The New York herald., 1869-06-09
REAL ESTATE MATTERS.

The feature of the real estate market yesterday
was the sale OF Carencevlle IL. I) lots by Johnson
Il Miller About 200 persons attended, who upon
their arrival on the ground, were furnished with a
liberal and substantial lunch, after which the sale
was proceeded with. Two hundred and sixteen lots
had been offered and disposed Of up to twenty min
utes past one O'Clock, when the heavy shower that
came on necessitated an adjournment, which was
accordingly had to Monday, the 14th inst, when the
balance OF the lots will be sold. The bidding
throughout was animated and spirited, and the
prices obtained most satisfactory, without extrava-
giant appreciation. Before the auctioneers left the
ground the whole of the ten per cents were paid n
the party returning TO the city at an early hour,
gratined alike at their excursion and Its results.
AT the salesrooms in the city the dealings were
light, comprising three lots OF unlmproved city pro-
perty, lease OF eight lots up town by order OF the
Sheriff." and part OF the Kingsland manor estate.
Particulars of all Of these sales are suboined.
The renewal OF activity In the real estate market,
this column Is remarkable In its exhibition, after
the prostraton Of the past couple of months as to
have provoked very general and extended notice.
Ieyegrqn, presents fair view OF the situation and
its probable MISREPRESENTATION short
in the real estate market The reactlonar;
feeling which followed 4he culmnat.on Or
Hiy ns SS Of se ss SPRING u
property BY frfnness and determination to hold
their property over what they regarded would be
period of but temporary depression, until time per-
mited clearer understanding OF the general situa-
ton and prepared the way for its Just and proper
appreciation. The result thus far has justified their
sagactY III this regard. Already has the feeling OF
doubt and timidlty which checked investment in
real estate short time since begun to give place TO
reawakened activity. The present season being one
In Which suburban property takes the leading place
Animation in that f Grecton and SO much q
IL as is past the most gratifying results In the
cess which has attended the numerous large sales
recently held. All OF these, with rare exceptions
have taken place on the ground disposed OF, while
the company assembled has been composed largely
OF substantial men seeking safe and profitable in
vestment for their capital, or OF those desrous OF
securing suitable plots FOR the erection OF comfort
able and enduring homes The latter class have in
view the immediate or very early Improvement OF
their purchases, are OF themselves an element OF
future appreciation, inspiring by their more eX-
tended presence in the market increased and grow.
ing confidence. The sales themselves have been con-
Quoted IN all fairness the Objectionable practice OF
buying In having been generally discarded as being
more damaging In It's ultimate consequences than
even the sacrifice OF a few lots at unsatisfactory
feature or undue imitation, but, ON the contrary a
willingness The part Of owners TO be satisfied
OF their enterprise IN bringing these large tracts
the market, with q fair advance upon the previous
cost OF the land The tendency OF this condition OF
things, which has been rpening to Its present fru
ton for month past, Is to cause the promise
OF continued busy season. This is to be
found In the announcements Of sales to be
held during this and succeeding weeks of property
In New Jersey, all the several lines OF railroad
there, IN Westchester county and Long Island while
even the large propretors OF Staten Island perceIv
ing the combination OF favorable circumstances
above pointed out deem 1t the fitting opportunity to
offer portion Of their choice and hitherto
grounds to the public. The dealings In suburban
property will probably continue for couple OF
months yet after which and before the opening OF
the fall business 3 short vacation Intervenes. The
Improvement manifested now can but have ITS infu-
ence then, and with the lessons OF the spring and
summer contrasted cannot fail to prepare the way
for revival OF activity In city property in the add
tiona knowledge gained by both buyer and seller of
the al conditions OF the market.n
To-day two important sales are 10 be held out OF
town. one OF lots at North Elizabeth, n j. ana one
Of the Westchester Park property, situate on the
Harlem Railroad, at Scarsdale. four mites south OF
White Plains This latter has been laid out in villa
plots, under the direction OF General viee Ia agree
inent with general Typographical plan arranged for
the whole Of this section Of Westchester county,
which IL Is determined TO preserve select and excu-
sive for villa residences The main idea to secure
intact the many beauties OF landscape when nature
has bountifully bestowed here, all improvements be.
ing made subsidiary TO this object and designed 10
ad0rn. and not, "a s too often the case, disfgure
the surrounding picturesque scenery. should the
scheme now entertained be followed TO Its 1nal nc
complishment part Of the United States will pre-
sent such features OF natural and artistic beauty as
this region which has thus been dedicated 10 first
class Improvements, under the title OF "The West
Riding OF IleStel.'