The Washington times., 1911-01-21
REAL ESTATE KEEPS
UP TO 1910 RECORD
No Falling Off in Volume of
I Trading Thus Far
: Shown.
MARKED ACTIVITY
IN GEORGETOWN
Seventeen Houses Change Hands
There During the
Week.

The new year is keeping the pace set
by its predecessor. 1910. the most sue
cessful year in the history OF realty
operations in the District. \ compari-
son Of the records of the office of the
Recorder of Deeds for the past three
weeks with the number of papers re-
corded in the corresponding period of
last year shows no falling off in the
volume of real estate trading. The rec
ord for the past six days shows a slight
increase over the similar period of 1910.
This showing is regarded by many as
refutation of the pessimistic opinion
OF some realty operators that the past
year was an exceptional one, and would
be followed by slump. If 1911 has any
such fate in store for realty brokers, no
indications are apparent The volume
of business closed in January is not
ordinarily large, and as long as no fall
ing off is noticeable thus far, the brok-
ers are encouraged to hone that the
close of the month will see the record
OF last January equaled, if not sur
passed.
Activity in Georgetown.
There seems to have been this week
marked activity, bordering on a boom,
IN real estate in that section of the city
lying west of Rock Creek and common
ly called Georgetown. Seventeen houses
changed owners in this section in the
past six days. This comprised one-third
OF the total number of sales in the
northwest section. The remaining thir-
ty-four were spread over the area lying
between North Capitol street and Rock
Creek, Florida avenue and the Mall.
The suburban sales again assumed
the lead in the weeks record, with a
total OF 10 lots sold out of an aggre-
gate of 222 lots traded in during the
week throughout the entire District
The near-urban section has forty sales
TO its credit, while the record of the re-
manning city divisions shows: South
east, nine lots sold: northeast. eight
lots, and southwest, four lots.
closed by the brokers in the last six
days is l31. but two short of the number
for the second week in January, which
exceeded by nearly 80 per cent the
volume of trading in the open week of
the year.
Connecticut Avenue Sale.
There was no sale closed in the bust |
ness section proper during the week,
but one transaction was noted on Cor
necticut avenue, in a section rapidly
being converted TO business uses. Prem
ises 1918 Connecticut avenue was sold
by Virginia NJ. Wilson and others 10
Duncan .. Philips. The consideration
is not mentioned in the deed
The appointment of a commission to !
appraise the value of the property to |
be condemned as a site for a public !
park on Meridian Hill is of interest to !
realty brokers. Chief Justice ClabauGh, |
of the District Supreme Court yester- |
day selected George TrueSdell former |
District Commissioner: Edward j. |
Schwartz, a realty broker, and Samuel |
A. Drury, retired member Of the firm |
OF. Arms x DTury, to act as Commits
Soners. The valuation set by the COM |
mission will probably serve as a stand |
ara of future sales in the locality The |
condemnation of this area. between WI
and Euclid streets, Fifteenth and Six |
teenth streets northwest will aid the
realty market later in the year, when |
these owners look about for the in
Nestment of the $4,000, authorized by
Congress 10 be expended in the pur-
chase of the property.
Slump in Money Market.
A noticeable falling off is shown III
the money market this week, the total
Of loans being only $4l1.3SLl7, a decrease
Of more than sl60,OOO from the record of
the previous week. One hundred and |
sixty-three lots were pledged to secure
the repayment of this sum, at an aver
age interest rate of Sc per cent, a rise
of one point over the rate of the second
week of January.
New loans constituted the bulk of the
weeks business, totaling $2S4, 840.50. De-
1erred purchase money notes aggregated
$50, 44S.67, while the output of the build
ing associations was SAC, 100
County owners made the largest draft
on the money market, requiring s232,
amounted to Sl49, +G6.50 while the record
for the other sections shows: Southeast,
$lG,S2o; northeast, S11,250 and southwest,
81 90