The Washington times., 1912-02-10
Operators Lessen Sale Ac-
tivities In Planning Cam
paign for Spring.
SUBURBAN PROPERTY
SHOWS BEST RECORD
Only Two Transactions Recorded
In Business Section-North-
west Leads In Transfers.

A spirit of inactivity seems to have
perVaded the local realty market dur
Ing the past six days and the initial
week of February evidenced a sharp
decline both in the number of lots sold
and In the volume of business trans
acted. The total of loans also falls
several thousand dollars below the rec
ord of the preceding week,
The attention of the brokers appears
to have been directed this week to the
planning of the spring realty campaign
rather than to the difficult task of sell
ing real estate coated with ice With
Old Sol OF the job few more days in
succession this handicap on realty SELL
ing Is expected to be removed and a re-
turn of activity is anticipated.
Despite the snow and ice the record
discloses that nearly one-thrd the busi-
ness Of the week was in outlying subur-
ban property. In these sections 60 lots
were sold out of the total of 1893 lots
and parcels of realty, that changed
hands in the past six days. Second
place in the record of sales was taken
by the northwest city section with 45
lots transferred. The near-urban dis
trict is found in third place with a total
Of 46 lots sold. Among the other city
sections the southeast leads with 27
lots conveyed, followed by the south
west with II lots sold. The northeast
had only 13 conveyances and took last
place, position in which that section
has not been found within the last two
years.
Daily Average of Sales.
The daily average of transactions
closed this week was twenty-one sales,
NHYtfh frx-nF OF Inc
made each day in the preceding week.
a decline of five sales per day. Wednes-
day was the busiest day of the week,
and saw twenty nine transactions con-
summated. Tuesday and Thursday each
had twenty-five sales to their credit
Monday was the dullest of the six days,
when only thirteen sales were closed.
There were twenty trades recorded on
Tuesday and fourteen on Saturday.
Only two transactions were recorded
in the business section this week, and
these In the wholesale row on Louisiana
avenue, where sales are not frequently
made. The four business houses from
e44 to $50 Louisiana avenue are included
in the sales.
Another sale of business property in
volving 100000 was authorized by JUS
tice Wright during the week, but the
conveyance has not been placed on rec
ord. The court directed Attorney T.
Percy Myers, as court trustee, to accept
un OlIeT HlduS lnEOuSH AllOII6y H. d.
Behrend, representing the purchaser, to
buy premises 100, 722, and 724 Seventh
street northwest.
Quarter Million Shrinkage.
The exact figures in the loan market
this week were $47S, S,334.36, a shrinkage
of nearly a quarter million dollars from
the record of the previous six days.
One hundred and ninety-six lots were
pledged. and the average interest rate
remained at 5k per cent.
More than half the money borrowed
this week was IN straight loans on
property already owned by the bor-
rover. Loans of this character totaled
$297, 1880. The sum of all the notes
given for deferred purchase money on
newly acquired real estate was
$133, 1854 The output of the building
associations was 47,45O.
Owners OF county property made the
largest demands on the market again
this week. The total secured in this
section was $242,O0536. Northwest prop
erty was the next heaviest encountered
with a total of $40, ,449. In the northeast
loans were made in the aggregate of
$6S,290, and in the southeast totaled
SH, G9O. Southwest property was pledged
for $500.