Wasatch Back Quarterly Market Reports 2018 Year End 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. $ Average and Median Sales Price 400 K 700 K 350 K 2014 2015 2018 single family homes AVERAGE SALES PRICE 6% 19% $679,248 2016 avg med 2017 2018 single family homes MEDIAN SALES PRICE 14% $515,000 avg med 0 2018 2018 condos/town homes AVERAGE SALES PRICE 5% $305,419 avg med 2014 avg med avg med 2015 2016 2018 vacant land AVERAGE SALES PRICE 14% $305,792 avg med 50 K 100 K 150 K 200 K avg 250 K UNITS med 300 K avg med avg Average and Median Sales Price 0 100 K 200 K 300 K 400 K 500 K 600 K 800 K VACANT LAND med med avg 2017 SINGLE FAMILY HOMES $ med 2018 2018 vacant land MEDIAN SALES PRICE 15% $230,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: Current inventory throughout the Heber Valley remains constrained as construction lags. Due to this, the average and median prices of single family homes have increased. While Midway and North Heber have seen a significant increase in average and median sales price of single family homes, buyers can find value in Historic Downtown Heber City and Daniel. YEAR END 2018 All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/18 to 12/31/18. © 2019 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.