The Washington critic. [volume] (Washington, D.C.) 1885-1888, 1886-07-31
TIE REAL ESTATE MARKET,

} B. - 'NI1h - w I a u tl n lAiA u L.
Real estate business has been good all the
week, several quite extensive sales being
made and q large number OF small transac-
tons recorded. The dealers arc salts
fed with the state Of trade the business
this week being pretty well divided up
among them, and the greater part OF ~
payments Tor property have been cash.
You would re surprised 10 know how
many ladies in this city are spoculatlpg IN
CRITIC reporter. "Speculating in real
estate seems to have more OF a charm Tor
them than dabhling In stocks. They like 10
own and see what they are dealing In.
They viii 90 out and look at house they
intend to purchase, examine all the closets
ana housekeeping couvenlencies with
critical eye, aud they can pretty near
guess how the house will sell easily.
But when II comes TO apprOSlmating
the value OF a lot, they VIII slip up on II,
unless they have had experience IN that
line. have several lady customers whose
judgment IN real estate purchases has
sometimes proved superior to my own. But
TIE majority of the ladies Specializing IN
ltnd VIII leave their money with mo to buy
Il property. and whcu they get 1t VIII name
the piicp and have me sell It, paving mo Il
number Of ladies' In the employ Of the Gov
eminent who manage to double their sllA.
rl,s during the year by little specudtiOns Of
this kind"
In the last 'hree or four years, and cspc-
cially in the last year, great many
purchases Of real estate in this city have
been made by Government officials
and by Congressmen. Some OF the
baudsUmest houses in the city are owned
and occupied 10y men who came TO Wash
ingtOn as officials, ana, recognizing the fact
that this is the cluanest and most beautiful
city In the world, have located here. The
splendid educational facilities afforded by
our schools is usually u consideration to
men with children who contemplate rCsil-
ing Dcro. Several purchases Of valuable
property have been made 10y Congre,snGn
during this season.
The sale OF suburban properties continues
active and prices show no Weakening
The sales go on all around, in Mount
Pleasant, in Takoma, In Reuo, on Column
bla Heights and dozens of other pretty sites
Uniontown property is coming into tlc
market. A piece Of suburb1n property
near there is called Chichester, and Is selling
very well.
Another big slice Of southeastern prop
erty went Thursday, being about 1900
square feet, in the ncighborhood OF the
intersection OF Pennsylvania aud Georgia
avenues. 1t was bought ut n low figure,
such as any land down there eau be bought
for now. That section will be valuable
property some OF these DAYS, but when It
is Twill advance more in one year than for
five previous.
The boom III northeast continues undated
although not much property is changing
hands the second time. That is, spectators
whobuy are selling little, prefernng to hold
or to build. A large amount of building
has BEEN done this summer aud one who
had not seen the section for a year or SO
would hardly recognize 1t. This part OF the
city is settling up with nice class of PEG.
pie. The mania for building long rows OF
houses has fun sway here, aud all along the
streets can he seen rows of fifteen and
twenty houses OF size and kind, present.
ing & sameness Of appearance almost pain
full. These houses, which are nice and
comfortable, rent cheaply and make good
homes for u certain class.
-
gagged In business this side of the Creek, is
coming into favor, and number OF sales
have been made there lately. There is
great deal of desirable property In George
town, which can now be bought that will
certainly be valuable. The West End keeps
pushing out to the west. 1t has pushed UP
to the foot Of Meridian Hill, and nearly to
the banks OF Rock Creek. Some day 1t will
cross the creek ami people will find that the
elegant old manor estates in Georgetown
are just what they have been looking for,
Property in the northeast section has
within the past few days received another
impetus by the purchase by Senator Cam
eron Of $4,000 feet of ground In square
sos and by the National Capitol Invest
ment Company Major Walkprs) OF l25, 900
feet in square $50. These sales have been
kept quiet rs far as possible and 1t is sur
missed tfat more purchases are contem-
LA. To-, lao,