Wasatch Back Quarterly Market Reports 2018 Q3 Wasatch Back Market Report - 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 med avg 2014 med 2015 2018 single family homes AVERAGE SALES PRICE 17% $1,635,186 avg med 2016 avg med 2017 2018 single family homes MEDIAN SALES PRICE 22% $1,200,000 avg med 0 2018 2018 vacant land MEDIAN SALES PRICE 10% $493,000 avg med 2014 avg med 2015 avg med avg 2016 2018 condos/town homes AVERAGE SALES PRICE 16% $632,200 med med 2017 100 K 200 K 300 K 400 K 500 K 600 K 700 K avg 800 K 0 Average and Median Sales Price 349 200 K CONDOMINIUMS & TOWN HOMES $370 400 K 600 K 800 K 1 .0 M 1 .2 M 1 .4 M 1 .6 M $ avg med 2018 2018 condos/town homes MEDIAN SALES PRICE 8% $525,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: Lot and home sales in The Colony at White Pine Canyon continue to be strong with a significant increase in average and median sales price. At the other end of the market, Silver Creek Estates saw an increase in quantity sold and both average and median sales price, indicating that properties with large lots are popular. Additionally, condominiums within Canyons Village saw a 33% increase in quantity sold over the last 12 months due to attractive resale opportunities and increases in new construction. Q3 18 All statistics are based upon Park City Board of Realtors MLS data for the period of 10/1/17 to 9/30/18. © 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.