The Washington times., 1914-05-30
LAST WEEK IN MAY
SETS REALTY MARK
Brokers Complete 167 Transac.
tons, Surprising Former
Record by Fifteen Sales.

A record for 1914 for a weeks activity
in real estate was established during the
closing DAYS of May. In completing lo'
transactions in the last week the orok-
ers surpassed the former high-mark OF
this wear by fifteen sales. The former
hiyh figure set during the early days OF
Aprjl also was equaled in the second
week of May.
. As forecast in The Times at the be-
ginning of the month, May, 1914, took
high place in the years selling. During
the month E96 sales were recorded in
which were involved sl7 lots and parcels
of real estate. March alone excelled the
last month in the number of trades
Injected. There were 6e6 deals COM
pleted in March, SIS in April, 40 In FeD-
ruary. and 472 in January.
Investments in the purchase o1' ana
amo1Inted 70 S4,675,OO0 This total is
$4,000 in advance of Aprils invest
ments, but shows a slight decline from
tn, sums invested during the three
previous months of 1914. ,o,.
To establish the new record tor Isli
for a weeks trading the brokers had
to hustle every day. Wednesday was
the banner day of the week, having 10
its credit thirty-eight sales. Friday was
close up with thirty-tour ssles recoIoeu:
days OF the week shows: Tuesday, 2o'
Monday. a. and Saturday. ls.
Northwest property was in demand
this week, and as the result OF the ac-
tivity. that section bore on the PAIN
for the weeks sales. having sixty-seven
! lots to its credit The outlying suburbs.
! former leader of the market. was In
! second place. with sixty-four parcels
conveyed. followed by the near-urban
district, where fifty lots were sold. The
record of sales in the other city sec
tons shows: Northeast, twenty-seVen
! lots: southeast. ten lots. and southwest
eight lots.
The largest transaction OF the month
vas closed Yesterday, when the deco
! transferring the Arcade property, at
! Fourteenth street and Park road. was
| recorded. The property was purchased
/ at an auction sale by Joseph Sanders
and S. Herbert Giesy. as trustees for q
syndicate. The price paid was $3.50. 40.
The property fronts 80 feet in Four
tenth street by a depth OF more than
! 30l feet and fronts 1856 feet on Park
| road b. an irregular depth. The prin-
| Cipal building is a three-story brick
| structure, the street floor of which is
occupied as a public market and for
store purposes: the second floor con-
tsins a dancing auditorium. motion pic
ture theater, bowling alleys. etc: the
third floor contains large public hall.
] x
| q cold-StOrage room. residence apart
me nts stores fronting Park road. and
| a banking room and stores fronting
| Fourteenth street. Included in said sale
was all OF the personal property be-
| longing 10 the Arcade Company. con-
sIsting of a pipe organ. pianos. motion
! IDicture apparatus. chairs. roller skates.
ticket choppers, FIRE hose. electric fans,
{ ash registers, safes, shuttle boards. and
other miscellaneous property.
! The record breaking selling of the
week was reflected in the loan mar
| ket. where the total surpassed by near
| Iy 500. 900 the aggregate of the previous
| week The exact figures for the clos
ling week Of May were 137.5I3.53. This
| sum was borrowed on the security oi
| 1877 lots at an average interest rate oi
| Sc per cent.
| The bulk of the weeks loans were oi
| the straight variety, which displayed
| q total Of ss4s, ,0i4S3. The building as
| sociations advanced TO members SIS, 700
The sum of all the notes given for de
| ferred purchase money was S42.S2S.10
| County property was most favored IA
/ a basis for loan security being pledged
| 10 the extent of S5Ie.s72.25. Land ir
the northwest was encumbered to 500,
| $50 q. The record of loans in the othei
| city sections was: Northeast. S30 l2S. .ai
southeast, sl6,55l.s5, and southwest
sl0.225. -.