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