The Washington times., 1912-05-04
APRIL WAS BUSIEST
MONTH OF YEARFOR
DEALERS IN REALTY
More Than 100000 In
vested In Lands and
Loans.
INCREASE SHOWN
OVER LAST YEAR
Loan Market Shows Recovery,
Figures Nearly Reaching
50" Million Mark.

More than ssOO0oOo was invested in
the purchase Uf and loans on real es.
tate IN April. The Investments for the
ntpnth are slightly ir excess of the
IflGules for January. which included the
81, 1000 involved in the purchase of
the Arlington Hotel property As none
OF the transactions closed last month
involved anything near that sum. the
total fUi April "vid ,lces that the brox-
ers have found It the busiest month IN
Ilsi.. ..
AS compared with April. 1911. the pa st
nlcnth shows IN increase OF little
over $4clo1) in the inv estments and a
material advance both in the number
of, transa euons closed, and in the vol
ullle of business. During the pa st
month the brokers closed SIG transac-
lions, involving a total of 1,IS0 lots and
parcels OF real estate. In Apri 19ll.
only G,j sales were effected, and but
'1,212 lots changed ownership.
New High Price.
Another distnctor attained ,.bv the
month Just closed vas the high mark
set for inside property on + street,
when S47.57 per foot was paid by Frank
walter for the. land which surrounds
the Westory building. at Fourteenth
and strccts. New marks fOT the year
were also set in the matter of the num-
tei of sales made In enc day and in one
week during April.
.rlie activity of the brokers during
the past week received greater re,
OF ln2 a total of 1871 sales were con,
sufnr1ate'i, Involving the ira nsfer OF 43l
.lots AMI parcels of real estate. This
,phenomtnal, business for six days has
.hcen eXccllei but rarely in the history
OF real estate operations in Washington;
Two days this week the years record
for a days business has been exceeded.
10th Monday and Yesterday the brokers
closed thirty eight transa ctions. The
business Of Wednesday was but little
below ibis, showing a total OF thirty so
sS sales AS maay Ts she
Thursday total was twenty-nne, anu
Saturdays twenty three.
o.. Suburbs Lead.
As bcflts the season, the largest num-
ber Of sales were in the outlying subur-
.tan sections, where Isl parcels OF
land were conveyed. In the near
iurhan district scvcnty-six lots were
transferred. Within the old city
limits, the northeast led this week with
,seventy lots changing owners. followed
by the northwest with flfty-siX lots sold
,There were thirty-fi"e lots conveyed In
the southeast and thirteen in the south
west.
icoyery this week from the depression
Experienced in the preceding week and
the figures nearly reached the million
mark Two large loans were recorded
each for $4,000. One was for deferred
purchase money given by Frank Walter
10 secnre Miss Margaret r. Harrison
on the purchase of the F street prop
,erty. The loan Is payable in five years
land bears interest at 41-2 per cent An
Unusual feature of this trust Is that
THE interest is payable monthly In in
stalments OF $500.
The other trust was recorded by the
Iowa Apartment House Company and
secured an issue Of bonds aggregating
l$t6o, 900 payable May l, 1892. The loan is
secured on the two apartments owned
by the company, the Iowa and the
lMendote.
The exact figures for the week in
1.-THE loan mark ct are 1854, 26S.57. borrowed
iof the security of 259 lots at an aver
faee interest rate of 1-2 per cent.
Straight loans had the call of the
market, showing an aggregate S277,
So1S The sum of all nots given for
deferred purchase money was $685.
p$s.29 The output of the building asso-
ciations totaled $S6, 45O.
' Northwest property was most sought
ias security for loans, and the total
borrowed on land in that section was
1881, ,27454. County property was pledged
,ior $191, ,910.B. The total of loans in the
iother sections were: Northeast, S1O2,
'p50: southeast, $56,35O and southwest,
!sl1,7S4.