Wasatch Back Quarterly Market Reports 2018 Year End Wasatch Back Market Report - Page 2
ABOUT THIS REPORT
This comprehensive year end report provides an overview
of the Summit and Wasatch County real estate markets.
We believe it’s important that our clients have access to
information that facilitates thoughtful real estate decisions.
These markets remain highly segmented. Our town, its
neighborhoods and outlying areas differ significantly in
terms of price, home type, home condition, features, and
amenities. For example, while Park Meadows and Upper
Deer Valley share the same zip code, average and median
home prices in these two neighborhoods vary significantly.
EAST SUMMIT COUNTY
This winter Alterra announced enhancements throughout
Deer Valley® Resort (including the new Ikon Pass) and Vail
Resorts® continues their commitment to Park City Mountain,
focusing on upgrades throughout Canyons Village. We
believe these factors will continue to drive our markets in
a positive direction. In the meantime, as the market begins
to stabilize, we see increased buying opportunities in
Summit and Wasatch counties especially in Heber Valley,
Jordanelle, and East Summit County neighborhoods.
Data interpretation, judgment, and historical context are key
elements in making informed decisions: Contact your Utah
Properties agent for guidance on navigating our marketplace.
TOWN AERIE LOWER
PARK CITY LIMITS
Stephen C. Roney
Chief Executive Officer & Owner
Berkshire Hathaway HomeServices Utah Properties
All statistics are based upon the Park City Board of Realtors® MLS data for the period of 1/1/18 to 12/31/18.*
*Please note small sample size in some instances.
*Data as of 12/31/18
For all data, we have used median sales price and average sales price. The median is
the middle point of all prices—half the sales are less than the median and half the sales
are more. The average is all the property prices added together and then divided by the
number of properties. The difference between the median and the average is that the
median is not as affected by outlying very large or very small sale numbers, whereas the
average can be skewed significantly by one very high or very low sales price. We believe
it’s important to use both median and average in order to give a holistic view of the market.