The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-11

It Is little curious how tho real
estate business varies from week to
week. Last week WAS rather "a dull
period as compared with the week pre-
vious. and I asked well-nformed
agent for AN explanation. Here is
what he said in answer to a whole lot
of Hypothetical questions shot at him
in short order:
Il do not woi.dcr that you and other
people who do not thoroughly under
stand the real estate business cannot
take In what you may regard as the
ups and downs OF the trade You seem
to be amazed at an apparent slack
Gcss this week, following the last week
OF activity and large sales. and YOU
think II dull week. Well. from your
standpoint IL was dull, but from the
real estate mans viewpoint ii was any
thing else True our sales did not foot
UP near AZ much--in fact, less than half
of the previous wcek-but wo were
busy all the same. a heavy week in
sales is naturally followed by what you
regard as dull week. II takes us
several days of a week following big
sales to wind up the sales that were
made, get the deeds signed and re-
corded. the loans made. the cash pay
ments fixed and all that kind OF thing
attended to. In the meantime we are
holding would-bc purchasers off until
we can get these other things fixed up
according 10 law and in accordance
with good banking ideas. Don't you
gee that after a week OF many sales
there necessarily follows a mighty busy
week of settling up. Take IL from me-
this has been very busy week. not
in sales. but in winding up sales that
were made before this week dawned
and in the settling up Of which the
agents are more largely Interested, for
they do not get their commissions UNI
I'll after the settling up process II
anybody tells you this has been a dull
week don't you believe IL. for i assure
you II has been "A very busy one--busy
in the settling up eno-and that Is.
after all. the most important and the
very busiest end OF the business"
1 take 1t that my friend knew what
he was talking about, and | give his
views prominence because of my conf
dence in him. From his standpoint II
was indeed a busy week, but from the
viewpoint OF tile man who regards big
Gales as the only sign OF ii busy week.
II may be said that last week was
rather dull.
Rumors I'm the Air.
All of the agents admit making
few sales here and there. but / have
heard of but few large ones. True
there are rumors Of any number Of
big transactions that are still hang
ing on the string. but they have not
yet materlalized. and they are not re-
portable until they do materialize.
Charles Saclzcr bought from Davis
apartment houses on Floyd Avenue, and
paid for the same So. 800. The houses
bought were $50, 23l2. 23lS and 1920
Floyd Avenue
F. NJ Collier, of Church Hin. bought
from Pollard & I5agby handsome
residence OF Allen Avenue, between
Monument and Park Avenues for which
he paid $1,000 and proposes TO make
ii his residence in future.
Robinson & Phillips sold about $4,000
nrfh IF
on Pine Street. two stores in Jackson
Ward and two fats in Fulton
w. NJ. Miller 81 Go. tell of some good
sales of vacant West End property
near the Battle Abbey. amounting to
about $4,000
Richeson * Crutchfeld sold about
$4,000 worth Of dirt in various parts
of the older part OF the city but they
give no particulars.
j. Thompson Brown e Co report a
variety of small sales nggregatnG
$4,000 but they are reticent as to
where the property lies or who were
the buyers of the same.
c. a. Rose Company made the big sale
OF the week--that is. the biggest that
has come to light. They have closed
out deal by which they realized
$4,000 for the property II North Firth
Street. 1t is understood that this deal
has somewhat to do with the building
of a new hospital or the enlargement
of an old one. This firm also sold four
flats on North sixth Street for $4,000
and some fats in Jackson Ward for
$4,000
DoinSs In the Suburbs.
There was a good deal of activity in
the suburbs. The Greater Richmond
Realty Company continued their sales
in Monument Avenue Park until they
have very nearly sold out. Their total
sales SO far amount to 1923 lots, and
all within three weeks. Yesterday they
sold twenty-five lots. in the which is
included the old Chantilly home, and
it is understood that the buyers will
make Of it social clubhouse. 1T may
be that the real purchasers are some
OF the social clubs of the city.
w. NJ. Miller e Co. report several
large sales in the Highland Park ad-
dition. Since this firm has taken
charge of that properly they have been
making things move right along. This
addition is Il part of the delightful
suburb of Highland Park. being an ex-
tension of Fourth Avenue of that in
corporated town, and having all OF the
advantages of water. sewerage. lights.
etc, that Highland Park proper enjoys.
The remarkable fact is that all of the
buyers OF lots in this addition so far
are real home makers and not specu-
lators. and all Of them are making ar
rangements to build at once. Miller
& Co. have made all OF tho banking
arrangements necessary 10 help all lot
buyers to build.
Cover & Smith report An excellent
weeks business i'm Laburnum Park.
They disposed of nine lots i'm this
rnuch-tallted-of section. The work Of
putting down the sidewalks. curb and
cutters has started and will soon be
completed. and plans are being pre-
pared for some residences which are
to be constructed In the park
Inst IiffIe Jnpf.Iout
The annexation discussion, together
with tho absolute certainty. that an