The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-09-01
All the Agents Getting.
Ready for Heavy Fall
Business.
SMALL PROPERTY
IN ACTIVE DEMAND
building Operations Activc-De-
cline in Prices Of Building Ma
tcrial Encourages Home
Makers to Get Busy.
Mechanics More
Plentiful

Tie real estate market. as developed
Curing the week just closed, seems to |
be making ready for big business that
SIS expected as soon as the cool winds |
people back home from the mountains /
and the seashore and from the other |
points where they have been seeking |
comfort from summers heat and city |
dust.
There IL much inquiry and the agents |
fay they have been laying the founda- |
tons for big business but as mat
ter of fact only limited number of
transactions were contaminated during |
the week.
Not OF the String Yet
Some OF the transactions were on the
larger scale. but they are not entirely
completed yet. that is to say. owing
10 the absence from the city of some
OF the interested parties the deeds
have not yet been signed. sealed. de-
llvered and turned over to the clerk
OF the Chancery Court for recorda-
tion, and under those conditions 1t ip
utterly impossible to get a real estate
man TO tell anything OF the details.
However. 1t has leaked out that one
wolves the sale of splendid West
Franklin Street lot not far from Rich
niond College, and another was the
sale of q Lee District lot, which, 1T is
said. brought $3.50 per front foot. This
Is regarded as very good price and
one that may set the pace for fall
transactions In that section of the city.
Smaller Houses In Demand.
Several small houses on the cheaper
order changed ownership during the
week and the business In that line was
somewhat active. There is increased
inquiry for this class OF property and
ALI of the agents ray they have little
or no trouble in selling ..omcs any,
where In the city that are valued at
from $1,000 to $4,000, but the trouble IS
such property is becoming very scarce
Now that building material ts getting
cheaper and labor a little more plenti-
full the agents are hoping that capita!-
fists will put little more money in
the cheaper grades or houses ane IN u
measure supply the demand. The lack
~ houses for the accommodation OF
men of small means. men who work In
Factories and other industrial estab-
,fshments is keeping workmen away
from Richmond, workmen VINO are
raeded in all Industrial branches. Cap
,talists who would build more OF sucn
houses, either for sale or Tor rent, Wouiu
not only be assured OF coed interest,"
ON the Investment, but would De going
good service for the community.
IT is an open secret that quiet
,novement is .on foot to get certain
canitalists interested in this kind OF
good work
building Boom Is On.
There Is no cessation in building
orarations Every contractor IN the
city has his hands full and nome
builders are eager to make contracts.
The fact that within the past Re"
weeks there has been genera de-
Cline in the price of building ma
terial and the other fact that con
tractors are now having less .loup.s
to get mechanics and labor conspire
10 increase the interest in building
TO show that there has been ar
actual decline In the cost OF building
material gentleman VINO mas JUS
COMPLETED a house that cost him aoou'
$4,000 is authority for the statement
that If he was just now commencing
to build he could erect the same mouse
for at least $500 less money. Thi:
means that building material is nov
about 10 per cent. lower than 1t wa!
six months ago.
More WOrkmen Needed.
are finding it much easier now thai
ST was six or eight months ago u
employ aworkman. The demand 70
vorkmen and laborers for buildin,
purposes is still urgent, and severa
hundred more than are now IN Rich
1nond could find good jobs We're the
to show up. but labor is not near s
scarce as it was few months back
rrhis is due in measure to the cessa
nf&
railway lines, and the Workmen ar
coming back to town.
Suburbs Are Active.
In the suburbs there is decide
activity. All, Of the agents who hand
this class OF property report muc
inquiry and some of them report lar
sales All report some sales for Tn
week just ended
SCOTS addition, west of the Boulf
leyard between Broad Street Roaa az
the Richmond, fredericksburg and ~
tomac Railway, is looming up as
suburb we'll worthy OF attentlo
Messrs. Mcyeigh & CHM, who are. tt
agents for this property, made nun
ber of sales of lots dur 6 the pa
weak One of these sales was on q
wholesale order. They sold to M
Harry l.. Matthews, one OF the pc '
Known building contractors In the GU
a whole block Of ellgipie lots ~
understood that Mr., Matthews VIII pl,
these lots, which, when completed, w:
6. Id for sale or for rent.
The Scott addition Is beautifully y
Gated. ana in time will become one
Richmond's most charming suburbs suburb, $
The highland Park people have be-
doing some business during the Pa
week and several lots We're sold, 3Bett
thansthis. the purchasers : 'i OF otner =
hat we're sold several weeks ago q
nreparlne to build on the same y
Highland Park Company are addii