The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-16
REAL ESTATES FIRM GRIP
THE MARKETS ADVANCING ALL
THE TIME.

Unlmproved Lots in Eligible Loc lities
Sought for at Any Price-Very Little
| Improved Property in the Market
What a Real Estate Dealer Says
| About the Outlook-The Profits in
Real Estate Not All Taken Yet.
This may be called the Off season for
real estate. As rule, people have too
much business to attend to in the winter to
think Of buying lots, building homes or
houses, or specializing for rise. The real
estate market, however, continues very
firm, and prices are constantly advancing.
A prominent real estate dealer said to a
MORNING NEWS reporter yesterday that
many inquiries are being made for prop
erty from Gwinnett to Anderson streets,
between Montgomery and Habersham. but
it is almost impossible to get an eligible To-
cation at any price There are compare
lively few vacant lots, and the most of
these are owned by people who propose to
build homes for themselves. Speculative
lots are things of the pest-within that
area. Occasionally holder may sell, but
IL he does he takes in a good margin in
profit. A full lot. 90 by 100 feet, will bring
handsome figure if located almost any
where within the boundaries mentioned. A
quarter of lot 80 by go feet, near the
corner of Bull and Anderson streets, was sold
a few days ago for 81, 900.
NO HOUSES ON THE MARKET.
There Is not a first class, or even
what might be called a comfortable
residence. on the market. A good
house, eiigibly located, and valued any
where from $1,000 to $4,000, is snapped
up as soon as it is offered. OF course, such
property is wanted for personal use or per-
manent investment.
There is but little doing in real estate
south of Anderson street, or in fact in
property in any OF the suburbs,
the gentleman said Whatever sales
who propose to build houses and they as
rule want half lot. The speculative and
investment demand will begin next
month, when money is easier. just
now those who have money are
using it in business. After New Years the
suburban real estate market will open up.
There are pie lty of opportunities for specu-
lative Investments, he said, in real
estate in and around Savannah, eS
pecially on the southern line of
Improvements, and the time is not
far off when there will be an advance in
lots south of Anderson street similar to that
which occurred about ten wears ago with
those south of Hall street. I o profits on
real estate have not all been taken in by a
good deal.
AN ADVANCE COMING.
The gentleman further stated that he
looks for big advance during the coming
year. In fact, there are mora reasons for
expecting good demand for lots than ever
before i'll the history of the city. Leaving
out the question Of the expected incre lse OF
business and consequent addition to popu-
latlon 10y reason Of the late railroad move
ments which, of course, mean more men
and more houses, there is the new hotel, the
new court house, the new public buildin-
aud several other heavy contracts requiring
the employment Of large number Of work
men. Many of those who come
here to work on these buildings
will remain. A large percentage of the
employing mechanics, 1.-THE bosses were
brought here at different times as workmeu
on large buildings. 1t will be the same next
year. Many Of The skilled hands will decide
to cast their fortunes here. and they will
eventually need houses. II KNOW" con
cluded the gentleman, 'all about real estate
in this city. [ have made it a study. do
a business for men who are quietly making
their fortunes by constant buying and sell
ing OF lots. The lapse of few weeks or
months always makes a margin of profit. -"