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. © 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.