The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1911-04-23
SPRING ACTIVITY
iNREALTY MARKET
Better and Broader Business
in All Sections.
MORE RECORDS ARE BROKEN
Building on the Increase and
Brokers Hopeful of Busy Season.
Late Spring Holding Back Bust
ness-Office of Building Inspector
Reports Thirty Permits.

A steady increase in the activity Of the
real estate market characterized the
week just ended. Two new records were
made in the number Of sales. On Friday
the high water mark of the year 1911 was
reached in the transaction for a single
day. There were forty-six sales recorded
that day. an increase OF five over the
previous high record made March 81. The
record for the week also surpassed that
OF any similar six day period for this
year. The activity of the realty market
IS by no means abnormal The brokers
are not complaining, however. and the
opinion is expressed among the veterans
Of the business in Washington that the
late spring has had much to do with
holding back business. They promise
something approaching a boom when the
lingering winter packs his trunk and
leaves for his much needed vacation in
the neighborhood of the North Pole.
That building Is increasing was re-
flected in the returns from the office Of
the building inspector. where a total OF
thirty permits for new construction were
recorded. This was an increase OF ten
over last weeks report. The most numer-
Gus class of buildings provided for in the
permits were the modern small dwellings
OF the two-stSy six and seven room
type. There was also marked increase in
the number of permits for the construc-
ton OF modern frame dwellings in the
nearby suburban territory.
transactions Number 1S2.
The total closed transactions for the
week numbered 1s2. This is a 10 per
cent advance over the number OF trades
effected for the corresponding week of
last year. The cash consideration for
the 1S2 transactions was considerable less
than that for the previous week. This is
readily accounted for when the unusual
number of big figure transfers Of that
week is considered The banner trans
action Of the week was the sale Of a
big block Of unimproved property at
$4,000 It is believed that this is the
largest cash price ever paid for a piece
of unimproved property in the District
of Columbia The purchaser in this deal
was the District Of Columbia govern
ment and the block transferred is that
bounded by Eleventh and Thirteenth
streets, Florida avenue and Clifton
street, the site of the new building of
the Central High School
Suburban lots to the number Of 400
were sold last week. The tracts lying
closer to the Maryland boundaries fur
nished 219 OF these transactions, while
the tracts contiguous to the city fur
nished but seventy-seven. Within the
city the sales of lots were parceled as
follows: Northwest, fffty-one: north
east, thirty-six; southeast, seventeen,
and southwest, three.
Loans in Form of Renewals
Loans for the week totaled $500, TALL
A majority OF the loans effected were
in the form Of renewals Of older obi
cations. The total number of lots
which figured as security in the loan
market were 6S3, an approximate aver
age is therefore obtained OF 5000 in
loan for each lot placed as security.
The outlying section Of the District,
which leads in the number Of real es-
tate sales, likewise led in the number
of loans. The total borrowed on SUBJ
urban property was s373, 595.a
Owners of real estate in the north
west rank second as borrowers, asking
s226, 502. IS. The record Of loans in the
other city sections was: Northeast. s63,-
3s05s: southeast, s2O,4S5, and southwest,
SC, 500