Wasatch Back Quarterly Market Reports 2017 Q3 Wasatch Back Market Report

HEBER VALLEY Open space and farmland encompass the scenic Heber Valley. This area features remarkable views of Mount Timpanogos and countless recreational opportunities. The Heber Valley includes the neighborhoods of Midway, Charleston, Provo Canyon, Heber, Daniel, and Timberlakes. Q3 2013 ave med Q3 2014 Q3 2017 single family home AVERAGE ave med Q3 2015 Q3 2017 single family home 29% 6% 23% $625,830 ave med 0 Q3 2017 Q3 2017 condo/townhome MEDIAN SALES PRICE ave med med ave med 50 K Q3 2016 SALES PRICE ave med ave med 100 K ave 150 K 0 200 K 100 K 250 K Average and Median Sales Price 200 K 300 K 400 K 500 K 300 K 600 K 350 K 700 K 400 K 800 K VACANT LAND $ Average and Median Sales Price SINGLE FAMILY HOME K $ $472,000 MEDIAN SALES PRICE 5% $212,500 Q3 2013 ave med Q3 2014 Q3 2015 Q3 2017 vacant land AVERAGE SALES PRICE 4% $302,324 ave Q3 2016 med Q3 2017 Q3 2017 vacant land MEDIAN SALES PRICE 36% $272,500 *Percentage change compared to the same time previous year. Please note small sample size. The third quarter saw an increase in the number of high-end home sales throughout the Heber Valley. i Takeaway: The Heber Valley saw a decrease in the total number of all property types sold in the third quarter of 2017 compared to 2016. Notably, there was an increase in the number of high-end home sales throughout the Heber Valley. The Heber Valley continues to provide affordable opportunities for buyers with an increase in luxury buyer opportunities. 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.. © 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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