Wasatch Back Quarterly Market Reports 2019 Q3 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. 2.1 M 700 K 200 K avg med avg $421 K 300 K med 400 K avg 500 K 0 600 K 300 K Average and Median Sales Price 600 K 900 K 1.2 M 1 .5 M 1.8 M 800 K 2.4 M CONDOMINIUMS & TOWNHOMES avg med $ Average and Median Sales Price SINGLE FAMILY HOMES $ avg med 100 K avg 2015 med 2016 avg med 2017 avg med 2018 avg med 0 2019 UNITS 32 40 48 57 54 2019 single family homes AVERAGE 2019 single family homes MEDIAN SALES PRICE SALES PRICE 22% 36% $1,840,485 $2,147,500 avg med 2015 2016 med 2017 2018 2019 UNITS 132 163 189 140 158 2019 vacant land MEDIAN SALES PRICE 5% $395,000 2019 condos/townhomes AVERAGE 2019 condos/townhomes MEDIAN SALES PRICE SALES PRICE 24% 23% $643,117 $639,950 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: The single family home market surrounding the Jordanelle Reservoir remains strong. The average sales price in Tuhaye and Hideout increased 52% over the past 12 months indicating demand for this region’s unique views. Condominium sales throughout the area are up 11% compared to the same time in the previous year. Land sales took a 27% dip in quantity sold, however, median price still gained with a 5% increase across the area. Land sales currently under reservation are up significantly and are not reflected in these closed data statistics. A wide variety of condominiums and single family home sites are available in this picturesque area. Q3 19 All statistics are based upon Park City Board of Realtors MLS data for the period of 10/1/18 to 9/30/19. © 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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