The Washington times., 1913-02-22
REALTY BUSINESS
AGAIN IS ACTIVE
Brokers Close 1876 Deals in
Week, an Advance of Thirty
Over Previous Period.
SUBURBAN. PROPERTY LEADS
Money Market Also Shows an
Increase, With an Advance
of About S130,OOO.

A return of activity was noticeable
this week in realty operations. The
slump into which the market fell last
week was short-lived. Mondays bust
ness showed slight advanca, but on
Tuesday the high mark was reached in
the weeks transactions, when thirty
three deals were concluded. Although
this high figure was no. sustained, the
last three days of the week evidenced
a marked improvement over the daily
average of trades made in the preced-
ing six days.
The brokers succeeded this week in
closing 135 sales, an advance of thirty
trades over the business of the pre-
vious week This figure is only short
distance behind the operations of the
initial week of February. when 14S sales
were closed.
Transactions embracing a number OF
previous six days. As consequence
the volume of trading falls slightly be-
hind that Of last week. Included in the
operations of the past six days were 21
lots and parcels of real estate as COM
pared with 2s lots conveyed in the sec
ond week Of February.
Beats Ie1a Record.
The number of sales made this week
is slightly in advance of the number
closed in the corresponding week of
lsll This week has a margin of four
sales over the similar period of last
year. The. like week in 1911 witnessed
the closing Of only 113 sales as compared
with 135 deals completed this week.
Outlying suburban property continued
.ao< <1 In, fha nhnr af
tai Of ninety-five parcels changed own
ers in this section. The -near-urban
district returned to second place. hay-
ing a total of f1fty-four lots conveyed.
The northwest ran third with thirty
two lots transferred There was a
southeast sections, the latter winning
by one lot, having nineteen lots sold
to eighteen In the northeast. There
were three lots transferred in the SOUTH
west
The business section is absent from
the record of transfers this week. Not
one sale was reported within the area
devoted exclusively to business. Resi-
dence property, apartment houses and
unfmproved lots seemed to command
the entire attention OF realty pur-
chascrs.
Government Purchase.
The United States acquired during the
week the riparian rights for an extend
ca distance along the east bank of the
Anacostia river. The land is to be used
In connection with the reclamation work
which is now in progress under Gov
eminent supervision. The authorities
anticipated delay in connection with this
work, but have been aided by the action
of the owners OF land along the river
hank who have 1rafuitolIsly conyeyed
The money market also experienced
an increase this week showing An ad-
vance of about $4,000 over the busi-
ness of the second week of the month.
The exact figures this week in the loan
market were $476,09s.s4 This sum was
borrowed on the security of 1873 lots al
an average interest rate of Sc per cent.
Weeks Largest Loan.
The largest loan of the week was
made to Victor j. Evans on the new
Civil Service building at 1!2S F street
northwest The Fidelity Trust Com
pany, of Philadelphia, advanced $4,000
on the property through the Union
Trust Company, OF this city, The money
10 repayable in five years and bears
interest at "a per cent
The Evans loan aided the straight
loans to retain the lead Of the market
with an aggregate of s343. .S3S.94. The
output of the building associations was
$Ss, $50. The sum of all the notes given
for deferred purchase money was s636 GIL.
Northwest property was most in de-
mand this week as security for loans.
totaling S246, ,7S5 Land in the county
was encumbered to the extent of $685.
0S6-s5- The record Of loans in the oIher
city sections was northeast SS6, 1929
southeast. s25,625. and southwest, $500