Agenda - Council - 06/28/2016 - Laserfiche WebLink

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ANOKA COUNTY HOUSING STUDY FOR -SALE HOUSING o Southern Leg — 0.26 o Blaine, Circle Pines, & Lexington — 0.20 o Andover — 0.18 Table D-5, Table D-6, & Table D-7: Actively Marketing Subdivisions • The following terms are used in the actively marketing subdivision tables: o Vacant Developed Lot (VDL): The subdivision is considered developed after subdivision streets are paved and vehicles can physically drive in front of the lot. o Closing: A home closing is recorded after the housing unit becomes occupied. o Home Inventory: A vacant developed lot becomes home inventory after the housing slab or foundation has been poured. It remains in the home inventory status until a closing has been recorded. o Future Lots Inventory: Future lots are recorded after a preliminary plat or site plan has been submitted for consideration by the city. o Total Lots: A summation of all lots platted in a subdivision, including those closed, under construction, and vacant. • In Anoka County overall, there are a total of 2,410 vacant developed single-family lots. The following submarkets have the largest lot inventories: o Anoka — 691 lots, 28.7% of County o Andover — 349 lots, 14.5% of County o Ramsey — 296 lots, 12.3% of County o Oak Grove & Nowthen — 250 units, 10.4% of County • For multifamily housing, a total of 1,095 vacant developed lots were identified with the largest inventories located in the following submarkets: o Blaine, Circle Pines, & Lexington — 525 lots, 48.0% of County o Ramsey — 238 lots, 21.8% of County o St. Francis — 107 lots, 9.8% of County Table D-8: Pending Developments • Pending developments include future phases of actively marketing subdivisions as well as site plans that are under consideration and/or approved. Table D-8 identifies lot types falling into each of these categories and provides a sum of all future lots by submarket. MAXFIELD RESEARCH INC. 88