Wasatch Back Quarterly Market Reports 2019 Q1 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.
avg
med
avg
2015
med
2016
2019
single family homes
AVERAGE
SALES PRICE
6% 17%
$696,008
avg
med
2017
avg
med
2018
2019
single family homes
MEDIAN
SALES PRICE
8%
$534,000
avg
med
0
2019
2019
condos/town homes
MEDIAN
SALES PRICE
5%
$264,500
avg
med
2015
avg med avg med
2016
2017
2019
vacant land
AVERAGE
0
50 K
100 K
100 K
150 K
200 K
250 K
300 K
Average and Median Sales Price
200 K
300 K
400 K
500 K
600 K
350 K
700 K 400 K
800 K
VACANT LAND
UNITS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$250
$
avg med
med avg med
2018
2019
vacant land
MEDIAN
SALES PRICE SALES PRICE
20% 25%
$309,604
2019
$249,000
*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. Midway saw a 15%
decrease in the number of single family homes sold in the past 12 months, however, the average sales price increased
10%. The median sales price increased 32% reflecting more high-end property sales in the Midway area. Additionally,
vacant land sales throughout the Heber Valley remain consistent from the same time in the previous year despite a
significant increase in both average and median sales price.
FIRST QTR
2019
All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/18 to 3/31/19.
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