The Washington times., 1911-12-30
YEARESTABLISHED
NEWRECORDI IN THE
REALTY BUSINESS
Nearly Sixty-one Million
Dollars Paid Out in
Purchases.
unusual ACTIVITY
.ta FOR THE BROKERS
Record Breaking Figures Exclu-
sive Of Three Large Bond Is
sues Totaiing $4,000, ,OOO.

/ In washington was established by the
year 1911. The total Investments in the
purchase of and loans on real estate
in the twelve months closing today ag-
J gregated 6O.932, 0OO. These figures .ex-
coed by nearly 900 the record at
tsined by realty Investments In 1910,
which had been considered the banner
year in the history of local realty oper-
ations.
During the year 1911 the brokers suc-
ceeded I'm closing S,221 transactions, in
voiving the sale Of 17.2s9 lots and par
cells Of real estate. The total OF 1910's
transactions was 5000.
These record breaking figures for the
year are exclusive OF three large bond
issues. which were placed on record
with the Recorder Of Deeds, and aggre-
gated $t5,0O0,00O These comprised the
washington and Old Dominion rail-
ways loan of $2,500,o00 the bond issue
Of the General Banking Company for
s5. 100000. and the $7,5O0.0o0 in bonds is
sued by the Washington. Baltimore and
Annapolis Railway Company.
Month Of December.
The month Of December. despite the
holiday inactivity showed phenomenal
results and for the total Of invest
ments took second place in the years
record of months. being exceeded only
by May in the height Of the spring trad
ing. Decembers total investments in
both loans and purchases reached S.
100000, being 100000 short Of Mays
business. Included in this amount Is
| the 100000 given as the consideration
! for the transfers of the Alonzo o.
Bliss properties, but the Old Dominion
bond issue of S2,5O0.O0O Is excluded.
! There were 65S transactions closed dur
! ing the month in which were comprised
1 the conveyance OF 1.222 lots and parcels.
! The last Ave days of the month. maxi
ing an abbreviated week by reason OF
Christmas Day. were the dullest OF the
tablished a new low-water mark for
realty operations. But eight sales were
| closed On that day. The largest num-
ber Of transactions of any day in the
week was only twenty-four. The total
! number Of sales closed III the five days
was ninety. In these were involved l3l
lots.
The Massachusetts Avenue Heights
the year. The cost Of the property with
the expense Of grading and preparing
for the market, Is estimated at 2.00O, 600
The second largest sale Involved $3.50,
at which price the Washington New
at the northeast, corner of Thirteenth
and f streets. In point Of price the
third sale was the Home Life building,
at Fifteenth and q streets. bought by
the Citizens Investment Company for
eS2S. 600 The properties at 1910 to- 1870
G street northwest, brought $3.50, 900 from
james Sharp, and the District OF CO.
lumbia paid $4,000 for the new high
school site, between Eleventh and Thir-
teenth streets, and Florida avenue and
Clifton street, =. ...a
! Sale of Apartments.
Numerous apartment houses were sold
/, during the year at high figures. The
chief sales included the Cavendish
apartments at 100000. the Netherlands
at the same figure. and the Manor
House, which brought $4,000.
/ The growth and development Of the
new business section is exemplified
cinity, especially when compared with
the record for 1910. when a great
many sales were reported along. F
street and Pennsylvania avenue east
D. of Thirteenth street.
Chief among the sales in the new
business section in 1911 was the Hen
drick building. at 734 Fifteenth street.
Hr noa tha 81 ,ssy s
1904 II street, for $4,000, and the
purchase by by, OrIen oG g. Staples Of
houses at 1407' and 1409 street, and
for for asout $4,000 Premises SIS and
SIT Fifteenth street, Just north of the
Southern building. sold for $105,0o0.
Among. the other business proper
west. SOB. sos Ia. and $40 Thirteenth
street; southeast corner of Seventh
and Z streets; 1001 street north
wsst s' lsas Nsx 9ort
1906 g street northwest: 51s Seventh
street northwest; AT Seventh street
northwest, and several purchases by
enth and 1 streets. in which he in
vested nearly $4,000, 900. go,
The high mark of 1911 for residence
fSr Sss $4,000 aa BY styss Mrs
northwest. Another interesting house
sale was that of the Fuller mansion
at Nineteenth and streets, to Mrs
aGs a Gspsy Tsaw foa sGF%er
The outlying suburban tracts led
the extraordinary dull weeks bust,
ness with total of 3S parcels trans
the near-urban district. Within the
city proper, the northwest. led with
81 sales, followed bv the southeast
with "a lots conveyed. There were
lots transferred In the northeast and
in the southwest.
The Money Market.
The money market made fairly
good showing for five days reachinl
a total Of s4S3.272.63. This sum was
borrowed on the security. of 113 lots
at an average interest rate of 81!
per cent.
The straight loans were in the var
of the money market with a total o.
s371,714.33. The sum OF all the note.
given for deferred purchase none,
was SS1, $3.50. The output of tn,
building associations was $29.900.
The largest loans were on propert,
in the northwest, and amounted t.
S33S,6i9.33. County property wa
pledged for a total of $84,840.46. Th,
record of loans in the other sections
is: Southeast, $27,142.S4; northeast
$23. .240; southwest. $9.400.
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