Wasatch Back Quarterly Market Reports 2019 Q3 Wasatch Back Market Report

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 350 K 100 K 150 K 200 K K 250 K 100 K 0 Average and Median Sales Price 300 K 200 K 300 K 400 K 500 K 600 K 700 K 400 K 800 K VACANT LAND SINGLE FAMILY HOMES $ 50 K avg med avg 2015 med 2016 avg med 2017 avg med 2018 avg med 0 2019 UNITS 227 353 330 341 310 2019 single family homes AVERAGE SALES PRICE 6% 4% $679,721 2019 single family homes MEDIAN SALES PRICE 0% $517,500 avg med 2015 avg med 2016 avg med 2017 med med avg 2018 avg med 2019 UNITS 130 166 178 142 151 2019 condos/townhomes MEDIAN SALES PRICE 1% $266,555 2019 vacant land AVERAGE SALES PRICE 14% $317,010 2019 vacant land MEDIAN SALES PRICE 10% $248,000 *Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances. i Takeaway: Single family home sales in the Heber Valley remain stable. The new product available in Heber City led to a 25% increase in home sales over the past 12 months pushing the median sales price up 10%. At the luxury end of the valley, Red Ledges had a notable 12% increase in average sales price of single family homes and a 25% increase in the total number of lots sold. Although current inventory is constrained, there is healthy activity throughout the Heber Valley across all property types and continued new construction will increase supply in the area over time. 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.

Wasatch Back Quarterly Market Reports 2019 Q3 Wasatch Back Market Report | Page 6