The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-07-01
REAL ESTATE MARKET.
The Sales or Lty Property Made
Turing Six Months.
Condition CT the Money Market-Ths Rail-
read Question and Real Esta.e-The
- Taxes This Year.

Following interesting intelligence re-
.sGding tne zeal estate market is taken from
the advance sheets Of Thomas Magee's Cir
cular for july:
The total number of city real estate sales
made in lie first hall of this year was 277S,
Of the total value of ASS. 263. against 1905
sales In the last half of 1891, of the va ue
of S11.98b,013 and 1872 sales, of the total
value Of Sl5,45l,122, in the first half Of 1891.
The ADORE comparison shows quite falling
off in the value and volume Of the sales of
the past half-year, but not great reduction
in their -EambeT3 This reduction was ex-
BIC. and is quite a p"tural one. Ii IS
5a.,,eiy lat the sales Of the last half
may show a still further falling
iuh IS due first and chiefly 10
that a rest and lull were
sity property. In all American cities
BE sales and prices do not progress
Their markets are characterized
xSAns Of increase and waves OF recess
sen ncre8s0 real estate sales S,@ and
iinTe rapidly tH an city zrnWth and rents
irstify: while, pn the olher hand, in the
seasons of oepTession prices recede much
more than t3Tre is any real justification for
TIL 4 sAA
always succeeding want OF confidence the
latter condition Of the market To this
Il must be added the fact that weak-that is TO
s. say, part cash buyers, no matter how
81 strong the continuance of their confidence,
frequently cannot meet their payments and
therefore cannot sustain the purchases they
made OF the prices they paid when the mar
ket is oyeEtaken By a season Of even light
depression.
SUBURBAN LOTS.
l. H.. c+ofa of4 ho bat
) ever il is to pe remem bered that there has
zen no general imitation during the past
81 six years of real estate advance which pre-
Seeded April, 1891, consequently there Is not
~ kelly tc be any general real estate fall in
Ihc present comparative depression. We
fsceneral fall, bat there has been fall
- duapteCss and those PORTIONS OF the
ssEas suffer yet more. Those districts
s - roam districts. where prices were
stoe rapidly by credit sales. Lots
Il business streets In some
\ TOO rapidly advanced In
- Ct course, did lot 60
-, 80 { the Astreeis We're
-sf -ffJ'ltd by stores, aaG ths
-SS vet done on them Is
81 hen even temporary
- 49, q -eA-cIrs such business PROPERTY
ners, Tor tie future is not then
-, Shat Kate Of Interest the prop
fhH.ag Is Ter Cnly considered. III
- E'tisi Is I'bi satisfactory the BUYER in
- =. MAXI i SO 10 tie price lac offers
~ Sc is. II uses to invest In relation
2 ~ ibe feductifH lIat hiss occurred in snb.
4 fTban dwelling and prospective business
fsr5S2sty .teie - really nothing to regret.
Us Ese hsye said, for six wears nTiceS
~ Iaxo Il sellers exclusively; for the present
Ike tuyCT has q call and 1t is Justly mis-
tuTn There !, Rot, however let il be re-
Rendered, surl a quantity Of either class
CT property "a ''!r market or such strong
dlsPoSlt5oa OF lr ! an Of sellers to realize,
2Ftstlty ti exi eetatlOn Of a general or
q all.
7 BUSINESS PROPERTY
- 80 hu>lness property il Is quite
32r> Gl sur h pro perty could now
.ot uEsiy nj ter rates than ever
Ives than any valuations
sHca property. Bu;6wu-
u @rlhfTal business has been
Be nowhere been adyaue-
owners Of good bushes s
a aTlV oil retail property,
when they are offered
q e e s1safssejVes admit TO be high
% chief reason for this refusal is
so the part OF sneh owners that
< Invest The money in ANYTHING
n yielding a better income.
the Lture promises a rea.
p cTURIeiG PROPERTY
4 ~ most Important sales of such
bade wlthIn, the past six months
q On Sixth and Townsend, elsewhere
~. j the sale Of TIE vacant lot ON the
20 IL
est CT Fourth, 81 :8x120 In size, for $50 0o0
Il sale OF a lot and old two-storv frame
-iding on the northeast side of Beale'
l:le1z leet southeast of Howard. a. :I0hx
d RI Is IN SIZE, at the reduced price of SIT IA
S. made lately. There was an error
The description of the property in
State Fitie. for which a reduction ri
Nh 5000 was made in the nriee
Ne lasa sale made in thar blocL
Of vacant lot. same si1e
S2a.e0s. at the johnson estate sale
ct twI years ago. All land Lu.gee6
81 81 gsoIr, Fist ana Steuart tends to
price because some factories
les have moved North Beach.
more because quite a number
bSIers have moved either there
sSeacb. The most Of the lumber
been to the latter region. A
on southeast side Mission
Slertneast of Beale. % :1Olbxl37 &
81 IS sbas last month sold for S35 ooo
3bat ii very light demand for lot
-, warehouse or lumber use in any
aid rents az lots or lets AND
eesr either Use are not increasing al
- V - s-s.xA A rESss srvSgEs rs rN