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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.