Wasatch Back Quarterly Market Reports 2017 Year End Wasatch Back Market Overview | Page 2

ABOUT THIS REPORT
This comprehensive year end market report provides an
overview of the Summit and Wasatch County real estate
market. We believe our clients should have access to
information that facilitates thoughtful real estate decisions.
The Park City market remains highly segmented. Our town,
its neighborhoods, and outlying areas differ significantly
in terms of price, home type, features, and amenities. For
example, while Park Meadows and Upper Deer Valley
share the same zip code, average home prices in these
two neighborhoods vary significantly.
COALVILLE
HOYTSVILLE
WANSHIP
JEREMY
RANCH
SUMMIT
PARK
SNYDERVILLE BASIN
GLENWILD
SILVER CREEK
EAST SUMMIT COUNTY
PINEBROOK
PROMONTORY
KIMBALL
SUNPEAK
BEAR HOLLOW
SILVER
CREEK
TRAILSIDE
PARK
SILVER
SPRINGS
PEOA
OAKLEY
OLD
RANCH ROAD
CANYONS
PARK
MEADOWS
THAYNES
CANYON
QUINN’S
JUNCTION
THE RETREAT
KAMAS VALLEY
PROSPECTOR
HIDEOUT
CANYON
OLD
TOWN AERIE LOWER
DEER VALLEY
KAMAS
FRANCIS
WOODLAND
TUHAYE
PARK CITY LIMITS
JORDANELLE
DEER CREST
UPPER
DEER VALLEY
Our predictions: Overall, from 2016 to 2017, we have
seen an increase in the number of resort condominium
properties sold in Deer Valley as well as properties
sold in Jeremy Ranch, Jordanelle, and Kamas. Vail
Resorts® continued commitment to Park City Mountain
(particularly in the upgrades throughout Canyons
Village), and Deer Valley® Resort’s #1 Ski Resort ranking
from Ski Magazine, are key factors which will continue
to drive our market. Throughout the Wasatch Back the
market has remained strong in number of properties
sold with an approximate 6% increase in average price
across all property types. Now, more than ever, is the
time to call Park City and the surrounding areas home.
Data interpretation, judgment, and historical context are
key elements to making informed decisions: Contact your
agent for guidance on navigating our marketplace.
VICTORY
RANCH
EMPIRE PASS
RIVER
VIEW
Stephen C. Roney
Chief Executive Officer & Owner
Berkshire Hathaway HomeServices Utah Properties
HEBER VALLEY
MIDWAY
CHARLESTON
HEBER
DANIEL
TIMBERLAKES
All statistics are based upon the Park City Board of Realtors® MLS data for the period of
1/1/2017 to 12/31/2017.*
*Please note small sample size in some instances.
PROVO CANYON
*Data as of 1/2/2018
For all data, we have used median sales price and average sales price. The median is
the middle point of all prices—half the sales are less than the median and half the sales
are more. The average is all the property prices added together and then divided by the
number of properties. The difference between the median and the average is that the
median is not as affected by outlying very large or very small sale numbers, whereas the
average can be skewed significantly by one very high or very low sales price. We believe
it’s important to use both median and average in order to give a holistic view of the market.