The Washington times., 1911-01-07
SLUMP IN REALTY
AS YEAR OPENS
Business Drops Is Per
Cent From That
of 1910.
AGGREGATE OF 800
LOTS TRANSFERRED
Deal in Subdivision Helps to
Swell Total for
Week.

The new year did not begin SO
auspiciously for local realty operators
as did its predecessor 1910. A compari-
son of the record of sales for the week
with the initial week of 1910 shows a
decline of 25 per cent. There were
ninety-three transactions closed by the
brokers this week. which involved the
transfer of a total of 800 lots.
Many causes initiated against activity
among the realty brokers, and the holi-
day of last Monday reducing the work
ing days to five, was not the smallest
of these record-deterring influences.
Added to this shortening of the time in
which to close sales was the miserable
weather of the two days following,
which as far as results were concerned,
might almost as well have been holidays
for the brokers.
With TIE clearing of the weather the
hustling to make up lost ground was
apparent in the way business Increased
in the office of the Recorder of Deeds.
only eleven transactions were closed
Tuesday, and twenty-one on Wednes-
day. The last three days ran the total
up to nearly 100 transfers.
Subdivision Deal Helps.
A single transfer in the outlying
county subdivisions which involved a
series of lots amounting to 172 brought
the total of sales in that section 10 202,
while the near-urban district furnished
twenty-eight lots. Within the city
proper thirty-five lots were sold in the
northwest, thirty-two in the northeast,
and fifteen in the southeast. Again this
southwest.
The principal sale of the week in the
business section was closed yesterday,
when Randolph T. Warwick became the
owner of premises 1105 Z street north
west. The Oppenheimer Bros. sold the
property, but the purchase price does
not appear in the deed.
Moses Goldenberg this week Increased
his holdings at the southeast corner of
Seventh and l streets by acquiring a
part of lot 13, adjoining on Seventh
street the three houses he recently
bought on the corner. Thomas w. Hay
sold the property to George w. u.
Black, who transferred it to Mr.. Golden
berg.
third sale in the business secti7n
involved premises rs Eleventh street
northwest, near the Palais Royal. Rob-
ert Callahan, jr., is the purchaser of
the property. but the price paid has not
been announced.
Cardinal Buys Lots.
James Cardinal Gibbons acquired dur
ing the week three lots in Brookland.
No announcement is made as to the
use to which the property will be put.
A slight increase is noticeable in the
loan market this week over the last
week of 1910 The total for this week
amounts to 1888, .l3, secured on 80
lots at an average interest rate of 81
per cent. The interest rate advanced
one-tenth of per cent and reached the
highest point attained in several
months.
New loans constitute the bulk of the
business with a total of $215. SO. De-
ferred purchase money notes aggre-
gated S99, 797. "a. while the output of the
building associations was $4,000.
County loans, attained supremacy this
week with a total of $179946.47. The
northwest ranked next with S125, ,0S1. .66,
while the record of loans in the other
sections shows southeast $4,000: north
east S22, 600, and southwest. $4,000.