The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-08-08
SLUMP PASSES; REALTY
MARKET AGAIN ACTIVE
Peal Estate Men Put Away Fishing
Tackle and Unpack sacation
Clothes After Few Days
$4,000 SENT TO RECORD
Dull Summer Period Lasted Barely =
Week-Two Good Sized Trades ano
Scores of Smaller Sales Recoroeos
Prosperity Apparent.

Trading on the local realty market
was active all week, many small prop
erty deals being sent to record aions
with a few deals of good size, ana ths
total hung up by values OF rear es-
tate sent to record is close TO S@oV,-
600 The weeks business was the
largest since June, when couple Oh
unusually good weeks for the summer
season were had.
The present summer is the pest ttiae
real estate men have experienced IN
many years, the summer slump whtch
marks heavy falling off in sales being
absent much of the time. Inc sum-
MGR slump. which usually comes Win
The beginning of vacation time, ana
which holds as a rule, until ABOUT
the first of September, has been ap-
parent here during but one week TINS
season. That was week before ias,.
when the total value OF TRANSACTIONS
were slightly above the hundred tnoa-
sand dollar mark.
The comparatively dull week. Week
before last led a number OF dealers
in realty to begin to get out tfear
fishing tackles and pack their sum
mer resort clothes for Visit 10 Ice
beaches or to mountain streams. lnsy
believed that the summer slump nao
arrived at last, but some minds nave
changed and real estate men a-pIenty
are to be found on the job in Rien-
mond. That a sufficient number was
attending to business during the idss
week to make the week n most sa.is-
factory one is indicated in the ret rms
as the were put on the books In the
offices of the Chanccry, Hastings ana
County Courts
Money Seems Plentiful.
Much comfort is being being gotten
out of the fact that the great bulK
of the business done is in small lots
and in dwellings for home purposes
The general distribution of capital 10
apparent in the fact that small buyers
are on the market casting about for
suitable homes and for dwellings or .
size and type that will meet the de-
mauds OF those who seek reasonable
rents. Money is easier than 1t has
been In months and large NUMBER
of loans are being negotiated taat Inn
provements to property may be made.
The number Of mortgages that are
being taken up by those who have
been borrowers is slightly in excess OF
that of present borrowers. This -
another healthy indication. denoting
that prosperity is more generally feiE
now than in the past
The week was featured by only two
fairly large trades. One OF them
involved $4,000 and the other s2s.-
500. These transactions helped largely
In putting the total business for the
week into $200, 10000. In the larger
trade w ]. Gilman sold three brick
stores buildings at iS05-07-0s East
Broad Street to J. Stewart Jones for
$4,000. The three lots front sixty
feet Jones transferred to Gilman
$50 feet on the east side of the Bouie-
ward. between Main and Cary Streets.
FOR $4,000.
Other Large Deals.
The other deal was between Viz
ginia v. Bowers and Charles NJ. Rob-
inson. Virginia v. Bowers sold to
Robinson twenty-four feet on thu
north side OF Hanover Avenue, east
of Vine Street, for $500, and bought
from him the brick dwelling at 2901
Floyd Avenue, fronting sixty-five feet.
seven inches. for 100000.
Among other notable deals OF ths
week were:
Kenneth Cherry and wife to W.
Fred Richardson. roe Charmberlayne
Avenue, Ginter Park, 1eox250 feet.
400 feet west of Walton Avenue for
s12.500; Peyton r. Darlington to
Virginia Pythian Home, 7l5 West
Grace Street, forty-five feet front.
with brick dwelling. $f0.so0: Peter
Gonella to West Broad Street Realty
Corporation. five acres on south side
of Broad Street. about two miles west
of the city limits. $500: B. II. Melton
10 Thomas & Cross, brick dwelling at
5000 Floyd Avenue, $3.50: r. E. Pey-
ton to G. Denoon, 200 feet at the
northeast corner OF Taylor and Bel
mont Avenues. $4,000: 3. w. Sho-
walter TO Annie Dobbins. fifty feet on
north side of Graham Road, west of
Miller Avenue. $4,000: A. Steger to
Helen D. Anderson. thirty-four feet,
eight inches. north side Stuart Road.
near Fendall Avenue, $4,000.