The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-01
real ESTATE AND
BUILDING news
Activity Noticeable, But
it is Somewhat on
Quiet Order.
SMALL PROPERTY
In GREAT DEMAND
Spectators and Sellers Of Large
Property Awaiting Develop
mcnts-Mr. Wallcrstinc
Goes Into the Btisi-
ness OF Flat
Building.

a review of the real estate field for
tho week past is In a sense encourage
Ing. and yet 1t is not as productive
iii actual results as Richmond Is the
iiabit of witnessing at this season OF
tile year. The before Christmas sea
aon in this city usually witnesses many
transactions OF something like gisan-
Tic proportions closed up. for Rich
Imond's habit is to wind up things to-
wards the close OF the year.
or course, the money squeeze has
had something to do with what tbs.
real estate agents regard as IL dullI
week. but as a matter OF fact the go
called panic has had very little to do
with Richmond real estate ibnslhess
except in an indirect way l'or IN
stance. there are a number OF ihves
tors who are always looking for a
bargain. Full we'll do they know that
Eichmund realty Is always worth good
money, but then they think when al
tightness comes llonG in The money
market II chance may be afforded 70
get something real valuable for less
than 1t is worth. that is To say an un-
usual bargain.
Looking for DnrEninr.
For this reason investors have been
holding OF for several weeks past anu
they being practically of the market
the actual sales for the past week nave
not been az large as they might have
been nor anything like AZ large as
some OF the agents had hopci for. ~"
this extent tho market has not come
mp to expectations in the matter OF ac-
tual sales, and has been. therefore.
somewhat discouraginS 10 some of the
handlers of reality
On the other hand the agents who
arc dealing in small residence property
have had no trouble in making sales.
There has been q fair. not 10 say ac-
live demand for residences that sell
for from 1880 to $1,000.
The sales for the past week Iiayc
been confined very largely to This class
of property. and they have footed up
something like $4,000.
that the transactions for the past week
lave been confined almost exclusively
to this class OF property.
Awaiting Developments.
There is inquiry. a great deal of IT.
for business property and for mann
featuring sites, but the would-bc
buyers OF this class OF property seem
yclopments. They evidently think the
money market will II q tendency
10 reduce values. and they arc willing
to wait and see. The holders of such
least disturbed by tho unor from
Wall Street, and they think the scare
is ali oyer and done with. and for that
reason they are not willing to part
with their good Richmond dirt for the
money the spectators and would be
buyers are now offering. Hence sew
cral very large deals that have been
on the string for many months are
still in the hands of the agents who
will have good. cool weather for some
time to come In which to Ego between
and do a power Of negotiating. That
these negotiations will finally result In
some heavy deals that will mean much
TO tho manufacturing interests of Rich
mond. nobody doubt. but the fact Is
that the deals are yet on the string,
awaiting developments.
Renters Continue Eager.
notwithstanding the fur advanced
condition of the season, the people who
are In search of houses they want e
rent. have not vet hadstheir wants sup,
piled, and the agents are daily besiegec
with applicants for houses.
Most of the applicants want homes
on the Sleaper order. and there Is moi
n day in which 1t is not demonstrates
that Richmond is short on the cheaper
grade OF houses for rent, and once
again tho cry goes out that capital.
lists will fnd good money for their eS.
pendituro e they VIII invest larger
who has bean something Of a .plunger,'
IN real estate. has seen this hand
HE WTILLus VII lI0 EWAllp Ia ~ S AASf
erecting eight flats on property h.
recently bought on Nineteenth Street
between Franklin and Grace. The!
with all the modern improvements TO
houses of their kind. They will b
completed and ready for occupancy 2
shout the 1u as a.rs o. J ibns ssts ANN amu II IL
hats is 5000. A hundred more Of tn
same kind in Richmond would lin
ready takers.
.Optimistic Views.
Tile senior member of the urn,
Yesterday, gives something OF an OF
&imistic view of the present real es
tate situation. That firm has recentl
sold the property advertised AT uue
s'g u. 422 south Pine street, TO NJ
Hugh NJ. Poe, for $1,000. some lots J
..scQtt's Additionn whieh IS p pnorsm s 5
finding property In this section takin
Unusually we'll, parties all buying I
build homes in this addition,
They have also recently sold son
Vest OF Soldiers Home, at $35 per foo
The two-story brick dwelling, No. ~
West Leigh Street. for $4,000, part
purchasing It for an investment, Als
tho brick residence, NO, y ss r. ,Msne, ! Ma g
14.S0O.s asf an Investment. small piet
81 property with dwelling upon IT Q
Taylor Street. to William lIubber
Four two-story, detached frame dwell
lngs OF Washington Street, south (
Gary, at s4,S0o. to party for inves
ment.
They have found the rental bushes
unusually good u are now neg
fiatlng wlthRparttes for several larl
store properties, which they expect
sign up next week.
AS we'll as other agNnts, they con
plain Of lack Of modern dwelling
ronting for about $500 per nnnum. ha'
Ing number OF calls for them, b
not having sufficient properties of til
class to meet tho ldeuluiic.
Suburbs Arc Active. 4
All or tho agents who hand
lEontllucd on Second Iage.l