The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-30
REALTY MARKET
REMAINS STEADY
Building Activity Also Is Hold
ing Its Own Remarkably
Well.
SUBURBAN PROPERTY
is IN STRONG DEMAND
Considerable Outside Money
Finding Investment in
the City.

Salt Lake s realty market has been
steady in the last week as far as
values go, but trading has been dull,
and transactions involving large sums
OF money have not been frequent. This
condition of the market is not due TO
any particular change in the general
business activity of the community.
According to realty dealers, the week
has been no different from other weeks
when business simply failed TO ma
terialize. Even at that. there have been
deals closed that looked almost impossi-
BILE several weeks ago. Probably the
best feature of the realty market for
the week has been the gradual ten
dency OF men Of moderate means, with
steady and assured incomes. TO invest
In homes. either already built or in the
way of contracting for a house fully
complete from some building concern.
AS a co-partrer with the realty bust
ness, building activity has held Its own.
1t is urged that the present activity
along the lines of construction work of
all kinds is of considerable consequence
in Salt Lake. One dealer took this
view OF the present situation:
ouDpOScI Sult Ut. YOU sup tNNIO
building project in the city right now.
Let this condition prevail for say a
week or two weeks, and then come TO
me and ask if everything is dead or If
there is really any activity in the realty
business.
Much Work Going On.
"There is more work going on i'll
the city right now of permanent
structural nature than in many months,
But yon say that ism I real estate busi-
ness. 1t is contributing as much to
holding steady market for real es-
tate in salt Lake as any other one
element. Let the construction work
cease in Salt Lake. and | sny the realty
first. but, in all probability. more scri-
ously than any other business in the
city. \ considerable part of the money
being distributed in the city now for
building work is turned right into real
estate. 1t all works out in the end.
Salt Lake will be a city of homes owned
by the people who live in them in few
wears. Right now this is the one big
feature Of its realty trade. II is hav.
ing It's inning Just as the skyscraper
era came to lis"
From sources where measurabiy fair
means are afforded to secure informa-
tion, there is indication of people COM
ing into Salt Lake While there also
is movement outward bound. 1T is be-
lieved by those trying to keep a check
on the matter, that there is gradual
crnTth in population from outside ter
ritory. There are different ways to-
get p check on this important question.
Different authorities do not agree on
the matter but taking all into consid
Grafton. it seems fair to say that the
number coming in at this time exceeds
the number leaving the city perma-
nentlv. While the realty trade may
not notice any appreciable difference
as result of this conclusion, there
must come some direct manifestation
by the end of the year in additional
realty sales.
Suburban Property Strong.
Suburban property has been strong
on the market for the week. Mumer.
ous sales are reported by firms making
a speciality OF this kind of property.
Buyers OF this class Of property
mostly expect to build homes. but 1t is
contended by some of these purchasers
that the suburban properties now ON
the market offer good opportunity for
investment. as it IS generally conceded
that suburban property in Salt Lake
will increase III value wear by year.
Promoters of these additions do not
bind buyers to build homes, but, as far
as possible thew arc seckin1 out Deo-