The Washington times., 1912-08-03
JULY ACTIVITY IN
REAL ESTATE BEST
IN C|TY'S HISTORY
Advance In Recordation Ex-
oeeds Best Previous
Figure.

The best July in the history Of reai
ettate operations in washington 10 the
opinion expressed by humber of realty
brokers concerning the activity Of the
month just closed. This view Is borne
out by the records of the office OF
the Recorder Of Deeds which show that
more papers were recorded last month
than in any previous July In the his
tory OF the office. The advance In
July recordation Is 100 papers over the
highest figures ever attained by q cor
responding month in any previous year
and is 227 in excess OF the record for
last July.
The nearest competitor in the Offices
records was July 1903. when Ellis papers
were filed as compared with 2,24e last
month. Last year 2,ols papers were re-
corded In July. 1924 in July of the
preceding year, and 1.s55 In July, 1908.
In the matter of investments In the
purchase of and loans OH real estate
the month Just closed shows an advance
almost s2,50O.0U0 over July, 1910. The
total Tor the past month was $685., 200.
which ~ the highest figure attained BY
a.ds, q months Investment this year. The
Sfys when the Investments totaied
.U,OoQ,0oO, included in which was the
transfer OF the Arlington Hotel prop
erty at sI,4O0.0O0.
Number of Transactions.
During July. 1912, the brokers closed
'so transactions involving the trading Of
l's46 lots and parcels of real estate. In
July, ls1l, there were closed sos sales
In which were included 1882 lots.
The business of the past week was
the poorest in the month, only LIT
transactions. being completed. There
wero AZ lots and parcels of realty in.
VOWED in the weeks operations.
The largest sale OF the week COM
prtsed residence property which
brought $s0,2Sl. This price was paid by
remembrance E. Kent and James L.
Rust. of Waynesburg. Pa, to Elizabeth
.. Moore for three lots on the west
tween r and streets
me principal sale in the business Sec
lion was 1904 e street northwest. bought
hy Frederick A. Linger and John d.
"a uarman Iia from Julia Saunders. The
erty at 1900 and 1902 Seventh street
northwest, was acquired during the
week by the Seventh Street Savings
Lam, hSank from Harry Kaufman. Other
included 5o4 Eleventh street northwest
s0ld by Emmons s. Smith to w.
thompson Burch and premises 918 e
street northwest, conveyed to the Ma
ilonal Savings and Trust Company in
trust for an undisclosed purchaser.
Suburban Sales.
Outlying suburban property returned
to the lead of the markets this week
when 25S parcels changed owners in
that section. The northwest was in
second place with forty-seven sales to
its credit. There were forty-two lots
transferred In the near-urban district,
and thirty nine in the northeast. South
east and southwest ran a dead heat
lots sold
There was a striking decline in the
money market from the phenomenal
figures of the preceding week. The total
rowed on the security of S59 lots at an
average interest rate Of 81 per cent.
In addition to these figures there was
placed on record this week trust to
secure an issue Of bonds aggregating
So. 500, 600 The bonds are payable August
], 1912, and bear per cent interest. The
American Ice Company and allied cor
porations gave the mortgage on all their
property In the District of Columbia and
i'm the States of New York. New Jer-
Straight loans continued In the van
of the weeks business with total of
si15,2S5. The sum of all the notes given
for deferred purchase money was $780,
4S3l4 The building associations, ad-
vanced the members s68,S25.
County property was most In demand
this week as security for loans, with an
aggregate of 1921 1868. 40. Land in the
northwest was next in favor. the loans
in this section totaling s2s7, 7,5545o
sections was: Northeast. $2O,245. "a; south
east, $1S,350, and southwest, $12.05.