Omaha daily bee., 1915-12-19
MORE SALES MADE
OF BUSINESS LOTS
Development of Retail District
Shown by Building Permits and
Real Estate Transfers.
H1GH.CLAss HOUSES IN DEMAND


More business property changed
hands in Omaha during the year
1915 than in any one of a great
many years past, according TO the
best informed Of the real estate men
who have been in business in Omaha
for a substantial length OF time.
The development OF the retail dis
trlct is clearly shown by the building
permits and the real estate transfers
in that section OF the city. The sale
OF business property has by no means
been confined to the strictly down
town district. but transfers have
been active in many other business
localities OF the city.
In the way OF residence property e has
been high class residence property that
was most in demand this year. There
has been little demand for cheap prop
critics. The demand was largely in ad-
ditions where restrictions were predoml-
nant features, and where values we're
above $500 per lot and from that up TO
$500.
Old houses or cheap lots real estate
mon agree. have been a drug on the
market this year. On the other hand.
new houses have found ready sale
where reasonable terms could be made.
More InquirerH Become buyers.
fair idea of the condition Of real
estate business for the year, compared 70
last year. can be obtained" said, q. r.
Benson OF Hastings q Heyden, ''by max.
ing q review Of our own books. They
show that this year we have sold to 2,
per cent OF all persons that inquired fol
property. while last year we sold 70 only
Is per cent.
I'VE made twice as many GALES In No.
vember OF this year as we did IN No.
vember of last year. Weather conditions
should not be taken into consideration
because we had Just as fine weather
last year as We did this year. and the
big snow that came Just a year ago
compares favorably with the ono OF last
Thursday.
up until September Is this year, how.
ever, we had only three good Sunday
when people could feel like going out (,
look over property. The long. cold. rain!
summer did much TO hinder sales, bu
OBSERVATION-DISCLOSURES al Nnt unOehiFnDl
weather conditions. we feel that bust
ness conditions this year are much bet
ter than last
Good Rental Demand.
When asked about real estate condi
tons. Mr.. Benson said:
what can be said OF the sale OF new
houses Is also true OF the rental bust
ness. In looking over our rental list w
find but one desirable detached hous
for rent ! mean by this a house tina
IS new and modern in every respect
There are quite number of old houses
or partly modern houses, TO be had. bu
the rule has been that whenever we ha
neat bungalow or a desirable house 10
rent II has been rented almost immS
diateIy.
".rhe apartment house situation Is full
az good as IL was year ago. Our rent
list shows but very few apart 1ents Il
rent. when you take into confederate
the number OF apartment houses that hay
been built this year. II Is surprising ho'
quickly they have been filled. We hav
superintendent the construction OF a mum
Der OF these buildings. and In all case
where the building was finished by Oc
tober is every apartment was filled
Those that have been finished since this
time could not be expected to be rented
because people are usually settled befor
November for the winter However. Their
IA at the present time strong deman
for apartments. substantlatins the fac
that every year people become more paI
tlcular as TO their manner Of living, an
desire more complete and modern al
engagements In apartments, and appr'
ciate any new feature that Is embodle
In an apartment.
There IL only one conclusion 10 com
10. and that Is that Omaha Is CROWN
rapidly: that we or obtaining very dc
slrahie class OF citizens. as is shown b
the rental value OF the apartments.
"One thing that Is pleasing is this
there Is n great deal OF money comm
10 Omaha from the farmers and me
chants IN Nebraska and western low
Any number OF properties have been so
lately to out-of-town customers. shown
that non-residents look upon Oman
realty as a safe investment. and we b
lieve that 1915 will see a large influx I
capital from the territory contributary
Omaha"