Wasatch Back Quarterly Market Reports 2019 Year End

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. 2.1 M 700 K avg med avg med avg med 200 K 300 K med 400 K avg 500 K 0 600 K 300 K Average and Median Sales Price 600 K 900 K 1 .2 M 1 .5 M 1 .8 M 800 K 2.4 M CONDOMINIUMS & TOWN HOMES avg med $ Average and Median Sales Price SINGLE FAMILY HOMES $ avg med 100 K avg 2015 med 2016 avg med 2017 avg med 2018 avg med 0 2019 UNITS 36 35 58 50 61 2019 single family homes AVERAGE 2019 single family homes MEDIAN SALES PRICE SALES PRICE 26% 40% $1,937,382 $2,195,000 2015 2016 2017 2018 2019 UNITS 136 174 174 147 144 2019 vacant land AVERAGE SALES PRICE 13% $421,812 2019 condos/townhomes AVERAGE 2019 condos/townhomes MEDIAN SALES PRICE SALES PRICE 19% 20% $644,303 $639,950 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: The single family home market surrounding the Jordanelle Reservoir is thriving. The average sales price of single family homes in Tuhaye and Hideout rose by 60% this past year contributing to the substantial increase in average and median sales price throughout the region. This desirable area with big views and four-season amenities continues to attract buyers from all over the country. Despite the stability in the number of condominiums sold, the average and median sales prices are up, further indicating the appeal of this beautiful area. The diversity of available inventory and recreational opportunities are abundant while prices remain competitive for the market as a whole. Lot affordability has increased dramatically, especially in Jordanelle Park, and more specifically in the Sky Ridge development with its proximity to Deer Valley Resort and its panoramic views of the reservoir and Wasatch Mountains. YEAR END 2019 All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/19 to 12/31/19. © 2020 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 Year End | Page 5