The Washington times., 1912-03-09
REALTY ACTIVITY
WILL SOON ATTAIN
SYRINGE PROPORTIONS
Strong Demand Is Shown
for Property in Suburban
District.
NEAR-URBAN LOT
SALES NUMBER 81
Decline of $4,000 Noted in
Money Market for Week.
| Interest Rate Goes Up.

Favorable signs for an early spring
Poom in realty trading are seen in the
Increased demands for desirable prop
erty which have been made upon the
brokers during the past week. These
indications are also noticeable in a re-
View of the character of sales made
during the first week of March. More
than half the volume OF trading has
peen in property outside the old city
limits, and has been about equally d.
Nided between the outlying suburban
sections and the near-urban district, the
Former predominating at about the
proportion of to 4 in the number of
lots conveyed.
A comparison of the volume of bust
ness done by the brokers in the past
six days shows an increase of 20 per
gent over the total trading during the
FIRST week of March, 1911. In the num-
Der of transactions closed the past week
discloses daily increase of one sale
over the total number of sales consum-
mated In the preceding six days.
Suburban Activity.
In the 142 sales closed this week were
involved G26 lots and parcels of real
estate. The outlying suburban sections
led the market, with a total output Of
100 parcels. In the ncar-urban district
81 lots were transferred. Within the
CITY proper the northwest shows a total
of So lots conveyed. There were % lots
sold in the northeast, and q in the
southeast. Eight lots changed owners
in the southwest.
-Four deeds executed ten years ago
were filed for record yesterday. They
were signed by the late Thomas T..
a - & lT11l 4rt,..
Neycd an aggregate of thirty-five lots
In the subdivision known as Wesley
Heights TO katherine f. Malone. The
price Paid for the property at that time
was 5000. The sales were made for
default, but no explanation was given
why the deeds had not sooner been
placed on record.
A lease involving an aggregate rental
OF 100000 was closed yesterday when
Morris Stein took over the LeDroit
building as tenant of the Stilson
Hutchins estate for a term of ten years
at an annual rent of $4,000 Mr.. Stein
now occupies large portion of the
ground floor and will sublet the offices
an the building.
The demand for property in Petworth
which has taken on almost the proper
"A number of houses and building sites
were sold during the week and one
transaction closed involved twenty-one
lots. This latter sale was made by
IA
BURY to Clarence B. Hight. 1t is ex-
pected Mr.. Hight will improve the prop
erty.
Louisiana Avenue Sale
-, John II. Nolan sold during the week
premises at 400 Louisiana avenue north
west, directly opposite the Police Court
building. The consideration is not
stated, but Henry c. Freitag, the pur-
chaser, transferred to Mr.. Nolan twelve
lots at the corner of Seventeenth and
c streets southeast, which are supposed
to have figured as part of the deal.
Another important sale of the week
Involved six original lots at the corner
of Twenty-fotrth and NJ streets north
west. This extended area on both
Leary from Joseph Travers and other
owHors. The use to be made of the
ground has not been announced by the
purchaser.
There was a dearth of high priced
property among the sales of the week,
and but little activity was noted in the
business section. The sales closed, how
ever, commanded good prices, and the
brokers speak OF the BUSINESS of the
Opening week of the first spring month
as more than satisfactory.
Loans of the Week.
A decline OF $4,000 is noted in the
money market this week, the figures
volume of loars in the last week OF
February. The aggregate Of loans dur
ing the past six days is $lO3, 22S.S9. This
sum was borrowed on the security of
I221 lots and parcels of real estate. The
prevailing interest rate rose one point
this week, retaining to 90 per cent,
where ii had been for some time before
last week when il showed only 512 per
cent.
Straight loans led the market with a
total of 1924, 81. The SUM of all the
notes given for deferred purchase
money was $l33, 236.22 The output of
the bGlding associations reached ga, no.
County and northwest property was
IN almost equal demand us security for
loans during the week, the former WIN
ming by about 5000 County property
was pledged for SOS, 0S5. while the total
loans on land in the north We st was S222,
1850. The record of loans in the other
city sections is: Northeast, $27, 755i
southeast, $22, $50; southwest, s.. 40