Wasatch Back Quarterly Market Reports 2018 Q3 Wasatch Back Market Report - 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. 100 K 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 25% 6% 27% $658,702 med $525,000 avg med 0 2018 2018 condos/town homes AVERAGE SALES PRICE 11% $298,939 avg avg med avg med avg med med 2014 2015 2016 2018 vacant land AVERAGE SALES PRICE 12% $281,732 2017 avg med 50 K 100 K 150 K 200 K 250 K 300 K Average and Median Sales Price 200 K 300 K 400 K 500 K 600 K 350 K 700 K 400 K 800 K VACANT LAND 130 $ Average and Median Sales Price SINGLE FAMILY HOMES UNITS $ med 2018 2018 vacant land MEDIAN SALES PRICE 13% $225,000 *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 average and median sales price of single family homes over the last 12 months. While Midway, Timberlakes, 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. 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.