Wasatch Back Quarterly Market Reports 2018 Q2 Wasatch Back Market Overview | Page 2

ABOUT THIS REPORT
This comprehensive second quarter report provides an
overview of the Summit and Wasatch County real estate
markets. We believe it is important that our clients have access
to information that facilitates thoughtful real estate decisions.
The Park City market remains highly segmented. Our town,
its neighborhoods, and outlying areas differ significantly
in terms of price, home type, 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
SILVER
PARK
SPRINGS
PEOA
OAKLEY
OLD
RANCH ROAD
CANYONS
PARK
MEADOWS
THAYNES
CANYON
QUINN’S
JUNCTION
THE RETREAT
KAMAS VALLEY
PROSPECTOR
Vail Resorts® continues their commitment to Park City
Mountain, focusing on upgrades throughout Canyons
Village, and Alterra continues their enhancments throughout
Deer Valley® Resort including the new Ikon Pass. We believe
these factors and others will continue to drive our markets
in a positive direction. The Wasatch Back had an increase
in number of properties sold with an approximate 16%
increase in median price across all property types. Summit
and Wasatch counties and the surrounding areas provide
numerous buying opportunities especially in the Heber
Valley, Jordanelle, and East Summit County neighborhoods.
Data interpretation, judgment, and historical context are
key elements in making informed decisions: Contact your
Utah Properties agent for guidance on navigating our
marketplace.
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
7/1/17 to 6/30/18.*
*Please note small sample size in some instances.
PROVO CANYON
*Data as of 7/1/2018
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.