The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-29
CAMPER PUT upon
REALTY BUSINESS
Difficult to Sell Real Estate
When Customer Cannot
See 1t.
DIRT MEN ARE WAITING
FOR BEAUTIFUL" TO MELT
At the Same Time, However,
Number of Big Deals Are
Under Way.

The coming Of the heavy snowstorm
last week put something of damper
on tho real estate business. it ie said,
and no large sales were recorded du-
ring the week. Reports from many Of
the dealers, however, showed that a
good deal of business was under way,
and number OF large transactions are
expected to materialize in a few weeks.
For the present. and until the effect
of the snow has gone awav, there is
likely to be little activity in real es-
tate business" was the characterize
tIon given of the situation by one of
the prominent dealers OF the city. Most
Of the dealers commented upon the ex-
cellent conditions which have held until
pected that conditions will become moro
active IN week or two. although it is
said at this time of year little activity
is expected and good deal of the busl-
ness done is the closing OF deals which
have been started earlier in the season
and have been pending for some time.
Commenting upon the number of un-
usually large transactions which havs
been consummated recently, the repre-
sentative of one of the leading real
estate firms said last week that there
were indications that the amount of
building undertaken during the. coming
year would be enormous unless the an
expected occurred, and that there might
be large boom IN real estate as soon
as the trading started in actively next
spring. He called attention to the great
increase ID values which had taken place
here during the past year, and pointed
out that IN many localities property has
increased in value to three and four
times the amount for which it could
have been purchased few months ago.
New Buildings Wanted.
This is especially true, it is said, IN
localities where any great amount of
building IS going on. and the erection
of homes has operated TO create q great
advance In values.
Another interesting phase of the real
estate situation here is illustrated by
the fact that many Of the new houses
sold have been purchased by old resi-
dents of the city, or at least by people
who were already living here. This
moving into new buildings, leaving the
old adobe sbacks which have been IN
use for homes in different parts of
the city. In many instances, it is said,
these older buildings have been DE-
stroyed to make room for new stTuo-
lures, especially in the business dis
triet, On the essentially. residence
streets, however, these buildings have
been retained for renting purposes, al
though in many cases they have been
displaced by the new buildings.
h In spite OF the large number of apart
ment houses which have been erected
this year, they appear to be fairly well
filled and there is little decrease IN
rentals as the result of the number Of
new homes erected and the room pro
vided by the erection of apartment
older structures Is quite marked, how
ever, and tenants refuse TO pay high
rents for them, which leads to the coz
clusion that these Will be eventually
entirely displaced by the new modern
homes which are being erected.
Although the big storm of tho past
week. stopped practically all work on
new buildings for the time, the number
of building permits issued from the of
flee of the building Inspector during
the past week shows that the erection
OF buildings will continue rapidly as
soon as the snow is cleared away. For
the week ending November 2S there
were twentythree permits issued. call
ing for total expenditure of S54,400,
making the total value OF permits issued
for the month nearly 100000, with
two days yet TO complete the month
This means that the permits up to the
present time have exceeded those or last
year by more than Sl,0o0.OO0, or nearly
so per cent over to total of last year
With another month TO run the indica-
tiops. according TO Building Inspector
A. B. Hirth, are that the total Tor the
wear will exceed that OF last year by
a percentage that has been unpreceden5-
ed in the history Of building operations
in The city,