Durango Market Update � November 2018

Commercial Real Estate sales volume of $30.5M with 43 transactions YTD in 2018 is up 5% compared to sales January-October 2017 with 31 transactions worth $29M. Residential Real Estate sales for $431M YTD in 2018 are up 4.4% compared to sales January-October 2017 of $412M. Sales Taxes are up 8.1% YTD compared to taxes collected…

Commercial Real Estate sales volume of $30.5M with 43 transactions YTD in 2018 is up 5% compared to sales January-October 2017 with 31 transactions worth $29M. Residential Real Estate sales for $431M YTD in 2018 are up 4.4% compared to sales January-October 2017 of $412M. Sales Taxes are up 8.1% YTD compared to taxes collected January-October 2017. New commercial real estate development projects include 198 unit residential apartment complex near completion.

DURANGO MARKET UPDATE

Item

2017 YTD

2018 YTD

% +/-

——————————————————————————————————————————————————————————————————

VELOCITY (Source � CREN MLS)

Item :

2017 YTD :

2018 YTD :

% +/- :

Commercial Sales Volume

$29,060,000

$30,579,000

5%

Item :

2017 YTD :

2018 YTD :

% +/- :

Commercial Transactions

31

43

28%

SALES TAX INDICATORS (Source � City of Durango/Business Improvement District)

Item :

2017 YTD :

2018 YTD :

% +/- :

All Sales Taxes

$17,742,089

1.2%

Item :

2017 YTD :

2018 YTD :

% +/- :

Retail Taxes

Item :

2017 YTD :

2018 YTD :

% +/- :

Restaurant Taxes

$2,457,772

Item :

2017 YTD :

2018 YTD :

% +/- :

Lodging Taxes

$751,591

-5.3%

Item :

2017 YTD :

2018 YTD :

% +/- :

Weedtail Sales

$610,494

VACANCY RATE

2017 YTD :

2018 YTD :

% +/- :

VACANCY RATE

CAP RATES

2017 YTD :

2018 YTD :

% +/- :

CAP RATES

RESIDENTIAL REAL ESTATE

Item :

2017 YTD :

2018 YTD :

% +/- :

Residential Total Sales Volume

$412,140,000

$431,289,000

4.4%

Item :

2017 YTD :

2018 YTD :

% +/- :

Transactions

1,014

1,000

-1.4%

Item :

2017 YTD :

2018 YTD :

% +/- :

Residential Average Price

$406,449

$446,885

9%

Item :

2017 YTD :

2018 YTD :

% +/- :

Residential Days on Market

128

124

-3%

Item :

2017 YTD :

2018 YTD :

% +/- :

Residential Listed for Sale

723

DEVELOPMENTS

198 Unit Residential Apartment Complex Nearly Complete

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