The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-07-30
REALTY MART
IS INF PROVING
Better Demand for Property
Encourages a Feeling of
Optimism.
RESIDENCE SECTIONS SHOW
A MARKED GROWTH
Weeks Good Business Causes
Local Dealers to Predict a
Good Season.

According 70 dealers, last week s
realty situation gave more cause TOT
encouragement than any similar Pc
riod during the summer season. UP un-
III about July 10 the real estate mar
ket maintained stagnant character,
such as is generally sure to go hand In
hand with hot weather and the vaca-
ton season. The previous financial
strineency was also felt, pulling down
the market to point much below an
ticipation. A slight cuange for the
better took place during the week end
ing July %, and an impetus was felt
due to the encouraging increase at-
tendant upon private and corporation
impYovem Transactions of
healthy character followed growing In
ouiries and prospects to show property
The forecast was good and during the
past week the same conditions pre-
vailed. :,
The most encouraging note soundeo
among realty men during the week
ending Yesterday emanated from the
fact that the demand for money was
noticeablv strong, with plentiful sup
ply to meet it at reasonably low rates.
Officials of the different realty firms
Of the city agree for the most part thht
this is the best possible indication at
this season.
Residence District improvements
While dealers report that the money
demand has been based on both contem-
plated improvements, improvements un;
der way and building schemes launched
privately as well as corporately, they
generally agree that the stronger de"
mand has been for improvements in the
growing residence additions extending
along the eastern benches and foothills,
from Thirteenth avenue to twelfth
South street In this respect the banks
have loaned out sums much in excess OF
those offered the previous week. Form
ing a parallel equally encouraging is
the report that the larger building So
cieties have been drawn on extensive
" for similar work.
During the week one real estate firm
alone easily secured over $4,000 at
low rate and upon less exacting
ratio Of valuation. for the sole purpose
of carrying on modern improvements Of
modest extent in one of the popular
subdivisions. Other firms report that
they were equally successful in secur-
ing money and private owners also met
an easier market.
This noticeable change in money de-
tive rates and security requirements,
has resulted in many transactions dur.
ing the week. While the sales have
been largely in residence properties,
activity has been felt in semi business
sections. Most firms report that out
of.town sales increased rapidly during
the week, bringing in good prices.
Many Sales In Addition.
Despite the holiday Tuesday opened
with stror demand to see property
of better values. The list Of pros
pective buyers was not only main
tanned, bat grew larger as the week
went on. Of these new prospects five
closed for new modern dwellings of the
higher priced bungalow type in High
land Park addition, The firm of Meeks
6 Mccartney report that a score or
more Of sales were closed in Douglas
park, one of the most popular sub
divisions In the city. The Goddard In.
vestment company also closed a number
of deals for choicer residence proper
ties, The increased business was also
felt IN such additions as Liberty
Heights, Morning5ide. University
Heights, Emerson Heights. Progress
Heights, College View Westminster
Heights, Elmer Heights and others.
AS was the case during the preced-
ing week, improvements either contem
plated or under way, by private own.
ers, corporations and the municipality
affected the realty market favorably
A general plan of Identification has
been launched by the city board OF
park commissioners; the council has al
ready authorized thousands of dollars
worth Of immediate improvements in
streets and sidewalks; realty firms are
vieing with each other to make theil
respective tracts the most attractive
many private owners have caught the
spirit and even the government has
now become interested in the proposed
magnificent park and boulevard drive
on the Fort Douglas military reserva
tiou.
City Spreading Out.
The issuance of building permits dur
ing recent months, coupled with tn,
history Of realty happenings, has dem
onstrated the marked tendency of tn,
city 70 spread out and include the new
additions. Outside portions Of the city
are growing up with rapidity, when tn,
season of the year is taken into con
sideration. The course shaped in th,
past, last weeks improvement and III,
general development above described
have imbued real estate men with con
siderable optimism, and foreeasted Al
unusually bright fall. While. no boon
has existed or seems in any way i'm
pending, realty dealers look for care
ful, conservative and profitable fall
With the beginning Of the harves
season, outside farmers have added con
siderably 10 the increased inquiry, II
this respect. eastern men have conspicu
ously figured. Many firms report de
eidedly encouraging demand from east
ern capital for locations on dry and ir
rigablc tracts close 20 the city Durinl
the week the Salt Lake Real Estate as
sociation entertained for one day be
tween forty and fifty Chicago real es
tate men, who were shown over the cit,
and through the most promising add
tions- Before leaving, these men ven
tured the opinion that in no city wher
they had visited during the summer ha.
they met with more activity or a NOR
promising outlook in the real estat
situation than here. Outside inquir
and comparison Of this kind have al
fected the market favorably Prices re
msined about the same during the week
but many claim that With the adven
~ the fall & yeuawad artfxi.,- "a.