The Washington times., 1913-09-06
REALTY TRADING
STARTS OFF WELL
September Business Opens
With Average of Twenty.
one Deals a Day.
PROSPECTS ARE BRIGHTER
Loan Market Does Not Keep
Pace With Rest-S285,214
Amount Placed.
PROSPECTS ARE BRIGHTER


age Of twenty-one transactions and
the closing of sale involving $4,000
the first week of September gives
promise Of a successful launching of
the fall season in real estate. Despite
the abbreviat:on Of the week due to
the Labor Day holiday ard the con-
tinued summer-like weather the brokers
were able to make showing in the
volume of trading which compares IA
vorably with the beginning of the fall
business in 1911 and 1912, two Of the
best years in the history of operations
In local real estate.
During the last five days the brokers
closed los transactions in which were
involved 200 lots and parcels OF real
estate. The initial week Of last Sep
tember witnessed the completion of liz
trades comprising Only lso lots: Sep
contaminated, IN which were included
100 parcels of real estate.
Trading IN the last week displayed
marked improvement. over the opera
In the five working days of September
there were sold fifty more lots than
in the last six days ot August. This
advance in activity encourages the
brokers in the belief that the market
is to recover shortly from the depres-
sion which characterized it last month.
House-Hunting Now.
Beginning with September house-hunt-
Ing is usually in order and prospec-
dive purchasers. whose Thoughts have
been on recreation bent in the last three
months, are now considering the mat
ter Of relocating the household goods.
Increased inquiries as to when new
houses in course OF erection will be
49, no.,
certain notions and varying conditions
of purses may be secured. are being
reported by the brokers.
Last Wednesday the brokers COM
pleted thirty-one trades making the best
showing for the week. Thursday was
close at hand with twenty-seven sales
effected. Friday saw twenty-five deals
consummated. There were fifteen sales
made on Tuesday and ten on the hail
holiday Of Saturday.
AS becomes the torridity Of the wealth
er, suburban property continued to lead
the sales market. 4 total Of sixty-fve
parcels changed owners within this
area. The northwest was a good sec
ond. having sixty lots to its credit. The
near-urban district ranked third with
forty-fve lots conveyed. AS many as
nineteen lots were sold In the northeast.
seven In the southeast. and four in the
southwest
GiIlett Buys Home.
Congressman Frederick Fl. Gfllett was
the purchaser of the highest priced sale
effected during the week. He paid
$lio.oOo for premises 1903 H street north
west to the Fidelity Trust Company.
acting as trustee for the estate Of Titan
]. Coffey. Mr.. Gillett paid 81. .ooO in cash
and gave a trust for $s5,0N for the de-
ferred purchase money. The property
is about tuenty-siX feet front on H
street and has depth OF $50 feet. No
announcement has been made as TO any
contemplated Improvement of the prop
erty.
The McCamman home. at 1858 Con-
necticut avenue northwest, was bought
this week by Or. A. Rhett Stuart. The
price paid has not been made public
house 2li2 Wyoming avenue. sod by
Jchn II. Nolan TO William 9. Brent
ley. John H. CLANCY purchased frem
Clarence F. Nerment lot on r street
Fifteenth streets. and Elsie T Boehmer
bought premises AL O street northwest
In the northeast section an inter
estipe sale was effected YESTERDAY
Robin bought from John s:rivener
two vacant lots on Staunton square. re-
tween Fifth and Sixth streets. The
new purchase, II is understood, is to he
the site of a handsome motion picture
theater.
Loan Market Lower.
The loan market did not keep pace
with the Improvement In sales The
exact figures in The loans of the week
are sss5.sli12 This sum was borrowed
on the security OF IN lots at Rn aver
age interest rate Of So pe- cent.
Purchase money trusts outdistanced
the other forms Of loans this week. dis
playing an aggregate of sls4.ssiI! The
total OF straight loans was SIS go willie
the output Of the building associations
was Ss5. 400
Northwest propertv led the market.
furnishing securitr for a total cf sl;a.-
$50 In loans County property vas en-
numbered to the extent OF s'e4.S34 12
The record Of loans In the other city
sections was: Northeast, sl6loo: south
east sl5.3o0 and southwest $3.50