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FOR -SALE MARKET ANALYSIS <br />• New construction in Ramsey has historically been lower than the Metro Area. Since 2005, <br />new construction in Ramsey has been priced about 18% lower. In 2019, the median PSF <br />cost for a new home in Ramsey was $152 vs. $174 in the Metro Area. <br />TABLE FS-4 <br />AVERAGE & MEDIAN SALES PRICE PER SQUARE FOOT (PSF) <br />RAMSEY, ANOKA COUNTY, AND TWIN CITIES METRO AREA <br />2005 to 2019 (May) <br />Year <br />Ramsey <br />Avg. <br />Median <br />Anoka County <br />Avg. Median <br />Twin Cities Metro Area <br />Avg. Median <br />2005 <br />$131 <br />$124 <br />$137 <br />$130 <br />$150 <br />$138 <br />2006 <br />$130 <br />$126 <br />$136 <br />$129 <br />$150 <br />$138 <br />2007 <br />$123 <br />$117 <br />$128 <br />$122 <br />$143 <br />$132 <br />2008 <br />$103 <br />$98 <br />$106 <br />$103 <br />$120 <br />$113 <br />2009 <br />$86 <br />$83 <br />$92 <br />$90 <br />$104 <br />$98 <br />2010 <br />$85 <br />$80 <br />$91 <br />$87 <br />$104 <br />$97 <br />2011 <br />$76 <br />$71 <br />$79 <br />$76 <br />$93 <br />$86 <br />2012 <br />$82 <br />$77 <br />$86 <br />$83 <br />$101 <br />$93 <br />2013 <br />$100 <br />$92 <br />$98 <br />$95 <br />$113 <br />$106 <br />2014 <br />$104 <br />$100 <br />$106 <br />$102 <br />$122 <br />$112 <br />2015 <br />$108 <br />$104 <br />$112 <br />$107 <br />$127 <br />$117 <br />2016 <br />$118 <br />$113 <br />$119 <br />$115 <br />$134 <br />$124 <br />2017 <br />$123 <br />$119 <br />$128 <br />$122 <br />$143 <br />$132 <br />2018 <br />$134 <br />$129 <br />$138 <br />$132 <br />$154 <br />$142 <br />2019* <br />$137 <br />$131 <br />$140 <br />$134 <br />$157 <br />$144 <br />* Through May 2019 <br />Note: Twin Cities Metro Area = Twin Cities MSA <br />Source: 10K Research & Marketing, Maxfield Research & Consulting, LLC <br />MAXFIELD RESEARCH & CONSULTING, LLC 100 <br />