The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-07-26
REAL ESTATE NEWS,
C''.I|7''|YAND!. SUBURBAN.
d #
Old Sol, With His Intense
Rays, Puts a Quletus
on Things.
BUSINESS, HOWEVER,
WAS TRANSACTED
All the Deals Of the Week Were
On the Small Order-Inquiry
Looking to Future BUSH
ness Encourages the
Agents Of Rich
lnond.

tween. This sort OF weather Is not
good for the real estate business. and
AZ that is the kind we have been hav-
ing OF late. the real estate business Is
ma turally dull. But what else can we
expect at this time Of the year? From
tiine immemorlal July and August have
been the dull seasons for real estate
folks. The rule has undergone no
5spe cal change except that the rental
agents have been more than usually
sLusy this year. That Is because houses
are, In a general way. scarce In Rich
5nsond. and people who want to rent
are hustiing at least SIX weeks sooner
than they usually do. The old rule
las been to make the last week In
August tho busy time for the rental
agents. but this year the later weeks
IN July seam to be giving them their
hardest rub. The Indications arc that
when the first Of August comes there
Will. be mighty few desirable homes
for rent in Richmond or In the sub
iurbs. The demand does not largely
exceed the supply. but the margin Is
70 thin that nobody feels disposed to
take chances" "a
Sized Up with Correctness.
The above remarks were made to n
Times Dispatch man yesterday morn
ing by one OF the best informed real
estate agents in the city. After maxi
ing such further investigation as the
broiling sun admitted OF, The Times
Dispatch man discovered that the
quoted agent had sized up the situa-
ton for the week past very correctly.
Sales OF property Fell OFF consider
ably, and the total transactions for the
week footed up considerably less than
100000 AL OF the sales made were
on the small order and It took num-
Der OF them to get the figures OF any
single agency up into the thousand
dollar marks. q 3is IS
Mr. Leroy Brown. Of the firm. OF j..
Thompson Brown 6 CO.. when called
upon. was In the act OF rushing out OF
his ONCE In response to telephone
call, which he declared meant, IT 1t
meant anything at all. a $4,000 deal.
Up to tho time OF going to press he
has. not intinated that the call ma
Notwithstanding not to tho extent
of $4,000.
Mr.. Funston. OF the firm OF j. q.
Elan & Co.. who overhenr the remark.
insisted that pause to explain was
In order. Neither the pause nor the
explanation were Forthcoming, and Mr..
Funston being button-holed by. The
Times-Dispatch man. declared thar
during the hot wave deals OF large
dimensions Were few and far between.
He thought two or three times s2s. 900
would more than cover all the deals
of the week
HustlinE for Purpose.
Afessrs. Blanton & Purcell report the
sales OF something like $4,000 worth
or property for the week, and an ex-
PLANTATION OF this extraordinary 8 purt
reveals the fact that the Junior menu
per pc, ofE.5tte concern expects to be
"honeymooning" for at least three
weeks hence. and he was hustling last
week to keep up the average while
away. 4.
Messrs. Green & Redo report5a sum
1ner dullness. but In spite OF that thew
have been selling Grove Road lots be-
You'd the Boulevard at advanced prices.
I There is every indication that. these
extended Grove Avenue lots are con-
stdered good Investments. The city is
growing that way III Il
4 Messrs. j. Al. Connelly8S& Company
say that there is great dealHof In
quiry on the part of SPECTATORS as
we'll as home seekers but one and all
seem to be willing to walt for cooler
weather before entering into actual
bushes s. 4 Il ~ III "a a3s
Messrs. Richeson & Crutchtield
say business has, OF course, been dull
butt the outlook for rush OF things
when the sun, ceases to shine so hot,
IS promising. ss 5as
Other agents speak in similar terms,
and to sum the whole thing up the
real estate activity Is more noticeable
In the shade than elsewhere. When
more shade comes there will be moro
activity. 81 ~ :g3 4. " ss
Suburban Notes.
s The agents who handle suburban.
&propS;ty are also lainingsof hot
weather lethargy, but they have been
doing some little business, Something
like dozen lots changed hands last
week in sBroo kland Park. ana In Bar
& ton Hei ghts several deals or import-,
$Ance were made ~ ~ 81 a.f st 5a n 5
Reports from HI ghland Park, CT est
nut Hill and other burbs are any,
thing but dscoura cling. On the whole.
the hot weather to the contrary not-S
Notwithstanding. there is more than the
Usual summer business going on In real
estate circles, WHILE t mus t be adj
United that the e&lrelne hot &Sweath Their
lullness lssnot only due, but Is here,
IN the meantime there Is II o denying
the fact that the largest suburban col-s
spny OF leading professional and Busl-
hess men of Richmond Is IN 4 GlntclS
Park. The beauties and conYeniences
pr this del Lightly suburb ha We proven
Irresistible to a very I'll large number,
sRnd5 the sentiment inBits favor Is grow
ing 8steadlly, l|3 Il 81 n
Tho work of further Development Is
being pushed ,isi az Is shown by the
Smpvemell 4. ow we ii UNI or ~ ay,8t 10 ms
5ytall a s tree ligh tin g. sys tenn K onl-
88fc.ttea has the ma tier I M oharg 9, 4 and
z she lie hts ,Ylll II be- installed by fall.
This street "a ghting system NIL IL be.
gne ne best things yet one IN
sGinter Park. ssl; MI III
lla3 inn OF ~, oungs g CO. Ri
II I'asts MAR tree Il been
ontlnusd "a 3 IA I'aEs. ,ssI5