Laserfiche WebLink
TABLE OF CONTENTS <br />(continued) <br /> <br />Page <br />FOR-SALE MARKET ANALYSIS ............................................................................................. 59 <br />Introduction ..................................................................................................................... 59 <br />Overview of For-Sale Housing Market Conditions.......................................................... 59 <br />Home Resales by Price .................................................................................................... 64 <br />Home Resales per Square Foot (“PSF)............................................................................. 65 <br />Current Supply of Homes on the Market......................................................................... 67 <br />Elk River Lot Supply.......................................................................................................... 73 <br />HOUSING DEMAND ANALYSIS ............................................................................................ 78 <br />Introduction ..................................................................................................................... 78 <br />Demographic Profile and Housing Demand .................................................................... 78 <br />Housing Demand Overview ............................................................................................. 79 <br />Estimated Demand for For-Sale Housing ......................................................................... 83 <br />Estimated Demand for General Occupancy Rental Housing ........................................... 84 <br />Estimated Demand for Independent Adult Few Services Senior Housing ...................... 86 <br />Estimated Demand for Affordable Independent Senior Housing.................................... 88 <br />Estimated Demand for Subsidized Senior Housing ......................................................... 89 <br />Estimated Demand for Congregate Senior Housing ........................................................ 90 <br />Demand Estimate for Assisted Living Housing ................................................................ 92 <br />Estimated Demand for Memory Care Housing ................................................................ 94 <br />RECOMMENDATIONS AND CONCLUSIONS........................................................................ 97 <br />Introduction/Overall Housing Recommendations .......................................................... 97 <br />Recommended Housing Product Types .......................................................................... 100 <br />For-Sale Housing ............................................................................................................. 100 <br />General Occupancy Rental Housing ................................................................................ 105 <br />Senior Housing ................................................................................................................ 107 <br />Challenges and Opportunities <br /> Challenges and Opportunities......................................................................................... 110 <br />APPENDIX -DEFINITIONS.................................................................................................... 113 <br /> <br />