Wasatch Back Quarterly Market Reports 2018 Year End Wasatch Back Market Report | 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.
$
Average and Median Sales Price
400 K
700 K 350 K
2014
2015
2018
single family homes
AVERAGE
SALES PRICE
6% 19%
$679,248
2016
avg
med
2017
2018
single family homes
MEDIAN
SALES PRICE
14%
$515,000
avg
med
0
2018
2018
condos/town homes
AVERAGE
SALES PRICE
5%
$305,419
avg med
2014
avg
med avg med
2015
2016
2018
vacant land
AVERAGE
SALES PRICE
14%
$305,792
avg
med
50 K
100 K
150 K
200 K
avg
250 K
UNITS
med
300 K
avg med
avg
Average and Median Sales Price
0
100 K
200 K
300 K
400 K
500 K
600 K
800 K
VACANT LAND
med
med avg
2017
SINGLE FAMILY HOMES
$
med
2018
2018
vacant land
MEDIAN
SALES PRICE
15%
$230,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: Current inventory throughout the Heber Valley remains constrained as construction lags. Due to this,
the average and median prices of single family homes have increased. While Midway and North Heber have seen
a significant increase in average and median sales price of single family homes, buyers can find value in Historic
Downtown Heber City and Daniel.
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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