Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-18

Despite the fact that the summer
season Is already far advanced, when
the business men OF the city almost
with one accord, HE away to the al
Turing seaside resorts and to the shady
places far out into the country while
thc less fortunate real estate agents
forget, to some extent. the bargain and
sale end of their business and concern
themselves more with their fall rent
ais, the local real estate market evil
denccd IA normal steadincss last week,
and the amount Involved in the
transactions overrcachcd tat OF the
week before by some $1,000. With the
week starting out poorly and holding
out little hope for the future. in view
of the facts already mentioned, the
final results of the weeks operations
were very gratifying To every one in
terested In the local market.
Monday was an unusually dull day.
but with the mercury going up by
leaps and bounds until il lacked little
OF bursting out Of its limitations, the
upward striving" tendency that is
usually apparent in the month OF July
In quarters other than the thermo-
meter began to be felt in the real
estate market. and Tuesday brought a
revival Of business that continued
throughout the week. Each day for
the NEXT succeeding two days outshonc
Its predecessor, reaching the maximum
~ TiuaS, "ncn the COmDlneu safes
showed an exchange Of s32.320.
AVERAGE SIZE OF SALES
NOT AS LARGE AS WEEK BEFORE
While the average sale of the week
just ended was not quito so large as
the average sale OF the week proceed
ing, 1t Is nevertheless true that a
larger proportion of the sales recorded
last week were for larger amounts
than was the case the week before.
The fact that no unusually large
amounts changed hands accounts for
the difference In the average sale. Not
n single sale during the week reached
five figures. but a majority OF them
perhaps ranged around $4,000, while
something like a third involved more
than this amount. The city's newly
annexed territory continues popular.
Henrico County property was more
than normally active during the week.
with decided tendency to suburba n
lots just without the city limits. Few
farms were sold, when compared with
the sales OF the preceding week, and
all of these were of small acreage.
The large farm, with Its hundreds of
acres OF untitled and nonproducing
land, iB becoming more and more UNI
popular, nad the tendency here, as
elsewhere. IL 10 tho small farm. made
TO yield greater profits than the large
one through the intensive method OF
farming. y majority OF the farms sold
ranged from ten to nifty acres.
The aggregate sales OF the week
recorded in the Chaucery and Hastings
Courts were $llg,!i6 4 gain of almost
$4,000 over the total amount OF tho
preceding week. The number of deeds
OF trust was much larger than Is
usually the case. the amount involved
overreaching that OF the week before
ny something over $4,000. Deeds Of
release cOrresponded with the others
both in number and in amount.
SOME GOOD nESIDENTIAI.
PROPERTY CHANGES HANDS
Among tho larger sales recorded
were the following: Ada Il. Ware sold
house and lot, 103 West street, with
IA frontage Of - feet 8 inches. to Marie
r. Mccarthy for $4,000. r. S. Gilman
transferred lots 4. and AZ, plan Of
West View, to Harvey c. Brown. Mt n
consideration OF $4,000. Maud II. Tins
ley sold her property, 800 North Eighth
Street, to Thomas A. Gebhardt for
$500. Emily Semple Valentine bought
r. home. 1920 Floyd Avenue. from Davis
Brothers, Inc: the Confederation is
understood to have been $4,000. The
Virginia Realty Corporation sold NJ. II.
Staples a two-story brick fiat and lot
fronting 30 feet on Mulberry street, l22
fact north OF Main Street, for $4,000.
w. r. Pierce bought property. fronting
100 feet on Hawthorn Avenue. 1877
feet north OF Westwood Avenue from
OF $500. b. ii. Melton sold +. T. AL