Investors and Homeowners See The Value in Baltimore City

By
Real Estate Agent with Century 21, The Real Estate Centre, 410-665-0200 Office 634480

Investors and Homeowners See The Value in Baltimore City

 

Let's look at the most recent data.  In a comparison of sales of homes in Baltimore City for June 2019 versus June of 2018 here are the results:

 

June 2018: Average Sales Price: $205,199

June 2019: Average Sales Price: $235,379

Increase: 14.7%

 

June 2018 Median Sales Price: $174,350

June 2019 Median Sales Price: $199,950

Increase: 14.7%

 

Here is data for specific houses from one middle class neighborhood, Belair Edison.  This data shows homes which were purchased by investors, nicely renovated, and then sold to homeowners, not with government handouts, but with actual loans that are typical of those used throughout the country.

 

Addresses have been left out to protect the privacy of the homeowners.

 

--- Purchased in 1/2019 for $64,000; resold as a renovated home in 7/2019 for $127,800.

--- Purchased in 5/2018 for $52,000; resold as a renovated home in 3/2019 for $133,900.

--- Purchased in 10/2014 for $29,900; resold as a renovated home in 4/2019 for $133,000.

--- Purchased in 1/2015 for $48,360; resold as a renovated home in 3/2019 for $112,500.

--- Purchased in 1/2018 for $55,000; resold as a renovated home in 6/2019 for $110,000.

--- Purchased in 11/2017 for $20,000; resold as a renovated home in 4/2019 for $130,000.

--- Purchased in 4/2014 for $31,900; resold as a renovated home in 5/2019 for $110,000.

--- Purchased in 4/2018 for $50,000; resold as a renovated home in 4/2019 for $138,000.

 

This is a very small sample from one neighborhood.  This is typical of what is happening throughout Baltimore City.

 

It is easy to find a picture of a run down house, post it, and then act like that is fully representative of Baltimore City or to just spout off some nonsense in a tweet which also does not represent the City of Baltimore.

 

This leads to nothing.

 

As the sayings go: "If you don't have anything good to say, then don't say anything at all."  or "If you are not a part of the solution, then you are a part of the problem."

 

 

 

 

 

 

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Rainer
365,190
Veronica Krzinska
Zenith Realty - Rosedale, MD

Ron,

Baltimore City is a great place to call home.  Apparently the data shows that I am not the only one who thinks so.

Jul 31, 2019 09:34 AM #1
Rainer
358,113
Jacob Jamison
Zenith Realty - Joppa, MD
Exclusive Buyer Representation

Ron,

I have seen the information about sales in Baltimore's neighborhood of Belair Edison and you are right that what you have presented is just a sample.  There are many more homes just like the ones that you have mentioned.

Jul 31, 2019 09:37 AM #2
Rainer
400,546
Kathryn Sparks
Zenith Realty - Baltimore, MD

Ron,

The two sayings in your post provide good advice for the recent critic of Baltimore City.

Jul 31, 2019 09:43 AM #3
Rainer
381,826
Karen Krzniak
Zenith Realty - Towson, MD

Ron,

In a city that is populated pimarily by democrats, even the republicans can not resist its charms as they will be having their policy retreat in Baltimore.

Jul 31, 2019 09:50 AM #4
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Rainmaker
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Ron Trzcinski, 410-935-5844

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