The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-02
REALTY MARKET
IS HOLDING OWN
Dealers Generally Are Well
Pleased With Present
Indications.
STREET CAR SERVICE
CUTS BIG FIGURE
Work of undermining Old
Buildings Also Important
Item.


encouraging signs for the week More
especially in the announcement OF
building for the spring and summer has
the realty trade found reason to take
on greater activity In the last week
more real activity has been apparent
than in any two or three weeks since
the beginning of the year. Added to
this has come reports from all parts OF
tho state of increased sales in farm
lands. filings on dry farm and desert
land. As all these %cnerai spring IN
dications Of heavy business for the
year affect the market OF Salt Lake
property directly through the people
who are Interested in various propose
tiens over the state, it is readily seen
that there is general uphft III realty
circles.
There is no other business moro
sharply affected by weather conditions
than The real estate business, Most rear
estate dealers carry weather barome'
ter as ii were in their minds and their
buoyancy is affected corresponilngly.
For the past week il has been impossi-
bic TO find Il Salt Lake real estate
dealer other than enthusiastic As one
expressed il, of Il real estate man
can't sell property this kind OF weather
il never will be sold.
Car Service Feature.
Among number Of dealers it is held
that the greatest real boom that can
come is general activity ia street ear
service. This is made plain. they say,
in the nature OF the Inquiries. y rca'
son given why this condition exists Is
that right now there is on i'll earnest
Il movement 10 buy building lots away
from the business section of the city.
more especially in newly opened sub
urban properties Few il any inquiries
are fled that do not carry the matter
OF transportation with them. 8 How
about ear service is an inquiry nj
wavs made. II is argued with telling
effect by some of the most active auh
prominent realty firms in the city that
upon two conditions rests the real
growth of the city through real es,at"
oI-rations and they are more street car
service and an extension of public im-
proverients.
An instance is pointed ont in the
case of the northeast bench. In this
Part of the city are number OF subur-
ban homcsite projects and in listing IN
qnires and showing lots the question
cf ca: service becomes n regular Tea
turc.
Suburban homesite tracts have been
in the limcight the past week and
numbers of sales are reported. Accord
ing to many of the purchasers OF these
lots there will be more or less building
during the summer and fall. Plans a"e
making for modern homes in these see
lions. which according to the building
restrictions imposed will cost from
$2500 10 $4,000.
Business Property Strong.
Business property has been strong on
the inquiry list Several large firms
report that for the month of March
there has been more calls for vacant
business property and improved busl-
ness property than in any TWO or three
months il the last year.
In all sales of the pas week the
market has shown an upward tendency
Prices on all classes of city property
have shown no indications Of decreas-
ing and in some cnses better prices have
obtained than were placed on the prop
erty several months ago, Single or
double building lots in the built-up sec
tions OF the city have been stronger on
the market than usual. Dealers say
sales of building lots on the best resi-
dence streets Of the city in parts es-
tablishcd for years as residence sec
tions point to certain building opera
tions
is the tendency to remodel and improve
residence property. AT first glance, says
one dealer, this might appear as Il
small item. but when 1T is taken into
consideration that in every section of
the city the improvement fever has ia
ken hold, ii must mean much to the
general appearance of property as we'll
as means of increasing property val
ues. All indications point TO a steady
year for builders and contractors in the
improvement work.
Main street business property, as
well as business property on the cross
streets, to meet the requirements of
new tenants. is required to be modern
lied, While there has been no great
change in rental values and prices
there is apparent tendency TO a will
]Ingness to pay a little more for a mod
ern store room, location being equal
than for some Of the rooms unimproved
at n less rental consideration. This
is the same condition that prevails in
the residence section and one according
to business men that is doing a great
denl to attract attention 10 the general
improved looks of Salt Lake homes and
business houses.
Remarks dropped in the last month
by tourists who have been swarminp TO
the city bear out the argument that
this is helpful sign, Activity in i'm.
proving and remodeIing will be no
small part of the aggregate of the
building and real estate business of the
year Is the view held by. the realty
dealers.