| OCR Text |
Show THE PARK RECORD B-7 Business. www.parkrecord.com i SAT/SUN/MON/TUES, NOVEMBER 4-7,2006 BUSINESS EDITOR: Skyler Bell 649-9014 ext 110 business@parkrecord.com Price push reaching to outer Summit County Park City Resort Center Merchants Association meeting scheduled The Park City Resort Center Merchants Association has scheduled its next meeting for Nov. 8 at 10 a.m. at the Park City Mountain Resort Team Building in the second floor conference room. The meeting will start with an introduction, followed by a discussion of upcoming events and a report from PCMR. The Park City Chamber Bureau will make a report, followed by a lodging report and any new business. AAA Utah celebrates Hybrid Awareness Month In recognition of Hybrid Awareness Month, AAA Utah will be offering a variety of free alternative fuel information at local offices throughout the month. During the month of November, every AAA office in Northern California, Nevada and Utah will be featuring free materials with information on a variety of alternative fuels like hydrogen fuel cells and natural gas. Offices will also have tips for drivers of hybrid vehicles on how to get the most fuel efficiency out of their cars. November's activities are all part of the AAA Greenlight Initiative, AAA's program to promote the understanding and development of alternative fuels and vehicles. More information about the Greenlight Initiative is available at www.aaa.com/greenlight. Visitors to www.aaa.com/greenlight can learn about everything from basic information on how a hybrid electric vehicle works to the latest information on hydrogen fuel cell cars and where to fill up your alternative fuel car. There are also details on the tax breaks and other incentives for purchasing hybrids. In addition to articles and FAQs about alternative fuel and vehicles, the site also features a comprehensive list of links to additional resources on the topic. Park City resident joins Big-D Construction Park City resident Jimmy Crouch has joined Big-D Construction as senior project manager. He has over 25 years experience in project management, field engineering, and quality control. Crouch has worked on projects in 15 states and his clients have included Barnes & Noble, PetsMart, and Carmike Cinemas. He earned a bachelor's degree from Southwest Texas State University, San Marcos, TX. Three-part series wraps up with Eastern Summit County By SKYLER BELL 44. Pinebrook condominiums, on the other hand, have increased in sales from 59 last year to 76 during the same period in 2006, with prices still rising from $249,406 to $367318. Vacant lots have gone from 11 sales to 13, while increasing from $204,445 to $336,408. Summit Park Of (he Record staff Summit Park had one of the most draEditor's note: this is the third of a threematic changes in the county in it's increase in part series analyzing the most recent report the average price for vacant land. The put out by the Park City Board of Realtors growth from $62,146 to $173,512, an on the housing market. The third-quarter increase of 280 percent, is only surpassed by report statistics are current to October. that in the CoalviUe area. Another sharp change came in condoSummit County home prices have risen minium sales, which dropped from nine to over the last year while sales have one, yet still increased in average price from decreased. This trend has been followed in $230,556 to $300,000. Park City proper, throughout Summit County and into Wasatch and Morgan Jeremy Ranch Single-family residence sales in Jeremy Counties. ll Ranch dropped from 89 to 40, with average The numbers on properties are going up prices growing from $583,020 to $768,758 considerably and, obviously, as those prices are going up you're seeing a change in the respectively. Condo sales rose from 11 to 13 number of units sold," said Seaton Prince, with prices increasing from $379,041 to MLS director for the Park City Board of $473,902. Vacant lot sales fell from 20 to Realtors. "You're hitting that price point three and rose in average price from where things are leveling off. The value is $350,265 to $459,667. still there so people are still buying, but it's Glenwfld/Silver Creek Home prices in the area nearly doubled reaching the point where it's pushing more in the last year,risingfrom $670,963 to $1.13 people over to the Kamas Valley and million, while sales dropped from 36 to 29. Coalville areas." Vacant lot sales