The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-04-14
REAL ESTATE AND
BUILDING NEWS.
Weather Conditions the Past
Week Not Favorable to Very
Active Business.
NEG CITATIONS THAT AR E OFF.
Business Largely Confined To-
Sales OF Small Houses All
Over City.

r
December weather in December Is Ii
the proper Kind, and does not MATERIAL III
" Interfere with any part of the real
estate business except the auction
sales, and would not put stop to
them IL the real estate mon Of Ricl4bS
mond would catch on to the twentieth-sS
century methods and have q real es-.
tate exchange but December weather "A
in what should be the abalmy month OF "
April has q very depressing effect on
the business Of buying and selling
property. It not only knocks out tho
auction sales, but 1t puts q dnmpers
on prospectors and inquirers and on 4
spectators and Investors. It also
dampens the ardora Of the real estate II
man and sometimes makes him charge
poor business UP to- herIaccounts. S33s
Small Houses Sell Well.
While considerable business was
done during the past week in lie way;
ofSbuying and selling Improved pro per
! ty Of the smaller and clepaerg order = *
must be admitted, and It Is admitted u
by all of the agents, that heavy busl-ss
| ness has been q little dull. 81 IN
| Tho sales that have been made We're 4;
4 widely Observation-Disclosures the city and
/ were mostly in small houses and the;
/! cheaper lots, showing that What ac-s
i tivity there was did not keep Itself
\ circumscribed,5 hut was distributed in
l all parts OF tho city ana outsslllsa ne
/ suburbs. s5S
N really large deals have been$con-8
summated although there has been a
4 great amount OF talk about ncgotia-f
i lions for liigh-priced Broad Street
i property, for manufacturing sites and 4
Il for large lots Of vacant lands to be-
4 built upon by capitalists for rem ting
l8purposes to meet the very active and
4 urgent demand for small houses 85by,
4 renters or would-be renters.
Negotiations That Are OF.
4 None of the negotiations for the
Il high priced property or the manufac-S
4 turing sites 50 much talked about
& have yet come to a heud, and II Is
i said that some of the negotiations that;
4 started of so auspiciously at the be-
Il ginning OF the week have petered out
and been declared of. However, they
are liable to be reopened at any mo-
u ment The calling Oft of negotiations
f sometimes simply means that9 ALI par,
y ties to tho same are playing 1 LOT Pc Pc,
sition That may be the case IN regard
Hottie big Broad Street deals that We're
" said TO have been on tho string and
then Off again.
However, that may be-. the fact is
i that Broad Street property Is in. de-
:. mand There are people who DO no :
own it who want 1t, and there are some
) owners who. for one reason and an
other. want to sell, and under these
; conditions wde-uwake real estate
agents are very liable to bring about
some trades of huge dimensions.
! Fair Averages Anyhow. IA
L 81, tina III 81
t agents are making pretty good aver
S ages in u business way in the sales OF
Q sma Ter property, and they arc doing
e all they can TO meet the demand fol
4 small homes both for the renter ant
i the buyer They are little slow
$ however. in inducing capitalist to In
q vest money in blocks Of houses to bt
e rented at say. from $40 to $40 pei
= mouth At least hundred OF sucl
8 Ihcuscs, IL ready for occupancy RICH
y now. could be rented in a jlffy. TIL
land upon which to build is here, an,
y tho money to pay for the buildings !
d here. and Just why the kind OF house
Y that are most needed are not going "
= IL hard to guess. Some say 1t is be
~ cause building material Is too high an
4 labor has become too costly. Thes
" two things are evidences OF good time:
and certainly they make renters none
H PLENTIFUL, and SO it would seem rha
ID when labor and material are high
the very time to build houses for rem
y Business Ahead.
a. The week ahead promises to be
Ne busy one With the real estate men. III
Y suspended negotiations are aue,to
~ resumed, the promised good weatht
d. Will enlarge the scope or inquiry an
es a number of interesting auction sale
seh are already announced, and others vi
~ be announced later, among them. Oh
or tI-by Pollarag& Bagby. Tomorrow
III 6:so o'clock, they will sell the tvs
r., story detached dwelling, No. 1880 SVe
- Grace Street, between Allen Ayent