Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview | 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 HOMES
$
Average and Median Sales Price
AVG
MED
2016
AVG
MED
2017
2018
SINGLE FAMILY HOMES
MEDIAN
SALES PRICE SALES PRICE
15% 17%
$1,738,583
AVG
MED
0
2018
MED AVG
2018
VACANT LAND
MEDIAN
SALES PRICE
12%
$430,000
2014
MED
2015
AVG MED
2016
2018
CONDOS/TOWN HOMES
AVERAGE
SALES PRICE
8%
$498,157
AVG MED AVG
2017
AVG
200 K
300 K
400 K
500 K
MED
2018
SINGLE FAMILY HOMES
$1,531,826
600 K
100 K
2015
AVERAGE
700 K
AVG
MED
2014
AVG
800 K
131 UNITS
0
Average and Median Sales Price
200 K
CONDOMINIUMS & TOWN HOMES
K
400 K
600 K
800 K
1 .0 M
1 .2 M
1 .4 M
1 .6 M
$
MED
2018
2018
CONDOS/TOWN HOMES
MEDIAN
SALES PRICE
8%
$520,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: More buyers are discovering the unique amenities and easy access to Park City and the surrounding
areas. It’s easy to see why the Jordanelle area saw over a 100% increase in quantity of single family homes sold
and over a 50% increase in the total number of homesites sold over the past 12 months compared to the same time
in the previous year. New construction and development opportunities abound.
FIRST QTR
2018
All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/17 to 3/31/18.
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