Evening star., 1909-09-11
SEASON OF ACTIVITY AT
HAND IN REALTY MARKET
of Other Recent Years--Reports of
Sales by Brokers.

Now that the vacation season practi-
cally is ended. the period of greatest ac-
tivity in the local real estate market Is
at hand All through the summer the
demand for all classes of property has
been far in advance of any like period
in other years, and more investment sales
have been consummated and more leases
for dwellings and for apartments have
been executed than in any July-August
season in recent municipal history. A
variety of reasons have been given for
this era of activity. the most plausible
being that the Capital city is sharing
largely in the wave of prosperity which
is sweeping the country, and that the
population of Washington is increasing
at particularly rapid rate. But. ire
spective of conditions which have OBJ
tanned in the summer, the real estate
brokers are now fairly launched In the
autumn campaign. and the dominant note
in the field is one OF optimism.
There have been evidences of the open
ing of the fall market in the transac-
tions for several weeks past Many
apartment houses, both large and small,
have figured in the transfers, and as
these are purchased solely for invest
ment purposes it is evident the market is
not relying upon homeseekers alone. The
mere fact that investors are in search OF
property in the city lends one of the
greatest features of strength to the mar
ket, and when their demands are added
to those of the seekers after homes, the
brokers are sure to have many days
filled with business. Investment building
this year has been more profitable than
ever before, and not a few blocks OF
houses have been sold to the small army
of families who are growing out OF the
hrt-y 1d
equally large army Of house owners.
All OF the suburbs of Washington are
growing. and If preliminary indications
count for aught. the autumn bulidlng
season will be fully as busy as were the
spring months.
N. Y. Brokers Review Business.
According to statement made yester-
day by w. c. Prather and N. z. Ryon of
the New York Business and Real Estate
Brokers' the firm sold a total of thirty
four properties during August. The list
included the following transactions:
For II. w. Van Sanden, eleven new
six-room brick houses located at Georgia
avenue and Morton street northwest to
John Loughran. The consideration was
$4,000. and Mr.. Van Sanden took Mr.
Loughran's lot on Columbia road, near
18th street northwest. at valuation Of
$4,000. in part payment.
For Harry w Nardman, the newly COM
pleted Maxwell apartment house. 141q
Clifton street northwest. The house con-
tains eighteen apartments. all of which
are leased, and the building produces a
gross annual revenue of 81, 800. Ihe Max
well has frontage of seventy-two feet on
Clifton street and a depth of 100 feet.
Eighty thousand dollars was paid for the
property and the purchasers. Mr.. and
Mrs. Charles F. kefauver, will hold it
as an investment Both of the above sales
were made in connection with the James
j. hampton Company.
For Richard S. Wolfe, four two-story
brick houses. 733 to 739 Navy place south
east: five two-story brick houses, 1923 to
1896 I'd street southeast; two lots in Ana
costa and three fots in the White Haven
subdivision. local merchant was the
purchaser and he paid $4,000 for the
four blocks of property.
For Clarence ID. Kefauver. 1.100 acres
Of valuable farm and timber land about
six miles from Durham, N. C. A local