Wasatch Back Quarterly Market Reports 2018 Q2 Wasatch Back Market Overview - 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. 0 avg med avg 2014 med 2015 2018 single family homes AVERAGE avg med 2016 avg 2017 2018 single family homes MEDIAN SALES PRICE SALES PRICE 26% 6% 28% $613,617 med $505,500 avg med 0 2018 2018 condos/town homes AVERAGE SALES PRICE 17% $274,103 2014 avg med avg 2015 med avg med med 2016 2018 vacant land AVERAGE SALES PRICE 7% $275,337 2017 avg med avg 50 K 100 K 100 K 150 K 200 K 250 K 200 K Average and Median Sales Price 300 K 300 K 400 K 500 K 600 K 350 K 700 K 400 K 800 K VACANT LAND $ Average and Median Sales Price SINGLE FAMILY HOMES $198 $ med 2018 2018 vacant land MEDIAN SALES PRICE 12% $216,500 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: The Heber Valley continues to show robust increases in the average and median sales price of single family homes lifted in part by significant ranch sales in Charleston and estates in Sundance over the past 12 months. Although Midway, Red Ledges, and Heber East have seen an increase in average sales price, buyers can find value in North Heber and Historic Downtown Heber City. Although current inventory remains constrained, there is robust activity throughout the Heber Valley across all property types and continued new construction will increase supply in the area. 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.