The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-12-07
REAL ESTATE
MARKET REVIEW
Increased Inquiry for All
Classes of City Prop
erty.
Beneficial Results of Improve.
ment Clubs on Realty
Interests.
The Total Number of Sales for Novem-
Der According 10 Magee's Circular
Amounted to $742 sol.


real estate market by all the leading brokers
in the business. There is an increasing in
quiry for all classes of City property, and the
only check to business is difference in ideas
as regards price between seller and buyer.
Owners, secure in their position, with the
| restoration of confidence in all other lines of
trade, are not disposed to concede anything 10
close transactions, which hang fire in conse-
quence.
The drift of the inquiry still continues
toward the smaller-prced residence lots for
improvement purposes. There is not great
quantity of the larger class of income prop
erty being offered, and any that is at moder-
ate price is soon picked up. This, with the
amount of idle money accommodating in the
savings institutions, creates demand for de-
siI able vacant land which can well be Inn
proved with prospect for fair returns upon
the capital expended.
| If, as has been said, speculation In real
estate has it's ebb and flow like the ever re-
| curing tide" brokers may certainly expect
| swell before long. Though slow in some re-
| spects, San Francisco can boast of the energy
| shown by its real estate dealers, many OF
whom have been prime movers the past year
| In needed improvement enterprises.
In this City they have organized improve
ment clubs which have acted as leaders in the
| development of the suburbs and been the
! champions OF several measures OF municipal
REFORM
| A number of the most influential men have
| given their support to financial enterprises OF
| the interior of the Sta to- which will eventually
| help San Francisco; the financial center OF the
| coast. Improvements in City, suburbs and
country go hand in hand, all tending to build
| up q great commonwealth and great city,
| and no class hase worked with more unity OF
action fidelity of purpose the past season
| than the real estate brokers.
! The following is taken from the Real Estate
| Circular of Thomas Magee & Sons:
q hQ d1u ir0Tn
| condition OF the real estate market There is
more inquiry and more sales, and feeling on
| the part OF owners that, If they cannot ad-
vance their prices, they should at least not
| take any less than existing low rates. Buyers
| seem to feel that though there has not yet been
| any increase of prices, there will be no further
dunn property, and that therefore the time
| for them 10 buy has probably come. SO far,
| properties worth $4,000 to $4,000 have been
| in most demand. Large buyers have not yet
entered the field for the very best class of bust
ness properties, and indeed there is now, as
| there has been all through the past six and
| half years dizziness, very few of the largest
| and choicest inside properties for sale. The
| outlook on the whole is very encouraging, be-
cause confidence has returned; without that,
| of course, no business can move. The total
| number of sales last month was I'll, OF the
| value of $742, SOL.
! 'aFhe savings banks of the City granted 157
city loans in November OF the total value OF
| 1865 ,070, against IL City loans In October of
| the total value OF $309.890 The Hi hernia
| Bank continues to grant ali City loans at 81
| per cent, 1T paying the mortgage tax; the
other banks charge z. The demand for real
estate being as yet only moderate the demand
| for money is not large.
"For something more than three months
| preceding the election there was steady and
| constant draw on the savings banks, the with
! drawals by the depositors largely exceeding
the amounts deposited To meet this drain
recourse was had TO the reserves or the insti-
| buttons, which of course were sensibly reduced
under the pressure. Since the Sd OF Novem-
Der there has been a steady gain in deposits,
but from the incoming moneys the banks have
deemed it prudent to restore the reserves.
They have had also to pay the first Install
ment OF taxes and it has been and is in order
to make repara ton for the payment of the
January dividend With these uses for money
the supply available for loans on real estate
has been limited and Will probably so con-
tinue until the dividends mentioned b ave been
paid"
REVIEW OF THE RECORD.
There were eighty-two deeds recorded during
the week.
