Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
REAL ESTATE |AEENN
IRE OPTIMISTIC
PAST YEAR REMARKABLE ONE
FOR INCREASE IN REAL ESTATE
VALUES.
CONDITIONS BEST IN
TWENTY-FIVE YEARS

Another Firm-Future Of City Bright
-Expressions Of Real Estate Men on
Future Prospects.
In the opinion of real estate dealers
Of Marshalltown the past year has been
remarkable one for the increase Of
realty values and the increased demand
for houses to buy and rent. A most
healthy condition prevails. according TO
leading realty dealers, and there are
few available houses to rent at the
present time.
There has been q ready market for
good houses thruout the year and high
er prices have been the rule in such
transactions. Families coming to the
city have 1t is said, found rentals here
as low or lower than in other cities and
towns Of Iowa, altho values in this city
as compared to those Of other cities
have been high.
comprehensive review Of the realty
situation has been made, the dealers II
real estate being called On for state
nlents as to conditions during the past
year and as to the prospects for the
year to come. The dealers seem pretty
well agreed on several points:
Values are higher than ever before.
There is a ready market for medium
and higher priced property.
Practically every house in the city
is occupied
There is a demand for cheaper ard
medium priced houses to rent.
Marshalltown is in the most healthy
condition of its entire history.
Indications are that business in 1919
will equal. if not excel, that of the
year OF 1870.
Best In Twenty-Five Years.
H j. Allard, who has long been en-
gagged in the real estate business in this
city, says: There has been a marked
increase in values in the city the past
year. City property was never so we'll
filed up as today nor never was the
city in such a healthy condition from
realty standpoint. Property has been
on the rise turnout the year. I have
been in Marshalltown twenty five
years and conditions are the best
have seen in that time. Houses built
in the last five or six years have been
larger and more substantial, but there
is demand constantly for houses
-aich will rent at cheaper figures. We
could rent many cheaper houses if we
had them.
However. rents are not excessive as
compared with other Iowa cities and
towns Families coming here from
Cedar Rapids, Waterloo. Fort Dodge
and other cities find rents here as
cheap or cheaper than in those cities,
and express themselves as finding the
vantages 10 Dc considered in rent
ing in Marshalltown. In most sections
of the city the renter gets the advan-
tage Of paved streets, and all have the
best Of electric light service. city water
and the best fire protection in the state
Residents Of Marshal!town have ad-
vantages equal to any city in Iowa and
superior to many cities, and that is 70
be considered by the man who Is seek
ing a home for his family"
City Property Highest in Years.
French & Turner express optimism in
reviewing the past year from the view :
point Of real estate dealers Every
thing Is occupied" said Mr.. French.
and the city Is in a most healthy con :
dition. City property is bringing higher
prices than ever before, rea' estate
sales are better and property is bring
ing more money. There has been a
ready market thruout the year. There
is a constant demand for more n7edi-
UNI priced house. We could rent any
number Of modern houses at from 500
to s22, or could find a ready sale for
such houses. There is money for the
investor who will build houses Of this
class either to sell or rent"
Future Bright. Says Lyon.
George NJ Lyon, in speaking Of the
situation in Marshalltown, said: Sales
Of real property have been better in the
last year than for several years previ-
ous because prices have been better
and all desirable property has an up
ward tendency in prices; yet property
Is still too low to sell. While 1t may
seem strange to some people, stu It Is
a fact, that real estate does not sell sc
readily when II is low as 1t does wher
it is held for al 4 IS worth There Is
reason why prices in city property
have been low for several years The
craze for farming land and many max
ing settlements on land where the!
had overbought, caused them to offel
their city property for less than It va:
worth and that naturally reduced TIL
price Of all city property. You vii
observe that when land is high city
property Is low but when land price,
come to a standstill and sales are SLOW
then city property begins to advance
IN price.
1.-THE progressive spirit which IS nov
progressing in Marshalltown is causing
property owners to paint and repair
their properties. The new paving ant
promise Of extension of street car lines
and the general cleaning UP Of the cit.
in the past year have all combined t
cause the people to have pride in tn
city and make them feel that there il
n greater value in their property, 81
nr:ces are naturally advancing and will
be much higher in the near future.
There has been great scarcity 0
property for rent and many have beel
coplpelled to buy in order to have
place to live. Many nonresident own
ers of property will not keep thei
property in a habitahle condition, s
MANY are compelled to rent houses tina
arc neither comfortable or sanitary.
MANY make money in cheap LAND
mt right here in MarsnalltOwn is
netter and surer investment. by buyin
iots from $500 to $500 and erectin
dwellings at cost of from $1,000 t
50 40 and renting them from SIS to 50
per month, or better yet as an invest
a-oot fIafc house