Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview | Page 6
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
AVG
MED
AVG
2014
MED
2015
2018
SINGLE FAMILY HOMES
AVERAGE
AVG
MED
2016
AVG
2017
2018
SINGLE FAMILY HOMES
MEDIAN
SALES PRICE SALES PRICE
24%
6% 25%
$593,445
MED
$493,500
AVG
MED
0
2018
2018
CONDOS/TOWN HOMES
AVERAGE
SALES PRICE
2%
$313,000
2014
AVG
MED
2015
AVG MED AVG MED
MED
2016
2018
VACANT LAND
AVERAGE
SALES PRICE
2%
$260,065
2017
AVG
MED
AVG
50 K
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
140
SINGLE FAMILY HOMES
K
$
MED
2018
2018
VACANT LAND
MEDIAN
SALES PRICE
4%
$200,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: The Heber Valley continues to show robust increases in the average and median sale price of single family
homes lifted in part by 20 sales over $1M over the past 12 months. Current inventory remains constrained, however,
new construction will increase supply.
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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