The Washington times., 1915-04-03
REALTY SALES
IN FIRST QUARTER
Thirteen Million Dollars Involved
in Transactions, Including
3,346 Lots and Parcels.

Thirteen million dollars was involved
In investments In real estate during the
first quarter of 1915. This sum includes
the considerations for realty purchases
and the loans made on the security OF
real estate in the first three months OF
the new year. During that period tho
brokers' completed LIZA transactions in
which were involved 3,346 lots and par
GELS of real estate.
The largest share of these realty trad.
ings and Investments was furnished by
the month Just closed During March
$50 sales were effected, In which 1,d2
lots changed owners The Investments
tor the past month aggregated %, 100000
This sum Ia just 100000 I'm excess o.
the record for the preceding month. and
excels the investments for January, 1918,
by 81 100000. In the matter OF sales the
month of March exceeds February by
ll6 deals. and Is 220 trades In advance of
the business for the month of January
Last Week Busiest.
The last week OF March was the bust
est Of the month. A total Of l64 sales
were reported in the past six days. in
volving $50 lots. The loans for the week
surpassed the million dollar mark.
Suburban realty. as BELTS the season
Of the year. continued to shew the
greatest activity of the week in the
real estate market The outlying sub
urbs were the scene of the selling Of
seventy four parcels. while the nearer
suburban section. called the near-urban
district, ranked second with sixty-hvc
lots conveyed. The northwest was in
third place with s'xty-two lots trans
ferred. There were twenty-three lots
sold in the northeast. twenty in the
southeast. and eight In the southwest
The weeks selling met the most ar
dent expectations OF the brokers. Thir-
ty-six sale, were completed on We'd
nesday and thirty-one yesterday. There
were twenty-nlne deals reported on
Thursday and twenty-c.ght on Monday
TUESDAYS record was twenty-four
trades. and on the half-hol day Of Sat
urday the brokers closed sixteen sales
Largest Transaction.
The largest transaction of the month
was closed March 81 with the passing
of a deed TO the half interest in the
Southern building from the Commercial
Fire Insurance Company to the First
National Fire Insurance Company at a
valuation Of 5000, 900. making the total
value OF the building sl.s00.O0O. The
First National Company has transferred
the property to holding company.
known as the Southern Realty Corpora
ton of Delaware. subject to an tnCum
brance OF 100000 held by the Equit-
able Assurance Company. of New YORK.
The ne" owner mas ellCuillptI'u tIi',
property with a second mortgage bond
issue for 100000, payable May. 10.
1920. with interest at 5 per cent. II Is
understood a contract has been signed
between the new owner and tho First
National Company that the latter may
repurchase the equity in the property
for 100000.
Several Approximate S50,000.
Several sales were reported this week
which approximated in consideration
the $4,000 mark Among these were
premlses s26 and s2S Ninth street north
west. bought by Franklin V 1tillian for
$4,000; the property at TIA and ZIG
twelfth street northwest. acquired by
Randolph Z. Warwick for $4,000; the
New Bloomfield apartment at Sl49 Mt.
Pleasant street secured by Andrew E..
Shannon for $4,000. and the Everett at
1880 and 1892 II street northwest p,r-
chased at a foreclosure sale by the
Washington Loan and Trust Company.
as trustee. for s5o.500.
Edwin C. Blanchard has bought the
property at the northeast corner OF
Eighteenth and streets northwest
from Ida NJ. Ryan for s35.0n. The prop
erty includes premises 1879 ! street and
sC9 and 911 Eighteenth street northwest.
The North Capitol Savings Bank in
chase Of premises 119 North CAPITOL
street. just below its present banking
building. The property belonged to
Warren NJ. Whyte.
Loan Market Exceeds $1,O00,000.
The loan market during the last six
days exceeded 81 900 900. The exact fig
ures for loans were 81. los. .6l9.64. The sum
was borrowed on the security of 207