Commercial Real Estate sales volume of $13.6M with 21 transactions YTD in 2019 is down 53% compared to sales YTD in 2018 of 39 transactions worth $28.7M. Residential Real Estate sales of $395M YTD in 2019 are up 5.5% compared to sales YTD in 2018 of $374.3M. Sales Taxes are up 3.6% YTD in 2019 compared to taxes collected YTD in 2018. Commercial real estate development projects include a 198 unit residential apartment complex that has been completed.
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