The Washington times., 1906-09-16
DEALERS LOOK
FOR BIG TRADE
IN EARLY FALL
Outlook for Business
Was Never Better, LO-
cal Realty Men Say.
VALUES NOT INFLATED
Prices Being Paid Justified
By City'S Growth In Size
and Importance.

Ina several different cities there has
been sounded d note of warning that
real estate values were becoming in
f.lted and that il might be wise 10 call
halt before any damage should re-
suit
These clarion calls are not unusual
ts they are heard with unfdiljng regu-
laTity from that class who are inclined
To look at the progress OF their own
city through glasses that are somewhat
Sionally seen on the horizon OF their
vision and become maguified into great
dangers through their own fears.
IL was sounded something Ike twenty
i've years ago, when property on +
street where the American Bank build
ing now stands. was said TO be- high At
$50 per foot and property on COnnccu-
cut avenue at the same time could be
had at 80 cents per foot.
IL has sounded perennially ever since
dnt sun prices continue 10 advance and
conservative men are inclined 10 con
slider values fully worth the prices
asked.
To ascertain what the feeling was
The Times man called upon several
prominent real estate dealers and 10
each and every one put the same
question:
What are the prospects for fan bust
HesSz Their replies furnish interesting
Percy H. Russell.
Percy H. Russell was pleased to say:
THAT times are good is evidenced by
the daily calls for homes. investments.
and business properties.
"One has little trouble i'm disposing Of
houses these days, il they are properly
handled IL is an acknowledged fact
mat there are greater number of
houses now under course of COnstruC-
-
any other given time, and yet, strange
10 say, the greater number Of these
houses viii doubtless be sold upon com
pleuou. ll NOT before. as has been the
case with the majority of houses con-
sJrucJtd during the past two or three
years This is very encouraging TO
builders and real estate dealers and is
one of the many indications OF good
times.
There are any number of persons
with ready cash seeking investments
That VIII pay good returns on the
amount invested. but the greatest diff
Guilty Is 10 supply the demand; 30 md
an investment that viii net the owner
"a Ialr rate OF interest on the sum in
vested. j am having calls daily for
anything good. There was q time when
The market was flooded with excellent
Investments, with no buyers, but now
the conditions are just the reverse, /
which demonstrates clearly there is
ample capital seeking investment which
is another evidence Of prosperous times I
There never was greater demand
for business properties than there Is
today and owners only have TO place a
proper figure on their business proper
ties 10 md a ready purchaser. The
number of old dwellings remodeled and
turned into business houses during the
past year exceeds that of any previous
year
The outlook for fan business there
fore is unusually good and / look for
a steady increase as regards hOmeseek-
ers, investors, and business men seek
ing business homes"
J. Louis Willige,
j. Louis NYiIIige, president or the WI
ligc Gibbs & Daniel real estate cor
ForaUon, expressed the opinion that |
conditions generally are favorable to |
large trading this fan A gOodIy num- /
ber Of new houses. suited in size and /
price 10 the needs and means of the /
average buyer, are In readiness for the /
fdll market. and these are located most
ly IN sections where there is a strong [
probability Of increased values and
where they VIII consequently sell rap
idly.
The continued rainy weather during |
July and August. which made IL al
most impossible TO show properties 20
clients during the summer months, viii /
furthermore have the effect OF extend
Ing this business into the fall season.
Fulton R. Gordon.
The outlook for the fan realty mar
ket was never better" said Fulton r.
Gordon. the suburban realty operator.
The great prosperity of the country is
naturally being reflected, as il should
ue, in the expansion and building or its
new and greater Capital City. The
Northwest suburban realty market
should be especially active this fall, as
the expansion of the city in this direc-
ton has been the greatest in its history
over any preceding year. and its con-
Iiuual increased growth viii increase
from year 20 year Just as sure and on
the same principle that a wheel running
down hill gains increased momentum a 3
every turn. A few years ago. when the
old horse cars were in use, the people
used 20 marvel at the growth toward the
Northwest, and say the city was over
built. One years growth now is equal 10 !
ten then, and stiu the city Is not over
built. Now. with the aid of the swift |
and cOmmOdiOus electric cars and the
Meeting automobile running on air |
cushion tires. coupled with the fact that |
the Government is spending millions of |
dollars In the extension Of streets. ave-
Hues. and bridges, which makes it pos
cars from any reasonable distance in the /
SUBURBS 10 the center of the city in the |
same time as Il required under the old /
Aorse car system from, say, Fourteenth |
ana - streets northwest
NOW, looking at these facts sQuarely |
70 say nothing Of the continual increased |
population caused by the WeIl-to-dO~and /
rich. who are fiOckng TO EVashington