Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1892-08-21
A FALLING OFF
SHOWN IN REAL ESTATE TRANSACTIONS THIS
YEAR COMPARED WITH LAST.
Property Bought BY Spectators ia i@l-ThS
Year All Bona Eide Salss-0piniurS
Of Agents

year will not compare iavorably with the
same period In '91, the present year is
nevertheless regarded as q good one,
movements in the market being moro
healthy, and there being. q noticeable
absence Of purchases for speculative
purposes. Last year was an exceptional
one, and the amount of business in real
estate transactions 10 and about Wheel
ing may be responsible for the falling
of this year, as IL had the effect OF In
creasing prices. Taken as whole the
year of '92 may be said to be above the
average.
Below will be found q number Of in
terviews with real estate agents In this
city:
GEO. ]. MATHISoE.
1.-THE year so far does not compare
with 81, In point Of transfers OF real
estate. Last year was an exceptional
one, and the business done was enor-
nous. Ny sales Of real estate in the
month OF January alone amounted TO
$4,000. 1t was the biggest month l
have had since l have been in the bust
hess. . This year shows a great falling
off, probably because property is held
at such q high figure, owing to the
boom OF last year. l think 1t has
reached its highest notch, and the real
estate market will assume a more
healthy aspect. Rents, of course, are
higher than ever before, and money ap-
70 ba finht ~
C. A. sCHAFEB.
"Sales of real estate this year will
not amount in the aggregate to those OF
last year. Property, however, is held
at the same prices, and II well located
there is always ready sale. The sum-
mer months, July and August, are al
ways dull, but l think they are livelier
this year than in '91. OF course last
year was al exceptional one in real es-
tate transactions, and the amount OF
business done this year should not be
compared with last. Iregard 92 so far
as very fair year, fully up to the aver
age. Rents are higher, and property
is held at higher figure, but there ap-
pears to be plenty of money, and sales
are fair. This is a presidential cam
paign year, and I have always found
that people at such times look forward
with little misrepresentation and are
inclined to keep their money in their
pockets. Labor troubles may have
some effect on the real estate market,
but not much in this vicinity"
C. A. HENRY.
THE year Of 81 was the best have
known In twelve years experience, and
it is perhaps unfair to compare the
transactions Of this year with last. l
think 50 has thus far been very good
year, and entirely satisfactory.
Rents are about the same or a
little higher than last year, and
there is no difficulty in securing ten
ants. l do not find any more trouble in
collecting rents than last year. Trans
fers of real estate have fallen off great
deal, but there are no buyers for specu-
lative purposes, sales being confined to
those desiring to build. The market
was stimulated last year, and property Is
still held at high prices. don't think,
however, that there is any danger Of
prices going higher. The figures at
MulCn UiOHCl W 10 AOA0 1lO AOcPOAolDAO
for the few sales"
RINEHART TATUM.
Mr.. Rinehart said: I'm 81, there
were great many big real estate trans
actions. Several corporations invested
heavily, and this naturally had the eff
feet of encouraging spectators. The
result was enormous aggregate sales for
the year. This year all the transfers
are bona fide, buyers erecting dwellings
or improving the property in other
ways. think the transactions for '92
ere on the whole great deal more
healthy than the preceding year. The
purchase Of property by spectators,
has given it in great many
Instances fictitious value, and
as the property is held
at high prices, buyers are a little
cautious about investing. Good dwell
ings or business houses are in demand,
however, and will bring good prices. l
have been trying for some time To get
hold Of some Market street property.
but am unable TO do so. Rents were
advanced in 81 for this year, yet houses
are in demand and no good property
goes begging. 1t is hard 20 md vacant
house in the city, and that is certainly
very encouraging sign"
L. A. ROLF,
successor to Rolf q Harvey-"My sales
for this year have been about ten times
as great as for the corresponding
months af 81, amounting in the agEre-
gate to several hundred thousands
Of dollars. The Park View plat
was bought and laid of in ninety
one lots on March 1st, and 10
this date I have disposed or seventy
lots, leaving but twenty-one TO sell.
Another successful venture was the
plats In McMechen, where we sold $50
lots since September 1st of last year.
City business has been equally good.
In fact, l have had remarkably sue
cesstul year, and certainly have no
cause for complaint. The outlook for
fall and spring is very bright. All real
estate is bringing good prices"