The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-06
Situation Was Slightly
Mixed, but Good Bush
ness All the Same.
HIGH WATER MARK
IN WEST MONUMENT
Many Sales on the Broad Avenue.
West of the Boulevard-Plenty
of Money for Realty Invest /
ment-Views of Two Old 1
Stagers-Suburbs Do $
ing Well.

The real estate situation for the pass
week seems to have been little mixed. 81
Some OF the agents report tho week
dull: some say business was fairly
good. while few say II was yery 4
good. so far as they were concerned, vs.
ana all are optimistic and declare. the (.
general situation was never more en-
coura sinE. There is a plenty of money
Tor investment in good realty and
there are plenty of people who ara
ready. willing and anxious to invest,
for they all know that there is no
safer investment than desirably To-
Gated Richmond dirt, and there is no )
investment that is surer to bring a
proht sooner or later, later 1t may BIO
IN some cases, but as sure as fate, all I.
the same
I talked yesterday with ono of the
Oldest and most conservative among
the real estate agents. and in his auiet
way he said there was no scarcity of
money. IL II is wanted for investment
IN good Richmond realty. He rather
intimatcd that when thorc is talk
or scarce money that is the very time
1t is most plentiful for investment In
real estate in and around Richmond.
Uneastness In Wall street. uneasiness
IN washington. disappointment in
western investments and generally un- =
favorable conditions elsewhere may
Brighten money out of certain business
channels, and these things do that
very stunt, but it frightcns it right
into absolutely safe Investments, one
OF which is Richmond property.
a Real Casc In Point.
A Few minutes later I ran up with
another of the older and more con-
scrvntivc among the real estate agents.
told him what the other fellow had
said and asked what he thought about
It, Hc said tho other follow was
dead right. and added ITO prove it
viii give YOU a little experience: Wa
rccentlNs cold for an estate about SILL
600 worth of property. and it was pur.
chased. i'll parcels by ten different
persons, every one of whom paid cash.
except one who gave notes for ap-
proNimateiy '1,loo All of tho pur-
chasers had the right to settle by
paying onc-third cash: but one. only,
as said, exercised his privilege of
giving notes for two-thirds Of his pur-
chase money In view of this. can
any ono maintain that money is
scarce?"
incidentally. il may nc observed. tho
above remarks by two of the best
known real estate men in the city,
rather knocks out tho Wow that one
so often hears expressed OH the streets
that too much Of the real estate deal &
ing now going on in Richmond is pure
~ speculative. and so very much so
that little or no money changes hands
in tho transactions. tho average buyer
putting up very little cash. and float
ing paper for tho balance until he
makes turn. and then transfers tho.
burden OF paper to other shoulders IT
is, of course. true that there is a good
deal OF speculatica In which bankabla
paper cuts large iigure, but 1t is
absurd to charge that the most of the
real estate business of Richmond is
wild speculation. done OH paper. The
fact is, that there never was a time
whom thcre Was much inquity for
Richmond realty on the part Of bone
fide and permanent Investors.
Scattered Activity.
The activity of the past week, both az
to inquiry and as to business actually
done. was about in spots. Broad street
Is always active. and there was some
dealing and much inquiry for ground
on that thoroughfarc. / hear of no
largo sales that were actually closed
there. but two, which have been on the
string for quite little while, came very
near to dropping OF. and one of them,
involving about 100000. will almost
surely be consummated within the next
two days
avenue property was Very
active. and probably a little moro of
that was sold and traded for than any
Other one kind. Ii was especially
tive beyond the Boulevard and out
that he struck high water mark M
on far West Monument Avenue dirt,
close to Roseneath Road when he sold
a lot there for s13,5oJ $3.50 per
front foot.
Out about Wcsthampton, Westham
and College View there was consider
able business dono. and great deal
of inquiry for lots was heard all the
week In Barton Heights, Norwood
Ginter Park and Highland Park, and
all OF tho intervening territory. ac-
tvity and much inquiry arc reported.
On the south side OF the murky James,
fairly good business was done In small
ways. and in South Richmond there Is
much inquiry for business property.
on Washington Terrace moro than a
dozen lots were sold to people who pro-
pose to proceed at once to build homes 9.
for their own occupancy.
Few Agents Give Particulars.
j. Thompson Brown & Co. report
The sale of several Park Avenue dwell.
nCs for about $4,000. n Jefferson IN
street dwelling for sl,SO0. Sycamore
Street dwelling for $4,000. a Pine +,
street home for $4,000, Monument
Avenue lot near Roseneath Road for
$4,000, or s12o per front foot, and "
other properties agGregating $4,000. 50
he most OF which WAS purchased for Il
lctual use and occupancy.
Amos & Co. Qpc.), sold two Monu : d
nent Avenue lots west OF the Boule-
ard. one for $4,000 and one for
$4,000. They also sold a farm out 81, e 4
Ienrico County for $1,000. rsff
Gihbony K Nuckols sold Il 20 f{ect4 81 g
good ground on Kensington Avenue at
he Boulevard corner for very sat a. !. a ss
actory price, which, for reasons best aE
snown to the buyer, they decline 10 4 81
make public. They, also sold Ave fofx, ss sSs
n Lee Annex FOR H. w. GoodwyIE 81 !s;
Ind, for something ovcisss;a6
$4,000, fhis Indiana RensIcnaas