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WINNETKA WEEKLY TALK, SATURDAY, SEPTEMBER 19, 1925 NEWS OF INTER EST IN REAL ESTATE AND BUILDING RELDS FAILTO WORRY OVER OCTOBER 1 Renters and Buyers Taking Their Leisurely Time The approach of October 1 and ex- piration of leases seems to hold no fears for numerous prospective home owners and others who have sold their properties without yet having found a definite residence for the fu- ture. One of the most peculiar situa- tions seen among real estate men for some time has developed as a result. The unperturbed calm which per- vades the ranks of home-seekers dur- ing what is usually a rush season has caused a good deal of muystification. There is hardly a real estate office on the north shore but has a list of peo- ple seeking homes, and who have just recently sold their own properties here or elsewhere. Their faith that it will be easy to find an abiding place seems to be absolute. No Rush for Home Mixed with these are the usual few who have been too long desultory in choosing a home and are now pump- ing frantically from place to place in search of one that suits their fancy. These are in the minority, however, Four instances were cited in two real estate offices of people who had just disposed of their homes and the sell- ers, although wishing to retain their residence on the north shore, were not in any hurry to sign leases or pur- chase property. The theory of some of the real es- tate men is that the existence of a large number of empty apartments has left the home seekers confident that they can take their time without dan- ger of being left out in the cold for the winter. The buyers who are asking real es- tate men to find homes for them, with possession on October 1 have caused considerable rush. But the files of every office are full of deals which are only through the first stages of negotiation and will take from a week to a month te close. Find Active Market The situation does not alarm the real estate men, however, who point out the fact that the type of individual who takes his time in buying is one who is seeking a permanent residence and will be sold easily, once he finds what he wants. There are listed, also, a number of buyers, representing a real market, who are seeking homes in sections of the north shore other than those in which they now reside. All of these, point out the real estate men, form an active market which will remain good for some time to come. Even if a number of families are temporarily caught without homes and move into Chicago or Evanston apartments, they still remain potential buyers of north shore property and will eventually come north. It is, they say, merely a spreading of the market over a longer period instead of con- centrating sales within a short rush season. JULY HAS HIGH REALTY RATING Transfer Activity Hits Peak for Year The index of real estate activity computed monthly by the National As- sociation of Real Estate boards reach- ed 178 for the month of July, 1925. The figure, which is based upon official reports of the actual number of real estate transfers and conveyances recorded in typical cities, is the high- est figure recorded for the month of July during the nine and a half years covered by the association's records, and the highest point reached for any month of the present year. While the computations, with the records of the 41 cities for January, 1916, show a long-time trend toward an increasing number of transfers and conveyances each year, a factor which has not been excluded from the index, the figure 178 for July, indicating an activity 78 per cent above the average for July of the years 1916-1923, which have been taken as the norm, indi- cates a more than usually active real estate market. The index figure for previous Julys were as follows: For 1916, 67; for 1917, 68; for 1918, 68; for 1919, 109; for 1920, 114; for 1921, '99: for 1922,121; {for 1923,°153; for 1924, 151. The figures for the earlier months of 1925 were as follows: January, 171; February, 173; March, 168; April, 176; May, 168; June, 164. Mr. and Mrs. George H. Fay, 335 Oak circle, returned last Sunday from a boat trip to Port Arthur, Canada, taken by way of Sault Ste. Marie. A. R. EDDINGTON GOES TO FLORIDA'S FIELDS A. R. Eddington, of the real estate firm of Eddington and Allen, Inc., left last Saturday for Ft. Lauderdale, Fla., to spend the winter months, where he will operate in conjunction with the Wilmette office of the concern. Mr. Eddington has rented his home until May 1, and he and his family are mak- ing the trip by automobile. D. E. Allen, Jr, of the same firm, will remain in Wilmette, and direct the Wilmette office. Mr. Allen brands rumors that the firm is closing its north shore business as unfounded, adding that Eddington and Allen Inc., will continue to handle north shore property from the offices at 410 Lin- den avenue as in the past, and that Mr. Eddington will return to Wilmette early next spring. Any one desiring information about Fr. Lauderdale, Fla., and vicinity can call the Wilmette office, or communi- cate with Mr. Eddington at Ft. Lau- derdale. Kenilworth Instructor Takes Wilmette House Prof. R. J. Finnegan of Maywood, has purchased the residence at 724 Elm- wood avenue, Wilmette. Prof. Finnegan and his family are to have possession of their new home October 1, and plan to move in im- mediately after that date. He has been a manual training teacher at Kenil- worth and will serve in that capacity again this year. Edward A. Zind, who sold the prop- erty to Mr. Finnegan, has moved with his family to Chicago for the present. Village to Buy Tractor, Scraper, Sweeper, Pump Equipment including used tractor, and snow scraper and road sweeper to be attached, will be purchased by the Village from A. M. Rykoff, elec- trical contractor who installed the new lighting systemn. The total cost of the purchase is estimated at about $830, representing a 40 per cent discount. The Village will also purchase a gaso- line