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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.