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City & Neighborhood Description -- continued
<br />Home Sales in Elk River, MN
<br />cores Priee
<br />500 S2av,00o
<br />450 A 180,000
<br />400 S160,000
<br />350 140,000
<br />CauN of
<br />300 120,000 How Solea
<br />250 100,000 Pef Ommler
<br />200— — — — 580,000
<br />150—
<br />I— - - — - -
<br />560,000
<br />100- - - - — - - - - — - - - - - - - - - — - - — -$4t1,000
<br />50— — — — — — — — — — — — — — — — — — — — — — —520,000
<br />Med"Price
<br />N 0 SO
<br />ry 41 4243 44 41 42 4344 41 4243 4441 42 4344 41 42 43 4441 42 43
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<br />2009 2010 2011 2012 2013 2014 ,.
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<br />Single-family new house construction building permits:
<br />Q 1997-219 buildings,average cost:$109,500
<br />a 1998-223 buildings,average cost:$126,600
<br />0 1999-204 buildings,average cost:$125,000
<br />2000-230 buildings,average cost:$142,900
<br />IM
<br />2001-178 buildings,average cost:$182,100
<br />2002-252 buildings,average cost:$177,900
<br />2003:542 buildings,average cost:$159,500
<br />2004-546 buildings,average cost:$174,800
<br />2005-344 buildings,average cost:$166,000
<br />2006-250 buildings,average cost:$182,200
<br />2007-113 buildings,average cost:$170,100
<br />2008-24 buildings,average cost:$175,500
<br />2009:20 buildings,average cost:$187,300
<br />2010:15 buildings,average cost:$205,900
<br />2011:10 buildings,average cost:$226,400
<br />2012:36 buildings,average cost:$183,000
<br />Comments: Home sale prices are on the rise. Although gradual, the number of new construction
<br />building permits is also increasing.
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<br />y CollegelUniversity in Elk River:
<br />L • Minnesota School of Business-Elk River 0(Full-time enrollment:104,Location:11580 193rd Ave NW;Private,for-profit,Website:elkriver.msbcollege.edu!)
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<br />Collegesluniversities with over 2000 students nearest to Elk River:
<br />Anoka-Ramsey Community College(about 16 miles.Coon Rapids,MN;Full-time enrollment_4,104)
<br />Hennepin Technical College(about 18 miles;Brooklyn Park,MN,FT enrollment 2,552)
<br />06 North Hennepin Community College(about 18 miles,Brooklyn Park,MN;FT enrollment:2,985)
<br />W Bethel University(about 28 miles;Saint Paul,MN;FT enrollment:3,411)
<br />Q Northwestern College(about 28 miles;Saint Paul,MN;FT enrollment_2,046)
<br />Minneapolis Community and Technical College{about 28 miles;Minneapolis,MN;FT enrollment:4,477)
<br />y Capella University(about 29 miles,Minneapolis,MN;FT enrollment 2;361)
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<br />Source:City-Data
<br />Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 21
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