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Show ftt At nusday, MlM, 1983 . Pirk City News oooo o ooooo ooooo LOTS LOTS LOTS LOTS LOTS Only$Z6,000 for 2.32 acres, Off X2ffRanch Road, spectacular view. Horse property, Snyderville. :ii!ini!iiiiiiiiii!iiiiininiiira Figures indicate business upswing 4' Hidden Cove - Lot 58 at Appraisal, $46,500 Vj Acre - view of Jeremy Ranch Golf Course Old Town lot at 331 Woodside 50 x 75; just reduced to $78,000. Unbroken view to the west. .Call me for details. Dick Lueck, 649-4660 or 649-6082. Almost $22 million worth of real estate changed hands in the Park City area during the first three months of 1983, according to the Park City Chamber-Bureau quarterly newsletter. "During the first three months of 1983, Park City realtors and developers witnessed wit-nessed a major upswing in buyer activity in our area," says the newsletter "The Informant," due to be released re-leased Friday. Although first-quarter figures fig-ures for 1982 were not available for comparison, the newsletter points out that the sales of residential condominiums in the first quarter of 1983, valued at $16.7 million, is approaching the figure for all of 1982, when condos worth about $20.8 million were sold. First-quarter figures also Summit Savings reports record quarterly income Dean S. Berrett, chairman and chief executive officer of Summit Savings and Loan Association, reported that for the first quarter ending March 31, total income climbed to a record $536,344, an increase of more than $500,000 over the same period in 1982. Net income from operations before taxes and extraordinary items increased in-creased to $104,676. For the same period in 1982, the association posted a loss of $2,654. Assets of the association increased over $17 million to a record $19,309,898. The association's net worth increased in-creased to $602,914, an increase in-crease of 71 percent over the corresponding date last year. The association also reported re-ported record loan volume of $3.1 million for the first quarter of 1983. This figure compares to total loan volume vol-ume in all of 1982 of $4.4 million. The majority of the first quarter loan volume covered financing of non-owner non-owner occupied condominiums condomin-iums in Park City, with a majority being in Deer Valley. Control of Summit changed hands in late 1982 when Peter Sajovich, a California Cali-fornia businessman, acquired ac-quired a majority interest in the Park City-based savings and loan. Berrett stated that "the success of Park City's 1982-1983 1982-1983 winter season has revitalized re-vitalized investor interest in Park City real estate and has laid a strong foundation for further growth and development develop-ment in 1983. Summit Savings Sav-ings will be in the midst of this growth, and looks forward for-ward to a record year in 1983." 'Prospective buyers should be sure to contact the premier firm in Deer ValleyPark City, Gump & Avers ... Town & Country Magazine December, 1982 This week's featured properties: 4 Vs- FAWNCROVE in Deer Valley Bordering a largerfake, this was Deer Valley's first condominium project. Priced at $187,000 these 2 bedroom units are the lowest in Deer Valley. IRON HORSE Starting at $63,500, the least expensive, new quality condominiums in Park City! "The Park City Housing Authority has followed the Iron Horse Project from conception and wholeheartedly endorses and supports this project" THE STEIN ERIKSEN LODGE in Deer Valley "A nonpareil condo-inn with the finest European amenities and cuisine as quoted from TownS Country. Everything is first class at Steins! Plus a ski toski from location. ft 3 If .. .i..-.- . ' J - .v . " It" ' - j!- IT mi, : DAYSTAR in Deer Valley A dramatic passive solar design with greenhouse windows and sweeping views of Deer Valley's ski-runs are offered in these luxurious condominiums. Town & Country says, "... boasts lots of glass and brass." QUEEN ESTHER VILLAGE in Deer Valley Extremely good floor plans, sun and spectacular spec-tacular views have made these units very popular. Two and three bedroom models are available starting at $197,000. THE CACHE at Deer Valley Town & Country says, "a small twelve-unit complex in an aspen grove, oozes with tasteful, understated luxury." Each unit features 4 stone fireplaces, french doors and windows, a large spa area, private master suite. Ma PARKMEADOWS "An ultra deluxe" country club and golf paradise situated in a small basin west of Park City," states Toyyn.& Country. Magnificent custom homes, condominiums, cottages and building sites tucked around and within a jack NickJaus designed course. LAKESIDE IN DEER VALLEY 2, 3 and 4 bedroom condominiums with an incredible incre-dible location on Deer Valley Lake walking distance to the resort Year-round pool, hot tubs and sauna. Be sure to ask us about our "FANTASTIC 1 5" Best Buys in Park City real estate, an in-depth analysis our agents did on today's best bargain values. CUMP&AYERS REAL E S TATE I N C. indicate that sales of residential resi-dential homes in the first quarter reached about $3.4 million. In all of 1982, sales in the same category reached about $7.2 million. The newsletter also reports re-ports other indications of an upswing in the local economy: econ-omy: Transient room tax collections col-lections rose from $45,897 in the fourth quarter of 1981 to $58,476 in the same period of 1982. General sales tax collections collec-tions for the same period increased almost 20 percent, up from $121,357 in fourth quarter 1981 to $144,929 last year. Almost 364,000 riders took advantage of Park City's free bus service during the first quarter of 1983, including includ-ing 162,652 during March alone. -Phone calls on the Cham-ber-Bureau incoming WATTS telephone lines increased in-creased from 280 in the first quarter of 1982 to 2,827 in the same period of 1983. The newsletter also includes in-cludes information on lodging lodg-ing reservations and permit authorized construction. Steve Garveybuys Deer Valley condo Add another name to Park City's star chart. Baseball hero Steve Garvey purchased pur-chased a condominium at Stein Eriksen Lodge last month. Garvey recently appeared on the cover of Sports Illustrated after playing 1,107 consecutive games, breaking the National League record set previously by Billy Williams. He has been selected select-ed as a member of the National League All Star team five times and recently made his 2,000th major league hit. Evidently, Park City made a hit with Garvey. Last winter win-ter he skied at Deer Valley with Bill Coleman of Coleman Land Company. According to Coleman, "He is an amazing guy. He is just as nice as he appears in all the publicity." He added that Garvey is also an avid golfer and tennis player. Parkites probably won't see much of their new part-time part-time resident this summer. Garvey will be on the circuit playing first base for the San Diego Padres. But hopefully he will find time to ski in Park City this winter. New phone prefix on Park City dials There are certain things in the world that don't change. The sun' 'rises" in the east'.' Thanksgiving comes on : a Thursday. And if you want to dial any number in the Park City-Snyderville area, the first three numbers are always 649. The sun still comes up in the same place. But there's something new for the Park City phone prefix. New businesses and residences resi-dences will have the prefix 645, according to Eve Mary Verde, an assistant staff manager at the public relations rela-tions department of Mountain Moun-tain Bell. For every prefix, like 649, said Verde, there are about 10,000 permutations for the four addifibnalhumbers that follow. About 88 to 90 percent of the 649 numbers are filled she said. The rest are held in reserve. For instance, Verde explained, an old business with a 649 number might pick up additional phone extensions and require new phone numbers. If you are a new phone customer, whether a business busi-ness or a resident, it's 95 percent certain that you will get a 645 number, she said. CHALK GARDen Park Meadows Plaza, Park City, Utah 84060, V mile east of the Holiday Inn.) 649-8550 TROLLEY SQUARE and DEER VALLEY m |