Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-28

$40 to $50 per month. THIS =: - .liht
due TO the fact that we are % nav, o, .Vng
session og Congress thisyear, and inquiries
for houses of all kindsshow that the in
coming transient population this winter VIII
be unusually heavy. Among this class
always to be found many buyers There is
an excellent demand for homes in all parts
of the city ranging in price from $4,000 to
$4,000, and We have made many sales of
this class of property to permanent home
buyers, particularly on Washington and
Columbia Heights and in BlOomingdalc In
fact, there have been many demands for
homes from Intending purchasers this fall
that / coincide with the view that this COM
ing winter IS to mark the busiest We have
had in years ali kinds of salable prop
erty well rentals of dwellings, apart
mcnts and stores"
In all of the sixteen years I have been
engaged in the real estate business in
Washington, said David Moore August
and September of this year have been the
best two months at this season that | can
recall.
Including two very large transactions
which are now in process of being closed
one involving one of the largest transfers
of business property in the city of the
value of about $6r0.VT. | have ncgotia ted
during these two months over 81 0oooOO
worth of property.
Stiff Demand for Property
These negotiations indicate what a stiff
demand there is for property of all classes,
as these transactions included dwellings,,
apartment houses business property, unim-
proved property both for investment and
for the purpose of improvement, and other
individual pieces, most of which was what
Is called inside property-that is, not in
GLIDING property in the outer suburbs.
There has been satisfactory activity In this
latter class of property also, and conditions
obtaining In the suburb of Ingleside illus
trate this in that during the past year over
2'D houses have been erected in this sub
division alone, of which large ma jority
have been sold for home occupancy. This
purchase of homes in the subdivision named
and in others is 10 my mind of the best
indications of the healthy condition of the
realty market. as the demand for this class
of property is steady and continuous
Il consider that during the coming win
ter there Will be marked activity in
business property in the heart of the city,
The appreciation of business property val
ueS in this section and the faith buyers
have in this class of property shown in
the many instances of resale at a subStan-
tal advance Where a twentysix-foot front
Will go up from $4,000 to $4,000 in a
couple of years, and there are many of
such instances at varying increased pro-
portionate valuations. the fxedness of the
values in Washington's business center can
not be doubted.
There Is no better way of ascertaining
the pulse of the realty market than by
gauging the rentaly and the demand for
dwellings This fall the demand for resi-
dences of all kinds has been quite unprece-
dented During the past six weeks / have
rented over 300 houses. and the demand for
residences cannot be filled. The sane holds
true with the apartment houses on my lists
Tenants now lucky to get what they
want in both classes of property"
activity in Office Rentals.
The present activity of the realty market
and the effort made by builders and dealers
do Of
chasers." said Edmund X. Fox, president of
the a. F. Fox Company, lis shown in the
erection of a large apartment house in this
city, which We had in charge, in less than
five months. renting every apartment in it
and selling the investment at satisfactory
figure.
IAN important point about the market
which shows the general growth of the city
and the increase in population. is the rent
ing of offices in buildings especially de-
signed for such purpose. We make a spe
cialty of this class of rentals, and in one of
our office Structures-the National Metro
politan Bank building, which Is not yet en-
tirely completed-we have rented over one
half of the offices.
I'm fact the demand for offices keeps
pace with the great demand this fall for
houses and apartments. and we have rented
over 100 of the latter during the past
month. The applications this year for fur
nished houses for the social season have
been the heaviest since l have been in bust
ness and have difficulty in supplying
the demand of prospective tenants who are
willing to pay good prices for furnished
abodes for the season In all branches of
our business there is increased activity and
everything points to the banner winter in
the realty line.
No Dull Season This Year.
The summer just passing will be remem-
bered in real estate circles in Washington
as one in which the usual so-called dull
season did not obtain" said y. l. Sans
bury, las the demand for all classes OF
property, both for occupancy and invest
ment purposes, continued steadily during
the midsummer months.
business during the past month has in
creased greatly, and since the first of the
present year have contaminated sales
aggregating S1.5o0,0O0, including the Cum