Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-12-21
THE REAL ESTATE SITUATION
WHAT THE LEADING REAL ESTATE MEN OF BUTTE SAY OF THE
OUTLOOK,

great as ever, and rents ae no lower,
This shows that our population is cons
stantly growing and people will nave to
have places to live.
Real estate prices are constantly ada
vancing, but without any resemblance Of
a boom. On the contrary, the advance is
the steady, healthy increase in values.
The coming spring will offer opportunr-
ties for investment along the new car
line to Walkerville, which l think will
prove very desirable residence property.
There has been a marked advance in
prices of all residence property, especially
in the southern part of the city, where
there has been a phenomenal growth.
IN my Judgment, everything points to
an exceptionally good season next year"
There is no better place in the world
to buy real estate than in Butte said
A. A. Mcmillan, of the firm of Mcmillan
& Floyd. "The prospects for making
money out of real estate We're never as
good as they are right now. and for any
one wishing to invest in real estate there
IS no town that l know anything about
that compares with Butte. l look for a.
population of 100, 600 in the next five
years, and as prices are continually adj
100000 "tiA - - Nv l ICo''ll ~
have confidence in the continued pros
perity of the city, 1 know of no city that
offers as fattering inducements to the
real estate investor"
'Conditions in the real estate market
are better at this time than they were
a year ago." said S. V. Kemper, and
l think the prospect for next season is
brighter than it has ever been since +
have been in the real estate business
over fifteen years.
Never in the history Of the city have
men started in in the winter to make arr
engagements for putting up buildings in
the spring as they are doing now, which
l take to mean that there is going to be
a strong movement, stronger than there
ever has been, in building and in real
estate transactions, with the opening Of
spring. Prices are fully 20 per cent
higher than they We're a Year ago, and 1
look for a continuous ana steady adj
vance. l don't look for a boom, but I
expect to see a lively squirt on the West
Side, and l. think there will be much &C.
tivity all along the line IN real estate
dealings
Il look for considerable activity in the
valley, as l know of a number of people
who intend building residences on the
fiat for the purpose of having gardens,
which they can do if they will use
enough water, and when his thing is
successfully started l think you will see
a great many people follow suit. and
that we shall have a very pretty suburb
on the fats
THE real estate ]situation is certainly
good" said ~eX-Governor j. f. Richards.
Property is in greater demand and is
held SITTER than ever before and there
has been a larger percentage of large
sales made very recently tina at any
other period. All this indicates conf
dence on the part of moneyed men which
affords encouragement for the future.
w have now a large number of in
quirieS for Naluable inside property
which the party desires to secure in the
spring which fact of itself indicates a
good movement when spring opens. One
thing is especially noticeable in connec-
ton with the real estate business in
Butte. That is the positive lack of any
desire on the part of the people of Suite
to boom the city. That is q good indica-
ton as it means substantial growth and
no danger of property ever being pushed
up to fictitious prices. l do not believe
there is another place like Butte that
would not be Doomed. That means thai it
is necessary in other places but is not
here.
1.-The past year has been a good one for
real estate but next year feel conf
dent will be the best the city has ever
known"
'The real estate business has never
been as good in Butte as it
has hnan 1nrtnO tho naCt Naoep
said w. w. Mcdowell of the
firm of Reynolds & Mcdowell. During
the year there have been more large and
expensive buildings erected than during
any previous year. There are many more
in prospect for next year, and l regard
the outlook for the coming season as be-
ing brighter than it has ever been before.
IF you put up a new building you can
rent it as soon as the foundation is laid,
and, Notwithstanding the large number
of houses that have been built, rents
have not fallen. This means, if it means
anything, that the city is steadily grow
ing and that means stability in the real
ty market. l believe there is a better
percentage in real estate than anything
a man can invest in. 1t is very common
for real estate investments to net Is per
cent.
1.-The city has now passed the mining
stage, there is no longer any question as
to it's ~permanency and it has within the
last few years become the distributing
point for a large part of the middle vest
ern section. There is no doubt we are
going to ave a big city n certain we
shall see a lively real estate market in
the very near future"
"There is no great rush in the realty
business just at this time said Nj. v.
Conroy of the firm of Conroy & Morley.
Il think there is no doubt there would be
a much tronger movement We're it not
that many who wish to invest are hold
ing off to see what the Legislature will do.
If there is no radical legislation enacted,
legislation tina will be detrimental to the
great mining interests, I think there is