The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-01-05
Great Gain Is Recorded in
Last Year Over 1927
in City.

ou1lQl1lB pCIlIllIS ISSuSu Qu1 LIZ
1923 by the city building commits
sioner exceeded those issued in 1927
by nearly $1,000, 900, according to a
compilation by the Indianapolis
Real Estate board.
Total permits for last year were
$23 ,669,315 and for 1927, $22, 748, 625.
A comparison of permits by months
shows the increase was well distri-
buted throughout the year.
January, April, May, July,
September, October, November and
December all showed increases in
value of permits.
Due principally to a single permit
foc 100000, covering work on the
Indiana World war memorial. new
construction permits for the first
week of 1929 were unusually large,
according to the realty boards fig
ures.
The total for the week was $685.
$50. Of this $61,750 was for thirteen
new residential projects. Two store
room buildings, one at Twenty
fifth and Delaware streets and the
other at Twenty-fourth street and
Cornell avenue, also were
authorized.
The real estate business participated in
the flair" prosperity of 1928. according
to the Real Estate Board report. Many
realtors have reported business increases
for the year.
$4,000 Increase Shown
An increase of about 900 IN total
amount of business during 1928, as COM
pared to 1927. was reported by William
L. Bridges Of the firm Of Bridges &
Graves, builders. During the year, the
firm built approximately forty houses, IN
Guiding the Indianapolis Homebuilders'
Association model home, which formed
the centerpiece of the last realtors home
show and later was rebuilt on Grace
land avenue. and new house fc; ex-
Governor Ed Jackson.
Total business of the COMPANY last
year amounted to $4,000 of which,
about $365,O00 was on contract building
jobs. according to Bridges.
Business of the z. L. CothrelI Realty
Company. homebuilders and developers of
the Creston addition on the Rockville
road, west of the city, was continued at
approximately the same level as the two
previous years. In the last three years,
Cothrell said. the firm has built in its
addition approximately fifty houses a year.
mo trouble has been experienced in dis
posing of these homes in the past and it
is presumed that in 1929 conditions will
be favorable or even better" ne said.
1--WE expect to build about the same num-
Der this year"
The average price for home in the ad-
dition in 1928 was a little more 81, 800,
the total sales amounting to about
5000, 900.
Hunt and Dahlman Busy
Property valued at $225,55O was handled
by z. B. Hunt and c. A. Dahlman, real
tors, during 1923. Sixty-one houses,
thlrty-three vacant lots. one apartment,
one farm and one suburban tract were
sold by the firm.
Business of the firm of Goode & Goode,
according to Joe Goode. realtor. showed
an increase from $1S7. 900 in 1927 to $685.
500 in 1923. There was a slight increase
in the value of houses sold.
In 1927, the company sold twenty-five
home, totaling $780, and in 1927,
twenty eight city residences handled by
the company were valued at total OF
$I35, $50. More vacant city lots we're sold
last year than in 1921. Goode said, al
though fewer farms we're handled.
Goode reported that in 1927. his COM
pany built and sold only two homes OF
its own In 1929 1t completed and sold
three, and started construction of two
others, which we're sold almost as soon
as started In 1929, he added. the firm
plans to build and sell eight homes.
Residences Are Sold
Since Jan. /. two houses have been sold
By the company. In one deal. ]. G. and
A. M. Carr bought a fye-room cottage
at 1926 Denny street from Robert Allison
In the other, the company sold to Free
mont Miller a four-roonl cottage and two
lots at 1914 South Gale street.
Sixty-four homes, with a total value Of
approximately $500 600. we're built by the
Grinslade Construction Company during
the last year. according to T. z. Grinslade.
The company also built eight store build
ings, containing eighteen business rooms,
valued at $50 900.
slightly larger number OF residences
and fewer store buildings was built by the
company in 1927. Grinslade said. but the
total volume of business was approximately
the same.
Sales amounting to $685., $50 we're re-
ported for 1928 by Robert Allison. of the
Allison Realty Company. The sales rep