The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-04-15

/ real estate activity than that of last
/ spring.
The traders in real estate are rub
bing their hands compIacently and
viewing their list OF sales made this
spring with a great deal of satisfac-
ton. Real estate will move more
actively this spring even than it did
last year. It is going to be a good
prominent real estate dealers this
morning. This same expression was
voiced generally by all of the mem
bers of the profession.
Activity in sales and trading ap-
parently appears to be confined large
" to residence property. The man
who is seeking to purchase is the
man with a savings account who has
been living in rental property and
wants to own his own home. Very
few purchases are being made by
spectators who buy to sell on mar
gin of profit. Farmers who move to
the city for its educational advantages
and jewellers in the smaller towns
who desire a change to a town where
more opportunities are afforded are
figuring largely in the list of purchas-
erS. A great many people are coming
in from the small towns out in the
wheat belt. They have grown to an
extent, financially Independent and the
capital city attracts them. In addi-
ton a great many are moving in from
Z
as Utah. The railroads bring their
employees here and this accounts for
a certain change in the shifting of
population and exchange in real es-
tate.
Upper Kansas avenue south of Tenth
avenue, the southwestern portion of the
city and the stretch between Oakland
/ and Topeka are the particular centers
OF real estate movement. Here the
greatest increase in values has taken
Mace and here all f-fr he
est demand.
Property in these localities especially
upper Kansas avenue and in Oakland
has advanced in many instances to Just
| twice its selling power of last spring.
The demand for property in the Douth-
lit tract has slumped somewhat owing
largely to the fact that it is built IN,
and the demand has changed further
westward in the neighborhood Of Cen
trail park.
There has been probably no one year
within the past several years, however,
when the sale of property has been
distributed so evenly over the city as
1t has been this spring. No locality is
overlooked and the process of solidffy-
ing is actively at work. The fever of
suburban location seems to have died
out and investors are pinning their
money to property more centrally Ioca-
ted. The better class of1ots centrally loca-
/ ted have been picked up and houses are
] being erected upon them. The cheap
property has been taken up and the
wedding out process has left but very
few snaps.
when property is dirt cheap it is
| hard to sell but when it brings better
prices it moves more actively. It sounds
paradoxica1 but true" said another real
estate man of a philosophical turn of
mind.
Real estate on Kansas avenue is not
/ changing hands with any degree of ac-
tivity and that street is only affected
/ in the district south of Tenth avenue,
where lots have jumped from $500 and
| $3.50 to $500 and $708.
The Santa Fe shop employees are in
vesting heavily in Oakland and the
/ district between Oakland and the city.
/ Tracts of land have been divided up
| into lots on account of the demand
and lots are now selling for 500