The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-18


able, but Those That Bring Mod
crate Rentals Are Hard to Find
just Now-COnditiOns Are Gem
orally Much Better Than They
Have Been for Some Time.
Unless all signs fail there will be a
speculative movement In realty with
In a comparatively short time. The de-
mand FOR houses has never been great
er, and 1T is next to impossible to find
good medium priced house that is in
any way conveniently located. 1t is
not difficult, however to secure houses
above $50, but those between SO and
$30 are very scarce quantity N the
local realty market just now.
The exceptionally large demand for
houses may bring some outside capital
to st. Paul. Lots on streets with fine
PaVements, stone sidewalks, sewer and
water can be had at figures that are
bound TO attract some investors who
will build for rental purposes. The
wise tenant will sign lease for Il
whole year this fall, as there is gen
eral feeling among those agents who
control the largest number of houses
that there will be an increase in rents
by spring.
Any one who has been house hunting
this fall knows how difficult it is to
secure a good house, and an advance
in rents is condition which is bound
to follow the stimulated demand for
locations.
J. I. Farley said: at can be truth
fully said that the real estate condi-
lions are very much better than they
have been for some time past. A large
number of medium priced houses have
been sold during the summer months.
While the prices in most cases were
very low, still it is an evidence that
purchasers realize the fact that TINS IS
an opportune time to buy homes, be-
fore the advance in this class of prop
erty, which in my opinion must GER
tainly take place. 1 am having numer-
Gus inquiries for houses and residence
lots, and have made few sales re-
Gently. Rents are better this fall than
they have been for some years past,
which proves that our city is increas-
ing in population. The conditions are
becoming more favorable every day for
a speculation in farm lands and i'm
proved city property. Those who pur-
chase real estate in this city at present
low prices is sure to make hand
some profit within a short time.
y
Eat present there is a tendency to
buy" said William Candy" and this
has somewhat stimulated the market.
However, improved lots have so long
been offered at sacrifice prices that it
is little difficult for the dealer and
the buyer to come together on prices.
The buyer this fall expects to go into
last springs market, but he finds that
prices have materially advanced. At
the same time all classes of desirable
property is still offered at very low
figures. There is one pleasant feature
about the realty market at present;
that is a general tendency towards
stiffening Of prices. l like to see this.
I think q better price should be paid
for st. Paul real estate. 1t is worth
more than it is bringing. There can be
no doubt but what real estate is bring
ing better prices than for some years,
and there is every promise that 1t Will
go higher"
''I believe both real estate and rents
have touched bottom, and from now
on there will be a genera! advance IN
both lines" said ]. w. Sheppard. "There
are a great many homes being bought
now, and they are bringing a good
price. too. By that, I do not mean
that 1t would be a fair price in good
times. but trades are being made at
a higher figure than few months ago.
Even during the last fortnight there
has been a noticeable advance in the
prices paid for st. Paul property.
scarce, and the higher-priced resi-
dences are being leased rapidly.
There has never been anything like
the demand for houses at present"
said Mr.. Bayard, of Bayard, Duell &
Co. 1--WE can't begin to supply the de-
mand for houses between $40 and $25.
There are few high-priced houses to
be had at present, but l think this can
be accounted for by the fact that many
are moving into flats this winter
"The realty market has shown but
little change during the last week. The
demand is still for a middle class Of
residence property, and the dealers are
doing their best to supply this demand
at figures satisfactory to the buyer.
However the market is picking up,
and by next spring you will not be able
to buy a home for anything near what
you can get one for now"
G.. Gilbertson said: at am receiving
quite a number of inquiries from peo-
pie in other states wanting farm lands
in Minnesota and Wisconsin. There
will doubtless be a large number~move
1lfIo MlnheSotd neat spilIS' DesiI dple
lands can be had at very low figure,
and the diversified resources Of the
state will bring a good class OF farm
ers in next spring. Some farm property
is being sold this fall
w F. Moritz said: THE outlook is
bright, and I am satisfied that there
will be a change for the better Nearly
every house in the city is rented, and
this alone can have none but a de-
sirable effect on the market"
H. A. Campbell said: Last month
was an exceptionally good one with
US. There has been little falling off
this month, but before Oct. 1 1 expect
some good trades will be made in St.
Paul real estate"