus	2002	$185,000	$172,500	Yes
South Shore Subdivision	31670 Shoshone	SOLD	Four	2000	$289,000	$289,000	Yes

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Stagecoach Real Estate Sales

stagecoach — Tue, 07 Jun 2011 19:24:00 +0000

What’s selling in Stagecoach, Colorado? It used to be that the answer was Distressed Properties. Fully 76% of home sales in Stagecoach were foreclosures and short sales. That’s just not true anymore. Most of the REO (bank-owned) properties have sold over the last 18 months, and unless we see a second wave of foreclosures, we may be somewhere near the market bottom.

Look at the chart below which includes all the sales and pending sales since January 2011. Most of the solds were foreclosures, but the more recent pending sales are not. And if you look at the list-to-sold-price ratio, 6 of the 9 sales were 99% or more of asking price, usually driven by multiple offers.

This chart doesn’t include the townhomes which are now selling for around $70,000.

If you are looking to purchase a single family home in Stagecoach and take advantage of low interest rates, you should look this summer. I don’t know what the future holds and what other properties may come on as bank-owned, but I wouldn’t doubt if prices for single family homes and townhomes are within a few percentage points of being as low as they are going to get.

See all solds/pendings below.

Development	Address	Status	Original Price	Asking Price	Sold Price	List to sold price ratio	REO Bank Owned?
South Shore Subdivision	31670 Shoshone	SOLD	$399,900	$289,000	$289,000	100%	Yes
South Shore Subdivision	24055 Arapahoe Rd.	SOLD	$284,900	$185,000	$172,500	93%	Yes
Red Hawk Village At Stagecoach	23720 Sagebrush Circle	PENDING	$224,000	$224,000			No
Red Hawk Village At Stagecoach	23700 Sagebrush Circle	PENDING	$250,000	$250,000			No
Red Hawk Village At Stagecoach	23600 Sagebrush Trl	SOLD	$229,900	$214,900	$212,500	99%	Yes
Morningside Subd	22503 Cheyenne Trl	PENDING	$245,000	$189,900			Yes
Morningside Subd	32588 Ute Trail	SOLD	$192,900	$146,900	$154,500	105%	Yes
Meadow Green Stagecoach	23460 Willow Island Trail	SOLD	$239,900	$239,900	$240,000	99%	Yes
Horseback Subdivision	33533 Seneca Trail	SOLD	$264,900	$249,900	$225,000	90%	Yes
High Cross @ Stagecoach	33225 Ramuda Trail	SOLD	$262,900	$262,900	$262,900	100%	Yes
Eagles Watch Sudivision	31080 Fallen Falcon Trail	PENDING	$224,900	$179,900			Yes
Eagles Watch Sudivision	31135 Fallen Falcon	PENDING	$296,000	$246,000			No
Eagles Watch Sudivision	31160 Broken Talon	PENDING	$250,000	$250,000			No
Coyote Run Subdivision	30225 Coyote Run	SOLD	$255,000	$255,000	$265,000	104%	Yes
Black Horse II Subdivision at Stagecoach	33015 Colt Trail	PENDING	$399,000	$349,000			No
Black Horse I at Stagecoach	33455 Filly Trail	PENDING	$225,000	$169,900			Yes
Black Horse I at Stagecoach	33485 Arabian Way	SOLD	$399,000	$399,000	$350,000	88%	No

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Red Hawk Village Deals are Over

stagecoach — Mon, 17 Aug 2009 20:03:07 +0000

If you were considering purchasing one of the distressed homes in Red Hawk Village in Stagecoach, it’s too late. They’re gone.

Since January, nine Red Hawk Village homes have sold for an average price of $298,111 and two more are under contract. They were one of the best values in Routt County for new single family homes.

There is one home currently available for $470,000.

I’ve heard there may be one or two more that will come on the market at distressed prices, so if you’d like to be notified if they do, please email me.

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Red Hawk Village “Distressed” Properties Almost Gone

stagecoach — Thu, 26 Mar 2009 04:08:32 +0000

Red Hawk Village in Stagecoach has some of the best values in all of Routt County for single family homes. There are 27 homes in Red Hawk Village, and a few of them are “distressed”. Distressed homes are where the owner can no longer afford the property and it is being sold by foreclosure, short sale, or auction.

Since January 1, 2009, several of these distressed properties in Red Hawk Village have gone under contract. The process for a short sale/foreclosure is longer and more complicated than working with the seller, but the prices for these properties can make the extra hassle worth it.

Click to see all currently available homes for sale in Red Hawk Village.

If you are interested in purchasing one of the distressed properties in Stagecoach, please call (970) 846-8284

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