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

"un the other hand. it should be noted
that The smaller investor in homes is
equally active. and the gratifying sales
this summer and fall of the moderate
priced homes are destined To be greatly aug
mcntrd tins winter y single Illustration in
this line of property will also serve. We
disposed Of an entire block of sixteen
houses n l4th and Quincy streets, averag
ing about S4,GD each. almost before the
plaster on the walls was dry while | know
OF one builder VINO has erected this sum
IneT over lJp houses to meet the demand for
noderAte-priCed houses. and all of which
have been sod. In fact the sale of modrr-
;stc-priced homes in all quarters of the city
this summer and fall has been such as TO
cause the liveliest qualification. both from
the sellers and the buyers standpoints
and II is Indicative Of the city's rapid
growth and wide expansion.
Another point out Of the ordinary line
IL the many purchases which have been
mad ny ofticers OF the army and navy this
year. and many inquiries made for
homes by this class of purchasers who
though subject to the cali OF their duties
nevertheless select the capital as their per-
mancnt residence While the members Of
the civil branch of the government are
steady buyers. / think there has never
been time when government clerks have
Invested 50 largely In homes as now. and
Inquiries from this class of purchasers have
greatly increased lately.
AS for renting. late corners will have to
take what is left. for the season began al
least one month earlier this year and the
demand for residences at all grades of
rental has been very heavy our firm having
rented over 135 houses in the first fifteen
oayS Of September. with daily Increasing
number or inquiries. The same holds true
as t. apartment houses and flats Intend
ing tenants are willing To paw good rrices
Tor suitable apartments. and taken all in
all, the outlook for the ensuing winter is
very bright and encouraging"
Greatly Above Average Years.
The indications for a very heavy year
N real estate could not be better" said
William \. Hill president of the Moore &
Hill Real Estate Company.
We nave Increased our sales and rent
FORCES and sun We are buster than ever be-
Tor" at this season Of the wear 4 good
ran bus ness IS already assured while our
winter trade, judging from present as
poets. Will he far beyond the average An
IhStu"nS Tor property from prospective
buyers exceed by ~ per cent our daily
average. every class OF buyers being we'll
represented Among these are not an in
considerable number from ont Of the citv
who realize the stability nf Washington's
Tyalty owing TO the City's indeuardenca
from any unfavorable industrial and conn
Iocrcia' conditions that may at any time
OBTAIN throughout the country
AS an Indication Of faith in the soridity
or future values Of the capital among our
sues last week was one of good proper
llp'lS u q gentleman about to leave the
country for stay OF several years This
Investor after much investigation as to
values in other cities. chose Washington
realty as the safest commodity in which TO
invest his funds. This is not an unusual
case. but may be taken as typical Of the
attitude Of many men of means toward
washington real estate as u good sound
and permanent investment.
our rent department reports larger
number ~ houses and apartments rented
since the 10Th of August than during any
like period In the history of the office One
apartment house to be finished the first Of
the ensuing month IS already entirely
rented, the greater number of apartments
having been taken weeks ago and il would
be safe to say that we could have rented
the building twice over. No more salts
factory condition ms TO this class of prop
erty In the capital could be desired and
this IA further evidenced by THE. fact that
our calls for rental property have aver
aged l00 per cent greater than this time
last year"
Demand for Downtown Houses.
zone feature OF the real estate market
this fan" said II. Glenn Phelps of Boss G.
Phelps. is tne very heavy demand for
residences in tho downtown and central
portions Of the city at rentals ranging from