Wasatch Back Quarterly Market Reports 2019 Q1 Wasatch Back Market Report | Page 2

ABOUT THIS REPORT
This comprehensive first quarter 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.
COALVILLE
HOYTSVILLE
WANSHIP
JEREMY
RANCH
SUMMIT
PARK
SNYDERVILLE BASIN
GLENWILD
SILVER CREEK
EAST SUMMIT COUNTY
PINEBROOK
PROMONTORY
KIMBALL
SUNPEAK
BEAR HOLLOW
SILVER
CREEK
TRAILSIDE
PARK
SILVER
SPRINGS
PEOA
OAKLEY
OLD
RANCH ROAD
CANYONS
PARK
MEADOWS
THAYNES
CANYON
As there continues to be significant development activity
throughout our market area coupled with enhancements to
both Deer Valley® Resort and Park City Mountain we believe
this in conjunction with anticipated inventory increases
and low interest rates will continue to drive our markets in
a positive direction. As the market begins to stabilize, we
see increased buying opportunities in Summit and Wasatch
counties especially with the continued growth around the
Jordanelle and into the Heber Valley.
QUINN’S
JUNCTION
THE RETREAT
KAMAS VALLEY
PROSPECTOR
Real estate remains a very local business. Don’t go at it alone!
Data interpretation, judgement, and historical context are
key elements to making informed decisions. Contact your
Berkshire Hathaway HomeServices Utah Properties agent
for guidance on navigating our complex micro-markets.
HIDEOUT
CANYON
OLD
TOWN AERIE LOWER
DEER VALLEY
KAMAS
FRANCIS
WOODLAND
TUHAYE
PARK CITY LIMITS
JORDANELLE
DEER CREST
UPPER
DEER VALLEY
VICTORY
RANCH
EMPIRE PASS
RIVER
VIEW
Stephen C. Roney
Chief Executive Officer & Owner
Berkshire Hathaway HomeServices Utah Properties
HEBER VALLEY
MIDWAY
CHARLESTON
HEBER
DANIEL
TIMBERLAKES
All statistics are based upon the Park City Board of Realtors® MLS data for the period of
4/1/2018 to 3/31/2019.*
*Please note small sample size in some instances.
PROVO CANYON
*Data as of 4/1/2019
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.