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FOR -SALE MARKET ANALYSIS <br />• Two -level splits account for nearly one -quarter of single-family listings and are the most <br />"affordable" with an average list price of $294,000; significantly lower than most single- <br />family product types. This is a result of a smaller foundation size and fewer finished <br />square feet than all other single-family types. <br />• New detached townhomes ($320,000+) account for the majority of multifamily for -sale <br />listings and have the highest PSF costs among all housing units for sale ($195 PSF). Most <br />detached townhomes are one -level living homes with at least 1,500 square feet on the <br />main level that target buyers seeking association -maintained housing. <br />TABLE FS-8 <br />ACTIVE LISTINGS BY HOUSING TYPE <br />RAMSEY <br />June 2019 <br />Avg. List <br />Avg. Size <br />Avg. List Price <br />Avg. <br />Avg. <br />Avg. Age <br />Property Type <br />Listings <br />Pct. <br />Price <br />(Sq. Ft.) <br />Per Sq. Ft. <br />Bedrooms <br />Bathrooms <br />of Home <br />Single -Family <br />One story 21 28.0% $369,314 2,500 $152 3.5 2.6 1999 <br />2-story 23 30.7% $418,920 2,896 $151 4.1 3.3 2013 <br />Modifed 2-story 9 12.0% $377,911 2,676 $146 4.3 3.3 1993 <br />Split entry/Bi-level 18 24.0% $293,878 2,025 $152 3.7 2.2 1988 <br />4 or more split-level 4 5.3% $379,806 2,338 $163 4.0 2.8 1991 <br />Total 75 100.0% $368,013 2,520 $152 3.9 2.8 2000 <br />Townhomes/Twinhomes <br />Side -by -Side 14 60.9% $205,614 1,694 $122 2.9 2.7 2007 <br />Detached Townhomes 8 34.8% $322,630 1,722 $195 2.3 2.1 2016 <br />Quad Townhome 1 4.3% $192,500 1,666 $116 3.0 2.0 2003 <br />Total 23 100.0% $245,745 1,703 $147 2.7 2.5 2010 <br />Source: Regional Multiple Listing Service of MN; Maxfield Research & Consulting, LLC <br />MAXFIELD RESEARCH & CONSULTING, LLC 106 <br />