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FOR SALE MARKET ANALYSIS <br />For -Sale Housing Resales <br />$300,000 <br />$ 250,000 <br />$200,000 <br />d <br />u <br />L <br />a <br />2 $150,000 <br />LA <br />$100,000 <br />$50,000 <br />$0 <br />Elk River For -Sale Resales- 2000 to 2017 <br />_b% 200? 2001 ?ooh _oq20os ?00 ?oo, ?po& 2009 2010 2011 201� ?010 ?o1A 20VS ?016 ?01, <br />Year <br />700 <br />600 <br />500 <br />400 <br />d <br />d <br />300 °C <br />200 <br />100 <br />0 <br />MAXFIELD RESEARCH AND CONSULTING 32 <br />TABLE FS -1 <br />HOME RESALES <br />CITY <br />OF ELK RIVER <br />2000 to 2017 <br />No. <br />Avg. Sales <br />Avg. % <br />Med. Sales <br />Median % <br />Days on Market <br />Cumul. <br />DOM' <br />% Lender <br />Year <br />Sold <br />Price <br />Change <br />Price <br />Change <br />Avg. <br />Median <br />Avg. <br />Median <br />Mediated <br />2000 <br />353 <br />$172,769 <br />- <br />$159,000 <br />- <br />49 <br />25 <br />2005 <br />519 <br />$254,038 <br />6.5% <br />$234,900 <br />4.7% <br />88 <br />61 <br />- <br />- <br />- <br />2010 <br />313 <br />$173,153 <br />4.2% <br />$160,000 <br />1.3% <br />70 <br />49 <br />134 <br />77 <br />69.9% <br />2011 <br />382 <br />$145,781 <br />-15.8% <br />$132,000 <br />-17.5% <br />88 <br />59 <br />147 <br />106 <br />70.2% <br />2012 <br />390 <br />$162,862 <br />11.7% <br />$157,000 <br />18.9% <br />81 <br />50 <br />114 <br />' 68 <br />56.7% <br />2013 <br />445 <br />$184,650 <br />13.4% <br />$172,000 <br />9.6% <br />56 <br />35 <br />82 <br />47 <br />33.8% <br />2014 <br />466 <br />$207,424 <br />12.3% <br />$195,000 <br />13.4% <br />60 <br />42 <br />78 <br />49 <br />17.6% <br />2015 <br />532 <br />$220,638 <br />6.4% <br />$214,450 <br />10.0% <br />51 <br />33 <br />74 <br />41 <br />10.7% <br />2016 <br />496 <br />$234,248 <br />6.2% <br />$230,500 <br />7.5% <br />42 <br />23 <br />61 <br />' 29 <br />7.4% <br />2017 <br />583 <br />$258,287 <br />10.3% <br />$245,000 <br />6.3% <br />41 <br />25 <br />51 <br />30 <br />4.0% <br />Total 00'-17' <br />7,268 <br />Summary 00' to <br />10' <br />Change <br />0.2% <br />0.6% <br />Average <br />428 <br />$210,270 <br />$193,977 <br />70 <br />48 <br />170 <br />124 <br />Summary 11' to <br />17' <br />Change <br />77.2% <br />85.6% <br />Average <br />471 <br />$201,984 <br />$1920279 <br />60 <br />38 <br />53 <br />' Cumulative Days on Market initiated in 2006. Cumulative days equals the number of days on <br />market over the course <br />of the past <br />year (i.e. <br />covers number <br />of days if the property was <br />relisted) <br />z Lender Mediated <br />Properties <br />include foreclosures and short <br />sales. MLS data for this property type began in July 2008. <br />Sources: Regional Multiple <br />Listing Service <br />of Minnesota, <br />Maxfield Research & Consulting, LLC <br />$300,000 <br />$ 250,000 <br />$200,000 <br />d <br />u <br />L <br />a <br />2 $150,000 <br />LA <br />$100,000 <br />$50,000 <br />$0 <br />Elk River For -Sale Resales- 2000 to 2017 <br />_b% 200? 2001 ?ooh _oq20os ?00 ?oo, ?po& 2009 2010 2011 201� ?010 ?o1A 20VS ?016 ?01, <br />Year <br />700 <br />600 <br />500 <br />400 <br />d <br />d <br />300 °C <br />200 <br />100 <br />0 <br />MAXFIELD RESEARCH AND CONSULTING 32 <br />