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FOR-SALE MARKET ANALYSIS <br /> TABLE FS-1 <br /> HOME RESALES <br /> CITY OF ELK RIVER <br /> 2000 to 2015(First Half) <br /> No. Avg.Sales Avg.% Med.Sales Median% Days on Market Cumul.DOM1 %Lender <br /> Year Sold Price Change Price Change Avg. Median Avg. Median Mediated2 <br /> - <br /> 2000 353 $172,769 - $159,000 - 49 25 - - - <br /> 2001 324 $187,299 8.4% $172,900 8.7% 56 36 - - - <br /> 2002 435 $210,268 12.3% $186,000 7.6% 61 38 - - - <br /> 2003 466 $227,956 8.4% $208,149 11.9% 61 39 - - - <br /> 2004 611 $238,559 4.7% $224,350 7.8% 57 39 - - - <br /> 2005 519 $254,038 6.5% $234,900 4.7% 88 61 - - - <br /> 2006 439 $248,640 -2.1% $230,000 -2.1% 83 58 169 111 - <br /> 2007 360 $233,069 -6.3% $210,450 -8.5% 85 66 206 178 - <br /> 2008 340 $201,085 -13.7% $190,000 -9.7% 82 61 180 152 50.6% <br /> 2009 397 $166,138 -17.4% $158,000 -16.8% 75 55 163 101 71.5% <br /> 2010 313 $173,153 4.2% $160,000 1.3% 70 49 134 77 69.9% <br /> 2011 382 $145,781 -15.8% $132,000 -17.5% 88 59 147 106 70.2% <br /> 2012 390 $162,862 11.7% $157,000 - 18.9% 81 50 114 68 56.7% <br /> 2013 445 $184,650 13.4% $172,000 9.6% 56 35 82 47 33.8% <br /> 2014 466 $207,424 12.3% $195,000 13.4% 60 42 78 49 17.6% <br /> 2015* 272 $216,840 4.5% $209,975 7.7% 61 36 85 39 11.8% <br /> Total 00'-14' 6,512 <br /> Summary 00'to 10' <br /> Change 0.2% 0.6% <br /> Average 407 $210,270 $193,977 70 <br /> Summary 11'to 15' <br /> Change 48.7% 59.1% <br /> Average 391 $183,511 $173,195 69 44 101 62 <br /> *January through June 30,2015 <br /> 1 Cumulative Days on Market initiated in 2006. Cumulative days equals the number of days on market over the course of the past year(i.e.covers number <br /> of days if the property was relisted) <br /> 2 Lender Mediated Properties include foreclosures and short sales. MLS data for this property type began in July 2008. <br /> Sources:Regional Multiple Listing Service of Minnesota,Maxfield Research&Consulting,LLC <br /> MAXFIELD RESEARCH&CONSULTING,LLC 60 <br />