The Washington times., 1911-04-22
Total of Transactions Is
Highest So Far This
Year.
ACTIVITY IN
SUBURBAN LOTS
This Phase Of Market Develops
Notable Number of Transfers.
Loans Fall Off.

Two new records i'll real estate ac-
tivity were stablished this week. The
number of transactions in the way of
sales of realty in any one day was
surpassed, and the total number of
operations closed in the past six days
exceeded the results of the efforts OF
the brokers in any previous week this
year.
Forty-six separate sales reached the
transfer stage yesterday, and April u
hung up a figure five numbers in ad-
vance of the record attained March 81
last, the banner day of 1911 up to that
time. Even in the number of lots
involved, yesterday surpassed the for
mer banner day, having seventy lots
conveyed as compared with sixty-eight
on March 81.
Weeks Record for the Year.
The weeks record of transactions
closed shows a total of lS2, an advance
of six sales over the record reached
in the week containing March 81. which
heretofore held the high mark for the
year. The work of the brokers for the
past six days evidences a material in
crease over either of the two preceding
weeks in April, and presents the un
usual condition of the third week in a
month exceeding the activity of the
first two weeks. AS compared with
the corresponding week in 1910, an ad
vance of 10 per cent Is shown.
While not record-breaking, the quail
fly of business this week does not sur-
fer in comparison with its predeces-
true, the four 100000 deals which
marked the operation of last week,
but on Tuesday there was recorded q
sale involving cash transaction of
Il Oh, L L.. IL
purchase price on such terms for un-
improved property ever paid in the
District The sale referred to involved
the entire square between Eleventh aud
Clifton street. and was acquired by
the District of Columbia as a site for
a new Central High School.
The District record for a cash pur-
chase of improved property is held by
l Christian Heurich, who drew his check
for S76.ooC in payment for the property
al the northeast corner of Pennsylvania
avenue and Fourteenth street last June
Sale of Suburban Lots.
The total number of lots involved in
the numerous transactions of the week
is 4o3. or this number. the outlying
suburban tracts furnished more than
half, the exact number being 219. In the
near-urban district there were conveyed
seventy-seven lots. Within the city
proper, the northwest easily led with a
total Of flfty-one lots transferred. There
were sold thirty-six lots in the north
east, seventeen in the southeast, and
three In the southwest.
The loan market failed to keep pace
with the operations in the sales depart
ment this week, and, as consequence,
the figures do not quite reach the $50, 900
mark, and the weeks record is some
what removed from the million dollar
business Of the previous six days. An
Improvement in the interest rate is no
ticeable this week. the average rate
falling one point to 511 per cent. The
number OF per cent loans were greatly
decreased this week. and quite a few
trusts recorded carried the average
rate Of 514 per cent.
The Loan Market Figures.
The exact figures in the loan market
this week were sS9O,744.11, borrowed on
the security of GS3 lots. More than half
the money was borrowed to pay of old
encumbrances or to improve vacant prop
erty. the figures for this sort of loans
being $4S1, ,712.T. The sum Of all the de-
ferred purchase money notes given this
week was T26,5 Il. The building asso-
ciations advanced $S2,500.
AS the county section led In the num- |
Der of sales, so owners of county prop
cdty made the heaviest demands in the |
money market. The total borrowed on |
1913. 1851. Owners of real estate in the |
northwest rank second as borrowers, |
asking S226, ,502.75. The record of loans |
I'm the other city sections was north |
east 63.SS055: southeast, $2O,465, and |
southwest, $500