The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-11
REAL SPRING WEATHER
BRACES REALTY MARKET
Activity In Richmond Real Estate In
Holding Up, and Indications Are
For Better Business.
VALUE OF DEALS is 100000
Cali For Loans Continues Strong and
Persons Having Money Appear
Ready TO Put 1t Into Realty In
vestments-Somc of the Deals.

d
The first week Of real spring wealth
er. mildly warm and with refreshing
breezes has appeared possessed OF
/ tonic for the Richmond real estate
market, and instead of the slack that
some had expected for the opening
Of April, business has held TO the
weekly average OF the last two and
O. half months. When the weather
becomes too warm there Is nat
ural slowing UP of business, and in
some years not so good for business
/ as the present has proved, the slow
! ing up has come in early April.
/ The active demand for the last
few weeks and the brisk trading In
/ the turning over Of property was
maintained through Che week just
ended and during the week deedK
| of bargain and sale going to record
! in the Chancery, Hastings and the
county courts have totaled in value,
approximately $500, 1000. Cali for
loans and supply of money have been
! good There are many borrowing
that they may make improvements
to their properties while the weather
! is seasonable. and there are plenty
OF people with money at hand to
invest in mortgage or other real e.
/ tate security.
| Money Seems Plentiful.
: The number OF release deeds nled
! for record during the last week shows
that the borrowers of earlier days
are finding money plentiful and they
( are emerging from their Indebted
ness All together 60 to show bust
ness at normal or better.
Though there was number OF
larger deals during the week in va
rious types of property, there has
| been a much larger number OF trans-
fers OF smaller properties. The as-
erage price, however, has been above
the average of that OF a similar PEI
riod in former years, indicating that
larger values are being taken off the
market and that the holdings are OF
greater value,
! Building activities, too. are loom
I ing larger than in months, and many
recent investors in land are goink
ahead with the opening OF the Weath-
er and negotiating with contractors
and builders for reside nces for occu~
pancy themselves or for rental pur-
poses Rentals are picking UP ana
demand for houses is larger tnan IN
months Many of the vacant dwell
, lings and apartments are being taken
now. despite the fact that the ap-
| proach of warmer weather usually
| produces a IaliInE OIL III iiuUASr
| Collections are better, and a num-
! Der OF realty men. especially those
who handle loans. report that num-
Der OF borrowers are calling upon
them making payments. either cur
failing or winding up the debts one
agency reports that in single day
not less than three who had nor-
4 rowed appeared at the oP're and
asked that arrangements be made to
more plentiful than in months, ana
even those who have been in the
class of borrowers are ready 10 be-
come providers of money for others
who need IL.
/ StzeabIc Farm Deals.
Trading Ia good. though the num-
Der Of deals that are swaps or prop
arty is not so large as it has been
at some other times. There ls com
parativeiy little professional trading.
another indication of the strength
and activity of the market.
Some larger farms have been trans
ferred at prices satisfactory to botn
buyer and seller. There have been
no sacrifices and there apparently IL
mo need for sacrifice at this time.
Among the larger farm deals OF re
cent days may be mentioned that IN
which 1s3 acres south of the South
ern Railway lines. about FOUR miles
east of Richmond, was sold by George
W. Benner to Louise E. Freeman for
s1e,40o. !
/ Among the larger trades OF the
week are those between Samuel Co.
hen on one side and W. III. jerks.
w. III. Davis aud G.. Fl. Archer on
| the other Cohen transferred to
jerks, Davis and Arthur 125 feet On
/ the south side of Franklin Street,
/ near west Street. and the three trans-
/ ferred to Cohen No ia North Eighth
Street. twenty-five feet four inches
at A. value of $4,000. Another tradA
/ was that between Julien Gum and
! Claude f. Sprenkie Gum transfer
( ring to Sprenkle 100 feet on tina
south side OF Main Street. near Elm
for $4,000. and Sprenkle to Gum the
brick dwellings at 2413-lo kenHns-
/ ton Avenue for $4,000.
Among larger Transfers
+, Larger realty transfers negouatsG
are: William II. White to Charles
| K. Willis. eight brick fatA on the
south side OF Marshall Street, be-
tween Thirty-third and Thirty-fourtn
Streets. for $4,000.
! Fairfax c. Jones to Cornelius J.
Luck, two-story brick dwelling. s5on
Hanover Avenue, sT.loo.
( A c. Terry to II. l." Terry, orsck
dwelling at GOA East Clay street,
/ sSc500.
Fritz VIII TO Fritz sitterding. bricE
fats at 50s-50sA North Fourth
Street. $1,000 '
John E. Etchison TO Berta W.
Smith. forty feet at the northwssc
corner OF Monument Avenue ann
| Robinson Street. $500.
w s street 10 Henry NJ Philips.
brick resdence, 2I2I Hanover Ave-
enue $500