The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-03
real ESTATE AND
BUILDING NEWS
Panic Talk Has No APP
probable Effect Upon
Richmond's Realty.
SMALL HOMES In
ACTIVE DEMAND
Sales, That Were Made, and
Some That Are to Be Made. \
Activity i'll the Suburbs
Continues Without
Any Abate-
lnent.

notwithstanding rumors OF panics
and all the talk about closeness of
money, the real estate market for The
past week has been fairly active. The
auction sales. of which there were
many, were well attended by home
seekers and investors. No property
tnat was offered at auction went beg
ging, especially II 1t was OF the kind
THAT Is. mostly in demand. namely.
small homes or the lower priced lots
or. which to build tile smaller or cheap
CT grade homes.
No Eject OF Panic raIlk.
1t cannot be said that the panic
talk or the early part OF the week.
PLY out of the realm OF discussion.
did not have GONE effect on the real
tstat. market but that ertct was
merely to make investors. pure and
simple, 10 mold Off with tile hope that
tine Wall Street SCARE would tighten
Tie market to sufficient sextent to
enable them to buy Richmond reality
~ a hard times figure.
They found. however, that holders
OF Richmond property were in a po-
sttion 10 hold for outside figures, re-
other rumors, and 1t can be said that
every piece OF realty in and around
iI,ichmond that was sold last week
went for good figures and showed no
evidence OF a panic or rumors of a
panic or OF a tightness of the money
market. 1t may be that the prevalence
OF these r1rnors caused the postpone
1fent OF some sales that might other-
wise have been contaminated. but a
postponcment temporarily was the only
eject. Certain 1t Is that there has
been no curtailment OF the figures
which eligible Richmond realty has
been in the habit of commanding.
Fairly Good Sales.
The sales for the week, both public
and private, have been In meas
ure limited. amounting. In the asgre-
gate to not over $4,000. AS has been
The case for many weeks past, the
majority OF the gales were OF the small
ar residence property. All such that
showed up either at auction or by pri-
Nate sale found eager bidders, and
tile sellers had no trouble in getting
satisfactory prices.
All OF the real estate agents report
active inquiry for small property and
Tor suburban homes. The agents who
handle business property that usually
commands fancy figures report only
fair business and limited inquiry. They
say this is not just the season for
the sale OF expensive business prop
crty, and that they are making no
special effort to force the sale OF any
Euch. -.
Eager Renters.
The rental agents report that they
lave not the houses and the homes to
meet the active demand, and the
ciamor Is stili for more houses to
rent to small families and also for
some of the larger ones. There is
not real estate agency In Richmond
or Manchester that could not rent
twice as many houses as they have
had upon their lists II such houses
were standing and ready for rent. The
great wondds is that capitalists who
have money seeking dividend-mak-
: Ing. nv :; do not build more
renters" 1t looks as if this was a
mighty good time for owners OF sub
urban property to erect neat little
homes for rent.
among the sales OF last week was
the house and lot No. 1901 Hunovc,
Street, splendid residence. TIL,
. sale was made privately by Alessrs, III
Selden Taylor & Company,
The purchaser was Mr. II. S. Fensn1
Rnd the price paid was $4,000 cash
Messrs, Taylor s. Co. made other pri
Sate sales during the week amounting
to something over $1,000.
On the whole the real estate nlarke
is looking up somewhat. and all of tn,
agents are looking for improved bust
ness from week toweek. Certain 1t 4
none OF them are disturbed by any o
the parffc talk that started Inv Wal
IL Street. SsS IN
The dealers In suburban property re
port inquiry active and a number o
sales made.
GIntcr Park,
During October lots to the value o
about $4,000 have been sold by tn
Ginter8P Park Company, two OF thes
& having been disposed of during th
past week. October was q hard montl
for most OF the real estate firms, be
: cause of the State Fair. Horse Shoy
and the Episcopal .Convention;but thes
did not seem to affect the sales ii
\ Iiinter9 Park. i-
This beautiful suburb has long sine
passed out of the experimental stage
and Is now q solid. substantial section
and one Of the chief Show places O
Richmond. The healthfulness of Glnte
Il Park is proverbial. and the nedica
II men find scant pickings within Its bor
ders, which Is most gratifying to I'll,
many residents of this charming sec
ton. .l III y Eli s. s., y ssss{
The superior water from the deep
driven artesian wells has great med lei
nal properties, and this has much to d
with the general healthfulness.
tBl 80
Sales Ia fScottnvillc.
Special to The Times- Dispatch,1