The morning call., 1894-04-14
REALTY AS A SPECULATION.
There Are Chances in the Pres.
ent Market.
A GOOD TIME TO BUY LAND.
improvements in Various Districts
Give Confidence to Property
Owners and Help the Market.

In real estate circles a feeling prevails
that although the market is not quite as
good as the indications of spring opening
months promised there is reason to be sat
isfied over the way prices and volume OF
business have been sustained. City prop
erty held lis own against odds that wele
great enough to effect the market in other
cities disastrously. Yet in the present in
stance there has been enough doing to
keep all agents occupied and no breaking
away from the normal line could be de-
teeted, which bears the mark of absolute
confidence in San Francisco. Values may
have fallen considerably in the last two
years, but through no weakness or back
ward movement. Rather has this tendency
been settling down to the true level from
a fictitious position brought about by
booms and an anxiety to speculate in city
lands.
The various influences upon San Fran
cisco property branch from political and
financial root No other city in the United
States, perhaps, was so seriously affected
by Cleveiand's Hawaiian policy, or want
of policy. The Hawaiian trade suffered.
Tariff tnkering has also staggered San
Fran cisco's commercial relations with the
interior. because this city. being The most
important port, large amount OF import
ing has ceased. And so on through a long
series OF causes directly bearing on trade.
and through it reaching the real estate
market.
1t is a conceded fact that prices of city
real estate are about as low as they will
get. This being so the present is an 0p-
perfume moment to buy land Oh specula-
tioD, If nothing more. The change must
f-fp
ing itself. Drir ging prosperity alter each
wave Of financial and commercial depres-
sion.
The history of real estate dealing in San
Francisco is fair guide to follow. Judi
cious purchasers who held property any
length Of time confident of the final ont
come have GROVE rich on real estate VEN
tunes. Their plan was to buy land very
cheap and wait until prices doubled. This
required faith in the city as we'll as far
seeing vision.
And with the same requirements now
agents believe that fortunes can be made
by judicious investment. Prices are very
reasonable in all parts of town. and if in-
tending purchasers will only meet the
ideas of owners regarding value many good
transactions can be effected. 1t may be
year. or two. or five, but certainly the day
will come when prices will be more than
double present figures, ana that time is
well worth waiting for. as the profit must
be very large.
Many extensive Improvements are in
different stages of progress and in different
districts, showing advancementin property
and its attraction for capital, which is well
known 10 b. shrewd, and even suspicious.
Large and expensive buildings are in the
contractors or architects hands. and
smaller ones bid fair to be numerous dur
ing the summer season. a stable on Fill
more street is to be torn down, and in its
place will be Immediately erected hand
some brick structure. 6S :Sx137 :6, capable
of accommodating 100 horses. The height
of this building will be three stories and
the cost about $4,000. Contracts for
changing the Hobart building on Market
street, opposite Second, into a magnificent
office building. with marble vain scoting,
tiled floors, hardwood finish, art ironwork.
ETC.. are being made. The total is $1,000
A soap factory to cost $4,000 is 10 be
built on Santa Clara street. near DE Hare.
A building with stores below and flats
above will be put up On Market street, near
Ociavia, cost $500. On Fillmore street
near Jackson, a row of one-story frame
stores to cost about 5000 are to be built
Other contracts as follows have been
signed: A three-st0ry frame dwelling on
Post street, near Devisadero. cost $4,000 :;
a dwelling on Gearv street. near Frank lin,
near California, cost S1400; frame dwell
ing on Vallejo street. near Stockton, cost
$500; 0De-StoTy frame on Tenth avenue.
near Point Lobos avenue. cost $500; flats
on Capp street, near Adair, cost $4,000.