It depends on the size, location, age, and floor of the unit. Each building is unique, even within Fells Point, so the market may be different based on the building.
The rental market has been very hot in Downtown Baltimore, and that is another component of the condo real estate market.
If you could share some more specifics, we may be able to better help!
Keller Williams Excellence Realty
As many of my Seller's have found out by Google....they have come across my website http://www.MarylandHOMESTeam.com/ over and over. What I tell them is this...."If YOU found me on Google as a Seller....than Buyers are finding me...period" and it is true. Based on my statistics of Buyers signing up for my FREE Listingbook Service....some could very well be looking for YOUR condo. When the time comes, feel free to reach out and contact me to see what I can do for you when offering your property to the marketplace.
If what you are really asking about is the demand for two-bedroom condos around the Inner Harbor, I'll offer my opinion based on living and working in Harbor East for years.
There is strong and rising demand for 2BR rentals in the area. The market for sales, however, is extremely weak. Prices are at or near multi-year lows.
That is not to say that it is impossible to sell, as the statistics show. However, you must weigh the need to price your property competitively against the possiblity that prices will be considerably higher if you are able to hold on for a few years.
We realtors like to talk about the importance of location, location, location, but timing is just as important. Many sellers are finding it financially wise to rent out their property at today's high rental prices until the market for sales recovers.
I know that's not the advice you expect to hear from a real estate broker, but it's the truth.
Best of luck,
Michael A. Kupritz, MBA, GRI
The Kupritz Group, Real Estate Professionals, Inc.
"Maryland's Original Full-Service, Commission-Free REALTORÂ®"
If you are considering selling your condo, I would be happy to sit down with you and give you a full market analysis which would be more representative of your particular home rather than general like this and advise you as to whether now would be a good time to sell and what your home would likely sell for in the current market. Interest rates are very low now and there is an increasing demand for homes, now could be the right time to sell.
Century 21 New Millennium