The Washington herald., 1915-08-22
REALTY TRADING
SUFFERS SLUMP
Dizziness Customary Here in
August Now Is Being
Felt.
WEEKS EXCHANGES, ZIG
Total of 263 Lots and Parcels of Real
Estate Involved in Sales Dur
ing Six Days.
WEEKS EXCHANGES, ZIG

The annual August slump in local
realty trading set in during the week
ending yesterday, the total number of
transactions dropping to 116, as COM
pared with 100 for the previous week.
Brokers were not surprised, however,
realizing that the volume of business
transacted early in the month was
unusual The figures fore last week
equaled those of the corresponding
week of August 1914.
A total of 263 lots and parce,s o.
real estate were involved in sales dur
ing the week. an increase of siXty-six
over the second week of August.
Property in the northwest section en-
joyed a sudden boom during the last
few days. where three times as many
lots changed hands as during the pre-
vious week. 1t was the first time ens
northwest has led the market for
months: The outlying suburbs. which
have dominated the market for several
weeks, were forced into third place
by the near-ur ban districts.
Ninety Transfers in Northwest.
Ninety lots were conveyed in the
northwest, fifty-eight in the near-ur-
ban sections and fifty-one in the sub
urbs. Property in the southwest Sec
ton also increased in demand. twenty
five lots in that neighborhood chang
ing hands. In the southeast twenty
| two parcels changed hands, and the
northeast brought up the rear with
seventeen.
The volume of business was evenly
divided between the six days. Wednes-
day and Saturday were tied for first
place with twenty-five sales each.
Tuesday and Thursday made second
pair, with twenty-one deals each.
Nineteen transactions were effected
Friday. and eleven Monday.
A consideration of 100000 was in
volved in the transfer of the handsome
residence at 2410 street northwest, to
Emily H. Emery by Florence A. Boyd.
The house was one of the first to be
built in the aristocratic Sheridan de-
velopment. AS part payment, Mrs.
Boyd received Baltzley Castle. on the
Conduit road. overlooking Glen Echo.
The property between the Walker
Johnson building and the corner of
Eighteenth street and New York ave-
nue. northwest was acquired during
the week by Mrs. Eliza L. Phillips.
wife of Capt Duncan Phillips. The
sale includes premises 1146 New York
avenue and a triangular lot reaching
the corner of Eighteenth street. Mrs
Phillips paid William H. Walker $4,000
for the house. and gave $500 to Jesse
H. Van Alstyne for the corner lot.
ITO anu 11-V 1 IN
street northwest were acquired during
the week by Henry P. Amos from
George W. Barnes for s1i.500. Mrs.
Lulu S. Fluckey invested $4,000 in the
purchase of new home at Twelfth
and East Capitol streets, opposite Lin
coin Park. Philo L. Bush. former
owner. was given the vacant lot on the
opposite corner as part consideration. \
Local Market Declines.
A decline of 40 per cent from the
previous week was suffered on the
loan market. the figures for the past
six days being s349.152.99. This sum
was borrowed on the security of 1872
lots lat an average interest rate Of SIS
per cent. Straight loans led the mar
ket with a total OF s24S.2S0. Building
associations advanced $4,000. The
sum of all the notes given for deferred
purchase money was S3l,67299
One hundred building permits were
ISSUED during the week, including two
large residential projects and an apart
ment house. With the exception of the
usual number of small repair permits,
the week was unusually dull in build
ing operations. The largest permit of
the week was issued to S. G. Loeffler,
jr.. for the erection of a two-story
apartment house at 3109 Nichols street
southeast
The color of the exterior walls of the
new office building to be built in the
square bounded by Eighteenth, Nine
teenth, Z and F streets northwest. will
be decided on by Secretary of the In
terror Lane as soon as he returns to
the city.
The foundation of building c."
which will be the third section of the |
Wardman Courts, was completed last
week and the superstruct:re begun.