Real Estate

Baltimore City Added to ULC’s Neighborhood Watch – Homes Selling at Losses

UrbanLand Company’s Neighborhood Watch is what we call our neighborhood focus lists – these are zones of value that first time home buyers, real estate investors and developers should take note of. In the past, we’ve looked at neighborhoods like the H Street corridor, Anacostia, Deanwood and Eckington, and even entire counties like Prince George’s County.

“Our Neighborhood Watch is driven by value and not just the overall prices of homes and land in a market,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “These are zones that we showcase to home buyers and our developer clientele to keep them ahead of future trends and appreciation hot zones.”


Why Baltimore City? “Our neighbor up North has its fair current share of negative news and social issues, but it’s key to take a long-term outlook when it comes to real estate,” commented DiRuggiero. “From a property and land standpoint, the city has a ton of opportunity for pioneering home buyers and investors.  The city has already been profiled as a ‘millennials magnet market‘ and and as a leader among markets using FHA low down payment loans.”

The latest news on Baltimore City and its attractiveness comes from RealtyTrac, a real estate data firm. During one of their recent 2015 year-end summary reports, they analyzed home seller loss trends across the US. Just 19 of 155 counties that were analyzed showed average home price losses for home sellers during 2015.

In that set of 19 counties? Baltimore City within Baltimore County showed a 13% average loss for home sellers since their original purchase. Baltimore joins places like Mobile County, Alabama, Cuyahoga County, Ohio, Burlington County, New Jersey and Montgomery County, Ohio as a leader in losses within that group of markets.

“Without digging in too deep, sellers showing average losses since purchase should catch the eyes of home buyers and investors shopping for value. This city has not had the surges in home and land values of DC yet. There’s high percentage gains to be had in this zone for long-term,” concluded DiRuggiero.

On the rental side of things, rents are actually expected to drop in Baltimore City after several years of rising. Average rents are expected to drop slightly from it’s current $1,714 average to $1,702 by the end of the year. That’s a small drop but there could be more to come. Hundreds of new apartments are coming online this year for the City, joining thousands others that have already recently been built.

For more information on Baltimore City real estate, contact 202.299.9223 or email Here’s several homes showing current price drops!

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