The Washington times., 1913-03-29
REALTY BUSINESS
TOTALSSlo,OOO,oOO
Greatest Activity of Quarter
, Shown in March, When All
Deals Reach S4,250,0O0.

Investments in local real estate for
The first quarter of 1913 ending March 81
tMon6ays business being estimatedD
reached total in excess of slo,e 600
This sum includes the considerations
for realty purchases, and loans made on
the security of real estate in the first
three months of the year.
The largest business of the quarter
was done in March, when investments
reached an aggregate of S4,250,0o0 jan
Cary was in second place. with a total
Of 1880. 600 invested. February's invest
Ments totaled s., ,S00,000.
Realty activity in the present month
exceeded that of March. 1912, in the
number of transactions effected The
current month witnessed the closing of
Sic sales, while only SIS deals were put
through in March OF last year. The
volume of trading this month is be-
low that OF the corresponding period
OF 1917, showing 1913 lots conveyed as
compared with 1864 lots transferred i'm
March. 1872. Investments in the frs;
spring month of 1872 aggregated $3.50
geo. there being more transactions of
high-priced property included in the
early spring trading last year.
The pace set by the brokers in the
st1lrd week OF the month proved too
strenuous to be maintained this week.
The past week WAS sixteen sales behind
the preceding week, but IVES in advance
or the activity shown in the first and
past six days the brokers succeeded in
ciostng 167 sales, in which were in
tate.
Suburban Property Leads.
Suburban property continued active
and easily maintained the lead of the
market during the week. Eighty-seven
parcels of land changed owners in that
section The near-urban district was in
second place. with total of sixty-eight
lots conveyed. The northwest ranked
third, having sixty-two sales to its
credit. There were eighteen lots sold
in the southwest, sixteen In the north
east and nine in the southeast.
Business property did not figure very
prominently in the sales of the week.
The largest transfer noted on the
record involved the Fredonia Hotel
property, on H street northwest be-
tween Thirteenth and Fourteenth
streets. This building was transferred
from Alvin G. Belt to Robert Lee
OBrien. The consideration was not
stated, but the conveyance was subject
to trusts aggregating $l71,0oo.
Two transfers were made of Thir-
feenth street property during the past
SIX days Charles ]. Butler bought
from Katherine j. Falconer' premises
sN Thirteenth street northwest and
John ]. Smith became the owner of
mouse No. SA Thirteenth street by pur-
chase from BENJAMIN F. Crawshaw
Among the apartments conveyed this
week were the Newport. on Florida
avenue between Twenty-first and Twen-
ty-second streets, and the Analostan. at l
NOS. 11l8 to 1722 Corcoran street north
west Mrs. Katherine ]. FaIconer
oought the Newport, and Augusta c.
0rossart was the purchaser of the Cor
ccran street property.
Increase In Loan Business.
"A decided increase is noted in the loan
business during the declining days of
March. An advance of more than 60
per cent Is apparent in a comparison Of
the loans Of the week with the previous
six days business. The exact figures for
the last week OF March were SSS5. la 62
This sum was borrowed on the security
OF "a lots, at an average interest rate
OF 6.6 per cent.
straight loans were well in the lead
or the market, with q total of S677 gag %
The sum OF all the notes given for de- |
1efred purchase money was $13,5N. 10 |
Bulding associations advanced to MEM
beTs 81, 300
Northwest property was most favored
when loans We're to be made. Land in
snas section was offered as security for |
TOR an aggregate Of $3.50, ,0ss.62. The rec
ord OF loans in the other city section |
was. southeast, A9, 500; northeast. $40 $50: |
and southwest $500