The Washington times., 1912-08-24
Weeks Showing Is Good
and Brokers Express
Satisfaction.
LARGEST TRANSFER is
AT CHILLUM CASTLE
Nearly Four Hundred Lots In
volved in Deal-Money
Rates Are Easier.

Satisfactory is the term most fire.
quently expressed by the brokers this
week>in response to inquiries for their
opinion of the real estate business of
the past six days. The expression of
opinion is borne out by the record of
transactions and the volume of trading
INDUCED in during the third week Of
August.
While the number of transactions does
not approach the record breaking fig
ures of last week, 1t exceeds the &C
tivity of the first week of the month
In the volume of trading however-that
is in the number of lots and parcels ip-
cluded in the transactions-the past six
days more than doubled the figures for
last week and exceeded by 367 the num-
Der of lots sold in the first week of
August. This weeks figures also excel
the total of the two preceding weeks.
Many Lots Change Hands.
There were 151 transactions closed by
the brokers this week in which were in
volved 592 lots and parcels of real es-
tate. During the week the brokers sus-
tained a daily average of twenty-five
sales. The trading throughout the week
was nearly uniform, most of the days
nesday was the banner day of the week
having twenty eight sales to its credit.
On Monday twenty-seven sales were ef-
fected, and twenty-six sales each were
closed on Thursday and Friday. tues
days business was the poorest or the
week. when only nineteen transactions
We're recorded. Saturdays half-holiday
saw twenty-five sales closed.
The outlying suburban section fur
nished three-fourths of the volume Of
fraI IN haI ~
the salesrecorded. The near-urban dis
trict was in second place with sixty
five lots transferred
The northwest led the city sections
in the weekly sales with forty-six lots
conveyed. A dead heat was run by the
northeast and southeast sections this
week. each having fourteen lots sold to
its credit There were but two sales
recorded in the southwest.
One Big Transaction.
A total of nearly four hundred lots
We're involved in one sale recorded dur
ing the week in the subdivisions called
Chillum Castle Manor and Stotts Park.
Asher Self and Edward F. Colladay,
trustees. conveyed the lots to Joseph
Stein. who in turn transferred them to
Emanuel NJ. Berkley, william P. Mey-
ers and William T. Mcmillan, trustees.
The largest sale in the business sec
lion was tne transfer OF premises Slo +
street northwest. for many years the
business office Of B. H. Warner & Co.
and their successor. the Swartzell,
Rheem and Hensey Company. The
Warner. who sold to Helen r Seibold
and Katherine Beller. The considera-
tion given was nominal only.
The large building at 312 Thirteenth
of the Thomas somervile Company.
plumbing supplies, was acquired by the
company during the week. The title
was held by the American Security and
Trust Company in trust for an estate
and the price paid was $25,750.
Another property in the business Sec
ton sold this week was premises All
street northwest. the northeast corner
the Pension Office. William B. Lord
who recently purchased the interest OF
the heirs of his sister in the property
transferred the whole title to Marie
Kloczewski. The consideration Is not
made public.
Sale of I Street Residence.
An important residence sale in a Sec
tion rapidly giving way to the encroach-
ment of business involved premises lila
street northwest. The property was
owned by Georgetown College and was
bought by Horace H. Westcott While
the price is rot mentioned, Mr. West
cott arranged for the extension of the
time of payment of $1,000 out of a loan
Of $4,000 placed on the property some
time ago.
There was a slight decline this week
In the amount of money involved IN
loans on real estate, as compared with
the record of last week, although excel.
ling the figures for the~ first week OF
AUGUST. The exact figures for the
weeks loans We're $427.394.02 borrowed
on the security of 551 lots.
Money appeared to be easier this week
as evidenced by the fall Of one point ir
the interest rate The average rate TO,
the week was Sc per cent
Straight loans furnished the Hons
share of the weeks business, having q
total of S296. .07207. The sum of all the
notes given for deferred purchase money
was $3,271.95. The output of the build
ing associations was $4SO50.
County property was most favored az
security for loans this week, an aggre
gate of $245. 460.25 being borrowed or
property In this section. The northwes
ranked second with $1OS, ,SOS77 The rec
ord of loans in the other sections was
Southeast. $35 $50: northeast S22 415 q n1