Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview - Page 4

SNYDERVILLE BASIN
Snyderville Basin begins at the iconic white barn , McPolin Farm , off Highway 224 and includes the neighborhoods : The Canyons , The Colony , Sun Peak , Bear Hollow , Silver Springs , Old Ranch Road , Kimball , Pinebrook , Summit Park , Jeremy Ranch , Glenwild , Silver Creek , Trailside Park , Silver Creek , Promontory , and Quinn ’ s Junction .
$
SINGLE FAMILY HOMES Average and Median Sales Price
$
CONDOMINIUMS & TOWN HOMES Average and Median Sales Price
1.6 M
800 K
1.4 M 1.2 M 1.0 M 800 K 600 K 400 K 200 K 0
374 UNITS $ 1.01 M $ 713 K
AVG MED 2014
339 UNITS $ 1.17 M $ 799 K
AVG MED 2015
326 UNITS $ 1.25 M $ 881 K
AVG MED
2016
367 UNITS $ 1.43 M $ 970 K
AVG MED
2017
371 UNITS $ 1.43 M $ 1.04 M
AVG MED 2018
700 K 600 K 500 K 400 K 300 K 200 K 100 K 0
247 UNITS $ 369 K $ 335 K
AVG MED 2014
289 UNITS $ 427 K $ 367 K
AVG MED
2015
345 UNITS $ 445 K $ 410 K
AVG MED 2016
317 UNITS $ 573 K $ 475 K
AVG MED MED 2017
299 UNITS $ 559 K $ 492 K
AVG MED 2018
2018 SINGLE FAMILY HOMES
2018 SINGLE FAMILY HOMES
2018 VACANT LAND
2018 CONDOS / TOWN HOMES
2018 CONDOS / TOWN HOMES
AVERAGE SALES PRICE
MEDIAN SALES PRICE
MEDIAN SALES PRICE
AVERAGE SALES PRICE
MEDIAN SALES PRICE

