The Washington times., 1916-01-01
Total Of S52, 900 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
year 1915 maintained a weekly aver
age in excess of $1,000 900. During
the twelve months closing yesterday
there were invested in the purchase
OF and loans on realty $50. $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
50, COO, 900 the figures for 1914, and Is
taOOo, 900 in excess Of 1918. The record
- held by 1912, with 362,Oo0,OGO invested
The number of sales for the past year
exceeds 1918 record, but a smaller
number of lots were transferred. In
the preceding year the brokers COM
pleted 1920 deals, including 1880
lots.
The quality OF the years trading
was remarkable. One sale was made
for 100000 and another for $3.50, 1000.
Six sales were completed with a con-
alteration of S2OO, 900 and over, thirty
in excess of 100000, and thirty-three
At a price between $4,000 and sO,OOO.
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
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 ~ the
year at a consideration of $3.50, 900 or
more were the Northumberland apart
ments at New Hampshire avenue and
v street northwest, for $325, 900; 7O5 and
O1 Market Space for 1000; the
Adams building at 1SSS and 1885 e street
apartments at 1726 NJ street northwest
for $245, 500; the Toronto apartments al
Twentieth and p streets northwest, for
800 900; the Darlington apartments al
northwest, for 5000. 900; the Argyle
apartments for slSS, 900; the Biltmore
apartments for S154,0O0; the Lonsdale
apartment for $4,000: the Fernsboro
apartment for $167,5OO; the apartment
At Eighteenth and X streets northwest
for $155,00 and the Fritz Reuter- hote
property at Pennsylvania avenue and
John Marshall place. to the Ford
Motor Company for $i50,OOO.
The month of December ranked
seventh in the totals of investments fol
the year. With its aggregate of a..
IA ,1O0 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 poorest
showing of the year, as only seventy
eight deals were closed, in which werI
involved 126 lots and parcels of rea
estate. There was not a busy day II
the 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-Urban district
waRed . triangular contest for the lead
OF the market In the cl9sing days OF
1915. The suburbs won by a margin OF
one lot over the northwest, reporting
two moro lots sold than In the near.
urban district The record showed the
transfer of thirty-two parcels, thirty
one lots and twenty-nlne lots. respec
lively. In the southeast twenty-one lot.
changed owners, and thirteen in the
northeast. No sale was recorded II
southwest Washington.
The loan market showed a decline
commensurate with the scarcity OF sales
The exact figures for the closing weel
Of the year in loans were sos, soc. 10. Thil
sum was borrowed OIL the security o
1S7 lots at an average interest rate O.
5G per cent.
Straight loans did the lions share o
the weeks business, displaying a tota
Of $235. 1910. The building association
advanced TO members S54. 10N The sun
of all the notes given for deferred pur
ckase money was S20,0i5.
Northwest property found most favo
as basis OF loan security being pledgeC
for a total of Sl62.6SO. Land in tn,
county was encumbered to the extent o
S1129S9l4 The record of loans in tn
other city sections was northeast
SlS,5aS.eC; southeast, $500. and south
west, $6,4O5,