Wasatch Back Quarterly Market Reports 2018 Year End Wasatch Back Market Report | Page 4
SNYDERVILLE BASIN
Snyderville Basin begins at the iconic white barn, McPolin Farm, off Highway 224 and includes the neighborhoods: The Canyons,
The Colony, Sun Peak, Bear Hollow, Silver Springs, Old Ranch Road, Kimball, Pinebrook, Summit Park, Jeremy Ranch, Glenwild,
Silver Creek, Trailside Park, Silver Creek, Promontory, and Quinn’s Junction.
SINGLE FAMILY HOMES
$
Average and Median Sales Price
med avg
med
med avg
med
avg med
200 K
300 K
400 K
359
500 K
600 K
700 K
Average and Median Sales Price
800 K
200 K
0
CONDOMINIUMS & TOWN HOMES
$393
400 K
600 K
800 K
1 .0 M
1 .2 M
1 .4 M
1 .6 M
$
100 K
avg
med
avg
2014
med
2015
2018
single family homes
AVERAGE
SALES PRICE
13%
$1,620,806
avg
med
2016
avg
med
2017
2018
single family homes
MEDIAN
SALES PRICE
21%
$1,230,000
avg
med
0
2018
2018
vacant land
AVERAGE
SALES PRICE
3%
$681,656
avg
2014
2015
avg
2016
2018
condos/town homes
AVERAGE
SALES PRICE
9%
$636,128
2017
med
2018
2018
condos/town homes
MEDIAN
SALES PRICE
8%
$545,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: Most likely due to increased scarcity in the market, single family homes throughout Snyderville
Basin saw a 21% increase in median sales price over the last 12 months. Snyderville Basin continues to provide a
variety of opportunities to meet primary, secondary, and Salt Lake homeowner needs.
YEAR END
2018
All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/18 to 12/31/18.
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