Wasatch Back Quarterly Market Reports 2018 Q2 Wasatch Back Market Overview - 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 $ CONDOMINIUMS & TOWN HOMES Average and Median Sales Price 1.6 M 800 K 1.4 M 1.2 M 1.0 M 800 K 600 K 400 K 200 K 0 359 UNITS $1.03 M $720 K avg med 2014 351 UNITS $1.20 M $850 K avg med 2015 327 UNITS $1.31 M $910 K avg med 2016 365 UNITS $1.39 M $965 K avg med 2017 376 UNITS $1.54 M $1.13 M avg med 2018 700 K 600 K 500 K 400 K 300 K 200 K 100 K 0 239 UNITS $369 K $335 K avg med 2014 299 UNITS $443 K $381 K avg med 2015 354 UNITS $468 K $426 K avg med 2016 308 UNITS $578 K $485 K avg med med 2017 307 UNITS $578 K $500 K avg med 2018 2018 single family homes 2018 single family homes 2018 vacant land 2018 condos/town homes 2018 condos/town homes AVERAGE SALES PRICE 11% MEDIAN SALES PRICE MEDIAN SALES PRICE AVERAGE SALES PRICE MEDIAN SALES PRICE 17% 8% 0% 0% $1,543,951 $1,132,296 $484,575 $578,319 $500,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: Snyderville Basin remained stable in the number of single family homes sold over the last 12 months. Summit Park, Jeremy Ranch, and Silver Creek continue to provide opportunities for consumers seeking properties below $1M. An increase in the number of buyers locating to these neighborhoods has resulted in a significant increase in median sales price of single family homes across Snyderville Basin. Condominiums in this area have remained stable in average and median price providing opportunity for buyers. Q2 18 All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/17 to 6/30/18. © 2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. 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. 200 K 100 K avg 2014 med 2015 2018 single family homes AVERAGE SALES PRICE 11% $1,543,951 avg med 2016 avg med 2017 2018 single family homes MEDIAN SALES PRICE 17% Ä°ÄÌÈ°ÈäØ)…Ùœ)µ•(À(ÈÀÄà(ÈÀÄà)م…¹Ð±…¹)5%8)M1LAI% (à”(ÐàаÔÜÔ)…Ùœ)µ•(ÈÀÄÐ)µ•(ÈÀÄÔ)…Ùœµ•(ÈÀÄØ(ÈÀÄà)½¹‘½Ì½Ñ½Ý¸¡½µ•Ì)YI)M1LAI% )…Ùœ)…Ùœ(ÈÀÄÜ)µ•(ÈÀÄà(ÈÀÄà)½¹‘½Ì½Ñ½Ý¸¡½µ•Ì)5%8)M1LAI% (À”(ÔÜà°ÌÄä)µ•)µ•)…Ùœ(ÌÀÀ,(ÐÀÀ,)µ•)…Ùœ(ÔÀÀ,(À(ØÀÀ,(ÈÀÀ,)ٕɅ”…¹5•‘¥…¸M…±•ÌAÉ¥”(ÐÀÀ,(ØÀÀ,(àÀÀ,(Ā¸À4(Ā¸È4(ÜÀÀ,(Ā¸Ð4€àÀÀ,(Ā¸Ø4) =9=5%9%U5L€˜Q=]8!=5L()ٕɅ”…¹5•‘¥…¸M…±•ÌAÉ¥”(Èää)M%915%1d!=5L(ÌØä((À”(ÔÀÀ°ÀÀÀ(©A•É•¹Ñ…”¡…¹”½µÁ…É•Ñ¼Ñ¡”Í…µ”Ñ¥µ”Áɕ٥½Ṍ啅ȰÉ½±±¥¹œ€Äȁµ½¹Ñ ™½Éµ…иA±•…Í”¹½Ñ”Íµ…±°Í…µÁ±”Í¥é”¥¸Í½µ”¥¹Íх¹•Ì¸)¤)Q…­•…Ý…äèM¹å‘•ÉÙ¥±±” …Í¥¸É•µ…¥¹•Íх‰±”¥¸Ñ¡”¹Õµ‰•È½˜Í¥¹±”™…µ¥±ä¡½µ•ÌÍ½±½Ù•ÈÑ¡”±…ÍЀÄȁµ½¹Ñ¡Ì¸)MÕµµ¥ÐA…ɬ°)•É•µäI…¹ °…¹M¥±Ù•È ɕ•¬½¹Ñ¥¹Õ”Ñ¼Áɽ٥‘”½ÁÁ½ÉÑÕ¹¥Ñ¥•Ì™½È½¹ÍÕµ•É͕́•­¥¹œÁɽÁ•ÉÑ¥•Ì)‰•±½Ü€Å4¸¸¥¹É•…Í”¥¸Ñ¡”¹Õµ‰•È½˜‰Õå•É́±½…Ñ¥¹œÑ¼Ñ¡•Í”¹•¥¡‰½É¡½½‘́¡…́ɕÍձѕ¥¸„Í¥¹¥™¥…¹Ð¥¹É•…Í”)¥¸µ•‘¥…¸Í…±•ÌÁÉ¥”½˜Í¥¹±”™…µ¥±ä¡½µ•Ì…É½Í́M¹å‘•ÉÙ¥±±” …Í¥¸¸ ½¹‘½µ¥¹¥ÕµÌ¥¸Ñ¡¥Ì…É•„¡…Ù”É•µ…¥¹•Íх‰±”)¥¸…Ù•É…”…¹µ•‘¥…¸ÁÉ¥”Áɽ٥‘¥¹œ½ÁÁ½ÉÑÕ¹¥Ñ䁙½È‰Õå•É̸)DÈ(Äà)±°ÍхѥÍÑ¥Ì…É”‰…Í•ÕÁ½¸A…ɬ ¥Ñä ½…ɐ½˜I•…±Ñ½É́51L‘…Ñ„™½ÈÑ¡”Á•É¥½½˜€Ü¼Ä¼Ä܁Ѽ€Ø¼ÌÀ¼Äà¸+ ¤€ÈÀÄà ! ™™¥±¥…Ñ•Ì°11 ¸¸¥¹‘•Á•¹‘•¹Ñ±ä½Ý¹•…¹½Á•É…Ñ•™É…¹¡¥Í•”½˜ ! ™™¥±¥…Ñ•Ì°11 ¸ •É­Í¡¥É”!…Ñ¡…Ý…ä!½µ•M•ÉÙ¥•Ì…¹Ñ¡” •É­Í¡¥É”!…Ñ¡…Ý…ä!½µ•M•ÉÙ¥•ÌÍ嵉½°)…É”É•¥ÍѕɕÍ•ÉÙ¥”µ…ɭ́½˜!½µ•M•ÉÙ¥•Ì½˜µ•É¥„°%¹Œ» ¸ÅՅ°!½ÕÍ¥¹œ=ÁÁ½ÉÑÕ¹¥Ñ丁%¹™½Éµ…Ñ¥½¸¹½ÐÙ•É¥™¥•½ÈÕ…É…¹Ñ••