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Show THE PARK RECORD www.parkrecord.com SATURDAY, JANUARY 27, 2001 Business. B-7 BUSINESS EDITOR: Bruce Lewis 649-9014 ext 1 13 Briefs Larry Callahan joins Sundance as executive director Larry Callahan has been named the new executive director of the Sundance Village. Callahan moved to Sundance after serving nine years as ranch manager of the Post Ranch Inn, located on the Big Sur Coast of northern California. While at the Post Ranch, Callahan was instrumental in developing a program pro-gram which contributed to a 95-percent year-round occupancy rate. Prior to working at Post Ranch, Callahan was a project manager for Jacques Cousteau and at the Nature Conservancy, where he served as a development and project manager, creating visitation programs for the agency's preserves on Santa Cruz island, Calif. Callahan is originally from the New England area. Grants available for help with energy bills Consumer Guidance, a Washington, D.C.-based nonprofit organization, has established a gran; fund to help people having financial problems resulting from recent high energy costs. The energy Help Grant Program is funded by private donations from corporations cor-porations and citizens. Consumers can receive a free grant application and more information informa-tion about other financial help by calling call-ing the organization at (202) 595-1035, 595-1035, or visiting the www.consumer-guidance.org www.consumer-guidance.org Web site. Outdoor Retailer show kicks off at PCMR The 2001 Outdoor Retailer Winter Market is at the Salt Palace Convention Center in Salt Lake City this weekend. The two-day On-Snow Demo was held at Park City Mountain Resort on Thursday. The On-Snow Demo offered attendees the opportunity opportu-nity to test many manufacturers' latest offerings. The Outdoor Retailer Summer and Winter Market shows are the world's largest outdoor industry trade shows. Several thousand exhibitors and buyers buy-ers are expected to attend. Space open in Biz-to-Biz Expo The Salt Lake Area Chamber of Commerce is seeking exhibitors for its 12th Annual Business to Business Expo, scheduled for Apr. 25 - 27 at the Salt Palace Convention Center. More than 250 companies, exhibiting in 350 booths, are expected expect-ed to attend the event. The Expo is free to the business public. over 18 years of age. For more information, call the Salt Lake Area Chamber of Commerce at (801) 364-3631. Outlying areas felt pinch in 2000 real estate sales Heber, Coalville register declines near 40 percent by Bruce Lewis OF THE RECORD STAFF Second of a two-part series The number of single-family homes sold in areas surrounding Park City and the Snyderville Basin was off by more than one in five as sales in 2000 declined by 21 percent from 1999 numbers. Even though single-family home sales were up by 45 percent in Midway, that increase could not offset the 39-percent sales drop in Heber and the 40-percent decline in the Coaiville-Wanship-Hoytsville area. The numbers came in a year-end compilation compi-lation of area real estate sales tabulated by the Park City Board of Realtors. Comparisons of condominium sales were not statistically significant because of low sales numbers, except in the Midway area where 16 sold in 2000, compared to 24 sold during 1999. That area saw average condo sales prices increase by about $91,000 per unit. The stats Following are the statistics for each Park City Board of Realtors area for 2000: KamasOakleyAVoodland: Single-Family Single-Family Homes - 46 single-family homes sold in both 1999 and 2000. Dollar volume: $12.9 million, up 1 percent from $12.8 million mil-lion in 1999. Average sales price also increased by 1 percent, to $279,978. Condominiums - no condominiums sold in either 1999 or 2000, Nine were on the market mar-ket during 1999, but none were listed in 2000. Single-Family lots - 69 single-family lots sold (down 10 percent from 77 in 1999). Dollar volume: $18.8 million, off 8 percent from $20.4 million in 1999. Average sales price was up 3 percent, from $265,193 to $271,977. Single-Family homes - None were sold in either 1999 or 2000; however, three were listed for sale during 2000. Condominiums - 57 were listed for sale during 2000, however, none were sold by the end of the year. None were listed or sold during 1999. Single-Family lots - 13 single-family lots sold in 2000; none in 1999. Dollar volume: $1.7 million; average sales price was $133,588. Midway: Single-Family Homes - 16 single-family homes sold (up 5 from 1999). Dollar volume: $3.9 million, up 16 percent from $3.4 million in 1999. Average sales price dropped 20 percent, from $307,727 to $245,836. Condominiums - 16 condominiums condomini-ums sold in 2000, 24 in 1999 for a decline of 33 percent. Dollar volume was $3.6 million in 2000, up 13 percent from $3.1 million in 1999. Average sale price was up 70 percent in 2000: to $222,747 from $131,9d4. Single-Family Single-Family lots - 13 single-family lots sold in each of 1999 and 2000. Active listings climbed 79 percent, from 38 in 1999 to 68 in 2000. Dollar volume: $1.0 million in 2000, $905,900 in 1999. Average sales price was $78,385 in 2000, $69,685 in 1999, a 12-percent 12-percent increase. Heber. Single-Family Homes - 39 single-family homes sold (off 39 percent from 64 in 1999). Dollar volume: $8.4 million, down 34 percent from $12.8 million in 1999. Average sales price was up 8 percent, to $215,847. Condominiums - No condominiums condo-miniums were sold in either 1999 or 2000, although one was actively listed in 2000. Single-Family lots - 24 single-family lots sold (down 14 percent from 28 in 1999). Dollar volume: $1.4 million, down 52 percent per-cent from $2.9 million in 1999. Average sales price dropped 44 percent, from $104,086 to $57,865. CoalvslleWanshipHoytsville: Single-Family Single-Family Homes - 18 single-family homes sold (down 40 percent from 30 in 1999). Dollar volume: $3.1 million, down only 5 Please see F i, B-8 Demos on the snow I r " -If ran 11 BRUCE LEWISPARK RECORD Ian Harvey, owner of Heber City-based Pioneer Sport, sets up his booth at the Outdoor Retailer Show's On-Snow Demo Thursday morning. The event gave prospective buyers from stores and sporting goods dtstrtbu tors a chance to try out next year's equipment models on the snow a Park City Mountain Resort before moving into the Salt Palace Convention Center for the more traditional booth-oriented trade show this weekend. Utah economy could benefit from California's energy woes Bank economist sees slowdown, not recession by Bruce Lewis OF THE RECORD STAFF John Mitchell sees Utah's economy slowing slow-ing for the coming year, as will the national economic engine. Mitchell is U.S. Bank's Western Region economist. He was speaking at a Park City luncheon Thursday. Overall economic growth has been in the 4-percent range for the past several quarters. "I see that slowing into the mid-2-percent rate for the coming year," Mitchell said. "It will be somewhat like 1973 when the national nation-al speed limit on highways was lowered from 70 miles per hour to 55. You still got where you were going, but it took longer to get there." Mitchell noted that Federal Reserve Chairman Alan Greenspan all but signaled another round of interest rate cuts for the following week with his address to Congress on Thursday. He also noted the Fed's turnaround turn-around in a two-month period from being concerned about inflation to being concerned con-cerned about stimulating the economy. "The economy is slowing significantly, influenced primarily by a weakening in business busi-ness investment," Mitchell said. "These moves by the Fed are an attempt to get that going again." Mitchell also forecast that California's current woes with electricity could rebound to the benefit of Utah and the states surrounding sur-rounding California. "Think about it. If you were making a decision to expand into or relocate to California, wouldn't you be more cautious, given their problems with rolling blackouts?" black-outs?" he asked, adding that California made one very significant error when they Please see Economist, B-9 ' Nightly Lodging Tally Projected Tally for the week of January 30 - February 5, 200 1 Total visitor SOWl HoTI TOEl WEB TOO THTl "SOTl , Nights: 59,364 - Weekly High: Daily Average: 8,481 l l l l 11 l J I I I " ! 3 f H-HHUi Year To Date: Nightly Lodging o Tally Estimates - aflBJ - - - "JiHr"HB"9B" Occupancy At I H Computed by adding. B ' 1 ii r pr I I . m m m AMBERBUREAU Stock Performance Data for companies of interest to Utah investors Name 0122 0125 Name 0122 0125 Name 0122 0125 Name 0122 0125 ALBERTSON 26.00 26.13 EVANSSUT 6.63 6.50 JPREALTY 17.63 18.19 QUESTAR 27.50 28.75 ALPNET 1.31 1.25 FXENERGY 5.13 5.38 KROGER 25.00 23.63 SOSSTAFF 1.50 11 AMERSKI 1.56 1.63 FRNKCOVEY 8.13 8.31 KIMBERCLK 63.50 65.00 SENSARCORP 1.66 1.75 BIOMUNE 1.16 1.05 GENTNER 15.13 14.88 MERITMED 5.88 5.63 SENTOCP 2.63 2.88 BSDMED .81 .75 HEADWATERS 4.63 5.97 MITYLITE 6.63 6.88 SIMONTRK 5.25 5.25 COMTHERMAL 3.63 3.69 ILINK 1.00 .72 MYRIADG 59.50 66,75 SKYWEST 22.63 24.44 CYCL03PS .17 .16 INTLAUTS 1.72 1.56 NATRSUN 7.19 6.97 SOWSTAIR 28.43 29.62 DAWTECH 1.00 .91 INTWSTHMED 4.22 4.13 NOVELL 7.84 8.31 TENFOLD 3.38 2.50 DELTAAIR 45.13 45.94 INTRAWEST 19.38 19.13 NUSKIN 5.88 5.75 USANAHLT 1.81 2.75 DIGICOUR .55 .75 IOMED 5.69 5.63 NUTRACEUT 2.69 2.50 UTDPKMIN 22.63 22.00 EQUITYOIL 3.19 3.25 IOMEGACP 3.56 3.75 1-800CONT 31.38 30.34 UTAHMED 7.50 7.69 Name 0122 0125 VAIL ASSOC 24.06 23.06 WEIDERNUT 2.63 2.44 WELLSFARGO 49.63 50.63 ZIONBKCP 58.69 57.19 f Dow Jones Averages, 30 INDUS 10,578.24 10,729.52 20 TRANS 2,969.85 2,980.17 18 UTILS 3S7.96 377.24 This Utah stock report is provided by Derrell Reeves of Paulson Investment Co., Park City. 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