The San Francisco call., 1910-02-19
MARKET FOR REAL
ESTATE IMPROVES
Inquiries Indicate Widespread
Interest in Oakland Business
and Residence Properties

OAKLAND, Feb 1S.-The realty mar
ket continues TO show steady improve
ment. Brokers look forward to ar
excellent business this year. Trading
is picking up rapidly in all lines. Busi-
ness property is receiving unusual at
tention. and the residence sections, es-
pecially the new tracts, are among the
best sellers.
Confidence in the market is manifest
by the preparations which are being
made by dealers in real estate for big
business one of the noteworthy ele-
ments is the inquiry from outside
sources. Eastern people are making
many close Investigations OF Oakland
property. and the records Of transac-
tions prove that satisfactory result :
are being obtained. Purchases not only
of fine residence sites, but OF invest
ment properties, are increasing every
week as spring approaches Not foI
years has the substantial growth OF
the community been SO strongly
marked as during the last few months
MANY CITY IMPROVEMENTS
As the days run on, the many inn
portant Improvements of the city gov
ernment show better and better. The
list is such a long one that enumera
tion Of items would only serve further
10 demonstrate that greater Oakland
stands forth as one of the most pro-
gressive cities i'm the United states.
The effect is noticed in the lncreas-
ing population, the gradual and perma-
nent modernizing of the business dis
trict. the erection Of hundreds OF homes
which. as Il whole, reflect the best III
modern types Of residence architecture
and. in short. general braclng up
Oakland bank clearings for the last
two weeks show an astounding gain
over the corresponding period Of last
year.
For the week ended Thursday noon
the clearings were S2.S6S,5S464. IN in
crease over 1909 OF 1913 per cent. The
gain for the previous week was l6-S
per cent. Oakland led the entire state
for each week by q heavy margin. That
not a little of this increase is due 10
the renewal OF big transactions in the
realty market is the opinion of bust
nessmen.
HARBOR WORK ASSURED
The week has been favorable from
the viewpoint Of investors. particularly
those who are watching the develop
ment of the harbor. Reports continued
to come from Washington. which made
sure the appropriation Of federal funds
for the Improvement Of Oakland har-
Dor. The cutting Of a channel, 80 feet
deep. from the entrance TO the bridges
means that at nigh water any vessel
which might be expected TO dock al
Oakland WharVes can be accommodated.
CA akland viii provide ample and mod
ern docks. fully equipped with cargo
handling apparatus. for shipping. The
city expects TO share in the prospective
business that the Panama canal win
bring TO the coast and VIII be ready TO
handle IL.
There is probably no section within
the city limits of Oakland where great
er improvements have been noticea bic
during the last two years than at Grand
Avenue heights, the new residential
section north OF and overlooking Lake
Merritt.
TMENTY-FINE NEW HOMES
At least > new houses. costing from
81 900 TO $4,000 each. have been erected
in Grand avenue heights during the
last l. months. and the Frank X. Mott
company reports that approximately
$500. 600 worth of lots has been sold.
The street work is being rapidly pushed
10 completion. and judging by the prog
ress that has been made the entire tract
viii be equipped before the end Of the
year. The following statement was
made by r. B. Bull. manager of the
company, today:
We having more calls for Grand
avenue heights property than for any other
tract list. Every sunday. when the
weather is al al pleasant. entertain a
great many prospective customers at our
Office on the property Last Sunday We
SOLD more than $4,000 worth Of lots. and
expect TO At least equal the record each
Sunday for some time 10 come.
There i no section In Oakland that en-
JOYS finer view. better climate or
more desirable neGhborhood than Grand
avenue heights which fact is becoming
- -.1r e.F Nnse F#H
the result that we have no difficulty at all
in making sales.
We are very enthusiastic regarding the
condition Of the realty market and. Judging
from the sal les and inquiries have received
viii experience the greatest market dur
ing the coming year that have had for
time. Oakland is becoming known All
over the country. and thousands Of dollars
worth Of property l. being sold TO people
who do not reside I'm This county
They evidently realize that this city has a
great future and getting in at the
nric