St. Paul daily globe., 1895-06-02
PEOPLE WITH MONEY ARE BE-
GINNING TO PICK UP LAND
BARGAINS.
ST. PAUL LOTS SELLING.
THE DEMAND FOR LOTS FOR
BUILDING PURPOSES is DAILY
GROWING.
MANY HOUSES ARE GOING UP.
Real Estate Men Report the Out
look Better Than for Many
Years.

There is unmistakable activity in
real estate. The depression is lifting
and property has begun to move.
There is a strong demand for build
ing lots, and there is not a real estate
dealer in the city who has not ad-
vantageously disposed of considerable
property during the last six weeks.
While the average public may be dis
posed to treat this statement with
some doubt, the fact remains never
theless that prices are keeping up re-
markably well, and sales are made at
a sacrifice only in cases where the
property is forced upon the market.
A great many sales are being made.
Those ranging from $500 to $4,000
have been frequent. Many working
men have begun the erection of their
own homes. They have bought their
property for cash, and it is the small
cash sales that announce the boom
in real estate. 1t cannot be termed
a boom either, for the demand is con-
slant and is steadily growing. That
there have been any sales at all is
the important fact, and it is still
more interesting to know that the
market is Slowly, but surely, strength
ening.
A building boom is in prospect in
the St. Anthony hill district, and
there is scarcely a firm in the city
which has not made ten or more
of
making more. At least four hundred
houses are in process of erection in
the city, and they are mostly on prop
erty which has been transferred this
spring.
The real estate men, without eX-
ceptiOn, are cheerful and confident,
not only over the present condition OF
the market but also the prospects for
the future, Which they claim are fiat
tering. They do not expect a real
active market at once and many heavy
sales, but they do claim the market
is strengthening to such an extent
that a genuine boom is not far dis
tant. A great deal Of property has
been forced on the market, and the
prices Of this necessarily are some
what low. But those owners whose
property is clear can afford to hold
the prices up, and they are doing so
generally.
The real estate agents are satisfied
with the condition of the market, and
when a real estate agent is satisfied
it is an un1nistakable Indication that
times and property are improving.
There are more people ready to pick
up bargains now by far than there
have been during the past year. They
are even ready to buy for invest
ment, and this fact is encouraging to
a large extent. Agents claim that
there are more people getting ready
to build this summer than during
the past three or four years, and
their claims are based on their record
of sales actually made. Several hum
dred dwellings are already in course
of erection. AS many more are being
planned by the architects, and still
others are being contemplated, 50 that
the outlook is flattering, and the move
ment solid. All these conclusions
are reached from interviews with the
real estate agents, who are ready
and willing to show their record of
sales and to describe in detail the
contemplated Improvements.
FREDERICK NJ. LARKIN,
of the firm of Barnes & Larl1in, was
conservative in his views, but said that
undeniably there was a good move