more than halved from Prince said the success of the Park City real estate market has pushed the prices of 115 to 50, with a slight increase in price from $428,607 to $4-?6,761. homes in outlying areas higher. "Beyond Park City, the Heber Valley and Thulside Park Trailsidc Park homes followed the trend, Midway are benefiting greatly from it," he swelling prices from $581,040 to $780,714 said. "But the Kamas Valley is also benefitand watching sales drop from 48 to 28. ing from pressure in the Heber Valley. Vacant lots did the same, going from They're getting it from both sides. From the $282,444 to $308300 with sales falling from Kamas Valley over to Coalville there are nine to five. about the best price-point values you can Promontory get." Single-family residences went against the Pinebrook Last year 68 single-family residences sold grain by increasing sales from 13 to 21, in Pinebrook for an average price of although prices also rose from $1.83 million $624,609. While prices in 2006 have to $2.12 million. Vacant lot sales fell, howevincreased to $830,372, sales have dropped to er, from 198 to 141, while prices jumped from $567,456 to $604,044. Jordanelle West and East $2,000,000 The West Side of Jordanelle has had no sales of single-family $1,500,000 homes so far this year after having three sales last $1,000,000 year. The East decreased sales from 18 to 16 with a price $700,000 increase of just under $200,000. The West did see a significant $500,000 drop in vacant lot sales, going from 10 to one, while $300,000 the East shot up from 46 to 79. Kamas Valley The Kamas $100,000 Valley rose slightly in singlefamily residence sales from 70 to 72 with prices up from $370,801 to $529,937. Condo sales jumped from zero to nine and vacant lot sales jumped from 81 to 125 with the average price going from $284,543 to $332,139. "I think the opening of more product over there, more homes, more condos, and subdividing more of the land, certainly makes the access easier," Prince said. "The price point of properties in the Kamas Valley isrisingbecause people want to be near Park City but don't want to pay Park City prices." In the Woodland and Francis areas 15 houses have been sold so far this year, compared with 23 during the same period last year, with respective average prices of $868,037 and $287,026. Sales in Kamas and Marion went up from 22 to 29, with a price drop from $465,014 to $320,488. Oakley and Weber Canyon sold 25 homes last year, 22 this year, with average prices going from $364,968 to $396,261, while Peoa and Brown's Canyon saw zero sales up to 2005's third quarter, but have seen six sales so far in 2006. Coatville Area Coalville and the surrounding areas followed the same pattern of Kamas Valley. Sales increased from 18 to 21 with a price hike from $269,442 to $289,963. Vacant lot sales in the area made one of the largest price jumps, running from $42,670 to $178329. Construction for Temple Har Shalom underway specked out to be world class," he said. "It's going to take extra attention to detail on the part of the staff and myself. It won't be easy." One of the obstacles in their way is the weather. With a relatively late start and deadline just a year away, Cameron said he By SKYLER BELL has his work cut out for him. Of the Record staff "Right now we're looking to be complete They broke ground on Oct. 8 and now fall of 2007, but, unfortunately, we're getting Cameron Construction has officially begun started the first of November so the weather work on the new 30,000-sqaure-foot syna- is going to pose some problems for us." Another one of the problems is the gogue for Temple Har Shalom that is schedbooming real estate market, which is taking uled to open around Thanksgiving 2007. The building, designed by Prescott Muir all the local workers to other jobs. "We've had a permit for about three Architects of Salt Lake City and Alfred Jacoby of Germany, will located on the weeks now and it's been a bit of a struggle to northeast side of S.R. 224 near The Colby get started," he said. "The construction economy is so strong right now that trying to School. Project Manager Kevin Cameron of get resources allocated is pretty tough. Cameron Construction said it will be built of Everybody is stretched pretty thin." The building will include classrooms, a block, brick and wood siding, with interior finishes including wood ceilings, plaster kitchen, multi-purpose hall, sanctuary, administration