Wasatch Back Quarterly Market Reports 2018 Q3 Wasatch Back Market Report | Page 4
SNYDERVILLE BASIN
Snyderville Basin begins at the iconic white barn, McPolin Farm, off Highway 224 and includes the neighborhoods: The Canyons,
The Colony, Sun Peak, Bear Hollow, Silver Springs, Old Ranch Road, Kimball, Pinebrook, Summit Park, Jeremy Ranch, Glenwild,
Silver Creek, Trailside Park, Silver Creek, Promontory, and Quinn’s Junction.
SINGLE FAMILY HOMES
$
Average and Median Sales Price
med
avg
2014
med
2015
2018
single family homes
AVERAGE
SALES PRICE
17%
$1,635,186
avg
med
2016
avg
med
2017
2018
single family homes
MEDIAN
SALES PRICE
22%
$1,200,000
avg
med
0
2018
2018
vacant land
MEDIAN
SALES PRICE
10%
$493,000
avg
med
2014
avg med
2015
avg
med avg
2016
2018
condos/town homes
AVERAGE
SALES PRICE
16%
$632,200
med
med
2017
100 K
200 K
300 K
400 K
500 K
600 K
700 K
avg
800 K
0
Average and Median Sales Price
349
200 K
CONDOMINIUMS & TOWN HOMES
$370
400 K
600 K
800 K
1 .0 M
1 .2 M
1 .4 M
1 .6 M
$
avg med
2018
2018
condos/town homes
MEDIAN
SALES PRICE
8%
$525,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: Lot and home sales in The Colony at White Pine Canyon continue to be strong with a significant increase
in average and median sales price. At the other end of the market, Silver Creek Estates saw an increase in quantity
sold and both average and median sales price, indicating that properties with large lots are popular. Additionally,
condominiums within Canyons Village saw a 33% increase in quantity sold over the last 12 months due to attractive
resale opportunities and increases in new construction.
Q3
18
All statistics are based upon Park City Board of Realtors MLS data for the period of 10/1/17 to 9/30/18.
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