Delta County Market Update – January 2020
Commercial Real Estate sales volume for Delta County of $8.2M in 2019 with 18 transactions is down 4.3% compared to sales in 2018 with 37 transactions worth $8.5M. Residential Real Estate sales of $145.8M in 2019 is up 2.2% compared to sales in 2018 of $142.6M. Sales Taxes in City of Delta are up 7% in 2019 compared to taxes collected in 2018. City Manager for Delta resigned recently. One Delta County will take over the economic development association run by Delta County. The first apartment complex built in the last 10 years has been approved. The project includes 9 eight plex buildings for 72 unites with pool at market rents that will break ground in May 2020.
DELTA COUNTY MARKET UPDATE
VELOCITY (Source � MLS)
DELTA COUNTY SALES TAX INDICATORS (Source � City of Delta, Delta County):
DELTA COUNTY COMMERCIAL VACANCY RATE:
DELTA COUNTY RESIDENTIAL REAL ESTATE
PUBLIC POLICY UPDATE
- City Manager for Delta resigned recently.
- One Delta County will take over the economic development association run by Delta County.
RECENT DEVELOPMENTS
- The first apartment complex built in the last 10 years has been approved. The project includes 9 eight plex buildings for 72 unites with pool at market rents that will break ground in May 2020.