Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-10-26
ACTIVITY IN REAL ESTATE
RESULTS IN MANY SALES
Wright Co.-Cary Street Bust.
ness Property Sells High.
SMALL SALES ALL OVER CITY
building Boom Demand of Hour.
Conditions Similar to Those of
Half Century AgO-Rcsidentiat
Building Boom Saved Richmond.

Increased and general activity fca-
t Mrsd The real estate Market last week:
week for two months past. perhaps.
and the man IN the courtroom who
properties moving all oyer the city,
while there were. some large auction
factory to the owners who offered the
properties and to the agents who en-
Pollard & Bagby sold the valuable
ming from Ninth 10 Tenth. formerly
Of Strause 4 Gunst. l.. l., Taylor q
Co; Inc, Wholesale carriage, buggy
ehasers. and the price paid was 5000.
Tho Taylor Company have been oc-
eupying part Of the property for two
years.
Leo Camp Veteran. Confirm Bfg snIe.
The sale of the property of Lee
Camp. Confederate Veterans, 5l4 and
81! 2iG las, last Broad street. made by j,
deeds signed up, yesterday. At the
Was Jos the ora Ee Gre%S "
pany, Inc. Broad Street clothiers. went
eyer over the cried bid. making .heir. oGer
bid that the camp, accepted. and con-
armed ., the sale sale. The terms OF the deal
the remainder to he paid in sums OF
not less than 10 per cent of the amount
due, annually. until the entire sum is
Increased Values In Twenty Years.
The property fronts ihirty-four feet.
building of three stories covering the
tnt acsuS Er9pp 3D. The IarEs
0 vs isass sadp'r r1ofy i IS hs
Rfd Story @ is also se arEo a hs the
which several secret and other societies
hold their meetings. The purchaser
stories sixty days hence and practi-
caly possession Of the ground floor
al the same time. becoming then the
II is interesting to note tina, Lee
tamp bought this property in 1926 for
provcments have been made from time
TO time. but the difference in the pur-
chase price OF Broad Street property
quarter Of century ago and now is
very striking.
The minor sales of last week. made
the city, consisted of business prop
srty. such as storehouScS. shops sites
for business houses, small residential
property, few vacant lots. etc. The
demand for residences Of modern tyne
continues to be greatly in excess or
the supply.
Conditions Then ind Now Similar.
was recovering from disastrous war
and beginning TO grow commercially.
''it'c MdS scarcity oil houses,
now The extract below from an
EDITORIAL In the Richmond Dispatch
ago.. is fair picture of conditions
today; The editorial is headed "A sure
sign. ana reads as follows:
There arc few houses Tor rent I'm
iiichmond See our rent Department
now poor II Is. Houses are wanted
wanted TO rent and TO purchase. The
population is in excess Of house ac-
commoda ton. and as soon as sprinr
returns the enterprise of building must
De pushed ahead with energy.
we learn from an experienced real
estate agent that he has never known
houses SO scarce and so much in de-
inand' This is encouraging, but it
- complaint that ought not TO be
permitted. Real estate men and capt.
talists should see that ii is not con
t!nucd long. The rent roll is tho ms,
lucrative and reliable Of incomes, and
now Is the chance to extend it."
building Boom to Solve Problem.
further search through the files
OF me paper of NIFTY years ago reveals
the fact that real estate agents and