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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 />Property Type <br />Listings <br />Pct. <br />TABLE FS-8 <br />ACTIVE LISTINGS BY HOUSING TYPE <br />RAMSEY <br />June 2019 <br />Avg. List <br />Price <br />Avg. Size <br />(Sq. Ft.) <br />Avg. List Price <br />Per Sq. Ft. <br />Avg. <br />Bedrooms <br />Avg. <br />Bathrooms <br />Avg. Age <br />of Home <br />Single -Family <br />One story <br />2-story <br />Modifed 2-story <br />Split entry/Bi-level <br />4 or more split-level <br />Total <br />21 <br />23 <br />9 <br />18 <br />4 <br />75 <br />28.0% <br />30.7% <br />12.0% <br />24.0% <br />5.3% <br />100.0% <br />$369,314 <br />$418,920 <br />$377,911 <br />$293,878 <br />$379,806 <br />$368,013 <br />2,500 <br />2,896 <br />2,676 <br />2,025 <br />2,338 <br />2,520 <br />$152 <br />$151 <br />$146 <br />$152 <br />$163 <br />$152 <br />3.5 <br />4.1 <br />4.3 <br />3.7 <br />4.0 <br />3.9 <br />2.6 <br />3.3 <br />3.3 <br />2.2 <br />2.8 <br />2.8 <br />1999 <br />2013 <br />1993 <br />1988 <br />1991 <br />2000 <br />Townhomes/Twinhomes <br />Side -by -Side <br />Detached Townhomes <br />Quad Townhome <br />Total <br />14 <br />8 <br />1 <br />23 <br />60.9% <br />34.8% <br />4.3 <br />100.0% <br />$205,614 <br />$322,630 <br />$192,500 <br />$245,745 <br />1,694 <br />1,722 <br />1,666 <br />1,703 <br />Source: Regional Multiple Listing Service of MN; Maxfield Research & Consulting, LLC <br />$122 <br />$195 <br />$116 <br />$147 <br />2.9 <br />2.3 <br />3.0 <br />2.7 <br />2.7 <br />2.1 <br />2.0 <br />2.5 <br />2007 <br />2016 <br />2003 <br />2010 <br />MAXFIELD RESEARCH & CONSULTING, LLC 107 <br />