St. Paul daily globe., 1885-12-20
IN REAL ESTATE.
The Heaviest Business Of Any Twelve
Months in the History Of
the City.
More Than Fifteen Millions of Dollars
Worth of Property Changes Hands
in 1885. M
A Steady Increase in Values Noticed
in Nearly Every Part of the
City.
No Room. but a Solid Condition o1
the Trade--Some Interesting
Comparisons.

Comparisons.
The year 1885 will go into history as the
most successful one in real estate that OF.
Paul has ever seen. In general way IL
NAV be said that from the beginning to the
close of the year there has been general
and continuous increase. month after month.
Although in March and also in July and
August there was a little duilness in the
market. it was not sufficiently marked to
make any perceptible Stoppage in the con-
tinuous onward movement in prices and In
the demand for property. Taken Ill all It's
aspects the year has been strong ana Wig
orous one in this line. The inquiry and de-
mand for all descriptions of property in all
sections of the city have been natural and
unforced, and the large business done i'll
realty during the season spoken OF has been
due to no special thing or cOnsidera-
ton, nor to any boom or unusual and ex-
travagant imitation of prices, but to gen.
eral and more correct appreciation OF the
significance and importance of this city, its
location and commanding influence. The
solid facts, the logic of events, and the
whole sweep and influence of the times
tends to establish the truth OF these asser-
tions. That the condition OF the real eS-
tate market during the year about to close
has been one of Solidity, and that prices
have been real and not fictitious, is eyi-
denced first BY the fact that during the
whole year they have been slowly. it is true.
but gradually and surely advancing,
and second, that now, at the close
of the year, in mid-winter. when
the market is supposed to be closed and
trading in real estate is about ended, they
are even firmer than they were at any time
during the whole year. This Is
FACT OF PECULIAR SIGNIFICANCE,
and one, too, that should be borne in mind
by all who have any interest i'll the prog
resS Of the city, and also by all who deal III
real estate or who contemplate dealing in
it. Not only did the aggregate OF the
weekly and monthly sales increase all along
through the year, but hand in hand along
with this increase went also the rise of
prices. so that values at the close of the
year were stronger, higher and firmer than
at any period of the year. This increase
in values was not confined to any par
ticular location either, but extended all over
the city. Of course it was felt little more
sharply in one part of the city than another,
still in the leaSt-sought-for parts there was
the same firmnesS and tendency to advance.
The construction of the Minnesota 81 North
western road through the Sixth ward gave
to property in that locality very sharp and
decided advance. and except what is known
as the Midway district, no part of the town
has increased in value so rapidly, or held it
so firmly as has West st. Paul. The Mid
way district comes next. This real estate
prosperity, however, is really nothing more
than what may be termed the
EVIDENCE OF GENERAL PROSPERITY.
When people can afford to buy real es-
tate as they have in st. Paul dur
ing the past twelve months, this fact
furnishes indisputable evidence that
all branches of business are Welding profit
to those engaged in them. The material
progress of the city has not been lost sight
of. but that, too, in all branches has kept
pace with the advance in real estate. Many
new branches of trade and manufactures
have been established here and those that
were here before have been enlarging their
capacity and increasing their business in
many cases. In other words the city itself.
in all its departments, has made such ma
terial and decidedly healthy and solid
progress as it never before witnessed, and
the year is drawing to a close, under such
circumstances as to indicate that the coming
one will surpaSs the present. Prices are
firm, there is money enough, everybody is
confident, population is increasing, and
while there is no boom, every thing is solid
and full of promise.
WHAT THE FIGURES SAY.
The figures of the present year, when
put directly in contrast with those of other
years, tell remarkable story. The total
consideration of the deeds recorded this
year foots up S15, ,526.473. The heaviest
year previous to this was 1888, when the
consideration amounted to S12, 9S1, ,331.
From this it will be seen that the transfers
this year surpass those of the heaviest pre-
vious year by 81. 545, 142. When the result
of this year is placed against that of 1884,
when the transfers amounted to SS, 359, ,521,
it will be seen that this year exceeds the
last by 81, 1855, 952. The heaviest month in
Jhe year was February, when the sales ran
up to 81, ,052. 424. January and March were
the only months when the sales fell short
of S1,000,00 The year started in
small in January, when the
sales amounted to S3S4.971. In February
they run up to So. 052. 424, and in March
they dropped back to $3.50, 6S1. In April
they came up again, and from that time on
each months sales ran to not less than
$1,000, 600. The month of November was
unusually heavy the last six months of the
year surprising considerably the first six
months. The most remarkable incident
connected with this real estate business is
the fact that in the last part of the year,
especially the last two months of November
and December, the heaviest sales
were made. November and December
aggregate So, 351, sos. Even up to the
present moment there seems to be no indi-
cations Of stop in buying and selling. The
figures here presented. taken from the books
of the register of deeds, tells story of
great interest to the people of ST. Paul. 1t
tells of the sale of 6, 6,093 pieces of real prop
erty for the sum of SIS, ,526.473. Yet, ac-
cording to all the indications, the coming
year promises to far surpass the results Of
the present year.
THE RECORD.
Following is the record by months of the
number of transfers and the considerations
for the last ten days of December being
estimated.
No. Trans Consider
ferS. alton
January. 259. S3s4,9Tl
February 251 2,052, ,42l
March, .,.,,. 400 $50. .6Sl