The Washington times., 1915-12-11
Ten More Sales Made Than Dur
Ing Previous Period Credit
able Close to Year FOreseen.
SUBURBAN PROPERTY LEADS
Hundred and Eleven Outlying
Parcels Change Hands.
Senator PheIan Investor.

Realty trading continued to show i'm
rroVement during the mast six days
The number Of transactions IN. the first
ful! week Of December exceeded by ten
sales the number closed In the pre-
ceding week. and is fifty deals in ad-
vance Of the corresponding week Of 1914.
with the sale of a residence ct
price in excess Of 100000. the purchase
Of an apartment at about S10O.0OO, the
sale OF a site for another apartment
which is to cost about $l5O.ooo. and the
transfer OF other apartments at prices
Hpproximating $4,000 20 S75.OOo Decen-
her trading is regarded bv the brokers
as having an auspicious start. II the
remainder Of the month shows any
where nesr the business of the past
week. the months record will make a
very creditable close to a really remark
able years selling.
Included in the weeks total Of 13S
sales were PAP lots and parcels Of real
estate. Tuesday made the best showing
of the week, having thirty sales 10 its
credit. Friday ranked second. with
Twenty-Five deals. followed closely by
Saturay's record Of twenty-four trades
and the twenty-three sales Of Thursday
There were twenty deals completed on
Monday and seventeen on Wednesday.
Suburban Property Leads.
Outlying suburbs retained the lead Of
the market with a total Of Ill parcels
changing owners. The near-urban dis
trict won second place over tho north
west by the narrow margin of one lot
There were fifty-three lots sold In the
near-urban district, and ffty-two lots
in the northwest. Each Of the north
east and southeast sections reDoFtcd
thirteen lots sold. There was no sale
recorded in southwest Washington dur
Senator Phelan Of California was the
largest investor in local real estate this
week. He bought from Peyton Russell
the spacious modern white stone dwell
ing at 249 r street, near Sheridan Cir
Gle. The house Is of the English base
ment type, four stories high and con-
tatns thirty rooms and seven baths.
The stamps attached to the deed indi-
Gated q consideration Of SlO5, ,626. It is
understood the house is furnished and
that the total investment reached near
ly $4,000.
The Beacon apartments at 1901, Cad
vert street northwest, again changed
owners this week. Joseph ]. Moebs
acquired the property from William l.
Browning, who recently bought the
apartment at an auction sale. The price
Is indicated at $102.60o.
Leo Simmons bought two lots on Cali
fornia street near Twenty-third street
Of an apartment. The property adjoins
st. Roses Industrial School. which IL
at the corner of Phelps place and Call.
fornia street. About $4,000 is said tc
he involved in the purchase and con.
templated improvement.
The Equitable Apartment Company
acquired the apartment at 1924 w street
northwest from w. Murray Bechtel
The price is indicated at $4,000. Marie
i. Taylor purchased the apartment al
1922 and 1924 Fifteenth street northwest
from william c. Bowles. The price
paid IL said to have been SS5OOO,
Business Property Inactive.
Business property did not hEur,
prominently in the weeks trading. TIL,
downtown section was represented by
the sale Of the office building 1S2 an6
4S6 Louisiana avenue northwest. oppo
site the Police Court. Edmund 9. Rec
purchased the property for a consid
Grafton indicated at SIS, 500.
An advance Of nearly 100000 is showl
in the loan market over the record 70
the preceding week. The exact figure
in the loans Of the week were S6al i3f. q
This sum was borrowd on the securit!
Of 206 lots at an average interest rat
Of 81 per cent.
Straight loans dominated the marke
displaying an aggregate OF S42,O58. tn
sum of all the notes given for deferre
purchase money was H7O.3S.U. Th
building associations advanced to mem
hers SO 000.
County property easily outstrippe
its rivals for favor as a basis for loa
security, being pledged for a total o
$6I2,746.6s. Land in the northwest wa
encumbered to the extent of $l2S.94S. TIL
record Of loans in the other city sec
tions was: Northeast, S37.S75; southeast
$10,S67.09, and southwest. $500.