The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-14
The Local Transactions
Show Big Increase.
An Unprecedented Activity in the
Erection of Dwelling Houses.
Nearly Five Hundred Permits TO Build
Issued Since January 1st

Real estate sales last week showed
marked betterment for the brokers, and
the property, outside of foreclosures and
the big Grosvenor block deal, brought
nearly double what the sales
for the corresponding week of
last year brought. II figures are
any index of results, the market has
moro than held its own for several weeks
past and this has given confidence in the
future.
All classes of real estate dealers look
forward to still better operations.
Private sales have amounted
to q much larger aggregate than for the
four preceding weeks. This result is
arrived at without taking into considera-
tion the sale of the valuable property
bounded by Weybosset and Dyer streets,
DunneIi's gsngwsy and Postofiice court.
All the other private sales
were for comparatively small amounts
and buying has been quite diversified
rs investors rather than operators have
been the purchasers. The auctioneers
have also done fairly good business, de-
spite the fact that there have been sew
eral Withdrawals and a large amount OF
property has been bid in for the owners.
The tables last week show only slight
differences between the aggregate OF the
recorded mortgages of the past week and
those of the corresponding week OF last
year, with the exception that more money
has been loaned on bonds and mortgages
at rate around per cent, and loss at
the higher rates. The aggregate to in.
corporated institutions last week was
somewhat less than In 1894, but the "plat"
agents have had a great boom.
Projected buildings have now be-
come matter of great interest
to all concerned in real estate,
and the mum Der OF inquiries of and build
ing permits issued by Inspector Hopkins,
are signally important. In March last, l41
permits were issued, an unprecedented
redprd for March, and somewhat in excess
of April, 1894. Last month 18s permits
were issued, far exceeding greatest expec-
tations, and last week 80 permits were
granted, making 60 so far this month and
nearly 500 since the first OF January.
This is far ahead OF last year. The
principal intentions to build are for
dwellings, of course, and a fine class of
dwellings at that. All the parks, Lovely
Lincoln, Cleveland, Washington, Auburn,
Eagle, Jackson and many others-beauti-
full plats nesting in the center of
attractive breathing places-are showing
signs OF unusual activity and hundreds
of costly dwellings are in process of con-
- L. L. hx,
unusual efforts on the part of the brokers,
who know how to advertise profitably, but
also by concessions by the city railroad
and electric wire companies. it is said,
and truthfully SO, that Providence offers
more inducements to the laboring man to
build a home for himself and family, and
avoid the rent ogre than any other city
in New England.
A short time ago ii was remarked that,
contrary to the experience of other
metropolitan cities, the land around
Roger Williams Park is worth today
no more than before the city expended
great sums to make the locality
attractive. The NEWS has taken es-
pecial pains to verify this statement.
made by prominent down town banker,
but without avail. II transpires that sew
eral plats have been laid out in the imme-
diate vicinity and lots are being gobbled
up quickly with the result that several
new houses are now under way.
1t is said that the price per foot of land
around tho park is double what it was
two years ago. In a few years, it is
thought by prominent real estate dealers,
Providence will have to extend its
already .fsr-reaching real estate arms and
embrace several more of the outlying dis
tricts.