The Washington times., 1914-09-19
WEEK SHOWS GAIN
! OF "a REALTY DEALS
Stability of Market Shown, by
Demand for Medium-Priced
Residences.

The third week Of September was the
busiest of the month. The sale of small
residence property was the feature of
the realty activity of the week. The
market was devoid of sales of large
consideration and practically no busi-
ness property changed owners during
Ghc past six days. The weeks business,
olnn ever, has been more than Satsfac-
1Cry to the brokers. who express 4
preference for a number of transaC-
tons in low or medium priced houses
evidencing the stability of the mar
tej. Prices on these properties re-
manned firm AT the figures prevailing
for several months.
An increase of thlrty-four transac-
-'ons over the record of the preceding
week is reported. During the past six
days the brokers succeeded in closing
1R transactions. in which involved 203
1cts and parcels of real estate. This
record is only two sales short of a
risily average of twenty-five deals.
which is an advance Of two trades per
<iay over the figures for the previous
fortnight
Distribution of Deals.
The outlying suburbs and the near
urban district ran a dead heat this
week in the race for supremacy in the
number of lots sold Each reported
siAty-three lots changing owners. The
northwest ranked next with thirty
Fsven lots transferred. There were
twenty-five lots conveyed in the south
east, twelve in the northeast, and three
IN the southwest.
First place in the weeks record of
sales was also won on tie. The num-
Der of sales closed on Tuesday and
FRIDAY was identical, each day having
Ihirty-four deals to its credit. Mon
day followed with twenty-three thans-
actions and on Thursday twenty sales
were recorded. There were nineteen
deals completed on Wednesday and
sighteen on the half-holiday Of Satur-
day.
A comparison of the activity Of the
yast week with the corresponding
period of 1918 is decidedly in favor of
This year. In the third week Of Sep
tember Of last year the brokers closed
r-only l39 sales. nine less than the record
Of the past six days. Up to September
20 last year 1858 transactions were re-
ported from September l, while in the
same period this year a total of 40l
sales have been rlade. The record for
September. 1918, was one of the best for
Ihe season of the year ever noted in
local realty activity.
Unless an unlooked-for decline should
snsue the present month ought to sur
fass the record for last September.
Loan Activity Falls Off. -
The increased activity noticeable in
.the sales department did not extend to
rhe loan market this week. Business
There was $4,000 behind the record of
the previous week. The interest rate
senlaIned the same.
The exact figures in the loan market
for the past six lays were s2Sl ,229.1e
This sum was borrowed on the security
of l55 lots at an average interest rate
OF SIS per cent.
Straight loans predominated. but did
not have the wide margin of last week.
The total of loans Of this character
was s122,970 The building associations
Edvanced to members $50 $50. The sum
of all the notes given for deferred pur-
rchase money was S72.109.79.
County property remained in high
Sayor as q basis of loan security. being
pledged for an aggregate of sl46, ,Sl6.3l.
Land in the northwest was encountered
10 the extent of s79.6i24S. The record
nf loans in the other city sections was:
Northeast. s43,525: southeast, $3.50, and
southwest, s3.625.