Show jU 3 U SALT SAU LAKE REAL ESTATE Sf A If DEALERS HA HAVE V G GOOD D YEAR Salt Satt La Lake e real estate state dealers had hadan hadan an nn active and prosperous year ear In 1928 and are re embar embarking on the new neV year car with bright prospects for tOr continued continued con con con- progress Every phase of the real estate business except new v construction was better during the past year than in 1027 1927 according to figures compiled by the Salt Lake real estate board The falling off ort In new construction construe Ion tion was Ic less for r Salt Lake than I for the country as a whole and this slight decrease was occasioned almost t wholly by a slump in apartment apart ment mont house construction a field In which the city was becoming over built There were fewer homes built In the city in 1928 than in Jn 1927 but the total value is approximately the samo sarno as the the- trend ha has been toward better and more expensive residences Remodeling of downtown downtown downtown down down- town business properties on the theother theother theother other hand and has been the most extensive ex tx In several severa years rears a a. conservative conserva tive Uye estimate for this class of build building ing lag being eing well wen In Jn excess of ot 1000 Business properties which have been remodeled or enlarged a addIng addIng add add- d. d Ing to the appearance of ot the business district include The Kress company compan the International Dollar chain store the Heber J Grant building the Owl Drug store the Salt Lake Telegram Barnett Weiss company the thc Tribune building building build build- ing the CooP Co Furniture company the tile Taylor Glazier Hosiery company com corn pany the Candy company I the Salt Lake Photo Supply company com corn pany the Upstairs Clothes company the Felt Radio company and the thc Cook Tea and Coffee CoUe company compan SALES ON INCREASE But tho the chief reason for for forthe the prevailing pre pre- optimism among realtors is the tho increased activity In homes and home sites During the past year seventy seventy eight eIght more sales were were- listed list Hat ed through the tho multiple e listing bu bureau bureau bu bu- reau than during 1927 1027 and the Increase increase in In- In crease in total value Is approximately approximately I These sales were I I all aU made by the members of ot the I Salt Lake real estate board which includes in its membership the nineteen leading dealers of tho the city A A. comparative table of ot multiple listing bureau sales for tor the past two number of transactions transactions trans trans trans- years showing the of ot actions and total value for for- each Cecil month follows 1928 1927 1827 No o No Trans V Value lue Trans Value Jan 46 37 I Feb b. b 60 GO 60 34 March Malch 72 63 2 1976 April Apri 56 2825 0 44 May Jay 57 57 19 1866 0 June June- 37 GO 60 July 67 67 44 Aug AuS' 57 57 41 Sept 53 53 51 Oct 51 61 51 68 58 Nov 39 31 42 Dec 17 21 Totals' Totals 2 Another nother significant nt and encouraging encouraging aging situation is revealed b by the boards board's vacancy survey undertaken for or the the- purpose of ascertaining the thc building needs peeds of the th city as re reflected reflected re re- In th the utilization of oC existing properties The report complied compiled in October showed a substantial decrease In the in-the the number of ot vacancies in residential property both bolh homes and apartments Tho percentage of ot vacancies In this classification was vas between 5 and 6 per pel cent while for apartments alone it was wan 92 per cent a decrease from 11 per pcr percent percent cent in 1927 As the generally accepted accepted accepted ac ac- ac- ac normal vacancy Is 5 Ii per cent in family residences and 10 per cent in apartment houses the the- situation in Salt La Lake e is very cry encouraging especially when compared to other cities of ot the country In the downtown business section the survey I showed owed that only about a half dozen first class stor stores s were ere vacant and available for rent The downtown vacancy based on linear fronta frontage l' l was 62 per cent |