pump for catch-basin pumping at a cost of about $230. The purchases were authorized by the Village board Tuesday of this week. OCCUPY NEW HOME Mr. and Mrs. F. P. Whiteley, who recently purchased the residence at 816 Elmwood avenue, Wilmette, moved into their new home Monday. Miss Nettie E. Dyer, who sold the residence to the Whiteleys, is also moving into her new home at 905 Greenwood ave- nue. TRANSFER MART BUSINESS GOOD Find Attractive Properties Ready Buyers Real estate transfers for the week include a number of attractive north shore properties, scattered as to their location, but indicating the trend north- ward of many of Chicago's most "con- firmed" citizens. There is also some interchange of properties between north shore residents, some of these, it is known being for large figures. A number of these were private sales, no agency being involved in the sales. In the Chicago North Shore Land company subdivision, lot 14, block 15, was transferred, dated August 15, from Edwin R. Cole to Roy Andrese. An indicated $15300 is given as the amount in a transfer of lot 30, 33, 42, 13, in the County Clerk's division, from Albin Abranson to Ludwig Skog. A north Evanston transfer of in- terest is the purchase by William H. Severin of the Clarence H. Meister property, Sheridan road and Return boulevard subdivision, known as lot 21, block 2, dated August 1. John Richardson is reported to have bought the Earnst Lindeman property in "Twp. 42, part of s. e. 14,30, 42, 13, on June 30. Dr. Herbert C. West is reported to have sold his Forest avenue property Honest Investments Invest your money here where the principal will be safe and the high interest rate certain. Phone Univ. 285 or Rogers Park 0272 and ask for our securities list. "At Home at in block 12, Wilmette Greenleaf resub- division to Mr. Casterline. Ralph McCune purchased the George A. Skinner property known as Wil- mette Gages addition, part of lot 8, block 11, on August 7. McGuire and Orr are said to have been agents for the deal. Also in G. of part of block 21 from Charles F. Roberts. Torrens system transfers list the sale of the Winnetka residence recently built by James Crabb for B. C. Tufts. with David Crabb named as the former owner. This is in the Remy Park sub- division, lot 4, 21, 42, 13, and is dated September 1. The consideration is said to have been in excess of $30,000. In Wilmette, lot 1, block 17, was transferred on September 1 from An- drew Gering to A. N. Rennert. Wilmette Gages addition, Mrs. Alexander S. Joslin of 240 Es- sex road, was hostess to the Home and Garden club on Monday. Mrs. John Lind was the speaker of the afternoon, delivering a talk on "Delphiniums." Mr. and Mrs. George P. Nichols of 519 Warwick road, entertained a party of their friends at dinner on Sunday. R. Stewart is named as the buyer BROWN AND RUSTON Builders of North Shore Homes Glencoe 1158 665 Vernon Ave, GLENCOE, ILL. BARGAINS IN WILMETTE VACANT East Side Chestnut Ave. y. vevion, $200 ft. Ashland Ave. ive. deco 130 ft. Greenwood Ave. ........ 135 ft. Elmwood Ave. ...... x 125 ft. Borest AVE. derivate 125 ft. Lake Ave, wm. crs 185 ft. Central Ave. ¢. J ilvidd. 175: £¢, West Side Blmwood Ave, ....csves: $68 ft. Walnut AVe. i. oat 65 ft. Spencer: Ave! . i. coi... 65 ft. Clore, Budinger & Smith Real Estate--Insurance 1177 Wilmette Avenue Wilmette 1750 FOR SALE Wilmette 6 ROOM & BREAKFAST NOOK, Brick House, Hot Water Heat, Hardwood Trim; Lot 50x165; Convenient to transportation. Terms $17,500.00. 7-ROOM, STUCCO RESIDENCE, Garage attached, on Lot 60x159%5, Choice Location. Terms $22,000.00. 4-ROOM BRICK BUNGALOW, Hot Water Heat; Lot 50x150. Terms $13,500.00. 7-ROOM FRAME RESIDENCE, Hot Water Heat, Garage, Fruit Trees, Corner Lot 250x185; Bar- gain. Terms $17,500.00. . : 6-ROOM BRICK BUNGALOW, New and Modern, with 4-Car Garage, on Lot 350x163; South Front. Terms $17,000.00. Winnetka 9.ROOM BRICK RESIDENCE, (Indian Hill), Lot 80x215; Very Choice Location; Bargain at $20,000.00. FOR RENT Glencoe 5-ROOM BUNGALOW, FURN- ished, Modern, Rental $110.00 FOR SALE Country 5.ROOM FRAME BUNGALOW, 3-Car Garage, on Lot 132x660( acres). Terms $15,000.00. 5-ROOM STUCCO BUNGALOW, All Improvements, Lot 75x197. $14,000.00. Very choice Tracts, from 1 to 80 acres, in good locations and reason- able prices. J. H. Schaefer & Co. 831 RIDGE AVE. WILMETTE, ILLINOIS Phone Wilmette 364 Wilmette to Waukegan. | We Will Build For You! The Home You Want 109 Down Balance on Monthly Payments A complete service--plans, etc., all included in our price. See the homes we have built on the North Shore from Use that vacant lot. Lake County Construction Company 10 N. Clark St., Chicago, Ill Phone State 8825 69) Money to Loan on residences, in Wilmette, Winnetka and Glencoe and other North Shore Villages. > ) The Orrington" HIS announcement to your friends tells them you possess discernment in choos- ing the good things of life. Dignity, poise, contentment mark the hours spent under our roof. Friends will enjoy being invited to visit you; you'll act as host and hostess with assurance that Orrington hospitality can seldom be equalled, never exceeded. More than a Hotel; it's Home! Inspect the variety of suites. Come any time. Know the comfort, the attractiveness of this fine Hotel. Tel. University 8700. In the last 41 years we have served many thousands of borrowers. Our terms are reasonable--why not come to us? Quine Tyson Established 1884 H. H. Banford, Mgr. Loan Dept. Real Estate--Property Management--Loans--Insurance 40 North Dearborn St., Chicago 1571 Sherman Ave., Evanston "SUCCESS The keynote of our rapid success is service; service in truth and a sincere desire to be of benefit in matters of real estate, based upon experience and close observation. You will find this office untiring in its efforts to please and co- operate with you to the fullest extent for your welfare. LIST YOUR VACANT AND IMPROVED PROPERTY WITH US. WE HAVE CLIENTS WAITING. North Shore Real Estate 418 Linden Ave. Co. Wilmette 2778 or Sl