0 % 7 % 5 % 3 %

4 %

$ 1,433,471 $ 1,040,000 $ 450,000 $ 588,618 $ 492,000
* Percentage change compared to the same time previous year , rolling 12 month format . Please note small sample size in some instances .
Takeaway : Overall , Snyderville Basin remained stable in the number of single family homes sold over the last 12 months . Pinebrook , Jeremy Ranch , and Summit Park continue to provide opportunities for consumers seeking properties below $ 1M , while the Silver Springs neighborhood has constricted inventory and minimal days on market . Average sales price dropped slightly in condominium sales by 3 %, however , with a considerable number of new construction pending sales at Canyons Village , we expect this to rise as development construction is completed .
i
FIRST QTR
2018
All statistics are based upon Park City Board of Realtors MLS data for the period of 4 / 1 / 17 to 3 / 31 / 18 .
© 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 .
SNYDERVILLE BASIN Snyderville Basin begins at the iconic white barn, McPolin Farm, off Highway 224 and includes the neighborhoods: The Canyons, The Colony, Sun Peak, Bear Hollow, Silver Springs, Old Ranch Road, Kimball, Pinebrook, Summit Park, Jeremy Ranch, Glenwild, Silver Creek, Trailside Park, Silver Creek, Promontory, and Quinn’s Junction. 200 K 100 K AVG 2014 MED 2015 2018 SINGLE FAMILY HOMES AVERAGE SALES PRICE 0% $1,433,471 AVG MED 2016 AVG MED 2017 2018 SINGLE FAMILY HOMES MEDIAN SALES PRICE 7% $1,040,000 AVG MED 0 2018 2018 VACANT LAND MEDIAN SALES PRICE 5% $450,000 AVG AVG MED AVG 2014 2015 MED 2016 2018 CONDOS/TOWN HOMES AVERAGE SALES PRICE 3% $588,618 Y5)5(ÈÀÄÜ)Y)5(ÌÀÀ,(ÐÀÀ,)5)Y(ÔÀÀ,(À(ØÀÀ,(ÈàäU9%QL(ÈÀÀ,)ٕɅ”…¹5•‘¥…¸M…±•ÌAÉ¥”(ÐÀÀ,(ØÀÀ,(àÀÀ,(Ā¸À4(Ā¸È4(ÜÀÀ,(Ā¸Ð4€àÀÀ,(Ā¸Ø4) =9=5%9%U5L€˜Q=]8!=5L()ٕɅ”…¹5•‘¥…¸M…±•ÌAÉ¥”)M%915%1d!=5L),()5(ÈÀÄà(ÈÀÄà) =9=L½Q=]8!=5L)5%8)M1LAI% (Д(ÐäÈ°ÀÀÀ(©A•É•¹Ñ…”¡…¹”½µÁ…É•Ñ¼Ñ¡”Í…µ”Ñ¥µ”Áɕ٥½Ṍ啅ȰÉ½±±¥¹œ€Äȁµ½¹Ñ ™½Éµ…иA±•…Í”¹½Ñ”Íµ…±°Í…µÁ±”Í¥é”¥¸Í½µ”¥¹Íх¹•Ì¸)¤)Q…­•…Ý…äè=ٕɅ±°°M¹å‘•ÉÙ¥±±” …Í¥¸É•µ…¥¹•Íх‰±”¥¸Ñ¡”¹Õµ‰•È½˜Í¥¹±”™…µ¥±ä¡½µ•ÌÍ½±½Ù•ÈÑ¡”±…ÍÐ(Äȁµ½¹Ñ¡Ì¸A¥¹•‰É½½¬°)•É•µäI…¹ °…¹MÕµµ¥ÐA…ɬ½¹Ñ¥¹Õ”Ñ¼Áɽ٥‘”½ÁÁ½ÉÑÕ¹¥Ñ¥•Ì™½È½¹ÍÕµ•É͕́•­¥¹œ)ÁɽÁ•ÉÑ¥•Ì‰•±½Ü€Å4°Ý¡¥±”Ñ¡”M¥±Ù•ÈMÁÉ¥¹Ì¹•¥¡‰½É¡½½¡…́½¹ÍÑÉ¥Ñ•¥¹Ù•¹Ñ½É䁅¹µ¥¹¥µ…°‘…ǻ½¸µ…É­•Ð¸)ٕɅ”Í…±•ÌÁÉ¥”‘ɽÁÁ•Í±¥¡Ñ±ä¥¸½¹‘½µ¥¹¥Õ´Í…±•Ì‰ä€Ì”°¡½Ý•Ù•È°Ý¥Ñ „½¹Í¥‘•É…‰±”¹Õµ‰•È½˜¹•Ü)½¹ÍÑÉՍѥ½¸Á•¹‘¥¹œÍ…±•Ì…Ё …¹å½¹ÌY¥±±…”°Ý”•áÁ•ÐÑ¡¥ÌÑ¼É¥Í”…́‘•Ù•±½Áµ•¹Ð½¹ÍÑÉՍѥ½¸¥Ì½µÁ±•Ñ•¸)%IMPEQH(ÈÀÄà)±°ÍхѥÍÑ¥Ì…É”‰…Í•ÕÁ½¸A…ɬ ¥Ñä ½…ɐ½˜I•…±Ñ½É́51L‘…Ñ„™½ÈÑ¡”Á•É¥½½˜€Ð¼Ä¼Ä܁Ѽ€Ì¼ÌļÄà¸+ ¤€ÈÀÄà ! ™™¥±¥…Ñ•Ì°11 ¸¸¥¹‘•Á•¹‘•¹Ñ±ä½Ý¹•…¹½Á•É…Ñ•™É…¹¡¥Í•”½˜ ! ™™¥±¥…Ñ•Ì°11 ¸ •É­Í¡¥É”!…Ñ¡…Ý…ä!½µ•M•ÉÙ¥•Ì…¹Ñ¡” •É­Í¡¥É”!…Ñ¡…Ý…ä!½µ•M•ÉÙ¥•ÌÍ嵉½°)…É”É•¥ÍѕɕÍ•ÉÙ¥”µ…ɭ́½˜!½µ•M•ÉÙ¥•Ì½˜µ•É¥„°%¹Œ» ¸ÅՅ°!½ÕÍ¥¹œ=ÁÁ½ÉÑÕ¹¥Ñ丁%¹™½Éµ…Ñ¥½¸¹½ÐÙ•É¥™¥•½ÈÕ…É…¹Ñ••¸