Stagecoach Lake view from South Shore

Looking back at 2017, there was a lot of activity in Stagecoach, Colorado. The potential ski area sale never materialized, and the Department of Water Resources declared a moratorium on new wells and vault septic systems in certain subdivisions.

As of January 2018, the ski area is no longer under contract and the drilling of new wells and installation of vault septic containers is on hold until further notice.  Both are unfortunate setbacks to an area that was building good momentum for buyers and sellers, especially with the speculative lots toward the back of Stagecoach that were selling for under $10,000.

Stagecoach had 119 sales in 2017 with 29 single family home sales, 20 condo and townhome sales, and 70 vacant land parcels.  Almost 40% of Stagecoach properties that sold in 2017 were priced less than $25,000, with sales ranging from a $3,250 lot in South Station to a $23,500 lot in South Shore.  Stagecoach developments with the most sales under $10,000 were:  Black Horse I (5 sales), Horseback (3), Morningside (5), Overland (12 sales), Sky Hitch (3), Sky Hitch II (2), Sky Hitch III (1), Sky Hitch IV (5), South Station (2) and South Station II (2) and South Shore (3 sales).

There were also a number of Stagecoach Townhomes, Eagles Nest Townhomes and Wagon Wheel Condos that sold in 2017 as buyers and investors looked for less expensive options outside of Steamboat Springs.  There were 11 Stagecoach Townhome sales ranged from $217,000-$245,000 depending on size, location, and finishes/upgrades.  There were 7 Wagon Wheel condos that sold for $117,000-$145,000 also depending on size and number of bedrooms.  Finally, 2 Eagles Nest Townhomes sold for $195,500 and $228,000.

Finally, see below for a full list of single family homes that sold in Stagecoach in 2017.  Almost all of the sales closed between June and October, so if you are selling, your home should be listed and in perfect showing condition by May.  (And if you are a buyer, have your check book ready when the snow melts.)  Here is a list of Stagecoach 2017 sales, and click here to see all the homes currently for sale in Stagecoach:

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Stagecoach Real Estate

Stagecoach real estate sales shifted this year with more high-end sales than there have been in years.  With the pending sale of the Stagecoach Ski Area, Stagecoach has attracted attention from a wide range of buyers.  In addition to the five sales below, there are five homes currently under contract.

Stagecoach land sales continue to set price records, but they are low prices that are being set.  There have been 32 vacant land parcel sales in 2017 and over half closed for <$15,000. Only two sold for more than $100,000.  What is incredible to me is that the lowest priced lot for sale in Steamboat–less than 25 miles away–is $249,000.

Call us at (970) 846-8284 if you would like to talk about Stagecoach or look at homes for sale.

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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

The post Huge Increases in Stagecoach Single Family Home Sales appeared first on Stagecoach CO Real Estate.

• 2740 sq ft, 4+bedrooms, 3 full baths
• New hardwood floors, carpet, roof, furnace, paint, appliances, and master bath.
• Two decks overlooking Stagecoach Reservoir and surrounding mountains, large 2 car garage
• Public water and sewer, short commute to Steamboat
• Gas fireplace, new wood floors, vaulted ceiling in living area
• Lovely master suite with new carpet and new ensuite master bath

Call us at (970) 846-8284 to schedule a showing or for more information.

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Courtesy of Colorado Group Downtown, Eliese Pivarnik

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This information provided by Sarah Thorsteinson, SSBR Government Affairs Consultant

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One of our recent Stagecoach listings that sold for full price.

See all the single family homes for sale in Stagecoach here, or call us at 970-819-6372.

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Interestingly, only 17 homes are currently for sale in Stagecoach representing less than a year supply.  See all the homes for sale in Stagecoach here, or call us at  (970) 846-8284

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Stagecoach Real Estate Stats

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Stagecoach, CO

Stagecoach single family home sales to date in 2012 are listed below.   There were 15 sales this year compared to 18 sales at this time in 2011.  Bank-owned sales are down, too, as fewer bank owned homes come on the market to replace those that sell.

In 2011, 66% of Stagecoach single family home sales were bank-owned.  In 2012, only 35% are.

Click here to see all Stagecoach single family homes for sale, or call us at 970-819-6372.

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