El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-23
REAL ESTATE VALUES INCREASE
ASEL PAS0 RESUMES NORMAL LIFE.
After Long Lull In Market During the War Period
Demand Becomes Urgent For More Homes influx
of Population Creates Shortage In Desirable Living
Quarters; Real Estate Men Optimistic Over Future

crease in our population ana the taet
that lots Of our people have spare
money invested in Liberty bonds
thrift stamps and savings. Wnlcn lney
did not possess before and which tney
viii put into homes and into genera
real estate investments. Values in FL
Paso real estate are due to increase
and are entitled to increase
Have Demand Increases
". Doak. OF the Horace B. Stevens
company, said. This Is the first time
in the history of El PasO, so Tar a.
I know, where the demand for houses
has been anything ike near the sup
ply. Our main trouble now IS IN get
ting houses that VIII I'll the bill II
is not hard to get .enants-
The bulk Of our business for the
last six months has been selling
homes We have practically laid eff
Of vacant property. because we can
sell homes easier, and the class OF
people buying homes nov is one tna-
We never have been in touch with be-
fore Our main trouble Is in getting
new modern houses at anything like
our old time prices
We are building several houses
and bungalows Of high class. and
We find that they are costing, con-
servatively. % percent more than the
same kind Of house cost three years
ago.
we figure that the demand IS such
now that all through the fall you can
sen anything that is built. with a
reasonable profit on the Investment
There are more people here right now
than there are houses TO accom0data
them This IS true TO such an extent
that We have sold a number OF houses
10 people just because they could not
get a rent house would say that
this fail VIII be the best We have had
for years in the way OF selling homes.
We have sold $3.50. 900 worth OF homes
since the middle Of January, at prices
ranging from $500 Up to 10000. We
have demands for every class Of
houses The slogan Of the govern
ment. own your own home has
taken root with people OF every class
We can advertise a house for sale
OF a certain type. describe Il we'll in
the newspaper, and have q dozen IN
quiries in the course Of a few hours
The average five room bungalow
now VIII cost at least $500. including
the ground, and VIII represent a value
OF three Or four times that OF the old
time Dollhouse that used 10 be built
There are in the course Of construc-
ton now in the neighborhood Of 100
rice from $500 TO 5000 The bulk
y these houses are sold before they
are finished"
Heb Line Canal Big Work.
the hish line canal project is looked
'pon by real estate men generally as
me Of the potential factors OF the nj
most Importance in the DEVELOPMENT
u the city Work for the high line
anal day and night said George r.
-eBaron. Of the firm OF Broaddus and
-eBaron- For this means not only
m abundant amount OF CHEAP water
Tor the city OF Fl Paso, which would
i've Us an opportunity OF having
awns. and trees and shrubbery at a
Tery reasonable cost. but It would
i've Us more electric power than is
sed 10 day in the city II would solve.
lso. In a great measure, our drainage
rohiens.
Eve must now realize that Fl Paso
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