National Republican., 1883-04-14
THE REAL ESTATE TRADE.
Dealers All Report Very General Inquiry for
Residence Lots.
Indications That Washington is Soon to
be a Great Winter Resort.
A Fine Site for Splendid Public Building on the
Avonue-The Market Lot
Progress OF building i'm All Parts OF the
City-suburbRn Property.
REAL ESTATE.

The real estate dealers of this city agree |
that the condition of the market was never
more healthy than at present Property in
almost every section of tho city is in demand,
and purchasers are buying at fair prices
There is also good demand for suburban
property y
Mr.. J. V. n. Huyck said to q reporter VS.
terday that there had never been in lIs OK
perionco moro inquiries for prope~sy than this
gnrinr. Men of means believe that district
real estate is "A good and substantial invest
ment. Inquiry is directed principally to-
property in the northwestern section. AL
though there is coming a reaction in favor of
the northern part of the city, and ground
which has been lying unimprovcd for years is
now being built up. Then too good many
buycrs are looking with favor at property in
the vicinity of Judiciary square. The cree
ton of the new pension office building will
enhance the value of the property in that
neirhborhood.
lfcssrs Fitch, Fox & Brown think the pros
pcct, for this spring are very ilattcrng. Tho
demand for property seems to be steady one,
indicating n confidence in its value. There
seemed to be some considerable activity and
increase in valuc in property on Capitol hill,
and also in suburban property. Meridian
hill, which was formerly owned by the CO.
lumbar college, has been plated into desr-
able lots ande, number have already been adj
vantageously disposed Of
Mr. Thomas j. Fisher thinks that the re-
suits so far had fully justified the early pre-
dictions for the spring trade in real estate.
Property in every part of the city was bring
ing good prices and met with ready sale.
The northwest was, of course preferred, but
still many transactions were going on in
other localities.
NIcssrs. Tyler & Rutherford spoke in about
the samo terms as the last named.
Messrs w. w. Danenhower x Sons did not
. think that the sales so far had quite justified
their anticipation, but that was probably on
account of the weather which has been so
unsettled. The inquiries had been numerous,
md within the next month the sales would
probably he very large. There seemed to be
"a decided upward tendency in Capitol hill
property, and many elegant buildings were
being erected in that region The need, how
ever, in this city is for substantial seven or
eight room houses, which can be rented for
$25 per month.
Mr.. Thomas J. Myers coincided with Mr..
Danenhower rs TO the upward tendency oil
property on Capitol hill, and mentioned some
Instances where ground had been recently
sold at a large advance over what 1t had been
held at for years He considered the marker
in good condition.
Mr.. R. o. Holtzman said he had never
known business in real estate SO brisk as this
season, and as an evidence stated that since
the twcnty-siXth of February he had sold over
100000 of property. The demand was still
active and there was also . good deal of in
uuiry for houses to rent There were moi
houses enough to 90 round He didn't have
single house vacant, and could dispose o.
more if he had them.
Messrs. Duvall & Marr had never known
the demand to be so active rs now since
they have been in business, and they EN-
phasized the opinions of other real estate
men as to the steady increase in value IN
every section of the city.
A. l.. Barber & Co, held the same opinion
as to general activity in property, and re
ferred particularly to the demand for subur
ban property. This firm has the control o
the old Stone estate which lies just north o
Boundary and east of Fourteenth street
which has been divided up into lots, and {
large number has been sold. Not day
passes that inquiry for suburban lots is no
made, and the sales are quite active
Mr. George Il. Trucsdale believed in tn,
steady increase in the value OF property il
cvery part of the district; that capitalist
were seeking real estate here as an invest
ment and many arc buying to build house
for themselves.
Mcssrs. Presbrey & Green had the SAM
general idea rs to the tendency of propcrt!
success of their suburban property, formerl!
known rs :" the widows mite" which lie
upon tho brow Of the hill by Columbia road.
Mcssrs John Sherman & Co. thought tn
Indications for prosperous spring most fiat
tcring and referred to a recent sale made d.
Them Of tho vacant ground on the south sid
Of COrcoran street, between Thirteenth am
Fourteenth streets, for Il. n. j. Cammack .
NT. Z. e. Martin, who will erect six tire
story and cellar pressed brick houses. wnic
will no for sale by them for 5000 each ais
tho sale for John Joy Edison of the ground q
tho corner of Tenth and X streets northwcs
20 parties who will erect two nice dwcllin
houses, which will sell for $1,000 or $500
each.
Mr.. B. II. Warner says the real estate maj
ket is firm; property is selling all over tn
city at fair figures, aud there is confidence o
tho part of spectators and parties who bu
With a view of improving. you can see
am busy by staying here for an hour. Severa
hundred people visit this Office every day
and we are ready to quit when night come
Real estate and newspaper men build up citiC
Hrd public sentiment, and don't you forget IL.
Mr, W. II, Main said that there were YER
promising chances for real estate; that Will
ale Western section was the most preferred
there was good outlook for suburban rea
uslil, lie spoke of several large sales rC
vont'y uadc, Capt, Curtis is erecting fin
residence near Silver Springs station, on tn
Metropolitan branch, joining the Blair estat,
sha site for which was recently purchased
hT. Joel Scales, of Massachusetts,, has pun
chased the old Gibson farm, just outside tn
district, and is changing its appearance
very rapidly by planting fruit tree
putting up new fences and erecting
fne barn, partly Of brick A gentlema
from Kentucky, who owns property both !
Kentucky aud New York. likes this city
we'll that he has bought n place here and il
tends making this his home, He sold ii
summer residence ON tho Hudson to com
mere. Most Of tho purchasers are nOrther
and western people Of wealth and retincmen
who desire residence here and are able an
willing TO pay cash for whatever they buy.
SITE FOR GRAND STRUCTURE,
The recent decision OF the supreme court
tho United States maintaining tho agrcemer
made by the District Of Columbia in 1SI
with tho Washington Market company Civ,
tho corporation of Washington lease hol
for ninety nine years Of the present par
fronting tho building Of the market compan
and covering the space between that stru,
tuTo and Pennsylvania and Louisiana ave
nues, from Seventh 10 Ninth street.
The area of the property in question is 8!
feet front on Pennsylvania and 'Louisiar
avenues by So feet in depth on Seventh an
Ninth streets, while tho terms of the agre
Inent referred TO devote ample space for tl
common purposes Of communication betwee
tho market building and any structure thi
may be erected upon the premises now hel