The evening times., 1902-06-02
LAST WEEK IN THE
LOCAL REALTY MARKET
very Fe10 Transactions Of importance and The Dealings
Wee Smaller Than Was Expected

There were few transactions of any i'm
7ortance affecting local realty recorded
during the past week and on the whole
business was not up TO expectations.
There are any number Of good things il
the air. but spectators and home-seek-
ers are inclined to postpone investing
their money for a while. The tax asita-
ion in Congress has no doubt had its
effect although 1t IS not believed b. the
brokers that permanent injury viii be
done the market. In fact they look for
a busy summer with the dealings more
numerous than last sumner which wit
messed the ccnsUmmatlon of several
large transfers. The pass ~ of Il hOl-
iday usually retards business somewhat
and this has been so with Decoration
Day
Architects and builders are feeling the
effect Of the labor troubles and several
large building contracts have been tied
up since the Inauguration Of the plumb
a-s- strike and the difficulty with the
painters and carpenters. These com
mcnced Just at the opening Of the spring
f -tE~Il h ELtG ~ ettaN = OA i've III t-4N
building line ard there are probably
more buildings under construction at
this tine than for many years past
/ Every effort is being eEerted 10 bring
about q compromise. for with further
/ continuance Il viii be necessary to post
pcne indefinitely work on rospective
( structures II various parts cf the city
/ buildings only partially constructed can
/ he seen. while excavations for new build
I ings. are noticeable on the outskirts Of
/ the city. as we'll IS in the business sec
/ tion Money Is plentiful and can be Sc
cured at low rate Of interest
/ The demand for Investment property is
very good and q fer.'ure Of the market
T Is the number Of inquiries being made
/ for suburban property In the down
town section any property which yields
La net income Of 6 per cent is desirable
+ and can generally he disposed Of with
out much difficulty The changes which
! nave occurred in Ele business section
/ during the past few years have caused
/ some uncertainties. but property lying
/ TO the west and north bids fair to e2-
/ hance in value. For instance the sew
/ eTaI sales which have taken place OF
I Fourteenth Street near q street ana New
/ York avenue has shown the remarkable
+ appreciation IL the value Of properties
/ in this section N the lower section
/ however. anE even On F street it can
not be said that property has increased
F.. IN value 10 any great extent. In most
+ places Il has not reached the high stand
ard al which II WIS held prior to ths
panic tea years OF more ago.
-
There are several deals on for subur-
ban property and it IS quite probable
that several large tracts will change
hands before the summer is over. The
opening Of North Carolina Heights some
few months ago brought OF the market
property which until last year was cor
sidered farm land. Ir- Fulton Z, Cor
don. who has been holding the property
has disposed Of almost all cf The lots
there and a number Of residences are al
ready under construction Likewise o.
! Connecticut Avenue extended on the HE
10 Chevy Chase a large tract has bee
ooened u1 by Thomas J. Fisher q %
and other land in the immediate vIclnit,