Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-09-23
REALTY AND BUILDING.


All real estate men agree that the
activity IN realty this year Will Tar SUR
pass anything known here Tor six years
or 30.
said J. W skinner. who was In early
ON the lcnis In Third south street prop
crtyl The situation this season u very
dincrcnt from what Il has bcun hereto.
fore. Last year, and the years prcccd-
INK, n a man owned property IN ~
the business streets Il was practically
impossible Tor him 10 Hcil Il except at
sacrifice from what was conceded 20 be-
the real value o. the property In a most
conservative estimate. The reason FOR
~ We'll. IN a word. there has been no
demand. You cannot force anything
upon an unwilling market This sum
mer many things combined 20 bring
about change. The spirit q invest
NEST was revived, money became more
plustlful. and certain movements en-
tsururcd an this. The selection Of n
site Tor q government building had
potent eject and the plan Tor building
n Union depot on Third South and
Third West stimulated Il. Then cunsid-
cradle eastern money came hcru for In
vcHtmcnt. there was a revival 81 build
Ing and everything combined TO make
the outlook encouraging. From my OBJ
aorNation, I think that the transfers and
consideration Will b. nearly II not quite
double that ~ last year. Recently
NNNfNNNH NNNNH IVY NMNNNIN nave M "a
large number Of cases, reached the cuu-
clusion that our little squirt was a boom.
and have put up prices accordingly
That VIII not DO. because there h
nothing TO warrant such advances.
Property can be sold nov at itH fair
valuation. whereas year ago. the most
that could be done was 10 mortgage u
at hair ~ value. The market ~ good
IN the sense that there IL q ready sale
Tor real estate 81 what u ought 10
bring but 10 jump up prices viii Sim
ply put an end TO the trading"
W. 4. Hubbard. one Of the oldest and
BEST Informed real estate men. said.
We have not had such henlthful con-
dltlon 81 the market In years. The sit
untiun Indicates a steady growth. with
demand for property and ready
money 10 buy n. but values cannot be
inflated That would quickly bring
things 10 a HtandHtlll Everything In
dlcatos u continuance OF these favorable
conditions I consider this an excellent
time TO buy FOR Investment but at thu
same time 10 VIII be a great mistake
should people be misled and put up
prices. The demand Will simply not
sustain H.
Looking over the iicld. one can hard
~ fan 10 be convinced that Salt Lake
city has entered upon a new growth.
Its importance as commercial. cdu-
cntlonul ana residence city ia constantly
growing, but 70 N all natural and
gradual growth. As 20 the Year, trans
actions. I believe now that they will be-
double those Of last year.
said Judge Culhurus Lot me con-
slider another phase Of the matter.
which n Just aH important aA the trans
Ter NJ property the sale Of lot In itself
VIII not be % amy particular benefit
unless the purchaser does something
with his property, For the city to grow
there must be- building, and IN this re-
spect the present season has been u
notable one. People was swung around
In little circle close 10 the business
center should ride over the city. II they
would see what has been and IL being
done IN this line. Cottages, mansions
and shops are going up everywhere and
the radius Of the city proper Il being
extended In an directions North, East.
south and West II IL not necessary to
Hpeoify-the new structures arc them
this"
building Inspector Folsom reports "A
very good week, more than 10000 worth
of improvements being contemplated In
the Issuance Of the following permits:
Isaac Langton. SIS north sixth West,
brick cottage 500: stephen Hays. First
West between First and Second South,
two two double brick dwelllngu. q. 300.
Chnrlesh Cottrcll, corner First West
colt street. ward meeting house. $500.
g. Nelson, g53 west Second South. two
brick cottages. 5000 a. NJ. Anderson.
Eighth South between Third and
Fourth East. brick cottage, uiOO;
Moses A. Cardweil. between Tenth and
Eleventh South ana Ninth and Tenth
East frame dwelling. 5000 George
Grips Eighth West between Third and
Fourth North, brick cottage. $500. The
Consolidated Implement company, ne
10 las state street, four story brick and
basement size Of building 5gxl6tis
10000; Miscellaneous repairs. alterl-
week Of i52.l7j.
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