The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-23
A WEEKS REVIEW
OF REAL ESTATE.
AT PRESENT THE LOCAL MARKET
Is SUBJECT TO FLUC-
TUATIONS.
IT IS IN GOOD CONDITION
BUILDING CONTRACTS FOR THE
WEEK INDICATE A LARGER
VOLUME. OF WORK.

a rather singular feature OF the real
estate market at the present season is it
appears to be subject to impulse resulting
from causes that are not easy to trace with
any degree of certainty. One week the
agents report an appreciable stir among
investors, which would lead to the conclu-
sion that prosperity was coming back in
one bound, or at least that interest and
confidence In city real property were SO
suddenly revived good results must event
ualy be seen. Next week many agents
are not quite so sanguine. Indeed they
speak with dubious air as to what may be
expected for realty business this coming
summer. Inquiry that was brisk before
falls away, and buyers are rather more
difficult to please.
Under the influence of hope and ex-
pectancy created by the valley road sue
cess, and feeling more confident by other
signs of improvement in San Francisco,
there was decided change for the better
III the market. But something even more
substantial is needed to sustain continu-
Gus and gradual building up of business.
fossloly the market is having this expert
ence Just now, for it is not particularly
lively.
Some capitalists have asked, "Is this bot
tom r. They meant if values have actually
shrunk to the lowest point, and inferred
a DOUBT whether they have, or whether
they may drop lower. With such feeling
capital must necessarily be timid still, al
though the bulk of real estate buyers have
unlimited confidence in the future of city
real estate, and consequently are willing to
Duy at ruling prices, which are certain of
advancing IN year or two.
Wlthal conditions have improved since
the first of this year and are now so good
tney might be great deal worse.
Three auction sales were held within the
last week They are supposed to have
been good test of the market, and
although quite number of properties Of
tered did not find buyers enough was sold
at prices regarded as satisfactory to indi-
cate that some improvement has taken
place IN the real estate situation.
The demolition of the fences, grand
stand and buildings of the Haight-street
baSeoau grounds was commenced this
week, and the preliminary work on OPEN
ing cross streets through the land was
started. A grading contract has been let
and the property will be raised to official
levels at once and be on the market in q
month or two.
Won Rhein & Co. report sales as follows:
Lot on the southeast line of Mission street.
us southwest of Seventh, 75xS5, with
one lot OF 20 feet running through to Minna
street. The buyer, James Shea, trustee, was
represented In the negotiation by j. ]. OFar-
rell d Co.; price paid is $50 000 Also lot on
the north line of Sixteenth street, between
Valencia and Guerrero 6Sx100 feet, to
Messrs. Tausslg d Eisenbach; price, $780,
000 Also lot on the northwest corner OF Cas-
tro and Nineteenth streets, 75xl22:6 IS, to NJ.
Sanders; price, $4,000.
If to these are added the sales made at
the auction last Thursday, the total trans
actions of the firm of Won Rhein & Co. for
the month of March thus far is about
$4,000, which is indicative of some inn
provement in the real estate market
The Burnham & Marsh Company report
sales as follows:
For $4,000, lot on north line of Bay street. 45
feet east OF Hyde, 45x4S; for $40 900, lot 276x
100 and four flats on Erie street, between Mis-
sion and Howard; for $4,000, southeast corner
OF Twentieth and Shotwell streets, lot 25x90,
store and two flats; lot south line of Fell
street. 165 east OF Devisadero, 27 :6X120, with
l. q :6x60, for $1,000.
The weeks building contracts are as fol-
lows:
A two-story frame on Kentucky street, near
Sierra, cost $500; residence on Van Ness
avenue, near Vallejo street, cost $4,000; O
dwelling on Church street, near Twenty-first
cost $500; alterations to building on Chat
tanooga street, near Twenty-third, cost S2400 ;
fats on the corner of Taylor and Green streets,
cost $4,000; two contracts for the apartment
building on Mob Hill, $31 500; a frame
CISCO cost $500 dwelling on Post street.
near Pierce, cost $500; two-story residence
on sacramento street, near Walnut, cost S4250 !;
a cottage on Clayton street near Frederick
cost $4,000; frame building on Valencia
street, near Sixteenth, cost $500; flats on La
sguna street, near Vallejo, cost $12, 000 two
story frame on Twenty-fourth street, near Bry
ant, cost $4,000; a dwelling on Suffer street.
near Central avenue, cost $4,000; three-story
building on Mission street, south of Hermann
$S $500; alterations to Safe Deposit building,
$4,000; two-story frame dwelling at Califor-
mia and Franklin streets, 900; alterations
at 1918 Market, S134S; three-story fats on
Laguna street, $11 ,230; three-story building
on west Mission street, near Hermann, $4,000.