The Washington times., 1914-05-16
%yyEWED ACTIVITY
IN REALTY MARKET
fears K>.> Record for Trans
actions Was EquaIed the
Last Week.

The years high record for week s
>seivity in realty trading was eQualed
N the second week of May. In main
aiming a daily average of twenty-five
'ales and completing total Of I52
ransactions in the last six days the
,rokers touched the high mark set dur
ng the opening days of April. Involved
n the weeks trading were pa lots q nd
larcels Of real estate.
The lethargy which infested the mar
iet during the winter and early spring
8 being rapidly dissipated. and demands
II prospective buyers TO be shown prop
rites are on the increase. The brokers
'onfidently expect that when the pres
mt months record is computed ii will
oe found to compare favorably with
he corresponding season of former
ears.
With the exception of Tuesdays busi-
ness, which reached total of thirty
I've sales, the trading was fairly we'll
distributed throughout the week. Fri
lay ranked second with twenty-six
rades, followed closely by Wednesday
With twenty-five deals, and on Satur-
lay with twenty-four transactions.
There were twenty-five sales closed on
Monday and twenty on Thursday.
Suburbs in Lead.
As forecast in this column last week,
he outlying suburbs returned TO the
cad of the market, having been the
Gene OF the sales of siXty-two lots,
rhe near-urban district was in second
nlace with forty-ctght lots to its credit.
'eating out the northwest section by
Wo lots. The southwest ranked fourh |
With twenty-five lots conveyed. There
we're twenty lots sold in the northeast |
ind sixteen transferred in the south |
.ast. |
The largest transaction of the week |
vss the sale of the Decatur apartment |
II 213l Florida avenue northwest at
55,lOo. The property was purchased at
Iuction by Bertha w. Custer at a sale |
:onducted by John B. Larner, trustee. !
Another apartment house figuring in |
he weeks transfers was the TruXtun, /
It 2o31 F street northwest. Mrs. Kath- |
Urine c. Bloomer, daughter OF the late |
'hlef Justice Clabaugh, purchased the |
property from Thomas j. Ward. The |
consideration is not made public.
The Munsey Trust Company, in con-
JUNCTION with the United States Trust |
'ompany, conveyed last Tuesday the !.
Dank buildiig at Seventh and G streets |
northwest to the Security Savings and
ommercial Bank. The bank took over
he real estate when 1t recently pur-
'hased the branch of the trust COM
osny which had been conducted there.
The consideration is not given.
Purchases Valuable Property.
Misses Jane and Alice L. Riggs have
purchased from Harry Wardman and
Thomas Bones valuable property on the
vest side Of the Avenue of the Presi-
tents. near street. In part consider
alton the Misses Riggs conveyed to
Nardman Bones premises 1888 and
6Ss r street 1917 Riggs place, and two
:acant lots which would CORRESPOND to l.
$50 and 1852 3 street. Nominal con-
Eiderations are given in the deeds
The property at Four-and-a- half
street and Pennsylvania avenue north
\ est occupied by the Fritz Reuter- Ho-
.el was transferred during the week.
Iohn A. Schaefer. trustee conveyed II
o Harry V. Lansdale. The deed recited
] as the consideration.
Harry Wilson has purcha Sed the in |
tereat of the heirs OF his deceased
Hfe in the property occupied by his
on:ce building at 115 Eighth street
,Orthwest- The property had been
10 Mrs. Wilson shortly be-
ore her death. Her will named GER
ain of her brothers and sisters as ben
,icisries
An increase of $1,000 is shown this
week in the loan market over the rec
)rd for the initial week OF May The
.&act figures for the last six DAYS were
ISL, ,319.S4 This sum was borrowed on
he security OF 113 lots, 1t an average
interest rate of Sc per cent. +
Straight Loans Dominate.
Straight loans dominated the market,
! IsrIaying total OF s5O7.0iG.41 The ,
UNI of all the notes given for deferred
purchase money was 800 I73. i2 The
'uilding associations advanced TO mem
oers ss4, 1Oo.
Northwest property was most favored
ls a basis for loan security being Of
erred for an aggregate Of S373. .942. 20.
county property was encountered to the
.Stent of s210.9s7.44. The record of |
oans in the other CITY sections was:
Northeast, A7720; southeast $50 40 and
southwest. $500
Il 90 To Harper's Ferry, SI.25 Martins
,urg $50 Berkeley Springs. and 500 (
cumberland and return. Baltimore 6. ,
Olio from Union Station $50 4 NJ
SUNDAY. May 18th. Returning same I
iay.-Adyt. :