The San Francisco call., 1904-11-07
DEALERS FIND
MARKET QUIET
Approaching Presidential
Election Causes Lull Ill
the Real Estate Business
FEW BIG TRANSACTIONS
Prospective Purchasers Show
an Inclination to Await
Close of the Campaign
FEW BIG TRANSACTIONS
Oakland Office San Francisco Call,

Oakland Office San Francisco Call
1915 Broadway. Nov. s.
With the exception of what dealers
term small business. such as the sale OF
the cheaper residence properties and
the usual renting business. there has
been little activity in the local real es-
tate market during the week, the ap-
preaching Presidential election having
caused lull in larger transactions.
Several real estate men report large
transactions pending, which will not be
completed until after the election. The
influence of the political campaign on
the realty market has not been felt TO
any extent in building circles, and con-
struction work has been begun recent
ly on several new buildings, notably
large apartment house at Nineteenth
and Franklin streets and another at
San Pablo avenue and Nineteenth
street. The construction of houses and
cottages in all parts of the city con-
tinues with unabated activity, and
while nearly all the contractors are
BILE before the steady rains set in. many
have begun the erection OF small
houses within the week.
These houses are being built for new
comers to Oakland. who have been un-
able to find suitable houses for rent
and have decided to purchase property
and build at once rather than spend
the winter in hotels or apartment
houses. There are practically no
houses to be had in desirable locations
at less than $35 a month. Those that
rent for SIS to $25 in most cases are at
a considerable distance from street car
and railway lines. Much land has re-
Gently been purchased by spectators,
who intend to build homes for the pur-
pose of selling or renting.
Plans have just been completed for a
large three-story apartment house at
Telegraph avenue and Twentieth
street on the property owned by DR.. w.
d. Huntington. The excavating for the
foundation will begin as soon as the
rainy season ends. The new building
will be erected by a corporation of
which DR.. Huntington is one Of the
members.
Representatives of Oakland real es-
tate firms have recently been making
inquiries from the railway companies
as to the number of visitors expected in
California during the coming winter.
as indicated by the inquiry for and
sale of tickets in the East. 1t has been
learned that the passenger depart
ments expect heavier traffic during the
winter than ever before. Real estate
dealers expect that many of these Wis
itors will decide to locate permanently
in California, and no doubt a large
number Of the newcomers will choose
Oakland as the place in which to es-
tablish homes, both on account of its
natural advantages, climatic and
otherwise, and also on account Of its
proximity to San Francisco, the busi
ness center Of the State.
Real estate dealers generally expect
that business will increase Immediately
after election. z. 2. Vandercook, pres
idanf nf ID VandarPnnx CnT0-
pany, in discussing the present condi-
tion of the market said:
There IS little doubt that the campaign has
caused a marked lull IN the real estate market
week. AS soon as the Presidential question is
settled 1 believe the market will resume it's
wonted activity. and present conditions indi-
cate that all kinds Of property, both for bust
ness and residences. will find ready sale at ex-
During the last few months there has been a
considerable increase IN the demand for East
Oakland property. That section, which has
been practically dead for several years. has
apparently begun to move again. 1 have at
present several large transactions on hand,
which I expect to close Immediately after the
election
E. ]. Stewart Of E. ]. Stewart & Co.
said:
Our business has been confined for the last
three weeks to sales Of small residence proper
ties but 1 think that after the result Of the
election is known business will at once pick up.
Prospective purchasers of business property
seem inclined to wait until after the election
before closing large deals and 1 now have one
or two important transactions on hand which
will not be able to complete for a couple OF
weeks.
I believe however, that the coming winter
will more and larger deals in Oakland real
estate than have ever before been known in
this city.
c. z. Reed, formerly a well-known
real estate dealer of Minneapolis,
Mimi, has just bought out the firm of
Bhoeam & Campbell, whose place or
business was at 46S Eleventh street.
Mr. Reed will occupy the same offices.
BERKELEY, Nov. 6.-Joseph J. Ma
son, prominent real estate broker or
Berkeley, reports that within the last
thirty davs he has sold thirty lots in
the Fairview tract, which was recently
opened.