The Washington times., 1911-06-10
Hope to Surpass Activity
Developed During Month
of May.
GOOD DEMAND FOR
NEAR-URBAN LOTS
Total Transactions in This Branch
of Realty Market Reaches
Eighty-Seven.

That June shall be known as the
month of sales in addition to its~fa-
miliar sobriquet, the month Of brides
and roses" is the determination ex-
pressed by local realty brokers, who
are bending every effort to surpass the
real estate activity CO
May
While the result of the business
closed during the first week of the
month does not equal the record estab-
lished in the first six days of May, II
is exceeded by only one other week last
month, and then by only three sales.
Encouraged by this showing, the brok-
ers express confidence that when the
statement for the month appears in
The Times, June will have taken first
place in the record of sales for 1911.
From the viewpoint of volume of trad
ing the past week was slightly in ad-
vance of the corresponding period of
June, 1910 In the 17S transactions closed
by the brokers in the past six days,
there were involved 291 lots, while the
sales made this time last year included
2S9 parcels of real estate. In the loan
market, the business of this week, shows
an increase of nearly $125, 00G over the
figures for the corresponding week in
1910.
Only one more was COIl-
pleted this week than in the five work.
ing days of last week, and in the mat
ter of loans a comparison of the two
weeks shows a falling of Of $4,000 in
the past six days
Suburban Property Active.
Activity in the suburban property con-
tiguous to the city boundaries is the
feature Of the business of this week.
The unusual demands for property in
the near-urban district placed this Sec
ton at the head Of the sales column
with a total Of eighty-seven lots sold.
The outlying country tracts were close
on the trail of the leader, and report
eighty-five lots and parcels of real es-
tate changing owners.
In the city proper, the northwest
nearly equaled the entire volume Of
sales In the ether three sections. The
record shows northwest so lots con-
were transferred 81 lots in the north
east 81 in the southeast, and 7 in
the southwest.
The absence of large loans left its
impression on the money market this
week, where the total of loans reach
three lots were encountered to secure
the repayment of the amount Dor
rowed. The prevailing interest rate
remained as during the previous week
at per
Big Loans in Northwest.
New loans resumed the lead in the
market, a place from which this class
of loans was ousted last week by the
enormous number of purchase money
trusts. The total of money borrowed
this week by persons already holding
title to the property pledged war
$685. 1887. The sum of all the note
given to secure deferred purchase
money was s263,S62.55. The building
associations made advances to mem
bers aggregating $500
Owners of property in the north
west proved to be the heaviest Dor
rowers this week. On the security Of
land in this section, loans were made
to the extent of SS39.69S.5O County
property was not far behind loans in
that locality reaching s317,6S3.s2. In
the other sections of the city. the re-
port of loans for the week shows:
Northeast. 1900: southeast, S22.-
$3.50; southwest, $3.50.