The Washington times., 1912-07-06
TWO NEW RECORDS
ARE ESTABLISHED
BY REAL ESTATE
Many Transactions Complet-
ed and High Mark for
Day Achieved.
SUBURBAN LOTS
ARE STILL ACTIVE
Eighty-Six Places Are Sold In
Outlying Section OF
City.

Two new records for 1912 In real
estate activity were established in
the first week of July. A new high
mark for a days business this year
was hung UP last Wednesday when
the brokers succeeded in closing for
ty-six trar sactions. an advance of three
sales over the highest mark hereto
fore attained in 1912.
The second record reached was the
completing of 1e2 transactions in an
abbreviated week-broken in the mid
die by a holiday. This latter achieve
ment shows a sustained daily average
of thirty-two sales throughout the
five working days of the week.
This short weeks record of sales is
only four below the number closed
in the last week Of June with six days
in which to operate. AS compared
with the activity of the opening week
in July. 1911, an increase of nearly
40 per cent is noticeable. During the
first week of July 1911 oHy 11S sales
were effected.
Increase in Trading.
The volume of trading this week al
30 shows material increase over
the number of lots sold in the first
week of last July. The figures show
2l7 lots sold in 1911 and 294 included
in this weeks operations.
Wednesday was not the only busy
day this week among the brokers.
Yesterday was crowding 1t to some
extent when forty-one sales were
placed on record. Tuesdays record
shows thirty-five sales closed, while
twenty-three were effected on Mon
day and seventeen on Saturday.
With the transfer Of several business
blocks, the sale OF an entire square OF
ground in the northeast, and the ue-
mand shown for residence property in
all sections of the city and county, the
month of July opened most auspiciously
for the realty brokers. The activity
was not confined to the sales depart
ment and loans were active. The la
ter sustained daily average of $l25,OOO.
Suburban Activity.
Suburban property continued in great
est demand, although it took a recount
to establish Its superiority this week
over the near-urban district. Eighty
six lots were conveyed in the outlying
suburbs. and eighty-five in the district
contiguous to the old city limits. The
northwest ranked third with fifty-oue
lots transferred, while forty-eight lots
were sold in the northeast. Fourteen
sales were effected in the southeast and
ten lots sold in the southwest
Among the chief sales of the weeh
were the DeMoll building at Twelfth
and G Streets the Hood building at 60.
F street northwest, and the premise:
at 914 and 916 f street northwest.
Almost an entire square of ground
lying between l. and NJ, Third anc
Fourth streets northeast was sold Ey
Isidore Saks to Barbara NJ. Graf TDt
consideration Is not named.
NJ Col cod hn 10 al htIil ~
ing at Twelfth and G streets northweS
from Frank Walter, who acquired Il
only a few weeks ago. The price pait
Is not made public.
Bowling Alley Sold.
In the purchase by the Merchant!
Transfer and Storage Company OF Al
the real estate owned by the Palac,
Bowling ond Amusement Company Il
Included premises 914 and 916 Z stree
northwest. adjacent to the storag,
warehouse Of the Merchants Company
A portion Of the property is now oc
cupied as a bowling alley and was for
merly known as Marinis Hall. where
many residents of Washington learned
their first terpsichorean steps unde
Prof. Marini, a prominent dancing mas
ter of former days. The consideration
for the entire sale was $35, 5,000.
The Hood building was sold at auc
ton for $4,000 and bought by Clarenc,
F. Norment, who was able to secure
loan for that amount on the property
The exact figures in the loan marke
during the five working days OF tn
week were $625, ,397.77. total of 245 lot
were encumbered to secure the repay
nent Of this sum which was borrowed
at an average interest rate of 5h pc
cent.
Loans of Week.
Straight loans constituted the bulk o
the weeks business reaching an aggre
gate Of $780,, ,S34. .36. The sum of all tn
notes given for deferred purchase none
was S143 663.4l. while the output of tn
building associations was 1884, 400.
County property was also In most de
mand as security for loans far surpass
ing the northwest this week. The tota
borrowed on county lands was 1905, ,S54 n
while only 1924, ,673O6 was borrowed o
property in the northwest. The recor
Of loans in the other city sections wa
Northeast, $62, 800 southeast, s26, 81
and southwest, 5000
CONNECTICUT AVENIIE