The Washington times., 1917-01-03
REAL ESTATE SALES
ADVANCE IN 1915
: --
Volume of Trading and Amount
Invested Exceeds That of
Previous Years.
MILLION A WEEK AVERAGE
More Than Seven Thousand
Transactions Closed
BY Dealers.


fifty-two weeks investments totalet
So, 800, 900. The brokers closed 7,04i
transactions, in which were included
15,722 lots and parcels of real estate
There were twenty less sales made
than in the preceding year, but botI
IN the volume of trading and in tn,
amount invested, the year just CLOSED
shows an advance. During 1915 Their,
were 1867 sales reported, involving
an investment of $50 900 and tn,
transfer of 1882 parcels.
December made a showing far in
excess of expectations. In the mat
ter Of the money involved in the deals
of the month, it made the best show
ing Of the year, displaying an ad
vance of $500, 900 over the record held
by June. During the month just end
ed the brokers completed 492 deals,
involving 1902 lots and an invest
ment of 100000.
Made Poorest Showing.
The declining days of the month,
due in some measure to the Christ.
mas holidays, made the poorest show.
ing of the month.
Thursday was the busiest day of the
week with twenty-one sales to its
credit Friday ranked second with
nineteen trades. On Wednesday IF.
teen trades were reported, and eleven
on Tuesday. There were nine deals
recorded on the half-holiday Of Satur.
day. Christmas day was, of course, a
holiday.
The outlying suburbs returned to
the lead of the market with a show.
ing of forty-four parcels conveyed
The southeast was in second place
with thirty-nine lots transferred. The
near-urban district ranked third with
twenty-five lots to its credit. There
were only fourteen lots sold in the
northwest, nine in the northeast, and
five in the southwest.
Was Chief Transaction.
The chief transaction of 1916 in.
voived the Corcoran building property
at Fifteenth and F streets and Penn.
sylyania avenue northwest, on which
site is to be erected large hotel. The
investment is expected to approximate
100000. A first trust of $3.50. 600
was secured from the Equitable Life
N-ANS ~OAAPoAAy VI NC" 1OTh, ana
a deferred purchase money trust of
$5O4,OOO was taken by William c. Eus-
tbs, former owner of the property. The
new owner is company known as the
National Capital Hotel Corporation.
HFhe next highest priced sale of 1916
was the Commerce building at Nine
teenth street and Pennsylvania
avenue northwest, purchased by
Mrs. Henrietta Halliday for $500,
900. The third best transaction
of the year involved the Dresden
Apartments at Connecticut avenue and
KaloTama road bought for $3.50, 900 by
the American Security and Trust Com
pany as truste for the estate of B.
H. Warder.
Other sales at considerations in ex.
cess of 5000, 900 included the Adams
building at 1888 F street northwest
sold to the Willard estate for 1910 900:
Willard Courts at 18th and Willard
streets northwest bought by John N.
Ruth for S250,00O; the Montana Apart.
ments at 1925 NJ street northwest sold
to Frank r. Bayis for $4,000; I345
+ street and COZ 14th street northwest
acquired by Harry Wardman for $780,
900; Chatham Courts at 1871 Columbia
Road sold to Alonzo Bliss Company
for 100000; 18th and K streets north
west acquired by Charles II. Davidson
for 100000 and CopIey Courts bought
by John n. Ruth for 100000.
Sales In Excess of 100000.
Purchase prices in excess Of 500, 900
wefe paid for the following properties
during the year: lips and 113O Con-
necticht-ayenue northwest. bought by
Isaac T. Mann for 100000; the Cler
mont Apartments, at Twenty-first and
J. streets, sold TO the Schneider estate
for Sll2,5OO: Crandalrs Theater at
Ninth and E streets, to Daniel Lough-
ran for $4,000; the apartment at
Fifteenth and streets, to Frank Con-
away, for $4,000; Arlington Fire In
sGrance Company building, at 1905
Pennsylvania avenue northwest, to
the Riggs Bank for 100000; Roydon
Apartments, at 1919 r street north
west, to =. Louise Doubleday, for
S145,000: Thirteenth street and Penn
sylvania avenue northwest, to Thomas
L. Ogram, for $1SO,000; IOj and TOT
Market space northwest, to Emmons
S. Smith, for Sl2S.5O0: the Cardova
Apartment, at Twentieth street and
Florida avenue northwest. to Eliza
beth II. Carleton. for S165,OO0: 1405 &
street northwest, to Commercial Bank
for 100000: Champlain Apartments
TO Columbia Properties Company for
100000; Mt. Vernon Seminary tract,
at Nebraska and Arizona avenues, for
$4,000: Department Of Justice build
ing, at Fifteenth and K streets. to
Henrietta NJ. Halliday, for S135,oOO;
Seventh and z streets northwest, to 5.
s. Kresge, for 5000, 900: and the Earl
ington Apartments, at 3033 Sixteenth
street northwest, TO Charles Z. Clapp,
for 100000.
Loan Market SIumps.
There was a decided slump in the
loan market during the last days Of
the year. The total of loans in he
final week of 1916 was $273,963.30.
This sum was borrowed on the secur-
ity OF eighty-siX lots at an average
interest rate of SIS per cent
Straight loans predominated. with
an aggregate of S20O.53S.6 80. Building
associations advanced to members
SJI,45O. The sum of all notes given
for deferred purchase money was $l5.-
JT47O
Northwest property held the su-
premacy of the market as a basis Tor
loan security with a total of SI63, 200.
Land in the county was pledged for
q total of $S2.243.3O. The record or
fgns in the other city sections was:
Northeast, $1S,S5O; southeast, S9,ITO,
and southwest, none.