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T~~ ~ oo+ <br />Market Updates for zos Twin Cities Communities <br />A free research tool from the NoRh Metro REALTORS®Asaooladon <br />Brought to you by the unique data-sharing Vadifions of the REALTOR® community <br />Elk River <br />Sherburne County, MN <br />New Listings <br />Closed Sales <br />Median Sales Price <br />Average Sales Price <br />Percent of Original List Price Received at Sale• <br />Average Days on Market Until Sale•• <br />Single-Family Detached Inventory <br />Townhouse-Condo Inventory <br />'Does not account for list prices from any previous listing contracts <br />Activity-Year to Date <br />^ 2008 <br />495 ^ 2009 <br />Median Sales Price <br />New Listings <br />149 164 <br />Closed Sales <br />Percent of Original List Price Received <br />91.3% 91.0% <br />86.8 % ~ 2008 <br />^ 2009 <br />88.4% <br />June Year to Date <br />Average Days on Market Until Sale <br />181 <br />151 <br />June <br />Inventory of Homes for Sale <br />273 <br />^ 2008 <br />^ 2009 <br />__ ::,,.:. , 168 <br />80 <br />61 <br />Single-Family Detached Townhouse-Condo <br />Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due <br />to the small sample size involved. For broader historical market information, please feel free to contact us. <br />R <br />North Metro REALT~R$ ' Association <br /> June Year to Date <br />2008 2009 Change 2008 2009 Change <br />70 74 + 5.7% 495 390 - 21.2% <br />33 37 + 12.1% 149 164 + 10.1% <br />$185,000 $155,000 - 16.2% $195,000 $161,900 - 17.0% <br />$211,766 $164,666 - 22.2% $214,226 $168,272 - 21.5% <br />91.3% 86.8% - 4.9% 91.0°h 88.4% - 2.9% <br />151 161 + 6.4% 162 156 - 3.7% <br />273 168 - 38.5% -- - -- <br />80 61 - 23.8% -- -- -- <br />"Cirymarket time figures are based on Cumulative Days on Market, which does accou nt for previous listing contrails <br />®2009 Minneapolis Area Association of REALTORS®. The Nonh Metro REALTORS®Association uses it under lisence. <br />