The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-07-07
REALTY MARKET IS
IN GOOD CONDITION
Prices Are Steady and De-
mand for Homes and Lots
Is Growing.
MANY HOMES BUILDING
Demand for Modern Apart
ments in Choice City Loca-
tions Is Heavy.
MANY HOMES BUILDING

Though the week saw no exception
ally large deals in local property, the
real estate dealers report a continua-
tion of the general activity due to home
building and buying of suburban lots,
This, together with brisk inquiry
from out-of-town investors and home
seekers, furnished solid basis for sat
isfactory business All dealers agree
there is nothing in the present situa-
tion to complain Of.
Firms dealing in farm properties are
leading the van in the volume of busi-
ness done. The demand for suitable
agricultural land is greater than for
months past. with special preference
for close-lyiug tracts in easy access TO
the railroads and street car lines
Suburban Sells Good.
Suburban property continues ia
Norite among local investors All deal"
ers in this class of property report a
steady business during the week,
capped by the sale Of scores of lots.
Many of these transactions are made
with the view on the part OF the buyers
of building homes at once. Others pur-
chase in the spirit of investment.
Extraordinary building activity Is
having its effect on the general real
estate market An event Of Importance
in this line was the letting Of the con-
tract for he building Of a wing to tho
L. D. s hospital TO cost $4,000 ".
J. Tuddenham e. Sons, contractors,
were the successful bidders and are
already clearing the ground prepara-
tory 10 starting construction work.
Before the end of the month this un-
will ho In full frIr-
nishine work for hundreds of build
ing artisans
Monday P. J. Moran will break
ground at the university for the erec-
ton OF the new central building TO
cost 100000. The work will continue
throughout the summer, fall and win.
ter months.
Bargains Available.
An item that is beginning to enter
largely into the local real estate mar
kct is the listing for sale OF many
homes in choice parts of the city,
whose owners have built themselves
new homes. These offerings for the
most part are Of high class. Many
Of the houses are modern and sub
stantial and are selling at prices close
are being found on the market and
the result is the awakening of very
substantial line of business that is
pro6ting many dealers. The spirit be-
hind this condition is 10 be found in
the general popularity of homes in the
new suburban districts. Handsome
bungalows embodying All the latest
architectural achievements of the age
have become fashion among the mod
erately well-to-do class that has re-
suited in an abandonment of many of
the older dwellings. thus giving rise
TO new field Of trade on the mar
ket. or az least enlarging An old field
to marked degree.
Demand for Apartments.
apartment house properties continue
to hold prominent place Of interest
on the market. Several new apart
ments are under course OF construction
and plans for others are now in the
hands OF architects. Every advanta-
Ccous corner in the residence section is
the object of calculating glances from
those with money TO invest, and the
thought behind the calculations is
usually an apartment house
Suburban dealers are buying them.
selves with we'll directed improvements
on their properties. The planting of
shade trees, parking and installing of
sidewalks, cnrbs and cutters, continue
unabated. Ultimately these improve
ments mean that Salt Lake will have a
new residence section rivaling for
beauty any OF its Justly famous dis.
tricts Of the present day.
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