The Washington times., 1911-09-09
REALTY DEALS FOR
WEEK SHOW SIGNS
OF RAPID REACTION
Recovery From Slump of
Last Month Indicated
in Sales.
THORN BUILDING THE
PRINCIPAL TRANSFER
Half Million Said to Have Been
Paid for F Street
Plat.

Indications point to an early recovery
from the slump which has character
tied the real estate market during the
past three weeks. The brokers report
inquiries for homes and investment
properties to be increasing daily. The
great demand for desirable business To-
cations continues to exceed the supply
and that investors are prepared to put
large sums Of money into properties Of
this character is evidenced by the re-
ported sale Of the Thorn property at
Thirteenth and F streets for a sum
approaching a half million dollars.
Results from this awakening activ-
ity are not likely to be felt in the mark
ct, as viewed from the standpoint OF
closed sales, until later in the month.
September, although by the calendar
the first fall month, generally shows
only the result of the activity Of the
brokers during August The beginning
of the real fall business ordinarily does
not reach the offices of the Recorder
Of Deeds until October.
gain of 10 per cent is shown in a
comparison Of the number of papers
filed this week with the record for the
first week in September 1910. II this in
crease be maintained as the fall season
advances the brokers expect to Guido
the extraordinary business Of the au-
tumn Of 1870
While this advance is evidenced in the
record over the corresponding period of
last year. the number of closed sales
this week has only kept pace with the
low standard established during the
closing days of August.
Week One Day Short.
The total number of transactions Is
reduced by the Labor Day holiday,
which left only five working days in
the week. Even allowing for this the
brokers did not succeed in surprising
the daily average of the preceding
weeks.
A total of l02 transactions were closed
in the abbreviated~%eek, involving the
continued to hold the first place in the
number of lots conveyed Seventy par
GELS of land in this section changed
owners this week. The near-urban dis
trict ranked second with forty-four lots
sold.
Within the city proper the northwest
is in the van with thirty-one lots trans
ferred, followed by the southeast with
conveyed in the northeast and four in
the southwest.
One of the principal safes of the week
involved the Ilkley apartment house, on
between Thirteenth and Fourteenth
streets. The property was purchased
by Henry Roberts, a Virginia investor,
from Orrin T. Martin. The considera-
ton for the sale Is not mentioned, but
the transfer was subject to a trust for
$4,000
Money Market Affected.
The short week was felt mostly in
the money market, where the figures
dropped to s222,sss.77. This daily aver
age of little more than $4,000, was bor-
rowed on the security OF 100 lots at an
average interest rate OF Sc per cent.
Straight loans returned this week to
first position, whence they were dis
placed last week by the purchase
money notes. The total Of straight
loans was $94,71426. The sum of all
the notes given for deferred purchase
money this week was $50, 729.51. The
output of the building associations was
not far behind, showing an aggregate
of $6l,950.
Nearly half the money borrowed this
week was on the security of county
property. Owners OF land outside the
city limits asked of the market a total
of $109, 1877. Second place was taken
by property in the northwest where
loans reached an aggregate of 81, $50.
Loans in the southeast amounted to
e19, so; in the northeast to S10,095, and
IN the southeast, $500.