St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-22
From All Points the Market
Appears to Have Greatly
Improved.
Inquiry Is More Frequent and
Sales Improve Every
Day.
The Whole Town Being I'M
proved With New Build
ings.
MI. - Wall 20 Evoouo fin0r CO.
The Work Of EXcavating Co
ing on for Some Very
Large Buildings.

The weather, upon which so much is
supposed to depend in real estate mat
tiers, has, during the past week, changed
considerably for the better, though it is
very far yet from being what it should
be. During the pleasantest of the days
there has been kind of tinge of sour
ness, as though Winter were unwilling
to give up the ghost.
49,
With the improvement in the weather
came corresponding improvement in
the real estate market. The change has
not been very great or marked, still
there has been little awakening from
the winters sleep. Inquiry has been
stimulated, and during the last day or
two of the week a good many went out
to look at suburban property, the result
of which was that quite a number OF
good sales were made.
~
The late advent OF spring causes the
heart of the real estate dealer to
weaken and his whole spirit to be cast
down. Still he begins to take courage,
for he has heard few notes from the
robin and the bluebird and is setting
his affairs in order. Present inquiries
are mostly for business property and
for locations for residences.
-
From the character of the building
permits that have been issued, it is very
clear that an unusually large number
of residences are being erected in all
parts of the city. In any direction in
which one may go-on Dayton's bluff,
st. Anthony hill, Hamline, Midway
Heights, West st. Paul, north of the city
out Rice street, Arlington Hills, every
where it is the same story. Everybody
building outside of the business part Of
the city consists of dwelling houses. 1t
is very evident that unless something
unusual and very unexpected happens
this summer will witness the largest
amount of building in st. Paul's his
tory.
This would indicate very large adj
dition to our population. For the last
zSixsor seven months those engaged in
the zeal estate business have had occa-
sion good many times to note and
comment upon the unceasing de-
mand for dwelling houses. There is
hardly real estate dealer in
st. Paul who has not had list of ap-
plicants for houses in his establish
ment all winter that he has not been
able to supply. This has really been
quite nuisance to all engaged in the
real estate business, and the hunting
for HOUSES that are not to be found has
pestered these same dealers for the last
six or eight months beyond the power
of words to tell.
49,
Now that spring is about to open,
building will progress with more rapid
ity, and the swarm OF house hunters
offices will, in a considerable degree,
disappear as the new houses
in every part of the city
are completed. This will accom-
modate good many, but not all.
Many will be left to get along as best
they can. Much has been said upon the
subject of building moderate-priced
houses in st. Paul, the lack of which is
misfortune and an inconvenience, for
which there seems no remedy. The in
fluX, however, of population so far in
excess of accommodations, speaks vol
umes for the city, and shows unmistak-
ably its growth.
~
Inquiry for real estate during the last
three days of the week greatly increased.
During all the winter there has been a
good demand for property on St.
Midway. Property in this district
seems to be in demand at all times of
the year. AS prices of property in the
locality mentioned are rather high, there
has been a growing demand for prop
erty in the district north of University
avenue. and along Rice street as far out
as Front street and beyond. All this
property is high and every way desira-
Bile, and as for years it has been neg
lected, it is very cheap compared to
almost anything in the city.
Dayton's blnff has been struck with
quite a good-siZed boom this season.
Last year this part of town, all things
considered, showed more vim,
push and energy than any other
part of the city. Street car lines
were extended in variouSndirections,
water mains put in and sidewalks laid
to such an extent that the whole ward
seems to have been rebuilt. 1t was a
marvellous growth last year, but it
seems as though this year would far
surpaSs all that was done in 1887. AS
was stated last week, there is good
deal of talk about extending the cable
line out in that direction. If this is
done there is no such thing as making a
respectable guess at the vast and bene-
fetal results that will follow.
Everybody remembers what a wilder
ness that well-known bluff was before
the street cars climbed the Seventh
street hill, thence on to the east. New
life and energy seemed to be breathed
into all the population on the bluff. All
went to work with renewed vigor, and
the work that was accomplished in i'm
proving that part of the city was mar
velous. There is much in that beauti-
full bluff that will always cause it to be
regarded as one of the most conspicu-
GUS points in St. Paul. The avenues
that have been laid out, and the parks
that have been partially plated will, in
the coming years, make this very
beautiful and picturesque part Of the
city.
49,
West st. Paul property remains firm
and unchanged. Prices are steady and
very strong, both for building and resi-
dence lots. All organizations that have
put money into the flats below the city
have been prosperous beyond eXpecta-
ton, and before many years West st.
Paul will be a very populous locality.
A great deal of money has been put into
eventually cause that part of the city to
become very important from CONNER
cial standpoint.
~
On the whole, although sales all win
DO, h. ,hot tod nd
the market quiet, the tone of the latter
has been satisfactory to all. No one
was distressed about deferred payments,
prices were steady and firm to degree,
and every one takes hold of the spring
trade well prepared for whatever may