The Washington times., 1913-01-04
REALTY RECORDS
BROKEN BY SALES
MADE IN LAST YEAR
Total of S62 100000 Is
Paid in S,077 Big
Deals.
MONTHLY AVERAGE
FIXED AT 5000, 600
December Transactions Prove to
Be Unusually Good, De-
spite Handicap.

Last year was a remarkable one in
local realty operations. Not only were
there effected the two largest sales of
real estate in the city's history, but the
total investment in the purchase of and
loans on property reached the unpre-
cedented figure of $4,000, ,OO0-establish-
ing a monthly average of more than
S5.oooO0o
The investments excelled 1911 by
trifle more than 100000. In the num-
Der of transactions effected and in the
volume of trading. 1912 is behind its pre-
decessor. During the last twelve
months S,077 sales were consummated.
involving 16,4e9 lots and parcels of real
estate. The previous year witnessed the
closing of S,221 sales in which were in
eiuded 17,2s9 lots and parcels of realty.
In the office of the Recorder of Deeds
1912 surpassed by 1I3 papers the total
recordation of any previous year in the
annals of the office A total of 1920
papers were received this year as COM
pared with 26,lo7 in 1911. which had been
the banner year in the office. The
record by month"; this year shows jan
uary, 900 papers; February, 1886:
March, 2.256; April, ESQ; May, 2,3SS;
June. 2,1SS; July, 2.246; August, 2,O04;
September, 1874: October, 2.713; Novem-
Der. 2,27o, and December, 1880.
Deals In December.
The sum Of s5,0OO,O0o represents the
amount invested during December in
the purchase of and loans on real es-
state. The past month saw 627 transac-
tions closed in which were involved 955
lots and parcels of real estate. Despite
two weeks of inactivity the showing for
the last month is creditable. The total
Investments for the past Year by
S.5ooooo: March. $3.50 600; April. $1,000;
May, s5,0p1000; June. s5,250,Ooo: July, So
$1,000; August, s4.0oo00o; September. 81
10000: October. s6.617,O 600: November,
2-500000. and December, 100000.
The two highest priced sales of 1912
involved the Southern building at
Fifteenth and III streets northwest, and
the Arlington Hotel at Vermont avenue.
III and i streets. At the reported price
Of 100000. or at the valuation by the
assessors. of sl.554,000. the Southern
building takes first place in the record
OF sales of 1872 The Arlington site sold
when improvements are completed will
represent an outlay of six or seven mil
lions of dollars.
Other Big Sales.
Other large sales in the business sec
property at Tenth and F streets. bought
by Abraham Eisenberg, of Baltimore,
for about $4,000; the Hotel Mortrose,
at Fourteenth and H streets. bought by
Z. E. Jordan for sl75.oOO; premises 1915
and 1877 H street. sold for s25OOOo to
Emma Walter: the Ohio Bank building.
at Twelfth and G streets, for $50 Ono,
and 705 and 707 Market space, at the
same figure. traded by Emmons s
Smith and James sharp. A considera-
lion OF $4,000 figured in the purchase
OF the old Hotel Johnson, at Thirteenth
and E streets, by Charles Pacobsen.
Among the sales OF the year at or
around the 100000 mark were the Euui-
table building, at 1908 + street. purchased
BY woodward & Lothrop; the Hotel
Elsmere i'm II street. just west of Four
ieenth street. bought by Secretary of
the Navy Meyer; stores 720 to 724
Seventh street, sold to Melvin Behrends
for 100000 in cash by a court trustee
snd a portion of the old Malone lot at
First and NJ streets northeast, sold to
q Virginia corporation for s112, ,424 90 |
Close to this figure We're the sales of
the property at Thirteenth and streets
10 the Young Women's Christian Asso-
citation: 1922 to 1896 G street northwest.
tC Miss Shoemaker: premises SOC Ninth |
street and 903 r street, to Elias Heiden- |
heimer, and 11Ii G street, to Hugh |
Wallis |
Make Hundred Deals.
The brokers succeeded in closing an |
even hundred sales in the past five |
Gays, the week being abbreviated by the |
holiday of New Year day and the half |
holiday on the eve of the festival. Yes |
1crday was the busiest of the five days |
the brokers closing twenty-six sales. !
Thursday saw twenty-five deeds record |
cd and twenty-four sales were made on !
Monday On the half-holiday of Tues |
day only fifteen sales were closed and |
saturdays short day witnessed only /
ten sales.
Involved in the weeks trading were
iI3 lots and parcels of realty. The north
vest returned to the lead of the mar
lIet, place II has not held for many
weeks. II had forty-nine lots TO its
credit The outlying suburban section
was In second place with forty-two par
"els sold. There were thirty-three lots
conveyed in the near-urban section. The
IiIree other city sections were grouped
Cnly one lot separating them. Seven
lots were transferred in the southeast,
six i'm the southwest and five in the
northeast.
A new record was established this
week in the money market where the
total of loans reached 81, ,79S. .421.6o AS
security for this sum 2ls lots were en-
numbered. The average interest rate
WAS 5-5 per cent.
New loans predominated this week
showing an aggregate OF s1.7I4, 81.
The sum of all the notes given for de-
ferred purchase money was S57.72S8 8.
The output Of the building associa tions
reached s26, 400
The northwest far outstripped it's com
petitors as the most desirable security
this week. Loans I'm this section totaled
81 So. .9Sl.S2 County property was en-
numbered TO the extent OF S13l, $50. 49,
The record of loans in the other city
sections was northeast. $500: south
cast, s.. 40. and southwest $3.50
Real Estate Firm