The Washington times., 1915-12-11
Ten More Sales Made Than Dur
ing Previous Period-Credit-
able Close to Year Foreseen.
SUBURBAN PROPERTY LEADS
Hundred and Eleven Outlying
Parcels Change Hands.
Senator Phelan Investor.

Realty trading continued TO show i'm
movement during the mast six days
The number Of transactions in the first
ful, week Of December exceeded hy ten
sales the number closed In the pre-
ceo,ns week. and is fifty deals n al
vance Of the corresponding week OF 1914.
With the sale of residence at
price in excess Of 800, 900. the purchase
Of an apartment at about Sl0o.oN. the
sale OF a site for another apartment
which is to cost about $l5o.ooo and the
transfer Of other apartments at prices
approximating $40 oc0 20 $4,000. Decem
her trading Is regarded bv the brokers
rs having an auspicious start. II the
remainder Of the month shows any
where nesr the business of the past
week the months record will make a
very creditable close to a really remark
able years selling.
Included in the weeks total Of lSs
sales were 242 lots and par Of real
cstate. Tuesday made the best showing
of the week. having thirty sales 10 its
credit. Friday ranked second. with
twenty-five deals. followed CLOSELY by
Saturay's record of twenty-four trades
There were twenty deals completed on
Monday and seventeen on Wednesday.
Suburban Property Leads.
Outlying suburbs retained the lead OF
the market with a total OF Ill parcels
changing owners. The near-urban dis
1rict won second place over tho north
west by the narrow margin Of one lot
here were fiftv-three lots sold In the
near-urban district, and ifty-two lots
in the northwest. Each Of the north
4
thirteen lots sold. There was no sale
recorded in southwest Washington dur
ing the week.
senator Phelan of California was the
largest investor in local real estate this
week. He bought from Peyton Russell
lne spacious modern white stone dwell
ing at 2249 r street, near Sheridan Cir
Gle. The house is Of the English base
tains thirty rooms and seven baths.
The stamps attached to the deed indi-
cated consideration Of $l05,65. 1t is
understood the house is furnished and
mat the total investment reached near
~ $4,000.
The Beacon apartments at 1901 Cal
vert street northwest, again changed
'as he 'Gsenh sem ws@ i
Rrownins. who recently bought the
apartment at an auction sale. The price
is indicated at S102. 800.
Leo Simmons bought two lots on Cali
which he will improve by the erection
OF an apartment. The property adjoins
st, Roses Industrial School. which Is
fornia street About $4,000 is said tc
he involved In the purchase and con.
trmplated Improvement.
The Equitable Apartment Company
northwest from w. Murray Bechtel
The price is indicated at $62. 900. Marie
J.. Taylor purchased the apartment al
1922 and ISL Fifteenth street northwest
from William c. Bowles. The price
paid is said to have been $S5.O00.
Business Property Inactive,
Business property did not hgur,
prominently in the weeks trading TIL,
downtown section was represented by
tho sale Of the office building, 49, and
4S6 Louisiana avenue northwest. oppn
site the Police Court. Edmund s. Rec
purchased the property for a consid
Grafton indicated at SIS, 500.
An advance Of nearly $2Oo.OOo is showl
in the loan market over the record 70
the preceding week. The exact figure
in the loans of the week We're s6al. i3. Il
This sum was borrowd on the securit!
of 2oS lots at an average interest rat
Of ST per cent.
Straight loans dominated the marke
displaying an aggregate Of Sf42,O5S. TIL
sum of all the notes given for deferre'
purchase money was Sl10.37S.U. Th
building associations advanced to mem
hers $4,000
County property easily outstrippe
its rivals for favor as a basis for loa
security, being pledged for a total o
siI2,I466s. Land in the northwest wa
oncumbered to the extent of sl2S.94s. TIL
record Of loans in the other city sec
lions was: Northeast. s37.S75: southeast
Slos67.0e, and southwest $500.