Wasatch Back Quarterly Market Reports 2018 Year End 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. 2014 med avg 2015 med 2016 2018 single family homes AVERAGE 2017 avg 0 2018 2018 single family homes med avg med SALES PRICE 20% 6% 27% avg 2014 2018 vacant land MEDIAN SALES PRICE $594,099 med AVERAGE SALES PRICE 15% $487,250 $224,187 2015 avg med 2016 avg med med avg 2017 med avg 50 K avg 100 K med avg 150 K 0 200 K 100 K 250 K Average and Median Sales Price 200 K 300 K 400 K 500 K 300 K 600 K 350 K 700 K 400 K 800 K VACANT LAND UNITS $ Average and Median Sales Price SINGLE FAMILY HOMES K $ med 2018 2018 vacant land MEDIAN SALES PRICE 28% $134,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: 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 a few large land sales 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 housing, or searching for large estate lots to build their dream home in a more rural setting. 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.