Salt Lake Telegram | 1906-06-23 | Page 9 | Realty Market Now Steadying and Climbing

' ; r-, . r-; - .......... w 'H 1 " 1 " ' v There was no "boom In tne local feaf state market this t wee, but , was steadier than It has been Cor months. -The summer business has begun, And things will n6t move as fast as before, be-fore, frThe caU for properties still fAr exceeds the supply. The fads And fan- Cles of the market thU.yex, fun to modern, homes dnd'eottagee of five to six rooms, And selling la the neighborhood neighbor-hood of $8000 to f 5000. Never before has there been such a demand for these properties as there is now. Material Is High. V . . v . . There' Are only a few houses being built this summer on Account of the price of material. One man started this spring to hAve twenty-five cottages cot-tages erected, but of the number only five have been built on Account of the scarcity of brick And other material. There Are a large number . of other persons who would do the same, but are facing the same difficulty. With these difficulties there la more bulldlng-tbis bulldlng-tbis year than ever before. Building is not restricted to Any particular district, dis-trict, but is general. Pemaixl For CottAges. "If there were 100 new brick five or six-room cottages, ranging in price from Sf000 to $(000, placed on the market, they would be disposed of in a week," said a dealer todAy. "There never was. such a demand before for this class of real estate. "The proposed building of the new Rio Grande depot has started a boom ' in property In that section of the city. "There has only been an average number of- small deals closed this ifreek. ( "Every real estate man in town has been busy, but there has not been the bustle of other weeks. There was only one big, deal closed, and that was the sate of the property at Fourth South and Marrf street to M. R. Uchtensteln for $40,000. "There are at least four immense deals now pending that will be pulled off within a few weeks. There are two deals for Immense manufacturing concerns." con-cerns." . .