The Washington times., 1911-03-25
REAL ESTATE MEN
HAVE A BUSY WEEK.
Big Increase Over Number
of Transactions
Year Ago.

Spring trading in real estate has be-
gun in earnest, and the optimistic prog
nostiCation contained in this column
few weeks ago-that the volume of bust
ness this spring would exceed the rec
ord-breaking activity of the spring sea-
son of 19l0-bids fair to be realized. The
result of the efforts OF the brokers dur
ing the last week shows an increase
over the business of the corresponding
six days In 1910.
A comparison of the number Of papers
filed in the office of the recorder of
deeds discloses an advance of nearly 10
per cent in the number filed this week
over the number offered for record dur
ing the week ended March &c, 1910.
With a daily average of twenty-five
transactions closed this week, the
amount of business done was on a par
with the quantity of operations of the
previous week. The number of lots
traded in, however, this week does not
reach the number noted in last weeks
report. The reason for this apparent
falling off may be found in the fact that
included in this weeks COnveyances
We're several portions of unsubdivided
tracts which are counted as only sep
arate parcels, while exceeding in area
large number of lots in a subdivision,
NllNn ldAltl NOulu Dt given NINull IOI
as many lots as the deed of conveyance
indicated
Suburban Realty Active.
AS betts spring trading, the bulk of
the business this week was in the sub
urban subdivisions and outlying county
tracts. Three hundred and thirty-nine
lots and parcels were transferred in this
section during the past six days out of
a total of 4S9 lots conveyed.
The northwest section Crept up the
ladder this week in the record of sales.
and forced the neaT-urban district out
of second place. In the northwest there
were tifty-twO lots sold, and fOrtY-three
conveyed in the near-urban district. The
southeast has fourth position this week
by a margin of two over the northeast
in the former section tWenty-three lots
changed owners, while twcnty-one lots
were sold In the latter.
An increase is noted in the southwest
ern section OF the city, where eleven lots
were transferred. In this section more
lots were sold during the last six days
than have been sold in this locality in
the previous five weeks combined.
The alf-mllion-dOllar mark was
again passed this week in the loan mar
ket, where the total reached $5l3, SO.
For the repayment of this sum borrow
crs pledged 4S1 lots and parcels of real
estate. The average interest rate this
week rose one point over the prevailing
rate of last week, reaching Sc per cent.
Building Associations Loan.
The feature of the week was the ex-
tent of the loans made by building as
sociations, which advanced to total OF
S1O6, $50, a sum in excess of each of the
weekly operations of these concerns
since last November. The bulk of the
market, however, was made up of new
loans, with a total of 1921. 409.O6. The
sum of the deferred purchase money
notes given this week was $116 239.47.
OF course, county owners borrowed
the bulk of the money put out this week.
The sum demanded on the security Df
county property was S264, ,061.03. The
northwest ranked second also in the
money mart, with an aggregate of $17S,
81 80 The northeast and southeast also
ran a race in their demands for money,
the southeast again nosing out its COM
Detitor with a total of $3.50 or COM
pared with SO, 800. In the southwest the
loans totaled $1,000.