Show REAL ESTATE PRICES HAVE GONE SKYWARD I I I Healthful li Financial Conditions Bring Out Much Money for Stable Investment Transfers During Year Reached a Total of Over a aS S Large Gain Over 1900 has been a steady increase THERE J in the Volume of real estate bust bush business ness fleas during the year The rhe activity in building has been the greatest in several years amounting in inthe inthe inthe the aggregate to 1426 and has had its effect upon the market as the quest for home sites has Increased according to the dealers fully 30 per cent c nt over that th t of oC 1900 Another reason for the general advance in the price is the certainty certainty certainty of the early completion of at least one on o and probably two railroads to the coast with the consequent open opening opening opening ing of a vast territory which will nat naturally naturally naturally become tributary to Salt Lake The possible building of a short route south of ot the lake by the Southern Pa Pacific Pacific chile thereby making this city the fhe eastern astern terminal of the road has also had its effect Again the feeling of ot surety that the United States govern government government government ment will turn its Ita attention to irrigating irrigating ing lag the arid rId lands of the intermountain country and the consequent increase of population has increased the import Impert importance importance ance of Salt Lake from a speculative standpoint and had its effect upon the market All AIl these causes added to the natural growth of the city had the ef effect effect feet of making a lively season for the dealers E W V Wilson and aud others ethers de declare declare clare dare that thus advance n vance in realty has hasI been fully 15 per cent upon all kinds of I real estate while in some s me instances the increase has been nearer neater to 25 per cent Inquiry at the abstract offices brought out the fact that to a larger extent than in any other year during the last decade the business s done was bona bonn fide tide business transactions By this it is meant that the number of fore foreclosures foreclosures closures have decreased d These forced transfers have been lessened during the year 50 00 per cent from that of oC 1900 1980 Increase of Calas The number of sales saies has also alao in increased increased Increased creased according to the most conservative conservative conservative dealers 25 per cent among them being bel I many sales where the consider consideration alion has lias run into the thousands Among these theBe may be mentioned the sale of the Gar Gardo do house on the corner of Brigham and Suite State streets street to Mrs rs Holmes for the purchase by Mayor Thompson of vf a Il piece of prop property property property erty on Main street between First and Second South streets for the sale to Mrs Mary Judge of feet frontage on Second SecoRd South street between Main and West Temple streets and many others which to together together together gether with the smaller transactions tran swelled the total to or 25 per percent percent percent cent greater than that recorded in 1900 1100 These figures do not take into consid consideration consideration consideration the transfer of the Salt Lake and Rapid Transit Street Car compa companies companies nies to the Consolidated Railway Power company or the mining trans transfers transfers transfers fers which were all aU outside the city though appearing on the books of the county recorder Though an advance has been made all along the line the business has been of healthy health growth gro rth and has never once approached to the heat that might be called a boom Most of the transactions have not been for speculative purposes The deals re recorded recorded recorded corded in the business sections have in intha inthe inthe the tha main been made by actual citizens or those already interested in Salt Lake realty resty Property to be Improved As a consequence most if ff not all of the property even in the business dis districts distrIcts will be Improved the intention being to erect on many of ot them hand handsome handsome handsome some business blocks and thus add to the tile general ge ral attractiveness and wealth of the city The wealth that is yearly coming from the mines and from other pursuits is being put Into Salt Lake realty as asa asa a safe Rife Investment The advantages advantages tases as an educational center its standing as the chief city of oC the intermountain inter intermountain Intermountain mountain country its healthy climate the constantly increasing refinement of I its it social circles altogether has made sit Salt alt Lake Lahe desirable as a residence city As M such it is drawing draing to it in constant constantly ly increasing numbers those who wish to make homes home and who make the most moat desirable So constantly has the real estate business increased and so sanguine have the dealers become In the future cf of the city viewed from their stand standpoint standpoint point that they have determined to es as establish establish a real estate exchange where the business can be boP transacted more intelligently than it is 18 at present The outlook for the future in realty in Salt Lake is bright and at the pres peas present present ent eat prices money invested in it will be beat beat beat at least leut safe |