The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-06-23
CITY, COUNTRY
PROPERTY SALE
EXCEEDS 1927
Rea! Estate Survey Shows
h 10 to 100 Per Cent
Rise in 1928.

business OF many Indianapolis
real estate firms for the period from
Jan. to June Is of this year in
creased from 10 to 100 per cent over
the same period last year, accord
ing to a survey of the real estate
market by the Indianapolis Real
Estate Board.
AS the realty market is generally
accepted as a good barometer Of
general business conditions. this
indicates Indianapolis business con-
ditions are on the improvement, ac-
cording to the realtors.
Business of the lot department
OF the Union Trust Company since
Jan. has exceeded that of the
first five and one-half months Of
1927 by approximately 40 per cent,
according to Tom l.. Dillon, man
ager The increase in sales has
been accompanied by price increases
IN north side lots ranging from
So to $40 q front foot, Dillon said.
Lot Demand Increases
The lot Department has sold
flfty-two lots to date as compared
TO thlrty-seven to June Is of last
year. washington Blvd. and Penn
sylvania st. property which sold for
$50 a foot last year is finding ready
buyers at $40 this year, Dillon de-
clared. Delaware and New Jersey
st. and Central Ave. home-sites also
have increased in value, he said.
Realty sales by the Schloss Bros.
Investment Company since Jan.
have appropriated so per cent more
than in the same period last year,
according to Lowell Frazee, realtor
with the company.
Sales in the Butler-Fairview de-
Oelopment of William Low Rice
have shown a considerable increase
with the opening of Butler Uni
versity on its new site assured, ac-
cording to Rice.
Farm Situation Better
Sales for the first five and one
half months of 1923 totaled approx
imately 100000, according to Forest
M. Knight, president of the F. M.
Knight Realty Company. Activity
was fairly equal in homes, home
sites, suburban properties and bust
ness locations, according to Knight.
THE farm situation looks much
better now than it did a year ago."
Knight said.
Business handled by the firm of
Goode & Goode, from Jan. / to
June Is, 1923, exceeded by approx
mately 10 per cent the deals in the
same period last year. Sales to date
this year totaled $751; 300, while for
the first six months Of 1927, the
total was $4,000.
Since Jan. l, thirty-f1ve deals have
been closed by the Allison Realty
Company, according to Robert ALI
son. With an average price of
$4,057, the total business of the
firm to date amounted to $4,000.
Sales Jump 100 Per Cent
Sales closed since Jan. 1 by the
F.. j. Viehmann Company totaled
1921 ,961. Forty three properties we're
included in the transactions. The
sales we're exclusively residential
properties.
Properties totaling 100000 we're
handled in the same period by the
Office of z. B. Hunt and G. A. Dahl
man.
An increase of more than 100
per cent in sales was reported by
Robert w. Stockwell. Transactions
closed this year to date included
twelve residences, two. farms and a
number of lots in the Warfleigh
addition, totaling twenty-five deals
amounting to/$125,950. During the
first five and one-half months of
last year Stockwell's Office handled
thirty-two deals, amounting to
SCOTIA.
Sells. Eight Farms
Farm properties have showed con-
siderable improvement since Jan. l,
according to John K. Burgess Ac-
cording to Burgess, his organization
has sold eight farms this year, as
compared to none during the first
half of 1927
More than a half-million dollars
in residential properties has been
sold by the American Estates Com
pany since Jan. /, according to Jo-
seph j. Artus, company president.
All of the properties comprised
higher priced homes on the north
side, prices ranging up to $4,000.
The company now has approx
mately $4,000 in deals pending
closure.