Douglas County offers a range of residential, industrial and commercial property opportunities. The area has seen an overall increase in the number of properties sold in the area since 2014, with single family home sales increasing 39%. Douglas County’s current rental market has a vacancy rate of 7.6%. Real Estate & Building ALEXANDRIA HOUSEHOLDS DOUGLAS COUNTY HOUSEHOLDS 16,175 2018 properties sold Residential Farm with Building Land Commercial Units sold 639 0 146 32 Average Sale price $254,225 0 $111,515 $318,000 Source: Greater Alexandria Area Association of Realtors Taxable Market Values City Tax Rates Average days On market 151 0 546 491 38 Alexandria Commercial Building Permits 13 Douglas county Commercial Building Permits 970 Alexandria Permits 6,479 771 Douglas county Permits Pull Factors There are several ways to measure performance other than dollars of sales. Economists expect cities of larger populations to have more sales since their potential customer base is larger. A way to compensate for that in a retail trade analysis is to measure the pull factor, which compares the local taxable sales per capita to that of the state. A pull factor index higher than 1.0 usually indicates that businesses are pulling in customers from outside their community. The pull factor for Alexandria has grown from 2.74 at the end of the great recession to 3.09 today. Source: University of MN, Extension 2016 RTA 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 Alexandria Bemidji Detroit Lakes Fergus Falls
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