The Washington times., 1913-03-01
FEBRUARY REALTY
SALES BELOW MARK
Total investments Half Million
Below Figures Recorded in
the Previous Month.
CLOSING WEEK PROVES BEST
h-Priced Business Property
and Residences Are Sold
at Excellent Terms.
CLOSING WEEK PROVES BEST

Realty transactions in February
show an increase of IL per cent over
tho number of sales made in the in
itial month of the year. The volume
of trading, however. owing to the
scarcity of sales involving large
Numbers of lots dropped considerab bly,
below that of January. The total In
vestments during the past month were
a half-million dollars under the fg-
ures of the preceding month.
Real estate investors put s2.sO0.000
into the purchase OF and loans on
property this month as compared with
S3,300.0ee in January. The brokers
Succeeded during the twenty-three
working DAYS of February in closing
5oI sales, sustaining daily average
of twenty-five transactions. involved
in the operations of the month were
s45 lots and parcels of real estate.
Although ranking third of the
weeks OF February in the number of
sales effected. the closing week was
easily the class" of the month.
While there were only 1e4 sales made,
many of them were Of high priced
property and several transactions in
vclved considerations approaching
the 500, ,o00-mark. A total of 1888
lots were included in the weeks
business.
Columbia Hotel Sold.
The principal aisle of the week IN
the business section involved the Co.
lumbia Hotel at 1415 Pennsylvania
avenue northwest, bought by Henry
II. Hazen from Mrs. Jessie c. Cugle
and Mrs. Kate ID. Owen for $4,000.
Premises s33 6 street northwest was
sold by Mr.. Hazen to George L. q. A.
fer neary ans The
brothers sold TO Mr.. Hazen the large
vacant lot at Ninth street and Rhode
Island avenue for about $4,000. Mr..
HaEen transferred the title to the
latter latter purchase TO Allan Mci.ane
Other properties in the business area
Hguring in the record of the weeks
transfers Included So Louisiana ave-
nue. northwest; so9 H street northwest,
sl4 / street northwest S19 Thirteenth
street northwest, s006 Fourteenth street
northwest, and 1909 Fourteenth street
northwest
Among the high priced property
changing owners during the week
were two apartments sold by Harry
Wardman on R street northwest, be-
tween Fourteenth and Fifteenth streets
and the Woodford apartment, at Third
and e streets northwest. Of the two
apartments sold by Mr.. Wardman, the
one on the corner of Fifteenth and
streets was bought BY Mrs Gugle. who
owned half interest in the Columbia
Hotel property which she sold this
week. The purchaser of the other
Wardman apartment was Clarence +.
Norment. The National Investment
Company took the title to the Wood
ford by conveyance, from Adolph ].
Schippert.
Suburban Sales Lead
The outlying suburbs remained an the
lead of the market this week with
eighty parcels changing owners there.
The near-urban district ranked sec
ond, having fifty-two lots to its cred
it. The northwest was in third place.
with thirtyone lots transferred. There
were twelve lots conveyed in the north
east, nine in the southeast, ard FIVE in
the southwest
A decline of SI0o6O3 is noticeable in
the figures of the loan market this
week The total loaGs for the week
WIS s369, ,0s5.2s. This sum was borrow
ed on the security of l62 lots al an av-
erage interest rate cf Sc per cent.
StraiGhT loans are AGAIN found in the
aggregate of Sl9s.19l.IS. The sum of
all the notes given for deferred pur
chase money was Sl3-. $3.50. The build
ing associations advsnced to members
S36.3Ge.
County property suDerseded the north
west, this week as the choice for loan
security having a total OF $50. .0iS55.
10 the extent of sl44, 1913. The record
OF loans in the other cit: sections was:
southeast. $3.50; nor beast $500. and
southwest $500.