Hot Foreclosures in Baltimore City

I am an agent, homeowner, investor, and Baltimore City resident.  There are some very hot properties on the market including waterfront condos in the nicest communities for $150k.  These prices are amazing.  You have to go back 14 years to see some of the same prices.  Also, there are very hot investment/rental foreclosures on the market for as little at $5,000.  Last week I went in a 2 bed 1 bath condo, with hardwood floors, granite, and more, listed at below $15,000.  First time homebuyers need to jump on this market and investors alike!
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March 01 2010 - Baltimore
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Sir Spamalot....
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March 02 2010
Profile picture for sunnyview
So what. There are foreclosures in Baltimore. You provide a pitch, but no real information about your market. Here is a historical price chart with incomes for Baltimore. Here is the Zillow chart for Baltimore. Now tell me why the median is not heading back to 86K where it was in 2005 plus 2-3% a year in appreciation. You have had about a 30%+ increase in values since 2005. Year over year Baltimore has given up about 5%. The question becomes how much more will your market give back and is now really the time to buy or should people be selling instead?
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March 02 2010
Sunny, I see your not from Baltimore.  Home prices for waterfront condos will never dip below 100k.  Some of the water front condo foreclosures are selling for less then they did new in 1996!  Pretty good deals, no doubt.
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March 08 2010
 
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