The Washington times., 1911-08-26
REALTY ACTIVITY
GREATER DURING
PAST SIX DAYS
Market Not Featured by
Big Sales, How
ever.

A slightly improved market Is shown
by a review OF the realty operations Of
the past six days, as compared with
the number of transactions closed In
the third week of August, when the
sales of local real estate reached the
lowest level recorded in 1911. daily
iRrease OF three closed sales was made
by the brokers this week, bringing the
total Of consummated sales up to IA.
The contrasts noted In the business
Of the third week of August were strik-
ingly absent from this weeks operation.
Mediocrity pervaded the real estate
business in the past six days. There
were no important sales in the business
section closed. nor were there sales
involving large considerations. The en-
tire weeks business seemed to cling to
one level. An average days business
from the weeks total of 1A closed sales
was twenty-four, The record by days
shows how closely this average was
maintained. On only two days was It
exceeded, and then only by four sales
and one sale, respectively. Three days
business fell below the average, but
never farther than two transactions
Monday saw % sales closed; Tuesday.
q; Wednesday, "A; Thursday, Is; FRI
day, 25, and Saturday, p.
Striking Feature.
The most striking feature of the re-
view of the business for the week Is
the increased number Of sales in south
east Washington, which from its usual
position of fourth or fifth place IN the
record of the sections IN activity, bounds
this week into, second position. The
principal transactions In this section
were in the vicinity of Lincoln Park,
where just across East Capitol street
into the northeast. was made the sale
of two lots. These have a frontage of
l3O feet on East Capitol street. This
latter purchase was made by Walter 2.
Collins, who has built a number of
houses near Lincoln Park. The consid-
Grafton for this sale was $500.
Chief among the sales in the south
east this week was the pul chase by W.
Wallace ChisweI and Harry A. Kite
of thirty lots on Walter street which
runs through the square bounded b.
Twelfth and Thirteenth. B and c streets
southeast. The papers were recorded
this week by which the District of Co.
lumbia took title to seven lots in square
1913, between E and G streets, Thir-
teenth ard Fourteenth streets south
east. This is the site purchased fo.'
ton proceeding is now pending in the
courts.
The total number of sales involved in
the transa ctions of this week was 2Ji.
OF this number the near-urban district
furnished the most with a total of sixty
nine lots sold. Next came the south
east with fifty-six lots to It's credit. The
outlying suburban sections were in third
position, having a record of ffty-four
lots conveyed. There were transferred
forty-five lots in the northwest. twenty
west.
Money Market.
A deficit in excess of 100000 is noted
In a comparison Of the money market
this week with the figures OF the third
week of August, which had been ex-
ceeded only once in 1911. The figure,
for this week reached only SS54, ,1i2.3S
borrowed on the security of 191 lots a
an average interest rate of 5.S per cent.
Straight loans did not have the lions
share of the business this week as
usual. Purchase money loans were
crowding for first place. The record
shows straight loans S15l.73O, and the
sum of all the notes given for deferred
put of the building associations wa
s66,550
County borrowers made the heaviest
demands on the market, where loans
on such security aggregated S19I, ,602.2 2s.
The northwest property was the next
heaviest mortgaged to the extent of
go. The loans on property in the
northeast amounted to $50, 43O; south
east, $3.50, and southwest. s19.i5O.