Tag: baltimore real estate

Year End Round-Up: With Harbor Point, CORE and Growing Influence of Under Armour CEO Kevin Plank, Development Spread Far Beyond Downtown in 2016

Mechanic Theatre lot
The year in development began, the way every year does, as a blank slate waiting to be filled. But it also began literally with a blank slate in the form of a gaping hole downtown where the Morris A. Mechanic Theatre once stood.

Anthem House is Locust Point’s Latest Development Project

Anthem House renderings via Bozzuto Group
Anthem House renderings via Bozzuto Group

Now that the first dirt has been thrown, construction is set to begin on Anthem House. The Locust Point development is the latest mixed-use project from the Bozzuto Group.

Off The Market: Which Houses Are Selling in Baltimore

SOLD! This classic Roland Park house sold quickly, but under the asking price.

Looking back over a year of Hot House columns, searching for some rhyme or reason to the local real estate market, the Baltimore Fishbowl ran a quick check to see which dream houses have sold and which ones are still hanging around.

What’s moving — sleek condos or charming cottages? Old estates or giant McMansions? There are any number of ideas on what makes a house sell in this down economy, but the prevailing market-think is best summed up by Noah Mumaw, of Prudential Homesale, YWGC Realty, This is the most price-sensitive market that I have ever seen.  Homes that are priced properly are flying off the market.”

 Of course, one man’s “priced properly” is another man’s “practically giving it away.” What is undeniable is that the average home sale price has dropped about 30 percent in the past five years, and yesterday’s $500,000 house is worth only $350,000 in today’s money.