The San Francisco call., 1904-04-04
GOOD WEATHER
HELPS MARKET
Dealers i'm Oakland Real
Estate Report Numerous
Important Transactions
Oakland Office San Francisco Calb
LIS Broadway. April 8.

lllS broadway. ApIll .
With the return of pleasant weather,
the local real estate market has re-
sumed it's activity, and the dealers re-
port large sales of residence property :.
during the last week. The all-absorO~'
ing topic among real ate men at
present Is the proposed bond issue and
its probable effect upon Oakland realty.
The dealers agree that, although the
pro- bond sentiment mas not yet exeTted
noticeable influence on the sale of local
real estate, that as summer advances.
and more hOmeseekers begin TO come
into this city, the bond issue will be the
principal factor in the sale of Oakland
real estate
Frank j. Woodward, president Of the
Oakland Real Estate Association, e1.-
presses the opinion that upon the result
of the coming bond election depends
the future of the Oakland realty mar
ket. Mr.. Woodward said:
The result of the bond election will make
break the Oakland real estate market. II the
bonds are carried the future Of the market -
assured, while On the other hand. IL the
bonds meet defeat at the polls values will
the volume Of business in Oakland real estate
has steadily increased. The pleasant weather
has had most beneficial effect on the market.
enabling prospective investors 10 get around
and examine property the result being im-
mediate increase in business. Among the more
following:
The Morehouse residence on the corner -
]. Boyes price s15. 600: 400 feet frontage on
Twenty-fourth street and Bay place; lot
S2100; cottage on West street. nea- Fourteenth.
TO Charles GarwOOd. $1,000; lot on Valdez
street, near Twenty-sixth. 10 Walter S
Mackey. $1,000; residence Seventh avenue,
East Oakland. TO h H. Thurman. $4,000
One of the most important trans
actions of the last month was the sale
OF 200 feet front on Clay street, between
First and Second, opposite Westphal
& Sons r1ill, to the Sperry Flour Com
pany. The purchasers will at once
erect large warehouse on the prop
erty. This sale was made through the
Office of ]. H. Macdonald & Co.
William ]. Laymance OF the Lay
nance Real Estate Company said:
The opening Of the spring market has been
through advertising more evident than ever
The announcement made yesterday that the
Santa Fe Railroad Company and after
April % Will route all Oakland freight and
passenger traffic direct Is great step for
ward for Oakland and is destined to have ma
terial effect upon real estate in this city
The awakening OF the commercial bodies o.
Oakland particularly noticeable in the mem
bership Of the Oakland Board OF Trade passing
the SEQ mark and the assurance OF il reach
ing at least 1000, and the activity with which
this body is taking up the bond issue and
other important improvements, has created a
State regarding the future possibilities Of.
Oakland We look forward TO one OF the mo A
active years in Oakland's history along suf-N
stantial lines in Oakland real estate
Notwithstanding the fact that the month
of March greatly broken into by the
rainy weather. onr sales for that month have
registered over 100000.
A Z. Magill has recently awarded a
contract to w. T. Vietch & Co for the
erection of a three-stOry building on
the corner of Thirteenth and Castro
streets, which will cost $4,000. The
plans for the structure were prepared
by Architect William Knowles.