St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-02
a BOOMIN REAL ESTATE
The Remarkable and Substantial Advances
Which Has Taken Place In St.
Paul Realty.
Active Trading and an Extremely Healthy
Tone During AL Seasons Of the
Past Year.
Figures which Tell n story OF Impair
alisled Growth and Great Pros
perfty.
Some Instances of Rapid Advance in
values--Notably Favored Lo-
caiitfes.

values--Notably Favored Lo-
caiities.
The year 1885 will undoubtedly be re-
corded as the most successful year in the
history OF St. Paul i'm regard to real estate.
From the first to the last day OF the year
there was, with two unimportant lulls in
the trade. a continuously active market.
and what has been more remarkable than
all else Is the fact that since the natural
close of the real estase year. at The closing
up of the fall and the beginning Of winter.
sales have actually been heavier than they
were during any period during the previous
year. In March aud in July and August OF
asst year there was q little lull. but
Il was, not sufficiently marked TO make
any pereeptible decrease in the gem
eraI onward movement 10 bigger sales and
better prices In every respect 1885 was a
remarkable year in ST. Paul in regard both
to real estate ard building. The year has
been strong aud vigorous The demand and
inquiry for all descriptions Of property In
all sections Of the city have been natural
and enforced. and the large business done
i'm realty during the period has been due To
no special thing or consideration. Nor can
and extraYagant imitation Of prices. Ii was
due simply and solely 20 natural causes, aud
to general and more correct appreciation
Of The commanding position Of the city
and the wealth and power that are
80 near az hand. The whole history
OF the city and the general series Of events,
without any extraneOus aid fully establish
ali that IS here asSeF ii. That the cOndi-
ton of the real estate market for the past
twelve months has been one OF solidity. and
that prices have been real and not fictitious
is evidenced by the fact that prices gradu-
ally increased all the year. A further indi-
cation can be found I'm the fact that all
through this winter. during the months of
December and January, while snow is on
the ground. some OF the heaviest sales have
been made that were ever made In St Paul.
Several weeks this winter the sales have
been larger than they ever were before dur
ing any week, and up to the present writ
ing Negotiations are in progress which viii
result in the largest sales ever made in ST.
Paul -
SOMETHING REMARKABLY.
One thing should be remembered, and
that Is that not only did the aggregate Of
the weekly and monthly sales increase all
along through the year. but hand In hand
dAbuE Will bIf5 llClthcC NNub dlrO ~ ILcC III
prices. 50 that values at the close OF the
year were stronger. higher and tirmer than
at any period Of the year. This increase in
values was not confined 70 any particular
location, either, but extended all over the
city. Ofcourse IL was felt a little more
sharply in one part of tue city than another.
still. in those parts of the city where prop
erty is least sought for, there was
the same firInness and tendency to advance.
THE STORY TOLD By THE FIGURES.
The figures of the present year when put
directly in contrast with those of ether
years tell remarkable story The total
consideration of the deeds recorded last
wear foots up SIS. 526, 473. This amount is
the largest ever recorded and does not in
clude the present month of January, the
sales of which nave been very heavy. The
heaviest year previous to this was 1883,
when the consideration amounted to S12.-
9Sl. 1871. From this 1t will be seen the
transfers last year snrpass those of the
heaviest previous year by sass. 142. When
the result OF last year Is placed against that
of 1854. when the transfers amounted to
IS. S59, 521, il will be seen that last year ex-
ceeds that by 81, l66, $50. The heaviest
month OF the year was February. when the
sales ran up to 50. 052, 424. January and
March were the only months when the sales
fell short of 1000. GOO. The year began
small in January, when the sales amounted
TO 1884. 97l. In February they ran up to
81. o52. 424. and in March they dropped back
to Ss8o.6s1. In April they came up again.
and from that time on each months sales
ran up to not less than 81, 200, 900. The
month OF November WAS unusually heavy.
the last six months of the year SURPRISING
| sla.a frat 81 he One ~
the remarkable incidents 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. This
great increase during the last part of the
year has been continued up to the present
month. and business was never more
active than at the present time. Sales dur
| ing the whole of last month have been very
heavy. more so probably than during ans
month last year. Beyond all doubt the
| year 1856 will as far surpass that Of 1855 az
| that year surpassed all previous years.
| The result is very satisfactory, but 1t Is
only commensurate with the general pro-
gress of the whole city in all its material
interests. The city has during the pas
twelve months stretched out in a wonderful
manner in everything that pertains to every
description of business. There has been
during the past year very large amount OF
foreign capital invested here The growth
and progress of Sc. Paul impresses every.
| body who comes here. There Is solIdlty
| firmness and energy TO be observed here
| that are very noticeable. This naturally
attracts capital and causes people 10 con-
clude that II is desirable place In which
| to invest money.
ITS WONDERFUL GROWTH.
During the past thirteen months the city
has been very largely extended. Its energy
and capital have found and made new
/ fields IN which TO develop its resources
\ Suburban residences have been established
/ in various parts of the city. new manufae
lures have been established. old ones en-
larged, new wholesale and commission
houses have been established. new railroads
have been brought la here and new enter
| prises OF varIons kinds have beer
| established. One of the most notable
| i'm the manufacturing lines is that of the
Bohn manufacturing company. which VII
! find permanent home ON Lake Phalen
| This is very large establishment and sends
many of its manufactured goods 10 forelgl
lands, and cannot but add greatly TO tn,
business interests of St Paul
| LARGE ADVANCE AL AROUND.
OF course, this prosperity must necessar.
lily increase the value OF real estate. and !
also tends to increase the amount of rea
estate offered in the market 1t is impos
sible to find piece o.. property in ST. Pan
that has not felt the effect OF this influences
\ upon the market All through the citl
1 ~ha-