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Mr. Tim Gladhill <br />City of Ramsey <br />January 25, 2019 <br />Page 9 <br />5. Interview area housing professionals and other local governmental staff regarding <br />housing conditions, economic development trends, and other factors that affect the <br />local housing markets. <br />6. Identify the residential land supply and its impact on potential housing production. <br />7. Conduct a windshield survey of housing properties in Ramsey. The windshield sur- <br />vey provides a visual assessment of the general conditions of the housing stock. <br />Comment on properties or neighborhoods with code enforcement concerns and <br />other substandard housing issues that have undesirable housing conditions. <br />8. Discuss the implications of the findings on housing demand in Ramsey. <br />F. For -Sale Housing Market Analysis <br />1. Collect data on housing resale values (single-family and multifamily); examine price <br />distribution and average/median sale price of home resales in Ramsey and the draw <br />area (Note: this may require assistance from the city or county assessor). <br />2. Analyze data on the inventory and list price of homes currently for sale. <br />3. Survey active and recently completed for -sale housing developments (single-family <br />homes, townhomes, twin homes, etc.) in Ramsey and the surrounding area; analyze <br />information on product types, lot sizes, home sizes, sale prices, buyer profile, and <br />absorption (if available). For condominium or cooperative products (if any), provide <br />data on building and unit amenities and common areas. <br />4. Identify Ramsey 's residential lot supply and the impact on potential housing <br />production. Present information on vacant lots by year platted, subdivision, pricing, <br />etc. <br />5. Identify pending for -sale housing developments in Ramsey and the draw area, and <br />discuss the likely impact of these developments on the housing market. <br />6. Interview real estate sales agents, developers, and builders to assess the overall <br />strength of the for -sale housing market, buyer profiles, the impact of <br />foreclosures/short sales on the housing market, desired housing types and price <br />range, and unmet market niches. <br />7. Based on a windshield survey of homes in Ramsey and interviews with City staff and <br />Realtors discuss the overall condition of the owner -occupied housing stock in the <br />City. <br />G. General Occupancy Rental Market Analysis <br />1. Survey larger (8-units or more) general occupancy rental housing projects, including <br />subsidized (deep subsidy/extremely low income), affordable (shallow subsidy/very <br />low income), workforce housing (80% to 120% of AMI) and market rate develop- <br />ments in the City. Map locations of the multifamily housing stock. <br />2. Analyze data collected from the rental survey on year built/remodeled, monthly <br />rents, vacancies, rents per foot, unit types/sizes and features, common area ameni- <br />ties, and resident profiles. <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />