The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-07-17
VALUES IN CITY
ARE ON INCREASE
Improvements in Business
Streets Maintain Stand
ard of Valuation
Each Section Shows a Healthy
Condition, Warranting
High Prices

Though real estate men claim that
the market is dull" said a well known
capitalist, yet I have not been able to
find any bargain sales, and I am al
ways on the lookout for pickups"
Nothing can be truer than this state
ment. There are no "pickups" in real
estate in San Francisco. and the sale
that was made during the week of the
northeast corner of Davis and Califor-
MIA streets for $4,000 on which. 1t is
understood, a building for ONCE pur-
poses will be erected, proves that
values are maintained. for the lot with
an L was sold at approximately for
81. geo a front foot.
Any person who expects to find cheap
property in San Francisco will be dis
appointed. This does not mean that
values are altogether unreasonable, for
IL is said by men who have business
property at Los Angeles and Seattle
that our values, as compared with those
of the two cities mentioned. are ex-
tremely reasonable.
TRUE IN ALL LINES
This is as true of business as well as
Of residential property. and the fact
that new tracts are to be opened soon
Parkside and Sunset are doing well.
and that there is an increasing demand
for this class of property.
People who have followed the growth
Of the city are confident that it's ex-
pansion in the next FIVE years will be
greater than at any time IN it's pre-
vious history. This is shown by the
wonderful building up within the last
six months OF several new tracts, which
is said 10 be entirely due to better rail-
road facilities. and when the enormous
travel across the bay by the two ferry
lines and also down the peninsula IS
taken into consideration the only con-
ciusion that can be reached is that we
are a greater city than the most ardent
admirer of san Francisco realizes.
IN COMMERCIAL DISTRICT
Taking it for granted that San Fran
cisco is a bigger city than given credit
for It is not surprising TO learn that
values in the entire district from Pa
ciic street on the north TO Powell on
the west and Mission on the south, with
the bay as the eastern boundary, are
holding their own. and that IN some in
stances have shown an increase over
the valuation that existed previous 10
the fire.
AS far as Market street is concerned
there is not the least doubt that from
Seventh street TO the ferry values have
increased since the fire If we compare
Market street with the business streets
of Los Angeles and Seattle, it will be
discovered that the values in Market
street. from Seventh to the ferry, are
extremely low. This is proved by the
sales that have been made recently
in Broadway and Spring street. Los An
geles, and Second avenue IN Seattle.
In these cities property in the streets
mentioned have been sold at values
that equaled and even exceeded those
made during the same period in Mar
ket street 1t can not be said by even
the most ardent believer in the great
ness OF those cities that they compare
in Importance with San FRANCISCO. and
therefore the only conclusion that can
be reached is that either values are
inflated IN Los Angeles and Seattle, OF
that our valuations are too low, and
there are many who incline to the lat
ter belief, mostly the owners of prop
erty
Market street, from Seventh street to
the ferry, will be the greatest retail
street IN the city for many years "a
come. The opening of the Palace will
give a great stimulus to trade. and 1;
seems like old times already, for bust
ness is already going to the Palace
and the first one to open in the new
hotel is a steamship line, and one OF
the Hill roads will be also there short
". II the Gould line also opens a city
ticket office in the building It will re-
establish the Palace as one of the best
buildings for store purposes in the
city.