The San Francisco call., 1910-05-21
REPORT BY WARDS
OPINIONS OF DEALERS

Views OF dealers as to the market
for real estate follow:
Nat NJ Crossley, manager Of the rea
estate department Of the Realty Syndi.
cate, said:
Il IS easy to see that the trend Of resi-
Dental development IS toward the foothills.
After the San Francisco fire the people be
gan 10 build their homes at about Grove
street and gradually the growth went east
ward and northward. Today the district
bounded BY Telegraph avenue, Broadway and
the same activity that the Forueth and
Grove streets district experienced in 1907
and 1908. Five years from now the Clare
mont hills will be teeming with activities
Five years ago lots around Sixtieth street
and College avenue could be had for $500
snd $500 Today they bring $1,000 and
$500. Better homes are being erected as
rbe growth approaches the foothills, with
the result that bigger profits are going 10 be
made By investors. An acre back Of Clare
mont could probably be bought now for
$1,000. which VIII be worth $4,000 five
- years from now. while s., 600 could not have
bought quarter Of an acre in the Sixtieth
street and College avenue district i've years
ago The Broadway lots increased three
times in value. but IL looks as though the
f0othill property back Of Claremont would
increase at least i've times the present cost
Al acre is approximately 2O0x2O0 feet,
Fnd II seems TO be conservative TO estimate
sn ultimate valuation OF $50 q front foot
Based on this figure these $1,000 acres will
be worth $4,000. which is big profit. OF
course. out Of this street work would prob
ably have 10 be paid Tor in time, which
or $500 for the acre. We are not making
any very aggressive efforts TO sell this acre
age because would just soon hold ii
and make the profit. However, tax
ing care Of all inquiries and have made
number Of sales.
April was one Of the biggest months in
the history Of the real estate department Of
the Realty Syndicate. and the sales far in
May are most encouraging.
DEMAND FOR HOMES
The Frank K. Mott company reports
While large transactions have been some
dence properties, there has been a big de-
mand for moderate priced homes. prin-
cipally IN the bungalow style, and especially
toward the eastern section Of the city.
For unimproved real estate. we'll stu
ated near transportation facilities. we have
no trouble In finding buyers, and this is
particularly true Of Eastlawu. our new tract
In East Fourteenth street this side Of Elm
hurst The attractive features of residence
sites with 20 feet front. macads mized
streets, cement cutters, curbed. sidewalked.
piped for water and gas and completely
severed have been readily recognized by
in a locality where only pretty houses can
be erected
Almost the entire East Fourteenth street
frontage has been sold in the blocks adj
extreme western edge Of the property. along
which run both the Western and Southern
Pacific railroads, commuters have been in
resting most satisfactorily.
Eastlswn is the only strictly bungalow
park in this section Of the state. and
such il is beginning 10 acquire a reputation
which viii increase its popularity even more
quickly than we had anticipated
DEMAND FOR PROPERTY
The following was Henderson &
.Tapscott's report of the Toler heights
property in the Scenic boulevard, where