18 Luxury Townhomes Sold At Auction In Baltimore

Courtesy NPR Programs: Morning Edition  Tue, 06/29/2010 - 2:38am

Eighteen luxury townhomes on Baltimore's Inner Harbor were sold at auction Monday night. It wasn't a foreclosure sale or a sell-off to appease creditors.

The auction's goal was to re-set prices in the luxury real estate market. Bids started at $329,000 for townhomes that were listed for more than a million just two months ago.

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