The Washington times., 1911-04-15
WEEKS ACTIVITY IN
REAL. ESTATE CLOSE
TO A NEW RECORD
Four Sales in Business Sec
ton Average Hundred
Thousand.
NEARLY MILLION
DOLLARS LOANED
Suburban Sales More Than Double
Those in Other Sections of
the District.

neatly Opt{dllOHS VI lIle past week
assumed record-breaking proportions.
and the volume of business. both in the
matter of sales and in the extent of the
loans, has been exceeded by few weeks
in the memory Of the brokers.
The figures in the loan market nearly
reached the million-dollar mark, and
greatly exceeded the total of money
loaned in the first week of April.
Four sales in the business section at
considerations averaging 100000 each,
evidences the quality of the market In
quantity, the result of the efforts of the
brokers for the week showed material
Increase, both over the preceding week
and the corresponding week of 1910.
a total of 359 lots was traded in during
the past six days, an advance of Is per
cent over the business of the second
week of April, 1910, and an increase of
nearly 100 over the total of lots sold in
the first week of this month.
Four Business Sales.
The four business properties for which
deeds were passed this week were prem
ises 1901 F street northwest, occupied by
Rich's shoe store: 1925 Pennsylvania
avenue northwest, the Bradbury build
ing; 1922 New York avenue. the new
home of the Washington Herald. and
14O5 G street northwest, now occupied by
the United States Trust Company, which
will shortly move to the new Southern
building. Mrs. Henrietta NJ. Halliday is
the purchaser of both the Rich store
and the new home of the Herald. Mr..
Calhoun takes over the premises at 1905
G. street.
The sales in the suburban section
more than doubled those reported in
any other portion of the District in the
past six days. The total sales in this
section was 1A. The near-urban dis
trict came second, with Il lots sold.
The northeast and northwest fought II
out for third place, the former winning
by one lot. There were sold 81 lots in
the northeast and Sc in the northwest.
"A total of "a lots changed owners in the
northeastern section of the city, while
seven lots were conveyed in the south
west.
Non-Payment of Taxes.
One of the mysteries of the real es-
kate situation in Washington is the fact
that so many owners of property sub
init to the sales of their holdings by
the District for non-payment of taxes.
This disposition to neglect the prompt
payment of taxes appears to be on the
increase, as shown in the report made
to the Recorder of Deeds this week by
the District Commissioners of the prop
erty sold for failure to pay taxes for
the year ending June 80, 1910.
The report shows that the owners of
6,S64 lots failed to settle the tax bills
and in consequence have had the added
expense Of sale and recording fees as
sessed against them. II took 1863 pages
of typewriting, the sheets being of mas
sive size, to enroll the description of
the property of the delinquent tax and
the names of the purchasers at the
sale. The recording fee amounted TO
$57305
Compared with the report of tax
sales made ir. April 1910, remarkable
Increase in the number of lots sold this
year is noticeable The sales reported
in 1910 were less than 5000 in number
Nearly Million Loaned.
The exact figures in the loan market
this week were 1891. .O24.66, borrowed on
the security of 264 lots at an average
interest rate of sc per cent. The trust
of $325, 900 placed on the Southern build
ing at Fifteenth and H streets north
west by rhe Southern Building Corpora
Iion, aided materially in swelling the
record for the week. This trust is a
third encumbrance on this property,
md makes the total Indebtedness on
the Sltyscraper S1,5JN000.
lis vi
this week was in new loans, which
totaled S761, 1856. The sum of all tire
notes given for deferred payments on
newly acquired real estate was S123, ,056.61,
and the total advance by the building
associations to members was $160.S00
The northwest took the, lead in tie
money market owing to the big loan
on the Southern building. Land in this
section was pledged to secure S647179 of
the total borrowed this week. County
owners came next, demanding $244, 4,0S7.n.
The record OF loans in the other sec
lions is: Southeast. s5S 20; northeast,
E41, SS3 and southwest, $,l6425.