The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-01
BRIGHT / OUTLOOK
FOR Oh !. RE:A EST f
The Past Year Has Been an Unusually
Good One.
S0ME. PROMINENT DEALERS TALK
They Are All Pleased With Their
OPERATIONS aud While they Agree
That There is no Boom. They
See Reasons for steady Rise.

See Reasons for Stea;iy Rise.
Inc past year has been an unusually
sood one in the real estate market. A
huhiDer OF prominent dealers, when seen,
| a5'eed thats their business for the past
Twelve months had been steadily in
cleaslng, and that they saw good reas-
ons ior further Improvement in 1901.
Mr. Edward S. Rose said:
taking ali things into considera ton,
last years business shows marked i'm
proHement over that of previous years.
Nevertheless real estate in and around
the city is still congested. For years
past we have cited the advisability Of
sales-room. If we could pull some OF our
oid-Ilne brothers in out of the rut ira
Versed by their forefathers, and by con-
centrated and concerted action inaug-
urate a sales-room, you would soon find
real estate moving like stocks and bonds.
The ancient and crude way of standing
in the fields and on sidewalks crying
real estate should DE done away with.
By all means impress upon our city
fathers the pressing necessity of city
I improvements in that portion of the
city known as Lee District
Is We hope in the year to come to great
sly enlarge our sphere OF usefulness,
thereby swelling our business, and trust
that all others engaged will follow our
example and greatly profit thereby
JOHN. r. GODDIN & co.
The real estate market for 1900 was
very good The first part Of the year
the prices realized were not very salts
factory, yet there was a steady advance
with an increased demand for good-pay-
ing investments. Rents have advanced
and the applications for dwelling houses
cannot be supplied. Never in our long
experience have we seen such a demand
for houses to rent Even in the early
fall we rented out nearly every house
on our list, and could have rented many
more. We believe, all things considered,
that the prospects for business prosper
ity in the coming year are brighter than
for many past years
NIR. A. J. CHEWING.
Zeal estate owners have every reason
to be encouraged Ihere mas oeen an
increasing demand for good improved
real estate for the past two years, but
only recently has there been any de-
mand for vacant lots. There are not
enough houses in the city to supply the
demand: therefore. we hear OF many VINO
contemplate building. Thls~is wise
step and those who take the lnlative'
are sure to secure good tenants or SUD
stantial profits should they wish to sell.
creasing. demand for real estate seems
TO be substantial and permanent tne
booming tendency being consplcuousiy
We predict that the dswning of the
Twentieth century will be marked by
an era of great prosperity in real estaee'
J. B. ELAN & CO.
The prosperity in business generahS -
beeinning to be felt in real estate-al-
~; tn
vacant dwelling-houses and many stores
having been rented: many of them at ad-
vanced prices: the demand by tenants pc
ing now far IN excess of the supply IN
dwellings and that by purchasers tor We'll
located business and residence property,
better than at any time in recent years.
While there has been as yet no very
marked increase in the volume OF Safes
or In prices, these must follow in the near
future. as the logical result of the in
f7rences now apparent. The large ana
various a Improvements and new enter
prises, corporate and Individual, recently
inaue1lrated and now eNpendinS vast
amount of money here. employing at gooo
wages all our mechanics and WORKING pep
pie give just the stimulus so long need
ed, inuring greatly to the benefit or prop
erty owners, in Increased popuiatioli
creating the necessity for more homes,
and CONSEQUENT enhancement in values
SIN no year. within my memory. was
there more real substantial progress made
by our city than in that just past. and at
no time has the prospect OF Its CROWN
Importance and prosperity seemed bright
er than at present.
DECIDED IMPROVEMENT.
Mr.. N. w. Bowe said:
1.-The real estate market, while stu
somewhat unsteady in tone, is much
Toe a q
have as a rule, effected more sales our
ing this wear than in any year since 1919.
The rental market has shown 4 most
decided improvement the demand lof
residences at slightly better rents pelns
quite up to the supply with every lnolc;i-
ton of an increasing demand during next
wear at higher figures than those prevail
ing at present, which are, to a large eN-
tent, unsatisfactory from an investment
standpoint.
IT think a large number OF dwellings,
will be erected next spring to meet the
requirements Of the steadily increasing
population, the out-growth Of a general
forward movement in the mercantile and
manufacturing interests OF the CITY,
ssIn brief, business during the expiring
year has been good, while the immediate
future promises even better results.
A HEALTHY FEELING.
Mr.. A. c. Hartman said:
There is, now healthy feeling in the
real estate market, and the indications
all point to a more active market for
the new. year. Home seekers are making
daily inquiries for large and small dwell-
ings. Investors are cautiously looking
out for well located stores and dwellings.
In my opinion values will not increase
rapidly-her vail be nci boom-buyers VIII
be conservative and base their purchases
upon the earning capacity of the proper
ty. There are a number of choice I'M
improved lots for sale at Reasonable
prices and it will pay those having mon
ey to make iudicious selections and erect
dwellings either to rent or to sell.
MIR. e. A. CATLIN'S VIEW.
I confidently expect great Improve
ment in the real estate market during the
coming year.. Other lines OF business
have shown a marked activity during
the past two years, but as yet the real
5ty ma ;;et has not felt the effect of pros
.perity This may be accounted for by the
fact tat sales for money nave ruled
high Id there have been exceptionally
good opportunities for speculation in