The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-09-13
OBSERVATIONS OF
CHARLES E. FELL
Prominent Realt0r Declares
That Situation is Brightest
It. Has Been in Months -
Local Conditions Good

estate situation is the brightest it
has been in months.
Local conditions" says Mr.. Fell,
are more than holding their own
nes mere have not deprecated, and
even during the past few months,
when the so-called depression has
been experienced, there has been a
consistent movement of properties.
The money market here, too, seems
to be in a healthier condition and
should materially ease the situa-
ton.
UnequalIed Elsewhere.
''The land developments in and
around Atlantic City are unique in
several ways. They are unequalled
anywhere else in the United States,
as far as | am able to gather. AT
ter travelling in or through nearly
every State, and visiting or learn
ing something about real estate de-
ts-sub-divisions and adj
ditions in various parts of the
country, the conviction is strong
that we are fortunate in the char
acter, location and improvements
of our newest sections and are JUS
titled in having considerable pride
in them
There does not appear to be
single development in this country
that has been planned on so large
and comprehensive scale where
such astonishing progress has been
made in so short time.
Nowhere is there one more at
tractively situated and magnificent
. ly laid out than West Atlantic City.
There the unusual combination ex-
lists of location ON a beautiful bay
and waterways, together with the
convenience of stores, schools, fish
ing, boating, bathing, good high
ways and train and trolley service.
Many of the subdivisions else
where, particularly those of inland
cities, are merely additions to grow
ing communicative reach out
where land is usually plentiful, and
become just parts of cities, en-
braced by city life and married by
business activity in the course of a
few years. They naturally have
none of the advantages of the sea-
shore, generally are not situated
on or near waterways except where
some semblance of lake or creek
has been provided by artificial
means to please the eye.
Ocean and Bays.
Because OF the ocean and our
numerous bays and winding streams
of water, there is for us a much
smaller nearby area available for
{ subdivision and therefore, these
same waterways not only add
charm and beauty to our develop
ments, but in so restricting our
developing activity. insure certain
and steady enhancement in value.
"As a, general proposition, land
developments have been over-Sold
to the country. A great many We're
projected as promotion schemes in
boom times and were not based on
normal demand of thickly populat-
ed sections. They were not sold
to home buyers or those who in
tended to build; their purchasers
hoped to make a profitable turn
over during feverish period. De
velopments of this class have for
the most part, 'gone out" They
have failed to achieve any great
measure of success.
Expansion Necessary Here.
Fortunately. this is not the sit
uation in and around Atlantic City,
however, where our subdivisions
have enjoyed a justified. prosperity,
due very largely to the great num-
Der OF people who yearly crowd
themselves into our relatively small
area, making expansion necessary