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TABLE OF CONTENTS <br /> (continued) <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 />