The Washington times., 1911-01-14
IN REALTY
FOLLOWS HOLIDAYS
Transfer of Cavendish Apart
ments Leads Transactions
of the Week.

An advance of nearly 80 per cent ovel
the volume of trading Of the first week
of 1911 is shown in the record of sales
closed by local realty brokers in the
past six days. AS a result of the efforts
of the brokers to make UP for the holi-
day slump. a total of 133 transactions
were closed this week. The number OF
trades surpasses the business OF the
corresponding week of 1910 by nearly
10 per cent.
Quantity rather than quality marked
the weeks business, as few sales OF
large consideration were made. Busi-
ness property did not figure to any ex-
tent in the trading, and the total OF
335 lots sold during the week comprised
mostly improved residence property and
sites for future residences.
The distinction of closing the first big
sale of 1911 falls to Harry Wardman.
who, during the week. completed the
negotiations for the transfer of the
Cavendish apartments, at a price said
to have been nearly 5000 The apart
ments are at Columbia road and Mess
more place and was conveyed to Albert
c. Reinhold
Subject to SIoo,o Trust.
The transfer was made subject to a
trust of 100000, and for his equity Mr..
Wardman received part cash and a deed
for about $50 lots in the subdivision of
High View. This property lies east of
Lincoln avenue, and fronts on u and V
streets northeast. It adjoins on the east
Moore & Barbour's addition, which has
been improved in the past few years
with houses OF high class. These lots
were conveyed by Mr.. Reinhold to
Harry Wardman and Thomas P. Bones.
The latter also figured as part owner in
the Cavendish sale.
The only notable sale in the business
section was the acquisition by Moses
Goldenberg of additional property near
his store at Seventh and K streets. The
newly acquired property fronts on K
street, between Eighth and Ninth
streets, and is known as the west half
of lot c, in square 403. The considera-
ton is not named. The seller was Louis
Auerback
The hand OF winter was felt this week
in the sales of outlying suburban prop
erty, where the total of sales reached
only thirty-eight lots. The near-urban
district leads the weeks market, with
a total of 1893 lots, caused in great meas
ure by the trade involving the Caven-
dish property and the High View lots
Within the city proper, forty-siX lots
were sold in the northwest, twenty-eight
in the northeast, and twenty in the
southeast. Southwest Washington Is in
the running this week with four sales
to it's credit, after an absence of two
weeks from the record of transfers.
Loan Market Active.
Activity in the loan market was no.
ticeable this week. The total of loans
reached $575.748.52. figures in excess of
the business of any week since the first
six days of December. A total of 164
lots were pledged to secure the repay
ment of this sum.
The average interest rate of the past
week on loans was 5H per cent. a de-
crease of points from the rate of the
first week of the new year and a return
to the prevailing rate of last fall.
New loans again made up the bulk of
the weeks business totaling S443, ,565. 40.
Deferred purchase money notes aggre-
gated S9l, ,6S3 II, while the building as
sociations advanced to members $40, 800.
Northwest property was pledged for
a total of S2S6, go, while county owners
loans amounting to $226, 60.
The record of loans in the other sections
shows: Northeast, $36, $50; southeast,
Sl7, 800; and southwest, $500.