The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-12-25
Month.
50, l22, 979 s., s72. $40 Sl8, $50, AIS


December..-------- 1895 464,4lO 100000
Total ------ So 49,, g79$ ,s72 84oIsl8, $50, 4l9
The December, 1889, total is, of course,
approximated, and is based upon the trans
fers for the first thirteen days of the
month, which were 455 in number and
reached a total of 81, AS, 654,6l. In other
words the real estate sales for 1889 exceed
those of 1883 by $S,4s4,O79.
There are 123 regularly licensed real
estate firms in Salt Lake. Some of these
firms consist of two and others of three
and four members, so it is safe to assume
that at least two hundred are licensed as
real estate dealers, to say nothing of the
army of curbstone brokers, and others
who have managed to dodge the collector.
That the year has been a most prosper
Gus one, the above figures show at glance
The real estate sales prior to the year 1887
were comparatively insignificant, and con-
sisted mainly of such transactions as are
liable to occur in any community. Pre-
vious to 1887, if one bought a piece of
property, it was not with the idea of hold
ing it for speculation, but because lac either
''neede ID it in his business" or was desir-
GUS of building upon it. In other words,
there was no speculation, and had anybody
suggested that piece of land, which then
went begging at $1,000, would in three
years be sold for six times that sum,
number of kindly and well-disposed neigh
bors and friends would probably have
escorted him to the nearest probate Judge
with a fearful request that his sanity be at
once inquired into.
BUT TIMES HAVE CHANGED,
and the people have changed with them.
The man who three years ago laughed
loudly when he disposed of his realty at
what he considered three times its value,
has lived to see that same piece sold again
and again at advanced prices, until now, in
some cases, the figure asked is from six to
seven times what was originally paid for
it.
During the months of November and
December, 1887, there was quite little stir
in realty; il was the patter of the rain that
preceded the food. But it was not until
the middle of January or the beginning of
February in the following year that the
real estate storm burst upon US. For six
months there was the widest kind of spec
ulation-a great deal, however, of which
was in options, Nevertheless, the records,
as given above, show that considerable
property changed hands, although not
nearly so much as one would have been led
to believe from the excitement then rag
ing. 1t was bad case of real estate fever |
but it left no i'll effects. In July, August, |
September and October, the sales fell off |
considerably, but frightened up again in |
November and December, making a total |
of 1892, $40 for the year, as against |
s., 122. 979 for 1887.
Encouraged by the increase of the sales |
during the last two months of 1888, our |
real estate dealers ventured the prediction |
that the present year would far outstrip |
that of its predecessor. That they builded |
even better than they knew, our figures
show. These based their assertions upon
the belief that Salt Lake was the CONNER
cial and railroad centre of the inter-moun-
tain region, and pointed to resources and
attractions enjoyed by this city which are
to be seen in connection with none of the
other places that have, in few short
wears. evolved from obscure villages and
towns to cities OF 5000 to 100000 people.
Flushed by theirpresent success, probably,
but with their past prophecies amply full
filed the same gentlemen who spoke so
year ago,
SEE NOTHING BUT PROSPERITY AHEAD
Of US. The real estate sales for the year
have. under the circumstances, been little
|,
have not yet reached their limit, neither /
have prices. Real estate will be higher !
within year than it is at the present. {
The cry goes up even now that real estate I
is held higher here in proportion than in I
some of the boom towns with which we are
This, we say, is not so: but /
even if it were true, there could be no seri- i
ous objection. Everything considered, i
in Salt Lake will always be worth 7
much more than in any other western city, q
because no other place on the face of the /
earth enjoys the same advantages that we s
10; that offers to the world the same in '
iucements; that combines the many re-
lusites that go to make up desirable place a
70 live in. All other cities have their draw S
packs; with half the money spent in Salt l
Lake that has been expended in other l
places Of national reputation, there will be t
nothing to complain of. Our mineral re n
sources are varied and inexhaustible; our t
Great Salt Lake the most novel and health v
ul watering place on the face of the globe, n
md our warm and hot mineral springs are d
ar in advance Of anything of similar ma Ii
ure in the country. That the term. "Tdeal II
ylimate," when applied to Salt Lake, is g
lot used ill-advisedly has long since been h
onceded. There are no broiling, baking e.
ummers, as in the east, which make day ell
fe a burden and night-life troubled IL
ream; no winter billiards, cyclones or ii
GODS that we yearly read of with horror in al
Their quarters of the globe Our death IL
oil, from what are known as strictly pre- ra
entible diseases, is smaller than tn at of C