Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-31
ST. PAUL REALTY.
The Sales of the Year showing a Great
Increase.

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The Sales of the Year Showing a Great !
Increase.
The real estate market / n ST. Paul dur
ing the year has been, for the most part, |
active, and at all times, whether the |
market was active or not, prices have been
very firm indeed and solid throuhout the
whole period. There has been no huctu-
alton or indication of a falling of III
price. Though this be the case the
amount OF transactions for the year will
not figure up quite as much as the
sanguine dealers III real estate hoped for
and expected. When in the summer the
rains descended throughout the northwest
ern wheat belt the expectations of people
were very much enlarged. With the as
surance of a good crop of No. 1 wheat no
one had any doubt shat big prices and
liberal purchases would prevail. In this
conclusion We we're disappointed in q
degree. That is to say, throughout
the whole population of st. Paul there is
avery conservative feeling. The peopls
here do not believe in buying more than
can be paid for, Or in bogus real estate
TRANSACTIONS where thousands of dollars
| go on record IS the consideration for real
estate sales that have NO real foundation.
The real, BONA ide sales Of the year,though
they show a large increase over the pre-
vlous year of 1882, do not
show as large an increase
IS it was expected they would. The sales
for the year foot up 3d. 3S, 604, which is
q Very large increase over the previous
| year. The first six months shsw s much
larger business than the last six months.
After August the sales began to
decrease quite rapidly. With the
ideas that prevail in this
community the first half OF the season will
always be The most active season for trans
actions in the real estate line. In the
early spring and summer purchases are
made for actual improvement and the
buyers are always anxious TO get the i'm
Provement upon the property as soon as
possible, whether it is a dwelling house or
a business block. AS the purchase is not
made for speculation but business,
they are always anxious to
see the business come
do soon as possible. In 1852 thers were
4,4f7 warranty deeds recorded, while in
1883 there were 1874, being an increase of
427 instruments over the previous wear.
Although the increase is large, especially
during the first half of the yeer, there has
not at any period of the year been that
condition of affairs popularity called q
boom" Ths increase has been natural,
healthy and stable. This is dem
onstrated from the fact that prices have
gradually Increased throughout the year
and though curing the last four months
sales have besn less in number, prices
have not recaded and the season ciosses On
a market with prices just as firm and solid
as they were at amy period of tho year.
Nay seems to have been the largest
month in the year, when 1913
deeds were recorded, with a valuation
of S1,933,920. January commenced with
2o7 deeds valued at $679, 749, and Februa-
ry followed with 226 deeds with a valua-
ton OF S597,991. The number of deeds
recorded in February is actually thirty
less than during the preceding year.
March followed and proved to be the sec
heaviest month in the year, the deeds
numbering 439, and the amount of trans-
actions being 1864, $50. April YVES also
q fair month with GA deeds
a valuation OF S1,476,-
b4o. June showed considerable
activity with 5S3 transactions and q valua-
tion Of $l,7S0.118 July kept u fairly
well with 397 deeds snd a valuation OF
YL,l49,616., In August there was q further
decline IN the transactions and the ram-
Der OF deeds vas 369 with a valuation of
$l,O9O,649. In September there were 361
with a total valuation of $696,O77. Octo-
Der increased the amount slightly, the
deeds being 345 with a valuation of $685.
O19. November showed 1856 deeds with q
consideration of $792,506. Deoem.
Der, the last month in the
year, gives 1876 deeds with &
money consideration of $685. 13. This
statement shows that after August, during
the last four months of the year, there
was a considerable falling of.
Altogether the year has been one of the
most active and prosperous We have ever
had in st. Paul, and at the close of the
season, when mid-winter practically shuts
, up real estate transactions, the market
closes down on firm und steady prices
and a solid, healthy tone.