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This educational offering is recognized by the Minnesota Commissioner of Commerce as satisfying 2.0 hours of credit
toward continuing real estate education requirements.
Please be sure to sign in and out (both) to receive CE credits.
WELCOME REALTORS!
Jerry Koch, Coon Rapids MayorMay 9, 2019
Exciting Community!
May 8, 2019
Population: 62,726Located along the Mississippi River
The popular Thursday night Summer Concert Series at the Coon Rapids Dam
Exciting Community!
May 8, 2019
Award-winning schools with specialty programs24 hour police and fire departmentsVariety of housing options
Exciting Community!
May 8, 2019
Abundant shopping options (7th largest amount of retail space in metro; largest in north metro)
Nationally recognized healthcare facilities (Mercy Hospital)
Top 10 Community College in the nation (Anoka-Ramsey)
Exciting Community!
May 8, 2019
50 parks & 42 miles of trails
Home to Bunker Beach
Exciting Community!
May 8, 2019
Home to Bunker Hills Regional Park featuring a golf course, stables, camp grounds
Home to Coon Rapids Dam Regional Park featuring miles of trails and public boat launch
Community Events
May 8, 2019
Movies in the ParkSummer Concerts
Community Events
May 8, 2019
Farmers MarketSummer in the City
gatherings
Community Events
May 8, 2019
4th of July CommunityCelebration
Night to Unite
Community Events
May 8, 2019
Public Works OpenHouse
Fire Station Open HouseLove My Pet Fair
2016 National Citizen Survey
May 8, 2019
What Residents Say
May 8, 2019
CURRENT AND FUTURE
DEVELOPMENT
Grant Fernelius, Community Development DirectorMay 9, 2019
What’s Trending
May 8, 2019
Where People Live (Residential)Multi-family apartmentsNew single-family (infill sites/tear downs)Existing “For Sale” market is hot – affordable, rising pricesHome remodeling (HGTV factor) What’s missing in market: Attached townhomes, condominiums
Where People Shop/Land Uses (Commercial/Retail)Small format retail (fast casual, service-oriented)Self-storage facilitiesRe-purposing of ‘Big Box’ retail (recreation, entertainment)Car dealershipsWhat’s missing in market: Grocery and mid-price, non-chain restaurants
New Commercial/Retail
May 8, 2019
What’s Trending
May 8, 2019
Where People Work (Office, Industrial/Manufacturing)Large med-tech center, research & development (business growth)Call centersTrucking and distributionWhat’s missing in market: Available land for local companies to
expand; business incubator space.
What’s Trending
May 8, 2019
Where People Find Services & Other Things Health Care: Mercy HospitalEducation: Coon Rapids High SchoolReligious/Cultural: Churches, places of worshipOther: Private event centers
Residential Development
May 8, 2019
Multi-Family (Riverdale Station Flats)
Residential Development
May 8, 2019
Multi-Family (Port Evergreen)
Residential Development
May 8, 2019
Single-Family Detached T.H. (Port Riverwalk) • Centra Builders (developer & builder)
• First new single family subdivision in years.
• 136 homes
• 1 and 2 story designs
• Smaller lots
• HOA maintained
• Spring 2020
What’s Driving Residential Demand
May 8, 2019
DemographicsAging population Millennial generationChanging housing preferences
Pent-up demandNo significant multi-family construction (2001)
Affordability of housing
Demographic Comparisons (ACS 2017)
Two key demographic groups influencing local market:
Age 50-64 • Soon-to-be empty
nesters, down-size.
Age 65+• Retired population
Bottom Line• Groups are looking
for housing options.• Free-up homes for
new buyers.
Housing Construction (2000-2017)
201720152013
2008
2000
Housing Comparisons (ACS 2017)
Other forces influencing market:
• Coon Rapids high rate of home ownership.
• Low vacancy rate (rental); fewer vacant properties (foreclosures).
Home Price & Sales Comparisons (SPAAR)
2019 Data (March) Coon Rapids Anoka County Twin Cities
Median Sales Price $221,000 $253,000 $275,000
Avg. Sales Price $231,034 $278,177 $320,239
Price Per SF $135 $140 $156
% of List Price 100.7% 99.3% 98.5%
Avg. Days on Mkt. 44 54 66
Months Supply 0.8 1.4 1.8
New Listings % Chg (2018 – 2019) -24.0% -15.8% -8.8%
Closed Sales % Chg (2018 – 2019) +23.7% -8.6% -9.3%
1. Coon Rapids market is strong.
2. Development activity is widespread.
3. Investment in Coon Rapids Blvd.
4. Market trends similar to rest of Metro Area.
May 8, 2019
Market Observations
TRANSPORTATION
Tim Himmer, Public Works DirectorMay 9, 2019
Hanson Blvd. Overpass
May 8, 2019
• Full closure near railroad tracks• Expected opening: end of October
Hanson Blvd. Overpass
May 8, 2019
• Separation of cars& trains will improve public safety response times
• Add safety for pedestrians and vehicle traffic
Transportation Priorities
May 8, 2019
• Riverdale Retail Area traffic improvements• 6 main areas identified; 3-5 year priority;
public/private partnership
Transportation Priorities
May 8, 2019
Transportation Priorities
May 8, 2019
Transportation Priorities
May 8, 2019
• 610 eastbound access from East River Road
• Hwy 10 - 3rd lane from Hanson Blvd. to Round Lake Blvd.
Residential Street Reconstruction
May 8, 2019
• 9.6 miles in 2019
• Part of overall plan to invest in all infrastructure
• City pays a large portion; homeowners are assessed a portion on their taxes
Residential Street Reconstruction
May 8, 2019
2019 Park Renovation
May 8, 2019
• Lions Park Remodel in 2019
• Last park to berenovated as part of park bond approved by voters in 2013
2019 Park Renovation
May 8, 2019
Other Park Renovations
May 8, 2019
• Crooked Lake Park – picnics, fishing pier, beach• Open now with new amenities
Other Park Renovations
May 8, 2019
• Riverwind Park – new playground, renovated building• Open now with new amenities
Other Park Renovations
May 8, 2019
Splash Pad and Park at Boulevard Plaza
11000 Crooked Lake Blvd.
May 8, 2019
Regional trails/connectivity in the city
(Purple lines = regional trails)
May 8, 2019
Regional trails/connectivity in the city
(Green lines = city trails and sidewalks)
May 8, 2019
Regional trails/connectivity in the city
Red dashed lines = proposed future trails
NEW Recreational Programs
May 8, 2019
• Free program for kids
• June 11 – August 15
• Stops at multiple parks Tuesdays, Wednesdays, Thursdays
NEW Recreational Programs
May 8, 2019
• Pickleball Lessons
• Home Alone Safety Classes for Kids
• Community Police Academy
• Skating Camps & lessons at Coon Rapids Ice Center
May 8, 2019
Questions and 10 minute break
Mayor Jerry Koch
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