Wasatch Back Quarterly Market Reports 2019 Q2 Wasatch Back Market Report

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. SINGLE FAMILY HOMES $ Average and Median Sales Price 400 K 700 K 350 K 100 K 150 K 200 K 250 K 100 K 0 Average and Median Sales Price 300 K 200 K 300 K 400 K 500 K 600 K 800 K VACANT LAND K $ 50 K avg med avg 2015 med 2016 avg med 2017 avg med 2018 avg med 0 2019 UNITS 225 312 335 338 292 2019 single family homes AVERAGE SALES PRICE 6% 16% $703,562 2019 single family homes MEDIAN SALES PRICE 7% $534,000 avg med 2015 avg med 2016 avg med 2017 med med avg avg 2018 med 2019 UNITS 133 152 189 144 155 2019 condos/town homes AVERAGE 2019 vacant land AVERAGE SALES PRICE SALES PRICE 14% 14% $279,900 $310,237 2019 vacant land MEDIAN SALES PRICE 18% $250,000 *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 is stable. The increase in median sales price of single family homes in the Heber Valley is nearly double the national average. While Midway saw a decrease in the number of single family homes sold in the past 12 months, the average sales price increased 31%. Appetites for land in the Heber and Midway areas remain robust, with an 18% increase in median sales price. Further development activity and opportunities remain strong. Q2 19 All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/18 to 6/30/19. © 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.

Wasatch Back Quarterly Market Reports 2019 Q2 Wasatch Back Market Report | Page 6