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FOR-SALE MARKET ANALYSIS
<br />TABLE FS-2
<br />SINGLE-FAMILY AND MULTIFAMILY RESIDENTIAL SALES
<br />CITY OF ELK RIVER
<br />2000 through 2015 (1st Half)
<br />MedianAverage
<br />NumberSelling%Selling%
<br />Yearof SalesPriceChg.PriceChg.
<br />Single-Family
<br />2000318$162,400--$175,779--
<br />2001288$174,7007.6%$191,4338.9%
<br />2002358$199,92514.4%$219,40114.6%
<br />2003360$222,00011.0%$244,36611.4%
<br />2004470$239,2507.8%$256,3514.9%
<br />2005411$251,9005.3%$272,3836.3%
<br />2006325$251,500-0.2%$273,7850.5%
<br />2007252$249,230-0.9%$260,260-4.9%
<br />2008262$205,950-17.4%$220,158-15.4%
<br />2009308$172,950-16.0%$183,223-16.8%
<br />2010235$181,0004.7%$193,9315.8%
<br />2011273$160,000-11.6%$166,955-13.9%
<br />2012293$175,0009.4%$181,4398.7%
<br />2013350$189,4508.3%$202,38511.5%
<br />2014353$214,90013.4%$225,62311.5%
<br />2015^208$227,2505.7%$234,6924.0%
<br />Pct. Change
<br />00' - 14'11.0%32.3%28.4%
<br />Multifamily*
<br />200035$142,580--$145,163--
<br />200136$146,4002.7%$154,2276.2%
<br />200277$152,1974.0%$167,8038.8%
<br />2003106$162,2006.6%$172,2222.6%
<br />2004141$167,1233.0%$179,2534.1%
<br />2005108$172,7753.4%$184,2272.8%
<br />2006114$167,025-3.3%$176,956-3.9%
<br />2007108$164,995-1.2%$169,623-4.1%
<br />200878$132,500-19.7%$137,021-19.2%
<br />200989$100,000-24.5%$107,015-21.9%
<br />201078$107,4427.4%$110,5553.3%
<br />2011109$90,000-16.2%$92,842-16.0%
<br />201297$105,00016.7%$106,74615.0%
<br />201395$117,50011.9%$119,31311.8%
<br />2014113$135,00014.9%$150,57026.2%
<br />2015^64$146,5008.5%$158,8185.5%
<br />Pct. Change
<br />00' - 14'222.9%-5.3%3.7%
<br />^2015: Sales from January to June
<br />* Multifamily includes twinhomes, townhomes, and condominiums (c
<br />not listed in the MLS)
<br />Source: Regional Multiple Listing Service of MN; Maxfield Resea
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<br />MAXFIELD RESEARCH & CONSULTING, LLC
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