Appraisal Report for ALP Relinquishment Areas 1 & 2

CONCLUSION
The following graph illustrates the demand for real estate in La Plata
County. The 2005 number of sales set a new record. Then velocity plummeted to
a low in 2009. The number of sales has slightly improved each year since then.
3500 -
3000
2500
N -
C)
1 2000 -- ----
c 1500
0 _ —
Z 1000 -
500
0 1 -I -I r r r 1 r I
2000 2002 2004 2006 2008 2010 2012 2014
Year
All of the economic indicators show declines between 2008 and 2010 and
improvement since then. Sales tax and lodger's tax reached record levels in 2015.
New construction and the number of real estate sales still indicate a slow real
market.
The long-term economic outlook appears favorable. Continued population
growth should increase the demand for both commercial and residential properties.
Residents agree that the location, climate, and recreational opportunities contribute
to a desirable quality of life. The area has adequate land and utilities to support
continued development and expansion.
50