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Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Our ongoing Building Agents’ Business series continues with a Fall update of Baltimore City’s growing real estate market. Nowhere else nearby do you have a massive city full of inventory at far lower prices than the DC Metro area that is just over an hour away.

“For the longest time, Baltimore City represented property blight and the effects of ongoing urban social problems,” commented Gerard DiRuggiero, Principal Broker of UrbanLand Company. “We have been aggressively promoting the City for several years and have been taking buyers up from DC as well as guiding local buyers & sellers within Baltimore on their real estate matters. After 30 transactions up north, we have a lot of insight to share with the investor and Realtor community.”

There is a major market for “DC money” that is looking to Baltimore. “Again, the cost of acquisitions is overall low, and in some cases you can even succeed in buyng properties in ‘brand-name’ neighborhoods like Canton, Fells Point, Hampden and more for super attractive prices,” said DiRuggiero. “The prices of homes sold in the city in 2019 has just reached a median of $156,000 this year, up from just $134,000 in 2017. All signs of steady rising prices are in place and occurring.”

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Why are we such fans of Baltimore? “Along with low prices comes the opportunity for massive appreciation & returns on your investment. You simply do not see pricing this low stay this way in major urban markets with an eye on improvements and redevelopment like Baltimore does,” said Gerard. “The same focus on improving the quality of life in DC over the last few decades resulted in a major long-term burst of appreciation that filled the pockets of early buyers, investors and developers. The same will be true for Baltimore City. We’ve been saying it for years and will say it again – Buy Baltimore!”

The pricing of homes in this market puts closable transactions all over the place. Beside the DC buyer/investor taking their money north, you also have a thriving local professional jobs market with similar behavior to Washington, D.C. You do not have the massive employment base that the federal government gives DC, but you do have a thriving banking and finances industry, busy hi-tech sector, and major brands like Under Armour choosing Baltimore as their headquarters.

Here’s some other things from the trenches in Baltimore that DC area buyer investors and real estate agents can appreciate:

  • The city is full of available investor, developer & consumer product at still-attractive prices;
  • DC investors & homebuyers with work/location flexibility or investable funds find it hard to resist the low cost of purchase;
  • There is neighborhood after neighborhood of possible options, each with their own characteristics & dynamics;

UrbanLand Company was founded in 2003 and has closed over $535 million in local alrea volume covering new construction, developer, investor, commercial & traditional homebuying & selling channels. Our in-house Agent Leads Generation Program, an initiative that puts prospects in front of our agents, has produced over $52 million in closings directly resulting from our brokerage leads.

“Agents who invest their time with our leads, homebuyer & seller Workshops, and overall Agent Exposure program see a tangible boost in activity and improvements in the success their realtor business. Our push to Baltimore is just 1 of several ongoing local area initiatives that are the right move for motivated agents..”

Text/call 202.517.6950 or email us for a confidential interview 

Listed for $495,000 – Mixed use building for sale in Baltimore’s hot Hampden commercial corridorDetails

 


 

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Sold by Dennis Cooper. 3 Baltimore investor homes.

 

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Sold for $116,000 at 1604 Ramblewood Road

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Sold for $190,000 at 306 S. Durham St. in Fells Point

Why Baltimore? Increasing Prices, Loads of Inventory & Buyer Interest

Sold for $155,000 at 31 Cobber Lane

 

Text/call 202.517.6950 or email us for a confidential interview 

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