St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-17
MINNEAPOLIS REALTY.
Healthy and Satisfactory Showing for
the Practically Ended Season.
Sales to Exceed Last Year and the Ba-
sis Much More Legitimate.

The first of December saw what is gener-
ally termed the close of the real estate sea-
son, although strictly speaking this is UNI
true, for even though snow covers the
ground and the rush of buyers from abroad
diminishes perceptibly business still contin-
ues, and the host of real estate dealers find
that the inquiry is sufficiently strong to
keep them busy, while the number of sales
indicate that the market is not dead, but is
only sleeping,
1t is putting it very mildly to say that the
past year has more than met the expecta-
lions of the most sanguine dealers. When
spring opened and building began it was
predicted by some, whose judgment is re-
spected, that the prices would not be MAIN
tanned, but would be lowered before July l.
When July came the grumblers for the
most part acknowledged their error, al
though some postponed the dreaded day.
In view of the
ALMOST UNEXAMPLED PROSPERITY
these forebodings now seem slightly ridicu-
lous. The prices have been sitff1y adj
hered to. and in many instances
there has been perceptible raise.
Never before in Minneapolis has the traffic
in realty been conducted upon SO strictly a
legitimate basis There has been no
boom, no unhealthy fiuctuation of values
Speculation has been nOticeably absent, the
law of demand and supply being the only
| regulator recognized. especially crafty
ing feature has been the unusual number of
cash sales, as indicating not only confidence
but that the purchases are made for i'm
provement. There has been any amount of
money sent here for investment, and while
the demand for loans can be said to be suf-
ficiently strong to encourage Eastern capt.
tai to find resting place in Minneapolis,
there has not been any urgent need for
funds to carry on improvements and the
lenders have generally sought the borrow
erS. 1t is an actual fact that investors have
been in the city who came here expecting
to find opportunities presented by tight
money market which would enable them to
buy property at reduced prices. That they
have been universally disappointed is true,
but in many Instances this stability made
such favorable impression that the invest
ments were finally made at the sellers
terms. The advance in prices is due, of
course, to the
| IMMENSE AMOUNT OF IMPROVEMENTS,
both public and private, that have charac-
| teriZed the year. AS water and gas mains,
paving and sewers have been extended,
property has been enhanced in value CORE
spondingly. The building OF each home
has increased the value of adjoining lots,
and as scores and hundreds of homes, some
times creating whole neighborhoods, have
gone up Oh unfenced land, the increased
desirabllity of real estate in that vicinity
can be easily conjectured. The growth Of
the inter-urban additions has been simply
marvellous. Business and manufacturing
interests have developed Symmetrically, and
no one locality seems to have enjoyed a
boom at the expense Of another portion of
the city. So prosperous has the year been,
and so satisfactory is the condition of bust
ness that real estate owners feel safe in
| predicting that next years business will
even surpass the gratifying showing for
1885. The deeds filed with the register Of
deeds have almost without excep-
| ton represented bona tide transac-
lions, but few transfers made for
trading purposes. The number and total
considerations of the deeds filed will ex-
coed those of last year considerably. The
| following statement compiled from the re-
| corded deeds publised in the GLOBE up to
date indicates what the volume of business
has been. 1t is only just to say that this
does not include all deeds. Owing to the
policy of the register certain deeds have
been withheld from the newspapers, and
only a record compiled directly from the
books in his office can truly show what the
exact total is, which is certain to exceed
very considerably the following showing of
the number of deeds and the considerations
thereof for each month up to Dec. 16.