The Washington times., 1913-06-14
THURSDAY BIG DAY
IN REALTY MARKET
Thirty.nine Deals Put Through
Then, But Week as Whole
Shows Decline.
SUBURBS LEAD IN SALES
Total Of s645, ,5O3,56 Loans,
Borrowed on Security of
281 Parcels of Land.
SUBURBS LEAD IN SALES

The record-breaking pace set by real
estate brokers in the initial week of
June proved too strenuous to be MAIN
tained this week. IN consequence, the
result o. the activities OF the last six
days shows a decline in the number IF
transactions closed from the high fig
ures of the first week of the month.
A falling-off of twenty sales from last
weeks record is due In large measure
to a noticeable slump IN sales in the
opening days of this week. From the
middle of the week decided improve
ment was noted. and on Thursday The
high figure for the week was reached,
being only two sales behind the best
days business of last week.
The closing of thfrty-nine deals put
Thursday in the first place in the weeks
schedule Of activities. Wednesday was
close at hand with thirty-eight trades
effected Friday witnessed the record
ing Of thirty sales Mondays business
was the poorest of the week. having
were contaminated twenty-five sales on
Tuesday and twenty-one on Saturdays
half holiday.
Decline In Trading.
A corresponding decline in the volume
Of trading as compared with the open
ing days Of June is seen in the records
of sales for the last six days. In the
16e sales effected this week We're In
Guided g77 lots and parcels of real es-
tate, while last week S55 lots We're in
cluded in the weeks total of 1S9 trades.
A glance at the record for the cor
responding week of June, 1919. shows
sales, involving 276 lots. A daily in
crease of one sale over last years rec
ord is disclosed by the comparison OF
the activity of the brokers this week,
although the volume Of trading is about
on a par.
Despite the continued GOODNESS in the
weather, the call of the suburbs is being
felt in the record of sales. The outly-
ing subdivisions are well in the. lead
II the weeks sales. having to their
credit about 40 per cent of the deals
made. There were conveyed 104 parcels
in this section and seyenty-six In the
near-urban district The northwest ran
a good third with sixty-eight lots rams
ferred. There were fourteen lots sold
In the northeast. ten in the southwest,
and five in the southeast.
Business Property Sold.
Business property figured more exten-
sirely in the weeks operations than has
The largest transaction involved $l5o.000,
the price said to have been paid Frank
Walter for premises 1216 street north
west. occupied by Smoot & Jeliffe. The
.
The property fronts thirty-three feet on
F street and has depth of $50 feet,
and at the price figures about $50 per
foot
Wurdeman conveyed to Emma J. Wal
ter, wife of Frank Walter, premises
il6 Eleventh street northwest at a val
uation of $4,000. Two other properties
almost adjoining figured in the weeks
sales. The Munsey Trust Company, as
trustee appointed by the District Su-
preIne Court, conveyed premises 40 and
~ Eleventh street TO Martin A. Leese
for SS2.0oo Another business site d.
rectly opposite changed owners this
Charles s. Lusk. trustee, house number
AZ Eleventh street northwest.
The property at 10 Tenth street north
west figured twice in the weeks sales.
John M. Davis, trustee, sold the prop
erty to James I. Marshall, who in turn
conveyed II to the Washington Invest
nnent Company.
wardman Make Sales.
Harry wardman during the week sold
the store at 4l3 and as Ninth street
northwest to George and Andrew de
Geofroy. Of Paris, for price reported
to be s65. 600. AS part consideration Mr..
wardman acquired vacant lot of
ground on r street northwest, between
Sixteenth and Seventeenth streets. hav-
lIf6 q lIOul6Sc VI luo-ol lccl Ou SllccA,
and valued at s25, 900. Mr. Wardman
probably will erect a large apartment
on the site.
Loan Total $645,5o3.s6.
The loan market about kept pace with
the weeks trading. The exact figures
were se45, ,5G3-56. borrowed on security
of 81 lots, at an average interest rate
of Sc per cent
Straight loans had the lions share of
the business, reaching an aggregate of
S401,87l0. The sum OF all the notes
given for deferred purchase money was
s15l. S2.0s- The building associations ad-
venced to members $9l, 500.
Land in the county was most favored
as basis for security. totaling $685.
1I5-23. Northwest property was encum-
bered to the extent of s22l, 1898. The
record of loans in the other city Sec
tions was, northeast. 90, ,165; southeast.
SO 100, and southwest, $3.50.
Rm,on lnooo Dnooo -