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Alamosa County Market Update – August 2018


Commercial Real Estate sales volume of $691K with 3 transactions YTD in 2018 is slightly down 1% compared to sales Jan-July 2017 with 2 transactions worth $685K. Residential Real Estate sales for $6.1M YTD in 2018 are slightly down by less than 1% compared to sales Jan-July 2017 of $302M. Sales Taxes are up 4.3% YTD compared to taxes collected Jan-July 2017. New commercial real estate development projects include a new proposed downtown hotel and RV Resort that is being negotiated with the city of Alamosa.

ALAMOSA MARKET UPDATE

2017 Q2 YTD
2018 Q2 YTD
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Commercial Sales Volume
Commercial Transactions
$691,860
3
$685,000
2
-0.99%
-33.33%
SALES TAX INDICATORS
All Sales Taxes
Retail Taxes
Restaurant Taxes
Lodging Taxes
Marketing District Tax
Weedtail Sales
RE Transfer Taxes
$1,983,740


$33,094
$76,661

$2,069,073


$30,831
$72,186

4.30%


-6.84%
-5.84%

RESIDENTIAL REAL ESTATE
Residential Total Sales
Residential Total Sales Volume
Residential Average Price
Residential Days on Market
Residential Listed for Sale
30
$6,182,535
$206,085
127
26
31
$6,224,364
$200,786
94
29
3.33%
0.68%
-2.57%
-25.98%
11.54%
NOTES
  • New Downtown Alamosa Hotel Proposed
  • RV Resort negotiating with City of Alamosa
  • Flight Week – UAV Hosted
  • New Adams State College President Hired
  • Spring Fire Fallout

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About The Author

Preston Porter

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.