Omaha daily bee., 1908-07-19
TIMELY REAL ESTATE TALK
Record Of Sales for Year So Far
Shows Up Well.
PROPERTY PRICES HOLD STEADY
Increased Demand for Lots for Homes
Warrants Dealers In Maintain
inE the Figures Mt Pres
emit Notches.

While not showing Increases over last year,
the real estate transfers each month OF 1908
have compared favorably with those Of 1907
and during several months have eNc seded
the transfers OF 1906, a very healthy year.
During June the transfers exceeded the
transfers for the same period In 1905 aud
the July record promises TO break that of
1906 as we'll as that Of 1907. Much of the
activity in real estate does not show in the
record. The deals which Skinner & Chase
have been making in Rslston will be placed
on record as soon AS the last lot is gone and
will swell the transfers. These sales hay.
beed made by contract and no deeds deliv-
er:d az yet. The result is that something
like go lots have been sold without increas-
irg the Transfers. The property has already
increased in value and several lots which
have changed hands sold for from 115 to
sl25 more than was pail for them a few
months ago, the transfers being made in
the contracts.
In real estate circles by far the greatest
interest now lies in the property in the
Sorth part OF the city because Of the gift
Of Mrs. Levi. Carter 10 q park at Cutoff
lake. Almost every experienced dealer in
TIE city is talking north side property.
something north 81 Locust street. between
Fourteenth avenhe and the Twentieth street
boulevard. or even to Twenty fourth street.
The announcement had scarcely been made
until the dealers seized the opportunity Co
push the north side property and advise
investors to look at 1t before buying else
where in the city.
The plan Of the Park board lie to also
have a boulevard along Fourteenth avenue
s.. --,.4 as~I.art 90 Dfnlnox- ~ rnf IN
Evans. East OF Sherna an avenue a score
OF houses are already being planned in
Sulphur Springs and Bluff View additions,
az It is this property which will be most
benefited by the boulevard. Fourteenth
street is now a winding path in places and
only a cross lot road In others. The boule-
ward means much to the north part of the
city. Objections that the tract is too low
are being overcome by the statements Of
engineers that as a matter Of fact Ames
avenue, which seems low, is almost as high
as the high school grounds, and that 1t is
up hilI' for three miles from Dodge street
to Ames avenue. But rC gardless Of altitude
new homes are building and lots are selling
rapidly all the way from Locust street to
Fort Omaha.
Walnut Hill property is receiving much
attention and it has been increased in value
by the Fortieth and Cunning street car
service. Just as the through car service is
making Florence more popular every day
From Fortieth and Cunning streets the
running time of the street car by Farnam
street is sixteen minutes to Fourteenth
and Farnam. AS a result there is new in
terest IL property around Fortieth and
Cunning streets and some public improve
nents are going in as we'll as lots being
-..- H. IT, god ,.-nnn and rfU-t me-
hundred block on Burt, Lafayette and
Forty-first streets. Paving is going in on
Forty-first avenue and a large number OF
new houses and blocks OF new cement side
walk are being put in, Regardless OF the
demand, the price for lots is low, one COM
pany offering choice lots for $50 to SS5'
on dnpaved streets-and the lots are selling
readily.
For two months the Real Estate ex
change will have no weekly meeting. thos,
who advocated adjournmenc for the sum
mer. among them President Graham
finally succeeding In adjourning the meet
ing until tho second Wednesday in Sep
TENDER. This means moro than anything
else that talk Of new legislation and char
ter revision will cease, also that the pro
posed $6,O00,O0O bond issue for a powe
canal will be under the influence OF chlorU
form for eight weeks. But the opposition
To adjourning showed the interest whicl
dealers are taking in the work. of tn
exchange. and when the next meeting
called. il will be to consider the plan
made by George Morton and his commit
tee for increasing the power and influenc
Of the exchange. 1t is proposed to rails
the membership fee. as well as. the due:
and solicit all engaged in the real estat
business in Omaha to join and assist in tn
winters work. The exchange plans to hay
a fund ready to assist in public enter
prises and the sending Of delegates to dit
ferSnt conventions, az we'll as bringing sew
eral prominent speakers to Omaha mex
winter to discuss practical city building.
When Mrs. ella Patterson bought fC
$4,000 the property at Twenty-tifth an
Cass streets from the National IAfe II
surance company of Vermont, that con
psny sold its last piece Of Omaha propert!
having sold a few months ago a buildin
on Sixteenth and LeavenTorth. A fe
years ago the National Life Insurance con
pAny OF Vermont had 100 pieces OF PROF
trty I'm Omaha but the rapid sale Of II
property by Thomas Brennan. financii
agent OF the company, since Omaha pro-
erty has begun 10 take on a steady il
crease in value. has Justified the libert
policy OF making loans in Omaha. Thous
the statement could not be made on Il
authority OF officers OF the company,
Is said that not a cent has the Nation
OF Vermont lost on Omaha city propsrt
but, on the other hand, has been enable
TO set interest and principal from Il
salaa