Wasatch Back Quarterly Market Reports 2017 Q2 Wasatch Back Market Report

EAST SUMMIT COUNTY Open space and farmland encompass the scenic Heber Valley. This area features remarkable views of Mount Timpanogos Known as the “Gateway to the Uintas,” the charming Kamas Valley within East Summit County boasts endless outdoor activities. and countless recreational opportunities. The Heber Valley includes the neighborhoods of Midway, Charleston, Provo Canyon, The East Summit County area includes the neighborhoods of Woodland, Francis, Kamas, Marion, Oakley, Weber Canyon, Peoa, Heber, Daniels, and Timberlakes. Browns Canyon, Wanship, Hoytsville, Coalville, Echo, and Henefer. Q2 2013 Q2 2014 Q2 2017 single family home AVERAGE SALES PRICE 2.70% 6% $494,721 Q2 2015 Q2 2016 Q2 2017 single family home MEDIAN SALES PRICE 0.78% $415,000 Q2 2017 Q2 2017 condo/townhome AVERAGE SALES PRICE 12.81% $363,949 Q2 2013 50 K Q2 2014 ave Q2 2015 Q2 2016 Q2 2017 vacant land AVERAGE SALES PRICE med Q2 2017 0 Q2 2017 vacant land MEDIAN med Q2 2013 ave med Q2 2014 ave AVERAGE 3.67% 6% $190,000 med Q2 2015 SALES PRICE 1.33% $435,318 ave med Q2 2016 ave med 0 Q2 2017 Q2 2017 single family home ave Q2 2013 Q2 2017 vacant land MEDIAN AVERAGE SALES PRICE SALES PRICE 9.07% 84.35% $326,750 $184,941 med ave med ave Q2 2014 Q2 2015 med med Q2 2016 ave ave med 25 K ave Q2 2017 single family home SALES PRICE 9.92% $224,445 ave 75 K med 100 K 50 K ave *Percentage change compared to the same time previous year Q2 17 med ave med med 125 K 0 ave 150 K 50 K med 175 K ave 100 K 200 K med 150 K Average and Median Sales Price ave 200 K VACANT LAND $ Average and Median Sales Price med 250 K ave med ave med 0 ave 100 K 100 K $185 200 K 150 K UNITS 300 K 200 K 400 K 250 K 500 K 300 K 300 K 600 K 350 K 350 K 700 K 400 K 400 K 800 K SINGLE FAMILY HOME $ Average and Median Sales Price VACANT LAND $ Average and Median Sales Price SINGLE FAMILY HOME $ HEBER VALLEY med Q2 2017 Q2 2017 vacant land MEDIAN SALES PRICE 42.86% $110,000 *Percentage change compared to the same time previous year i i Takeaway: The Heber Valley saw a 30% decrease in total quantity of single family homes sold compared to this time last Takeaway: East Summit County saw a decrease in average and median price of single family homes sold compared to this year and approximately a 75% increase in total condominiums sold. Additionally, the Heber Valley saw a 45% increase in the time last year and approximately a 40% increase in median price of land sales specifically in the Kamas and Marion areas. number of land sales. Affordable options continue to provide opportunities for home buyers. Overall, land sales in East Summit County are robust and proved buyers with a variety of options. All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/17 to 6/30/17.. © 2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. Q2 17 All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/17 to 6/30/17. © 2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed.

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