The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-05-30
REAL ESTATE BUSINESS
REFLECTS GOOD TIMES
Greater Activity Than Anticipated
Has Satisfied Realty Men That
Summer Slump Is Delayed.
MANY NEW HOMES NEEDED
FOR CITY's NEWCOMERS
That Population Is Steadily Growing
and at Healthy Rate Is shown By
Building Operations and Pick-Up
In Rentals Business

Improved business conditions are
reflected in the activity manifested in
local real estate dealings which have
been numerouJ during the last week.
and in the continued building COM
structlon, which is large in volume for
this season of the year. With the
usual summer falling off in realty
activities near. real estate men are
expressing satisfaction at the results
of recent endeavors. Demand for all
kinds of city. suburban and farm
properties continues strong and in
quiry coming from various quarters
indicate that the summer inactivity
will delay its appearance for a time.
Many smaller deals and not a few
deals of medium size and a good mum.
Der of larger deals have been put
through within the last week and this
deeds going to record in the Cham
Gerry. Hastings and County Courts
total In value approximately 100000.
This is regarded as an unusually good
showing for this season and Is looked
upon as a sure sign of a general feel.
ing of property.
An undertone of dissatisfa ction
over conditions in nationl and inter-
national affairs has been detected in
some quarters. but this liz SO slight
as to be regarded by the average
realty man as negligible. The manner
in which the people having money are
investing it in good realty propositions
shows that the ground lis regarded
as one of the safest possible place for
fund. The money itself OF investment
in some other form may get away, but
land stays where it Is and, as the days
go by and the improvements accom-
panying progress are made. its worth
Is enhanced.
Recent Investments Paying.
There are in all parts of Richmond
and in the suburbs recently annexed
many evidences of the truth of the as
sertion that land offers opportunity
for the safest and best of Investments
The city's population Is growing,
II the number of new homes, new
dwellings. new apartments and other
new building operations may be lcok-
ed upon as an indication. Another in-
dication Is. In the fact that the rentals
business is better than in months.
When the depression came soma
months ago a large number of people
began to economic. and in economic
ing a number of houses were given up.
tenants either moving away from the
city or moving into less expensive
quarters. and in some cases doubling
UP in house with another family.
taking a few rooms or a floor of the
building
During the month of May now at
it's end. this being Sunday and tomor-
row a national holiday, there has
been great activity in the preparing
of homes for Richmond's people.
Many permits for dwellings, ranging
from those that may be erected at
modest cost to those more pretenticus.
Several apartment enterprises have
also been placed under way.
Building Work Active.
During the week just closed ape
plication has been made to Build
ing Inspector Butler by Matthias e.
Kayhoe, Jr.. who has filed plans for
eight two-story brick dwellings to be
erected in various places in the West
End. The total cost OF the new build.
ings Is estimate at nearly $4,000.
Among permits granted have been
those for four-story and basement
brick store AT 415 West Broad Street
to cost about $4,000: to Falk To-
bacco Company. for a two-story
brick warehouse ON Twenty-secon6
Street, between Main and Franklin.
to cost $4,000; Harvey C.. Brown, two
story brick dwelling, c225 Monument
Avenue, $4,000: ". ]. Gilman. two.
story brick dwelling on Grace street.,
near the Boulevard. $4,000: City ~
Richmond. brick park house In Chim-
borazo Park. $3.50, and b. n. Mel
ton. two-story brick dwelling on Park
Avenue. near Addison Street, $4,000.
Among the larger realty deals shown
in the recordation of papers at tha
courts during the week ore: Virginia
Realty & Construction Company 70
Charles K. Willis. brick dwelling. {
North Mulberry Street. on twenty
two-foot lot, $1,000: Frank A. JcneA
to Sanford Davis. two-story brick
dwelling on twenty-five and one-hAlf-
foot lot at 302i Floyd Avenue. So
500; II. r. Ezekiel to Meyer Green
tree. twenty-nine feet north side Of
Grace Street. near Addison Street. -
900; Harry 8. Nuckols to N. CourticA
Scott. twenty-five feet north sfde
Marshall Street near Madison. &8.90Os
J. A. Hoofnagie and wife. Ashland.
to L. Caplan. brick dwelling on tweA~
ty-four foot lot at 1929 Grove Ave-
nue., $500, and Mary NJ. Broadduo
to Ada NJ. Humphrey. 100 feet on tho
east side OF Brook Turnpike, near
Westwood Avenue. $500 III