The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-06-04
HEALTHY PROGRESS
| IN CITY REAL ESTATE
Demand Principally Confined to Mod
crate Priced Residences For Ac- 4
tual Home Buyers Use.
RENTAL SEASON NOW ON
Real Estate Dealers Express Satisfac.
ton With Normal Conditions and
Healthy Footing on Which City
Now Is.

Healthy progress is being noted In
the real estate situation In Richmond
and vicinity. and from indications
there appears every reason to beiievs
that the market will become unusuat.
ly active. Reports from the large
number of dealers are full of encour.
agement, there being the general
opinion that there will be increasing
demands for properties of all kinds
from now on. The market is consid.
cred to be very good at this time. but
the widespread revival in trading IL
taken = being prophetic Of more
business at greater values.
+. NJ, Boykin, OF the Real Estate
Exchange, says that the undercurren1
of real estate improvement Is very
marked. However. nothing big in the
way of sales has been made. In all
parts of the city there is that steady
and constant trading In buildings and
lots, which maintains a good level
and indicates the sure footing real
estate how has.
! There is no especial activity In any
/ section of the city. It may be said,
/ however that the West End lis shows
ing more activities in the building
of new houses and the sale Of lots.
: but this is hardly any great show OF
renewed interest in buying and sell.
ing.
Residences Principal Demand.
In the past week there has been,
number OF deeds recorded the values
ranging from $4,000 down. The ma.
jority of the deeds were for residences
costing in the neighborhood OF $6.-
600. while there was also a large
number in the class below that figure
! Those selling for $4,000 to $4,000
were in very reasonable demand Ac.
tivities In sales at figures more than
10000 were not noted.
The usual summer selling is being
observed in the suburban places. and
the sales in the various suburbs about
Richmond are fairly active. In Gin.
ter Park sales are being consummated
in lots, and one Of two sales Of resi-.
dences have been made. Little liz be.
| ing done here in building. although
this is supposed to open up very
shortly.
In Barton Heights a number OF
houses are under construction and
others have been contracted for.
There is no special activity there In
the way OF sales OF lots, although
trading in ground has been noted In
the subdivisions between Barton
Heights and Ginter Park.
Highland Park Is coming into Its
share of demands for lots and houses.
There are several dwellings in this
suburb under construction. and there
are number. of inquiries for LOTS
as we'll as some sales. Woodland
Heights and Forest Hill properties
have not been so much in demand
recently, but both of these places also
have fair trading.
West End in Demand.
The West End has perhaps the
greatest number OF sales both in lots
and houses. Pretty active tradina
was noted In lots. and dwellings are
in demand Building operations too,
are increasing. in addition to thu
large number of residences now going
up. The Boulevard Is attracting !
great deal of attention, and Menu.
ment Avenue has buyers The other
avenues are being bought up. and
properties on the side streets are In
some demand
In the sections In the East End
land on the Southside business in real
estate is reasonably active.
Property values are still holding
up well. The sales recorded for tho
past week have been at satisfactory
figures.
In the West End lots on Monument
Avenue are selling at between two
hundred and three hundred dollars Z
foot. and on the other streets the val.
ues are the same as they have bean
heretofore. There is no tende.y
Jusl Ills particular llnlS Tor any
increase in prices, but real estate des ;
ers says that values now placed on
properties are satisfactory.
Conditions Healthy.
Taken altogether. the handlers Of
real estate In the city are very welt
pleased with conditions. All of them
are receiving q fair share OF thA
trading that Is being done, and they
are preparing to handle the increased
sales that are sure to come. All Of
the dealers. when asked how they're
garded conditions, said they wcre
very satisfactory and that their busi-
ness was good. Nothing big" they
said. but that good, steady trading
that makes business alright" Some of
them said that business might b
better, but they hardly had room for
complaint at existing conditions. and
they were all pleased with the pros.
poets for increasing demands for real
estate.
For the past week real estate Offices
have been devoting a great deal 0z
time to the rent question. Lists ~
houses for rent have been made up
and put in the mails. and inquirtes
at the Offices for the lists are con.
slant. Some of the firms handle rcn>
tails largely. and they are satisfied
with the inquiries for houses Il.
lists already being shortened by carly
rap%ala