Commercial Real Estate sales volume of $34.8M with 51 transactions in 2018 is down 1% compared to sales in 2017 with 35 transactions worth $35.1M. Residential Real Estate sales for $513M in 2018 are up 4.5% compared to sales in 2017 of $491M. Sales Taxes are up 1.2% YTD compared to taxes collected in 2017. Commercial real estate development projects include a 198 unit residential apartment complex that is nearly complete.
DURANGO MARKET UPDATE
VELOCITY (Source – CREN MLS)
SALES TAX INDICATORS (Source – City of Durango/Business Improvement District)
RESIDENTIAL REAL ESTATE
- 198 Unit Residential Apartment Complex Nearly Complete