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Alamosa County Market Update � April 2019

Commercial Real Estate sales volume of $589K with 2 transactions YTD in 2019 in Alamosa County is significantly up compared to no sales YTD in 2018. Residential Real Estate sales for $3.6M YTD in 2018 are down 14.9% compared to sales YTD in 2018 of $4.2M. Sales Taxes are up 4% YTD in 2019 compared to taxes collected YTD in 2018. New commercial real estate development projects include a new proposed downtown hotel for 2020 and RV Resort that is being negotiated with the City of Alamosa.

ALAMOSA MARKET UPDATE

Item
Q1 2018
Q1 2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Sales Volume
$0K
$589K
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Transactions
0
2
SALES TAX INDICATORS:
Item:
Q1 2018:
Q1 2019:
% +/- :
All Sales Taxes
$1.3M
$1.35M
4%
Item:
Q1 2018:
Q1 2019:
% +/- :
County Sales Taxes
$1.3M
$1,4M
3.9%
Item:
Q1 2018:
Q1 2019:
% +/- :
Retail Taxes
Item:
Q1 2018:
Q1 2019:
% +/- :
Restaurant Taxes
Item:
Q1 2018:
Q1 2019:
% +/- :
Lodging Taxes
$55K
$72K
30.3%
Item:
Q1 2018:
Q1 2019:
% +/- :
Marketing District Tax
$40K
$48K
18.6%
Item:
Q1 2018:
Q1 2019:
% +/- :
Weedtail Sales
Item:
Q1 2018:
Q1 2019:
% +/- :
RE Transfer Taxes
RESIDENTIAL REAL ESTATE
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Total Sales
$4.2M
$3.6M
-15%
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Transactions
23
17
-26%
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Average Price
$183,275.00
$210,971.00
15%
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Days On Market
132
119
-9.9%
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Listed for Sale
26
14
-46%
NOTES
  • JCPenney, which has been in business for more than 100 years in downtown Alamosa, will close its doors on July 5th
  • The old Alamosa County Courthouse has been sold to Gilbert and Alice Duran for $500,028.20
  • Alamosa Denver & Rio Grande Historic Narrow Gauge Railroad Depot has been sold

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About The Author

Preston Porter, Porter Realty

A native of Alamosa, Colorado, Preston Porter is the owner and managing broker of Porter Realty in Alamosa, Colorado. With 15 years of real estate experience, Preston�s focus is on listing and selling residential and commercial properties in Alamosa and farm/ranch real estate throughout the five counties of the San Luis Valley.

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