The morning call., 1894-03-04
BUYERS and Sellers Can't
Come Together.
TWO VALUES OF PROPERTY,
Agents Believe That Brisk Business
for the Coming Months May
Be Looked For.


about. There are many people DESTROYS
of purchasing property that pleases them
and The 60 about inquiring of brokers for
lots In certain districts. Naturally the
cheapest and at the same time most de-
sirable lot is wanted. Then difference
as to price invariably follows. The
owner has his own estimate of value,
which is generally above what the pur-
chaser cares to pay. In most instances
the deal is declared off and wholly because
of failure to reach an agreement on the
present market value. What this may be
is rather difficult to determine in cousid-
Grafton of outside conditions. the state of
general business, the money market, etc.
Real estate agents are of the opinion
that land is worth less now than 1t was
year ago. The reason given is that money
is scarcer with business men and there
fore has a greater purchasing power, or at
least more value In commercial channels
in buying real estate Before the savings
banks began to loan on mortgages In
January and February there was an in
clination to sell city property at reason
able prices. But the sudden liberal loan
ing tended to form a belief hat as money
had become plentiful intending buyers
could pay more for lots. 1t certainly has
their demands.
Quite fair volume of business is re-
ported for the week, so the market is
more than h. lding its OVID. while prepaT-
ing for customary activity that Is expected
early in he spring months.
O'Farrell & Co. sold eight lots on Twelfth
avenue. between II and ] streets, south of
Golden Gate Park, for 5000 each. These
lots are 25x120, and are ready TO build upon,
being on the official grade. When the
property was first offered Tor sale many
people predicted failure. but others bought
them. A cotsge TO cost $500 has been
contracted for and will be built on the lot
100 feet south of FL street. The electric
line EXTENSION to Ninth avenue has helped
property in this vicinity more than owners
had Anticipated, and there seems to be a
likelihood OF settlement Dy men of small
means who wish 10 own their homes.
Baldwin & Hammond report sale has
been made of he block bounded by Thir-
tieh, Clarke, Castro and Diamond streets
al $500. The same firm has sold lot BOX
127 :8A feet on north line OF Sacramento
street, between Laguna and Buchanan,
for S7750; lot 25x100, south line OF Oak
street, between Cole and Clayton, for
S2250; lot 25X100. north line of P ge street.
between Baker ard Lyon. for $1,000; .wo
lots. south side of Lake street. between
Fifth and Sixth avenues. 25x100. at $1,000
each lot 25&120. east line oil Fifth avenue,
between LAKE and California streets, for
$1,000; TWO lots, west line OF Fourth ave.
nue.. between Lake and California streets,
25x120 each, for S1100 each.
Regarding the spring market Umbsen's
Real-esiate Record makes the following
pertinent statement: Gradually every
thing is returning to its natural course,
and before long it is believed money will
be as easy to procure as before the financial
crisis. Out of evil good often Comes, and
it Is proba BILE that the lesson owners have
learned in the last six months will teach
them not TO overvalue their property when
they desire TO sell it. Placing offerings upon
the market at unattainable prices not
only gives brokers much unremuDerative
labor, but seriously Injuries them by pre-
venting other business being entered into
at selling prices. All things taken together,
it is reasonable to believe that good mar
ket upon a sound basis is rapidly forming.
There is great deal OF capital open for in
vestment in nearly every line of property
and ready sales wait offerings at reason.
able prices. his should insure brisk
business for the coming month, lcreasing
gradually until a very lively deal is on
hand"
Bovee, Toy & Go. report sales as fol-
lows: Two-story house and lot, AIS
Twenty-second street. 25x95. for $4,000;
three-story, improvements of store and
two flais and rear house 1915 McAllister,
lot 25x137 e. for $500; house and lot on
Third avenue, near California street, for
$500; lot and improvements on northeast
corner of Fourth and Folsom streets.
50xS0, stores and tenement property, for
$4,000: lot and improvements 318 Guer-
zero street, tw o-Story house, for $500; lot
and improvements on north side OF Fell
street, west Of Lott. 35X100. new two-stOry
house, for $500; two-story fats on Scott
street, lot 25X106:3, for $500; lot and i'm
provemeDIs 500 Hayes street, near Fill
more. 22x75, Tor $1,000; lot and improve
ments on + ghth avenue, near Point Lo-
Dos. for $500; Two lots, Twenty-third
avenue. north of A street, 50x120, for $500;
Fourth avenue. north of Clement street,
nue.. north of Point Lobos, 25x120. for
Sol GetZ & Bro. report the following
sales as made by them last week: 32:6x
100. southwest corner of / street and
Forty-slxtb avenue. Tor 5000; 25x120, west
line of Twenty-seventh avenue, $50 feet
south of l street, for $3.50; 50x12O east
Of K street. for $500; 25x120. west line of
Eighth avenue, 200 feet south of II street,
for $500; 25x100, easterly corner of Persia
avenue aud Vienna street, Excelsior
Homestead. for $3.50.
The building trade continues without
much change. though from reports of
work in contemplation a very fair outlook
is given for the spring and summer. Dur
ing February there were fifty building
contracts recorded, having total value of
S231.000 In comparison with February
OF last year this shows an increase, but
with other years it falls behind. In 1890
the aggregate was STA, 659; in 1891, S617,-
IA; 1892. S2S5,519; 1893. S169 473.
/ Contracs for heating and ventilatinr
work on the French Hospital amounting
to So, 500 have been let. Among the con.
tracts for new buildings this week are: A
two-story frame building on Belyedere
street, near Waller, cost $4,000; a two
story structure. costing $4,000, on Point
Lobos avenue, near Sixth; TWO cottages
on Fourth avenue, south OF Lake street.
cost $4,000; twO-story dwelling, costing
$1,000. on Valencia street. near Nineteenth;
street, near Eighteenth; a $1,000 cottage on
Twelfth avenue, $50 feet south OF Golden