Inner Harbor townhouse project sells out after six years

Pier Homes project turned to auctioneers two years ago for help jump-starting sales

The last of the luxury townhomes in a project built on piers in Baltimore's Inner Harbor has finally sold, six years after the first buyers moved in.

McWilliams Ballard, a Washington-based real estate sales team that took over the Pier Homes at HarborView project in 2010, announced Wednesday that everything in the 88-unit development had settled. Nearly half the project was unsold two years ago, prompting the developer to auction off 18 of the homes at big discounts to get buyers looking again.

Prices at that June 2010 auction ranged from $516,000, 40 percent off the asking price, to $956,000 for a unit with an earlier asking price of nearly $2 million. Sale prices this year ranged from $550,000 to $1.1 million, according to state records.

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