The mortgages numbered eighty and were
for total OF $251 300 Among them were the
following:
By Jennie S. and F. D. Anterior to Hibernja
Bank, $4,000 for one year at 8 per cent, on prop
erty on southeast corner of California and Bu-
! chanan streets, 34:6x70 feet; by the Hibernia
Bank to Resale Rosenberg, $4,000 for one year
al 81 per cent, on property on The south line
OF Ieary street. 1926 east OF Octavla, east
81 IS by south 100; by the same 10 Jane Riley,
$50, 600 for one year at g per cent, on property
on the south line of Eddy, 252 east of Mason,
east %, south 94:6, southwest 2S:4, north
one year at 81 per cent. on property the
south line OF Eddy street, 1876 west
of Mason, west 80 by south 1875;
by the Humboldt Bank to Philip
Fisher $3.50, to January n. 1893, at per
cent, onproperty on the east side OF Kedrny,
1876 north of Suffer, north 2O:6 by east 40;
by the California Title Insurance and Trust
Company TO Ellen ]. Hyde AMI Ellen j. Smith,
wife of Bayard t. Smith, $24,0 900, for one year
at 653 per cent, on properly on tne northwest
line OF Market 240:S southwest from the
weSternmost corner OF Montgomery and Mar
ket, northwest so. northeast 2:6, northwest 8,
southwest by west 1873, north 30:912. west
20, south 46. west IL, southeast by south
42:3, northeast 3. southeast by south 80
northeast l15; by the Hibernia Bank to John
j. Brady ga 1000 for one year at 81 per cent
on property OH the southwest corner of 0 Far
rell ard Laguna, west 10 by south 100; by
the Humboldt bank to Henry Geilfuss, $1,000,
to January 2T, 1898 Mt z per cent, on property
in Western Addition block 66, on the north
lire OF Fulton, 175 west OF Polk, west so, north
52:10, southeast.to point 175 west of Polk
and 20 g north of Fulton, south 29:S and ali
interest in Western Addition block 60; by the
Hibernla Bank to Henry and Hen rietta
Steinegger $4,000 for one year at 81 per
cent on property on the south line OF Jack ION
street, 349:6 east OF Dupont. east 1915 by
south 69:Il; by the Humboldt Bank 10 Abra-
ham H. or Henry and Johanna Webster
$4,000, to January 80 1898, at per cent, on
property on the north line OF Bush, 1916 east
OF Baker east Zl.O. HOItn loI 70, east = d.
north 1877 IS, west %, south 1876 west 5,
south 1877 70; by the Union Trust Company to
Amelia h. s. Wilson and Olive Els Lathrop.
$4,000, for one year at per cent, on prop
erty on the northwest corner of Sacra-
mento and Davis, west So by north 40;
by the Hibernia Bank to the Savage Estate
Company, $4,000, for one year, at615 per
cent on property on the southwest corner of
Oak and Lyon, west l77:l, south ITO, west
156, north ITO, west 80, south - deg. 40 min.
east 164 leg. IL min, north n deg. min.
east 10 :23l, north $50, cas- 1913, south 9:2]1a
east 1876, north 1870; by Robert Marks 10
Matilda Roberts, $1,000. for two years, at ~ per
cent, on properly on the north line of Twenty
first, 210west of Valencia, west % by nortn
lis, and III 1O0-vara block 409 on the north
corner of Harrison and Langton, nor theast 25
by northwest 80.
There we're fifty releases recorded, represent
ing 1916, 900, among which were the follow
ing:
From German Bank to Henry Walters. $4,000
on property on the sou line OF Clay street.
81 g feet east OF Scott, 25x100 feet; from NJ. R.
Button 10 Lydia W. Landers $4,000 on prop
erty on the nortn line OF Pine street, 81: 8 feet
east OF Webster. 25x112 Is feet; from the Ger
man Bank 10 Wilhelmine Wengel, $1S 900 on
rronartv on the sOutheqst line uf Missia,