The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-10-14
NO BOOM IN SEATTLE.
A Legitimate Cause for Real
Estate Activity.
BUILDING m EVERY QUARTER.
Purchases Made By Bona Tide Settlers
and sE Absence Of Big .Dezis..-
Growth Of a Year.

heaa estate transactions from January l.
i., 70 date are sii - 153a1.
III especially suspicious for Seattle that
Us real estate dealings are conducted On
soand and busiaess-lske basis. and with an
absence 81 The hooFn methods that proved
20 DISASTROUS to Southern California
asshinstoa's claims 10 the attention %
The investor rest upon the foundation OF
s.eat natural resources. that. deTeioped.
wiH certainly make il ore % me foremost
states Q. the Union: and not upon Any &C.
cident Of favorable climatic influences, rn-
backed b. more substantial ciaimS. Il.
takes TO argument 20 expose the sivan-
tages OF the neg state and Is vs-iaas pros
Porous cities, and Ia this eSnecisily lies The
reason Of the continued slsd uninterrupted
prosperity OF the whole northwest coaEtrs'.
Ii : noteworthy that in Seattle the Erea.
bulk OF purchases in the resi- estate market
probably iour-fifths-sTe made by actual
residents who intend to make substantial
Improvements upon their acquisitions.
The purchases are nearly al small, and are
bona ide
TIE plAiaest yerificatson of the truth Of
this IS found in the daily reports Of the
building inspector. Here al average III al
least ten building permits are issued TO per-
sons Nho are about - huilG. OF these ~
iess; eigis. are for dwellings,. most Of them
o. 4 substantial character. Just al this
time many permits are granted for cheap
structures, intended 10 be used rs tempor-
airy shelter during the winter. In the
spring these structures will be replaced. in
almost every instance, by more durable
and slightly residences. Last year 500
new buildings were erected IN Seattle. and
II may he expected that this phenomenal
record will be even surpassed during lss9.
4 larger proportion of the buildings for
this year viii, 81 course, be for business
purposes bat the residence portion of the
city, despite the extraordinary activity OF
the commercial district. has held its own.
An example vi the remarkable growth Of
the city within IA year j. the settlement of
the district tributary 10 the Lake Washing
ton and Jackson street cable lines. Be
yond Thirteenth street year ago there
were bat few houses. but now The territory
Joining Nesler avenue on the north is
Tricky covered with pretty cottages and
roony residences almost 10 the lake A
miracle has likewise been wrought IN the
region south OF Jackson street beyond
the ball ground. Supplanting the thick
forest trees and entangling underbrush of
year ago is settlement of houses,
slightly and numerous. that form a very
important adjunct 10 the population of
Seattle. The suburb OF Fremont, appear
ing on the shores OF Lake Union almost
as II by magic. now numbers many hun
dred souls; and in very many places in the
vicinage and on the outskirts of Seattle,
hundreds of families have settled Who can
guess what fabulous scenes may be enacted
next spring along Madison street. on Sal
mon bay, approaching and on Green lake,
in South Seattle, in West Seattle and in
all other places where cable, electric or
steam roads are 10 he built
One great reason OF the strength of prices
in all outside property adjacent TO Seattle
is in this unexampied activity In building.
Observers of the real estate record have
noticed that the number of transfers has
Increased full "a fast IS the total OF trans
actions. The record for the past week was