Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview - Page 5

JORDANELLE Jordanelle is the picturesque area surrounding the Jordanelle Reservoir. Just minutes from Park City this area includes communities such as Hideout Canyon, Tuhaye, Victory Ranch, Soaring Hawk, and more. SINGLE FAMILY HOMES $ Average and Median Sales Price AVG MED 2016 AVG MED 2017 2018 SINGLE FAMILY HOMES MEDIAN SALES PRICE SALES PRICE 15% 17% $1,738,583 AVG MED 0 2018 MED AVG 2018 VACANT LAND MEDIAN SALES PRICE 12% $430,000 2014 MED 2015 AVG MED 2016 2018 CONDOS/TOWN HOMES AVERAGE SALES PRICE 8% $498,157 AVG MED AVG 2017 AVG 200 K 300 K 400 K 500 K MED 2018 SINGLE FAMILY HOMES $1,531,826 600 K 100 K 2015 AVERAGE 700 K AVG MED 2014 AVG 800 K 131 UNITS 0 Average and Median Sales Price 200 K CONDOMINIUMS & TOWN HOMES K 400 K 600 K 800 K 1 .0 M 1 .2 M 1 .4 M 1 .6 M $ MED 2018 2018 CONDOS/TOWN HOMES MEDIAN SALES PRICE 8% $520,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: More buyers are discovering the unique amenities and easy access to Park City and the surrounding areas. It’s easy to see why the Jordanelle area saw over a 100% increase in quantity of single family homes sold and over a 50% increase in the total number of homesites sold over the past 12 months compared to the same time in the previous year. New construction and development opportunities abound. 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.