Wasatch Back Quarterly Market Reports 2017 Q3 Wasatch Back Market Report | Page 2

ABOUT THIS REPORT This comprehensive third quarter market report provides an overview of the Summit and Wasatch County real estate market. We believe our clients should 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 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 HIDEOUT CANYON OLD TOWN AERIE LOWER DEER VALLEY KAMAS FRANCIS WOODLAND TUHAYE PARK CITY LIMITS JORDANELLE DEER CREST UPPER DEER VALLEY Our predictions: Overall, compared to this time last year, we have seen a significant increase in the number of resort properties sold in Deer Valley as well as single family homes sold in the Heber Valley. As Vail Resorts® continues their commitment to Park City Mountain, especially in the upgrades throughout the Canyons Village, as well as Deer Valley® Resort’s #1 Ski Resort ranking from Ski Magazine, we believe these factors will support strong winter sales. Throughout the Wasatch Back the number of properties sold has increased approximately 17% compared to this time last year with an approximate 8% increase in average price. Finally, we expect additional new developments to come to market in 2018 in the Jordanelle, Heber, and Canyons areas. Now, more than ever, is the time to call Park City and the surrounding areas home. Data interpretation, judgment, and historical context are key elements to making informed decisions: Contact your agent for guidance on navigating our marketplace. 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 7/1/2017 to 9/30/2017.* *Please note small sample size. PROVO CANYON *Data as of 10/1/2017 For all data, we have used a median sales price and an 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 feel it’s important to use both median and average in order to give a holistic view of the market.