The Washington times., 1914-10-10
WEEK SETS RECORD
IN REALTY TRADES
Brokers Closed 172 Transac.
tions During Last Six Days,
Topping Years High Mark.

A new record for 1914. for a week s
activity In real estate. was established
in the first full week of October. In
closing l72 transactions in the past six
days, the brokers topped by five sales
the years high mark for week s
business made in the last week of MAJ.
Ihe corresponding week of previous
years has been notable for activity ana
this year the opening week of October
suffered nothing in reputation. The
last weeks record Is thirty sales in
advance of the number completed in
the initial week of October. 1913.
The highest record in the history of
local realty selling in one week was
reached in the first full week of October,
l9ll. when Z2t sales were reported The
nearest approach to these figures in
fall trading was made early in October
1872. when 2G trades We're effected.
Expected Revival Here.
That the expected revival in trading
has arrived with the beginning of 0cto-
Der is also evidenced from a glance at
the records OF the office of the Recorder
of Deeds. Acting Recorder Dutton
points out that the gain in the first
ten days of this month in the number
of papers filed over the total recorda-
ton for the like period of 1913 is 46
papers. From October 1 to October 10,
1913 there were received for record SIS
papers. so far this month there have
been recorded IA papers.
The brokers were extremely busy dur
ing four days of the week On the other
two days trading was light. Wednes-
day was the busiest day having IS
trades 70 its credit. Friday was only
one sale behind and the brokers closed
s. deals on Thursday. Mondays busi-
ness was nearly as good when 80 trades
were reported. There were IA .elcs
completed on Tuesday and 16 on the
half holiday of Saturday
Trading In Suburbs.
More than 40 per cent of the weeks
trading was in the outlying suburbs.
Out of total of 24l lots and parcels Of
realty changing owners, the outlying
suburbs furnished 102 parcels. The
near-urban district ranked second with
81 lots conveyed. The northwest was in
third place with 40 lots transferred.
ThereL~ere 16 lots sold in the southeast.
Is in the northeast and one in the
southwest
Three pieces Of business property were
sold during the week. George g. Rees
and William II. Lanham bought prem
Uses 719 Eleventh street northwest. from
hSrry L. Turner. The consideration
was about s25. 900. Premises 1892 Penn
sylvania avenue northwest, was sold for
about $4,000 to w. Fred Hoffman. The
thlrd sale 1nVOlVed premises 80 LOufSl-
ana avenue northwest, opposite the City
Hall. The price was $4,000. The Ameri-
can Issue Publishing Company bought
the property from the Real Estate Title
Insurance Company, which had offices
in the building before associating with
the Columbia Title Company. Later the
detective bureau occupied the premises.
The loan market did not share in the
activity of the sales department of the
realty business A decline Of more than
500. 900 is noted from the record Of the
preceding week. The exact figures this
week were SS71 .5S7.45 This sum was bor- |
rowed on the security OF IT'S lots at an |
average interest rate of 5S per cent.
Straight Loans Ascended.
The feature of the loan market was
the almost even division in the three |
classes of loans. While the straight |
loans were in the ascendency they had |
no wide margin over the others. |
straight loans aggregated s142,357e2. The |
sum of all the notes given for deferred |
purchase money was $120.678.63. The
building associations advanced to MEM
,ers s10s. 800.
County property was most favored as
oan security. being pledged for an ag-
,regate of Sl92, 225. So. Land In the north
vest was encumbered to the extent OF
13O.325. The record of loans in the
,ther city sections was: southeast, S30-
Sc 80: northeast, $3.50, and southwest.
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