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.

One of the increase in development is greening of the condominiums and many Baltimore developers have opted to included “going green” as way to continue the expansion of condos in greater Baltimore area. One of the downside of “going green” is the extra cost associated with the increased friendliness to the environment, but this is absolutely necessary for future developments.

The Harbor East neighborhood in Baltimore are awaiting new constructions like The Vue at Harbor East and the Four Season Hotel and Residence, which makes these Baltimore condominiums more desirable because of there location in the Baltimore harbor area, where condos are still desirable. 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.