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Alamosa County Market Update – January 2019

Commercial Real Estate sales volume of $785K with 3 transactions in 2018 is significantly down 60.8% compared to sales in 2017 with 8 transactions worth $2M. Residential Real Estate sales for $22.9M in 2018 are up 2.8% compared to sales in 2017 of $22.3M. Sales Taxes are virtually the same in 2018 compared to taxes collected in 2017. 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
2017
2018
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Item:
2017:
2018:
% +/- :
Commercial Sales Volume
$2M
$785K
-60.8%
Item:
2017:
2018:
% +/- :
Commercial Transactions
8
3
-62.5%
SALES TAX INDICATORS:
Item:
2017:
2018:
% +/- :
All Sales Taxes
$35.5M
$35.2M
-.72%
Item:
2017:
2018:
% +/- :
County Sales Taxes
$8.4M
$8.9M
6.65%
Item:
2017:
2018:
% +/- :
Retail Taxes
Item:
2017:
2018:
% +/- :
Restaurant Taxes
Item:
2017:
2018:
% +/- :
Lodging Taxes
$490K
$349K
-28.8%
Item:
2017:
2018:
% +/- :
Marketing District Tax
$245K
$148K
-39.5%
Item:
2017:
2018:
% +/- :
Weedtail Sales
Item:
2017:
2018:
% +/- :
RE Transfer Taxes
RESIDENTIAL REAL ESTATE
Item:
2017:
2018:
% +/- :
Residential Total Sales
$22.3M
$22.9M
2.8%
Item:
2017:
2018:
% +/- :
Residential Transactions
110
113
2.7%
Item:
2017:
2018:
% +/- :
Residential Average Price
$203,229.00
$203,490.00
0%
Item:
2017:
2018:
% +/- :
Residential Days On Market
106
105
0.9%
Item:
2017:
2018:
% +/- :
Residential Listed for Sale
29
21
-27.6%
NOTES
  • New Downtown Alamosa Hotel Proposed for 2020.
  • RV Resort negotiating with City of Alamosa – New Deadline is April 2019.
  • New Adams State College President Hired.
  • New Downtown Hotel Proposed for 2020.
  • Ag Commodity Prices Rising.
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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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