The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-09-11
REAL ESTATE AND
BUILDING NEWS
Rather Dull w eek S Bus
inessDueLarg elytoUn :
favorable Weather.
WHATTHE RECORDS
SHOW FOR AUGUST
Suburbs Holding Their Own.
Small Farms and Big Gar
dens Near to Richmond in
Great Demand - Figures
About Buildings Erected
Last Month.

Intensely bot weather during all OF
the days of the past week. except yes
terday, seems to have driven the ma
jority of the real estate men back to
summer dullness. It certainly kept
quite a number OF investors and spec
ulators off the market. possibly hold
ing them for a while yet in the noun
tains. or, II they had already returned
TO the city. driving them back to
where cool breezes Offset the sicken-
ing September sun rays. Anyhow, 1t
was a dull week, and the sales that
Were made were confined entirely to
the smaller properties and almos. en-
tirely TO vacant lots and residences.
the most OF which are located In the
West End and in the suburbs The
total sales did no treach 100000. city
property and suburbs included. How
ever, the agents are optimistic, so far
as the future is concerned. and they
have reason 10 be, for Notwithstanding
the small sales for the week, there was
increased inquiry. especially for resi-
dental property, and not a few options
on well located property have been
asked for and granted. Thus quite a
number OF deals OF considerable pro-
portions were hung on the string. and
contaminated state almost any old
time.
Small Acreage In Demand.
One bright ray OF activity was no.
ticeable through the clouds OF warm
weather dullness. and that was IN
creased inquiry for farming lands near
to Richmond. email farms and garden
patches, so TO speak. Golsan & Nash
were exhibiting such lands out on the
n nlUEef
two very satisfactory sales during the
week. Amos & Poindexter is another
hrrn that has been doing some pusi-
ness in this line. their total sales the
past week footing up $4,000.
Other agents who handle this class
of property report much inquiry and
some small sales. but all of them COM
plain that there Is so little OF farm
property close to Richmond that is for
sale. They could sell q good deal more
is they had for sale the acres convent
ent TO either steam or electric rail-
way lines and in easy touch with the
city.
The rental agents and the most Of
the real estate agencies In the city
that have rental department have
about gotten over with their first OF
September rush, and they are glad OF
IL. for they surely had strenuous times.
Most OF them report the closing UP OF
their entire lists, or practically so. In
deed. there is demand for even more
houses and there is no present danger
Of the building boom causing a sur
plus of rentable houses.
building Operations ON Increase.
BY the way. the building boom Is
still on. In the month of August the
3tild,ng inspectors office granted 104
buildine permits and the estimated
value Of the buildings to be erected
under those permits is S289.625 In
the corresponding month of last year
30 permits were granted, and the esti-
mated cost Of the houses was $245. 497.
rhe increase In August OF this year as
compared with last year is $44,12S. The
large majority of the permits were for
residences within the city limits.
There are no available statistics to
show the building operations In any OF
tbe husv suburbs. but there Is ample
evidence that the figures for any
month this year as compared with the
corresponding months Of last year
would show a larger percentage OF In
,rease for the suburbs as a whole than
the official figures show within the
city limits.
professional building. corner Fifth and
FranklIn. The tearing down Of the
nrasent building will begin In few
days and the work started on the
roepniacent six-story steel and con-
,rata building. This building is to
he designed for dentists and doctors
only. and will be the most complete
IS we'll as the most beautiful structure
81 its kind In the South. Carneal g.
johnson will be the architects, and ].
n rarneal &, Son agents for the prop
srty.
Real Estate ClearinSs I'm August.
The real estate clearings for the
month Of August as compiled from
the record books / nthe offices Of the
court clerks by Mr.. Purcell, Of the
real estate agency Of w. 2. Purcell
Co. are as follows:
In old city limits:
Improved property .......... SSS6,S25
Vacant lots observation-disclosures. 19,4b1
Manchester:
improved property ........s so,2o5
Vacant lots OBSERVATION-DISCLOSURES. oa,ooS
Suburban lots and Improve
ments observation-disclosures. S5'VSo
crhmrpan acreage .......... 1889
Total ............,......$ ", 2Sl, 296
The total for the month Of August
last year was sl,2371S1. which was
s5,993 greater tina nthe sales recorded
in the corresponding month OF this
year, In both years there were many
sales recorded that really took place
weeks and even months before the
deeds were placed on the record books.
ava IN most cases the sales were re-
norted when made. That Is always
the case.
In the Busy Suburbs.
The prevailing dullness OF the past
week. dullness,. which IKE s.. a a sumner
cloud. can be Of but snort aurati so1t
10 .,' some m extent in the suburbs. but was
not near so pronounced. Ginter Park,
Battery Court. Highland Park on the
co nsiderlng the unfavorable features Of
the season, and to the westward there
was much doing beyond the Boulevard
and away out as far as Westhanlpton.
II n lCoDtlnued on Third Page.l