Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-03
REAL ESTATE RECORD
AND COURT CALENDAR
Notwithstanding Holidays, Volume
of Business Exceeds Previous
Week.
TOTAL si42,o25.27
Brighter Outlook for Building Opera
tons. and Inquiries Indicate That
Small Farms Will BE in Demand
as Planting Time Approaches.


The volume of real estate business
transacted during the past week was
less than for the past several weeks.
was ereatST thcn In" ..'i nrcyio,,s week
ana compares tavcrHhly with business
Tor some time past The, pas, week
was not expected to furnish any start
ing deNe!opmeRts in the read estate
Inc. for the period between christmas
consensus Of opinion among the real
estate mon is That business is moving
TINS improvements will continue, and
with the opening Of spring will show Il
marked Increase over the past sew
eral months.
Tradine on the local market in the
past few days has developed several
mand continues to favor residential
porperty and suburban lots. the sales
vesiors. Wniic busincss conditioms
have improved considerably. there is
not, enough money lying around for
real estate SpcculUtdrs to step in ami
take a hand.
TRANSFERS ran WEEK
AGGREGATED Sii2.6:5.:.
For the week the transfers OF city
property reached grand total OF $li2,-
t25.21, ana with the deals that have
been made by the agents. but which
will be increased to 100000. This * Il
very conservative estimate for the
not large enough TO make public they
said. that viii easily aggregate this
amount. The lease deeds aggregate as
large 4 total as do The deeds of trust.
indicating that the movement of the
local market is along normal lines. AS
compared with the previous week the
transfers of city property that went to
record SHOW an increase OF S%2,doo.
174 Eds TeC h2y nrSf c MnrSn9"6e It
during the week The Union storage
Warehouse Company became the own
George Il. Ncwsom x Co. for Si0,000.
This was the largest single transaction
recorded.
BOULENAtD CORNER
HuiSGS GOOD PRICE
y valuable piece OF residential prop
crty at the northwest corner OF Monu-
sold to T.. H. Hobbs. OF Norfolk. by
John +. Sheppard. The lot fronts l57. 80
feet the consideratiom being given as
Stree, forty feet. two inches ut the
southeast corner of West Avenue and
Birch street, for $lo.oor, W. j. Gill
man sold yesterday TO John EaEby. u
lot fronting twcuty.t four feet. three
inches, OH the north side of Grove Ave
nue.. just west OF Cleveland street The
consideration named was $,.arn.
\ good sale was made on the south
side, Charles l. Page. special commits
soner, selling to the Union Securities
and Realty Corporation a lot fronting
1l5 feet on the north side of Hull
street for Sli,3I'; This property il
located between Second and Third
Streets, and within y block OF the
new freiEth station that is being erect
ed ON the Southsdc by the southern
FARM BUYERS WAITING
ron ItI:i'rE:R WEATHER.
There were few deals recorded in the
llenrico Circuit Court durinr"-tilr pa st
week. The total was only $S.1T5. The
transactions wer" all for suburban
property, not a large farm sal" going
to record. Farm property is in fair
demand but deals are not being closed.
Prospective buyers are holding OF for
ing time is stun sometime off i. \.
Connolly & Co. report the largest sale
OF farm property that WAS made dur
ing the past week. Negotiations were
concluded between them and Mrs Lii
liam WciSmcr, by which She became the
purchaser Of tn" old and we'll known
Jeffress farm in Prince Edward County.
No announcements WAS made Of the pur-
chase price. hut the property is under
. stood TO nave brought a good figure.
Figures which have been complied
show that the real estate business for
the year loli Went well above $lo.-
compared with the previous year this
is not regarded as excessive when the
conditions to which The country have
been subjected are considered
BEI"rEIt OUTLOOK FOR
BUILDING OPERATIONS
Building operations for the year
reached II total OF $3,3.l.5'l. which was
crease TaS. the natural result Of the
business depression that was felt in
this country ana the fact that the
month of December showed an incrcas So
of $4,000 over tie same month of 1919
indicates that building operations are
again reaching normal The prospect $
for this year are bright, AT the pres
cnt there arc a number OF large struc-
lures contemplated. Probably the
largest that viii he started shortly, So
il is reported, is The new apartment
house that viii he erected ~ the cor
ncr of Fifth and Grace Streets This
structure viii cost $50 coo. according
to the estimates of the architect. The
Richmond Lodge Of Elks is planning to
erect new home that viii cost $40
600. T. II. Melton Viii start work
shortly on I'll" erection Of eight brick
dwellings on the north side Of Flovd
Avenue, between nOolcy ana Crcushaw
Streets that viii cost S97 500 These
are only few of the many buildings
which are TO he erected tn the FIRST
month OF this year
Tac fire losses for the wear amounted
10 SfS9,704 co. ana were greater than
the previous year, but were no, re
garded as excessive for a city Of the
size OF Richmond
The latest ruling Of the Federal re
serve Board in regard 20 the amount
that n national bank can loan ON
real estate X regarded as having a good
effect on the real estate situation The
banks have nos known lust whn,
amount the act would allow TO Il,
loaned on realty. and tho ruling clears
this point and should help tn, ma X 81