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Alamosa County Market Update – August 2019

Commercial Real Estate sales volume of $2.8M with 8 transactions YTD in 2019 in Alamosa County is significantly up compared to 2 sales of $685K YTD in 2018. Residential Real Estate sales for $6.7M YTD in 2018 are up 6.3% compared to sales YTD in 2018 of $6.3M. Sales Taxes are down 5% 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 is currently stalled. Economy in the local area are expected to improve once agriculture commodity prices increase.

ALAMOSA MARKET UPDATE

Item
Q2 2018
Q2 2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Sales Volume
$685K
$2.8M
307%
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Transactions
2
8
300%
SALES TAX INDICATORS:
Item:
Q2 2018:
Q2 2019:
% +/- :
All Sales Taxes
$859K
$816K
-5%
Item:
Q2 2018:
Q2 2019:
% +/- :

Item:
Q2 2018:
Q2 2019:
% +/- :
Lodging Taxes
$31K
$35K
12.9%
Item:
Q2 2018:
Q2 2019:
% +/- :
Marketing District Tax
$72K
$80K
10.4%

RESIDENTIAL REAL ESTATE
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Total Sales
$6.3M
$6.7M
6.3%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Transactions
32
28
-12.5%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Average Price
$197,402.00
$239,889.00
21.5%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Days On Market
97
101
4.1%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Listed for Sale
33
25
-24.2%
NOTES
  • New proposed downtown hotel for 2020
  • RV Resort that is being negotiated with the City of Alamosa is currently stalled
  • Economy in the local area are expected to improve once agriculture commodity prices increase

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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.