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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 />