The Washington herald., 1907-12-01
ARE IN DEMAND
Real Estate Market Shows Brisk Signs-Prices
High and Strong.

The real estate market during the week
has shown some signs OF enlivenment-
Money conditions have been clearing up,
and some Of the deals temporarily post
p0ned on account OF difficulty in placing
loans have been completed The sale of
houses has continued and some deals for
business property are being arranged SAT-
isfactorily 10 owner and buyer
There IS q diversity OF sentiment among
brokers as 10 the exact condition OF the
market Some say they are doing little
business. ascribing the falling OF in sales
20 the financial furry. Others declare
there has been 10 let-up in business. One
prominent firm shows jacketed sales 10
prove their business is as good or better
than last year. Il IS certain that many
of the companies and firms are doing a
good volume OF business. while probably
some. are not
Property Prices HoId Firm.
The prices az which property IS held
have not been changed in a years time
Pieces OF real estate offered for sale n
year ago remain At the same valuations
and those which have been sold twice
within a year, have brought the same or
little better prices Whatever the real
conditions Of the market, the falling of
in business has not affected values, and
no disposition is manifest 10 take lower
prices for holdings IN the hope OF selling
them more quickly.
The recorded transactions at the office
Of the Recorder OF Deeds keeps up well,
and one Of the noticeable features is
that the sale OF property goes on all
over the District, the business section be
ing most bare OF transactions OF any pOr-
ton Of the city
Attention has been called TO the fact
that less property has been sold at aUc-
ton this fan than for any similar period
for a number Of years. This IS spoken
Of rs a healthy sign A well-known broker
in commenting upon the fact said that
fewer persons We're giving up the burden
OF paying Tor property. after buying H..
than formerly.
Buying Power Improves.
In other words. as the broker put IL.
the buying power in real estate IS better
than three or four years ago lie said
persons do not now buy homes until
they have the money 10 buy with or until
they have enough TO make a substantial
beginning and are able 10 take care Of
the trusts afterwards The broker said
he had noted few trustee sales this year.
| The home buyers. he declared, had come
! to a better realization Of what it means
to buy property and pay for it.
The same broker said this might argue
smaller number OF purchasers, but the
facts show Just the opposite Many of
/ the new houses. he said. are sold before
they are completed and the family is
ready to take possession. often before
the walls are we'll dried out. The num-
/ her of home buyers. the broker thinks.
! is increasing, and a greater percentage
/ of them are getting through with paying
| for their homes than once was the case.
/ He thought this argued well for the sta
biHty and general prosperity of the popu-
/ lation.
some sales Of the week.
Moore x Hill yesterday reported the
/ following sales:
| To l. Soleau. for Eliza DOuance. 1851 Harvard
| street Columbia Heights.
| To Il. J. 0Tustc0d fer Charles J. Walker, l9ll
| Irving street Columbia Heights.
| To ". c. Fur, for James d. Burns, l252 d
! street northeast
To H. B. Zimmerman for T. VI Owens. le1 New
| Hampshire avenue.
| To Martin J. Keoggh. for Thomas H PicSford
/ l2j street southeast
I To Ms Z. T. GOnion. for John sherman, a92i
Newark street. Cleveland Park.
| To Lawrence Schwab. T7l2 johnson avenue nor.h
! west
/ To William II. H. Allen. l52 ID street northeast.
| To William McGTEth. Tor George J.. Cartner. .
/ New York a1erue ncltheast.
Frederick May has sold to II. S. Lenr
of New York, the property at Massachu
sets avenue and Dakota street, which
Mr. Lehr viii occupy as his winter hOm,
in Washington. The property has Z
depth Of about loo feet in Dakota street
and a wide frontage in Massachusetts.
avenue. The deal was effected in con
nection with Thomas J. Fisher & Co.
and the price. which is said TO be a iarg,
one. is withheld.
Senator Guggenheim. who rented
through the Office Of Frederick May. IN,
/ handsome home of Mrs c. A. Mum, a
sixteenth street and Massachusetts, ave
nue.. and is said TO be paying the high
est rental of any tenTnt in Washington
took possession Of the property on No
vember y.
Stone & Fairfax have sold for p l.
Herndon the three-story brick house a