The Washington times., 1912-09-07
REAL ESTATE MEN
ARE HOPEFUL FOR
EARLY FALL TRADE
First Week of September
Shows Decided Increase
in Sales.
NEAR-URBAN DISTRICT
GOES TO THE FRONT
Wrenches Palm From the Outlying
Suburban Subdivisions in
Matter Of Business.

A promising outlook for an early fall
boom in real estate is seen in the in
creased activity in selling. evidenced
during the first week of September.
This increase is shown especially in
the records of the offive of the Re-
corder of Deeds, where the number Of
papers filed is is per cent in advance
During the five days, comprising the alb
breViated week, due to the Labor Day
holiday, there were filed for record 394
Papers. as compared with 344 in the sim
liar week Of last year. This number
appears to set a new record in the an
mails Of the office for q total of re-
cordation in the first week Of September
The figure for last year had previously
been a high mark
An advance of 10 per cent in the num-
Der Of transactions effected is displayed
this week over the record of sales for
the initial week of September 1911
There were closed this week 112 trans
actions as compared with 102 in the
similar week of last year.
The results obtained by the brokers
on three days of the short week were
more than gratifying and compared fav-
orably with the ordinary days business
during. an active season of selling
Thursday saw thirty sales effected, the
best work of the week. There were
twenty-seven sales completed on We'd
nesday. and Tuesday witnessed the
closing of twenty-six trades fridays
business showed a decline when only
eighteen sales were consummated
Eleven sales is the record for the half
holiday of Saturday.
Included in the weeks trading were
l3O lots and parcels of real estate.
Gains In Near-Urban.
The near-urban district wrenched the
m of lAol -.
outlying suburban subdivisions, which
dropped to third place being also passed
in the record of sales by the north
west section. There were thirty-eight
lots transferred in the near-urban dis
trict, thirty-four in the northwest and
thirty-one in the outlying suburbs. The
southeast and northeast sections were
fighting for fourth place, the former
winning by one lot. showing a total of
in the northeast. There were but two
sales in the southwest.
Two important sales IN the business
section were closed yesterday. One of
transfer Of premises 1916 New York ave-
nue.. Another sale included two dwell
ings on the south side OF Rhode Island
avenue northwest, between Fourteenth
ana Fifteenth streets, which with the
improvements to be made, will involve
an expenditure of over $4,000 Premises
915 Twelfth street northwest, Just out
side the business area. was sold, and
the property at 103 Pennsylvania avenue
northwest also changed hands yester-
day. Another large sale included three
lots at the corner of Sixteenth and p
streets northwest, which, with the trans
a remarkable days work on the part
or the brokers. Although yesterday was
one of the poorest days of the week in
the number of sales made. there is no
ffs,rr h. 40.
ness effected.
DR.: Zachariah T. Sewers Inquired in two
OF the big sales of yesterday as pur-
chaser of 1916 New YORK avenue and
seller to Edward G. Perry of the lots at
sixteenth and p streets northwest. Mr..
Perry sold premises 1905 G street north
west to Alphonso c. Stewart, who for
merly owned the New York avenue
Warren is the new owner Of the two
properties on Rhode Island avenue and
the business house al 103 Pennsylvania
avenue northwest now stands in the
name of Sophie Hanlein. House 915
Twelfth street northwest was conveyed
BY weston b. Flint and others to Eliza
beth w. Dempsey. George S. Rees, by
a transfer earlier in the week, became
street northwest: The property was
sold by the Washington Loan and Trust
Company, as trustee, to Gustave Open
heimer for $1,000 Mr.. Oppenheimer i'm
AiSdIdtSiH COHNeStu 10 MT. fteeS.
Half Million Borrowed.
A little more than half million dol
lars were borrowed during the week on
local real estate, the exact figures being
S557.S97SS. This sum was advanced on
the security of 1856 lots at an average
interest rate of Sc per cent.
The bulk of the weeks business in
the money market was in straight loans,
aggregating $3.50, ,915. The sum of all the
notes given for deferred purchase
money was $l0l, ,0S2.S .SS. while the advances
S56,900.
County property was the most accept
able this week as security for loans be-
ing pledged for total of S279, s..
Loans on land in the northwest aggre-
gated $l9l, ,76l. The record of loans in
the other city sections was:' Northeast
$69,6 southeast, slO,3 southwest
$500.