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Home sales prices continue to recover... <br /> Overall Resales <br /> ➢ Market activity improved drastically ' Median sales price: <br /> since downturn <br /> • Peaked in 2005:$234,900 <br /> ➢ Housing metrics all positive over past • 2015:$210,000 <br /> year(days on market,PSF pricing,etc.) • Trough in 2011:$132,000 <br /> ➢ Low inventory of homes for sale • PSF:$96(2015)vs.$69(2011) <br /> • <br /> ➢ New construction increasing;but much Resales peaked in'04: 611 <br /> slower pace than last decade ➢ Single-family:80%of resale market <br /> Elk River For-Sale Resales-2000 to 2015 <br /> $300,000 700 <br /> a.�re, .-_Measoia via -,wra,.saimn <br /> $250,000 _-____ 600 <br /> Y5 500 <br /> $200,000. 41 <br /> rXiii : <br /> 1$100A00 n I I I I I ii n i I I 172 300 <br /> $50,000 I I I I I I I I I I I I I I I _100 <br /> -_ I 0 7 Maxfield <br /> Z%.0 .%.0,.4, X.0i 76?M>?t "O "Ors'oa 4V• <br /> Supply Side — inventory is dwindling <br /> Active Listings(August 2015) Avg. Price Per Sq.Ft. <br /> • 150 listings in Elk River • Single-family:$112/PSF <br /> • Median price:$246,000 • Multi-family:$127/PSF <br /> • 72%SF vs.27%MF Months Supply <br /> • 2015:3.1 months <br /> • 2008: 11.4 months <br /> Elk River Active Listings-August 2015 <br /> 35 <br /> 30 115in¢le-Fami_ly_ •Multifamlty__.___, <br /> • <br /> 0 -- <br /> Under 5100k $1001 to $1501 to 02001 to 0250k to $3001 to $4006+ <br /> $149.9k 0199.9k $249.9k $2993k 0399.96 19 Maxfield <br /> List Price <br /> I; <br /> 7 <br />