The Washington times., 1911-07-15
ADVANCE IN REAL
ESTATE BUSINESS
EXCELSLAST WEEK
Sales and Loans Include
Many Important
Transactions.
NORTHWEST LEADS
IN CITY LOTS SOLD
Nearly Four Hundred Transferred
in All During the
Period.

4 substantial increase in both the
sales and loan departments of the real
estate business Is dis, closed in a review
Of the operations Of the brokers' during
the second week in July.
The sales Of ths past week as COM
pared with the first week Of the month
show an average daily advance Of ten,
making a total Of 17S transactions closed
IN the past six lays. In the loan de-
partment the figures more than doubled
those reported tor the previous week.
A comparison with the business Of the
corresponding week of 1910 shows an
advance of 10 per cent in favor Of this
week I'm the numb er Of sales closed. In
the matter Of loans the past week ex-
cells It's counterpart Of 1910 by more than
;lOO. 600.
The Recorder of Deeds Office reports
the breaking last Wednesday OF July
records for several years for the
day. There were offered for record
ing Inn 'PS' by efsht. Idat the the P6 highest number
filed in one day in July 1910. On We'd
nesday the brokers closed forty-six
has been exceIled only once this year
and has been equaled on but one other
occasion.
Nearly -Four Hundred Lots.
As many as s7s lots were involved in
the operations of the weak. of whi,h
more than half were in the outlying sub
divisions. In this section there were
sold 1Ss lots and parcels Of real estate.
Within the near-urban district sixty
eight lots were transferred
The northwest again took the lead in
the number of lots conveyed within the
city limits. Ninety lots were there
- \ H. wr~fe
fourteen lots to its credit. There were
seven lots transferred in the northeast.
and four properties changed owners in
the southwest during the week.
More than 100 lots were involved in FIVE
transactions closed yesterday in Uni
yersity Heights, lying between Bunker
Hill road and the property OF the Holy
Land Monastery. The considerations
approximated $4,000. An entire block
OF ground. comprising In area $1,000
Bartin and William Henry Walker.
trustees, to John H, Henry E.. John
D., Charles j., and Emily L. Brooks,
Agnes E. Stock, and Helen c. Wilson.
The same trustees transferred to Eliza
beth A. Todd, Reginald r. Allan, E
and Blanche P. Walker, thirty-six lots
in an adjoining square for 3d. .lS2.73.
s., 76o.so, and William L. Lanning pur-
chased of the trustees seven lots for
$500.
Raleigh Property Loan.
The principal loan of the week was
made to the Columbia Hotel Company
on the security of the Raleigh prop
erty at Twelfth street and Pennsylvania
avenue. The company gaze a second
trust for 500, 900 to the George A. Fuller
Company. The money is payable in
from one to five years, and bears in
terest at per cent. The frs; trust on
the property secures an issue of bonds
aggregating 100000.
The Raleigh loan helped to swell the
figures for the week in the loan market
to $3.50. .SSl.S9. AS security fol the re-
payment Of this amount 3S5 lots were
encountered. The average interest rate
returned to So per cent, which had pre-
vailed before the drop in rate last week.
The bulk of the money borrowed was in
straight loans which amounted to
S60S, ,0O637. The sum of all the notes
given this week for deferred purchase
money was $40, SIS, 80. The building as
sociations advanced to members So, $50.
The Raleigh loan aided the northwest
section to attain first place in the record
Of. loans, with a total of S37S, ,921.06.
County borrowers ranked second with
1924, ,099S3. In the northeast loans
amounted to SIS, 80, and in the southeast,
to $53, 800. There was borrowed S15,SH on
property in the southwest.