Wasatch Back Quarterly Market Reports 2019 Q2 Wasatch Back Market Report

JORDANELLE Jordanelle is the picturesque area surrounding the Jordanelle Reservoir. Just minutes from Park City this area includes communities such as Hideout Canyon, Tuhaye, Victory Ranch, Soaring Hawk, and more. SINGLE FAMILY HOMES $ avg med avg avg med avg med 0 200 K 200 K 300 K 400 K 500 K 600 K 700 K $439 K 400 K Average and Median Sales Price 600 K CONDOMINIUMS & TOWN HOMES 800 K 800 K 1 .0 M 1 .2 M 1 .4 M 1 .6 M Average and Median Sales Price $ avg med 100 K avg med avg 2015 med 2016 avg med 2017 avg med 2018 avg med 0 2019 UNITS 28 38 38 64 48 2019 single family homes AVERAGE SALES PRICE 11% $1,699,270 2019 single family homes MEDIAN SALES PRICE 2% $1,760,000 2015 med 2016 2017 2018 2019 UNITS 130 139 188 145 170 2019 vacant land MEDIAN SALES PRICE 0% $395,000 2019 condos/town homes AVERAGE SALES PRICE 17% $599,948 2019 condos/town homes MEDIAN SALES PRICE 16% $611,837 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: As buyers continue to discover the unique features and breathtaking views in the Jordanelle area, we saw an increase in both average and median price of single family homes. The amenities and offerings in Tuhaye have increased interest in and sales of single family homes and buildable lots. The availability of new and more affordable condominium inventory has increased 15% in the past 12 months. Although fewer higher priced properties were sold this past year than in the previous 12 months, the market remains strong in the Jordanelle area. Q2 19 All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/18 to 6/30/19. © 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.

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