The Washington times., 1912-01-27
ACTIVITY IS SHOWN
. IN REALTY MARKET
DURING LAST WEEK
Total of 155 Sales Closed,
Which Involve $40
Lots.
LOAN MARKET SETS
MARK-WITH $500, 900
Recorders Office Makes Record
for Days Volume Of Bust
ness Tuesday.

The increased activity in real estate
predicted in this column last Saturday.
was realized during the last week. A re-
view Of the weeks business shows an
increase Of Is per cent In the number
of transactions closed. in the loan mar
ket the figures exceeded 200, and the
Recorder Of Deeds office hung up a
new record for q days volume OF busi-
ness for this season of the year.
There were recorded last Tuesday 1Ss
papers Affecting real estate. This num-
Der exceeds by nineteen the largest
days business ever done In January in
the history Of the Record office. A to-
tai Of 120 papers was received for rec
ord on January 16. 1903. and that day
has held the January record for the Of
flee up to last Tuesday. As though to
leave no doubt Of the record being
broken. the number OF papers Of that
date was again excelled on Thursday
when III instruments were offered for
record.
Increase of as Per Cent.
While the increase in the number of
transactions il only 25 per cent the
volume of business as expressed by the
number Of lots involved in the sales of
the week, evidences an advance Of 90
per cent over the previous week. In
the total Of 155 sales closed this week
there were involved 346 lots and parcels
of real estate. More than half the
weeks business was in the near-urban
section where 1S4 lots changed owners.
The outlying suburban section ranked
second with fifty-one parcels conveyed
Within the city proper the northwest
led with 80 lots sold, followed by the
southwest with 20 lots transferred.
There were "a lots sold In the northeast
and II in the southeast.
The feature of the weeks business
was in the loan market, where the total
nearly reached the million dollar mark.
This activity in loans began on Mon
18th $2s1, $40 and continued through
MO sNe week. Loans recorded Tuesday
sXsAas lted to &14S, 638 %: Wednesday, S62,-
\, Thursday, $112 40; Friday, $685.
a Is co saiSsesY remsr assS r fos
& eriod Of the year.
timber OF the sales recorded this
f}Jeseh involved considerations in excess
3fk ~ ZOO Secretary Of tho Navy Meyer
Aftl6sed HE purchase Of the Hotel Els
mere property adjoining the Maryland
building already owned by him on the
south side Of III street. between Four
Iteepth and Fifteenth streets. The con-
sideration 10 stated to have been about
100000. A similar price was paid by
William A. Mearns for the Mckee man.
sion at the northeast corner of Con-
necticut avenue and Rhode Island ave-
l1ue.
The purchase by Harry wardman and
y. H. Cheney Of 107 lots at Sherman
avenue and Harvard street will involve,
with the improvements to be made,
large sum Is to be invested by Edwin
p. Brink in the Improvement to be
made by him at the corner of New
Hampshire avenue and Monroe street.
purchased by him this week.
Purchases Residence.
DR.. Loren B. T. Johnson has pur-
chased the former residence Of Mrs.
W. B. Moses, at 210S Sixteenth street
northwest, for $51.5Oo The property ad-
joins on the north the new home OF
Justice Charles E. Hughes, Of the
United States Supreme Court.
A business section deal involving
$4,000 was closed yesterday, when the
Washington Loan and Trust Company
conveyed the property at 40 Ninth
street northwest. adjoining the I'm
perial Theater. to Fred w. Miller and
John H. Miller.
The exact figures reached in the loan
market this week were S93S, 469.76. This
sum was secured on 1863 lots at an aver
age interest rate of So per cent.
Straight loans easily had the call of
s7lJ, lO2s6. The sum of ali the notes
given during the week for deferred pur-
chase payments was s12S, SS6.S0. The
building associations advanced to men,
bers s64, 200
More than half the money borrowed
this week was secured on property in
the county. The total SO secured was
$if1 ,551.4 3. Owners of property in the
lao fIxUya GA bA ts.l, l.
mand on the market. with an aggre-
gate of $24S ,5sS.3a.- The record of loans
in the other city sections was: South
east. $60,960, northeast. $500, south