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FOR SALE MARKET ANALYSIS <br />MAXFIELD RESEARCH AND CONSULTING 33 <br />TABLE FS -2 <br />SINGLE-FAMILY AND MULTIFAMILY RESIDENTIAL SALES <br />CITY OF ELK RIVER <br />2000 through 2017 <br />Median <br />Average <br />Number <br />Selling <br />% <br />Selling <br />% <br />Year <br />of Sales <br />Price Chg. <br />Price <br />Chg. <br />Single -Family <br />2000 <br />318 <br />$162,400 <br />- <br />$175,779 <br />-- <br />2005 <br />411 <br />$251,900 <br />5.3% <br />$272,383 <br />6.3% <br />2010 <br />235 <br />$181,000 <br />4.7% <br />$193,931 <br />5.8% <br />2011 <br />273 <br />$160,000 <br />-11.6% <br />$166,955 <br />-13.9% <br />2012 <br />293 <br />$175,000 <br />9.4% <br />$181,439 <br />8.7% <br />2013 <br />350 <br />$189,450 <br />8.3% <br />$202,385 <br />11.5% <br />2014 <br />353 <br />$214,900 <br />13.4% <br />$225,623 <br />11.5% <br />2015 <br />404 <br />$237,536 <br />10.5% <br />$228,000 <br />1.1% <br />2016 <br />367 <br />$256,356 <br />7.9% <br />$242,396 <br />6.3% <br />2017 <br />437 <br />$282,550 <br />10.2% <br />$269,900 <br />11.3% <br />Pct. Change <br />00'- 17' <br />37.4% <br />74.0% <br />53.5% <br />Multifamily* <br />2000 <br />35 <br />$142,580 <br />-- <br />$145,163 <br />-- <br />2005 <br />108 <br />$172,775 <br />3.4% <br />$184,227 <br />2.8% <br />2010 <br />78 <br />$107,442 <br />7.4% <br />$110,555 <br />3.3% <br />2011 <br />109 <br />$90,000 <br />-16.2% <br />$92,842 <br />-16.0% <br />2012 <br />97 <br />$105,000 <br />16.7% <br />$106,746 <br />15.0% <br />2013 <br />95 <br />$117,500 <br />11.9% <br />$119,313 <br />11.8% <br />2014 <br />113 <br />$135,000 <br />14.9% <br />$150,570 <br />26.2% <br />2015 <br />128 <br />$167,304 <br />23.9% <br />$152,450 <br />1.2% <br />2016 <br />129 <br />$172,353 <br />3.0% <br />$155,000 <br />1.7% <br />2017 <br />146 <br />$185,665 <br />7.7% <br />$167,500 <br />8.1% <br />Pct. Change <br />00'- 17' <br />317.1% <br />30.2% <br />15.4% <br />* Multifamily includes twinhomes, townhomes, and condominiums (cooperatives are typically <br />not listed in the <br />MLS) <br />Source: Regional Multiple Listing Service of MN; Maxfield Research & Consulting, LLC <br />MAXFIELD RESEARCH AND CONSULTING 33 <br />