The Washington times., 1911-03-11
NEAR.URBAN SALES
SHOW BIG INCREASE
Is Feature of the Weeks Ac-
tivitieS in Real Estate
Circles.

A marked increase in the number of
| sales in what is known as the near
| urban district-that section lying i'm
mediately north of Florida avenue.
| which Is practically within the city
| limits, but still known technically as
county property on the plat books-is
the feature of review of the activity of
the past six days in realty circles. The
number Of transactions closed during
the past week in this locality amounts
to forty-one, involving the transfer of
SiXty-two lots.
Included in the number of sales is the
purchase by Clarence F. Norment Of
the apartments known as Manor House,
for a consideration of sl5O.OCO. Other
apartments, many dwellings and not
few building sites in this section fig
ured in the weeks transfers.
An increase of nearly 80 per cent over
the sales of last week in the near-urban
district Is shown in a comparison of the
records of the two weeks. Only thirty
three lots were reported sold there in
the previous week as compared with
sixty-two lots this week.
After Record.
The volume of business in the office
of the Recorder of Deeds reflects pretty
accurately the trend of real estate
operations, and from the records of this
office during the first ten days of
March it is evident the dealers in real
estate are bending every effort to sur
pass this spring the phenomenal busi-
ness of the spring of 1910 The number
of papers filed so far this month shows
a slight increase over the number filed
durinp the first part of March, 1910.
The outlying subdivisions are not far
behind the near-urban district in the
matter of sales. A total of fifty-three
suburban lots was sold this week. The
northwest leads the city sections with
total of forty-seven lots, while
twenty-four lots were transferred in the
northeast.
The record of sales this week in the
southeastern section shows a material
decrease. falling from twenty-three lots
sold last week to only three sales dur
ing the past six days. The southwest
sales again amount to two, the same as
in the previous week.
Sale Ratified.
Justice Stafford, of the District Su-
preme Court, yesterday ratified the sale
of the Cotton mansion on Connecticut
avenue, which was recently made at
auction for $51,9OO. The court directed
the trustees to execute a deed to the
purchaser. The sale was made subject
to the courts approval.
Among other large residences which
figured in the weeks transfers were
the Dunlap house at 1893 Massachusetts
avenue, bought by Nancy H. Branson,
and the sale to Ben B. Bradford of the
former home of John W. Foster at 1405
and 14O7 street northwest. Downtown
property noted in the weeks record in
clude premises 345 Pennsylvania avenue
northwest, bought by Patrick ].
O'Keefe, and a business property on
between l and K street, sold to John
H. Magruder.
Samuel S. Carroll bought this week
Of James S. Easby-Smith, trustee, the
business property at tS2 Eighth street
northwest. The consideration for the |
sale was $4,000
A decided advance in the loan market |
Is evidenced this week. The total of |
loans in the past six days reached |
S546, 7S:15, SURPRISING by $4,000 the fig
Of lots pledged for the repayment of |
this amount is 1871, which happens to be |
Identical with the number of lots sold |
during the week. This does not mean |
were made this week, as many loans |
were made on properties that did not |
hgure In the sales column. The num- |
bers coincide by accident.
Interest Rate.
Quite a number Of 6 per cent loans |
figured in the record this week.. and |
brought the weeks average interest |
rate up to SO per cent. This average is /
two, points above that of the previous |
week
New loans constitute the bulk of the |
weeks business in the money market |
Loans OF this character reached a total |
Oh SS9z'bS2, while the aggregate of de-
ferred purchase money notes given this
week is $l6S, 5.l5.. The total advances |
made to members by building associa-
lions amounted to $Sl,100.
The increased activity in sales Of
county property was felt in the loan
market, and the total of loans on such l
security reached $277rS6715. Northwest
was pledged for 500, 1896. The
oans in the other city sections were:
Northeast, $50. 925; southeast, Sl6SOO, and
southwest, S3,7O6