The morning call., 1894-10-27
SALES ARE LIGHT.
Real Estate Affected by
Politics.
SOME EXCEPTIONS NOTED.
The Market Improves in Its
General Tone.
TWO IMPORTANT AUCTION SALES
Effect of the Sutro Electric Railway
on Richmond Property Is
Felt Already.

Real-estate brokers are not surprised
that politics are interfering with the realty
market to some extent. In fact, they an
ticipated falling off in sales during the
weeks Immediately preceding election.
This time. however, more than one agent
has been agreeably disappointed in his ex-
pectations. for in some cases a remarkable
Improvement has shown itself.
The past week was marked by two large
auction sales that pointed very distinctly
to present conditions aud defined values
that had been variously regarded. Won
Rhein & Co. presented a really excellent
selection of city property for public sale,
and were rewarded with success in bring
ms buyers and sellers together in some
large transactions where a wide gap pre-
viously existed. However. prices were not
80 firm as might be wished.
For lot IS feet on Mission street, It's
west of Seventh, IS feet deep, with a rear
lot 10 feet deep to Minna street, where the
front is % feet, S36 900 was offered and
accepted conditionally. This sale has not
been closed. The property a. 6O3, 6O5 and
COZ Montgomery avenue, comprising a let
50 feet front and of Irregular depth, new
three-story window house oil two
stores, basement aud four modern fats,
went for $14 000 A lot on the north side
of Pine street, 1915 by 155 feet deep. 137 :6
feet east of Mason, sold for S11.500 A
Turk-street residence, No. 1915, near
Pierce, consisting of eight rooms and
lot 2Sx137 IS, brought $4,000 An irregu-
larly shaped lot on Shutwell street, be-
tween Twenty-third and Twenty fourth,
made triangular by the railroad, sold for
$3.50, which also covered an eight-room
residence. Three lots in Holly Park sold
for 4 nh txpn fnr
on Church street. 173 feet south of Ridley,
24X125. sold for S1100. A cottage, 1904
Larkin street, with lot 29x100, was dis
posed of at private sale previous 10 the
auction for $5000
Shainwald, Buckbee &c Co. held an auc-
tion last Tuesday, over which they feel
Jubilant AS many as sixty-oue lots were
offered without reserve and every one of
them was sold. The total amount real
lied was Sl19, ,725. An average price of
$500 was paid for i Is on Church street
and around the corner on Sixteenth. LoJs on
Sharon street, in the same location, brought
an average of S1400, on Hardy street 5000
and on Landers street $500. A corner at
Sixteenth and Church sold for $500 and
another corner for S332j.
In review of the market Poehlman's
real estate circular has the following:
IN we are in the mid st OF n
exciting political campaign there hi as been
real estate during the pastmOnlh. BUYERS
and sellers have not been so much at vari-
ance as formerly, with the result that sales
have been easier to effect, and most i'm
portant of all they have been more numer-
Gus.
''Priees are not higher. but owners who
have been desirous of selling may now be
able to dispose of their properties where
previously NO purchasers could be found,
"a continuance of this condition, with
out any advance in prices, must, by in
creaslng the amount Of money In circula-
ton, stimulate business and add to the
general prosperity"
Plans are in preparation for larse fat
or apartment building on Howard street,
near Fifth. on lot having a frontage of
75 feet aud depth of 100, back to Natoma
street. As many as seventy-two separate
flats are to be located in the building.
which will be after the apartment-house
pattern so common in some Eastern cities,
but altogether new in San Francisco.
The beginning of actual work on the
SutrO electric line has put new feeling
into Richmond real estate A vast terri
tory already fit for building upon will be
brought into direct communication with
the center of the city and this means that
new homes will be built and new property
in Richmond be brought In to the market.
with branch on Eighth avenue to The
park in operation there will be street rail
ways on Fifth. Sixth, Seventh and Eighth
avenues, which must raise the price of
property in that district