Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-08-31
REAL ESTATE DEALING
HAMPERED BY MOV|NGs
Good Business on Last Week in Spite
of Drawbacks OF More Than
One Kind.
Industrial Propositions Delayed or
Called or by Unsettled Conditions
i'm Country-Old College Place Lots
Sold-Quickcst Sale on Record.

Moving day always has it's effect on
tho real estate business in Richmond.
and tho week in which that day comes.
around September |. usually creates
something OF 4 dullncss in real estate
circles. for all of the agents who are
rental agents besides (and the most
OF them are thaC are more or less in
terssted III ;hc moving proposition.
This year there are two moving days.
because sunday comes $50 close to the
hrSt OF the month. AS many people
who had to move ms possible did the
transferrinG OF furniture. etc. during
the last days Of last week. and ycStcr-
day the vans. trucks and wagons
loaded with household goods were seen
going and coming on every street. To-
morrow and next day similar scenes
VIII be on tho screens.
All of this has attracted much of the
attention that is usually given to the
real estate agents. and thus il happens
that some OF them were not altogether
as busy last week as they otherwise
usual number of deals hanging on the
string. and thought TO be about ripe
had TO be passed on to yet another
week II not longer.
Disturbing Elements md the Effects
Tho fact doomed up last week that
the Richmond real estate business is
much affected 10y the general unset
tied condition throughout the country
CONDITION of peace treaty and league Of
nations legislation, the high cost of
living legislation and several large
deals. 10 say nothing Of many small
ones are being thrown out Of gear.
The agents report not less than a
dozen large transactions that were in
Indefinitely because OF these things
and number OF ransnctions that
would probably have been closed last
week or before are AT a stands;ill for
the same reason.
Some OF these larger deals have in
dustrial propositions for Richmond and
a ~ lN.t, n II.
motors of the same will not take any
iur;hcr steps looking 10 the acquisition
OF sites for new industries until these
questions which are agitating the
country and the whole industrial world
are settled one way or the other. II
IS Is. . heiiSHed TIA; an early settlement
y Ncritable real estate and industrial
boom in Richmond.
Good business In Spite or II.
Notwithstanding all OF these things
there was considerable activity in real
estate circles Last week. The urgent
inquiry for improved residential prop
.riy continues without abatement. In
fact, the demand for ''rcady-nade"
than ever. and several sales were made
last Week OF SUCH property. Included
I'm, Grace. Leigh. Clay. West Main and
other streets. and on Floyd. Grove.
Allen and other avenues. not to men
ton several sales on the cross streets
and in South Richmond. Not a few
suburban residences changed hands
last week also. The inquiry FOR bust
ness property houses to do various
kinds Of business in keeps pace with
that for residential property
one OF the agents tells OF the quick
est sale OF property OF the laSt-named
Kind he ever made. The property "a
residence on a two-acre lot. not over
two miles from the heart OF The City)
was placed in his hands for sale on
Saturday. He advertised il III The
Times Dispatch of last sunday morn
ing, and before o'clock Monday morn
ing Il purchaser was ringing his phone
said purchaser having already con
sunday investigated the property and
was ready 10 buy. By II o'clock Mon
day the deal was closed. and before
night the deed had been signed and
the property belonged TO another man
Among the sales OF vacant property
that were closed up last week were
two lots on the old Richmond College
grounds. one of these was a 100 foot
lot corner OF Ryiand and Broad
Streets. bought by w. :. Forbes
through Charles y. Rose Company II
is understood that this property Will
be improved at once and a large. up-
There has sprung up an unusual de-
mand for small farms as near 10 Rich
mond as possible, and there is much
inquiry for such property located on
railway lines. Some business in this
line has been done in the past two or
three weeks. but the fact is that there
are very few small farms near Rich
mond that are on the market or likely
10 he. far as anybodv kn1wc