The San Francisco call., 1907-01-06
REVIEWS GROWTH
Of THE CITY
Interesting Circular Is Pub
lished by the Real Estate
Firm of Magee 6 Sons
PROPERTY IN DEMAND

The real estate firm OF Thomas Ma
gee g. Sons has published an interest
ing review OF the citys growth during
the past year. The rise in real estate
is shown by line commencing in 1867
and continued tin 1906, which rises
and falls according TO the pulse of
the market In 1863 there was consid-
erable activity in realty, but from 1870
TO 1875 the market was on a level
plane. Property went soaring in 1875,
then prices dropped till 1886, when
there began another steady rise Prop
erty values gained their greatest
height in 1890.
Then the market fell till 1893, but
since that time prices have been stead
lily rising. The high mark was reached
in 1905, with a record OF $4,000, 900.
Last year owing to the fire. sales fell
little below $70,0Oo,000. Magee shows
that the real estate market has risen
from S15,oOO,o00 in 1867 TO $4,000, 900
in 1905. He also gives a comparison
between the years 1895 and 1905. In
1895 our population was 325,00 and
last year 100000. The bank clearings
for 1895 were 1892. .079,240, last year
sl99S, ,40O,779. Sales of~real estate In
1895, s75.s47.36l; last year, ses.0e4,S 800.
Savings bank deposits, 1905, s107,744,-
AS, as against $l6S,S45,142 in 1905.
Building operations in 1905 s5,63e.942,
as against S39254.467 in 1906
Magee in his circular shows that had
in not been for our fine financial stand
ing at the time Of the fire San Fran
cisco would have been effaced from
the map. In the first few weeks sue
ceeding the fire Eastern money was
talked about, but we have done with
out outside help.
II is also interesting TO note. though
not stated in the circular. that the
Magees have made the biggest sales in
each year of the forty years under
review. Among their big transactions
have been the Fairmont property last
year and the Hood property on Mar
ket and Powell streets. in 1890, which
was sold by E. J. Baldwin TO James L
Food for Sl,425,O00. In 1904 the Ma
gees negotiated the sale of the Lick
House and other properties owned by
Mrs. Oelrichs TO syndicate for
$4,000 600.
In concluding the review, the cir
cular says:
The growth of San Francisco. as evil
oenced by the great increase ia popu-
latlon, by the heavy increase in bank
clearlngs, by the large increase In our
savings bank deposits. by the large in
crease IN our building operations the
upward movement of prices in real
estate and the immense Increase in the
volume Or real estate business done in
has been nothing short Of marvellous
In this time our population. had in
creased over &c per cent; our bank
clearlngs had increased over $50 per
cent; our real estate sales had in
creased about &C per cent and our
building operations 260 per cent. Many
OF Us had failed TO realize what our
marvellous growth had been and IN
what wonderfully fine condition the
nre OF 1906 had found US. with no
N qnlclpal debt to speak Of with
debt of only sS6,0O0.0O0 on real estate
and improvements valued after the
IRE at $500,000,000. with our real es-
tate owners, especially those in debt.
al the time Of the fire well insured.
and with what must be admitted on
the general average good treatment
and fairly prompt payments by the in
surance companies. is il any wonder
that we find ourselves at the end OF
the year 1906 only nine months after
the most terrible fire ia the history of
the world, doing a good business. max
ing money and rebuilding san Fran
cisco with San Francisco money and
with an energy and a viii befitting
the opportunity presented to us OF
making Of the new San Francisco a
greater San Francisco?