The Washington times., 1911-09-30
MILLIONS INVESTED
IN DISTRICT REALTY
DURING SEPTEMBER
Nearly Six Hundred Trans
actions Made in Past
Month.
SUBURBAN PROPERTY
IN GREAT DEMAND
Money Loaned During Present
Week Reaches Big
Total.

September investments m the purchase
of real estate and loans on local realty
reached $500 900. A total of 572 tranSac-
tons were effected as the result of the
operations of the brokers during the
month, in which was involved the trans
fer of 1,400 lots and parcels of real es-
tate.
In the number of transactions, the past
month shows a decided Improvement
over the business of september, 1919
In the investment total, however, the
current month shows a falling off OF
100000 from the figures of last Sep
tember. This is explainable in larger
measure by the fact that during the
last week i'll September, 1910. was re-
corded the lean of 100000 on the Raj
ieigh Hotel, and no such transaction has
figured in the loan business Of the past
month. September, 1910, also saw the
closing of the sale Of the Bristol School
property, at Twentieth street and Wood
ley road, for a consideration Of $250,OOO
and no sale of such proportion has been
effected this month.
Business Increase.
A healthy increase in business is
noted in a comparison of the past week
with its predecessors of this month.
The number of lots sold n the fourth
week of September exceeds by sixteen
the total of all the parcels of real
estate transferred in the three previous
weeks of the month. There were con-
veyed !, 400 lots during the month. and
OF this number the title 10 T0S changed
during the last six days.
In the transfer of the Blue Ridge
Heights property, near Chevy Chase Cir
Gle, to q New Jersey syndicate, was
Included Al lots. These lots contain en-
area slightly in excess of ffty-six acres
and form the largest sale OF SUBURBAN
property in the District for severaI
months The consideration IL the oehI
is said to have been 100000.
Suburban Sales.
This transaction brought the number
OF lots sold in the suburban section to
Big, more than two-thirds OF the weeks
business The near-.Irban district is in
second place, with an aggregate OF So
lots conveyed. The northwest is found
in the van of the city sections, with !!
lots transferred. There were 81 lots sold
in the northeast, 10 in the southeast,
and three in the southwest.
An increase Of IA transactions are re-
ported this week, as compared with
the number of sales made by the
brokers in the preceding six days.
total of 163 transactions were effected,
heiPg the highest number closed in any
week OF the month.
The hall mllIlon marx was eXCceQCC
again this week in the money market
The loans reached I total Of SH26,5SS. ~,
borrowed on the security of 2l7 lots at
en- average interest rate of SO per cent
Output Of Money.
County property wds the most heavily
encountered this week, the loans on
land in this section reaching s2il, S05.S-
Owners OF property in the northwest
made the next largest demand. agGre-
eating SlG6. S87.65. The total loans
in the northeast reached So, 3S9.4.
while the amount borrowed on prop
erty in the southeast was S1S,950.
The loans in Southwest WASH
tngton amounted to Sc, 200.
Nearly half the output of the money
market this week was in straight loans,
tctaling S2B3, SS425. The sum of all the
notes given for deferred purchase money
was SlS3, 1915. Building associations
advanced to members $500