9.1 HRSR 05-01-2017 - Laserfiche WebLink

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FOR -SALE HOUSING ANALYSIS • Only 5% of the available lots are within thee subdivisions that have townhome lots platted. Consequently, nearly all the demand for new construction today is for single - family lots as townhome product suffered more so during the recession and has not recovered to the same degree as single - family product. • Although the current single - family vacant lot is waning as few new subdivisions have been platted since the recession; there are enough lots in the short -term to meet lot demand. In addition, there are 369 lots classified as future lots that will likely make the transition from future lots to finished lots to meet forthcoming demand. • The median lot size for new single - family construction is about 0.40 acres for single - family product type and 0.10 acres for attached housing products. Although there are few attached lots identified in Table FS -10; they are actively marketing twinhomes and detached townhomes in the West Oaks subdivision. Kliever Lake Fields is also actively marketing detached townhomes. MAXFIELD RESEARCH & CONSULTING, LLC 76 TABLE FS -11 VACANT LOT FOR PARCELS PLATTED SHERBURNE COUNTY 2000 to Present Elk River 253 117 Baldwin Township 248 193 Becker 69 37 Becker Township 221 130 Big Lake 118 43 Big Lake Township 70 43 Blue Hill Township 152 142 Clear Lake 40 25 Clear Lake Township 36 29 Haven Township 7 6 Livonia Township 244 162 Orrock Township 244 178 St. Cloud 26 12 Palmer Township 12 13 Princeton 10 11 Santiago Township 12 4 Zimmerman 94 53 Subtotal 1,856 1,198 Source: Sherburne County, Maxfield Research & Consulting, LLC • Only 5% of the available lots are within thee subdivisions that have townhome lots platted. Consequently, nearly all the demand for new construction today is for single - family lots as townhome product suffered more so during the recession and has not recovered to the same degree as single - family product. • Although the current single - family vacant lot is waning as few new subdivisions have been platted since the recession; there are enough lots in the short -term to meet lot demand. In addition, there are 369 lots classified as future lots that will likely make the transition from future lots to finished lots to meet forthcoming demand. • The median lot size for new single - family construction is about 0.40 acres for single - family product type and 0.10 acres for attached housing products. Although there are few attached lots identified in Table FS -10; they are actively marketing twinhomes and detached townhomes in the West Oaks subdivision. Kliever Lake Fields is also actively marketing detached townhomes. MAXFIELD RESEARCH & CONSULTING, LLC 76