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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 />HomeResales by Price.................................................................................................... 64 <br />Home Resales per Square Foot(„PSF)............................................................................. 65 <br />Current Supply of Homes on the Market......................................................................... 67 <br />ElkRiver 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 />SeniorHousing................................................................................................................ 107 <br />Challenges and Opportunities <br />Challenges and Opportunities......................................................................................... 110 <br />APPENDIX - DEFINITIONS.................................................................................................... 113 <br />