Debt Consolidation Credit Counseling In Phoenix

While the rest of country is in housing downturn, Baltimore condominiums market is little better than the rest of the country. While the real estate has declined significantly, the sales prices of condos remain stable. The average sales price for condos in Baltimore was $280,000 in 2008 compared with about the same in the July of 2007.

Luxury condo markets in greater Baltimore area also did not decline much, with recent listing in Georgetown area for $1,300,000 a $400 per square feet, a healthy price for a luxury condo. The price decline seem to be in condos in the middle or lower end of the buyer. The prices of real estate has not decreased much, but the appreciation in value of condos are not as great as in 2001-2006, with only less than 3 percent decline in sales prices in certain metro Baltimore areas.

May developers in Baltimore area have decided to include "going green" as a way to continue building condos. "Greening" has certainly helped some of the developers that were in trouble. But one of the downside of "going green" is that increased environment friendliness cost more than standard building. Many buyers though see this is absolutely necessary for future Baltimore condominiums.

The Vue at Harbor East and Four Seasons Hotel and Residence are some of new construction that will be coming into the Harbor East neighborhood in Baltimore. Because of there prime location, these condominiums are more desirable, many condos here are very desirable to residents.

Some real estate developers are continuing with the construction even with the bad economy. This represent good time to buy since the real estate market will rebound from the bad economy in beginning for 2009 and continuing into 2010.

So, with its many new constructions and condo conversions coupled with luxurious condos, Baltimore is a great place to invest in Baltimore condominiums to live or for just as an investment for future.