The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-10-10
MARKET FOR REAL ESTATE.
PRESENT ACTIVE DEMAND NOT nun
To TEMPORARY REVIVAL.
Dealers REPORT Many Small Sales
During Past Week-Inuuiry for
Resides Property Especially

The revival In the real estate market
Seattle is now experiencing is healthy in
character and shows every promise that 1t
Will be steady and permanent In Its
growth. The leading real estate men fe-
port plenty OF inquiries for inside property.
especially residence property. with an I'M
usual number % ready cash sales. An
other Indication OF the superior activity IN
this direction is the constant increase ia
bank deposits by new corners who, real
estate men say, propose investing In Feai
estate AS soon as they become more faInii-
lar with The situation. The following are
the views OF a few of the leading dealers:
K < X
Mir. Blaine. OF the Denny Blaine Land
Company, said:
During thls week there have been no
large sa.es in the city, bat there have been
more inquiries for business properties than
during any week since the first OF the year.
In fact, we believe there is more money in
the city Of Seattle today FOR investment In
real estate than there has been since the
late pane. Outside Of the Inquiries for
business properties the greatest demand -
for small residences We think ii safe ~
predict that during the coming winter
months more property VIII change hands
than most people at this time realize The
period OF activity now present Is almost
as great as the period OF activity that
prevailed during the rebuilding or tho city
after the fire Of 1889
I'VE learn In hitting up the Denny hotel
y
der filled al any OF the Mills for thoroughly
seasoned or kiln dried lumber. unless q
long time - allowed the mil'men; In
harfweods the mills Of the state OF Wash
.nCton seem 10 he practically out and or
ders are being sent East for new stocks.
x K
Mr.. Conovcr. OF Crawford & Conover.
says:
is decidedly more inquiry for property. as
well as more frequent sales. Inquiries are
entirely FOR inside property. building lots
and residence property The great lack OF
residences VIII undoubtedly lead 10 a de-
mand for tracts for subdivision in ths near
future
we have correspondence from every
plrt Of the country, and all evidence the
fact that more interest Ia being taken .n
Seattle than In any other city In the West
AZ this time. There 10 no doubt in our
minds that the present improved condt-
lions is the forerunncr of a very marked
and long-continud prosperity In this
branch of the business"
K < 4
+. w. West says: I'VE are having
mora inquiries for strictly residence prop
eriy that we have ever had In the last
ten years. The inquiries cover property
Principally In the vicinity ana north OF
Madison street We also find that pre-
vailing prices for property now range
from 20 10 50 per cent. higher fhan a year
ago. Customers also appear 10 he bet
ter off financially. beng principally pur-
chasers for cash and people who are PLAN
ming tn build Immediately. ON many
sales recently made the purchasers have
been offered an advance on prices paid
Aside from the fact that we believe that
everything indicates a steady advance In
values, We realize that tho population Is
going 10 increase ana thai prices Will
advance with II. In tho last two weeks
we have sold al least ten TO twelve lots.
strictly FOR residences"
I K
r. II. Jordan sums up the situation a.
follows. II find fhat the bus! ness iS only
far, the demand for T sidence property
shows a Marked Improvement during the
last year. AMI there ~ Also large de-
mard for good Investment property. that
Is, for property which VIII return a good
rate OF in,cTs -. The outlook is very
good. Daring the last week ! have sold
TWO houses ard lots on Renton hill for
S5,G0 cash, beside small acre tracts and
small houses in North Sxatus"