The Washington times., 1916-01-01
Total Of $52,169,00O Involved
in Property Transactions
Here in Year lust Closed.
THREE MILLION OVER 1914
Southern Building Transaction
for 100000 Chief Sale Of
the Twelve Months.

Real estate investments for the
wear 1915 maintained a weekly aver
arc in excess of 100000. During
the twelve months closing yesterday
there were invested in the purchase
OF and loans on realty $52. $4,000. The
brokers closed 1867 transactions dur
ing the year: in which were involved
1882 lots and parcels Of real estate,
Tho total investment exceeds by
$4,000, 900 the figures for 1914. and is
$4,000. 900 in excess of 1918. The record
10 held by 1912, with S62Co)OG0 invested.
The number of sales for the past year
exceeds 191fs record. but a smaller
number of lots were transferred. In
the preceding year the brokers COM
pleted 1920 deals. including 1880
lots.
was remarkable One sale was made
for 5000. 900 and another for ss3s.o00.
Six sales were completed with a con-
sideration Of 100000 and over, thirty
in excess Of 100000. and thirty-three
at a price between s5o,ooO and $4,000.
Chief Sale of Year
The chief sale of the year was Of a
half interest in the Southern build
ing to the Southern Realty Corpora
tion of Delaware for a consideration
OF 100000. The Wardman Courts
were sold to Mrs. Henrietta NJ. Halli
day for $839, 900. A total investment
of $500, 900 was made in the purchase se
and improvement Of the land at Thir-
teen-and-a-half and D streets north
west, where an office building for the
Southern Railway is in course OF
construction.
Among the other transactions or the
year at consideration of $l50,O00 or
more were the northumberland apart.
ments at New Hampshire avenue and
V street northwest. for 1926, 900; 705 and
Hdsm S MabHHt bHdns spsfe m for and i s,ree ,st
northwest, for 100000; the Montana
apartments at 1926 NJ street northwest
for S245, 800; the Toronto apartments a,
Twentieth and p streets northwest, fol
5000 000 the Darlington apartments al
Sixteenth street and Columbia road
northwest, for 5000. 900; the Argyle
apartments for :lSS,000; the Bltmore
apartments for sl54,OO0; the Lonsdale
apartment for sl60000 the FernsborC
apartment for Sl67,50O; the apartment,
At Eighteenth and X streets northwest
for Sl55,000, and the Fritz Reuter- hote
property at Pennsylvania avenue ant
Motor Company for si5o.ooo
The month of December ranked
seventh in the totals of investments foi
tho year. With its aggregate of 81
IA, LIDO involved in the purchase of. anC
loans on. real estate it surpassed the
months of January, February, August
September. and October. During the
month of the year the brokers sold 7S
lots while closing 464 transactions.
Last Week Poorest of All.
Tho past week made the poorss
showing of the year, as only seventy
eight deals were closed. In which wer,
involved 126 lots and parcels of rea
Z estate. There was not busy day II
tho entire week. Tuesday and Thurs
day were tied for supremacy with nine
teen sales. There were twelve deals
reported on the last day Of the year.
The outlying suburbs. the northwest
section. and the near-Irban dIstri
waged . triangular contest for the leat
OF the market in the cl2sing days OF
1918. The suburbs won by a margin Of
enc lot over the northwest. reporting
Two moro lots sold than in the near
urban district. The record showed tn,
transfer of thirty-two parcels, thirty
one lots and twenty-nine lots. respec
lively. In the southeast twenty-one lot!
changed owners. and thirteen in tn,
northeast No sale was recorded II
southwest Washington.
The loan market showed A decin,
commensurate with the scarcity OF sales
The exact figures for the closing weel
Of the year in loans were SOC. 500. 40. Th!
sum was borrowed OH the security O
1S7 lots at an average interest rate {
5.S per cent.
Straight loans did the lions share o
tho weeks business. displaying a .ota
Of 3235. 1870. The building association
adv anced 70 members S5. l0N. The sun
of all the notes given for deferred pur
crase money was s2o0i5.
Northwest property found most favo
as a basis OF loan security being pledge,
for a total of sl62.65O. Land in tn
county was encumbered to the extent o
Sll2,9S9.14. The record of loans in tn
other city sections was northeast
SlS|5S.G; southeast, $500. and south
west Sc 4G,