The Washington times., 1916-01-15
REALTY MART Dull;
SLIGHT DECLINE IN
OUTLYING PROPERTY
But Suburban Realty Maintains
Decided Lead-Improvement
in Northwest Conditions.

Lethargic conditions continued to pre-
vail in the real estate market during
the second week OF January. Despite
unusual efforts on the part Of the brok-
ers they were unable to close more than
ninety-sevcn transactions in the past
six days. The weeks total Of sales shows
an increase OF nine deals over the rec
ord for the initial week Of 1916. In
volved in the trading for the second
week of the month were 2l3 lots and
parcels Of real estate.
A slow market is not unusual at this
season as is shown by n comparison
with the second week of January i'll
previous years. In the week ending jan
uary l6 1915, but 1O2 deals we're et-.
fected, involving 2l0 lots. Only ms
trades were completed in the second
week Of January, 1914 IN which were
included the transfer OF 20l lots. lh
the corresponding period of 1912, thor,
were completed 120 sales, and IN l9lS
an increase OF only 10 per cent nNer
these figures was recorded
Not One Busy bay.
There was not single busy day dur
ing the week. Tuesdays output Of twen-
ty-two sales being the high mark.
Thursday ranked second with twontv
deals completed. Monday and WedncS-
day were tied with sixteen deals each.
There we're thirteen trades effected on
Friday and ten sales on the halt-hoh-
day of Saturday.
4 slight decline is noticed this week
in the demand for outlying suburban
realty. In the opening DAYS OF the
month moro than half the trading was
within this area. while in the past week
less than half the activity was located
there. The section. however. main
taincd decided lead of the market.
With a total of ninety-one parcels
changing owners. The neaT-urban dis
trict was in second place, with nifty
three lots to its credit There was some
improvement in selling conditions IN the
northwest. where thirty lots were con-
Veycd. Twcnty-thrcc lots were trans
ferred in the northeast nine N the
southeast. and seven in the southwest
The chief sale of the week involved
a one-third interest in premises l-H T
street northwest. acquired by Mary -
Plaster from Harriet S. Turner. The
transfer was made on a valuation OF
100000 for the whole property. The IN
terest cost $3S.333.33.
TiOga Apartments Sold.
Christian Heurich recorded n dead for
z street property purchased by him
about three years ago from Henry II.
Flather The property comprises prem
ises 1910 and 1912 Il street northwest: oc-
cupied for business on the lrs. noor'
with three floors above for dwelling prr,,
poses. The consideration Is nomlnal
only and as the deal was made beIoTe
The war" no revenue stamps were al
liked to indicate the price. -.
the property of the Jolly Fat Mems Gun
at aS3 d street northwest. Lhe iano
was conveyed through Lula ): usilton
10 Emil G. Schafer,, Peter j.; Nee JONI nH
], Graft Edwin ii. Nenmeyer. ana
Michael G. Mccormick; 1,,,,,,, and
The Tfoga apartments, at EiGhth ana
L streets northeast. inquired IN Ine
weeks trading. Andrew WilsoL' tIus
tee, conveyed the property to Lima b
Baker. The stamps indicate a consider
alton of $500. ,, h,,.
$4,000 in the purchase OF a hIteeh-ioot
frontage on Sixteenth street. Clarissa
l. Sin:ms conveyed the premises lll5
sixteenth street northwest to MI
Spriggs. Premises 635 ID street north
west was acquired by Repeckie tleg+
man from Barnett Cohen. the price not
heing stated. George Y. WorthinGton
sold eight lots on Florida avenue north
east. between Twelfth and Thirteenth
streets to william B. Rayner. The price
is stated at $l2700 Emma j. Walter
took title to premises 22O3 and ~ f9uI5
teenth street northwest, which had
heen held by trustees. y nominal con-
slderation is given.
Increase In Loans.
The loan market displayed an increase
OIL more IMAM SlOO,VOO ONSl IllS lCSOlO lOi
the initial week of the New Year. The
exact figures for the loans of the sec
ond week OF January were S454,35l.6 .62.
This sum was borrowed on the security
Of 22l lots at an average interest rate
of 81 per cent.
Straight loans had distinct call on
the market. showing an aggregate OF
$685., 2,S5l.62 Building associations adj
Vanccd to members 100000. The sum OF
all the notes given for deferred pur-
chase money was SAL 800.
The northwest returned to favor this
week as n basis for loan security. being
pledged for a total of 1921, 900. Land in
the county was encumbeTed to the eN-
tent of 1926. .629.29 The record OF loans
in the other city sections was North
east. $25, 33: southeast, 5000, and
southwest. $2,SOO.