The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-09-07
SEE IMPROVEMENT
IN REALTY MARKET
PAST WEEK A LITTLE BETTER AND
AGENTS PREDICT GOOD
FALL BUSINESS
.-----------------
ACTIVITY IN SUBURBS
THREE NEW SUBDIVISIONS TO BE
PLACED ON THE MARKET THIS
wEEK--oSLY ONE BIG
SALE Is RECORDED
SALE Is RECORDED

The real estate situation did not
show much Improvement last week in
sofar as consequential transactions are
concerned. bat the men who keep In
close touch with things were more
optimistic yesterday than they have
been and profess TO see good times
ahead.
Colonel Leroy T Brown. OF J.
Thompson Brown & Co. said yester-
day: Il can see that the market is
recovering from the usual Midsummer
dizziness and that pretty soon all the
real estate men will be busy, The
past week has been an improvement
we nave been busy with loans and
/ leases and have made some fairly
good sales, and we are having many
i Inquiries now for property--some
/ from out Of town Outside people are
being attracted 10 Richmond by the
steady increase in values AS well AS
( the increasing prosperity of the city
/ 1 believe the coming week Will see
even greater improvement in real
estatc~-in fact. ! think the midsum-
mer duilness IS about over now"
No Cause for .tiarn.
Mi i Aa{DfIneT, OF lfaaP ~ 10. was
equally optimistic and sees ne cause
for alarm. THE situation Is improy-
ing right along" he said, II expect
u busy fall season. This enterpris-
ling firm sold the property at the
southeast corner of Nineteenth and
Franklin streets for SIS. oo0-whtch
was the largest sale recorded for the
week also made some smaller
transfers In that section.
Neither did Mr. Green. OF Green &
Redd, have any fault TO find with the
ioutlook. Things are looking up he
declared, land l freely predict busy
fall with the real estate men," MIR.
Green called attention to the fact that
a morning paper had erred In stat
Ing that Chantiliy, the suburban
property his firm Ia handling. would
not be taken In by the annexation
plan. The line adopted by the coun~
Gil committee will take IN the greater
part of the properly.
Three New Subdivisions.
No less than three new subdivisions
will he placed upon the market the
coming week-Roiand Park, Rose
Meath and North Richmond Terrace
and the agents SAY the prospects foI
rapidly disposing Of all OF the prop
critics was never better.
The Roseneath property. which Is
!, In the hands OF Gihhoney 4 NucholS
Inc, Just beyond Patterson road and
Park and Patterson avenues rur
through II. The streets have beer
graded. sidewalks laid and as it al
ready possesses all city conveniences
. such as gas water, sewerage and cleo
tric lights, and for either investmen
purposes or for home building thu
. property is very attractive. The cor
porate line Of the city now runs
through the property Just beyond tht
Patterson road There are only
. limited number of lots and the pros
poets are that these will be disposed
Iof the coming week. Mr.. Gibbone,
said yesterday that ho had inquirie
about the property from a number o
+ out of-town people. some coming from
/ as far South rs Memphis.
Roland Park.
Julian G. Anderson e. Co. are hand
ling the Roland Park property for tn
Roland Park Corporation, of which
1 w. NJ Anderson is president TIL
new subdivision comprises over thirt
acres, lying opposite Chamberlain
c Place, adjoining Ginter Park. and o.
d the Ciinter Park car line. The prop
$ erty has been divided into lots. street
cut through. sidewalks laid and othe
necessary improvements made. Lik
: tho Roseneath property. there ar
only a limited number of lots. an
e these will not be on the market Ions
All of these subdivisions Will b
!, taken into the city when the propose
"a launexation plan goes through. an
e thence both investors and home
seekers will be attracted to them.