The Washington times., 1915-06-19
ACTIVE WEEK IN
REALTY MARKET
Brokers Close 1856 Transactions
Involving 287 Lots-Sales Of
Large Consideration Figure.

Two buildings under rental to the
United States Government changed
owners during the third week OF June.
The Bieber building on B street south
west, near Fourteenth street. occupied
by branch Of the Department Of Agri-
culture. was sold for 100000. The De-
partment of Justice building on X
street between Vermont avenue and
Fifteenth street was valued at $1,000
These sales, together with the transfer
Of several apartments, business houses
and dwellings at high figures and the
negotiation OF the Chase property at
Pennsylvania avenue and Thirteen-a and
a-haf street, comprising q half square
Of ground. which. with the improve
ments contemplated, calls for an out
lay Of n.ooo00o. constitute the features
Of q remarkably active weeks trading.
During the past six days the brokers
closed 165 transa ctions, In which were
involved 2s7 lots and parcels of realty
The number Of deals completed was
identical with the business of the third
week of June. 1914, but in the volume
Of trading the past week shows an in
crease Of seventeen lots over the num-
ing week Of last year. An interesting
feature of the comparison OF the two
years Is that quality pervaded the mar
ket. . number Of sales Of large consid-
GRAFTON having figured in the week end
ing June 20, 1914, although there were
no sales as large as the two featuring
the activity Of the past week.
Suburban Trading Dominates.
Tuesday was the banner day Of the
week. having a total Of thirty-five sales
to its creit. 1t was followed closely
by Wednesdays record of thirty-three
trades. Monday was in third place with
twenty-six deals effected, followed by
Thursday. when twenty-three sales
were reported. Friday saw twenty
deals completed, and eighteen sales
Saturday.
Suburban trading continued to domi-
nate the market. The outlying suburbs
were, the scene of seventy-seven parcels
being conveyed and a like number Of
lots changed owners in the near-urban
district. The northwest was close at
hand with seventy-two lots to it's credit
There were forty-six lots sold in the
northeast. twelve in the southeast and
three In the southwest
The largest sale of the week was in
southwest Washington, where the
Columbia Properties Company sold the
Bieber building. an annex Of the De-
eta M. Halliday. for $500. 600. AS part
consideration for the sale Mrs. Halli-
day transferred the Department Of Jus
tice building at 1435 and 1437 K street
northwest to the Columbia Properties
also conveyed to the company a large
tract Of unimproved land on the west
side OF Sixteenth street northwest, be-
tween Belmont street and Crescent
Place. valued at $4,000.
Apartments Change Hands.
Two apartments valued at more than
10000 each also figured in the weeks
business. The Haddon on New Hamp-
shire avenue. between T and U streets,
was purchased by the Lindsey estate
Tor a consideration Of SCI, 600. The Nan
tucket. at l4ls w street northwest. was
Warren Apartment Company. for S., ,OOO
An apartment, the Amherst, at 1854
Columbia road. was purchased by Will
lam c. Bates from Della s. Smallwood
for $34.50o 1t Is four stories high and
has twelve apartments.
The largest transaction in residential
property was the purchase by John w
Thompson Of the four-story English
basement house at 1923 Nsw Hampshire
7. Sanner and William A. Hill. the SELL
ers. took premises 1916 s street north
west in part payment at a valuation of
In the business section the chief sale
involved premises 1909 G. street north
west. Walter Brownley purchased the
property from Alice T. Connolly for
$3l 900.
Tho old landmark at North Capitol
and G streets northeast, perched on an
elevation with n brick wall about It.
passed to the United States this week
in the course OF the settlement by the
commission to purchase the plaza area.
For a consideration Of 81, ,000 Mrs Mary
NJ Yznaga. who has occupied the prop
ertv as a home for many years, trans
ferred 1t to the Government.
Loan Market Active.
The loan market was active. although
the total did not approach that OF the
second week of the month. The exact
figures for the third week of June we're
$571 .958.n. This sum was borrowed on
the security of 2A lots at an average
interest rate of ST. per cent.
Straight loans preponderated with an
aggregate of $3l9.01060. The sum Of all
the notes given for deferred purchase
money was $1n. 1851. Building associa-
tions advanced to members $8l, ,l50.
County property was most favored,
being offered as security for $271 $50 81 in
loans. Land in the northwest was
pledged for s212. .3G. The record Of loans
In the other city sections was: North
east. s3s, $500: southwest, SIS, ,7o7.6O. and
southeast, $4,000.
Plaza Property Turned