The Washington times., 1905-10-22
Prices for f Street Prop
erty Double in a Year.
BROKERS QUITE SANGuINE
Predict Good Fall Business-Mary
Waggaman Holdings Sold Privately.
Big Ingleside Deal.

transactions of extraordinary import |
ance, but rather has moved in the
groove of numerous small deals relat-
ing mostly 20 the purchase of modest
homes and parcels of unimproved prop
erty, there Is abundant evidence that
Fa;ues are increasing with unprecedent-
edly rapid strides especially in the
business sections of the city A case
In point is furnished by the experience
OF firm that bought property on
street about year ago at about SIG
a square foot and has since been offered
%~ Tor the same parcel of ground plus
the improvements placed thereon. This
is by no means an isolated instance
Similar reports come from other busi-
ness thoroughfares. But as regards F
street it is interesting to revert to
prophecy contained in a paragraph in
a real estate bulletin published in
Washington over forty years ago:
f street has been converted from an
ordinary dirt road to one of the most
oeautiful as well pleasant streets in
this city, and is making q start. and
finally will become the retail business
street of the CITY," The publishers of
that bulletin probably did not dream
that their prophecy would reach full
nllment in so short a period. much less
that G. and III streets also would be
transformed from residence streets into
business thoroughfares. The same
transformation has been wrought as re-
CARDS Ninth. Eleventh, Thirteenth,
Fourteenth, and Fifteenth streets all of
which were then given up to residential
uses. These changes. of course, ac-
count for the increase in real estate
values not only in these streets, but in
others also. for in this case, as In 9TH
ers. the maxim holds good that what
benefits one part of a community must
necessarily benefit the whole.
Jubilant Over Outlook.
Washington real estate brokers are
jubilant over the outlook for sales in
the near future, and many of them pre-
diet spirited activity in every class of
property by the time Congress convenes.
In the meantime, very recently there
has been n wave of dullness in the mar
ket, and most of the transactions dur
ing the past week were unimportant and
of no general public interest.
The consensus of opinion. however.
Is that the past summer has been a
really remarkable one IL has been
marked by steady trading and healthy
development. which is a source of much
gratiiication to those who have capital
invested In realty as well as TO all per-
sons who have the welfare and future
of the District at heart. Some of the
dealers are more conservative than the
majority in estimating the relative value
Of the operations OF the last few
months, but even these say that the
business Of the heated term has been
good
Views of Brokers.
Jesse L. HeiskelI, of the firm of Heis-
ken & McI>eran. declared yesterday
that, looking at the situation as a
whole, Washington has just closed one
of the best summers il has had in real
estate for many years. James j. Lamp
ton, of the firm OF Early & hampton,
was enthusiastic i'm his estimate of the
market He asserted that. so far as he
knew, the dull period had never been SO
productive of business as this year. and
he said that his Office had made more
gales in the past six months than II
had ever before made in any twelve
months period
One weII-known broker, in discussing
tie activity in the real estate market
expressed the opinion that its preseni
prosperous condition is in measure
attributable to the investigation OF the
great life Insurance companies. and tn,
CONSEQUENT disclosures as TO the methods
Of some of them which have impaired
the confidence Of many frugal people
As this broker expressed IL, THE peo-
sle who save their money are getting
back to first principles and securing
their investments in real estate.
Investors are seeking good business
properties. and ample money is ready q
snap ND any such property which vii
,is!d a substantial return.
Confident Predictions.
prophets arc confident in theil
,,reuictfon that the time is not far on
when there will be marked advances
I'm the values of business sites betWeer
Pennsylvania and New YORK avenues
and seventh and Fifteenth streets. They
believe that the prospective opening
OF the new Union station and the ne~
District building Will, >among othel
things. add an invigorating stimulus Il
this entire section Even now people
having money to invest are anxious
TO buy in this part OF the city and 4
is believed BY the dealers who handi,
most of the property there that prices
VIII continue to improve.
washington Heights and the sub
urbs in the northwestern section, al
well as the vicinity of Lincoln Pari
northeast. are fiourishing nowadays.
The development in these localities
is not confined to sales alone, an'
paying improvements are dotting then
here and there. Several fine apartment
houses are nearing completion on tn
heights while the feature in the neigh
borhood of Lincoln Park is small
houses. Such structures are nndint
ready sale, and Liebermann & Hawl
report that FIVE out OF six two-stor,
houses erected by George w. Bsrkmai
and ranging in price from $500 4
$1,000. were sold before they were com
pieted. Similar experiences have fallei
In the way OF other dealers.
Sales of Waggaman Property.
Sales continue 70 be made OF the prop
erty of Thomas E Waggaman. Most o
these transactions involve scparat
pieces, and are being acquired by in
cividual home seekers. II was state.