Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-15

The real estate transfers for the
current year, were given an immense
emphasis by the Newhouse purchases,
the last day in November. amounting
to $1,000 900, in round numbers; the
parcels including seVen-cighths of the
south half OF the block bounded by
Main and State, and Third and Fourth
South streets, also. the Walker corner
diagonally across Main street from the
Kimball residence, the northwest cor
ner of the same street intersection,
and the southwest corner Of State and
Fourth South streets. The deal has
overshadowed everything else In the
real estate line this year, and runs the
sum total up TO respectable figures, 1t
Is proving of great moment TO this
city, as the attention of the country
Is especially called in this direction.
and eastern capitalists are thus given
to understand that 1t Is as safe TO In
vest in salt Lake as in any other city
of the country. whether the Tribune
thinks so or not. This move OF Mr..
Newhouse's is but the forerunner OF
III
TO set in, for as he says, this city Is
the natural center of all the mining
country Of this intermountaln region,
and is bound TO develop. So real es-
tate men are In most excellent spirits,
and look for a remarkable year in
1907.
Following Is a schedule of about 100
realty transfers of $4,000 and over,
made during the current year, to date,
and aggregating over S2,4O0,OOO, q
strong straw as showing the steadily
increasing movement of Salt Lake
realty. Local dealers figure that for
every sale Involving $4,000 and over,
there arc 100 sales for lesser amounts,
and that the total of the years sales
Will run up to over 5000 900.
This Will make Of the current IL
months one of the most important
years since tho boom. AS an in
stance Of the way real estate was
raising then, il will do 10 state that
the sales for March. 1890, numbered
1897, and their aggregate amounted
10 S5,1S5,522, During the previous
year of 1882 the sales amounted to
$50, and the aggregate for the year
was $l5,11J,457. 1t may be some
years before this figure IS surpassed
or even equalled. The excitement then
was unhealthy: it was bubble. and
finally burst with the customary re-
suit, But the movement this year
has been healthy and steady, without
any of the unstable features that char
acterized it years ago. and there Is
nothing to indicate that the bubble
will again be sprung on this COM
munity.
The conditions OF the year have
hxf "a 11f " a. $50
buying to sell as soon as a rise oc-
CURED In the market, and buying
more for steady Investment Of CAPT
tai, and for homes, This last feature
is now becoming more prominent. The
last of this year has been characterize
ed by its predominepce, and the pros
pects are that IN the spring there will
be record breaking movement In the
way of home building II pays for 4
man to own his own home. as has
been made manifest this last fall by
the spectacle Of tenants being dis
possessed through the sale of the
houses they occupied, with the
chances of being compelled TO move
again at an early day, or as soon as
the houses moved into were sold.
Some landlords however. were con-
siderate enough to tell their tenants
that II they sold them out they would
rebate n months rental This will,
of course, stimulate people into rails
ing means with which to purchase
their own abiding places where they
will feel secure from the activity OF
real estate changes, and next spring
hundreds OF new moderate sized
homes will surely be started
The choice Of locations in realty
transfers, depends much on what the
sites are wanted for. There Is n moro