The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-04-29
ACTIVITY In REAL ESTATE
The Busiest Period Since Prior to
the Panic Of 1898

Many transactions in Property to
Be Occupied as Homes by the Pur-
chasers Capital From Abroad
Finding Investment in This City.
Since the period of commercial activity
which preceded the panic of 1898 there has
never been a time in the history of Wash
ington when business in the real estate
market was 50 brisk as it Is at the pres
ent time. Real estate brokers are doing
a greater amount of business and more
property is changing hands daily than has
been the case for several years
The best part of the situation is that it
is not mere speculation. buying and sell
ing on the part of dealers which makes
the market bulIish. Persons who are buy
ing property in Washington in these days
are purchasing it with a view of estab-
fishing homes. This is Especially true Of
the suburban properties. The recently
awakened interest in manufacturing dis
played by the business public of the Ma
tional Capital has caused land in locaH-
ties, well fitted for factory sites, to make
a sharp advance in value.
Washington has always stood peculiar
" in q class by itself There are more
exceptions to the rule in this city than in
perhaps any other in the world The alb
sence of commerciaIisTn is pronounced,
and the value of property is low
The suburban sections have built up
rapidly. Government employees form the
greater part of the population. IN the
cid days when tenure of Office was gen
orally limited to the time intervening be
TWEEN the election of Presidents there was
a general backwardness on the part Of
clerks TO invest their savings in the Dis
trict of Columbia. If they were ousted
from their positions they had to sell their
homes at a loss. But with the application
of the Civil Service laws there is a great
er feeling of security, and, now the pur-
chase Of homes is the most popular form
Of investment. The suburbs naturally Of
! fer the greatest attractions Plenty of
| room fresh air and cheaper ground are
| the most potent influences which yearly
attract people who have formerly lived
in the city This assertion is not mere
| speculation, but is supported by figures
as TO the business transacted by real es-
! tate merchants. a prominent real estate
! merchant, whose Office is on F Street. in
/ the midst OF a lot of other offices of the
same kind, said today that he daily had
| applications from persons who desired to
| remove 20 the suburbs. In the case of
LIl- NitlhS Atit Easy 4dA liiEllt
/ plan is worked with great success.
/ The short hours, g o'clock until 4, are
not exactIug People who live in the
( suburbs can easily, if the street-car ser
( vice is not too poor, get to the various
! departments in time 10 begin work Wash
/ ington covers a considerable area, but
/ there are a number Of pretty suburbs
within half an hours ride from the heart
! of the city BriFhtwood. which probably
! possesses more up-to-date Improvements
| than any other suburb in the District of
! Columbia is only twenty-five minutes
! ride from Ninth and T Streets. On the
! TenIeytovn branch of the Washington
| Traction and Electric Company's lines
/ there IS much desirable property which Is
+ rapidly being built up. Numerous other
/ parts Of the District are proving popular
/ with hone-seekers, not to speak Of many
pretty villages in Maryland, which are
! easily reached either by electric or steam
! That Washington real estate affords an
/ excellent opportunity for investment Is L
! tested Jy the fact that considerable out
side cauitaI has frequently been placed on
! the market. = California syndica te re-
! Gently invested a quarter OF million dol
lars in well-lOcated real estate II the
/ northwest section of the city The prop
eTIy was rather hllIy ana rough Dut II
! was high DIV land. and the agents Of the
I syndicate immedia tely began grading and
/ cutting through streets The property
bought by this syndicate about a month
/ ago is now quoted at a pronounced aC-
! vance. The Improvement has caused a
! marked increase in the value Of adjacent
The same spirit Of investment seems
! prevalent as TO property in the eastern sec
| ton OF the city and that along the Poto-
! mae. where factories viii be located
| should the present movement TO attract
| manufacturing industries % Washington
| materIaIize and meet with substantial