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 100000 was involved in
three transactions in local real estate
during the last week OF January. An
street office building changed own
crs at a consideration OF $4,000: a
business block in Pennsylvania avenue,
near Eleventh street brought $110,OUO.
and an apartment at Twenty-flrst and
streets was conveyed at $il2,5O0: In
addition to these large deals. the brok-
ers sold a dwelling for $4,000, an apart
ment for eS7,5OO, and several parcels
ut prices between $4,000 and $25,OO0
The fourth week OF 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 transactions were effected in
which were involved l72 lots and parcels
Of real estate. In the third week Of
January 1p9 lots we're transferred in
i20 deals.
Decline For January.
The total of investments in the pur-
chase Of and loans on real estate in
January CMonday's business being es-
timatedD was $2.92S,O00. During the
month 4l5 sales were made. and sl4
lots changed owners. The initial month
of the new year displays decline from
the activity OF previous Jonuarys. In
January, 1915, Investments reached
g. 600 and the brokers closed 40
deals. There were I72 trades In Janu-
airy, 1914, and the Investments reached
1890, 900. Investments during January,
1919, aggregated SS.SOO,OOO. and the
brokers made 1855 deals The record
fer January was established in l9l2,
when->a total investment Of $500, 90
was recorded, and the sales numbered
Half the weeks activity was above
the average, while the trading OF the
other three days was poor. Tuesday
was the banner day, having 20 safes
with % trades. followed closely by
Thursdays % transactions. There were
l6 sales closed on Friday, IL on the
half-holiday OF Saturday, and on
Monday.
Chief Sale of the Week.
The outlying suburbs and the north
west section ran a dead heat Tor
supremacy in the 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 the northeast. in the south
cast, and in the southwest
The chief sale of the week involved
the Adams Building, at 1893 and 1885 r
street northwest, which was transferred
from Walter r. Hawkins. of Pennsyl-
vania, to the Commercial Real Estat te
Company. The encumbrances on the
property and the revenue stamps indi-
Gated n consideration of $1,000. SIR
Hawkins acquired the property in NO
Vember for $4,000 from Ross g. Mat
thews, who bought II several months
ago from the c. c. Willard estate.
pJames 4. Boorman, OF Virginia. be-
came the owner OF the business prop
ertY at 100S-l0-l2 Pennsylvania avenue,
by purchase from the Schneider estate.
The property has a total frontage on
Fehnsylvania avenue OF about sixty
four feet and an irregular depth, giving
an area OF 5,927 square feet. 1t is Inn
proved By three four story buildings.
stores are on the ground floors of each.
Apartment Brings $112,5OO.
The Schneider estate secured from Mr..
Boorman the Clermont apartments al
Twenty-frst and f streets northwest,
at a consideration of $1125OO. Title was
! taken by Ferdinand T. Schneider. as
! trustee. The Clermont is a four-story
building containing thirty-two apart
ments. 1t was built several years ago
by Harry WaTdman.
Franklin T. Sanner 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 $500 An apartment built
by John l.. Warren. at Eleventh and
Harvard streets, also figured in the
weeks trading at consideration OF
| $37. .500.N The purchaser was Rebecca q
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 100000 over the record for the
third week in January The exact fig
ures for the last six days of the month
were $4S5, ,9577S. This SUM was borrowed
on the security of Ill lots at an average
rate of So per cent
Straight loans had a decided call or
| the market, showing a total of $34O, $50. "a.
! The sum of all the notes given for de-
| ferred purchase money was S95, ,026. 81
| The building associations advanced tC
members $50,2j0.
! 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 enCumbered~ the
extent of 500, ,063.39 The record Of loans
in the other city sections was; North
| east $500; southeast, H4,40O, and
| southwest, $500