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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.

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