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. © 2019 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.