Stagecoach lot sales flying high—Aug 6, 2006
Steamboat Springs — The first two quarters of the year typically aren’t a busy time for lot sales in Routt County. But the unincorporated subdivisions south of Stagecoach Reservoir broke the axiom this year.
Lot sales through June at Stagecoach jumped 56 percent when compared to the same period in 2005. At the same time, single-family home sales at Stagecoach declined from 24 in 2005 to 14 this year.
It’s all about inventory. Single-family homes in South Routt are being gobbled up because there is virtually nothing in the same price range in Steamboat Springs. And new subdivisions have come online in Stagecoach while almost no lots are available in Steamboat.
What does this have to do with August 2008? It’s all about supply and demand.
If Stagecoach thrives when Steamboat inventory is low, it stands to reason that Stagecoach sales will fall when there is an inventory of homes available in Steamboat. (There are currently 7 homes available in Steamboat under $525,000.)
The fundamentals for Stagecoach Colorado are there:
- Stagecoach is a gorgeous place to live.
- NW Colorado population is forecasted to double over the next 25 years.
- Stagecoach is the least expensive place to buy land in Routt County.
- Steamboat will have a brand-new look with the new base area in a few years, bringing more visitors who become second home owners who become year-round residents.
- Supply and demand will once again balance out.
Steamboat Springs is full of locals who say, “I could have bought [fill in the name of any home/condo/townhome/lot] back in [fill in any year before 2007] for [fill in a ridiculously low price]”
Is 2008 one of those times when people will look back and kick themselves for not buying in Stagecoach?