Urban Discoveries Baltimore

The real estate wonks over at RedFin have crunched some numbers and come up with the “DC-area” (read:  DC, Baltimore, Northern Virginia) neighborhoods with the most reductions in house prices this month. Meaning:  homes on the market had their prices reduced before leaving the market (either sold or unsold).

Who from our neck of the woods makes the list? Roland Park/Homeland/Guilford (which apparently all count as one entity), along with Upper Fells Point, West Federal Hill, SIBC/Sobo. Topping the list is Hampden, where a whopping 70 percent of homes were discounted before leaving the market. (The neighborhoods with the least-reduced price listings were in places where prices weren’t all that high to begin with—Greenmount East and Broadway East, for example.)

Here’s a rundown of how some other Baltimore neighborhoods are faring:

(Note:  the numbers reflect the number of listings that were price-reduced, not the deepness of the price drops.)

Hampden — 70%

West Federal Hill — 64%

Brewer’s Hill — 60%

Patterson Park East — 58%

Fells Point — 57.7%

Belair/Edison — 47.8%

Inner Harbor — 43.6%

Greenmount East — 36.7%

Central Park Heights — 25%

The full data set is here. What neighborhoods do you think are still over-priced? Which are becoming a better deal?

Posted in: Development News, Hampden, Real Estate - Buying, Selling, Talking About It.No Comments