The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-10
REAL ESTATE AND
BUILDING news
The Past Week,Shows In
creased Business in the
Sales Of Property.
SPECTATORS ARE
HELPING QUIET
Nomeseelscrs Looking for Some.
where to Live, and More
Homes Arc Being Built.
Much Activity Is
Noticed in the
Suburbs.

The past week has been fairy actiVe
III the realm of real estate in Rich
mond and In the suburbs. II is true
that the spectators and the investors
are not altogeth r as active in the
matter OF inquiry as they have been.
but that is probably because they are
looping that the reports from Wall
street will in some way deprtGs the
market and give them chance to pick
up few bargains. In this they are
mistaken for the owners and holders
OF Richmond property pay very it'll.
IL any, attention to the reports that
come from Wall Street They know.
or think they know. something of the
value OF property In this progressive
city. and IL the investors don't want
TO pay the right figure they simply
hold on to their goods
Increased Sales.
The weeks transactions were mostly
in the way OF private sales, the de-
tails of which the agents will not
divulge for the present. but informa-
ton that has leaked out here and
there show that the private sales have
amounted to about $4,000.
One drm reports the sale OF $1s,oon
worth OF property. one OF the sales
being an $4,000 transaction. This was
probably the largest single deal made
during the week. 1t was made by
Messrs. Pollard & Bagby. and while the
members OF that firm Were retIcent
yesterday. because the deeds had not
been recorded. It was learned that the
Zeal was In business property.
The bulk OF the sales made during
the week was in the smaller residence
property For this class Of property
The demand both In the city and in the
suburbs. has been very active. SO mucii
so as TO cause the holders OF such
property to hold for stiff prices, not
wIthstanding the money stringeacy.
The auction sales announced for the
week were materially interfered with
by rain on two days. but such Of those
rs had clear weather were we'll at
tended. and the prices offered showed
that there is no weakening IN the faith
NJ Whose who believe that Richmond
real estate Is a good thing 10 invest
money in.
Demand for Small Homes.
The demand for small property is
sli rgent, and the real estate men
VIII, lave such In hand. either for sale
(. or for rent, find no trouble in making
deals readily. AS for rental property
the demand is far In excess of the
supply. and every agent In the city
has exhausted the lists of desirab bic
houses for rent. OF course. there are yet
some flats and few houses that can
be rented. owing to changes that
necessarily occur, but In the main the
rent lists are exceedingly slim. more
so than ever before known In Rich
nond.
There was noticeable during the
week much activity in suburban prop
erty. Highland Park. Northside Place
Brookdale and Barton Heights all re-
port increased inquiry. 1t seems that
the scarcity Of houses for rent in the
city is driving people to buy and build
in the suburbs, and there Is no good
reason why they should not do so
il Richmond capitalists will not build
the houses for the men and women
who want to rent them. then Rich
lnond's increasing population must
seek homes in the suburbs. where lant
fs cheaper and building and living
costs no more,
Building operations show no signs. OF
tagging. The contractors and archi.
tects report business active and or
the increase day by day. Eve vii
not have any winter cessation. and
doubt II the Christmas holiday vii
extend over a day this year" was the
remark Of contractor who was yes.
tcrday asked as to business IN his line
Gintcr Park.
Q + : { n 4 w, 4
The agents who have the Gintel
Park property In hand report continued
buying OF lots in that delightful su-
burb. The chief reason for this buy.
h6, they say, is that this property i.
Of the highest class and the value.
have not become inflated. Ginter PART
Is on a very substantial and conserva
1--WE basis.
An investor here gets full value fol
every dollar expended. The building
of new homes goes forward apace. ant
most of the Richmond architects ar.
preparing plans for houses to he bull
nthis section in the near future,
In addition to local buying OF Ginte,
Park lots, good many out-of-towi
purchasers are picking up these bar
gains
The Ashland electric road is givin;
regular service now, and this line vii
he OF great benefit, as 1t brings TIL,
seminary neighborhood within les
than ten minutes from the city's hes
residential district.
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