Wasatch Back Quarterly Market Reports 2018 Year End Wasatch Back Market Report - Page 5

JORDANELLE Jordanelle is the picturesque area surrounding the Jordanelle Reservoir. Just minutes from Park City this area includes communities such as Hideout Canyon, Tuhaye, Victory Ranch, Soaring Hawk, and more. SINGLE FAMILY HOMES $ Average and Median Sales Price med 2015 2018 single family homes AVERAGE SALES PRICE 7% $1,534,511 avg med 2016 avg med 2017 2018 single family homes MEDIAN SALES PRICE 1% $1,562,500 avg med 0 2018 2018 vacant land AVERAGE SALES PRICE 1% $478,522 avg med 2014 avg med 2015 avg med avg med 2016 2018 condos/town homes AVERAGE 2017 avg med 2018 2018 condos/town homes MEDIAN SALES PRICE SALES PRICE 14% 10% $537,932 avg 2014 100 K 200 K 300 K 400 K 136 med avg 500 K 0 600 K 200 K 700 K K 400 K 600 K 1 .0 M 1 .2 M 1 .4 M 800 K Average and Median Sales Price 800 K 1 .6 M CONDOMINIUMS & TOWN HOMES $402 $ $527,670 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: More buyers are discovering the unique amenities and easy access to Park City and the Wasatch Front from the Jordanelle area. However, due to demand for single family homes and condominiums, land sales throughout the Jordanelle area have increased 41%. Continued growth in the area, including new development activity, promises to provide an increased variety of condominiums and single family homesites in this picturesque area. 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.