The Washington times., 1912-05-18
BELATED BOON IN
BOTH SUBURBAN
AND CITY REALTY
New High Water Mark in
/ Sales Reached Here
on Friday.
300 PARCELS IN
SUBURBS ARE SOLD
Straight Loans Aggregate $751;
504.32, at an Average of
/ S l-2 Per Cent.

The belated spring boom in real es-
tate put in It's appearance this week. a
new record for 1912 was established for
q days selling activity with the closing
OF 50 transactions. The former high
mark for the number of sales closed
In a single day was equaled yes
terday and on two other days Of the
week more than 30 sales each were
effected. The volume of trading reached
q total of 404 lots and parcels of realty.
The activity was especially noticeable
In the office of the recorder of deeds,
where 613 instruments were offered for
record as compared with $50 papers filed
in the corresponding period of May,
1911. which month has the distinction of
furnishing one of the busiest periods in
the history of the office.
The depression which marked the
business of the first week of the month
was disstrated early this week. and be-
ginning with Tuesday the current week
took on lecord-breaking activity. The
Thursday with the completion of 80
sales - the highest mark for the year.
Fridays business was only one point
behind, showing 3S closed deals. Thirty
"wednesday and 81 on Tuesday. The to-
tai number of completed sales for the
week was 1888, making a daily average
tof 81 transactions.
Suburban Business Good.
As predicted in this column last week
the outlying suburban section began
early this week to forge to the front in
the volume of trading. More than half
the number of lots involved in the
weeks sales was in this region. A to-
tai of I'll parcels were sold in the sub
urban section. The near-urban district
dropped to second place this week, al
though having three more sales to its
credit than during the previous week
There were seventy-two lots sold in the
nenr-urban district in the past six days.
The northwest section again furnished
nearly as many lots transferred this
week as the sum of all the sales made
in the other sections of the city proper.
The total of lots conveyed in the north
west was go, while the other three Sec
tions together show 81 lots sold. In the
southeast 81 sales were reported, 20 lots
changed owners in the northeast and
eight lots were sold In the southwest.
the business section was premises 424
Fifth street northwest purchased by
George l.. Whitford Mr.. Whitford will
tear down the building now on the site
and erect a three-story office structure.
j. lease for ten years has been arranged
for the two upper stories, which will
contain 10 rooms. Smith & Hulse, the
court stenographers. will occupy these
ground floor for his law offices.
Premises 917 G street northwest fg-
nred twice in the sales of the week, but
the true consideration does not appear
from the records. Christina c. Cole
man sold the property early in the week
10 RAYMOND H Van Nest and on Thurs
dav Mr.. Van Nest transferred the
premises to the Mckee Surgical !nstru-
M mr.
premises 712 Seventh street northwest
from William Baum, who acquired title
10 the property during the previous
week.
Plants Transferred.
The dissolution Of the form of c. A
Schneiders Sons this week caused the
transfer of both plants Of the firm. one
at Twelfth street and Ohio avenue and
the other on D street between
Eighteenth and Nineteenth streets. John
A. Schneider withdrew from the busi-
ness and conveyed his interest In the
property to his brother, Charles F.
Schneider.
The boom Of the week extended also
to the loan market, where the figures
show an imitation of more than $500. OOI
over the previous weeks business. TT e
exact aggregate of loans was Ss25 500. 81.
borrowed on the security of 80 lots at
an average interest rate of 51S per cent.
Straight loans had the lions share OF
the weeks output of money with total
of $551 1.5O4.82. The sum of all the notes
given for deferred purchase money was
,S165 5SO5.30. The demands on the building
associations were heavy and advances
were made to the extent of $lO8,20
Northwest property was in greatest
demand as a basis of security and loans
on property in this section amounted to
G349 IA. Owners of land in the county
borrowed $3SS, ,306.5S. The record of loans
in the other city sections was: North;
east, $9S,25O; southeast, $37,o8eeo, and
southwest, $500.