The Washington times., 1915-02-20
BROKERS PLAN FOR
SPR|NG-CAMPA PA|CN
Realty Market Seeks Part Of
$3,000,000 Paid Out to
Plaza Property Owners.

Normally seasonable conditions pro-
vailed in the realty market during the
third week Of February. In the past
six days the brokers closed 119 trans
actions. which Is one less than the num-
Der effected In the corresponding week
of 1914. Included in the weeks activity
were 1853 lots and parcels Of real estate.
crossing the attention Of the brokers.
The rapidity with which the Govern
ment is taking over the properties in
cluded with the Plaza area arouses the
seekers and investors will enter the
early spring market. A total Of S3.UV.-
UO Is to be spent by the Government
IN the acquisition of this property. ana
seeks re..lnvestment early in March a
decided impetus will be given to the
| spring trading.
The real estate market nuctuated but
days business was twenty-four sales
and the smallest was sixteen trades.
Tuesday was the banner day Of the
week. having twenty.four deals to its
credit: followed closely by Wednesday
and Saturday were tied with nineteen
transactions each. Trading reached It's
lowest ebb on Thursday when sixteen
| trades were effected.
Suburbs Lead Market.
The outlying suburbs retained the
| lead OF the market with fifty parcels
| changing owners. The northwest was
In second place. having forty-two lots
| transferred. The near-urban district
ranked third with thirty-seven lots con-
veyed. There were twenty-three lots m
the northeast. nine in the southwest,
ana sevene In the southeast.
me District was In the market last
nj ~
acquired three parcels. two improved
ana one vacant. adjoining on the north
the sixth precinct police station. New
1rossy propeytv avenue Was hosh, near street The
ttsrry and others. the consideration
being 1870. The object Of the purchase
Is not stated.
The Commissioners also began con-
ask $1,000 This is Gn to be the the sHneGI sIts oS
the new Eastern High School and com
Er,ses Is the four squares lying between
| anu Nineteenth streets northeast.
The most valuable residential prom
er.y purchased this week was premises
$3.50 fark road northwest. the former
property. was recently acquired by At
| torney julius J. Peyser, who has now
sold to Attorney Frank Walter Bran
aenburg. Mr.. Brandcnburg paid $50 OOO
@ @tor me property. and will occupy 1t as
Mr.. Brandenburg transferred his pres
ent residence 1920 T street northwest.
70 Mr.. Peyser at consideration of
1910. Mr.. Peyser will hold the prop
erty for an investment
FOR consideration indicated by the
revenue stamps as $1,000 Sidney w.
| Flagg bought premises 1881 to 1885 u
street northwest. The seller WAS H
Latane Lewis.
Pays $4,000 For Lots.
William J. Kehoe, owner of the
Northumberland apartments, has &C.
cured the vacant lots adjoining on New
Hampshire avenue. For $4,000 he &C.
qCired lots "a to . IN square 1S9. from
Frederick K. Cranin and Andrew b
Duvall. trustees. in an equity suit pend
ing In the District Supreme Court
Among the apartments changing own
ors this week was the Dartmouth, al
ao n street northwest. Barbara Man
Charles A. NJ Wells, Of Hyattsvillc
The revenue stamps indicate the price
to have been $l1 500.
There was q decided slump this weel
in the loan market where the figure
dropped to $279, ,13l. 60. This sum was Dor
average interest rate of SIS per cent.
Straight loans dominated the market
exhibiting total Of s204.5sl2o Th'
Building associations advanced to mem
bcrs $53,2O. The sum of all the note
given for deferred purchase money wa
SCI .300.iO
County property was most favored a
a basis for loan security being pledge.
for an aggregate OF $l7l. .406.6O. Land il
the northwest was encumbered to tn
the other city sections was: Northeast
$l9. .025; southeast. $3.50 and southwest