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FOR-SALE MARKET ANALYSIS Elk River Lot Supply TablesFS-9, FS-10, and FS-11 showan inventory of lots within platted subdivisions in Elk River. The table includes information on the year the subdivision was p platted, number of lots developed, lots available, and type of lThe data in Tables FS-9 and FS-10 was provided by Metrostudy (a nationally recognized firm providi residential housing market). The data in Table FS-11 was provided by Sherburne County. The following terms are used in the lot inventory tables: Annual Starts and Closings: The sum of activity for the most recent four quarters. Closing: Defined as when a move in has occurred and the home is occu Future Lots Inventory: Future lots are recorded after a preliminary plat or site plahas been submitted for consideration by the city. Lot Front: Range of all lot sizes within the subdivision; based on the l Occupied: A buyer has taken possession of the home that was previously construction or a model home. Price: Range of all base home price offered within the subdivision Starts: The housing slab or foundation has been poured. Total Lots: A summation of all lots platted in a subdivision, including t under construction, and vacant. Vacant Developed lot (VDL): The subdivision is considered developed after subdivision streets are paved and vehicles can physically drive in front of The following are key points from Tables FS-9 and FS-10: nd As of 2 Quarter 2015, Elk River had a total of 200 vacant lots within 26 However, 188 of the vacant lots were single-family lots while 11 vacant lots were attached lots. The majority of the subdivisions (20) were platted between 2000 oughly 54% of the lots were platted between 2004 and 2006, the peak years of t There have been three subdivisions platted recently in over the past two years. 73 MAXFIELD RESEARCH & CONSULTING, LLC