Wasatch Back Quarterly Market Reports 2017 Q3 Wasatch Back Market Report | Page 7

EAST SUMMIT COUNTY
Known as the “Gateway to the Uintas,” the charming Kamas Valley within East Summit County boasts endless outdoor activities.
The East Summit County area includes the neighborhoods of Woodland, Francis, Kamas, Marion, Oakley, Weber Canyon, Peoa,
Browns Canyon, Wanship, Hoytsville, Coalville, Echo, and Henefer.
SINGLE FAMILY HOME
$
Average and Median Sales Price
800 K
Q3 2013
med
Q3 2014
med
Q3 2015
Q3 2017
single family home
AVERAGE
SALES PRICE
6% 41%
$460,714
ave
med
Q3 2016
0
Q3 2017
Q3 2017
single family home
ave
med
Q3 2013
Q3 2017
vacant land
MEDIAN
AVERAGE
SALES PRICE
SALES PRICE
7%
68%
$380,000
$320,639
ave
med
Q3 2014
Q3 2015
ave
med
ave
50 K
med
100 K
28
ave
150 K
ave
200 K
ave
250 K
med
300 K
ave
350 K
0
100 K
200 K
300 K
600 K
400 K
Average and Median Sales Price
400 K
700 K
500 K
VACANT LAND
$
med
med
Q3 2016
ave
med
Q3 2017
Q3 2017
vacant land
MEDIAN
SALES PRICE
8%
$123,700
*Percentage change compared to the same time previous year. Please note small sample size.
East Summit County saw a decrease
in average sales price of single
family homes due to high-end ranch
property sales in 2016.
i
The overall average sales price of
vacant land in East Summit County
increased 68% due to an increase in the
number of high-end property sales.
Takeaway: East Summit County saw an increase in the number of single family homes and vacant land sales in the third quarter of 2017
compared to 2016, however, despite the increase in quantity sold the median price of single family homes and vacant land remained stable.
The average price of single family homes decreased compared to this time last year due to high-end ranch property sales in 2016. Notability,
the areas of Kamas and Marion tripled and Wanship and Echo doubled in the number of single family homes sold. Additionally, Woodland and
Francis more than doubled in number of vacant land properties sold with the median price increasing approximately 29%. Lastly, the overall
average sales price of vacant land in East Summit County increased 68% due to several high-end sales.
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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