The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-11-02
.M'DAVID SALES +.
REACH $2,5O0,OO0
FOR PAST WEEK
southside Property Boom
Proves POT Of Gold
To Prospectors

In Perhaps the main feature of the re-
alent upswing in southside property
ltalues, which has proved pot OF gold
! to more than one prospecting trader,
has been the activity Of the McDavld
Real Estate company. In the past
week, according to announcement OF
| the firm, around $2,70O,OO0 worth OF
7 realty has been sold through the COM
-Kpany. And all of it within the limits
Sbetween Avenues A and +, Seventeenth
I'D Twenty-fifth streets.
This record-breaking feat, almost I'M
hlievable until the present hectic days
the market, was accomplished mainly
trough an enthusiastic application
(which has characterized the firm since
1t entered the field. A force of q
isalesmen. some of them crack agents
lin the property market, were on the
! move both day and night. In fact
. most Of the intensive selling took place
in the offices on First avenue between
six and twelve o'clock in the evening.
|. Some of the most conservative investors
in the city have attended these nightly
vigils. .
A brief review of the agency's oper-
alton during the scramble for property
might well be preserved in the annals OF
real estate history. On one occasion
the company sold to a quickly organ
lied realty combine a quarter of mil
lion dollars worth of property. During
that rush two stenographers were kept
busy grinding out contracts. In an
other short interlude of an hour an in
weston purchased nearly $2OOOOO
worth in small pieces.
Figures Vary
Most of the McDavid trades have
been turned at figures ranging from
$40. 900 upward, with the top price hit
ting S125OOO. These were frequent
re-sales of these pieces, some OF them
scoring strenuous upturns after haif
an hours consideration.
"Our agency has not found it exceed
ingly difficult to sell the property" II.
r. McDavid, president of the COM
pany, said Saturday in commenting on
the record-smashing drive. In the
first place we are well-sold on the fu-
ture possibilities of the section, our
selves, and any salesman knows sales
arguments come easy when that Is the
case.
PERSONALLY, l am firmly convinced
that values on the southside have not
reached their peak. There is definite
trend that way in business development
and I believe that very few of us have
any idea of the magnitude of the pro-
ieets under the surface. Students OF
property know that the best retail CEN
ter always follows the best residential
center. The telephone company pre-
diets Birmingham's best shopping dis
trict will be across the tracks in ten
wears. With these facts and some lit
file knowledge 1 have Of proposed de-
velopmenrs I expect not only an awak'
ening to the southside in constructive
programs, but a continued healthy mar
ket there.
Rise MeteOric
McDayid is associated with his
brother. Jack McDavid, in the firm, the
rise of which, considering that it was
formed only two years ago, mas Deen
meteoric. On October 1 the company
moved from small offices on Twenty.
first street to the present quarters and
since then the growth has been mos'
pronounced. For the month it is esti.
mated that the company has handled
$4,000, 900 worth of property sales. In,
cluded in this figure are over $2OO,UUt
in Grove park property and $165, 600 in
the First addition to South Highlands
two subdivisions promoted by Media
vid.
In speaking of officials it might b'
well to mention l.. r. Quinn, law grad
. uate and ex-bookkeeper of the firm
who appears to be bearing some of thu
brunt of the heavy Sales. Quinn now
has his hands full merely closing thu
sales of the company and his waste
paper basket is usually filled with thu
interest money checks.