The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-02
BRISK MONTH IN
REALTY MARKET
August Sees Better Bust
ness Than for Many Pre-
ceding Years.
DEMAND FOR SMALL HOMES
IT is BECOMING GREATER THAN
DEALERS CAN SUPPLY.

The condition of the local realty mar
ket continues TO satisfy the dealers in
homes and sites for homes The de-
mand during August was almost exclu-
sively for small homes and suburban
properties. The greatest demand has
been for four and five-rooIn cottages
Outside realty has been most eagerly
sought by the purchasers The month
was the best August that the market
mas experienced in many years. accord
ing TO all dealers
The outlook for September and Octo-
Ger is unusually bright The tendency
OF prices is higher. The advance has
been noticeable In suburbans This Is
accounted for by the steady and per-
manent growth of the city and the in
creasing development of the surround
ing area
A greater number of new residences
have been built or contracted for dur
ing August than during any CORE
spending month for years. and accord
ing to one large dealer than during the
last six months preceding. There are a
great many inquiries for residence prop
critics. From the manner in which new
people are going 20 the dealers for
homes an unusually bright prospect
is I'm the minds of these men.
Small Homes in Demand.
Judging by the number of inquiries
for small homes and the scarcity of
houses for rent. 1T is becoming a prob
lem for the realty men to house all
applicants. II Is virtually impossible
for the rental agents 10 find houses for
intending renters. The majority of the
agents have but few houses on their
lists. and these are either remote or
are too large for small families. The
greatest demand. like the demand for
puTchaseable houses. Is for four and
five-room modern cottages. No prefer
ence seems TO be shown with regard TO
loca ton.
There is an opportunity at this
time" said one realty dealer whose
finger is never far from the pulse of
the market and market conditions. for
men OF means to invest profitably in
building flats and terraces of three.
four and five-room suites for families.
The new family population of Salt Lake
Is growing remarkably and steadily.
There are a greater number of new
families coming in than one has any
idea Of They are coming here to stay.
To hold these people il will be neCes-
sary 90 house them. This is a condition
which must be appreciated soon if Salt
Lake expects TO continue her remark
able and desirable growth
Demand for Labor
The demand for laboring men is be-
ginning 10 tell on labor conditions in
the city. Many contra ctors are in need
Of labor. The extensive Improvement
work being done in the streets. the lay
ing OF sewer lines, the extension Of
gas mains and other work of similar
character is employing the rougher
class of labor TO such an extent that
no idle men wishing work can be found.
The opening of the Garfield Srnelters
is also giving employment to large
numbers OF men.
During the last two weeks permits
have been granted by the city build
ing inspector for the erection of build
ings valued at 1888, 000 The most inn
Dortant of these is for the erection Of
an addition to the Bell Telephone COM
Dany building. on State street. back of
the Salt Lake theater. TO cost $115,OOO
p. s. O'Mara will erect an auditorium
10 cost $4,000 i'm Richards street. The
board of education will erect a school
building on First North between Sec
ond and Third West streets at a cost
Of $4,000.
New Homes to Be Built.
Among the residences which will
be built i'm the near future and for
which permits have been granted is one
at First and r streets, to cost s. 600
DR.. F. Zimmerman is the owner Claud
Freed will build a home at 95l East
First South street. to cost $4,000. A. s
Whitney will erect a residence to cost
$4,000. A business block will be built
by p. Mulrooney. on State street be-
tween Second and Third South street
This will cost $4,000 A large number
h. OF small homes. ranging in cost from
81 900 to $4,000 will also be built as
soon as material can be supplied.