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<br />TWIN LAKES, Roseville, Minnesota
<br />Market Assessment & Demand Analysis
<br />
<br />Table 2
<br />
<br />Condo-Townhouse Market Assessment
<br />
<br />Household Income Distribution, 2004
<br />Twin lakes Competitive Market Area & Twin Cities Metro Area
<br />
<br /> Competitive Market Area Twin Cities Metro Area
<br />Households bv Income Number Pet. Number Pet.
<br />Less than $15,000 3,451 7.6% 93,736 8.5%
<br />$15,000 to $24,999 3,908 8.6% 93,035 8.4%
<br />$25,000 to $34,999 4,481 9.9% 108,753 9.9%
<br />$35,000 to $49,999 6,833 15.0% 161,245 14.6%
<br />$50,000 to $74,999 9,345 20.6% 238,667 21.7%
<br />$75,000 to $99,999 6,935 15.3% 174,651 15.9%
<br />$100,000 and Over 10.504 23.1% 231.438 21.0%
<br />Total Households 45,457 100.0% 1,101,525 100.0%
<br />Median Income $59,984 $59,108
<br />Source: SRC LLC
<br />
<br />
<br />Household Tenure, 2004
<br />Twin lakes Competitive Market Area & Twin Cities Metro Area
<br />
<br />Owners
<br />
<br />Renters
<br />
<br />Competitive Market Area
<br />Twin Cities Metro Area
<br />
<br />No.
<br />33,260
<br />801,277
<br />
<br />Source: SRC LLC.
<br />
<br />
<br />Pet.
<br />65.5%
<br />72.4%
<br />
<br />No.
<br />12,197
<br />300,248
<br />
<br />Pet.
<br />34.5%
<br />27.6%
<br />
<br />Residential Building Permits, 2001-Present
<br />Roseville Competitive Market Area and Twin Cities Metro Area
<br />
<br />Single Family
<br />
<br />2001
<br />2002
<br />2003
<br />2004 (throu~h 3rd Qtr)
<br />Total
<br />
<br />Re~ion
<br />11,572
<br />11,608
<br />13,727
<br />10,224
<br />47,131
<br />
<br />Market Area
<br />26
<br />13
<br />34
<br />64
<br />137
<br />
<br />Source: Twin Cities Metro olitan Council
<br />
<br />Multifamily
<br />
<br />Total Permits
<br />
<br />Re~ion
<br />4,537
<br />7,186
<br />6,238
<br />4,400
<br />22,361
<br />
<br />Market Area
<br />2
<br />o
<br />226
<br />56
<br />284
<br />
<br />Market Area
<br />28
<br />13
<br />260
<br />120
<br />421
<br />
<br />Re~ion
<br />16,109
<br />18,794
<br />19,965
<br />14,624
<br />69,492
<br />
<br />GV A Marquette Advisors
<br />
<br />Page 10
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