Charm City Circulator Banner Route

The Charm City Circulator announced a new route that will begin its’ run in Summer 2012.

The Charm City Circulator Banner route will run from the the Baltimore Visitor’s Center at the Inner Harbor to Fort McHenry. It will have a number of stops along the way at businesses, restaurants, and neighborhoods.

It looks like it would serve the Federal Hill, and Locust Point neighborhoods. There are many shops, restaurants, plus the American Visionary Arts Museum and Baltimore Museum of Industry are in this area.

Under Armour is at Tide Point near Locust Point as well.

This could be great for both the environment and the economy along this route.

The Baltimore Department of transportation will have an informational meeting where anyone can come & have input on the route. That will be held on Monday, February 13, 2012 from 6-8pm at the Baltimore Metropolitan Council Office, located at 1500 Whetstone Way #300 (the Offices at McHenry Row).

The Charm City Circulator is free bus transportation service provided by the City of Baltimore. It is designed to provide transportation around Downtown Baltimore for residents, workers, and visitors. Come Downtown and get around for FREE!

Another great reason to work, play, and live in Baltimore!

 

More details about each of the current routes as of February 9, 2012:

Charm City Circulator Green Route

Charm City Circulator Orange Route 

Charm City Circulator Purple Route 

This Month in Real Estate November 2011

This Month in Real Estate for November 2011 has been released!

The numbers from October, presented by Jay Papasan, showed the home sales at an annual pace of 4.9 million, down slightly from last month, but much better than September’s numbers. Median home price was $165,000, which is another drop from This Month in Real Estate October 2011. Interest rates rose very slightly to an average of 4.1% for a 30 year fixed mortgage.

The Top Story asks the question, “What are first time homebuyers looking for?” According to KW research, much of it is to stay in the same area as they were renting. 3/4 of first time homebuyers bought a single family home, and most purchased a three bedroom, two bath home.

Of course, this data is nationwide, and the Baltimore real estate market is different than any other. Many areas of the country do not have the dense, highly populated areas with rowhomes such as Downtown Baltimore in Federal Hill, Fells Point, Canton, and Locust Point. Even Baltimore County has many townhouse neighborhoods, such as Mays Chapel in Timonium, Rodgers Forge, and areas of White Marsh and Perry Hall.

In News You Can Use, Bryon Ellington discusses three things you should know about buying versus renting.

1) Equity. You can build wealth through equity. He aligns it with a long term savings account. Every month that you pay your mortgage, a portion of the mortgage goes into that “account” (your principle).

2) Appreciation. If the market where you buy appreciates, then that equity becomes even larger.

3) Make it your own. You can renovate, paint, do whatever you’d like to it!

He also points out that when you pay rent, you are still paying a mortgage. It is just someone else’s mortgage, and you don’t get the benefits of ownership.

For more information about buying a home in Baltimore, please contact me. I would be happy to help!

Silo Point Baltimore Condo

Silo Point condominium in Baltimore is an amazing community located in Locust Point in Downtown Baltimore.

The amenities are abundant and spectacular. You are greeted at the front desk by staff, ready, willing, and able to help. The full service gym on the lower level has everything you could need to work out. Across the hall is a lounge with pool tables, comfy chairs, and a WINE BAR!

There are elements of the original grain silo kept throughout, making it such a unique place.

No detail has been overlooked with the variety of units from the warehouse feel to the “Roland Park” (quoted) feel of some of the larger units.

One condo even had the television in the mirror in the master bathroom!

The views are spectacular from most of the units, especially on the higher floors. You can see all over Baltimore from the Harbor to the Ravens Stadium, on a clear day even into Baltimore County north!

The Sky Lounge is a place where residents can hang out or have parties — and it is open for rent for outside groups to use as well!

Silo Point townhomes are located on the building as well, many of which are actually less expensive than some of the condo units.

I really enjoyed my tour of beautiful Silo Point. What a luxurious, fantastic piece of Baltimore real estate. If you want to buy a Silo Point condo, contact me to get started on your path to luxury!