Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-03-05
REAL ESTATE and BUILDING

yet back 10 normal" IS the report
from the Heber j. Grant company.
People are holding their property
good and stin; prices are strong. and
there would be many more sales if
the property was not held quite so
high" o. the word from the Peterson
Real Estate company There is
strong demand. especially for resi-
dcnce property on the east side We
have closed a number Of unimportant
deals. and inquiries are increasing
As an instance OF valuations now
being placed 0y some on their prop
erty located lon districts fast coming
in as business property one owner
with 10 by 90 rods on Fifth south
between Main and West Temple this
week asked from AN intending buyer
$500 a front foot which Is $3.50
rod. II is rumored that recently am
owner Of property on Fourth South
between Main and West Temple re-
fused 81 600 q front foot This proper
Is IS across the street north Of the New
house hotel now in course of construC-
ton
MANY people seem 10 be turning to-
ward the new addition in the SOUTH
eastern part of the CITY and the
prospects are good for lively sales In
that district during the next few
weeks" was reported from the Hal
loran-Judgc company I'VE have
closed several small sales this week.
and figuring with many others with
very good prospects ahead. Things
generally are very encouraging with
us, and we are looking ahead to a big
year.
Considering the revenue that may
be dern ca trJm 10, when property
UuiI up with the nina OF STRUCTURES
that the lucuuOu auu tnc grOunu Jusu-
~, we consiucr tut pilcea. % business
property Iarucuiuuy. cheap IA salt
i-aAe today sald Ltttle x L4ttie. rrI-
Jay afternoon. ~ ny, there ls prop
eity on south Nam street that is real
Is business properly TO-DAY. out Is o,-
copied by lcHuenDts, tnat Is paying
gOou interest on the money invested,
and on present quoted prices. II tnat
properly were covered with stores or
other business houses the revenue
would be multiplied several times
over. We believe there Is no business
properly ma Sdlt LAKE today IrOpcrty
puiit up that is not paying nice
revenue TO the owner 0IX per cent is
"a good interest on business property
hut much of the salt Lake properly
is paying from 10 TO 10 per cent, or
better. on present valuations, That
means that either our land prices are
too low. or rents are too high. Sau
Lake is improving In building and
population so fast IL Is hard 60 keep
pace with H. We are unable to secure
anywhere near the number of resi-
dtnces for rent or vacant store rooms
TO meet the demand. This week We re-
ceived a letter from "A business man
In Los Angeles who owns considerable
Salt Lake property. He tells OF a sale
Of 60 feet inside property there. be-
tween and : on Broadway, for $3.50
coo. on 81. 500 front foot That, COM
parativcly speaking, would be about
the same as between Fifth and Sixth
South on Main street in salt Lake
seven and half years ago woman
bought that ground for $4,000 and
has cleared up a neat fortune by
holding IL loss than eight years. Lo.
Angeles has three times the popula.
tion of salt Lake. but their land
prices are ten times what similar
property In salt Lake Is selling for
today-what In salt Lake now brings
$500 In Los Angeles commands $500.
The Los Angeles man thinks values
On Salt Lake In a very few years will
equal those Of Los Angeles SO we con-
slider present prices In salt Lake rea-
sonable on lands, but rather high on
rents"
During the past week the Highland
Park subdivision has been a topic Of