The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-12-28
REAL ESTATE LIVELY
Little Speculation Being Done
Here, But There's Much
Buying of Homes.

THE real estate men generally ex-
press themselves as being perfect
Iy satisfied with the condition of
affairs as they exist at the end of the
old year. They have enjoyed a pros
porous twelvemonth, and the year about
TO be ushered in by Father Time holds
out many hattering possibilities for
them in their special line of business.
Salt Lake is enjoying an era of pros
perity, which has it's effect upon real
estate and building as much as any
thing else. The year just drawing to
close has indicated that. And the
indications are such as to encourage
the men who deal in realty and further
the interests of the city by the erection
of homes, business blocks and apart
ment houses.
The feature of the real estate bust
ness during the year has been the alb
sence of speculative purchases and the
general tendency of people to buy
homes for their own occupancy. Sta
bility has been the keynote of the ma
jority of the realty transactions. The
steady, but healthful, advancement
made by real estate during the year
has been in keeping with the general
prosperity of the city. There has been
a stiffeniHg of prices all over Salt
Lake. In some localities prices have
about doubled since year ago at this
time. There has been an agreeabl
absence of boom tendencies in ali
transactions. The Spectator has
Withdrawn from the market almost en-
tirely, and left the field in the hands
OF the legitimate purchaser.
Activity is General.
Another pleasing feature of the year
has been the general distribution of
the real estate market. Sections of
the city which have remained dormant
for several years have shown an activ-
ity which bespeaks well for the future
of Zion. There has been a disposition
on the part of men and women to invest
in property in the outlying districts.
Where there were houses for sale they
We're purchased. Where unimpfoVed
property was the only kind that could
be had it was acquired and the lots
beautified with homes.
That is especially true with the west
ern and eastern parts of the city. In
the former section of the city the homes
erected have not been palatiai: they
have been modest; within the means OF
the working man. All over that part
or Salt Lake homes have been erected
during the year. Blocks that were
vacant year ago are now dotted with
houses built by the working1nan. who
is sharing the general prosperity.
In the eastern part of the city which
includes that section north of East
Brigham street. the .chara cter Of houses
erected has been entirely different. The
investments made there have been on
a much larger scale. Houses. costing
from $4,000 10 $4,000 have been erected
on almost every block. They are the
homes Of men who have prospered and
who have put their savings into realty.
Growth South of the City.
Between Salt Lake and Murray there
has been most remarkable improve
ment during the year Houses Of
every description now grace blocks
which a year ago contained For Sale
signs. They are neat, cheerful COM
Portable homes; homes of the working
man and the merchant. To the north
the same condition exists
The McCune and Kearns residences
costing fortunes, have been completed
this year. The Holmes aparfment
house. and a number of smaller ones
but none the less beautiful from an
architectural point of view, are in
course of construction. They show an
increasing demand for homes in the
CITY, The remodeling and enlargement
of a big rooming house on Second
south street. anG the turn, ~ Of IL into
a hotel. indicates an increasin.r fa,,r-
ist travel, and a growing demand for
seml-famiiy hotel for people of mod
crate means- The erection Of faroa
warehouses and small factories iS .
mute testimonial to the business growth
Of the city. -