Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-17

tire income Is spent for one thing or
ahother and year after year ends with
no material advancement; but where
lots are well bought and a small pay
ment made. and regularly monthly
payments follow. 1t Is only short time
until the site for n home is entirely
paid for And in the meantime, In a
growing city like Salt Lake, the value
OF such lots increases year by year"
LOWER PRICES NEEDED.
The year 1910 opened we'll in all
realty lines, Il condition which pre-
vailed until the LIST OF June, when q
money strnGeucy caused n local slump
in realty circles" says a. n. Hum
phrics. Farms ana acreage have sold
well all year nj biz prices, in some
is still big demand fo,' farms and a
fail, demand for city unirnproved prop
crty. Many people are, however. hold
Ing their listlncs too high, and 10 great
activity in realty circles can be expect
ed until this attitude changes. There
Is Il big demand for loans; hut all in
all the year 1910 has not been nearly 50
good as WAS 1909, the banner year"
BANNER SUBDIVISION YEAR.
"'rhe year 1910 viii 80 d6wbsin real
estate history as a barieI subdivision
ycar. The commercial real cstitr deals
have been up to tile average during the
past IL months, but more lots ip sub
divisions have bccr sold during lNlO
than III any previous year in SAT-
Likes history"
This report comes from the firm of
Kimhall & richards, the land MGR
chants" who for the last three years
have specialized, In this ono feature III
the real estate business. They have
devoted their. entire time to the plat
ting. grading and improving OF subui-
ban property and the disp"sinH oi
building lots to the homc-sreker ana
moderate investor.
Continuing, the manager of the com
pany said Thirteen subdivisions In
all have thus far been handled sue
ccssfully by this firm. Highland Park,
the largest subdivision4escr placed on
the market in this ihterniountain sec
ton. has been handled successfully
during 1910 What Is Highland PARK
today was a few years ago known as
the Crismon farm. i is located imnc-
dlatcIy south of the Sugar House ward
business section. This farm. which mas
ever been recognized as having ~ most
commanding view of the valley, was
purchased by kimball & Richards last
year and as u result of their efforts, to-
uethcr with the assistance of the Sugar
annexed to Salt Lake city on March .,
1910.
Immediately after Ilighlanl Park
WAS admitted Ia the c:ty limits uic
owners nude the necessary arrange
monts with the city to have siE-inch
water mains extended to their properly
This work was completed carly IN july
less than 90 days after annexation.
AN of the four-rod streets were or
dercd graded by the city Mt tho expense
of Kimball &; Richards, under the SUI
pcrvision of the city engineer. HIS
work has been almost completed. When
the tract Is completed it Will have some
Is miles Of hvc-foot cement WALKS
about two miles of this paving has al
ready been finished. To date there are
seven completed houses on the prop
crty uggrcgating an expense OF S3OoVu,
over 1000 shade trees have already
been PLANTED in this new residence sec
ton. and 5000 more are to he planted
in the early spring, IN idea OF the III
lure of Highland Park from park
standpoint may be had by comparing
the number of trees to DC piahten SSS
Dramatically in Highland Park and the
number OF trees now growing in Libcr-
ty park In the latter park. salt Lakes
most beautiful resort there are by ac-
tual count fewer than 1000 trees.
During the present year owing to
business activity the firm of kiinba'l N
Richards has more than doubled ITS
office force and has been compelled to
find larger quarters They now occu-
nv spacious quarters at 80 Main street.
"'rhey have done tremendous busl-
ness during this year. having sold hum
drcls Of building lots to homeseekerS
and to investors of moderate means
Mcssrs. IIimball & Richards are very
optimistic for 1911 and state that every
Indication points to Il successful year