The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-03-25
Larger Parcels Involved in
Fewer Sales Than in Pre-
vious Six Weeks.
SUBURBAN PROPERTY SELLS
Signs Of Spring Shown in Bust
ness OF Period-Southern
Building Leading Exchange.

Quality rather than quantity dis
tinguished the operations OF the real
estate market during the third week
of March.
The transfer of the Southern building
at Fifteenth and II streets northwest.
at a valuation OF 81. 500 900: the sale Of
an apartment at Sl450O0: the purchase
of site for an apartment which. when
completed, will represent an investment
OF $4,000; the acquisition OF a business
building at $4,000. and OF half in
terest In another building within the
business district at $4,000. and the sale
or other apartments at prices exceed
ing $50, 900. were some of the features
OF the trading OF the past six days. .
IN the number of transactions closed
the past week shows a decided decline
from the record-breakIng activity of
the preceding six days
The brokers made only l0S deals. In
which were involved 22 lots and parcels
OF real estate. Yesterday was the only
active day OF the week. having twenty
seven sales to Its credit. Thursday
ranked second, with twenty trades, fol-
iowed closely by Wednesdays record of
nineteen deals. There were seventeen
sales completed on Tuesday, fourteen
on Monday, and eleven on the half
holiday Of Saturday.
Sign of Spring.
Nho diiiNhi VI SDFlnR Is always ner-
aided by increased selling Of suburban
property. and the past week was no
exception. More than half the weeks
business was in the outlying suburbs.
where III parcels changed owners. The
northwest was second. with forty lots
TO Its credit. The near-urban district
ranked third. with twenty-nine lots con-
veyed. followed closely by the north
east. where twenty-seven lots wera
transferred. There were seven lots sold
west.
Teh Southern Realty Corporation of
delaware conveyed the Southern build
company at a valuation of 81 500 GO.
s5Oe.O0o. eu a.
The next largest transaction OF the
week involved $4,000. at which price
the Roydon apartment at 1913 r street
northwest was sold by Harry Ward
man and Thomas Bones to s. Louise
doubleday. Messrs. Wardman and
Bones also figured in another large
zeal. They acquired from James
O'Donnell, the druggist. the triangular
square of ground bounded by sixteenth
and " streets and New Hampshire
avenue. The land cost $4,000. and the
new purchasers secured a building loan
OF $4,000 from the Washington Loan
and Trust Company. A handsome
apartment is to be erected on the site
Downtown Deal.
A downtown business property also
figured in the weeks transfers. Harriet
s. Turner acquired premises 1912 +
street northwest. from Harry r. Burke
and Arthur ii. Bryant, executors. The
price paid was $4,000.
T. Lawson RIGGS purchased from Will
liam III. Walker a half interest in
premises 72J Fifteenth street northwest,
In the newer business district. Mr..
Riggs already owned a quarter-interest
in the property and is said to be ne
gotiating for the other one-fourth in
terest
B. Fenwick Harvey, OF Silver Springs,
Md. invested about $4,000 in the puI-
chase of four apartments on Champlain
street. near Kalorama road, and known
as Kalorama Terrace. Each building
contains about eight apartments. Mr.
Harvey later transferred the title
which he acquired from Charles II.
weser and Leo Simmons to his wife,
Mrs. c. Blanche Harvey.
The Bloomfield at 314e Mt. Pleasant
street, and the Redwood at 1919 and 1921
Corcoran street also changed owners
during the week. The former was
bought by Jane G. Pennington at a
price indicated at $4,000 Clarence A.
Marshall sold the latter to Wardman
and Bones for about 81, 600.
Loans Near Million.
Tho loan market made the best show
ing of the new year, and approached
closely the million dollar mark. The
exact figures in the loans of the past
six days were $9S3,S34.95. This sum was
borrowed on the security of 1876 lots at
an average interest rate OF SIS per cent.
Straight loans predominated with an
aggregate of s723 los. The sum of all
the notes given for deferred purchase
money was $i66, 1881. The building as
sociations advanced TO members $lO4, 600.
County property easily won supremacy
in the race for favor as a basis of loan
security being pledged for a total OF
S5iI,4 1881 Land in the northwest was
cncumbered to the extent of $3.50, 100.
The record of loans in the other city
sections was: Northeast, $2S.57l.0S;
southeast, 317,750. and southwest, $500.