The Washington herald., 1910-12-18

One Important cause of the steadiness
Of the real estate market in Washington
and of its activity during the entire year
Is the possibility of turning an invest
ment over at profit in a very short
time. II IS now a very common thing
tor investors 10 invest, sell, and reinvest.
inside OF thirty days, and in many cases
less time. The speculative element is
now entering int the business 10 q much
greater extent than formerly
There was long time in the history
OF the business during which investors
IN real estate sought merely a place 70
put their money in safe investment from
which fair rate Of interest could be de-
rived, and so long as this was satigfac-
tory there was no thought Of increasing
the principal except by the slow aecumu-
lation OF interest.
Speculation a Growing Feature.
Gradually these investors have learned
by close observation that there is the
opportunity Of a safe investment thai
opens up speculative field whereby
with close touch on the market it is Dos
sible 10 turn money over at a very salts
flying profit. The field has drawn to il
the conservative investors. who freely
buy for speculative purposes in a direc-
ton In which there is imp0ssfbilitv Of
total loss in any case, and where s. Der
cent or Investments are attended by
gain.
So it has come about that the month
of December sees a market Of surprising
activity during a period Of snow ana
cold that is of unusual severity And
there are no signs that the market viii
not hold On the contrary, real estate
dealers say that the negotiations that
are now pending and the number of pur-
chasers who are already in the market
10 stay are sufficient guarantee for the
future
The Fisher Company Cited.
a good instance of an active week is
indicated by reports of sales closed
through the Office Of Thomas J. Fisher
q Co. Inc one deal involves a corner
store and five dwellings at Sixteenth
and Rosedale streets northeast the
properties in question being 100.
l50-, 1904, 1905. 160S, and 1910 Rosedale
street. The houses contain five rooms
and bath and are of substantial brick
construction. They were sold for Nh.
Crismond, and viii be held by the new
owner as an investment. The price paid
was Sl5,on0. The sale of a northwest
residence by the same company for Mrs.
Andrew B. Graham involves 1907
l street northwest, the price maid
being $500. The purchaser win occupy
the same as a home. Two other sales
in the northeast. consummated within
the past day or two, involve 91s X
street northeast sold to Margaret A.
Atchison. and 9l5 /. street north
east, sold to Harry H. Bicksler The
price paid in each instance was $3.50.
These houses. six-room and bath bricks.
we're recently completed by George S.
Cooper. and are practically the last OF
over fifty. houses of a similar character
involved in the one building operation.
All OF the houses We're sold through the
office OF Fisher & Co. For John N.
Henderson, the Fisher company has
just closed a deal, selling 1l9 r
street northwest to Martin J. Fraas.
for $3.50 This residence, a handsome
six-room and bath dwelling. viii be oc-
cupied by the purchaser as his home.
Seven similar houses have recently been
sold by the Fisher company IN the same
row. Several others are just being COM
pleted.
Suburban Sales.
In the suburban districts the Fisher
company reports continued activity. In
Cleveland Park. the company has sold
three lots for Mrs Susan W. Shattucl
to III. r. Sullivan. for a consideration
not stated. In Chevy Chase. Hubert
l.. Bisselle is about TO take possession
of the home recently purchased by him
n. Fsrf,,, Ter
erty is located in Grafton street ana
was bought for price approximating
$1,000. For Henry J. Harris, the Fisher
company has sold a large lot on the
north side of Bradley lane the purchaser
being Carrie V. Ball They also sold
to Mr. Harris a frontage OF 10 feet in
section No. f.