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Alamosa County Market Update – November 2018

Commercial Real Estate sales volume of $100K with 1 transactions YTD in 2018 is significantly down 68.1% compared to sales January-October 2017 with 2 transactions worth $313.5K. Residential Real Estate sales for $6.8M YTD in 2018 are down 14.5% compared to sales January-October 2017 of $6.8M. Sales Taxes are up 4.3% YTD compared to taxes collected January-October 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 Q2 YTD
2018 Q2 YTD
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Commercial Sales Volume
$313,500
$100,000
-68.1%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Commercial Transactions
2
1
-50%
SALES TAX INDICATORS:
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
All Sales Taxes
$1,983,740
$2,069,073
4.3%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
County Sales Taxes
$3,768,695
$4,163,811
10.48%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Retail Taxes
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Restaurant Taxes
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Lodging Taxes
$73,069
$75,849
3.8%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Marketing District Tax
$186,760
$178,223
-4.57%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Weedtail Sales
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
RE Transfer Taxes
RESIDENTIAL REAL ESTATE
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Residential Total Sales
$8,022,745
$6,862,800
-14.5%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Residential Transactions
39
31
-20.5%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Residential Average Price
$205,711
$221,381
7.6%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Residential Days On Market
91
101
10.7%
Item :
2017 Q2 YTD :
2018 Q2 YTD :
% +/- :
Residential Listed for Sale
31
26
-16.1%
NOTES
  • New Downtown Alamosa Hotel Proposed for 2020
  • RV Resort negotiating with City of Alamosa
  • New Adams State College President Hired
  • Trinidad State Junior College President Accepts New Position – In Process of Hiring Replacement
  • 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.