The Washington times., 1913-03-15
TWO OLD REALTY
RECORDS BROKEN
Spring Trading Shows Increases
Over First Weeks Business
of Present Month.

Spring trading in real estate began in
earnest this week. The new records
for 1913 were established. More trans
actions were closed than in any pre-
vious week this year. and in complet-
ing forty deals on Wednesday the
brokers did the best days business of
the year. A total of 161 sales were con-
summated, showing an increase OF
more than 50 per cent over the activity
Of the first week of March.
Compared with the second week OF
March, 1872 the result of the work or
the brokers during the past six days
shows an advance Of 20 per cent. Realty
ACTIVITY did not start last spring until
While Wednesday, with its forty sales.
was the banner day of the week. selling
did not fan below twenty daily, with
the exception of the Saturday half
closed. Thursday saw twenty,nine
sales effected; twenty-six were made on
Tuesday, twenty-five on Monday, ana
twenty-five on Friday:
The volume of trading this week,
nearly kept pace with the increase in
the number of sales. There were Sl6
lots and parcels of realty included In
the weeks business as compared with
1S3 in the first week of March.
Northeast In Second Place.
More than half the trading was in
the near-urban district, where 16l lots
changed owners. There was increased
activity In the northeast section, which
secured for ii the second place in the
weeks activity with total OF flfty-
nine lots sold. The outlying suburbs
dropped to third place this week. There
were fifty-five parcels transferred IN
that section. The northwest ranked
fourth, having been the scene OF
thirty-nine sales. There were thirty lots
conveyed in the southeast and twenty
two in the southwest.
Two properties in the downtown pusi-
ness section changed owners this week.
Edward w. Dom. jr., acquired an addi-
tional frontage on G street In the pur-
chase of premises 9l5 G street north-
west Harry l. Rust bought a house
on Twelfth street northwest, between
G and II streets.
The large vacant lot at the corner OF
Ninth street and Rhode Island avenue
northwest was acquired D. Jchn III.
Nolan, the builder, and u is reported
will be improved by the erection of
large apartment. house on Pennsyl-
vania avenue northwest, bet"een Twen-
ty-fourth and Twenty-fifth street, and
properties in Meridian Hill and Widows
Mite. formerly owned by Mr. Nolan
figure in the deal.
Apartments Are Attractive.
Apartment houses continued to at
tract investors, at least two OF them
appearing in the weeks transfers. The
Fulford at ISIS Seventeenth street
northwest, became the property of c.
II. Wine for a consideration close TO
$4,000. c. D. Kefauver paid $4,000 for
the Parkview apartments at SO Irving
street northwest. Mr.. Kefauyer sold
the building last year for S4!.J00 and re-
bought IT at an advance Of s2.5oo.
Trinity College, the school for girls,
near the Catholic University, enlarged
its realty holdings this week by pur-
chasing thfrty-four lots at The junction
of Mfchigan avenue, Girdrd and Fair
mont streets from Joseph Pail and John
]. Albright. The price paid for the land
was SIS, 100.
The loan market did not share the
weeks activity. There was a sharp
decline as compared with the figures of
the first week of March. The total Of
loans made in the past six days was
the security of 23s lots at an average
interest rate of Sc per cent. There were
no loans in excess of $4,000 this week
Straight Loans Lead.
Straight loans continued to lead the
market with total of s7,Ocy.sl The
sum of all the notes given for deferred
purchase money was sl21-336.I5- The
building associations advanced to mem
bers SO, 500.
County property was the choice of
the week as security for loans An
aggregate of s299.s65.7s was placed in
that section. Property in the northwest
was encountered to the extent of $685.
ISL The record of loans in the other
city sections was northeast, s39. $50;
southeast. sls,s75, and southwest. S,750