Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-15
REAL ESTATE GOSSIP
Recent Local Transactions
and Market Conditions.
SHOWING THAT is UNUSUAL
Activity Continues Notwithstanding
It's Midsummer.
MENTION OF CURRENT VALUES
Demand for Property. Both Large
and Small, and the Under
lying Reasons.
RECENT LARGE SALES.

In spite Of the fact that the summer
season with its proverbial dizziness is on,
there is a good deal Of business being
done in the realty market. This Is not
confined to small transactions. The
volume of the latter class of business may
be said to be large for this time of the
year, but in addition, there appears to be
the willingness of those who have money
to make investments of large size. Such
phase is the one that attracts the atten-
ton Of observers Of the market as some
thing rather out of the ordinary. 1t is not
the experience that such deals are started
or brought to close during the dog days.
Important in Character.
surprising number of such transac-
tons have been placed on record during
the past Jew weeks. and the tabulation at
the head of this column shows they have
neither been few in number nor unimpor-
tan. in character. In some cases deals
have been mentioned which were con-
cluded somewhat earlier in the year than
the opening of the summer season, but
they belong to the current flow of busi-
ness and show the tendency of the market
which has been emphasized even during
the reign of the hot weather.
The list is by no means complete, but II
market and what has been the prevailing
tone and 1t can readily be completed by
those who arc familiar with what mas
been done. 1t will be observed that the
IN the business section of the city, and
that forms another contribution to the
knowledge of those who are posted III
such matters OF the development that is
cc.n,, on in the sections of the city where
commercial establishments are located.
As to the Conditions.
II Is evident that when buying goes on
10 the extent and OF the character shown
10 he the case in this city the past few
months the conditions must be unusual.
II no doubt could very reasonably be ar
Sued that there is no likelihood of such
movement. owing to the fact that this
city, as we'll as the country at large. has
only lately emerged from a financia.
panic. and naturally at SUCH time there
is apt to be a period OF waiting before
men acquire sufficient confidence to re-
sumo business operations on any extended
scale
mer coming on must be taken into ac-
count when il is commonly supposed that
nearly everybody goes out of the city
and there Is no one here to do business
with, and less inclination to do 1t. All
this is familiar. because 1t is more or
less the characteristic Of every summer.
But. in addition to the customary dull
ness of this time of the year, there must
also be taken into consideration the finan-
cial and business conditions. 1t will be
recognized that both influences are rather
unfavorabIe than favorable to any pro-
nounced activity in the realty market.
Tide of Business.
However, the tide of business has risen
10 very respectable and, I'm some points
OF view. remarkable proportions. in spite
of these apparently adverse circum-
stances. There Is one conclusion which
is obvious, and that is the substantial
character OF Washington realty and the
appeal which its present and future make
TO th.. judgmen of men who have money
TO invest and who are looking about for
safe and profitable opportunities. In both
of these aspects the realty market is rec
ognized as having exceptional claims.
This is due to the Steadiness OF the
market and to the gradual appreciation
OF values. The growth OF the population
of the city is, OF course. the underlying
condition and that is manifest not alone
In the extension of the business area OF
the city but in the wonderful enlarge
ment of the residence section. The one
is the accompaniment Of the other. II
is estimated on the basis Of the police
census of the city that instead Of an
average yearly increase i'll the population
of about 5000 which the United States
census OF the past two decades shows