The Washington times., 1910-06-25
REALTY MARKETS
TONE HEALTHIER
Week Marked by Important
Transfers of Downtown
Property.
DEALS INCREASE
AS MERCURY CLIMBS
Big Sums Involved in Sales of
Business Buildings-Ela-
ton in Offices.

II the figures ~ all the transactions
were Obtainable. this week. Doubtless
would be shown to have been the biz
gest Of the year in the real estate mar
ket
After a season of rain, Old Soils ray.
beat down upon a market OF busy sell
ers and buyers such as Washington
has seldom seen, and the higher the
mercury cliE bed, apparently. the bust
er they got With six hustling days put
in, the record reveals something like
this:
Several big sales of downtown prop
erty made.
Increased activity in suburban home
buying.
ElatOn in the real estate Offices.
The market generally admitted TO
have a healthier tone
OF these results of the weeks prog
ress, the first two already have yield
ed their benefits in tangible form. The
other two form a combination, which
not only boosts the present, but holds
out much for The future
Important Transfers.
In short. the summer market is said
TO be under the most suspicious cir
cumstances.
Interest centers principally in the bust
ness properties sold on account Of the
large considerations involved. Among
Shese transactions were the transfers
OF part interest IN the Cosmos Thea
ter, 921 Pennsylvania avenue, for a
consideration slightly over 10000, and
the property at the northwest corner
of Thirteenth and G. streets, for approx
tmately SIS. 600
This latter sale has attracted more
m do ~,
for years, for the reason that Il is said
TO have been based upon the highest
price ever paid per foot for property
In the District. The price was $50 per
foot
This is but another and a more strik-
ing indication of the truth of their
claims, assert real estate men, that no
city in the United States is experiencing
a more rapid growth in property values;
~ offers better opportunities for invest
ment than Washington
Another Big Sale.
Another big sale. announced during
the week, was that of a large lot at
Sixteenth and streets northwest.
which is TO be improved by the erection
Of I.OO0OO temple oy the Scottish
Rite MasOns. The consideration in this
transaction is understood to have been
$4,000.
Coincident with the announcement
" DC a statement LudL a lot previously
bought BY the ALasOns. which IS located
on Sixteenth street, between J. and NJ
and was found to be too small for the
proposed editce, probably win be sold
which Is DESTROYS Of building upon If
With respect TO the pickup in bust
. ness IN suburban homes. virtually every
real estate Office in the city shared in IL
several firms report having sold a home
q day during the week with q number
OF MONIES on certain days. which would
make the average higher. INQUIRIES
Tor property Of this, class recorded a de-
Slded increase, and statesmen were kept
busy showing prospective buyers the
offerings Of the suburban sections.
Weather an Influence.
You would hardly believe me if I
told you the amount Of business done
by this firm this week" said repre-
sentative OF one Of the big real estate
offices. The sales OF all kinds of prop
erty-business. suburban. improved and
unimprcved-which we have made since
Monday carry a total consideration of
between S3SO.O00 and 500,
Another dealer said.
If We can have a Few more weeks
Ike this one. we will make this summer
reCord-breaker for business I don't
know whether II is the weather entirely
or not but the fact remains that the
NHolAltoo Edlllt IN LlllS week. he mar
keJ was never in a healthier condition
10 receive It"
Return Of fair weather also gave
promise Of stimulating building opera
tons. The Southern Building Corpora
ton took out a permit for the erection
of its nine-stOry office structure at the
northeast corner OF Fifteenth and II
streets no Invest
Cost Estimated at Million.
According to the permit issued by the
holding Inspector, the estimated cost OF
this building Is Sl.0O0,C0O
The Washington Hotel Company filed
with the recorder the necessary papers
to show an increase in it's capitaliza-
ton to $4,000. 1t is understood that this
company now has everything in readi-
ness to break g Jund for the hotel which
It will construc5 On North Capitol street
fronting Union Station plaza.
A number Of Svod-sized permits were
issued during the week from the build
ing inspector s office. Altogether, every
branch OF the real estate market, from
the activity OF the humblest buyer e
the supervision by officials OF plans filed
and papers recorded. contributed to tbs
weeks Increased activity.
Real estate operators say all hSS
need is fair weather TO have a continu-
alton OF this activity.