The Washington times., 1912-06-29
INCREASE SHOWN
IN REALTY DEALS
FOR FISCAL YEAR
Nearly Nine Thousand
Transactions Recorded
y For 1912. ..
GAINS RECON.cD IN
NEARLY ALL MONTHS
Week Just Closed Has Been Best
OF the Month-Real Estate
Transfers.

That nearly 5000 transactions in
real estate were effected during the
fiscal year 1912, which ends today,
is shown by an examination of the
records of the office of the recorder
OF deeds The records also diclose an
Increase of about 800 transactions
over the business of any previous
fiscal year in the history of the office.
These figures apply only to deeds
or actual conveyances of land When
the figures for the volume OF busi-
ness done during the fiscal year in
the recorders office are viewed, 1t is
discovered that 26,13S papers have
been filed for record. This number
Is over 900 in excess of the fiscal
year 1911, which had held the high
mark for the office business.
me number Of papers filed this
month with the fiscal year 1911. In
most of the months substantial in
creases are noted. The record by
July. IS iii. 2,ois papers: @ August. ZOOS;
September. 2,016: October, 2,4s0; No
vember, $3.50; December. 2.lSS: jan
%aTch %Snry 1si s a," apr FssG9aSy gssc May 1885, ss
and June 2,1sf.
1uClcdSc SHOWu.
A computation of Il the volume of
trading for the month of June re-
veals an Increase Of 400 lots and par
cells of realty over the business trans
acted In June, 1911, although the
number of transactions closed this
month Is forty-two behind the sim
liar period of last year. The month
just closed saw 6S3 sales made. in
O
estate.
Investments for June, 1912, are
slightly in advance of the previous
June. The total invested in the pur
chase of and loans on real estate this
month was $5.25o,0o0. Last June in
vestments totaled $5.0O000o.
The week Just closed was one of the
best of the month. The brokers sue
ceeded in closing 1856 sales, in which
were involved the transfer of 4s7 lots
and parcels Of real estate. In the mat
ter of loans the weeks business took
precedence for the month. the figures
for the past six days exceeding the
sales involving high priced property
were effected and the brokers are, much
encouraged in the hope that the Spring
activity will continue we'll into the
summer season.
AS befitting the time of the year the
greatest activity this week was in the
outlying suburbs, where 29S parcels
changed owners. The northwest ranked
next with seyenty-seven lots transfer
red, and the near-urban district came
third with sixty-three sold. In the
northeast, thirty lots were conveyed,
east was in last place this week with
sneven lots sold.
Buys Property.
The George Washington University
yesterday closed the purchase of the
property at 2019 G street northwest,
which 1t has been occupying recently.
The property was the former home Of
st. Roses Industrial School and had
been bought by Thomas H. Pickford,
who rented to the university. The con-
sideration in the sale from Mr.. Pickford
to the university Is given as S37,50O, Of
which 5000 is paid in cash. A loan Of
$22,500 was secured through the Riggs
National Bank. and Mr.. Pickford took a
second trust for $4,000. Both loans are
payable in five years and bear per
cent interest.
Quite a number of large loans were
made during the past week and aided in
swelling the figures of the money mar
ket to $1,021. SO. This large sum was
borrowed on the security Of 655 lots at
an average interest rate of 5h per cent.
Straight loans had the lions share Of
the weeks business, showing total
OF $3.50, ,35l2S. The sum of all the notes
given for deferred purchase money this
week was $lS2, ,332. SO. The building asso-
Citations advanced to members $l19 900.
Property in the northwest was most
sought as security for loans. On prop
erty in this section was borrowed $510,-
925. County property was a close second
with a total of 3+61, ,420.03 The record
of loans in the other sections was:
Northeast, 200; southeast, 5000. 80;
southwest, $8,64S.