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FOR -SALE MARKET ANALYSIS <br />/ Total Lots: A summation of all lots platted in a subdivision, including those closed, un- <br />der construction, and vacant. <br />/ Vacant Developed Lot (VDL): The subdivision is considered developed after subdivision <br />streets are paved and vehicles can physically drive in front of the lot. <br />Lot Supply by Lot Size <br />FS-10 depicts trends in new single-family home construction based on lot size (i.e. front foot- <br />age). The data is current as of first quarter 2019 for Ramsey and Anoka County and is broken <br />down by eight different lot size categories. <br />• Within Anoka County, the vast majority of lot closings have been with lots sized between 70 <br />and 79 feet and 80 and 89 feet. Approximately 61% of all lot closings over the past year <br />have fallen into these two categories. In Ramsey, 45% of the closed lots have fallen be- <br />tween 70 and 89 lot widths. <br />TABLE FS-10 <br />LOT SIZE ANALYSIS <br />RAMSEY & ANOKA COUNTY <br />1st QUARTER 2019 <br />Lot Size <br />(Width) <br />Quarterly <br />Starts Closings <br />Annual <br />Starts Closings <br />Finished <br />Vacant (FV) <br />Under <br />Const. (UC) <br />Housing <br />Inventory <br />Vac. Dev. <br />Lots (VDL) <br />Future <br />Lots (Fut) <br />Ramsey <br />0-49 0 0 0 0 0 0 0 0 40 <br />50 - 59 0 1 14 7 1 6 8 0 34 <br />60 - 69 4 5 31 36 5 9 14 33 165 <br />70-79 0 1 5 5 0 2 2 0 0 <br />80 - 89 8 10 43 50 2 12 15 60 19 <br />90 - 99 1 3 7 4 0 3 3 25 0 <br />100 - 109 1 0 2 0 1 1 2 5 0 <br />110 And Over 0 2 20 19 5 5 10 27 0 <br />Summary 14 22 122 121 14 38 54 150 258 <br />Anoka County <br />0-49 0 2 8 9 1 6 10 0 40 <br />50 - 59 15 3 37 21 8 22 32 59 163 <br />60-69 19 14 93 96 13 27 46 191 421 <br />70-79 33 21 159 160 17 60 86 192 245 <br />80-89 35 34 214 255 36 52 105 416 536 <br />90 - 99 7 4 27 18 1 12 14 100 154 <br />100 - 109 2 1 12 11 3 2 5 31 61 <br />110 And Over 14 19 122 110 21 55 80 372 267 <br />Summary 125 98 672 680 100 236 378 1,361 1,887 <br />Source: Metrostudy, Maxfield Research & Consulting, LLC <br />• Lot sizes have decreased since the recession as developers have sought to maximize den- <br />sity. Nearly 48% of lot closings in the Metro Area in the past year have been on lots be- <br />tween 60 feet and 79 feet. Another 24% of lot closings in the Metro Area have been from <br />MAXFIELD RESEARCH & CONSULTING, LLC <br />110 <br />