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FOR-SALE HOUSING ANALYSIS <br /> • The average price of new construction in Elk River is approximately$250,000, or$136 per <br /> square foot for single-family housing. Comparatively, new construction detached <br /> townhomes and twinhomes are priced similar to single-family housing and averaging prices <br /> around $236,000($152 PSF). <br /> • According to recent data provided by Sherburne County, vacant platted lots have decreased <br /> significantly since 2012. Elk River experienced a decline from 253 lots in 2012 down to 117 <br /> lots in 2015. This equates to just over half of the platted lots in Elk River being absorbed <br /> since 2012. <br /> Pending For-Sale Developments <br /> According to the City of Elk River, there are no pending for-sale housing developments in the <br /> planning process at this time. <br /> MAXFIELD RESEARCH&CONSULTING,LLC 77 <br />