The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1911-12-23
REALTY SALES IN
WEEK CLOSED MADE
MONTHPH[NOMENAL
Activity in Capital in Keep
ing With Christmas
Shopping.
INCREASE IN THE
LOTS TRANSFERRED
Record Places Third Week of De.
cember in Lead Of a Most
Active Season.

Real estate activity kept pace with
Christmas shopping. and a review Of
the weeks business shows that six
sales were closed in the last six days
in excess Of the record of the previous
week. This placed the third week of
December in the lead of a phenomenally
active month.
As a result Of the efforts of the
brokers an increase Of more than so per
cent is noticeable In the number Of lots
transferred over the number included
in the sales of the second week of the
month.
looked for slump, December, 1911, will
go down in history as q record-breaker
for this season of the year In the annals
Of real estate operations in Washington.
The month opened with total of 1856
transactions In the first week, to be
followed by 1873 sales in the next week.
The last week witnessed the closing of
~ nuns The rs se WEEK eek
total Of lots was 301. while In the last
six days AZ lots and parcels of realty
were involved in the record of trans
fers.
Money Market Strong.
In the money market also the third
week of December shows the highest
figures for the month. Exclusive of
the bond issues of the Washington and
Old Dominion railway for $2,5O0,000, and
the issue of 81, 900 in bonds authorized
by the transfer Of the Alonzo o. Bliss
properties, the total of loans in the six
days reached $751;, 16493. This sum Is
nearly $4,000 in excess Of the loans of
the previous week, and more than
$500 in advance of the figures for the
FIRST week of the month.
There were several important sales
closed in the business section this
week, although the total investment
In property of this character was
The ' chief transaction was the sale
by John r. Mclean and his two SIS
tiers, heirs Of Washington Mclean, of
the property at 815 and 81 Fifteenth
home and adjoining on the north the
and H streets. Frank II. Edmonds
is the purchaser ,as doG at price said to
Another important sale. closed in
chased Of Orren q. Staples BY Annie
souSs ss op ana that Piss
street. adjoining, several months
build hotel on the site. This plan
premises at 1909 were sold to the
Ballantyne Bros, who win locate
there. Two other sales were made in
the business section. one. on Thir-
teenth street northwest between H
and I streets, and the other at 1109
r street northwest.
The. Victoria apartments at Four
teenth and Clifton were sold again
this week, and the deed was placed
on record yesterday transferring the
property from George H. Zellers and
others, to Arthur L. Bliss. The con-
sideration is not given in the deed.
Suburban in Lead.
The outlying suburban section contin-
ted to lead the market this week in the
number Of lots sold. having a total of
179 parcels to it's credit. The near
urban district also was active, there
being 116 lots conveyed in this section.
The northwest was found in its accus-
toned place among the city sections,
with a total of 1O4 lots transferred.
There were forty-six lots sold in the
northeast, twenty-fopr in the southeast,
and eight ins'the southwest.
A total of $50 lots were incumbered
in the aggregate of $685.. 9S borrowed
In six days. There was a slight ad-
vance in the interest rate. which shows
an average of Sc per cent, caused by
the preponderance Of per cent loans.
half the weeks business. with total
of $453,52S.6S. The sum of all the notes
given for deferred purchase money was
s220, 6S6. %. The building associations ad-
vsnced $167,950. to members.
The northwest. was the largest Dor
rover. land in this section being
pledged to the extent Of $413,695. County
owners came next with total of 1927,
74sOs. The record of loans in other sec
cast southwest a. $50