Los Angeles herald., 1891-08-23
DIRT ON DEMAND.
EXPERTS FEEL EASY ABOUT REAL
ESTATE MATTERS"
The Tendency is Towards Firmer and
Higher Prices-Real Estate Men Inter-
viewed on the Situation.

A visit to a number of real estate
Offices by HERALD reporter yesterday
afternoon makes more apparent than
ever the fact that an easier feeling pre-
walls and a lively winter is assured.
Inquiries for desirable property are
becoming more numerous every day,
and the fact of heavy inves tments being
made by wideawake business men from
the east gives everyone renewed conf
dence.
A number OF short interviews with
real estate men are printed below, and
may be said to voice the sentiments of a
large number called on.
L. Shively-The market is somewhat
conservative but surely on the up grade.
The amount Of Indebtedness on proper
ty is being rapidly reduced, and pre-
dict that forced sales will be few in the
future. Within the, next few months I
expect to see much greater demand
for both business and residence prop
erty. : 2''f' , 4 -:
M. F. O'Dea-Sorry, but l can't tell
you much, except that we all know that
number of good deals have been made
lately and prices are strong. There is
now no need to sacrifice property the op-
preston being relieved. The market
has been exceedingly. lively considering
it is the summer season, and the pros
pect is that property can't be bought at
present prices three months hence.
M: A. Sattley, secretary Los Angeles
Land bureau-A much better feeling ex-
lists now than for long time past.
There have been number of big sales
made lately which have been reported
from time to time, and we have
some big deals now on hand,
but can't tell you about them
yet. The demand for residence prop
erty is especially large. Some per-
sons are holding out for boom prices,
and in consequence scare purchasers off.
We are looking forward to very salts
factory market this fall and winter.
Frank McCoye-The news the HERALD
has been giving OF the increased activity
in real estate has beaten me out of a
$4,000 deal on Broadway property.
Since the report of the prices obtained,
the owner took the lot off the market
and won't sell. have a similar case in
mind. A piece of Spring-street property
was offered at $4,000. A day or two ago
it went up just $25, 600. Residence prop
erty is in demand. Half dozen lots on
one street have been sold within the
past two weeks, and all are to be i'm
proved by the purchasers.
George H. Pinney, OF the firm OF Riley
q Pinney: Real estate is looking up
immensely. Prices are stiffening, and
the prospect for good year is very
encouraging. The fact that times are
improving ia evidenced by the falling off
in the number of foreclosure suits filed.
Many never come to sale, the property
finding purchaser before judgment is
obtained. notice in an interview in
the HERALD the other day that Mr..
Stimson said Main street property is
being held as high as during boom
times. Now I know that is mistake
as far as great deal Of property on that
street is concerned. The block between
Third and Fourth streets sold during
the boom at $1,000 per front foot. Today
there is a good part of that property
that can be bought for half that sum
There may be some owners who do not
want to sell, and therefore hold up to
the top notch, but there is plenty
to be had at the figure mention.