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New condo sales slump continues in Baltimore area
The condominium market in the Baltimore metro area is fragmented and posting significantly different result in various submarkets among property types. A recent report on the Baltimore area condominium market’s third-quarter performance, by Delta Associates, found that new condo sales in the city are being held back by a lack of new product. But condos […]
Tom Clancy’s Boston Street condo sold
The sale was approved by a judge earlier this month.
New condo prices increase by 1 percent in Baltimore
New condominium prices in Baltimore increased by 1 percent during the third quarter of 2011, but they dropped by nearly 6 percent in the metropolitan area, a report released Monday shows. Between July and September of this year, the Baltimore metro area recorded 99 new condo sales, less than the 155 sold during the corresponding […]
Court of Appeals revives fight over breach of condo contract
The Court of Appeals has given K. Hovnanian Homes another chance to defend itself against claims that one of its units breached a contract at the Annapolis Towne Centre at Parole. The project’s developer, a limited liability entity created by Greenberg Gibbons Commercial Corp., filed a declaratory judgment action against Hovnanian in 2008 after the […]
Ocean City beset by foreclosures
The road on the left is Coastal Highway, bordered by the hotels and condos that, in good times, are full of the beach-going vacationers that drive Ocean City’s economy. The sign shows that even as tourists trickle back to Maryland’s beach town, Ocean City still has a long way to go to recovery. This picture […]
Tom Clancy buys entire penthouse level at Ritz-Carlton Residences
Operators of the posh Ritz-Carlton Residences say they have closed on 10 units since lowering prices on some apartments this summer, three of which were bought by bestselling author Tom Clancy, who now owns the entire penthouse level of one building. The luxury waterfront development on Key Highway has 190 units. To date, 33 have […]
Timonium condo plan has residents upset
From the road, the wooded lot looks like most undeveloped suburban parcels. But a Catonsville developer’s plan to convert the 10.2-acre lot just north of Timonium into a 64-unit, age-restricted condominium community has stirred a string of protests around the peaceful setting of thickets and evergreens. “Everybody was caught by surprise by this thing,” said […]
