The Washington times., 1913-08-23
REAL ESTATE SALES
SHOW AN ADVANCE
Last Six Days Disclose an In
crease Over Preceding
Weeks This Month.
TWO BIG DEALS REPORTED
Saturday HaIf-HoIiday Is Time
When Many Transfers Are
Negotiated.
TWO BIG DEALS REPORTED

A review of the realty activity of the
last six days discloses a slight advance
over the preceding week and places the
third week of August in the first place
in the record of transactions for the
month. The brokers succeeded IN clos
ing 1876 transactions, in which were
comprised 2l0 lots and parcels of real
estate during the past week.
Two sales involving a consideration of
{I5O.OOO are reported as effected by
Harry Wardman during the week but
as the deeds did not pass. the transaC-
lions are not included in this review Of
the weeks activities. The sales in ques-
ton are Of two apartments. known as
the Northumberland and the Avondale.
A gradual increase is noticed in the
result of the efforts of the brokers dur
ing the month. The record for the in
iSial week of August showed 13O sales
completed. In the second week 1873
trades were effected. and this week the
brokers went last weeks figures two
better.
Many on Saturday.
Saturdays half holiday has the unique
distinction of seeing more sales closed
than on any whole day of the week
There were twenty-six sales reported on
the half day, exceeding by one deal the
total shown on Tuesday, when twenty
five sales were closed. Wednesday
ranked third. with twenty-three sa,ae
tC its credit Friday saw twenty-one
trades contaminated, and Monday and
Thursday were tied with twenty sai"s
each.
a three-corneI ed race for supremacr
ir the number OF lots transferred dur
ing the PAST week was INDUCED in by
the outlying suburbs, the near-urban n
district, and the northwest, and came
near resulting in dead heat for all
three 50 ctions. The two county sections
I'CIe tied for fist place, and the north
west was but one lot behind. There
were fftyfour lots conveyed in the
outlying suburbs. 4 like number in the
Gtar-urban district and tfty-three lots
sold in the northwest.
In the northeast section TWENTY-FIVE
bts changed owners and twenty-five
OTIS were SOLD in the southeast There
were two lots conveyed in southwest
WashiI Gton.
Loan of SI25,ooo.
The largest financial transaction of
the week was a loan of SIS, 900 obtained
by Harry Wardman and Thomas p.
Bones on L combination OF five lots
fronting about 100 feet on the north
side of street. just west of the Ave
nue. Of the Presidents. The money was
advanced by the SwartzelI. Rheem &
Fensey ComTany, and is PAYABLE IN
three Years. with interest at 81. per
cent. 1t is understood a large apart-
rent will be erected on the property.
Edwin r. Marden increa scd his hold
II gs Of county property during the week
by an extensive purchase il the Metro
iolis View subdivision. The properly
s close TO Highview. which has been
% extensively improved by Harry
Nardman ard other builders. There
are 1--WE large lots included in the pur-
chase, for which the consideration is
~ ~ g
was in the name of the Washingto?
Loan and Trust Company as trustee
AmonE the business properties con-
Neyed during the past six days We're
PREMISES 6lI Louisiana avenue north
est ana Nos. G23 and G2S II street
lcTthwcst The former was purchased
by Herman Schrot and the latter ny
harles A. Hammer. The consideration
stated in the deeds was nominal.
Four More Houses.
William H. Walker and Oliver H. p.
Johnson. who are 10 build a new annex
for the Navy Department, took title this
week to four more houses which will he
included in the site 10 be improved The
recent acquisitions are 1880 and 1873
New York avenue and 1928 and 1925 E
Street northwest
The advance in the loan market was
more pronounced this week than in the
preceding six days. a healthy condition
DI tNt market Is also shown by a fur
ther decline in the rate Of interest
which averages one point less than in
The previous week. which had shown
similar drop from the average rate Of
the preceding week
The exact figures in the loan market
his week were $520.968 46 This sum
was borrowed on the security Of SIS
OTIS. at an average interest rate Of )
per cent
Straight loans returned 70 the lead Of
the market this week showing a total
pf S34f,645. The sum Of all the notes
given for deferred purchase money was
tl26,623 40. The OUtpu; Of the building
associations reached S45, 200.
Only slight margin separated the
county and northwest in the aggregate
# loans made in these sections The
"rmer had total Of S22S, 1861. Will.
md in the mort Invest was encountered
D. the extent Of $225I32.S5. Thr rec
q Of loans in the other city sections
IS: Northeast. $5l, 900 southeast. $40
so, and southwest S4TOO