The Washington times., 1911-10-07
Weeks Business Shows In
crease of 20 Per Cent
Over Last Year.
ONE HUNDRED AND
EIGHTY TRANSFERS
Loan Market Shows No Gain Over
Preceding Six-Day
Period.

Fall trading in real estate began
with a rush, and as a result of the
activity Of the brokers during the first
week in October-the real BEGINNING of
fall business-a- total Of $50 transac-
lions was completed. This sustained
average Of thirty sales a day evidences
the fact that investors and homeseek-
ers alike look with favor on local real
estate and are not to be disconnected
by untoward rumors of change Of con-
ditions or increased taxation.
The weeks business shows an in
crease OF 20 per cent over the number
Of sales effected in the corresponding
week of 1910, which in turn exceeded
by 10 per cent the business Of the first
week of October, 1910 The inquiries
for homes and Investments, the brokers
say, are increasing daily, and IL the
same success continues to reward the
salesmen's efforts, October, 1911, will
easily outdistance any Of its predeces
sors in the history of real estate ac-
tivity in Washington.
Records Broken.
The volume of business passing
through the office of the Recorder Of
Deeds-one Of the best means of tudg-
ing realty activity-for the first quar-
last week, is unprecedented in the his
tory of the recorders office for that
period Of the year. The figures for the
broke all previous records of the Of
fee, and according to a statement made
by Deputy Recorder Dutton today, the
past quarter exceeded its predecessor
by 800 papers fled.
The increase by months shows gain
of IS papers in July and 107 each In the
months Of August and September. A
total OF 5,I32 papers were recorded in
these same months last year, while the
total for the past quarter year is 6,041.
The business Of the office for the first
week of October shows even greater
advance. In the past six days a total
Of 5g papers were recorded as COM
pared with 47s in the first six days of
October. 1910.
Includad IN the $50 transactions con-
summated this week were 253 lots and
parcels of real estate. Outlying sub
urban property continued in the great
est demand, a total of eighty-five par
GELS changing owners in this section.
The northwestern section won its way
into second place with siXty-two lot
beating the near-urban dis
trict bv only one sale.
A total of twenty-niue lots were
in the northeast, twelve in
the southeast, and four In the south
west.
Loans Fail To Gain.
The loan market this week shows no
over the business of the
preceding six days. The total advances
made on the security of the 21s lots en-
numbered this week was 1922. .142.62.
There was a desirable fall of one point
in the interest rate this week, the pre-
vailing figure being 81 per cent.
Straight loans again led the market
with a total of $317, 80. The sum of
all the notes given for deferred purchase
money was 66,t12.20, while the output
Of the building associations reached
IS. .450.
County property was pledged for thu
largest amount this week. The total
loans on real estate outside the old
limits of the city was s264,706S4. On
northwest property was advanced q
.otal of $170 20. The aggregate of loans
IN the other city sections was: South
east, s4S,70o: northeast, $31,615.7S, and.
5000.