Wasatch Back Quarterly Market Reports 2018 Q3 Wasatch Back Market Report - Page 7

EAST SUMMIT COUNTY Known as the “Gateway to the Uintas,” the charming Kamas Valley within East Summit County boasts endless outdoor activities. The East Summit County area includes the neighborhoods of Woodland, Francis, Kamas, Marion, Oakley, Weber Canyon, Peoa, Browns Canyon, Wanship, Hoytsville, Coalville, Echo, and Henefer. SINGLE FAMILY HOMES $ Average and Median Sales Price 800 K 2014 2015 2016 2018 single family homes AVERAGE med 2017 avg med 0 2018 2018 single family homes 18% 6% 21% 2014 AVERAGE SALES PRICE 13% $432,000 $222,281 med avg 2015 med 2016 avg med med avg 2017 avg med 2018 vacant land MEDIAN SALES PRICE avg 50 K SALES PRICE $595,146 avg 100 K med 150 K avg 200 K med 250 K 85 UNITS avg med 300 K avg 350 K 0 100 K 200 K 300 K 600 K 400 K Average and Median Sales Price 400 K 700 K 500 K VACANT LAND $ med 2018 2018 vacant land MEDIAN SALES PRICE 10% $122,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: East Summit County saw an increase in average and median sales price with a decrease in number of single family homes sold over the last 12 months. As the quantity of land sales remains stable throughout East Summit County, the median sales price increased and the average sales price decreased, mostly due to one large land sale in the previous 12 months. The ‘Gateway to the Uintas’ continues to be popular amongst people downsizing from Park City, looking to find entry level inventory, or searching for large estate lots to build their dream home. 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.