San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-09-16
SAN ANTONIO'S
FALL REALTY
~ BUSINESS
:. BOOMING
More Money Available for
Investments In /
Property. 81 |.

L
The biggest real estate business for
any fall season in the history of sanl
Antonio is under way. ~
More money is available for real es-i
tate investments in San Antonio than
ever before in the history Of the city.i
Formerly San Antonio realty has
depended In large measure on local
capital for development and invest-j
ment. This year, however, millions
of dollars of outside capital havsi
come in seeking real estate invest-l
ment. This has augmented the nor-
NAL capital supply available annual-
ly here and has made it possible for
local real estate men and realty loan
companies to finance practically any
legitimate real estate transaction.
situation that has never existed here
prior to this year.
One leading real estate man sum-
med up the situation in these words:
1T is not question of making sales
but a question of obtaining listings
at saleable prices. We have buyers
constantly seeking bona fide invest
1 mo re IN, naI -NrN
market so we'll financed, many prop
erty owners are holding up the price
Of their real estate to a point where
it is not readily saleable.
GOOD SUMMER.
II may say, however, that practi-
cally any San Antonio real estate.
properly priced, can be turned this
fall and any real estate at bargains
is assured of an immediate sale, es-'
pecially in the business or semi :
business area"
The summer just closing was the
most remarkable summer in the his
tory of construction in this city. July
set a new high record, the total being
swelled with a permit for a large I
downtown structure to cost $75O,0OO.
With that one building eliminateds /
however, August exceeded July. Nor
mally in the past, these two months
have been quiet in construction cir
cles but this year, building demand
kept workers steadily employed
throughout the city. Both July and
August held close around H,000IOOoS
in new construction, much of it BUSH
ness structures but with fairi
amount of home building.
The last 10 days of August wit I
messed 9O5,473 worth OF real estate 7
sales practically all for investment
purposes while the amount of refi-s
nancing by the loan companies ran
into millions of dollars.
GOOD BAROMETERs.
September opened auspiciously, tho
first week showing 1871 ,O36 in trans
fers and the second week SS50,174i
represented in small deals, an impos-
ing figure when the class of property
changing hands is considered. A sim
gle large transfer such as occurred in
July or August would have set new
record but as the situation stands
the sales were excellent barometers OF
healthy real estate conditions in this
city.
The remaining Is days in Septem-
Der are expected to include several
very large deals now in the making
and will bring the early fall trading
for this month, well TO the forefront
in real estate history here.
First mortgage liens on San An
/ tonic real estate bearing and 5 per
= cent are in such demand that capital
is offering attractive inducements for
5 trading and real estate men find u
; easy to buy and sell where the prop
: critics are fairly priced because the pa
per can be placed Immediately.
The coming winter months should b
=. the best real estate months Of the year.
r according to well-intormed real estats
men who say that 1925 is destined 20
t set new high mark in local realty.
) Coupled with city trading an un-
4 precedented demand for farm lands -
G developing. Farm lands are most In
!, demand in the winter months and San
r Antonio dealers are improving their
= listings especially on irrignble tracts
!. in preparation for 3 busy season.