The San Francisco call., 1897-03-15
REAL ESTATE
MARKET REVIEW
But One Important Sale
Effected During the
Past Week.
On Every Hand in This CITY
Building Is in Prog
reSS.
4 Feeling Of Confidence Sc ms to
Prevail Among P rsons Ident.fi ID
With Property Interests.

Agents continue to report an improved out
look for the real estate market, though mat
ters have not yet assumed that rosy hue
which accompanies brisk movement in
realty.
There isa strong holding on the part of real
estate owners, so that bargain hunters have
circumstances against them. A feeling of con-
hdence seem ms to prevail among persons iden-
tined with property interests. People who are
buying home by monthly payments care
little for the condition of the market. Large
and wealthy operators are apparently less con-
cerned as to whether prices move up or down.
1t is quite certain that some OF their prop
erty will be sacrificed. They are satisfied that
real estate will pay good Interest on the cost
price, though it may take little longer time
to realize than ex xpected.
On every hand in this City bull ding is in
progress. Street improvements of no small
magnitude are being made, while much land
Is being graded and put in shape for building,
which few years ago was as inaccessible from
the center of the City as is San Jose at the
present time. And on these newly graded lots
homes are being built for people in moderate
circumstances. Without reference to any one
particular neigh borhood, any one who will put
in day riding or walking about the outlying
sections VIII see hundreds of houses of this
ella S in course of construction.
When wcrkingmen buying homes for
their families and builders are putting up
houses to sell on long credit, the promise for
the future is good.
Flat houses also noticeable by their fire.
quency, and 1t Is remarkable how Quickl-
they are rented. People want to live in
houses with the more modern sanitary ar
rangements, and owners of old diapidated
structures are being compelled to rebuild Ii
they desire to hold their tenants.
A little attention on the part of owners to
outside appearance and within fxlngs, with
some changes in plumbing and drainage,
would likely have contented many tenant
and saved owners more or less loss in the way
of rents. 1t pays to improve when times are
dull, and this fact, perhaps, is the best argu-
ment to capital to come out from the cash.
box or hiding place.
As to the building of new houses, 1t can al
most safely be said that there is no danger of
suita BILE structures remaining idle after their
completion. The City will move forward her
commerce will grow and expand. while her
population is likely to Increase in numbsr sur
ficient to satisfy even the most pronounced
optimist.
The most important sale effected during the
week in local realty was the property situated
on the southwest corner OF Van Ness avenue
and O'Farrell street for 500, 900. The lot has
frontage of 120 feet on Van Ness. extending
from OFarrell street to Olive avenue, and
depth of 17S :6 on OFarrell street There are
! three dwellings on the Van Ness avenve 'front.'
worth shout $1,000. There is vacant space
| of T0X120 feet in the rear on O'Farrell street
Segregating this portion and deducting the
value OF tho improvements. Madison & Burke
| who were the brokers, estimate the price naid
| for the Van Ness avenue frontage at S340
| foot.
! The following, from Edwards Criterion. is a
summary of the real estate sales in this City
| from January l, 1897, TO January 81. 1897, in