The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-07-27
REAL ESTATE AND
BUILDING NE VS.
Records Of Rather Dull
Week, Showing Fairly
Good Aggregate.
RETICENT AGENTS;
THINGS ON AHEAD
All Depends on Conditions In
Banks, and Bankers Admit
That There Is Something
Doing Money Is Getting
Easier-Home Builders
in Limelight.

THE real estate business 1. show
'ns decided Improvement IN various
ways" So spoke real estate man 10
the man Of news yesterday, and when
he was asked 10 particular!ze some Of
those various ways" he went into an
elaborate explanation OF the causes of
the recent t!ghtncss IN the money
market the Influences that have led TO
tho loosenine up OF the banks and
the casing Of the money market. and
all that kind OF thing: all OF which
could be summed up IN a. paragraph.
but II given in full az this very eau
Aous and conservative real estate man
pointed II gu; 10 me. would FIJI two
columns. maybe more
The sum ana substance OF this In
terv!cw, as well as a half dozen
others held yesterday with as many
men engaged either In the real estate
or banking business is 70 the enec,
that money for legitimate Investment
In Richmond realty is obta!nAble The
bankers. however. are eth lttl. shy
OF the spectators. that liz. those who
are specuiators pure and simple
banker put the thing this way: "A
man whose credit IS : T. but has limit
l. speculative proposition In a certain
part OF the city that does not strike
us as favorable lie did not get the
money and being advised by US aban-
doned tine speculative idea Another
man with equally as limited resources
wanted loan TO build "a home on good
ground tina, ne had bought and paid
for He had no trouble In getting the
loan. You see the difference and catch
the idea don't Vou7'
All OF tina, simply means that all
OF this talk about the tightness Of the
money market has two sides 10 IL, and
ore or the sides - very encoura ging.
Good Times Ahead.
All OF the agencies are agreed that
there is a decided Improvement in the
real estate situation. and the rift in
the dark cloud that lowered last month
over the land is continuing TO get
broader, snd the eun Is getting brighter
and brighter
There IS much inquiry and much dis
position 10 invest. but the prospective
investors are n little more particular
than they used TO he.
The sales for the past week were
confined 10 the smaller transactions,
but in the aggregate they footed up
quite we'll Very few OF the agents
We're willing 20 so into details as to
their sales and particulars are. there
fore. few and far between.
w NJ Miller & Co. tell Of some
good sales as follows Hanove Ave-
nue. home, $3.50; FLOYD Avenue home
$1,000. Floyd Avenue home. $3.50
Fourth street store. $1,000; Main
Street store $500: Chafn Street
house. $1,000. two suburban homes for
$500; vacant lots in West End. $4,000;
two farms, one in Chesterfield. other
In Hanover, $4,000 Total. $50. 600, Six
lots in Highland Park Addition.
Garrett & Co. sold this week: Sixty
five acres on Broad street Road. for
$500; Floyd Avenue house, for $1,000
Floyd Avenue lot, for S3,o25; Hanover
Avenue lot for $4,000: subdivision
acreage. $4,000 Also n large tract
OF land in Southwest Virginia TO
Detroit syndicate, for about $4,000. in
which a creditable amount OF cash
changes hands, details OF which are
withheld for the present.
Cover & Smith had good week in
Laburnum Park sales They have dis
Eosed OF several lots TO parties who
are already planning TO build homes in
the near future. Despite the general
lots In the past ten weeks, and there
i, steady demand right along from
prospective home builders for these
properties
Rapid progress is being made to-
wards completion OF the sidewalks.
cutters, curbs and in laying water
nains; the city water will be turned
into the mains in about ten days. They
say builders are making good Roadway
with the handsome homes of Mr. Page
and Mr.. Lacy. on Wilmington Avenue,
Laburnum Park. They are in the Hill
Monument section.
j. d. Carneal & Son report their sales
for the week amounting TO $4,000. as
follows: Allen Avenue apartments. to
w. j. Gilman. $1,000; sixty feet on
Grove Avenue, to w. j. Gilman. $4,000.
a large business site to r. l.. Baine for
$4,000: tract on Boulevard to F. Il.
Hatcher. $1,000. and several houses in
jackson Ward.