The Washington times., 1916-01-29
.s5OO,OOO INVOLVED
IN THREE REALTY
SALES DURING WEEK
Months Close Does Not Meas
ure Up to Number of Preced-
ing Weeks Deals.


More than s5O0oo0 was involved In
three transactions in local real estate
during the last week of January. An
f street office building changed own
crs at consideration OF $4,000:
business block in Pennsylvania avenue,
near Eleventh street brought s110,ooo.
and an apartment at Twenty-first and
f streets was convened at *ll2,500. In
addition to these large deals. the brok-
ers sold dwelling ffor si3,0ta, an apart
ment for f375O0, and several parcels
at prices between $1,000 and s25.0Oo
The fourth week ot the month showed
high class. but did not measure up to
the number of deals completed in the
preceding week. During the past six
days 100 transa ctions wcrs effected in
which were involved LIZ lots and parcels
OF real estate. In the third week Of
January 1873 lots we're transferred IN
| i2O deals.
Decline For January.
The total of investments in the pnr-
chase of and loans on real estate in
January (Monday's business being es-
| timated) was $2.9%S.0 900. During the
40 safes were ana Cli
lots changed owners. The initial month
of tho new year displays "A decline from
the activity OF previous Januarys. In
January, 1915, investments reached
| $3,5NN,00o and the brokers closed 40
deals. There were Az trades In JanG-
airy. 1914. and the Investments reached
$500 900. Investments during January,
| 1913. aggregated S3SOO.O0O. and the
10 he
| fer January was established in 1872,
when-,a total investment of 5000 0J
was recorded, and the sales numbered
| Gi5.
Half the weeks activity was above
the average, while the trading OF the
other three days was poor. Tuesday
wa" the banner day, having ~ safes
| to its credit. Wednesday was second
| with % trades, followed closely by
| Thursdays % transactions. There were
| Ii sales closed on Friday, II on the
| half-hoIiday OF Saturday. and on
Monday.
Chief Sale of the Week.
| The outlying suburbs and tho north
| west section ran n dead heat" Tor
| supremacy in tho weeks selling, each
| having been the scene of the transfer
| Of a parcels OF real estate. The near
| urban district was in third place, with
| "a lots sold. There were is lots con-
| veyed in tho northeast, in the south
| cast, and in the southwest
| The chief sale Of the week involved
| tho Adams Building at 1893 and 1885 f.
| street northwest. which was transferred
| from Walter r. hawkins. of PcnnsyI-
| vania. to tho Commercial Real Estate
! ompany. The cncumbrances on tho
property and the revenue stamps indi-
| Gated a consideration of $1,000. SIR
hawkins acquired tho property in NO
| Vemher for $500 OOo from Ross s. Mat
| thews, who bought 1t several months
ago from the G. G. Willard estate.
| gJnmcs \. Boorman, OF Virginia be-
came tho owner of tho business prop
| erty At lON-W-l2 Pcnnsylvania avenue
| by purchase from the Schneider estate.
| The property has total frontage on
| Pennsylvania avenue OF about sixty
| four feet and an irregular depth. giving
an area OF 5.927 square feet. 1t is i'm
| proved b. three four-story buildings.
stores are on the ground floors of each.
Apartment Brings s112,50O.
The Schneider estate secured from Mr..
/ Boorman the Clermont apartments at
! 'TwCnty-frst and + streets northwest,
AT a consideration of Sll2SO0. Title was
! taken by Ferdinand T. Schneider. as
trustee. The Clermont Is four-story
: building containing thirty-two apart
ments. 1t was built several years ago
| by Harry Wardman.
! Franklin T. SannCr and William A.
! Hill sold the dwelling at 1774 Massa-
! chuSetts avenue northwest to G. Peyton
/ Russell The price is indicated by the
stamps at SAC, 0O0. An apartment built
! by John L. Warren. at Eleventh and
| Harvard streets, also figured in the
| weeks trading at consideration of
! S15O0' The purchaser was Rebecca G.
! Rae, who transferred to Mr.. Warren
| several alley properties as part con-
| sideration for the purchase.
Loan Market Shows Advance.
| The loan market showed an advance
of about 800, 900 over the record for the
third week in January. The exact fig
ures for the last six days of the month
were $4S5, ,957.7S. This SUM was borrowed
on the security of III lots at an average
| rate of 81 per cent.
! Straight loans had decided call on
the market. showing a total of s3+0, $50. -.
! The sum of all the notes given for de-
ferrCd purchase money was S9j 026. 81
The building associations advanced To
| members $50 go.
! County property won highest favor as
| A basis of loan security. being pledged
for an aggregate of 1921 ,024.39 Land in
| the northwest was cnCumbered TO the
extent of $500, ,O6339. The record OF loans
in the other city sections was; North
| act n