The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-04-28
NOT ENOUGH LOTS
Real Estate Hen Have Trouble
Finding Sellers.
Ready Market for All Kinds Of
Desirable Land.
MOVING TOWARD WEST
Property in Southwest Suburbs
Advanced 90 Per Cent.
Farms and Small Tracts Are in
Active Demand.
MOVING TOWARD WEST

Active Demand.
Vacant building lots within striking
distance of the center of the city are
almost impossible to find is the lament
which the real estate dealers make.
Those that were on the market a year
ago have been almost wiped off the
saiabIe list, either because they have
already been built up or because they
are held at a figure which no longer
appeals to the investor, With but a
variation in the adjectives which were
used in describing conditions the same
statements were voiced by everyone of
the real estate dealers who were seen
in the rounds made during an after
noon
Vacant lots for building purposes
within a distance of from four to six
blocks Of Kansas avenue are selling.
on the west side. at from $1,000
number up to $1,000 and $1,000. Two
lots at Eighth avenue and Taylor
street sold just the other day for 81
400, $1,000 a piece in cash. The lots
are not specially attractively located
but they were the only ones vacant
for blocks around
The demand for property comes in
something like this-frst, vacant lots
business properties, and then finally
residential properties. without any
seeming disagreement the real estate
men are ali of one mind and that is
that property is active-the market is
alive and that 1t viii continue to be-
come more SO as the summer adj
vances-
I'VE are all doing pretty well and
there are lot Of US. I guess that
means that there is something doing.
said one of the fraternity with a smile
and he phrased it well. There are
new real estate firms bobbing up
above the horizon continually and
none of them are wearing discon-
tented expression.
Apparently investors are looking to-
wards Kansas avenue property when it
comes to tying up money in business
properties. But the trouble is that those
who own Kansas avenue property are
unwilling to part with it.
Kansas avenue property is being
held at a stiff figure - said a. member of
the Capital Real Estate company.
There is a big demand for property on
the avenue LetWeen Seventh and Ninth
streets but it seems that no one wants
to sell. They are getting good interest
on their investment and they are salts
fed We sold a lot on the east side of Kan
sas avenue between Seventh and Eighth
the other day for $4,000 and am conf
dent that inside of a year that It can be
sold for 5000 We have any number
Of requests for Kansas avenue property
Aside from that, property out to-
wards College hill has advanced and is
in greater demand than any other In
that district 1t has advanced about so
per cent over a year ago All the inside
property for that matter is command
ing a good market. There are but few
vacant building lots to be bought at
reasonable figure. Altogether things
look better today than they did a year
ago"
There has been lot Of building
done" said E. e. ROudebuSh. but it
does not seem to have affected rental
any We are having a good demand for
houses to rent and haven't got enough
Of them. Pee pie must be coming in,
though I don't think there have been
many Of late. There is good demand
for property west of Kansas avenue and
Il is aso growing towards Potwin. A
number Of properties have sold there
Most Of the buying seems to be done by
home people. though now and then we
sell to an outsider"
What hurts eastern Kansas is this
colonist rate business" said F. r.
Baker. manager for Benedict & Co.
1.-THE rates are sold so that you can't
stop of east of EmpOria, and all Of
these people from the east who come
out here to invest don't have q chance
to look around in the eastern part
and invest. They go straight through
and after looking around In the west
portunity to drop off in the eastern
part only to find out that they can't.
We get the retired farmers from the
west and they are good, but they are
not UP to the employees of the shops,
the railroads and the mills, for these
people let loose Of their money. Much
as they have been building houses,
there is q scarcity Of houses 70 rent.
We haven't got anything but large
houses and very few of those. The
people must be coming in from some
where, but I can't see where, for
those who do put in their appearance
and inquire are those who seem to be
living here and pretty well acquainted
with the city. Real estate business is
good. Vacant lots are scarce and
there is q steady demand for them.
Most Of the people want to go west
of Kansas avenue. look for some
very active conditions right after we
get good weather"
''There has been a considerable ad-
vance Of real estate due to two
things. the advanced cost of building
and land" said q member of the firm
of Moon, Charles & Moon. Property
Is most certainly increasing in value
Tt extends more to the west and the
southwest portions of the city. There
seems to be a more positive fncIna-
ton that way, and there is more
building being done in that part of
the city. Lots around Central park
are worth about $500 to $500, and