The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-07-27
REAl>ESTATE IS
TAKING ON LIFE
MONEY LoOsENING Up AND PROS
Poets FOR RENEWAL OF
ACTIVITY GOOD,
MANY FARM. SALES
INTERESTING ANNOUNCEMENT TO
THE REAL ESTATE WORLD
BUSINESS BETTER THAN
FOR WEEKS PAST.

The real estate situation is picking
up appreciably-all the agents agree
on that point and therefore it stands
to reason that II 10 true. There were
no big local transfers reported. but
there was q general Quickening of
the market and raft OF small sales
around the city and suburbs.
The agents are all ready to ad-
init now that money is loosening up.
Quite a number OF them reported
considerable loans The borrower
has been ready and anxious for some
time, but the man who had the
money was cautious. Last week.
however. the moneyed men began to
look around for the borrowers. which
is a mighty good sign OF returning
activity. The lenders are a little bit
choice yet, demanding quarterly in
terest and gilt-edged property, but
probably in another week they'll be
more reasonable.
Many Farm Deals.
A noticeable feature OF the weeks
dealings was the amount of business
done by Richmond agents in farm
property. The biggest deal of this
nature was reported by Garrett & Co.
who sold an improved farm Of $4,000
acres in Craig county for $3.50 The
which, 1t is understood. will divide
the property into small afrms Fur
Their details are withheld for the pres
ent until the papers have finally
passed. The deal probably means
something in the way of the develop
ment of that county agriculturally.
Gibboney & Nuchols sold three
farms--one for $3.50 In King Will
sliam county: one on Broad street
road, which brought $4,000, and an
other near Fort Lee for $4,000. and
w. NJ. Miller q Co. sold two farms
one In Chesterfield and another In
Hanover. the two bringing $4,000.
A number of other sales OF small
farms was reported during the week.
Interesting Announcement.
An interesting announcement TO
tire real estate world was news that
r. A. Leake, Jr., formerly q salesman
with Gibboney a Nucho1s. Inc. who
has been connected with another
concern for several years, has again
connected himself with his frst love.
and Is now vice president OF the Glib
honey e. Nuchols firm Mr.. Leake liz
one Of the brightest and smartest
young men in the real estate bust
ness and the news that he has stepped
up higher In his chosen profession
viii DC nailed WIN pressure Dy MS
hosts Of friends
This ilrm. by the bye. has big
deal In downtown business property
on foot which is expected to be
closed the coming week.
Small business Picks Up.
There wAa a marked increase in the
amount Of smaller transactions and
1t really looks as II the midsummer
period OF dizziness had passed. Gar
| rett & Co. report the sale Of IS acres
| on the Broad street road for $500: a
Floyd avenue home which brought
$4,000; Floyd avenue lot for $3.-
OPS: Hanover avenue lot. $4,000
and a subdivision near a western
Virginia city which sold for $4,000
W. M. Miller & Co. sold two homes
on Floyd avenue. one for 5000 and
the other for $3.50; ono on Han
over avenue for $3.50: q small
Fourth street store for $4,000. two
suburban homes one In Highland
Park and tho other on the Petersburg
car line. the two aggregating $4,000;
vacant lots In the West End agEre-
eating $4,000: a Main street store for
$500 and six lots In Highland Park
Addition tho new subdivision they
are handling.
Altogether the outlook ID very much
brighter. Inquiries are good and the
prospects for a determined renewal
of activity all along the line 10 held
out by everybody who keeps in touch
with real estate.