The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-07-19
REAL ESTATE FIELD
LARGER; BRIGHTER
ANNExArIoN's EFFECTS ALREADY
BEING FELT IN LOCAL
MARKET.
RATHER DULL WEEK
INACTIVITY NOT so GREAT AS In
PRECEDING SUMMERS. AND Is
BREAKING UNDER SHARP
INQUIRY.
RATHER DULL WEEK

While there is not great deal OF
actual selling on the real estate mar
ket locally there are continued In
dications OF great business in the
later summer and earlier fall. In
quiry is sharp ana many good pros
positions are under consideration In
several quarters. The selling during
the week was medium and the bits
Of realty that traded were of about
the average size.
This is the summer time. the duh
season, and realty men of experience
are expressing satisfaction at the
moderate activity that is holding
There have been times in previous
summer months, 1t is being stated.
that rents and expenses could have
been saved by closing up offices and
going to seashore or mountains. but
this s1mme. things are better.
While the duli season holds. 1t II
not so dun as 1t might he. and numer-
Gus prospective home buyers are In
the market.
Toward New Territory.
The tendency appears to be toward
the new city territory, that which Will
he made a part of Richmond and Will
have all the eonvenieuces as soon a.
the city can put them in. In the new
territory. that lying within the limita
of the greater city when annexation
s operative. many lots have been sold.
These are moderately priced and as
a result the total amounts involved
fall short of the totals on sales weekly
during the more active season,
- 4trrrrrxrtfur II Htreauy having fts
effects felt From all sections OF the
territory now outside the city line,
real estate men are having Inquiries
and are making sales South Rich
mond territory, west end territory ana
that to the east and north OF fnG8
present limits are active sections on
the local realty maps. Where deals
were NOT closed last week. prospects
are excellent for closing during the
next week or SO.
/ In one addition alone last week
some twenty lots were sold for home
building purposes, and number o.
other sales in small blocks were made
TO persons who look upon their pur-
chases AS likely TO turn over good
profit later on.
Some Good Sales.
One concern reported the sale OF =
large home on Church Hin and ans
other I'm the west end. This concern.
like others who do considerable loans
businesses stated that the demand for
loans Is being maintained. Tnese
loans II Is reported are FOR Improves
ments OF property.
The contractors and builders have
been kept fairly busy all the sprine
and summer The hot weather ana
the so-called Oppression Of business
has appeared to have little or no ef-
feet upon building activity One con-
tractor alone has erected more than
thirty residences since spring. Others
report business almost as good.
The fall moving day, September n
will he a fairly large one, II now Ap.
peers In many of the offices Of
rs7N-al agencies. leases are being signed
fs.v September l by persons now oc-
cupying other premises. The percen.
ta.se Of persons who will change places
Of residence, however. Is not so large
as in former years. Many of tho
renters are newcomers TO the city,
showing Richmond is maintaining .
steady growth in population, to sup
tlement that growth which comes
with the added thousands through
annexation.