Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-31
REAL VALUES.
Because They Record the Transfers Of
Realty.
SALES OF THE YEAR BY MONTHS.
An Aggregate of over Nine Million Dol
lars and 1880 Actual Sales.
INCREASE ASSESSED VALUATION.
Which Has Grown From $4,000 to
Over Thirty Millions. a..
FIGURES WHICH SHOW SOLIDITY.
On Which the st. Paul Of the Present
SALES OF THE YEAR BY MONTHS.
An Aggregate of over Nine Million Dol
lars and 1880 Actual Sales:
INCREASE ASSESSED VALUATION.
Which Has Grown From $4,000 t.
Over Thirty Millions. a..
FIGURES WHICH SHOW SOLIDITY.
On Which the st. Paul Of the Present
.,soe and Future Can Safely Rest.

On Which the st. Paul Of the Present
..ss,.y and Future Can Safely Rest.
The solid, conservative city of st. Paul
has not, at any time during the past year
experienced the sensations that arc usually
supposed to be included in the significant
word ''boom." While many ether cities
have had their real estate values largely
inflated, and have experienced sort of in
temperate wildness in regard to prices,
st. Paul has gone along in quiet, patient
way, being satisfied that sooner or later
her important and commanding position
at the head of navigation, her moneyed re-
sources, and her vast railroad system
would assert themselves. She folt that
she would prefer to have the slow and
solid growth of irresistible and permanent
progress than the spasmodic, fictitious
and delusive growth that in
the nature of things must
be temporary. She therefore has
allowed real estate matters to take their
own natural course. No expedients have
been resorted to to force the market. No
outside Influences have been brought to
bear to initiate the market. One of the
most remarkable circumstances connected
with real estate affairs in st. Paul during
the past year has been the independence
OF the real estate dealers This has been
one of the striking peculiarit1es of the
market all along. Even to this day this
condition OF the market can be seen by
any one who will take the trouble to 90 into
real estate office. A price will be put
upon any property that is for sale, but
when the price is once placed it remains.
There is no wavering. The value is fixed
and permanent, and the purchaser can
not be more Indifferent than the holder.
In nine cases in ten if the purchaser comes
again he will see the price advanced, and
wish he had taken the property before.
From the opening of spring to the present
time there has been a continuous
advance. In most parts of
the town this increase has
been gradual. In ono or two localities
like the lower part of town, in tho vicinity
OF Third and Fourth streets, the advance in
price has been moro sudden and marked.
As q general thing, however, prices have
slowly but surely and gradually increased
from the first opening of spring to the
present time, throughout the whole city,
and no person can tell where they will go
next year.
THE AMOUNT OF TRANSFERS..
The total amount of transactions for the
twelve months past is $9,03S,6S4. The year
opened with sale of $228.148 worth of
real estate in January last. This amount
was gradually increased till in August,
which was the largest month, with one ex-
ception, for the year, when the sales
amounted to $1,107,64O. The largest
month of the whole year was November
when the sales run up to $1,123,2Oo. The
average sales per month for the year are
S753,219. This showing is likely to be
largely surpassed during the coming year,
and there is no way of forming any idea of
where prices will go to next season. That
there will be a sharp and decided
advance IS conceded. Pretty
much all the available acre lots have been
picked up and plated or arranged for
plating. The wave of advance is felt in
every direction in West st. Paul, on Day
ton Bluff, in East st. Paul, on st. Anthony
Hill, out beyond Elevator B, on Arlington
Hills, and even out to Midway, where
Commodore Kittson keeps his horses. All
around the city, in every direction, still
further advance may be looked for.
WHERE THH LARGEST ADVANCE.
1t is pretty difficult to point out particu-
larly, and measure precisely just how
much property has advanced in
each locality, or where it has ad-
vanced relatively. the most.
The property on St. Anthony
hill, between Summit and Dayton avenues
was held for pretty good prices when the
year opened, but it advanced nevertheless
very rapidly, and much more in proper
ton than any other residence property in
the city. In fact, very little business
property increased in value as fast as did
this, especially all through Woodland park,
and all along beyond. The superior quail
ity and style of the residences, the large
amount of money put into the residences,
and the improvements of the grounds, have
served to make this the garden spot of
the city. It has not its equal any whore in
shis region. The property on Dayton's
bluff has been hold back for long time.
Formerly there was great deal of litiga-
lion in regard to it, growing out of tho
complications of the Dayton heirs. Com.
plications were increased by the strange
proceedings had in tho probate court. Poo.
Die came to be fearful of the result. They
lid not like to buy into law suits. The
consequence was that Dayton bluff
property was neglected for years. During
he past season it has Increased very
apidly, and will advance still more.
fourth street, from Broadway to Kittson
treet, is the banner location. Here
property has advanced from $500 to
5000 per lot. All that part of
he eity, bounded by Jackson, Broadway,
I,ird and Seventh streets has increased
cry largely, and every piece of real estate
ithin the limits named is 80 peculiarly
ituated with reference to the business Of
1s city that it must be much higher very
Don.
80. RAILROAD PICKUPs.
One of the most striking and significant