The Washington times., 1914-05-09
MAY REALTY DEALS
!: OPEN WITH A RUSH
Nading for First Week Shows
IS Per Cent Gain Over Pre-
cedinn Week.

May realty trading began auspIcious-
ly In volume. the operations Of the
first week of the new month exceeded
by Is per cent the figures for the clos
ing week of April. The number Of
sales, however, showed a slight falling
of during the past six DAYS.
The sunshine which is TO be expected
during the coming week will AFFORD
more opportunity for showing real
estate to prospective purchasers and
will result il is assured, in renewed
activity in trading. AS the month ad-
vances, q decided increase in sales is
anticipated. and the opinion is eX-
pressed that at the end of May the
record for the months operations will
be found TO surpass any previous
month of 1914
During the first full week of May the
brokers closed 1SS transactions. In
these deals were included 264 lots and
parcels of real estate.
Warmer days will bring out additional
demands for suburban homes, and cause
the activity in that section to be notice
able The northwest, however, during
The past six days. took the lead of the
market, having been the scene of the
tranfer of sixty-six lots. The outlying
suburbs were a close second. having
hfty-eight parcels to their credit. The
northeast ranked third, with forty-seven
lots conveyed. The near-urban district
came next. with forty-siX lots sold.
There were forty-three lots transferred
in the southwest, and four in the south
east
Ss4,eo6 Deal Closed.
One of the largest sales of unimproved
property ever made in Woodley Park
was closed yesterday when the re-
ceivers In the Waggaman case trans
ferred seventeen lots on Connecticut
avenue to Harry L. Light for S54,90S
The purchase involves almost the entire
frontage on the east side Of Connecticut
avenue. Mr.. Light already owns the
property in the rear of his now pur-
chase, and the two tracts represent an
investment of 10000. The plans of the
purchaser have not been made public.
The sale of the Laclede apartments
at l2S Vermont avenue northwest. for
$4,000 to Edna l. Clapp, was the
largest transaction recorded during the
initial week of May. The building is
seven stories high, contains twenty-eight
apartments and fronts 40 feet with a
depth of l0e, and has side and rear en-
frances.
At a reported price OF $4,000, Hugh
Wallis conveyed to Harry Wardman
and Thomas Bones the business prop
erty at Gil Twelfth street northwest
Other business deals recorded this week
were rs Eleventh street northwest, ac-
quired by Harry R. Carroll, IA Eleventh
street northwest, conveyed to Charles
z. Roach; 64 street northwest, bought
by William H. White, and the property
At the northwest corner of Four-and-a-
half street and Pennsylvania avenue
northwest, transferred to Louis Koli-
ptnsh. The considerations for these
deals were withheld.
The trustees of the estate Of Lambert
Tree, Of Chicago, added to their realty
holdings at Twelfth street and New
York avenue by acquiring last Thurs
day the small building at 1210 New York
paint shop by Coomes & Co. Mrs.
Hulda Coomes sold the property, the
consideration in the deed being nominal.
Activity in Loan Market.
Increased activity was displayed In the
Hon market for the opening week Of
May. An advance Of more than $50 900
Is shown by a comparison of the busi-
ness with the closing DAYS of Arril. The
exact figures for the past six DAYS were
$oS,5o5l6. This sum was borrowed on
the security OF 220 lots at en- average
interest rate of Sc per cent
Straight loans led with an aegregate
of S2s2. The sum of all the notes
gwen for deferred purchase money was
sa,7 ,7U.1s. The building associations aI-
Vanced to members S132,0oO.
county property and northwest realty
1ought for the preference as loan secur
ity this week, the former winning.
County property was pledged for a total
of s2Ss. 49, l6, while land in the nortbwee+
was encountered to the extent of $40 3oo
Inc record of loans in the other city
secuons was: Northeast S7,TG. SOUTH:
east, Slso0, and southwest 1900