The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-10
RIAL ESTATE MARKET LIVELY.
,,RGE NUMBER OF TRANSFERS
BEING RECORDED.

MI Estate Men Report Last Months
p,siness Very Satisfactory and the
o,,tIool1 for the Season Pleasing
o,c-ImprOved Property Is in De-
and Owing to the High Prices OF
priIding Materials and the Labor
rroubIes-The SOuthside Still Con-
.,.s the FavOrite With Home
..el.ers, But There Is Considerable
,..erest MISUNDERSTANDING Prop
in Fair Demand Also.
The real estate men are in fair way
o., enjoy another year of prosperity. Last
ar hey generally admit, was one of
,so hest in the history of the business.
rbsre was a good demand for real estate
N through the year and many sales
..rs made. especially to intending build
the result of which is seen in the
a,snv handsome homes that have been
.sote5 especially in the southern sec
ton
GOOD index of the status of the real
state market is to be found in the trans
fars made at the city treasurer's office.
During the last few months the number
of transfers has been unusually large.
From Jan. to April 10, last year, a total
If 1i9 transfers was recorded. For the
same period this year there has been 213
transfers made. Including the previous
December with each period, the COMPARE
son is POI to 3l5. The real boom only be-
eun in April, last year, however. and the
real estate men are hoping for a repeti-
ton of that experience this month.
Prospective building operations have
been somewhat interfered with by the
high prices of building materials, and the
troubles between the contractors and tie
Workingmen. The result of this has been
10 cause a demand for improved proper
". As a result, better prices are being
obtained for improved properties in the
older section of the, city than for several
Years The demand is almost entirely
from people of modecate means, and
large properties are not in demand.
There is a good demand for building lots,
however, partially speculative, but chiefly
from intending builders. Southside lots
are in chief demand, but the prices there
are beginning TO reach fancy figures. and
people of moderate means are finding It
necessary to look elsewhere. Unimproved
sections further down town are being
bought up, and there has been a fair sale
Of lots in Colinsville. AS an instance of
this demand for lots at reasonable figures
a real estate man informed a Morning
News reporter yesterday that forty-four
out of the ninety-six lots in the old
Gammell tract, bordering on East Broad,
and occupying half the block between
East Broad and Price from Gwinnett to
Anderson streets, have been sold in the
last thirty days. The condition attached
to each sale is that the purchaser must
build within a year. This section of the
city has been greatly improved recently
by the number of neat buildings erected
by the members of the Waring family.
The Oglethorpe Real Estate Company Is
continuing to improve its property on
Eighth street east of the Savannah, Flor
ida and Western Railway. Work Is to be-
gin next week upon twenty-five neat cot
tages the eighteen previously built hav-
ing already been sold. The company ex-
poets to build fifty or. sixty cottages this
summer
Real estate agents report that there Is
a considerable demand for suburban
property just without the city limits,
where the holders get most of the ad-
vantages of city residence without being
subjected to taxes and other requirements.
There is to be a sale OF lots at the Mead
ows next Monday which will probably
show the strength of this demand.
There is also fair demand for country
property much better in fact than for
some time past, and several transfers of
this class of property have been made.
One real estate man showed a Morning
News reporter yesterday a letter from a
Northern manufacturer in which he states
MS desire to purchase a 600-acre farm in
this vicinity. What the manufacturer
wants with the farm the real estate man
has no idea, but he will endeavor to place
him.