The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-10-01
Dizziness in Real Estate Market
is Passing OFF. Prospects
Very Encouraging.
NEARLY ALL TRADING
DONE BY INVESTORS
Sales Were Moderate With Excep-
ton of Two Big Deals-Both
Purchases Were Corporations.
Suburbs Improving.

day afternoon the general realty
business of the week came to an end.
and though a great deal was not by
any means transacted during tho
week, agents in every part of town
handling both city and suburban pro-
perty declare that the opening u! the
brisk autumn trade Ia at hand and
may be looked for along the entire
market.
The business of the week was done
by investors. There was practically
no speculation. With the approach
of the State Fair the market, distract
ed. lost much OF its usually rtror \
tone, and became almost iistless. No
sales of any real importance BENG
recorded during the entire week. anu
but few during the month
Indeed. the business OF the "losins
week Of September may be said to
fairly represent the business of the
month. Many OF the principal reai
estate specuiators--and they after oil
high prices in certain sections 81 the
city--were out OF town.
Most OF the sales We're consequently
small. and were ciosed by people who
intend I'd hold the properties as IN
vestments rather than for any sudden
and unexpected rise in the market.
Want Houses.
With the return OF many people
from the springs and summer resorts
houses In desirable residence sections
were in great demand A number OF
homes were rented. fats were leased
and old leases renewed. several OF the
larger agents reporting a thriving
.ousinss along this line. and they Also
declare that AZ they still have many
requests as Yet untitled they expec,
the renting and leasing business to
continue well into next month.
Practically no sales were closed o.
business property. and but few desir-
able sites in the financial section
: are on the market. most being jeal.
ously guarded by investors who are
able 10 hold and by large estates
which rarely dispose Of a foot Of land
being on the constant watch on the
other, hand to buy in anything tina,
may he offered.
In the West End several satisfactory
deals were closed. bu, the iarges, In
volved less than $4,000. most beins
in the $4,000 class or slightly below
that figure.
The two best sales we're made BY
Messrs William Green and F. r
Poindexter respectively. Mr.. Green
selling to Messrs. c, f. Ivey and W
&. Hill some property fronting IS feet
on LON hardy street. near Cary street
for $1,000. while Mr.. Poindexter said
hot Ia
Stuart avenue to MIR. J. A. Otey for
$3.50.
Floyd Avenue Sale
third reasonably good sale of the
week was closed by Messrs. John r
Powers and u. Council, transferring
twenty three feet on the north line OF
Floyd avenue near Rowland street "a
Mr.. J. z. Epps for t4.T00. The next
best deal was the sale OF No. 2sol Eas,
Broad street BY MIR, George w. Gay
to Mr.. J. r. Blair for $4,000.
In the suburbs on both sides OF the
river considerable activity maintained
but. like IN the city. few big sales we're
closed. MANY prospective home build :
ers looked over the properties. how-
ever, at 0inter Park. Westhampton and
Woodland Heights. and the agents hav-
Ing charge Of the development OF these
suburbs expect to close a number of
fnr la
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COMPANY tho confederation being ,aa.-