Salt Lake Tribune | 1916-01-02 | Page 33 | Sales are $692,500 for Local Company

SALES ARE 5882,500 FOR L0MP1 Thai the local real estate market is coming to tile front is evidenced bv the annual report of Burt & Carlquist 'company, 'com-pany, who during the year lTMi made a total of 130 deals, which means that this company closed on an. average a reaj estate es-tate deal every other working day in the entire year, The total consideration of this business amounted to $692,500, which makes each deal average $.t327. Mr. Bnrt, In speaking of this showing, said that it was not likelv that there would eer develop in the future the excitable ex-citable conditions which had characterized character-ized the "real estate booms" of the past. A few. years ago, when people bought .real estate the question uppermost in their minds was. "How much will this property increase in value?" Now the question which the real estate investor has in mind is. "How much income will this property produce?" This is a sound condition, and with buyers taking this view of the real estate market there is bound to develop a condition which is greatly to be desired. Burt & 'Carlquist company have enjoyed en-joyed a greater degree of profitable bui!-ness bui!-ness the past six months than, nnv like period since the company was organized, and tlie outlook- for 1516 is that real estate es-tate In Salt Lake City and the surround ing rarmintr and ranch country will steadily advance In value, as it is realized that tlie values are based upon real producing pro-ducing conditions, and not in any sense uprm "boom feelings.'.' -