The morning call., 1890-10-01
REAL ESTATE,
The September Market Reviewed
by Thomas Magee.
Decision in the Ellis Title Cass-Repressnta
tive Sales During the Month Just PISSED.
Number Of Mortgages Recorded.

TIOui pEUOt-SuctlS anu UlstuuScIlplS VI bI6
Real Estate Circular, published by Thomas
Magee, we make the following extracts:
The real estate sales for April and May
amounted to nearly three millions of dollars
each those of June to four aud a quarter
millions, while the sales of last month
amounted to two and quarter millions.
This reduction clearly shows that the real
estate market is not now by any means so
active as it was in the spring and summer
months. Yet though not so active, the
market is very firm indeed, despite the
pressure-and we have seldom seen that
pressure stronger-on the part of buyers for
concessions in prices. Buyers say that
real estate has been going up steadily for
some five years-that the Market therefore,
has favored sellers during all of
that period. They think. therefore, that
some concessions should be made to them
They have got no concessions yet worthy
oil general mention. The concessions asked
by buyers are trifling as rule, but, as we
have said, they are seldom granted. The
result is that we have seldom known a time
in which so many sales have been brought
to the brink Of conSummati0n without being
closed. There is fair but not steady de-
mand for large business properties. Busl-
ness properties worth from $4,000 to $4,000
are in as good demand as ever. There is
not so much inquiry for fine residence lots
or dwellings. Very small buyers with $1,000
to 5000 TO invest are now the most
numerous class. They are indeed now
doing most to sustain the market, at least
in the number of the sales. The pushing of
lots six to seven miles from the city center
on small buyers, at very high prices, con-
tinues. These lots cannot be reached either
sToTaNl Ns nhn0N Nv mr.
present means OF conveyance. The Western
Addition led all other portions of the city
last month in the value of the sales made.
Two hundred and lightweight sales were
made in the Outside Lands and in the Mis-
sion region, while the next largest number
of sales was 124-in the Western Addition.
OF the sales made at the Mission, by far the
greater number were made between Thlr-
teth street and the county line, and of the
Outside Land sales on the west the greater
number were made III regions which cannot
come into use for twenty years.
SALES IN VARIOUS DISTRICTS.
The property on the southeast side OF
Brannan street, 206:3 northeast OF Eighth,
northeast 1873 :9x275 in size, has been sold for
$4,000 price put in deed $40.
The property on the northwest side OF
Market street, PIG southwest of Van Ness
avenue, 54:3 front on Market street, the
west half having an average depth of 116
feet aud the east half $50 feet to Oak. on
which IL fronts y teet, mas Deeu sou lOr
$4,000; not yet OF record.
The property on the northeast side OF
Ritch street, 10 northeast of Harrison, 25x
so in size, has been sold for $500.
The property on the west side of Glasgow
street, 1915 north of Eddy, 4SXl5 in size, has
been sold for S13 800; not yet of record.
The property on the east side of Capp
street, 140 south of Twentieth 25x10o in
size, has been sold for $3.50; not yet OF
record.
The property on the south side of Geary
street, 80 ast of Franklin, 60X120 to rear
street, has been sold for S15 600; not yet Of
record.
The property on the southeast corner of
Geary and Franklin streets, 30 on Geary by
120 on Franklin to rear street, has been sold .
for SIC, $50; not yet of record.
The property on the east side of Steiner
street, 1913 north OF Sacramento, 31:6x11S:6,
has been sold for $3.50.
The property on the south side of Suffer
street. 17T6 west of Hyde, 40Xll0 in size,
has been sold for $1,000; not vet of record
The property on the northwest side of Ma
toma street, 100 northeast vi Ninth, north
east 25xT5 in size, has been sold for $3.50;
not yet of record.
The properly on the south side of Green
street, 1866 east of Polk 25xl20 in size, has
been sold for $3.50; not yet of record.
The property on west side of Guerrero
street, rs south of Eighteenth, 35X100 in
size, has s9e1e-s0l4 :o- $3.50; ne- yet OF
record.
The property on south side of Washing
ton street. 10 feet east of kearny. IL :6y3i:8
in size, has been sold for $4,000 The lot
adjOnS the old Hall OF Records, and has
upon it the DIR. Czapkay Building, four
story brick. The property was sold by
Czarkay on September IA, 1874, for 50, 600,
September, 1881, 1t was again sold for Sl2,-
80, and yet again on December H. 1892 for
SIC 100 Now it has been reSold for $4,000
The property on southeast corner of Cen
trail avenue and Washington street, 1928 on
Central avenue by 146 on Washington, and
l. in rear on south 25X27 IS, has been sold
for SIS, go: price put in deed $40.
The property OF the northeast corner OF
Pacific and Central avenues 50X119 in SIZE
has been sold for $500; price put in deed
So
The property on the northeast corner of
Lombard and Baker streets, 137 Is feet square,
has been sold for 5000; price put in deed
$40.
The property on the south line of Clay
street, 40 east of Broderick, 27:6x127:S in
size, has been sold for $500
The property on the west line of Alabama
street. 100 south of Twenty fifth, 40X100 in
size. has been sold for $685..
The property on the west side of Alabama
street, 40 south of Twenty-fifth, 25x100 in
size, has been sold for $500.
The property on the north side of Broad
way, 1871 IS west of Montgomery street, % tx
1871 IS in size, has been sold for $500; price
put in deed $40
The property on the southeast corner of
Haight and Pierce streets, 31x100 in size, has
| been sold for $3.50.
The property on the northeast corner of
California street and Selma place, above Du-
pOnt street, 20 on California by 81 Is oil the
place, has been sold for $1,000; price In deed
| SO.
Three hundred and eighty-five mortgages
were recorded last month of the total value
of Sl,O92,2 OS, against 1913 releases of mort
cages. aggregating S6o3.5o4. The sale of
far distant outside lots in installmentS is
running up the mortgages given to private
| individuals to high figures. There were 176>
| mortgages given to nrivate persons last
month. am - ting 10 nearly hat of the total
| vaisle OF the mortgages recorded. The rate
| 0t interest remains at per cent at all of the
savings banks, they paying the mortgage
! tax. The demand for money from the
| country was not so large last month. The
| city demand was better than that from the
| interior.
THE BOND PROPOSITION.
| 1t is proposed by some of the newspapers
| to have the city issue ten millions in bonds,
| the money to be used in making what they
| call much-needed improvements. These i'm
| provements are understood to be extension
Of park and other drives, increasing the cul-
| tlvated area oil the park, etc. The answer
| OF those who object is, that the most of the
! money would not he absorbed by the i'm
| provements noted, but by the jobbers who
| would have the handling of it. If the bonds
were issued the only Justification would be
the hope that thew would make the city
more attractive, add TO its population, aud
| by increasing its taxable value add to its
| income. In this connection We have sug-
| gesti0n to make. In Chicago, and in many
other large and growing cities of the East,
| licenses on manufactures are merely nom
inal. The increase and growth of such estab-
| lishments do much more to add to ciiy's
wealth and population and to increase the
city's receipts and all real estate values than
fancy roads, boulevards or parks. Now, in
stead OF issuing these bonds for these latter
purposes, why not cease charging licenses
to manufactures? In doing this no office
holder would have more money placed in
his hands or temptation in his path. Our
struggling industries would be aided and our
population and wealth increased. In any
event, we are opposed to the bond PROPOSE