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City & Neighborhood Description -- continued
<br /> Home Sales in Elk River, MN
<br /> cores Priee
<br /> 500 S2av,00o
<br /> 450 A $180,000
<br /> 400 S160,000
<br /> 350 — $140,000
<br /> CauN of
<br /> 300 — $120,000 How Solea
<br /> 250 — — $100,000 Pef
<br /> Ommler
<br /> 200— — — — — — — 580,000
<br /> 150—I— - - — - - - - - - - — — 560,000
<br /> 100- - - - — - - - - — - - - - - - - - - — - - — -$4t1,000 �
<br /> 50— — — — — — — — — — — — — — — — — — — — — — —520,000 Med"Price
<br /> N 0 SO
<br /> ry 41 4243 44 41 42 4344 41 4243 4441 42 4344 41 42 43 4441 42 43
<br /> C 2009 2010 2011 2012 2013 2014 ■,.
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<br /> ca
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<br /> Single-family new house construction building permits:
<br /> Q 1997-219 buildings,average cost:$109,500
<br /> a 1998-223 buildings,average cost:$126,600
<br /> 0 1999-204 buildings,average cost:$125,000
<br /> • 2000-230 buildings,average cost:$142,900
<br /> IM 2001-178 buildings,average cost:$182,100
<br /> • 2002-252 buildings,average cost:$177,900
<br /> • 2003:542 buildings,average cost:$159,500
<br /> • 2004-546 buildings,average cost:$174,800
<br /> • 2005-344 buildings,average cost:$166,000
<br /> • 2006-250 buildings,average cost:$182,200
<br /> • 2007-113 buildings,average cost:$170,100
<br /> • 2008-24 buildings,average cost:$175,500
<br /> • 2009:20 buildings,average cost:$187,300
<br /> • 2010:15 buildings,average cost:$205,900
<br /> • 2011:10 buildings,average cost:$226,400
<br /> • 2012:36 buildings,average cost:$183,000
<br /> Comments: Home sale prices are on the rise. Although gradual, the number of new construction
<br /> building permits is also increasing.
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<br /> •y CollegelUniversity in Elk River:
<br /> L • Minnesota School of Business-Elk River 0(Full-time enrollment:104,Location:11580 193rd Ave NW;Private,for-profit,Website:elkriver.msbcollege.edu!)
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<br /> Collegesluniversities with over 2000 students nearest to Elk River:Anoka-Ramsey Community College(about 16 miles.Coon Rapids,MN;Full-time enrollment_4,104)
<br /> Hennepin Technical College(about 18 miles;Brooklyn Park,MN,FT enrollment 2,552)
<br /> 06 North Hennepin Community College(about 18 miles,Brooklyn Park,MN;FT enrollment:2,985)
<br /> W Bethel University(about 28 miles;Saint Paul,MN;FT enrollment:3,411)
<br /> Q Northwestern College(about 28 miles;Saint Paul,MN;FT enrollment_2,046)
<br /> Minneapolis Community and Technical College{about 28 miles;Minneapolis,MN;FT enrollment:4,477)
<br /> y Capella University(about 29 miles,Minneapolis,MN;FT enrollment 2;361)
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<br /> Source:City-Data
<br /> Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 21
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