offices and a basement for walls and stained glass windows. "They've decided they're going to use mechanical spaces and future classrooms. plaster in the sanctuary and the multi-pur- The building will cost over $1 million to pose hall, which is a finerfinishthan just dry- build. "The design philosophy, which is almost wall," he said. "Plaster has got more of a like a mission statement, is: this will be a new craft-oriented finish." He said the building will also include Jewish community center and synagogue state-of-the-art electrical and audio/visual building that will accommodate worship, systems, making the structure, "truly world education for all ages, gatherings and meeting of many types and sizes - sometimes class." "This facility has been designed and simultaneously - outdoor gathering, viewing New Jewish synagogue in Park City to open next Thanksgiving STOCK PERFORMANCE NAME LAST SUPER VALUE (SVU) ALTERS (ATRS) AMERSKI (AESK) BSDMED (BSOM) CLEARONE {CLRO) COMTHEFttML (CIO) DELTAAIR (DAL) DYNATRONICS (DYNT) WHmNG PETRO (WLL) EVANSSOT (ESCQ FXENERGY (FXEN1 33.2) 21.98 .2500 A.65 4.06 .WOO 1.CM 1.2800 44.14 3.97 5.43 CHANGE -.52 +.14 -.0040 +.05 +1.48 +.07 +.01 You need the Express Key! I NAME RENDERING BY CAMERON CONSTRUCTION The new Park City synagogue will likely open around Thanksgiving 2007. of presentations in all formats, including lectures, movies, plays and concerts, and milestone life events, such as weddings, bar/batmitzvahs and britmilah," he said. "The building should be as welcoming and comforting to non-Jews as it is to Jews, but be identifiably Jewish." Cameron, who works on commercial properties, said the feeling of the building is already different because of the level of excitement from the Jewish community. "It's notably different," he said. "We've done church work before, like for the Catholic church for example. Churches are different than regular commercial building because people are more emotional aijd attached to them then let's say a strip mall. It's almost a second home to some people." Data for companies of interest to Utah investors, November 4, 2006 The Utalx Stock Report is provided by Derrell Reeves of Paulson Investment Co., P;irk Ciiy, Utah LAST FRANKCOV (FQ 5.74 HEADWATERS (HDWR) 24.06 HUNTSMAN CORP (HUN) 17.43 INTLAUTSYS (IAUS) .4900 INTRAWEST flDR) 34.97 IOME0 (OX) 1.70 IOMEGA (IOM) 4.09 KNK3HTTRANS (KNOT) 17.87 KROGER (KR) 21.62 KlMBERCLK (KMB) 65.85 MERTTMD (MMSQ 15.13 CHANGE NAME +.06 -.27 -.10 + .0200 MrTYUTE (MfTY) MYRtADG (MYGN) NATRSUN (NATR) . NOVELL (NOVL) NPSPHARMA (NPSP) NUSKJN (NUS) NUTRACEUT (NUTR) 1-800CONT (CTAQ OVERSTK (OSTKJ PC. GROUP (PKCY) QCOMM INT (QMM) +.02 -.01 -.03 -.13 -.12 BAHGKOK LAST CHANGE 17.40 26.96 11.00 6 71 4.25 18.33 15.10 14.31 17.76 3.45 ,61 LAST NAME QUESTAR (STR) SCOGROUP (SCOX) SCOTTPWR (SPi) SENTOCP (SNTO) SKYWEST [SKYW) SOWSTAIR (LUV) TENFOLD (TENF) USANAHLT (USNA) UTAHMED (UTMD) VA1LASSO (MTN) WEIDERNUTR (WN1) .0-1 .13 .12 +.06 -.09 + .10 r x i THAI 82.06 2.30 49.69 2.99 25.64 14.72 .2400 43.42 3-1.46 39.16 6.13 CHANGE NAME +.76 -.16 -.45 WELLSFAR (WFC) ZEVEX(ZVXI) ZtONSBKCP {ZlON) +.18 -.03 -.0200 -.05 +.21 +.33 + .03 LAST CHANGE 36.21 7.79 78.24 +.34 +.24 -.38 UOW JONES AVERAGES 30 INDUS 11996.77 2 0 TRANS 4626.77 -19.77 -2055 1 5 UT1LS 444.66 -4.58 VOTED BEST mam f RfLrL DINNLR fLNTRrlrL When you purchase another entrte of equal or greater value. My tnt wasti war car more often aad sm save mooey? Come to the Buggy Bath car wash ana purchase your Express Key. Start saving 20% on all your vehicles, boats ana snorts toys. Limit two coupons per party or table. Not valid with other coupon or offer. Dine In only. A18% gratuity will be applied based on the original amount Payment must be made wtth a credit cam. Valid through November 23rd, 2006. Best Asian/Pacific Fine Dining WINNER BEST OF STATE UTAH 2006 ith the Ptircha^tff-2 CLU5 MON5OON All you can eat Pad Thai $9.99 .Specially Priced Appetizers $4.99 OFFER VAUD TUESDAYCLOSED SUNDAYS & M I LIMIT 2 COUPONS PER TABLE:* NOT VALID WITH ANY OTHER Znd Level Main St. Mall - 333 Main Street, Park City HOMETOWN GAR WASH IN BUSINESS SINCE 1985 1705 Bonanza Drive 649-1206 Available Friday, Saturday & Sunday at Club Monsoon. A Private Club for Members, Located at Bangkok Thai on Main GOS Mnln Stroct • Pnrk Hotoi • 643-THAI (0421) • www.bangkokthatonmain.com Reservations Required Call 645-SAKE (7253) LIVE ACOUSTIC MUSIC ON FRIDAY & SATURDAY |
