Wasatch Back Quarterly Market Reports 2017 Q3 Wasatch Back Market Report | Page 5
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.
SINGLE FAMILY HOME
$
Average and Median Sales Price
AVERAGE
SALES PRICE
12%
$1,531,931
med
ave
med
Q3 2015
ave
med
Q3 2016
Q3 2017
single family home
MEDIAN
SALES PRICE
1%
$1,761,083
ave
med
0
Q3 2017
Q3 2013
Q3 2017
vacant land
ave
med
Q3 2014
med
Q3 2015
ave med
Q3 2017
condo/townhome
MEDIAN
SALES PRICE
60%
$595,000
AVERAGE
SALES PRICE
2%
$501,967
Q3 2016
ave
ave
100 K
med
ave
27 UNITS
200 K
Q3 2014
Q3 2017
single family home
300 K
ave
400 K
med
Q3 2013
500 K
ave
600 K
0
700 K
200 K
Average and Median Sales Price
$385 K
400 K
600 K
800 K
1 .0 M
1 .2 M
1 .4 M
CONDOMINIUM & TOWNHOME
800 K
1 .6 M
$
med
Q3 2017
Q3 2017
condo/townhome
MEDIAN
SALES PRICE
3%
$519,551
*Percentage change compared to the same time previous year. Please note small sample size.
i
An increase in the number of high-end single
family home sites and one significant land sale
increased the median price for the third quarter
of 2017 compared to 2016.
Takeaway: The number of single family homes sold doubled in the Jordanelle area this quarter with more homes
sold than in the third quarter of last five years. Overall, the Jordanelle is experiencing growth due to new development
opportunities providing consumers with a variety of product offerings, while prices of single family homes
and condominiums remain stable.
Q3
17
All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/17 to 9/30/17.
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