National Republican., 1883-04-21
THE REAL ESTATE TRADE,
Dealers Report Buyers Numerous and Business
Fairly Active
Suburban mud Residence Property h Prin-
cipally Sought.

Tho traffic in real estate has not been heavy
during tine past week, no very heavy saleS
having been made. still the number oil III
quiries made in regard to property has been
very large, and there is hardly broker VINO
has not n number of transactions pending
some simply awaiting the abstract OF iitie 10
close them up, and others delayed on account
Of the indccision of the purchaser.
A noticeable thing Is tho fact that capital
lists from abroad are seeking investments in
real estate in this city. Ono ageut said to a
REPuBt1cAN reporter yesterday that during
tho mast week no less than five gentlemen
from New York had consulted him in refer.
cnco to buying property here, aud that no bad
two very largo sales pcnding--onc of over
S5OOO0-wth them. In speaking OF TINS ono
Of the largest real estate owners 10 the
district said "TherO is no reason why
wealthy men from the north should not
invest Ia property in this city. We
havo one of tho most beautiful cities
in tho world. and we can offer facilities Tor
social enjoyment that are unsurpassed. Iho
only drawback that wo labor under at present
is the personal tax. If that were abolished
tho number of wealthy men who would pur'
chase property lyrc aud mako this city their
winter residence would greatly increase"
As an evidence of the increase in real es-
tate in the northwestern part of the city n
real estate agent said that one triangle, which
is shortly to BE- handsomely improved, was
in his possession for sale some five years ago
and that he tried to induce a client Of his in
Philadelphia TO purchase 1t at Sl2o per foot,
hut failed. II laid without II purchaser for
some time and was finally sold at
$3.50 per foot. In less than six months
after the last sale the whole tract was again
sold for 81. The increase III value in the case
of this particular piece of ground is typical OF
the rapid advance which has been made in
air the ground in the northwest.
There is now considerable inquiry in regard
10 suburban property, and many small sales
have been made. The Columbia heights and
the Stone estate are most frequently asked
for aud vet some places out as far as Bright
wood have recently changed hands. As an
evidence of the general attention which the
real estate gossip in the Saturday
issue of The REpUBr1CAN attracts, one
agent who in his interview published
last Saturday referred to u piece of property
on Capitol hill, which no had recently sold
AT a large advance, said that ON Monday
morning he had been ntrustcd with several
additional pieces of property 10 that locality
the owners stating that they had read his in
terview in THE REPUBLICAN.
While there have not been many new build
ings started during the past week there ha'
been previously reported, and many are max
ing arrangements to commence building
operations on the first proNimo. 1t is notice
able that the character of the houses that arr
now being erected is better that usual, the
owners being convinced that it does not pay
to build shell houses.
why said gentleman who owns a
large amount of property and who is making
preparations TO erect five more houses, 81
have come to the conclusion that IL pays bet
ter in the end to build your houses in sub
stantal manner. Now have the plans foi
two houses that will be begun in n week, ant
my builders told me that they could put then
up for at least 81 800 less than my prescn
contract is But will not have them us'
any inferior material, for want the house,
TO last. | don't propose TO sell them, but 4
hold them and rent them, and don't wan
TO be compelled in year TO have lot of re
pairs made My view is also held by all gen
tlemen who build to retain the houses II
their own possession
As al evidence of the prosperity of th'
Herd Phaeton company, it may be statct
that til, company will shortly commence thu
erection of decidedly extensive stable "a
the corner of Tenth and & streets southeast
The Dimensions will be III by 230 feet, and !
will be two stories in height with fiat ROOT
Every accommodation for the stock is pro
vided for in the plans, and it is estimate,
that the cost will be $4,000.