The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-08-01
SUMMER SLUMP HERE;
REALTY MARKET Dull
Volume of Business Shown by Entry
of Papers to Record Falls Below
Last Several Weeks.
SMALL PROPERTIES IN DEMAND
Many Home-Seekers Are Providing
Themselves with Houses and Lots.
Building Operations VIII Be Larger
In FalI--Rentals Good.

Though It was delayed in Its ar.
rival several weeks. the summer
slump seems 10 have reached the
Richmond real estate market, TOT
during the week just ended the total
value OF properties transferred -
shown by their entry to record In the
courts, dropped well below the aver.
age summer weeks figure.
The week, however, was fairly ac-
tive, the number of deeds going to
record being almost up to the averages
number. The bulk of the trading APP
peared to be in smaller properties ana
the total value, as a result. siumpeo.
Real estate men. on the whole, ara
satisfied with the showing. as duii<
ness had been expected Tor soma
weeks past, and because OF the 1act
that dizziness did not hit the maskes
earlier they are looking for q shors
small Property In Demand.
+ Demand for home property is COM
tinued by those who appear 70 ma
money more plentiful than In former
summers, and many of the smaller
sales were those of property to homes
seekers.
Rentals continue to run well, ana
ing for rent placards, and which
will be let with possession September
/, prices are being maintained by thu
larger demand. There will be con-
siderable moving on September !. Ac-
cording to present indications. and
large number of those taking houses
will be among the newcomers who are
arriving in the city from other points,
brought here by the revival OF indus
d., ~
Capital seems plentiful. ana q larger
number of loans. evidenced by deeds
of trust going to record is being made.
Those who have been borrowers ars
finding money freely enough to take
up mortgages and secure deeds OF r.
lease. The number of deeds OF trust
and of release deeds recorded during
the week are about equal and there =
little difference either way In the matt
ter OF total value.
Building Operations Active.
Building operations throughout tAo
city are holding up we'll. Though the
report of Building Inspector Butler.
for the month of July. shows there
was a falling off in the estimated cost
of new work authorized last month -
compared with July. 1914. the volume
of new building compares favorably
with that of other cities. Indications.
from the number OF projects being
framed up by architects and by those
who contemplate operations in tho
late summer and early fall, are that
there will be largely increased ac-
tivtty during the remaining months Of
the year.
A deal put through during tbs
week rejecting value OF property on
the northside of Broad Street was that
of Tuesday afternoon, In which SO
East Broad Street was bought at aucs
ton by Arthur l. Straus for $39.600.
Another transfer in which muck%in.
terest was shown was that ofAsoma
fourteen acres west of the Boulevard,
near the Fair Grounds. by the Kline
Motor Car Company 10 tho Kline Gsr
Company for $751; 900
Among Larger Deals.
Among the larger deals shown In
the records are the following: Eliza
beth b. whitlock t. James R. Gordon.
two lots on the southside OF Monu.
ment Avenue. fronting 1926 feet near
Allen Avenue, for $4,000: Lizzie
Schireff to Carrie Rothschild, - feet
on the west side OF Ninth Street. north
Of Clay Street. improved with two
brick dwellings. for $500. B.. n.
Melton to James A. Davis. 20 feet, Z
inch. northside Floyd Avenue, west
of Dooley Avenue, $4.S50, and Annie
L. Gray to Emma NJ Liebert. n fest
on the southside OF Marshall Street.
east of Gilmer Street, $4,700,
A ten thousand dollar farm sale put
through during the week was that
transferring iss "a acres In Henrico
County near the River Road.
Among notable permits to buffd
were one to the city OF Richmond for
the erection OF a sehoolhouse on
Chamberlayne Avenue, Ginter Pa-k.
TO cost $ss,340. and one to E. Erdt Ia
build two-story brick dwelling on
Robinson Street, between Hanover
and Stuart Avenues, at a cost Of sS,-
ss7.