Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-05-27
REAL ESTATE MARKET ACTIVE
DESPITE BUSINESS DEPRESSION

It speaks well for business conditions In
Hendersonyille that in spite of the sudden
depression throughout the whole country
last summer and fall, following the outbreak
of the great world-war there was but
slight falling off in local real estate activity.
When one considers the extent Of the dis
turbance in business circles, In the South
particularly, one is. highly gratifed to learn
that local conditions Justify the greatest OPP
timism on the part of property holders IN
and about Henders0nyille. The 6 bottom
did not drop out of the local rket. by any
means, and while there have been not so
many deals in real estate hefeaboJ1ts within
the past few months as In some previous
years. the conditions are nearly if not quite
up to the average for this section. In speak
ing of local conditions Frank A Ewbank
said:
'tThere is every reason to feel satisfied
with the real estate market in Henderson,
vile and Henderson county during the past
few months. 1t was generally expected thai
a period of great depression would follow
the outbreak of the European war, but I
venture to say that we have felt the wave OF
financial depression appreciably less than
many communities that boast of much activ-
ity in real estate circles. There have not
last August, but business is beginning to get
back to the normal state as the year adj
vances. Property is not selling for less than
it. should, and everyone with real estate to
dispose of seems disposed to hold it until
conditions get back to the normal. Under
these circumstances I think we have every
reason to feel satisfied with local real estate
conditions. - -.
Other real estate men who have been ask
ed for an expression of opinion have said
about the same things, In substance.
Among the larger deals that have taken
place since this time last year In Henderson
vile may be mentioned the purchase Of the
Robertson place for Fassifern School for
Girls, deal involving an outlay of more
than $4,000; the purchase and Improvement
of the site of the Blue Ridge School for
Bows; the sale ef the, Wheeler hotel proper
ty to G. r. FOCUS; the transfer of the st.
John hotel property; the sale Of Kanuga
Lake club property and many other deals OF
lesser Importance. Considerable activity IN
farming lands has been shown recently, in
the county. Among the deals may be noted
the sale of the August Smith farm, for $15,-
900; the sale of the Liden place; the sale of
the Frager farm; the sale Of the Ewbank
farm; all involving thousands of dollars.
In the matter Of renting homes for the
summer season, there has been little If any
difference noted between the demand this
year and that of former years. Prices are
just as good and the number rented is fully
up to the average at this time of the year.
The fact is, the feeling of apprehension that
prevailed here some time ago concerning
the coming season has about passed away
III appears now that conditions VIII not be
far from normal, if one may Judge by the
number of houses already rented and the
continually increasing number of inquiries
being received by local real estate men
Hendersonville feels that it is equipped to
take care of itself In the matter of accom-.
modating large numbers of visitors this
summer, and there is a general spirit of op
fimism prevailing