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$390,000 <br />$340,000 <br />$290,000 <br />$240,000 <br />$190,000 <br />$140,000 <br />$90,000 <br />$40,000 <br />Edina Housing Task Force <br />DRAFT March 2006 <br />Appendix B <br />Change in Home Values <br />Average Single Family Sales Price, 1997-2004 <br />1997 1998 1999 2000 2001 2002 2003 2004 <br />Edina —Chaska Eden Prairie <br />Falcon Hgts/Roseville —Hopkins Maple Grove/os <br />—Minnetonka Plymouth Richfield <br />St. Louis Park Minneapolis -SW Woodbury <br />'—�flAin nconnlic_Phillinc ae�aAin nea n..li�_D.v..J.�.h..... <br />Chart F. This chart shows the change in average sales prices for Edina and other communities <br />throughout the Twin Cities metropolitan area between 1997 and 2004. While prices rose <br />across the board, Edina saw the most significant gains, both in terms of price ($185,000) and <br />percentage increase (12%). Edina's wages have not been able to keep up, rising at just over 4% <br />per year during the same period. Edina has consistently maintained some of the most expensive <br />housing stock in the metropolitan area. As shown In the body text, a portion of Edina's work- <br />ers, particularly those central to Edina's livelihood and vitality, have been priced out of the mar- <br />ket. <br />