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2. CCSR-HRSR 09-04-2012 SPEC JOINT
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2. CCSR-HRSR 09-04-2012 SPEC JOINT
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9/4/2012 10:59:56 AM
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City Government
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HRSR
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9/4/2012
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FOR-SALE MARKET ANALYSIS <br /> • Over 70% of multifamily listings are priced under $125,000. However, only 14% of single- <br /> family listings are under $125,000. For single-family listings, 36% are priced between <br /> $150,000 and $199,999 and 35% are priced between $200,000 and $299,999. <br /> • All of the current townhome listings are all side-by-sides. There are no twinhomes, quads, <br /> or detached townhomes for-sale at this time. <br /> • Single-family listings are rather evenly distributed among various housing types. Two- <br /> story's and larger made up the highest percentage (34%) of active listings. <br /> Elk River Active Listings - June 2011 <br /> 40 <br /> a Single-Family <br /> 35 <br /> •Multifamily <br /> 30 <br /> ao 25 <br /> c <br /> -J 20 <br /> a 15 <br /> 5 <br /> 4H11 <br /> Under$100k $100k to $150k to $200k to $250k to $300k to $400k+ <br /> $149.9k $199.9k $249.9k $299.9k $399.9k <br /> List Price <br /> TABLE FS-5 <br /> ACTIVE LISTINGS BY HOUSING TYPE <br /> June 2012 <br /> Property Type Listings Pct. <br /> Single-family 107 81.7% <br /> Townhome/Twinhome 19 14.5% <br /> Condominium 5 3.8% <br /> Total 131 100.0% <br /> Sources: Regional Multiple Listing Service of MN; Maxfield Research Inc. <br /> MAXFIELD RESEARCH INC. 66 <br />
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