Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview | Page 7

EAST SUMMIT COUNTY
Known as the “ Gateway to the Uintas ,” the charming Kamas Valley within East Summit County boasts endless outdoor activities . The East Summit County area includes the neighborhoods of Woodland , Francis , Kamas , Marion , Oakley , Weber Canyon , Peoa , Browns Canyon , Wanship , Hoytsville , Coalville , Echo , and Henefer .
$
SINGLE FAMILY HOMES Average and Median Sales Price
$
VACANT LAND Average and Median Sales Price
800 K
400 K
700 K 600 K 500 K 400 K 300 K 200 K 100 K 0
131 UNITS $ 348 K $ 285 K
AVG MED
2014
134 UNITS $ 338 K $ 285 K
AVG MED 2015
142 UNITS $ 437 K $ 314 K
AVG MED
2016
145 UNITS $ 616 K $ 380 K
AVG MED 2017
155 UNITS $ 508 K $ 375 K
AVG MED 2018
350 K 300 K 250 K 200 K 150 K 100 K 50 K 0
61 UNITS $ 162 K $ 80 K
AVG MED 2014
77 UNITS $ 152 K $ 87 K
AVG MED 2015
110 UNITS $ 155 K $ 77 K
AVG MED 2016
126 UNITS $ 195 K $ 98 K
AVG MED MED 2017
152 UNITS $ 253 K $ 120 K
AVG MED 2018
2018 SINGLE FAMILY HOMES
2018 SINGLE FAMILY HOMES
2018 VACANT LAND
2018 VACANT LAND
AVERAGE SALES PRICE
MEDIAN SALES PRICE
AVERAGE SALES PRICE
MEDIAN SALES PRICE

6 % 17 % 1 % 30 % 22 %

$ 507,926 $ 375,000 $ 253,421 $ 120,000
* Percentage change compared to the same time previous year , rolling 12 month format . Please note small sample size in some instances .
Takeaway : East Summit County saw a decrease in average single family home price due to fewer estate sales , with stability in median price . Kamas and Marion saw a 38 % increase in total quantity sold , and a 51 % increase in total dollar volume sold resulting in an 8 % increase in median sales price in that general area .
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 .
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