The Minneapolis journal., 1902-08-06

The real estate market in Minneapolis
Is not by any means in moribund con-
dition. The leading agencis report as
good business as they have at this time
of the year for many season. Were the
plans which are under way for several
promised transfers Of property near the
city center made public, the impression
would at once prevail that boom was
on. Summer is generally the time for
vacation in the real estate business. This
year it will be noticed that more men are
at their desks. This is because the ma
jority of them are nursing deals which
require a vast amount Of patience, to
say nothing of strategy. One Of the most
important of these Is simmering now. The
tone of the market is undoubtedly gooo
and when Sept. l, the time for awakening,
comes. it will be found that Minneapolis
has been devoting the hot weather period
to rolling up it's sleeves. Many long-de-
Serred plans will come to focus about
that time.
The real estate board has been a strong
factor In keeping up Interest this sum
xner. The novelty of the biweekly tallyho
rides had not worn off before the agents
became SO interested that three vehicles
Instead of one were required to ocaorry
the applicants. The last drive was
decided success. The agents admit they
have not really known the town, A no
t5ceable effect is the esprit du corps and
the Increased feeling of amity which has
resulted. One great lack in previous re-
cent years has been that OF this BOND;
Undoubtedly less knocking and more good
feeling will be the direct outcome OF
these occasions.
Visit of Kansas City Dealers.
The board will lentertain delegates from
the Kansas City exchange next week.
Ill q
meeting Of the Minneapolis board will De
held Monday. The Kansas City men will
be Give ma birdseye view Of the city from
the Guaranty buildings roof, %here the
meeting will be held. This novel method
OF showing Minneapolis at glance IS
something entirely new
An odd incident last week illustrates
the little knowledge of leal estate values
which the average buyer has. A leading
firm advertised three lots IN desirable
part OF the oity for $3.50. 1t happens
that these lots are away below grade.
Several inquiries followed. In every in
stance the inquirer staggered by LOOK
at the property, asked If the price WASN'T t
too high That the locality was good was
admitted, but the cost Of filling would
be great and consequently cut should
be made in the advertised price. Each
applicant was perfectly willing to pur-
chase if better price were made, He
had the money and knew all about prices.
It happened that another local agent
saw the advertisement, walked over as
fast as his legs would carry, jlanked
down the money and demanded the deeds.
No amount of argument would dissuade
him. 1t was pointed out that the property
lay below grade, all it's disadvantages
were magnifled. The agent was obdurate
When it was found that he could not be
moved he was told that the advertisement
was wrong, that the three lots were Of
Sered not ''for' but "at" 81, $50 each, or
e4,050 for the three. The types had erred
Not one Of the several applicants for the
property but thought he was to be robbed
at one-third the price,.
Building Active.
Building Is active. The extraordinar,
permit record for July showed that. 4
! glance about the city reveals extensive
const ruction work under way. This Il
true especially in the North Star Sho
company neighborhood, where Major Hef
1eIfnger has in process four buildings.
Architects have a good deal Of work o.
hand, much of which has not yet bee
D,hIished.