The Washington times., 1915-02-27
FEBRUARY REALTY
MARKET IS ACTIVE
investments in Purchases and
Loans Reach $3.750,000,
Exceeding Last Year.

Investments in the purchase Of and
loans oud real estate during February
reached 81. .7tO, 900. Involved In the month .
trading were ia transactions. compris-
Ing the transfer of 972 lots and parcels
OF real estate.
This is tho best showing made by tho
second month In any since since 1911 In
tho number of sales effected. The past
ponth's record Is 100 sales In excess of
the activity Of February. 1914 In the
preceding year. 1918. the brokers closed
during February 6O7 sales. In February.
totS Of Isl sTk for wSrs
activity in the history of washington
realty selling was set In 1911. when go
sales were concluded In the short month.
The past mouth excelied the business business
There were 1N more sales made than IN
the initial month OF the year. and l5O
more lots changed ownerA The invest
rnents for February were also s3O,OO In
advance of the figures for January.
Made Creditable Showing.
Despite the abbreviated week due to
tn celebration Of Washington's Birth
day. the CLOSING days Of February made
a creditable showing. During the last
five working days Of the month the
brokers closed 136 sales involving the
sansr # s Ss aaS the week a.
eDruary a daily average OF twenty
seven sales was maintain
Tuesday was the busiest day Of the
week when thirty-scyen sales were .. con
ranked second with thirty-four trades to
it's credit followed by Fridays showing
OF twenty seven deals closed. There
were twenty-one sales effected on We'd
Nearly half the operations of the week
were in the outlying suburbs where lO4
parcels changed owners. The near-urban
district was In second place with forty y
nine lots transferred. followed by the
northwest with thirty-seven lots con
veyed. There were twenty lots sold In
the northeast, eleven in the southeast.
and four In the southwest.
The rema rkable activity OF February
puts a fitting close to winters trad
of the brokers and others interested in
real estate affairs. In the face Of de-
preston in other lines the rea! estate
business has remained firm and prices
have held we'll Beginning next week the
spring trading is to be ushered in not
only according to the calendar but in
gratifying proportions unless the present
Indications fail The brokers have been
planning the spring campaign for two
weeks and with a continuance OF the
present weather conditions residences
and building sites ought to find ready
market.
The sales OF medium priced property
seemed to govern the arkct during the
deals we're reported at large considera
tions. The sale Of the Chalfonte apart
ments at 2l16 = street northwest was
probably the best transaction OF the
week For consideration OF sS6.o0O
James T. Anvon sold this building to
William G. Fulton.
Residence Brings $4,000.
An interesting sale Of residence prop
erty closed during the week involved a
purchase price OF $4,000 At this figure
Lewis f.. Rreuninger sold his new home
at $500 sixteenth street northwest. corn
er of Kennedy street in sixteenth Street
Highlands to. Harry V. and katherine
c. Lansdale. The house is OF he
Italian type of architecture. Is biul'
of rough texture brick construction anC
contains fifteen rooms and four baths
porches overlooking Rock Creek Park
The loan market recovered large
portion OF the decline noted in the
previous week. The exact figures ir
loans for the last Ave days OF Fehru
airy were $43S .022 SO. This sum was Dor
! rowed on the security of l70 lots at ar
average interest rate of 5 per cent.
Straight loans comprised the bulk o.
| the market. showing an aggregate o.
! 3275. .5s7.36. The building associations ad
vanced to members 10000 The sum o.
! all the notes given for deferred pur
| chase money was $69, 1851
Country property won first place a
a basis for loan security this week
| being pledged for total Of 1868. l72 80
! Land In the northwest was encumberet
! to the extent of sl45.2I5. The recort
| Of loans in the other city sections was
Northeast, 81. $50: southeast. s5.o75. an
! southwest, s.. 800.