The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-02-13
Realty Negotiations Notable
Because Of Activity in
Flat Properties.
$4,000 PRICE
OF ONE BUILDING
Weeks Transactions and Inquiries
Indicate Brisk Business
This Spring.

Ia some respects the present week in
real estate circles has been an un-
usual one. This IS true especially with
respect to the fact that there has been
more activity ln the apartment house
line than was perhaps ever recorded 10
eEe week before.
Altos ether. five apartment houses
have figured fu deals Of various kinds
tazt have been made or set on foot
since Monday. The first deal occurred
AT the beginning of the week and was
in the nature OF q trade, the Clifton
apartment, located at Fourteenth street
and Thomas circle, being transferred in
2 Sl00,000 transaction. The new owner
eff the Clifton is now making arrange
ments to add four more stories 10 il.
100000 Deal.
Following this deal, il was announced
that the Lauier apartment located on
the north side OF Lanier place and
which Is only in course OF construction,
rad been sold for 10000 Then came
other announcements TO the effect that
property had been bought by separate
parties on Seventeenth street and Con-
uecticut avenue northwest, and on Flor
ida avenue, Just north Of Massachusetts
avenue. upon which IL IS intended to
erect apartment houses within the next
few months
The biggest announcement ia the
apartment house line came at the close
of the week, when il was given out up
on reliable authority that the Nanse-
Tnond. which IS located at Tweuty-sec-
ond and y streets, has been practical
ly sold 20 . Pittsburg party for a con
alteration of $4,000. Details OF the
transaction are now being closed up.
Other Lines Active.
While these deals are indicative OF
the activity OF the week In one line Of
real estate, they by no means indicate
that there was q lack OF activity in
other lines. On the contrary, more
property Of every description has been
sold and exchanged since Monday and
especially during the past three DAYS
than IN any week since the nrSL OF the
year. This IS the testimony of real
estate dealers In general.
one firm since Wednesday has closed
up deals involving a total consideration
OF more than $4,000.
With us It has easily been the most
active week since Christmas said a
member o. the firm today. Not only
have inquiries for property recorded q
big Increase out IT has been easier "a
please prospective buyers and close uI
deals"
1T looks ike everybody is going Il
have unlimited confidence In the new
administration ana tndL LutLD are LtAi
prosperous years ahead of us" SAID
another dealer. at least the trausac
tions Of this week seem TO indicate ir
Apparently money is plentif1l and
people are looking for investments"
Suburban Property,
That there will be a great many
transactions during the year in subur.
ban unimproved property is the genera
opinion. The good weather OF the pas
few days has brought about a greaf
deal OF inquiry IN this direction and
several good sales have been made.
Another evidence Of the fact thai
people are looking for investment DROP
0sittous IS TO IS found ia the iare,
crowds which have been I'm attendance
At ths auction sales New records iE
this respect have been made during the
week Most q the auction sales have
been made IN connection with the set
clement Of estates. but good prices hav,
been brought, and little or no property
has been disposed OF ar q sacrifice.