Imperial Valley press., 1924-10-29
LOCAL REALTORS
REPORT BUSINESS
BEST in YEARS
Both Country, City Pro-
perty Moving Briskly
Is Good News

Lufal cOnulllDHS all oNtI tue OHtitu
States have been in very chaotic
condition. This is largely due to
over production, lack of foreign
trade, and unsatisfactory foreign
exchange, according to the National
Real Estate Board, and the condi-
tion has been the same in every
community. In the last year there
has been a marked tendency back to
agriculture, more interest has been
shown in farm lands and farm work.
People in the cities are again re-
verting to farm and farming.
Imperial Valley being so FORUM
ately situated and having an all
year-round production, has attracted
the attention of agriculturists from
All parts of the United States.
Eastern farmers are now liquidating
and coming westward and the every
one in the valley is bound to feel
the effect of this influx sooner or
later. A farmer in Imperial Val
lev can fail on a cotton crop and
within 80 days have a good lettuce
crop out, since valley farmers are
not confined to Just one crop.
M
Imperial Valley in the last 60 days
than in any of the four years before,
according to Ray Edgar, president
of the local real estate board.
a.People are anxious to own their
own homes, instead of renting
them Mr.. Edgar stated when dis
cussing the situation today. "Peo-
pie who have been away from the
valley ia hree years who form
erly III homes here, are returning,
as they 6elieve conditions to be bet
ter here. MOI ia the last five years
has there been so much building ac-
tivity.' The Edgar Brothers Real
ty company have just opened up a
new subdivision on West Main
street, which is being invested in
rapidly.
Summer Months Good
During the months of August and
September when real estate activi-
ties are unusually quiet in Imperial
Valley, local realtors have been
surprised at the increased land pur-
chases which farmers are making,
and the rapidity with which city
property is being sold, according to
Mayor w. II. Lavayea when ques-
toned about the real estate sltua-
tion. In spite of the water short
age the deemand for property Is
keeping up and everywhere the ut
most confidence and enthusiasm IN
the value of both FL Centre prop
erty and valley land is being shown,
he said.
ssWhen Eugene r. Worley, prob
ably the best farmer known IN I'm
perial valley, and owner of model
ranch five miles northwest of Holt
vile. makes "A cash purchase OF Az
acres of land, considered the poorest
piece of land in the valley, 1t IS
q prettv fair sign that the Imperial
Valley farmers have the greatest
possible faith in the value OF the
land here,'' S. j. Anker, local real
tor stated when interviewed. Mr..
Worley bought the acreage two miles
northeast of FL Centre, the land be-
ing a part of the tract being re-
claimed by the drainage system,
and the deal was transacted by the
Anker company.
Four hundred acres OF the very
best land in the south end OF the
valley has Just been leased by the
Gerard Fruit company of Los An
peles. for the sum of 81, 900 which
Il an average of $40 an acre, the
land to be put into lettuce and can
taloupes. Although it is very late
to start farming of this kind, ex-
eellent results are expected. One OF
the rahches in the acreage leased is
100 acres of the Baker land locat- |
ed near Heber.
Alfalfa Crop Better
sOutsiders are. on the whole, IN /
clined to believe the water shortage
here of much more moment than II F,
actually is" w. +. Hancock, who !
made the later deal, remarked re-
garding the crops in the valley.
Undoubtedly some damage has re-
suited in the cotton and corn crops,
but the alfalfa crop for instance
has derived noticeable benefits from
this shortage. The lack of water
has kept out the water grass al
most entirely, which when there IS
plenty of water grows abundantly
in alfalfa fields, and the crop has
NOT been burnt. The outlook on the
whole for valley land and property
seems most encouraging, Mr.. Han
cock concluded.
A recent $4,000 deal transacted
in city property was the pure chase
Of the Hctel Piedmonte, located on
the ntr corner OF flfth ana
Conn resl reets, by Ms. and
Mrs. E4ank s Nazafcno, the property
being formerly owned by ID. Fassio.
Mr. and Mrs Nazafeno are making
numerous improvements in the build
ing. are entirely refurnishing the
Mace and expect TO cater to the
best class of trade.
Mrs. Il. l.. Woodson, who just re-
,entelv moved here from HoltVille,
l,ouylt the c. ID. Otterson place this
week. at 524 South Eighth street,
tho Ragan Insurance company com
nletinu the deal The Tyler Broth
ers of the Ragan Insurance company
have large number of deals TO
,heir credit in the recent sales OF
laeal property that are decided
nroof Of considerable activity IN
real estate here. The demand, ac'
earding To J. H. Tyler, shows every
Indication Of continuing for some
time W come
John wold, IA years old, of the
Nssf