The Washington times., 1915-05-09
RECORD SET FOR 1915
IN REALTY MARKET
Business Of Past Week Exceeds
Same Period of 1914 by 48
Transactions.

A new record for 1915 for weeks
activity in realty trading was establish
ed In the first week of May. The busi-
ness Of the past week exceeds that or
the corresponding week of 1914 by forty
eight sales, and Is eleven transactions In
advance of the best record for an open
ing week of May, established in 1913
During the past six days the brokers
succeeded in closing ISL deals. In which
were involved 1892 lots and parcels Of real
estate. In the previous week 162 sales
were reported, while in the first week or
May, 1914, only 133 trades were effected
The previous high mark for an initial
week In May was 10 deals In 1913. The
loan market this week was close to the
million-dollar mark.
The trading of the week was well dis
tributed. Tuesday being the banner day
with thirty-eight sales to its credit.
Wednesday ranked second with thirty
three transactions, followed closely by
Thursday with thirty-two deals effected.
There were twenty-nine trades closed on
Eriday, twenty-five on Monday, and
twenty -four on the half holiday of Sat-
urday.
Suburban Realty Leads.
Suburban realty was again found in
the van of the market. The outlying
suburbs furnished ninetyfour parcels
to the weeks record, while seventy-six
lots changed owners in the near-uroan
district. In the northwest seventy-nine
lots were sold. The northeast and south
east were tied, each having thirty-tive
lots conveyed to it's credit. There were
thirteen lots sold in the southwest.
Nearly $750,0OO was involved in the
twelve leading sales of the week. The
apartments, a seven-story building con-
tanning twenty-eight apartments which
brought $4,000. according to the reve-
pue stamps. Hugh Wallis sold tho
building to Helen l.. Holmes.
At a consideration of $4,000 Mr..
Wallis became the owner of premises
G06 and $40 Eleventh street northwest,
occupied by Phillipsborn. He acquired
niond. Mr. Hammond took over the
Ashton apartments, on r street north
west. between Fourteenth and Fifteenth
streets, at q valuation of $4,000.
Another business block changed own
ers this week when II. Latane Lewis
invested $4,000 in the purchase of 1876
new York avenue northwest, near tho
New York Avenue Presbyterian Church
The property is three stories high the
lower floor being used as a store, and
tho upper floors occupied by a printing
and an advertising concern. In connec-
ton with this purchose Mr. Lewis trans
ferred to Richard b. Owen the prop
erty at Fifteenth and o streets north
west, which includes 1910 o street, Just
west OF the corner. The revenue stamps
indicate this property's value at 81 500
Buys Apartment Houses.
John H. Clancy purchased two w
street apartments for a total cost of
moro than 100000. The Juniata. at 1924
e W street northwest, was conveyed to
him by Robert H. Featherstone for $780,
Qoo' and the adjoining building. the Nam
tuoket. was acquired from the heirs OF
Dr. Daniel B. Clarke for ss4. .oo0
Harry Wardman traded the corner OF
Sixteenth and Swami street northwest
Ter ten houses. Nos. Gil to 62s A street
soStheasst as s,In and ten lots in the alley in
olaeed at a valuation Of $4,000.
the Leumass apartment which occu-
,2leS the entire triangular square facing
9n Vermont avenue. Q and Twelfth
Snaries II. Davidson conveyed the prop
PIX to Calvin g. Tribby and J. Leslie
Ths triangle point directly opposite
1ees N and Eighteenth street northwest,
Ne9 transferred during the week by
fsoper e. Wilkins to the Wilkins Sc
olues Company. The revenue stamps
show q valuation Of $55, ,OOO
The Loan Market.
Vhs exact figures in the loan market
for the Initial week Of May were $780,
S0%n This sum was borrowed on the
security of 173 lots at an average In
terest rate Of 81 per cent.
Straight loans led the market with an
aggregate Of $779.672.59. The sum of all
the notes given for deferred purchas se
money was s76. 1922. The building asso-
Citations advanced to members s6375O.
Northwest property was most favored
as O basis of loan securities, being
pledged for a total of $72O 100 County
property was encumbered to the extent
Of $12l. 1881. The record of loans in the
other city sections was: Northea st
$8, 40; southeast, $21.125 and sout,..
west, $700.