The San Francisco call., 1897-05-10
REAL ESTATE REW.. v.
Indications That Prices Are as
Lew as They Will
Drop.
Important Auction Sale of Downtown
Property Scheduled for the
goth Inst.

The real estate market is struggling to as
sert itself in these days of promise against the
odds of the approach of summer and a co1di-
tion of trade, which in this peculiar line has
been more depressed during the past year
than at any time since the slump which fol-
lowed the railroad boom in the SOS. That
the market is liable to experience revival
before long there is every reason 10 believe.
Those who have believed hitherto that all
they had to do was 10 name their prices and
wait for the seller to come down to it are now
beginning to realize that they have been walt
ing in vain. Prices will not jump up, but on
the other hand they will go no lower, and
those who intend to buy cannot do better
than make up their minds that they will have
no better opportunity than the present. 1t is
a very old saying that to buy when the mar
ket is down and to sell when it is up is the
way to get rich. The fact that prices are now
down must be patent to every one who pays
any attention to rea ty the inference, there
fore, that this is the time 10 invest is obvious.
The principal sale in City property effected
during the past week was the transfer OF the
Bay City Market property, on Market street,
near Taylor. The lot mas frontage OF 30 feet
on Market running back to Turk street, with
o frontage of 47:6 feet on the latter thorough
fare. The price realized was $500, 900.
REVIEW OF THE RECORDS.
During the week 129 deeds were placed on
record.
The mortgages for the same period were 73
in numb Der and $239 Alb in amount
The releases were hfty-seven in number and
for a total of $263, ,117.
NEW BUILDINGS.
The following building contracts have been
entered into during the past week:
BY A. Clark, on northwest corner of Baker
and Pine streets, three-Story building ar
ranged in flats.
By P. Barry, on southeast line of Tenth
street, 200 feet southeast of Harrison, two
frn htttl irn
Adams Company, for alterations and addi-
tions to brick building on the northeast cor
ner of Kearny and Sutter streets.
Christine Warneke, on southeast corner of
Haight and Devisadero streets, part contract
for a four-story frame building arranged in
stores and flats.
p. ]. Fitzpatrick, on south line OF California
street, 26 feet east of Lyon. two-story frame
building.
J. D. Siemers, on northeast corner of Guer-
zero and Twenty-sixth Is, story frame
building arranged in fats.
William Hack, on southwest corner of
Chenery street and Groton avenue, a two-story
frame building.
H. G. Otis, west line of Larkin street, 12S Is
feet west OF Green, a three-story frame build
ing arranged in fats.
w. F. McNutt, moving of residence from the
south line of California street, between Frank
lin and cough, to the north line of Sutter
street, 12O :215 feet east of Van Ness avenue.
Morris Windt, alterations in o two-story
frame building on the south line OF Filbert
Louis Altmark, alterations and additions TO
building on the northwest corner of Seventh
and Natoma streets.
Emil Eleaser, south line of Oak street, 81 :3
fee west of Ashbury, two-story frame build
ing arranged In flats.
Brun Cordes northwest corner of Sanchez
and Eighteenth streets, two-story frame
building.
T. F. Dugan. east line of Lyon street, 81 Is
feet south of Geary, two-story frame puild-
ing with attic and basement.
fAhI ENlc
street, $50 feet south OF Twenty-fourth, a two
story frame residence.
NEWS ITEMS
Work is progressing on the Polk-street hill
from Greenwich to Lombard streets. Before
many DAYS the grade will be leveled.
L. Scatena is to erect a two-story frame
building, containing stores below and Offices
above, OF the north corner OF ontgomery
avenue and Stockton street, to cost about
SIG 600.
Alterations and additions are to be made in
the building at the corner OF Bush and Market
streets. in the property OF Charles Holbrook.
At the northeast corner of Baker and Clay
streets a handsome residence is to be erected
by Mrs. Davis.
Two flats are to be erected on the west side
OF Larkln street, near California, by Mrs s.
Patek.
Jean P. Cauhape is to erect two more fats
on Harrison street. between Four tn and Fifth,
adjoining those recently completed.
keid Brothers have prepared plans for q
three-s Tory brick building to be erected by
Claus Spreckels on Stevenson street, near
Third, adjoining the new home OF The CALI.
building arr anged in two flats is TO be con-
structed on the north line of Washing ton
street, between Jones and Leayenworth.
Alterations and additions are to be made by
Charles Hirsch in his residence at 1919 WASH
ington street.
C. s. Dugan Is to build a double-fat house
on the east side of L. on street south OF Grove.
NJ. B. Levy reports The sale OF southeast cor.
ner of Cough and Oak streets to Frederick
Ehlers for $1,000. The lot is 3OxS7:6 feet
Charles J.. Campbell & Co. ports the fol-
lowing sales: A lot 50x106:3 on the east line
of Cole street, 100 feet north of Fell, for
$4,000; q lot and improvements at 41S Her
mann street for $4,000, and n lot 25x137 Is on
the north line oi McAliister street, 1926 west
of Scott. for $3.50.
the Michael Lynn subdivision of the Ga
bilan ranch, near Salinas, has been placed in
the hands OF G. II. Umb bsen & Co. for sale in
subdivisions.
Easton, Eldridge & Co. will offer fine list of
City property Tor sale at auction on Tuesday.
Their catalogue includes five lots on the
southeast corner of Van Ness avenue and
Francisco street, the lot on the southeast cor
ner OF Church and Liberty streets and other
pieces. The same firm will hold grand auc-
ton sale at Vacavilie. solano County, at 1
P. NJ. Saturday. May Is. The property to be
disposed of consists of the Merrell ran ch for
merly part of the Udell ranch, at Allendale
station. There are 22OO acres In the property
which will be offered in subdivisions of eighty
acres. An excursion will leave the ferry at
4. M. on the da- OF the sale.
Baldwin & Howell will offer at auction on