The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-06-02
Season for Some Dull
ness in Realty Realms
Is at Hand.
REALTY EXCHANGE
BOUND TO COME
Main Street Property Not
Higher in Price Than Its Real
Value-Sales That Were
Small and We'll Scattered
Over City and in
the Suburbs.

Continued duliness These were
the words used by real estate man
when asked to the condition of tho
market for the past week. This
agents sales had been small. and he
measured the whole situation by the
transactions that bring in quick COM
missions. Another agent in giving his
opinion of the market used much
stronger language-language that is
never heard in the amen corner of
church. although this shouter fire.
quently snoozes in such corners on
Sundays. Well, it is the season for
dullness In the selling department. OF
every real estate agency There is no
dullness in the rental departments, and
there viii DO none this side OF Sep
TENDER /. There is no dullness IN the
suburbs, for They are visited every day
by people who are on the outlook for
home sites in the shades OF the outer
districts, but they are in no hurry to
buy-thcy arc just looking While the
suburbs have their hest clothes on:
there is no dullness among the agents
who have business sites for sale they
being busy enough showing investors
property and hanging deals on tho
string to be consummated al the sum-
mer or early fall leisure OF Interested
parties; there was no dizziness among
the auctioneers last week. for they
had most successful time in dispoa-
ing of property at auction. There We're
more than the usual number of auc-
ton sales and not piece of property
that was put under the hammer was
taken in during the week. This does
not look like very much dullness.
That Tenth and oIuin Deal.
quite hue and cry was made about
the sale of tho property at Tenth and
Main streets, and one of the papers
made a great splurec about its being
the highest price property ever bought
in Richmond. That was true enough,
but II is no higher price than the same
properly would have been brought
long ago ii 1t had been en- the market.
Indeed an agent told mo yesterday
that he had an out-oftown client who
wanted tho property. and he thinks
would have paid even a LITTLE more than
$4,000 for il II he could have had II
chance a 1t, but when this agent wrote
10 Paul Bargamin about i, the ncgo-
tiations were OH with w. L. Walters,
who later bought it, 90 there was noth-
ing doing. Property on either side of
Main Street at the corner or near the
corner of Tenth will bring Just as
much money tomorrow If il should
come on the market simply because it
is worth 1t as an inves tmcnt, but the
trouble is tho owners. knowing a good
thing when they see IL and when they
have il. will not sell. More than four
years ago the northwest corner prop
erty. directly opposite that which Mr..
Walters paid SSi,000 far could have
been sold for more than that amount.
The ground space is about the same.
and the building is not cui:c So good.
and nearly five years ago a spot cash
offer equally as large as that paid the
Demons was declined. True It was
good money paid for the property at
the southwest corner. bGi +; was in no
sense fancy price. ana nothing to ba
hurrahing about
Good Auction Sales.
The feature of last weeks tranc-
actions was the many successful auc-
ton sales Elan & Funston and y. w.
Rowe & Sons sold part OF the Hest
End vacant property OF tho estate OF
Otway S. Allen at satisfactory figures.
which figures give an idea OF the pres
ent West End values Monument Ave-
nue. lots sold at thic auction at S9pl per
front foot. Park Avenue lots at from
$50 to siio per foot loe5 about West
Main and Allen Avenue for $3.50 per
foot The total sales of these .AIlen
estate lots amounted t, $4,000.
G. l. e II. L. Denoon had several auc-
tion sales in various parts OF the city.
and obtained satisfactory bids al each
and ali of them other agents report
more than the usual success at auction
sales As q chaser 10 tns tHo S'VlnE
OF announcements for auction sales for
this week Is quite large.
Other Transactions.
The private sales We're rather snidu
all Of the week except that much-tulk
ed-of $4,000 deai At Tenth and Main.
and really that was made two or three
weeks go, i Thompson Brown &
Compsny had small sales aggregating
500. 600. AMOS Is PoindeHtcr showed up
two very good deals that footed up
$4,000 II S. Wailerstein made
through agents three sales OF Broad
street property and fifteen lots in
Woodland Heights, but he wlthholds
Ell particulars Pollard * Bagbv sold
the residence owned By y. j. Chewn-
ing at Ryland and Grace streets for
$500 w H. Harris was the prr-
chaser. This firm also sold foF it2lph
CONTINUED on Second PaEe.l