Wasatch Back Quarterly Market Reports 2019 Q2 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.
SINGLE FAMILY HOMES
$
Average and Median Sales Price
400 K
700 K 350 K
100 K
150 K
200 K
250 K
100 K
0
Average and Median Sales Price
300 K
200 K
300 K
400 K
500 K
600 K
800 K
VACANT LAND
K
$
50 K
avg
med
avg
2015
med
2016
avg
med
2017
avg
med
2018
avg
med
0
2019
UNITS 225 312 335 338 292
2019
single family homes
AVERAGE
SALES PRICE
6% 16%
$703,562
2019
single family homes
MEDIAN
SALES PRICE
7%
$534,000
avg
med
2015
avg
med
2016
avg
med
2017
med
med
avg
avg
2018
med
2019
UNITS 133 152 189 144 155
2019
condos/town homes
AVERAGE
2019
vacant land
AVERAGE
SALES PRICE SALES PRICE
14% 14%
$279,900
$310,237
2019
vacant land
MEDIAN
SALES PRICE
18%
$250,000
*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 is stable. The increase in median sales price of single family
homes in the Heber Valley is nearly double the national average. While Midway saw a decrease in the number of single
family homes sold in the past 12 months, the average sales price increased 31%. Appetites for land in the Heber and
Midway areas remain robust, with an 18% increase in median sales price. Further development activity and opportunities
remain strong.
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.