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FOR -SALE MARKET ANALYSIS <br />New Construction Pricing <br />Table FS-11 depicts new construction inventory for detached housing units in Ramsey and <br />Anoka County. The table depicts quarterly and annual starts, finished vacant lots, number of <br />homes under construction and homes previously built, and the number of vacant lots. All of <br />these attributes are provided based on the estimated sales price of the home. Key findings fol- <br />low. <br />• In Ramsey, there have been about 120 closings and 120 housing starts over the past year. <br />Nearly 60% of the closings have been on homes priced between $300,000 and $400,000. <br />Another 31% of closings are priced between $200,000 and $300,000. <br />U <br />d <br />70.0% <br />60.0% <br />50.0% <br />40.0% <br />30.0% <br />20.0% <br />10.0% <br />0.0% <br />Price Distribution of New Detached Homes <br />'amsey ■ Anoka County <br />$0-$200k $200k-$299k $300k-$399k $400k-$499k $500k-$599k $600k-$749k $750k-$999k $1M+ <br />Price <br />• About 10% of Ramsey homes are priced above $400,000; compared to 45% in Anoka <br />County. <br />MAXFIELD RESEARCH & CONSULTING, LLC 113 <br />