Wasatch Back Quarterly Market Reports 2017 Year End Wasatch Back Market Overview

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. 0 50 K avg med avg 2013 med 2014 2017 single family homes AVERAGE SALES PRICE 20% 6% $568,708 avg med 2015 avg med 2016 2017 single family homes MEDIAN SALES PRICE 15% $452,062 avg med 0 2017 2017 condos/townhomes MEDIAN SALES PRICE 1% $285,000 2013 avg med 2014 avg med avg med med 2015 2017 vacant land AVERAGE SALES PRICE 9% $269,320 2016 avg med avg 100 K 100 K 150 K 200 K 250 K 200 K Average and Median Sales Price 300 K 300 K 400 K 500 K 600 K 350 K 700 K 400 K 800 K VACANT LAND $ Average and Median Sales Price 143 SINGLE FAMILY HOMES K $ med 2017 2017 vacant land MEDIAN SALES PRICE 0% $199,900 *Percentage change compared to the same time previous year. Please note small sample size in some instances. i Takeaway: The Heber Valley continues to show robust increases in average and median sales prices of single family homes due to low inventory. Currently inventory suggests a 4-month supply, however new construction options should continue to ease demand. YEAR END 2017 All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/17 to 12/31/17. © 2018 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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