The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-10-09
SURVEY Of REAL
ESTATE ACTIVITY
Values Enhance, Rental Houses Are
Scarce and Building Opera
tiOnS Numerous

scarce an0 buliulng UpoId-
tiOnS Numerous
AIlARIN 100 first class modrrD
hardwood finished dwellings ARE
under construction at this very min
ute In Oklahoma City; yncmt town
lots have risen In vuuc, especially Ia
the northwest section between lnlycr.
sty station and Fortlrth street, from
IL t. ~ per cent within the last 80
duy~ houses that three months ago
were bringing $4,000 are now selling
for $500 aud $4,000 not Il desirable
rental property X vacant In any paIt
" the ttty and only II few of the mde.
srnhe ones are without tenants, rents
hay" risen about ~ per cent In the
three months Just past
Such IL the present condition of Ok
lahoma city real estate, as CLEANED
from statements Of prominent real es
tate firms IN the last few days. Also
the building permits taken out In the
first nine months Of the present yeaI
total more than SlOO0OO more than IL
1914 the capitol building not In
rIudcd while the present total cN
coed, by over $4OOOOO that Of 1913
And vet oklahoma city real estate
!. not "boumiug' Not man familiar
with local financial and land coudi
lion, viii tell one that The rise is,
according 10 the courcn,u~ NJ opinion,
merely the result ~ the widespread
nniiunnl awakening from the financial
slulh resulting from the first purulyl
ing realization of the Nastnrss and
probable seriousness Of the European
war Then. too, oklahoma crops have
never been greater In the history ~
the state, aud since oklahoma CITY IN
the center Of the state, great agri
cultural system, whHt + more natural
than that the money stream fIOaing
iu This direction should improve local
conditions, perhup- fnr greater thHr
iu surrounding cities aud state,
W. ". Miller's Opinion
Following Is II statement 10y W "
Miller ~ the Miller Real Estate com
muy, American National Bank build.
Ing:
Things are more active here than
for years; there Is steady tendency
upward People who wish 10 buy real
estate for Investment and for homes
nt bottom prices, had better buy now,
for prices will continue 10 70 skyvard.
As an example, In the last w DAYS one
uf my pieces Of real estate has ad.
vnnced IL per cent. The owner would
give no reason for the rise, except that
II WIS worth more now than two
months ago. Vacant lots In the north.
west part of town have advanced about
~ IL per cent In the last four or five
months; and i believe this al impOr
tat statement have sold more real
estate In the last % days than n
the lust three years"
~ w sN'tNbH OWInhhtN
N Il Nelson, NJ Nelson witt Com
pany Majestic building.
We have just started 5000 resi-
icncp un Forty fourth and Classen
We find thar things are coming M
and changing decidedly for the better
Comment Of :. &. Bennett
/ ;. G.. Bennett, N the Cla>sen com
/ pnny, Terminal building:
/ In the last three months there Ina.
hccn more activity In real estate thar
nj any time In the same period In tn
last three renrs. In the last moutl
moreh uilding has been In progrrs, IL
the city than nj any time since 1910
Nnd the buildings all are of superior
modern architecture and construction
They are uptodatc. aud built tu NEE
lhr requirements NJ huSlnes, men
Tile ClnsScI company has sold man,
rHrnnt lots lnlclv aud the demand fo
them iS on the Increase. There m
very few desirable rental propcrtle.
vacant IN the clty."
W '. Grove, Advice
w. V. Groves, u Y. II. Gnmaud an,
company, Lee building:
There nrc no vacant houses I'm IN
city at present or, at least any dc
Nirablc ones, and the demand Tor rem
! tai property has caused the prrsen
building Increase II IL true that mucl
property IS still for sale In Oklahom
N1ty hut II IL owned exclusively h.
people who are deeply In debt, who mr.
forced 10 the wal aud must pay thei
bills no property owner free from del,
would even think Of selling now Rel
thk have Increased from * ~ 30 pe
cent In the lust three months"
w. ID. Chandler Oh Building
Our firm Is doing much more build
ins than at any time In many mouth
On one of the last DAYS In Scplembe
alone we took out t8AOOO worth q
building permits. In our new nddito
nj Thlrtyfunrth aud Clnssen. thcr
are three solid blocks of houses rithe
under construction or FOR which m
Foundations have been laid or plan
drawn Many " the houses were sol
before they were started; practical
oil were sold before tho plaster wa
laid. In the northwest terrltor,
around Belle Isle property values hay
Increased - per cent In the last 0
days, All the homes under constru,
tlon are modern In every respect III
) ishcd In oak and storm sheetcd In N
manner OF the northern bungalow
] And people are paying cash for N
! honAes, there Is no demand for term
believe Oklahoma city X comm
hack with rush, not AZ result ,
a ! NNRs a.