San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-03
REAL ESTATE.
TRADES ARE
DOUBLED
10,937 Deals Made and
1913 Permits Issued
in Year.

A new real estate trading record.
which exceeds all other years by mors
than $12,00O,000 and which was
double that of 1924 was set in 1925
when Bexar county property owners
sold SAL ,3SS, SS6 worth Of real estate,
There were 1887 deals made.
While building totals fell below
those of 1924 construction activity Is
considered normal and steady by lead
ers of the building industry. The
years permits totaled 1913 with val
uations at S11.269,S52.
Homes in 1925 totaled 1871 with
valuations at S6,264,572. Building
during the prior year reached the Sill,
466,941 mark and 1892 permits were
issued by City Building Inspector Gus
f. Niggli.
INCREASE CONTINUES.
These building totals represent. as
near as possible. the actual cost %
mate this 20 per cent has been added
to the amount named in the building
permits.
1t is expected that this trading in
crease will continue during 1926 as
there are a number of subdivisions
soon TO open in various parts Of the
city. which will be sold during the
new year. A number of large deals.
now pending, will undoubtedly be
closed during 1926.
Two large deals were responsible
for part of the great figure in 192?.
The San Antonio Water Company's
plant and business was sold to the
City of San Antonio in June for a
cash consideration Of approximately
S7,OO0,O00. The money for this .pur-
chase was obtained from bond issue
early in the year.
BIG DEALS.
Another large deal was the Medina
irrigation property, which was SOLO
for approximately S4,oOO,OoU: Ibis
deal was made during the. middle OF
the year, following. an auction SAFE OF
the entire properties. Inc deal WE
placed on file at the county court
house in October.
Tbe water company deal caused
June of 1925 to be the greatest trad
ing month in the history OF san An
tonic. During the 3O-day period, $50
deals were made in the Alamo CITY IN
volving S9,192, 145. The next highest
figure was in April Of 1923, when tns
Nj. X. and Il. railroad changed hands
At that time, the monthly real estate
trading figure reached the SS,oO,W"
mark.
The third highest trading month OF
the wear was in October, 1925, when
S2S deals were reported. Deals in
volving S7,257,416 were made during
this period.
HOMES IN DEMAND.
The smallest month Of the year was
August when 7S4 deals, involving ST.
972 ,627 were made. December was
slightly higher than this and Sl,9iS,-
els worth of property changed hands
There were a number of deals In
yolying more than 100000 made dur
ing the twelve-month period. These
deals included many pieces OF business
property, where sky-scrapers are to De
built. Ransom and Silsbee purchased
the Grand Opera house and plan To
improve the site in the near future
DIR. L. l.. Thomson purchased .
large site at the corner Of Alamo and
Travis streets from the Bedeh-Moors
ESTATE for sci, 900. The old Scottish
Rite Cathedral on st. Mary's street
was sold for approximately S1OO,VOV.
In every part of the city, real estate
trading was active during the past
year. Real estate dealers reported one
of the most prosperous years In his
story for the sale of homes and lots.
TOTALS BY MONTH.