The charming 300 block of South Madiera Street in the Butchers Hill neighborhood. There are 5 rowhouses for sale on this block.
Station North Townhouses being built. Prices from the mid 300's. "Along a block of North Calvert street, surrounded by crumbling and boarded-up rowhouses, homebuyers are shelling out $400,000 and more for luxury townhouses sprouting on the site of long-demolished buildings" (Baltimore Sun 1/15/06)
Lovely rowhouse NOT for sale in Butcher's Hill.
Rundown houses in Baltimore. Incidentally, there was an onsite public auction for a rowhouse about two blocks from here.
500K rowhouses in Butcher's Hill located.
Rundown empty lot across directly in front of 500K rowhouses
(pictured two pictures above).
Quarry Lake development in suburban Baltimore
Condos going up along the Baltimore Harbor. [View from Albermarle Street in Little Italy]
Rowhouses in Greektown.
Posts
I hope downtown Baltimore revives fully, but even if it does, row houses won't be worth 400K+.
ReplyDelete"but even if it does, row houses won't be worth 400K+. "
ReplyDeleteDo you live in 1960?
Anonymous said...
ReplyDelete"but even if it does, row houses won't be worth 400K+. "
Do you live in 1960?
...
Were you born in 1990?
Tom DC/VA said...
ReplyDelete"I hope downtown Baltimore revives fully, but even if it does, row houses won't be worth 400K+."
Others will/do. And what you think won't matter much.
The only RH's worth $400K will be
ReplyDeleteones shown prominently in location scenes of HBO's smash hit "The Wire". The ones where Chris and Snoop stash bodies for Marlo will be worth upwards of $500K. Free nail gun with every purchase
"Others will/do. And what you think won't matter much."
ReplyDeleteStill trying to blow air into a popped bubble, lance?
Baltimore will never be a super-rich city - it's not a government town, it's not a financial center, and it's not an entertainment center. In fact, Wikipedia says that median household income was around $35K. 3.5 x $35K != $400K.
Fundamentals. Learn the definition of the term, lance.
(Ok, so maybe rowhouses in Federal Hill will go for $400K. Elsewhere, not so much.)
"Do you live in 1960?"
Sorry, I figured most people reading this blog understood the concept of inflation. I'll add an "adjusted for inflation" disclaimer next time.
Fundamentals, lance. Think about them. $335K / $35K = 9.57
ReplyDelete-----
Baltimore, Maryland
The Baltimore-Towson Metropolitan Statistical Area (approximation) has 16,703 total listings of which 14,613 are either Single Family or Condo. The area includes the major cities of Annapolis, Baltimore, Bel Air, Columbia, Ellicott City, Glen Burnie, Hanover, Hunt Valley, Laurel, Lutherville Timonium and many others.
Trend 10/09/2006 1 month 2 month 3 month 5 month
Median Price $335,000 -1.4% -3.6% -4.3% -4.3%
Inventory 14,613 +3.0% +5.7% +8.9% +30.4%
"The only RH's worth $400K will be
ReplyDeleteones shown prominently in location scenes of HBO's smash hit "The Wire". The ones where Chris and Snoop stash bodies for Marlo will be worth upwards of $500K. Free nail gun with every purchase"
LOL!
Tom dc/va: You mention "fundamentals" but you erroneously denote a 35k median HH (Balto. City) to a Balto. Metro area median home price (335k). For example, median HH income in Howard County and Anne Arundel, parts of which are considered "Baltimore" have median HH incomes almost 3 times that of B-city.
ReplyDeleteEven if we're just talking about Baltimore City for example, if you wanted to, you could easily buy a nice 2 bedroom place right now in Canton or Butchers Hill for about 270-300k. Most people who are moving to areas like that are making A LOT more than 35k.
By the same token, there are areas in the city where you can pay almost nothing to live.