The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-09-01
REAL ESTATE
IN GOOD DEMAND
CHIEFLY AS SITES OF HOMES.
BUYERS PREFER BUILDING TO
SUIT THEIR OWN TASTES.

Demand Has Therefore Been for Va
can't Lots Rather Than for Houses.
Many Modern Homes Built-Net
Results of the Many Transactions
Made 1t Profitable Year for Deal
ers-Increased Call for sites for
Misunderstanding One of Most
Encouraging Features of the
Years Developments.
During the year the real estate mar
ket showed a steady demand for
certain classes of property. This was
chiefly for residences, and sites
for residences. The call for residences
was hard to meet, because of the
requirements of the buyers, as the
tastes and views of our people are
changing rapidly, and whether the
purchasing ability of the buyer be for
a $1,000 or for a $4,000 residence, ANY
old thing" won't do-only that which
Is strictly up to date, to the full extent
of what his dollars can pay for will
be taken.
This advance in taste resulted
largely in the increased sales of lots
and the building Of modern homes,
whether cottage or mansion. Eligibly
located lots sold readily, and at
fairly good prices. While this re-
suited in a building of more houses,
and better houses, and the increase of
taxable values, the real estate broker
did not make as much money as he
would have done had he sold houses
instead of lots.
Dealers Had Good Year.
Despite this popularity of the mar
kets by the multiplication of small
transactions, the years business among
the brokers compared in net results
with previous years.
More was done than in previous
years in selling of manufacturing
sites. None of these transactions were
very large, but they are impor-
tant in their bearing upon the general
result. The location of industries in
any particular locality means the for
nation Of a nucleus for other indus
tries, and for the settlements that al
ways cluster around such plants. Sa-
Nannah has made material progress
during the year in this particular, and
This may well be regarded, as one of
the most encouraging features of the
NJ III lAG year lCNANWs
building Kept WOrkmen Busy.
The year was a fairly good one for
building. Some large buildings were
projected and commenced but there
We're large number of smaller build
lngs erected, residences more or less
pretentious, that kept mechanics occu-
pea at living wages. Material men re-
celVed fair compensa ton for their
wares, and the city reaped the benefit
OF tasty even handsome, residences,
and the standard of residential archi-
tectur raised in the community.
The immediate future Of the market
seems to promise continued demand
Tor residence property and building
SITES. There seems to be no speculative
demand for outlying land for invest
ment purposes. The future is not look
"a upon with favor by the dealers.
from their view point the absence Of
ms kind of demand shows rather u
hfeless market.
Investments Neglected.
Frequent public sales of outlying
property developes new neighborhoods
and opens up chances for small inves-
TORS This class OF property has been
neglected, and investors have only been
taking improved real estate that prom
Used large returns.
In this connection should be noted
the popularity of the modern apart
nent house, whether consisting of but
Two or many apartments. With in
weston or tenant they seem TO have
outclassed the tenement idea. and rath-
er threaten the sacrifice OF the home
ldea. In this Southern climate, the
Ilay ground Cor the children and the
flower and kitchen garden are sacri-
need, and IN their stead. is a small
porch on each story.
Property for Rental.
All Of the renting agents report a
good business, and very large de-
mand for houses and stores. The rent
ing for the year commencing In OctO-
Der has absorbed nearly everything
that was desirable When there are
unrented houses investigation viii
show some explanation IN the way ~
unQefirablllty either ln price. location,