The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-07-23
LOCAL MARKET
GIVEN IMPETUS
Encouraging Increase Noted in
Inquiries Following I'M
provements.
ACTIVITY F0RECASTED
BY WEEKS TRANSACTIONS
Bench Property Is in Growing
Demand for Sites for
Residences.

Despite the discomforting effects Of the
hot weather which apparently affects
business in general as we'll as persons.
real estate dealers report that the local
market felt an impetus during the past
week, due to the encouraging increase
in inquiry attendant upon private and
corporation improvements. The previous
week was decidedly quiet one in realty
circles. However, at the beginning OF
last week inquiries began to come in
faster. with a growing list of prospects
to show property. while transactions Of
a healthy character increased, This
trend was maintained generally through
out the week. resulting in the first no
ticeabe impetus the market has felt for
several weeks.
While this does not mean that sales
have been exceptionally frequent or that
the week stood out unusually strong In
the local real estate world. dealers
shown healthy activities, when compared
with prevalent conditions in former
weeks. and when II is remembered that
the hot season invariably brings a lull
dent that a review OF the past week
forecasts more activity and a much
healthier market.
Bench Property Active.
As has been the case from the incep-
ton OF the summer season. the larger
portion of activities have been confined
10 the transfer, sale and rental Of resi-
dent properties, particularly those on the
benches surrounding the city, Pros
pective home owners are gradually COM
Ing to a realization OF the advantages
and natural attractions OF bench prop
critics as choice residence sites. and as
properties TO show them over the addi-
tions. This resulted In many sales be-
fore the close OF the week, Dealers re-
port that modern dwellings OF the more
either planned or under way for these
sites. and that more ready purchase cash
has been in evidence.
Transactions have noticeably increased,
firms; in the Highland Park, Liberty
Heights Morningsite. University Heights.
ton. Emerson Heights. Progress Heights;
College View. Westminster Heights and
Elmer Heights subdivisions, extending
along the eastern foothills from the north
TO the south In Douglas Park alone about
200 out of total OF 100 lots have been
sold during the last three months. which
summer season. The firm of Meeks
Mccartney report that prospective sales
are steadily increasing, especially In the
eastern section of the park subdivision
City Improvements Help.
improvements have been largely in
Progress continues rapidly in laying the
water mains through Douglas Park and
other subdivisions adjacent TO the pro-
posed new street car line down Fifteenth
East street. The extensions planned by
the traction company alone demonstrate
the upbulding and growth OF the out
side resident sections and have already
had their advantageous effect upon the
realty market
Architects also report Increased de-
mands for designs and plans for dwell
nf
type. The realization that the better
residence portions OF the city are spread
these outside sections are steadily grow
ing up and becoming populated with
good class Of citizens. has led the dealers
TO make broad improvements in all sec
tions. Private owners also, to keep on
parallel with the movement, have i'm
proved their holdings TO good advantage.
Such Improvement work. carried on pri-
yately and corporately., has had ten
dency 10 stimulate prices, which have
prevailed low for some time when COM
pared with the actual value Of the offer
ings and future opportunities,
While greater activities were located
In tho outside residence properties,
number of encouraging sales were effect
ed closer in and even including semi
business tracts or holdings With the
Improvement Of the financial world stead
lily going on, building In the business
newal of It's natural course, which has
also affected transactions in general. II
Is reported that the recent liquor cleo
iion temporarily postponed ~,any sales
that would otherwise have been made.
and which are now beginning to be con-
summaled, Realty dealers do not anticl-
pate that the coming munici~al election
Will affect the real estate business in
any way.
Outside Demand Increasing.
Tourist traffic, which is 'apidly in
creasinE. seems also to be fayorably af
fecting conditions. Dealers report that
many of tho visitors have added their
Inquiries to those of local prospective
BUYERS and that large parties have been
taken over the choice residence grounds
some OF them becoming good prospects.
Outside demand also increased showing
that eastern capital Is being drawn to
the attractive possibilities OF real estate
in this community Under the conditions
shown. realty men with almost one ac-
cord feel that the fall will be decidedly
active In both sales and building opera
tons. and are beginning to view the out
look with considerably more optimism
than heretofore
T,TN ~ mn