The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-07-21
Good Midsummer Week,
With Most Activity
in the Suburbs.
BUSINESS BETTER
THAN A YEAR AGO
Richmond Suburbs Attracting
More Attention Than Ever
Before Rental Agents
Say Prices Have Not
Been Advanced as
Much as, Reported.
Much as Reported.


Real estate activity the past week
has been more decided in the suburban
sections than in the city limits.
There has. OF course been something
doing In town. but this is the resting
season for the town dealers, but a
Very busy season for the suburbanites.
The city agents have been more con-
cerned about rental matters the past
week than about sales. There has
been good deal OF talk about scar
city OF houses for rent. and higher
prices being asked for such as are to
he rented.
What Agents Sny.
y A Times-Dispatch man yesterday
found Va number of real estate agents
discussing this question and all the
other questions that pertain to the
real estate business. He asked them
for the real situation. and Mr.. O. II.
Funston, OF the firm OF j. B. Elan &
Co. was the spokesman. Said he:
II have never known a better de-
mand for houses by a more cxceiien,
class of tenants. thus demons trating
that all our factories and business en-
torprises are in good condition. We
have the management of a number OF
new brick residDnces, the rents OF
which vary from $3.50 to $3.50 per an
nun. which are COW under constrnc7
ton. and the demand is good. The
four new modern brick dwellings now
under construction at the corner of
Marshall and Adams Streets, the rents
OF which vary from $3.50 to $3.50 per
annum. have all, except one on Mar
shall Street. been rented.
The new modern brick dwellings,
corner Linden and Taylor Streets
which Will not be completed until the
fall. have ali been rented at $500 per
annum. The demand is good for the
block of detached brick dwellings, cor
ner of LON bar dy and Breads, and thu
Etore at the corner we have rented Il
a drug company. Just organized. for {
thrse-year lease al s72o per annum
We have advanced the rent only OF
about half-dozen OF the houses undel
our control and In each case the ad
vance has amounted to Very little.
building Operations.
'Yes. there is a great deal of build
ing going on In all parts of the city
and while last year was banner yea
for buildings. according to the repor
Of Mr. Hawkins. tho Commissioner o
4 Revenue, this year will not DE fla.
behind. One would be surprised to Sc
the number OF houses going UP OF
Church Hill and in Lee District. TIL
market Is qniet FOR the sale OF prop
erty. but9this is not unusual, as for tn
past twenty years or moro drcing tn
midsummer months / have neve
known 1t any other way
Many Private SAFES.
Other agents agreed with Mr. Fun
stems presentation of the Situation
No ono need ina CINE that business ha
been discontinued. Far from 1t. Th
private sales the past week have bee
larger by several thousand dollar
than they We're for the correspondent
week of last year. and this III spite {
this fact that two days OF the wee
were practically holidays, for the ret
estate men We're off duty two day
celebrating Richmond Day at the es
position.
West End Property
Last Tuesday Messrs. j. Tiompso
Brown & Company had ar auction sal
of West End lots which was Yer
satisfactory to them and to thei
clients. They sold a number of lot
on West Cary Street and Main Street
near the Home Place. Sly of the Car
Street lots brought s12.59 per fror
a foot, and all OF the Main Street LOT
Drought from that figure up to $l3,5
Several other lots that We're offerc
did not bring all the owners wante
for them and were Withdrawn for pr
vate sale, The Cary Street lots. 0
which Is the grove OF forest oak
were eagerly sought after, and priva
offers as high as SIT per front fot
were declined. Several sales that We
really consumated weeks even montl
ago, We're closed finally last week. ar
altogether tn @ agents did fair
good business.
In the submrbs
In the suburbs business was acti
In every day of the week GinterRPal
busilesa was stirring all the wee
and q number OF lots We're sold. Son
z of the late purchasers have had arch
tects End builders on the grounds ma
Ing. cstima tes for the Immediate ere
ton of homes.
Highland, Park, too, has been RIG
in the swim. Many prospective hol
builders have been out there to 10
3 highly pleased With the situati,
Eight or ten lots We're sold duri
:, The week,
The scarcity OF houses for rent
Barton Heights has decided a NUM-
pf people Vic want to live In that
a 9lightful suCurb to invest In lots II
We're for sale. and the probability
chat Barton Heights will be on but
Ing boom before the fall months sh
come around.
The Realty Owners Exchange Corr
M rntlon is starting into the work of
r Ycioping their property at "Northsi.
In a most business-like manner. Nor
aide" Will ere long be one of the IN
Attractive Richmonds suburbs. =
big sale of the corporation will be-
Tomorrow.
Director 0f Mint Huys silver.