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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 />Lot Size <br />(Width) <br />'Ramsey <br />0-49 <br />50-59 <br />60-69 <br />70-79 <br />80 - 89 <br />90 - 99 <br />100 - 109 <br />110 And Over <br />Summary <br />'Anoka County <br />0-49 <br />50-59 <br />60-69 <br />70-79 <br />80 - 89 <br />90 - 99 <br />100 - 109 <br />110 And Over <br />Summary <br />Quarterly <br />Starts Closings <br />0 <br />0 <br />4 <br />0 <br />8 <br />1 <br />1 <br />0 <br />14 <br />0 <br />1 <br />5 <br />1 <br />10 <br />3 <br />0 <br />2 <br />22 <br />TABLE FS-10 <br />LOT SIZE ANALYSIS <br />RAMSEY & ANOKA COUNTY <br />1st QUARTER 2019 <br />Annual <br />Starts Closings <br />0 <br />14 <br />31 <br />5 <br />43 <br />7 <br />2 <br />20 <br />122 <br />0 <br />7 <br />36 <br />5 <br />50 <br />4 <br />0 <br />19 <br />121 <br />Finished <br />Vacant (FV) <br />0 <br />1 <br />5 <br />0 <br />2 <br />0 <br />1 <br />5 <br />14 <br />Under <br />Const. (UC) <br />0 <br />6 <br />9 <br />2 <br />12 <br />3 <br />1 <br />5 <br />38 <br />0 <br />8 <br />14 <br />2 <br />15 <br />3 <br />2 <br />10 <br />54 <br />Lots (VOL) <br />0 <br />0 <br />33 <br />0 <br />60 <br />25 <br />5 <br />27 <br />150 <br />Future <br />Lots (Fut) <br />40 <br />34 <br />165 <br />0 <br />19 <br />0 <br />0 <br />0 <br />258 <br />0 2 8 9 1 6 10 0 40 <br />15 3 37 21 8 22 32 59 163 <br />19 14 93 96 13 27 46 191 421 <br />33 21 159 160 17 60 86 192 245 <br />35 34 214 255 36 52 105 416 536 <br />7 4 27 18 1 12 14 100 154 <br />2 1 12 11 3 2 5 31 61 <br />14 19 122 110 21 55 80 372 267 <br />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 />80 to 89 feet. About 11% of lots have widths larger than 110 feet; these would generally be <br />considered executive lots. <br />MAXFIELD RESEARCH & CONSULTING, LLC 111 <br />