The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1911-09-02
Nearly Seven Hundred
Transactions Closed
During Month.
INVESTMENTS MORE
THAN FIVE MILLIONS
Two Thousand and Six Papers Re-
corded, Exceeding Last
Years Figures.

Despite the inactivity that pervaded
the local realty market during the
last half of August, a new record for
midsummer operations in real estate
was hung up by the month just clos
ed. Complete returns for the months
business show that sos transactions
were closed, involving the transfer of
1924 lots and parcels of real estate.
The total investments for the month
in the purchase of and loans on real
estate amounted to $5,16S, 900. This
sum is nearly 500, 000-in excess of the
investments made in July and slight
Lly surpasses the total reached by in
Ivestors in June. The total investment
for August has been exceeded by only
three months in the year: June, with
lS7,000,00e; April, with $500, 900, and
March with $5,500,000.
The records of the office of the Re-
icorder of Deeds also reflect the su-
ipremacy in midsummer business at
itained by the month just closed. A
total of zoos papers were received for
RECORD during August 1911. This
total for July and exceeds the num-
Der of papers recorded in August,
1910, by 107.
4 The Old Record.
August, 1910, had previously held
the office record for this season Of
the year with a total of 1899 instru-
.ments offered for record. The near
est approach to this figure for Aug
.ust was in 1909 when 1852 papers
were filed and before that the record
had belonged to August 1905, with a
total of 1926 papers filed.
The dearth of sales which began
the closing six days of the month,
when the total of transactions closed
sunk to a lower level than that re-
corded August 10. In the past six
days there were completed only 100
sales, daily average of twenty
transactions. These are rock bottom
figures for 1911.
This lack of business is perhaps ac-
counted for in large measure by the
absence on vacation of so many brok-
ers who are awaiting the passing Of
Labor Day before ending their holt
days. Investors are also out of the
tcity and the closing of pending sales
or prospective purchases is no easy
task.
Suburban Deals.
In the total Of 12O transactions con-
Gurnmated this week there were in
ivolved 224 lots and parcels of real
estate. The bulk of the weeks bust
ness was in outlying suburban property,
where eighty-eight parcels changed
owners. The northwest took second
place. with ffty-three lots sold. fol-
lowed by the near urban district, with
thfrty-nine lots conveyed The south
western section moved up this week
into fourth place, with a total of TWEEN
lty- two lots TO its credit
Last place in the record of sales was
@ tie Of eleven transfers in each the
northeast and southeastern sections.
The loan market showed a slight in
crease this week over the figures of the
preceding six days. reaching a total of
k4SS, 2692. This amount was borrowed
on the security of ISL lots at an aver
age interest rate of per cent?
Purchase money loans took precedence
in the market this week The sum Of
the notes given to secure deferred pay
ments on newly acquired property was
S2a9. 1856. Straight loans aggregated
S157. .I6. and the output of TIE build
ing associations was S3l, 750
! County borrowers led the market de-
imanding $2I5,57241 Property next high
est mortgaged was in the northwest.
with a total of $160.533.7 70 Loans on
northeast property reach $26. 500, and
the record Of the other sections shows,
southeast, $19,s6566, and. southwest,
$500.