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

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There has been some activity with single family homes in Stagecoach.  One has sold and two other went under contract.  As prices come down, activity is picking up.

Stagecoach is a beautiful area with plenty of year round recreation.  If you like to ice fish, snowmobile, cross country ski and snowshoe, Stagecoach might be just the place to buy a second home.

Prices are the best we’ve seen in years and interest rates are below 6%.

Call (970) 846-8284 or email us for more information.

Stagecoach CO Market Report—Oct. 1, 2008-Dec. 1, 2008

RESIDENTIAL Summary Statistics
	High	Low	Average	Median
List Price:	$549,900	$410,000	$466,633	$440,000
Sold Price:	$410,000	$410,000	$410,000	$410,000

Development	ADDRESS	BR	Orig Price	LP	SP
Red Hawk Village At Stagecoach	23740 Sagebrush Circle	Three	$410,000	$410,000	$410,000
	Total Listings			Avg	Avg
	1			$410,000	$410,000

Stagecoach RESIDENTIAL Real Estate- Pending

Develop	ADDRESS	BR	Orig Price	LP
Eagles Watch Sudivision	Fallen Falcon Tr	Three	$509,000	$440,000
Black Horse I at Stagecoach	Filly Trail	Three	$549,900	$549,900
	Total Listings			Avg
	2			$494,950

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Stagecoach Colorado is a buyers market, where Buyers are the ones who can take there time and find what property they want for the price they want to pay. A buyers market differs from a sellers market where there is so little real estate available the seller can pretty much name their price–and get it.

So where are the buyers? After years of appreciation, Stagecoach is experiencing a slow year. In fact, there are over 200 lots available right now in Stagecoach. That’s about one out of every ten lots for sale.

Since May 1, a traditionally active time in Stagecoach, only nine properties have sold. Five lots, three townhomes, and one single family home.

Only one other property is currently under contract. (A Morningside lot).

What does this mean to buyers and sellers?

If you don’t need to sell your property, don’t list it. There is a multi-year supply of lots that won’t be absorbed by buyers this year. Unless you have a great lot with an equally stellar price, you are one of many. Wait until supply and demand come back in line and sell it then.

If you are looking to buy, however, it doesn’t get much better than this for timing. You have so many choices right now and room to negotiate. The market will rebound, and as Steamboat prices rise, Stagecoach prices will follow.

Buyers looking for a single family home can buy a brand-new place under $400,000. In fact, there are 10 single family homes in Stagecoach currently available for under $400,000. Know what that gets you in Steamboat? Not much.

Stagecoach also offers the lowest priced land available in Routt County. The lowest priced listing is currently $22,900 in South Station I. These lower priced lots without roads up to grade are definitely speculative, but have you seen the stock market lately? Oil futures? Stagecoach offers real property….something they aren’t making any more of, last time I checked.

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