The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-12
No FALLING OFF IN
REAL ESTATE LINES
Business Continues Brisk, De-
spite the Coming of Fall
ing Weather.
DEALERS GETTING READY
FOR THE SPRING RUSH
Disposition Strong Among Many
Dealers to Secure Options
on Ground.

In considering the real estate mar
ket AT the present, attention is called
to the fact that it is really the wrong
time of year for activity to be unusual
" great and yet there seems to be
little falling off in the number of large
transactions, and realty dealers and
capitalists are preparing for what they
characterize as the rush of next spring
One of the big real estate concerns
reported Saturday that IT Is purchasing
property for itself with the intention
Of being well within the market as soon
as the expected activity takes place
in a few months. This is considered
significant fact because when condi-
tions are bad or there is any fear OF
Il slump these are the very people who
are trying to unload, When the peo-
pie on the inside are anxious to secure
property the outlook must be excel.
lent.
Everything looks good TO me, - is
the remark which greets one in pracN-
cally all of the real estate Offices. The
opening of lower State street is pointed
so as an indication OF n further ad-
vance in values of property there. The
air is full OF rumors Of sales Of i'm
portaut tracts on Main street and the
property lying on the side streets as
~
not given out, which was cOnsummaJed
last week involves the property at
State street and Eighth South. where
frontage of 23l feet sold for Sl2O
front foot. The same property could
have been purchased only a short time
ago for 800 a front foot or a little
less. The difference in values, there
fore, would be almost $4,000.
Another Large Deal.
Another big deal reported involves
the purchase of property having n
frontage of FIVE rods on State street
between Sixth and Seventh South.
This property brought about $4,000
and was purchased only three months
ago for a little over $1,000. Deals
involving considerations as high as $500
and 5000 front foot on property on
Fourth South and on Main and State
streets in the near vicinity of the
Newhouse buildings have been reported
and all call attention TO the move
ment in that locality and the change
in values rs a result.
81 should not be afraid TO pur
chase any property along either Main
street or State street near the New
house buildings" said prominent real
estate dealer Saturday. "The property
on the side streets is good, too, and
if I had the money ] would secure all
the property could OBTAIN IN ana
around Fourth South This is an i'm
portant remark Just at the present, at
which time Of the year the market is
usually quiet, and indicates something
of the preparations being made to meet
the anticipated demand in the spring.
Desire for Options.
Another noticeable thing about the
market here is the disposition of many
dealers TO secure options on available
property for the purpose of holding un.
til the expected rise. This is also said
to be new departure in realty deal
ing here and indicates that the city
is coming into its own in earnest and
that the present activity has come TO
stay. One great drawback, however, it
is said, is the disposition Of many peo-
pie to hold their property too high,
with the result that business is him
dered
Attention is called many times to
the advantage OF turning over prop
erty and selling again and again at a
slight advance rather than holding the
property. often unimproved, for long
term Of years in the hope of realizing
an unduly large return IN the far dis
tant future.