The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-01-07
There Have Been Numerous.
Deals for Small Amounts
ACTIVE YEAR is EXPECTED,
1t Is Predicted That Values VIII Havs
Increased at Least rs Per Cent
Within the Next Few
Months.

With the opening of the new year Bir-
mingham real estate has increased In
value but leading men who deal with
such matters say that within the next
two months property will have increas-
ed in value at least Is per cent.
There have been many small transac-
items but the only one of magnitude dur
ing the month of January has been the
sale of the business as well as the real
estate of the Miner & Kettig Co., to the
Crane company of Chicago. On the rec
ords this showed a transfer of $4,000
| Presumably this was for the real es-
tate
There have been scores of smaller trans
| actions ranging from $3.50 to $1,000 daily.
| In fact, 1t is estimated that the real es-
| tate transactions of this class have
amounted to not less than $4,000 day
since the beginning of the new year.
There seems to be tendency" said
Roscoe Mcconnell, of Mcconnell & Co.,
ITO speculate In business or down town
property. There have not been many
large transactions involving residence
property and neither have there been
many transactions in the central sections
! L seems to be the desire of buyers, how
ever, to get business property.
"This property had always paid large
profit on the investment and presume
that is the reason for 1t being so desir-
able. On the other hand owners knowing
the value of their holdings will not SELL
They prefer to make this profit them
selves. 1 look for an active year In
the real estate market"
Mr.. McDavId Talks.
you will notice." said Robert P. Nc
David, that the purchases during this
month have been as rule for small
amounts. This indicates to me that
either the working man is buying piece
of property on which to build home
or that he has bought small home al
ready. This accounts for the large num-
Der of small sales and think Is an indi-
cation that the people of Birmingham
as a rule intend to be property owners
in the future. This means q. solid, sub
stantial city and am happy to know 1t.
look for very active real estate year.
There seems to be a disposition" con-
tinued Mr.. McDavid, ito spread out in
the business section. You know In At
lanta and Memphis the business or trade
section spreads over a great deal Of terri
| tory. In Birmingham the territory Is al
most confined to that section lying be-
| tween First and Third avenues and be-
| tween Nineteenth and Twenty-frst
| streets The business men have got to
spread out to get room as some of Them
are too much cramped to comfortably
| handle their business
Looks for Increase.
81 look for a rapid increase of values"
said A. L. Fulenwider of the Bir-
mingham Realty company. "At present
| property is being bought and sold In
Mobile on a basis of per cent. The same
condition prevails In numerous other
cities. Birmingham real estate has al
ways paid ten or twelve and sometimes
as much as twenty-five per cent. Every
body is holding back Just now but I
| look for an increase Of at least 5 per
cent in values within the next few
| months
Birmingham real estate, no matter
where it is located, is increasing in value
and any purchase at reasonable prices
will prove a good investment. l look for
Birmingham to be the leading city Of
the south and I further look for BIr-
mingham real estate to be worth more
than that of any city south of the Ohio
river. This condition Is bound to come
about. We have the natural resources
to make a great city and we are going
to have one
A Good Citizenship.
I'm looking around town 1 find a gen.
eral sentiment to buy well located prop
erty said David Malone, 'and I look
for steady increase of values. Right
now there is not much doing in. the resi-
dent sections except In a small way. 1
find hundreds of well known working
citizens who are anxious to own their
own homes. These men, who are really
the backbone and sinew of the commu-
nifty, are willing to buy property on
which TO huiId homes and those who are