Wasatch Back Quarterly Market Reports 2018 Q2 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
26%
6% 28%
$613,617
med
$505,500
avg
med
0
2018
2018
condos/town homes
AVERAGE
SALES PRICE
17%
$274,103
2014
avg
med avg
2015
med avg med
med
2016
2018
vacant land
AVERAGE
SALES PRICE
7%
$275,337
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
SINGLE FAMILY HOMES
$198
$
med
2018
2018
vacant land
MEDIAN
SALES PRICE
12%
$216,500
*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 sales price of single family
homes lifted in part by significant ranch sales in Charleston and estates in Sundance over the past 12 months. Although
Midway, Red Ledges, and Heber East have seen an increase in average sales price, buyers can find value in North
Heber and Historic Downtown Heber City. Although current inventory remains constrained, there is robust activity
throughout the Heber Valley across all property types and continued new construction will increase supply in the area.
Q2
18
All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/17 to 6/30/18.
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