SNYDERVILLE BASIN
Snyderville Basin begins at the iconic white barn , McPolin Farm , off Highway 224 and includes the neighborhoods : The Canyons , The Colony , Sun Peak , Bear Hollow , Silver Springs , Old Ranch Road , Kimball , Pinebrook , Summit Park , Jeremy Ranch , Glenwild , Silver Creek , Trailside Park , Silver Creek , Promontory , and Quinn ’ s Junction .
$ |
SINGLE FAMILY HOME Average and Median Sales Price |
$ |
CONDOMINIUM & TOWNHOME Average and Median Sales Price |
1.6 M |
|
800 K |
|
1.4 M 1.2 M 1.0 M 800 K 600 K 400 K 200 K 0 |
125 UNITS $ 1.0 M
$ 725 K
ave med Q3 2013
|
100 UNITS $ 1.08 M
$ 767 K
ave med
Q3 2014
|
91 UNITS $ 1.27 M
$ 807 K
ave med Q3 2015
|
110 UNITS $ 1.37 M
$ 954 K
ave med
Q3 2016
|
130 UNITS $ 1.40 M
$ 1.03 M
ave med Q3 2017
|
700 K 600 K 500 K 400 K 300 K 200 K 100 K
0
|
71 UNITS $ 384 K $ 315 K
ave med
Q3 2013
|
81 UNITS $ 385 K
$ 375 K
ave med
Q3 2014
|
131 UNITS $ 406 K
$ 390 K
ave med Q3 2015
|
87 UNITS $ 604 K
$ 475 K
ave med med Q3 2016
|
74 UNITS $ 481 K
$ 473 K
ave med Q3 2017
|
Q3 2017 single family home |
Q3 2017 single family home |
Q3 2017 vacant land |
Q3 2017 condo / townhome |
Q3 2017 condo / townhome |
AVERAGE SALES PRICE |
MEDIAN SALES PRICE |
MEDIAN SALES PRICE |
AVERAGE SALES PRICE |
MEDIAN SALES PRICE |
2 % 7 % 2 % 20 % 0 %
$ 1,400,466 $ 1,025,500 $ 530,000 $ 480,614 $ 473,000
* Percentage change compared to the same time previous year . Please note small sample size .
i
Snyderville Basin was impacted by a greater number of condominiums and townhomes sold in the lower end of the market , yet median price remains stable for 2017 .
Takeaway : The Snyderville Basin market has seen an approximate increase of 18 % in the number of single family homes sold with more homes sold this quarter than in the third quarter of the last five years . Particularly , in the areas of Sun Peak / Bear Hollow and Jeremy Ranch the number of single family homes sold has increased approximately 133 % and 60 % respectively compared to this time last year . Overall , median prices across all property types have remained stable in the Snyderville Basin .
Q3 17
All statistics are based upon Park City Board of Realtors MLS data for the period of 7 / 1 / 17 to 9 / 30 / 17 .
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