Wasatch Back Quarterly Market Reports 2017 Q3 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.
Q3 2013
ave
med
Q3 2014
Q3 2017
single family home
AVERAGE
ave
med
Q3 2015
Q3 2017
single family home
29%
6% 23%
$625,830
ave
med
0
Q3 2017
Q3 2017
condo/townhome
MEDIAN
SALES PRICE
ave med
med ave
med
50 K
Q3 2016
SALES PRICE ave med
ave
med
100 K
ave
150 K
0
200 K
100 K
250 K
Average and Median Sales Price
200 K
300 K
400 K
500 K
300 K
600 K 350 K
700 K 400 K
800 K
VACANT LAND
$
Average and Median Sales Price
SINGLE FAMILY HOME
K
$
$472,000
MEDIAN
SALES PRICE
5%
$212,500
Q3 2013
ave
med
Q3 2014
Q3 2015
Q3 2017
vacant land
AVERAGE
SALES PRICE
4%
$302,324
ave
Q3 2016
med
Q3 2017
Q3 2017
vacant land
MEDIAN
SALES PRICE
36%
$272,500
*Percentage change compared to the same time previous year. Please note small sample size.
The third quarter saw an increase in the number of
high-end home sales throughout the Heber Valley.
i
Takeaway: The Heber Valley saw a decrease in the total number of all property types sold in the third quarter of 2017
compared to 2016. Notably, there was an increase in the number of high-end home sales throughout the Heber Valley. The
Heber Valley continues to provide affordable opportunities for buyers with an increase in luxury buyer opportunities.
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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