Wasatch Back Quarterly Market Reports 2018 Q2 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% 14% $1,738,583 avg med 0 2018 2018 vacant land MEDIAN SALES PRICE 1% $395,000 avg avg med 2015 avg med 2016 2018 condos/town homes AVERAGE avg med 2017 med 2018 2018 condos/town homes MEDIAN SALES PRICE SALES PRICE 12% 12% $510,533 avg med 2014 200 K 300 K 400 K 500 K $386 600 K med 2018 single family homes $1,566,489 700 K 100 K 2015 AVERAGE 800 K avg med 2014 avg Average and Median Sales Price 130 0 CONDOMINIUMS & TOWN HOMES 200 K 400 K 600 K 800 K 1 .0 M 1 .2 M 1 .4 M 1 .6 M $ $528,599 *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 convenient access to Park City from the Jordanelle area. It’s easy to see why the Jordanelle area saw a significant increase in quantity of single family homes sold over the last 12 months. Additionally, with new ownership and management in Tuhaye as well as continued success in Hideout and Soaring Hawk, these areas saw significant increases in average and median sales price. Further, there are numerous opportunities for single family homesites in Tuhaye, Hideout, and Soaring Hawk. 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.