Pier 1 Imports at Carson Valley Plaza was one of the victims of the coronavirus shutdowns, with the national retailer recently filing for bankruptcy.
GARDNERVILLE, Nev. — Despite concerns about tax revenues due to the coronavirus closures, Douglas County merchants reported taxable sales were actually up one-half point in May.
According to the newest figures released by the state last week, Douglas merchants reported $63.4 million in sales, up from $63 million in May 2019. That puts taxable sales for the 2019-20 fiscal year up 2.4 percent with only June left to report.
While the Stateline casinos were down significantly for the month, the county’s general merchandise stores posted a 34.3 percent increase to $11.6 million. Online retailers reported $7.64 million in sales up 162 percent from May 2019.
The county’s merchant wholesalers of nondurable goods nearly quadrupled their sales during the month going from just over $1 million to $3.9 million.
Food and beverage stores posted a 34 percent increase, bringing in $3.9 million compared to $2.9 million last year.
Meanwhile, sales at the county’s restaurants and bars were down almost a third with $6.6 million in sales, down from $9.7 million.
Douglas hotels, motels and other accommodations only brought in $4,865 because they were closed during May, down from $2.23 million for the same month in 2019.
According to the Nevada Department of Taxation, Douglas raised $816,130 during the month in sales tax collections, well short of the $1.267 million the county uses to support itself.
Douglas is one of a half-dozen guaranteed counties whose revenues are subsidized by wealthier counties.
Gaming numbers for June showed some recovery after the reopening of the casinos closed due to the coronavirus in March.
Casinos in the East Fork and Carson City townships raked in $8 million, a 1.73 percent decline over June 2019, which one of the lowest decreases in the state.
Casinos at Stateline reported a 20.5 percent decrease in June, bringing in $13 million compared to $16.4 million for the same month in 2019.
The Stateline casinos produce the lion’s share of Douglas County’s gaming revenue.
Statewide, gaming is still off by 45.55 percent, bringing in $566 million during June. The end of the fiscal year saw a 21.67 percent drop in gaming revenues statewide.
Home sales are off around 10 percent for the first half of 2020, according to figures released last week by the Douglas County Assessor’s Office.
As of the end of the second quarter 418 homes have been sold in Douglas County, down from 467 last year.
The first quarter of the year, before the coronavirus outbreak prompted a lockdown, saw 212 homes sold, more than the first quarter of 2019.
However, in the second quarter only 206 homes sold, down from the 280 sold in the second quarter of 2019.
Even the 1,039 homes sold in 2019, wasn’t anywhere near the record of 1,504 homes sold in 2004 in the pre-Great Recession boom.
The median sales price in 2019 was $448,000 while the average sales price reached $578,508, the second highest in the past 30 years according to the assessor’s figures.
Of the homes sold so far in 2020, 42 were at Lake Tahoe, where they averaged between $1.3 and $1.7 million.
-->GARDNERVILLE, Nev. — Despite concerns about tax revenues due to the coronavirus closures, Douglas County merchants reported taxable sales were actually up one-half point in May.
According to the newest figures released by the state last week, Douglas merchants reported $63.4 million in sales, up from $63 million in May 2019. That puts taxable sales for the 2019-20 fiscal year up 2.4 percent with only June left to report.
While the Stateline casinos were down significantly for the month, the county’s general merchandise stores posted a 34.3 percent increase to $11.6 million. Online retailers reported $7.64 million in sales up 162 percent from May 2019.
The county’s merchant wholesalers of nondurable goods nearly quadrupled their sales during the month going from just over $1 million to $3.9 million.
Food and beverage stores posted a 34 percent increase, bringing in $3.9 million compared to $2.9 million last year.
Meanwhile, sales at the county’s restaurants and bars were down almost a third with $6.6 million in sales, down from $9.7 million.
Douglas hotels, motels and other accommodations only brought in $4,865 because they were closed during May, down from $2.23 million for the same month in 2019.
According to the Nevada Department of Taxation, Douglas raised $816,130 during the month in sales tax collections, well short of the $1.267 million the county uses to support itself.
Douglas is one of a half-dozen guaranteed counties whose revenues are subsidized by wealthier counties.
Gaming numbers for June showed some recovery after the reopening of the casinos closed due to the coronavirus in March.
Casinos in the East Fork and Carson City townships raked in $8 million, a 1.73 percent decline over June 2019, which one of the lowest decreases in the state.
Casinos at Stateline reported a 20.5 percent decrease in June, bringing in $13 million compared to $16.4 million for the same month in 2019.
The Stateline casinos produce the lion’s share of Douglas County’s gaming revenue.
Statewide, gaming is still off by 45.55 percent, bringing in $566 million during June. The end of the fiscal year saw a 21.67 percent drop in gaming revenues statewide.
Home sales are off around 10 percent for the first half of 2020, according to figures released last week by the Douglas County Assessor’s Office.
As of the end of the second quarter 418 homes have been sold in Douglas County, down from 467 last year.
The first quarter of the year, before the coronavirus outbreak prompted a lockdown, saw 212 homes sold, more than the first quarter of 2019.
However, in the second quarter only 206 homes sold, down from the 280 sold in the second quarter of 2019.
Even the 1,039 homes sold in 2019, wasn’t anywhere near the record of 1,504 homes sold in 2004 in the pre-Great Recession boom.
The median sales price in 2019 was $448,000 while the average sales price reached $578,508, the second highest in the past 30 years according to the assessor’s figures.
Of the homes sold so far in 2020, 42 were at Lake Tahoe, where they averaged between $1.3 and $1.7 million.
