The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-10-17
REAL ESTATE SHOWS
WEEK OF ACTIVITY
Years Record Broken by 1856
Transactions, Largely of
Suburban Property.
By GARDNER MACK.

The years record for a weeks activ-
the second week Of October. The activ-
ity of the brokers during the week re-
suited in an increase of fourteen sales
over'the new record for 1914 established
last week. A total of 1856 transactions
was completed.
The volume of trading also stamps the
week one of the busiest in three
months. Included in the weeks deals
were SIG lots and parcels Of real eS-
tate. This is more than three times the
number of lots which changed owners
last week and is nearly two-thirds of
the total of lots sold during September.
Not since tie early part Of July has
days activity melted the brokers the
Iesults attained yesterday, when forty
sales were reported. Tuesdays business
was a close second, with thirty-eight
transactions. Monday ranked third,
with thirty-three deals completed, while
Thursdays sales totaled thirty. There
were twenty-eight trades effected on
Wednesday and seventeen on the half
holiday of Saturday.
The outlying suburbs distanced the
other sections Of the District this week
in the number of parcels conveyed,
showing a total of COB. The near-urban
district ranked second with ninety-six
lets transferred. There was a decided
boom in property in the northeast,
which brought that section into third
place, with siXty-five lots sold. There
were thirty-three lots changing owners
in the northwest, twenty-five in the
southeast, and seven in the southwest.
The largest transaction of the week
involved 800 lots on Bladensburg road at
City View Heights. Under decree of
the District Supreme Court, Evans
n'DnnnUhIlp he
trustees, sold this property to the Raw
enswood Company. Former Senator
Clark of Wyoming is said to be largely
interested in the purchasing company.
There was a dearth of sales in the
business section. The demands made on
the market were confined almost en-
tirely to small business locations within
the residential areas and to home sites
and apartments. Quite a good business
was done in the sale of recently COM
pleted homes in the northeast and
southeast sections of the city.
The loan market this week recovered
the ground lost during the opening days
of October. The total of the loans of the
past six days is $4,000 in advance of
the business of last week. The exact
figures for this week were SAP, 734 %
This sum was borrowed on the security
of 240 lots at an average interest rate
Of 81 per cent.
Straight loans showed the largest in
crease. and easily took the lead Of the
market The deferred payments and
building association advances were
about on a par, the former leading by
4 few thousand dollars. The aggregate
of straight loans was s2l2 $685. The
sum of all the notes given for deferred
purchase money was $106, 943.93 The
output of the building associations was
500, 80.
County property predominated as a
basis for loan security being pledged
for an aggregate Of s25S, 1883 Land in
the northwest was encountered to the
extent of s71,950. The record of loans
in the other city sections was: North
east, S62,606: southeast s26, 434 Sc, and
southwest, 5000.