The Washington times., 1911-06-03
Total. Investments Reach
Eighteen Millions in
Three Months.
MAY THE BANNER
MONTH THIS YEAR
Transactions Easily Surpass the
! Aggregate of Previous Periods
of the Season.

Real estate activity for the spring
season of 1911, which closed this week,
exceeded both in volume and in the
amount Of money invested, any similar
: season in the history of realty opera
tons in Washington. The total invest
ments in the purchase of and loans on
real estate for the months OF March,
April, and May reached an aggregate of
$lS,100,00o, surprising by more than
100000 the amount similarly invested
during the corresponding period of 1910,
which had held the record for spring
business.
The month Of May easily surpassed
the record of any previous month In
1911. The brokers during the past
month closed S63 transactions in twenty
five working days. making a daily aver
age Of thirty-four sales closed. In
volved in these transactions were LAS
lots and parcels of real estate The
total investments for the month
amounted to $1,000, 600, a figure nearly
s1,6O0,OOO in advance OF the investments
for April.
Records Show Increase.
The number of papers filed with the
Recorder of Deeds also evidences the al
most unprecedented activity Of the past
thirty days. There were filed for record
during May 1856 papers affecting the
title to real estate. This number, ac-
cording to Deputy Recorder button, has
been exceeded by only one month in
he pointed out, 2,47S papers were re-
Ceived for record, an excess of only
twelve instruments over the recorda ton
for May. The number of pupers during
the past month exceeded by los the
number filed in May, 1910, and surpassed
by 139 the total number of papers Of
fered for record in April, 1911.
The Memorial Day holiday had no de-
pressing effect on the brokers this week,
and a review of the weeks business
disclosed that 172 transactions reached
the record stage by the passing of
deeds. Involved in the sales closed in
the five working days were 263 lots.
Big Suburban Demand.
Suburban property continued to be in
demand. In the outlying suburban
tracts the weeks record shows ninety
four parcels of real estate sold. while
in the near-urban district seventy-four
lots were transferred. Within the CITY
limits the northwest led the market
with fifty lots sold, while thirty LOTS
were conveyed in the northeast In the
southeast eleven lots changed owners
anu 4OoI 4OlS "SIS SOlO III Inc SOUTH
west
The million-dollar mark. which seems
TO have been the aim of the brokers in
the loan market each week throughout
the month of May, came near being at
tanned again this week The total loans
for the five days reached 500, 500. c. To
secure the repayment of this sum. 364
lots We're encountered ~ deeds Of trust.
The interest rate increased one point
this week. the average being SIS ,per
cent, the rate for the previous two
weeks having been at "a per cent
The extremely large loans which mark
ed the activity Of the money market
last week were absent this week. The
record shows no single loan in excess
of $4,000 recorded this week, the market
being made up of an increased number
Of smaller loans.
The feature Of the loan market is
the preponderancc of purchase money
trusts which reached a total of S445,-
264.O2 New loans which ordinarily rule
the market dropped to second place with
an aggregate of 1851, 595. The total out
put Of the building associations was
So $50.
Suburban property led also in the
matter of loans AMI was offered as Sc
curity for $452.644.0c. The loans on
northwest real estate aggregated $780,
$500 while a total of STRIPS was Dor
rowed on property in the southwestern
section. In the northeast, loans amount
ed to 81, 200 and a total Of 9,45O was
borrowed on property in the southeast