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Retail Snapshot for the Rio Grande Valley, South Texas

By
Real Estate Agent with NAI Rio Grande Valley

If retail sales tax collections are a measure of economic stability, the Rio Grande Valley, South Texas has weathered the national economic storm fairly well as measured by the Texas Comptroller's August reporting period.  Retail sales tax collections were down only 2.75% for August 2009 compared to August 2008, ($127.5 million vs $124.1 million).

And while McAllen, TX was down 7.49% ($40.3 million vs $37.3 million, Edinburg, TX was up 8.7%  $9.2 million vs $10.1 million, Mercedes, TX was up 7.5% 3.8 million vs $4.2 million and Penitas was up 44.8% $154,900 vs $224,323 caused by the opening of the New Wal-Mart store.