Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview | Page 2

ABOUT THIS REPORT
This comprehensive first quarter 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
Vail Resorts® continued their commitment to Park City
Mountain, focusing on upgrades throughout Canyons Village,
and Deer Valley® Resort obtained the #1 Ski Resort ranking
from Ski Magazine. We believe these factors and others
will continue to drive our market. Throughout the Wasatch
Back the market remains stable in number of properties sold
with an approximate 9% increase in median price across
all property types. Summit and Wasatch counties and the
surrounding areas provide numerous buying opportunities
especially in the Heber Valley, Jordanelle, and East Summit
County neighborhoods.
Data interpretation, judgment, and historical context are
key elements to making informed decisions: Contact your
Utah Properties agent for guidance on navigating our
marketplace.
HIDEOUT
CANYON
OLD
TOWN AERIE LOWER
DEER VALLEY
KAMAS
FRANCIS
WOODLAND
TUHAYE
PARK CITY LIMITS
JORDANELLE
DEER CREST
UPPER
DEER VALLEY
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
4/1/2017 to 3/31/2018.*
*Please note small sample size in some instances.
PROVO CANYON
*Data as of 4/1/2018
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.