The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-01-14

An afternoon visit was made yes ter
day, by TIMES reporter, to the differ
ent real estate N en- Of the city, with q
Wow to finding out the exact condi.
ton of that important branch OF bust
ness of the city, and also to ascertain
what tho relative conditions were of
January l, 1892, and January /, 1893,
and tho prospects for the coming year.
Below will bo found tho opinions OF
some OF the prominent business mon,
and as will be seen they all stand upon
basis Of future prosperity.
G. b. Sybert: "There is a movement
in real estate at present and as much az
can be expected with the present strn.
geEcy in tho financial market Inside
real estate, that is residential and bust
ness property, Is holding it's own. There
is demand right along, no boom, but
from steady conservative business
basis with worry promising outlook for
the future. II there have been losses
they have boon in Investments in out
side real estate" Mr.. Sybert also stated
that he had advance offers on inside
real estate on Salem avenue business
property.
E. j. Bond: "Tho real estate prices in
the city of Roanoke have held their own
better than in any of the towns of
Southwestern Virginia. Quite u num-
Der OF residential sales have been made
hero at good prices. Outside property
is dull only on account of the wonderful
amount on the market and the marvel
Gus cXtont OF territory in the vicinity OF
Roanoke" Mr.. Bond represents The
New York Building and Improvement
Company and The Roanoke and New
York Building and Investment Com
pany, which, he says, have built about
fifty houses during the past year, and
have sold quito a number of them at
perfectly satisfactory prices. He ex-
poets to do much better business this
ycar, built on the hypothesis of the past
demand and tho creased population.
Also, as general agent Of the Central
City Building and Loan Association OF
Syracuse, he states that thaG company,
which has invested 100000 in Roanoke
real estate, have no foar but there will
be good realization. The president
and two directors of thecompany visited
Roanoke some two months since, and
were perfectly satisfied with the invest
ment, and would, if necessary. invest
from two to three hundred thousand
dollars moro in Roanoke real estate.
OoPuolH plHult, vi oplHulC craig,
said that he has noticed an increased
demand for property since the opening
Of the year, and thinks tho prospects
arc Good for real estate business for tho
future Since tho necessary fall Of
property, the effect of tho BOOM" ho
says, real estate mas held it's own in
the business portion of the city, and
the outlook for the coming ear is very
promising. IL is impossiblo for anyone
to find cheap piece of property in the
business portion Of The city. I have
been approached BIZ several partiss," he
continued. with view To securing
piece OF snap real estate in the bust
ness part Of the town, but in each case
they were disappointed. Tho principal
suffering in the real estate business of
Roanoke during tho past year has been
i'll tho outside property which is
natural, on account of its almost un.
limited extent" In conclusion, he says
the firm OF Spindle &, Craig look for
very good year.
w. M. wager & Co. said that thoy
expected to do consid erably moro bust
ness this year tnan they did last, and
attributed the fact to their contracts
already made to erect three handsome
business houses in tho center of the
city, two to be built on Campbell ave.
nue and ono on Salem avenue They
stated that tho general prospects for
building and activity in real estate was
exceedingly good. Mr.. wager said:
eve look forward to a good business,
but, OF course, we do not expect boom
nor do wish one like that of 1890, and
in our opinion all parties having money
to invest now is the opportune tine"
Whitehurst & Smith were next Wis.
tied in the Terry building by the re-
porter, and were found in an excellent
frame of mind over the business out.
look for tho coming year.
They stated that the prospects were
much brighter than had been antici-
patod; that their correspondence had
improved materially both in amount and
import. People wore not writing now
tor the sake of it, but from the tenor of
the letters and visits the investors
showed that they were out for business
and business alone. Although their
largest interests were in minerals, still
they noticed the increased interest in
real estate business which savored more
of legitimate investment than it did in
the past year They stated that they
were in correspondence with Montreal
gentleman, who represented Sic. 00O,-
900 English syndicate, and from the ro-
plies received to their letters, in which
full details of the plant had been given,
they would undoubtedly invest. Yes
terday they concluded business deal
which. though it could not be given ont
at present. would interest a large mum.
her OF capitalists in the immediate vic
unity. They also said as reason for
promising business future for Roanoke
that the demand for oity property does
not seem to be so much for business in.
vestment as it does for homes, which
is reliable sign of the settled condition
OF our city