The Washington times., 1913-05-03
REAL ESTATE BOOM
SEEN DURING APRIL
Total of Investments and Mum.
ber of Transactions Exceeds
Previous Months.
LOAN MARKET is DEPRESSED
Few Business Properties Change
Hands in Last Week, But
Lots Are Sold Readily.

The month of April took precedence
ir the total of investments made in
real estate, but also in the number of
transactions effected by the brokers.
In the volume Of trading April did not
equal the initial month of the year.
During the last month there was in
vested In the purchase of and loans on
real estate a total of s5,s25,0oo. These
figures show an increase OF more than
81 ,500, 900 over the investments in March.
which had been the best in the first
quarter of 1918. The total investments
for the preceding months were January,
ss.a0.ooe: February, $500, ooo and March.
An advance Of more than 25 per cent
was shown last month in the number
of sales made by the brokers as COM
pared with the activity of March. More
than 50 per cent increase is noticed
over the number of trades made in
February and of 20 per cent over that
Of January. The last month witnessed
the closing of 7N sales, as compared
with 6l6 in March, 507 in February, and
<5S in January.
The volume of trading, however, was
greatest in January, when LESS lots
and parcels of real estate were sold.
A total of 1883 parcels changed owners
l6ft AsVso <hdiNh anu Sdo Ah
February.
Last Week Second Best.
The last week was the second best Of
the month for realty operations. While
only one more sale was effected than
In the previous six days. the volume of
trading showed an increase of 80 per
cent over last week. The opening week
of April proved to be the best OF the
nicnth. During the past six DAYS the
brokers succeeded in closing $50 tran
sactions. involving 40 lots and parcels
of real estate.
The business of the week was rather
evenly distributed. The largest num-
Der of sales was closed on Wednesday,
when thirty-one deeds were recorded.
There were twenty mine sales on Thurs
day and Tuesday were tied, each hav-
ing twenty-six deals to its credit There
were twenty trades completed on Satur-
days half-holiday.
The transfer of 115 lots in the subdivi-
sion OF Manor Park was largely respon-
sible for the return of the outlying
suburban tracts to the lead of the mar
ket with a total of ei3 parcels conveyed.
The northwest was in second place in
the weeks trading. with seventy-two
lots transferred The near-urban dis
trict ranked third. having fifty-six lots
sold. There were eighteen lots sold in
the northeast, seventeen la the SOUTH
east and four in the southwest
Several Business Properties.
While the sale Of high-priced property
played no important part in the week 8
activity. there were several sales within
the area devoted to business operations
Probably the largest sale of the week
involved the three stores at Gil, 613 and
SIS Twelfth street northwest. Hugh
Wallis acquired these properties. which
adjoin on the south his extensive hold
inEs. reaching TO the corner of G street
and running some distance down that
thoroughfare. There is a rumor that
Mr.. Wallis may cover his entire hold
ings with hotel building but the pur-
chaser has not taken the public into his
confidence as yet in regard to his plans
for improvement.
Randolph T. Warwick yesterday
bought premises l00s street northwest
and Annie E. Mcqueen took title to
premises SIG Tenth street northwest
The considerations are not made public
Two properties on i street northwest
between Twelfth and Thirteenth streets
also nguerd in the record of transfers
this week. Premises 12l7 was purchased
by Frank KohImann from the Crane
Company and by him transferred to
William I. Ballard, trustee. Louis p.
Krey bought 1211 from Thomas Sampson.
Loan Market Depressed.
The absence of bond issues and loans
of large denomination was felt in the
loan market this week. The total of
loans reached only s5ls,s76.z5. This sum
was borrowed on the security of 2O3 lots
at an average interest rate of Sc per
cent.
Straight loans continued I'm the van Of
the market with an aggregate of S3l4-
SEA The building associations ad-
vanced to members s112,2oO. The sum
of all the notes given for deferred pur-
chase money was s9l 6li21.
Northwest property was most favored
as basis Of loan security this week.
The total Of loans in this section was
S34s,1 County property was encum-
bered to the extent of s2120lL45. The
record of loans in the other city sec
tions was: northeast, S33 80; southea ST.
$40 6O0. southwest 81 10