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Has the Stagecoach Real Estate Market Bottomed?

Stagecoach single family home sales have been solid in 2011. This year, there have been 18 single family home sales in Stagecoach, 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 REO properties currently available for sale. Since the economic downturn, 24 single family homes and 11 townhomes/condos have been foreclosed upon and sold in Stagecoach.

There will no doubt be more bank shadow inventory and other foreclosed properties coming on the market although I would be surprised if we see the volume of distressed properties like we saw in 2009-2011.

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
Posted Wednesday Sep 28