The morning call., 1891-02-01
THE REAL ESTATE
OF SAN FRANCISCO.
Interesting Notes From Thomas
Magee's Circular for January.
The Number of Sales and Value of Property
sold-Business Properties Are Scarce.
Bituminous Rock Pavement

We quote the following from ad-
vance proofs of Thomas Magee's Real Es-
tate Circular for the month of January:
Sales Of city property were made in De-
ccmber of the value of SO, $50, O69; only 554
sales were made in January, of the total
value Of S2,611, 635. In spite of this reduc-
ton, however, good real estate business
was done last month. There was a much
more active demand for large business
properties. and unusually large inquiry for
medium business properties, ranging from
$4,000 to $4,000 But business properties
Of all kinds are very scarce. Owners of
such properties are DESTROYS to buy more
rather than to part with those they already
own.
There has been an unusual amount of in
quiry for fine residence properties, either
vacant or improved. This demand has been
strongest out by Franklin, Cough, Octava
and Laguna, between California and Broad
way. Late sales show $3.50, S24O and $3.50
front foot for lots on Pine above Frank
lin, Franklin near Clay and Franklin north
OF Washington. $500 front foot are now
quotable prices for inside lots on the best
portion OF Pacific avenue and Jackson, on
the north side, with view of the
bay. The lots on Pine and Franklin
at $3.50 to $3.50 per front foot, and on Cali
fornia street, near Franklin and Cough, at
S2T5 to $500 a front foot, are certainly dear
compared with lots with fine view of the
bay and Mount Tamalpas at $500 a front
foot The bulk or the sales now recorded,
in point of number, are of outside Mission
outside land lots, their prices ranging
from $500 to $500 lot only. There is a
strong demand for large lots for warehouse
and and factory purposes either at the
south end or North Beach. There is
loud complaint on the part of south
end waterfront owners, at the extension of
the sea-wall away ont to Taylor street,
where there are neither factories. shipping
nor business, to the neglect of that portion
OF the city between Mission and Channel
streets, where SeYen-eighths OF the lumber
yards, factories and warehouses are. and all
oil the railroad business. We elsewhere
present facts showing how that long dead
portion OF the city, the POtreTo, is now be-
Ing awakened by extensive enterprises of
grading and filling-in of streets and lots.
THE MONEY MARKET
The mortgages recorded in January were
heavy as TO value and large as TO number,
the total number being 367, of the value of
S1,618,S40 The number OF the releases of
mortgage was 49, of the aggregate value Of
S75300I. The demand for money has been
SO large that the hope of a reduction of the
rate OF interest 10 b per cent again is
very shadOwy one just now. The
sale of small outside lots, with
lie payment OF a quarter or third cash,
continues large. The mortgage attachments
70 these petty transactions are therefore
very heavy in the aggregate, rendering it
certain Chat If any fall in prices occurs, the
buyers will lose what they paid down on
account and all interest subsequently paid
also. The savings banks have now all
plenty OF money. During a portion of No
vember, all OF December, and the first
week OF January, when some of these
banEs granted loans. such grants were
promises to loan only, conditioned
on their having the money. They do not
now need to make sueh condition, money
being III abundant supply. The demand for
Il Is far larger than it was In any OF the first
ten months of 1880. Half of the mortgages
given last month were TO private persons,
mostly on account Of vacant outside lots
sold. The total value of these mortgages
was SIG, SIT: The demand for money from
the country is very large also. The prevail