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 .

$ 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 .

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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 .

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