PAGE 2
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
Real Estate
INDEX OF ADVERTISERS
THE COASTAL REAL ESTATE RESOURCE Coastal Association of Realtors/Ocean City Today
Published by Ocean City Today for the Coastal Association of Realtors. Advertising in this publication is limited to members and affiliated members of the Association. The COASTAL ASSOCIATION OF REALTORS® (CAR) is a trade organization for real estate professionals in Wicomico, Worcester and Somerset Counties on the Eastern Shore of Maryland. Its membership consists of more than 1,000 REALTORs® and affiliate members serving the home-buying and home-selling needs of the public since 1957. The term REALTOR® is a registered collective membership mark, which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. The COASTAL ASSOCIATION OF REALTORS is located at 314 Franklin Avenue, Suite 106 • Berlin, MD 21811. Phone: 410-641-4409. On the Web: www.coastalrealtor.org OCEAN CITY TODAY is the leading newspaper publisher on the Maryland coast, with Ocean City Today publishing weekly on Friday, Bayside Gazette and Ocean City Digest publishing on Thursdays and Real Estate, the Coastal Real Estate Resource publishing key weekends throughout the year. On the Web: www.oceancitytoday.com Editor .........................................................................Stewart Dobson Managing Editor............................................................... Lisa Capitelli Account Managers ................... Mary Cooper, Vicki Shrier, Amanda Shick Classifieds/Legals/Production Manager .................... Nancy MacCubbin Senior Designer .............................................................. Susan Parks Graphic Artist ................................................................... Kelly Brown Publisher..................................................................... Christine Brown Admin. Assistant................................................................... Gini Tufts
410-641-0039 WWW.OCEANCITYTODAY.COM
Nanette Pavier/Holiday Real Estate .......................................Page 2 Northrop Real Estate...............................................................Page 3 The Zell Team/Re-MAX Advantage Realty ...........................Page 4 WesBanco ................................................................................Page 5 Berkshire Hathaway PenFed Realty/Ocean Pines..................Page 6 Berkshire Hathaway PenFed Realty/Ocean Pines..................Page 7 Long & Foster ..........................................................................Page 8 MD Dept. of Housing & Community Development ...............Page 9 Team Bouse House/Re-MAX Advantage Realty ..................Page 10 Hileman Real Estate...............................................................Page 11 ERA Martin/Shamrock Division ..........................................Page 12 OCVacations.com...................................................................Page 13 EXIT Central Realty...............................................................Page 14 Maryland Title Service ...........................................................Page 15 McLean Mortgage Corporation .............................................Page 16 Joe Wilson/Coastal Life Realty..............................................Page 17 First Shore Federal ................................................................Page 18 The Grove Group/Fathom Realty..........................................Page 18 PO2 Team/Hileman Real Estate ...........................................Page 19 Dani Caine/Loan Depot.........................................................Page 19 Oracle Home Inspection ........................................................Page 19 Capitol Title ..........................................................................Page 20 Affiliate Members .................................................................Page 20 Iron Valley Real Estate .........................................................Page 21 Tammy Medlock/Coldwell Banker Realty ............................Page 21 High Tech Inspections ...........................................................Page 21 Vacasa ....................................................................................Page 23 Jamie Caine/Coldwell Banker Realty ...................................Page 24
It’s Time To Own A Beach Home!
Nanette Pavier Cell: 443-235-3498
Main Office: 7700 Coastal Hwy., Ocean City, MD 410-289-8888
EARLY-JUNE 2022
Your Delmarva Resort Specialist Licensed in Maryland & Delaware
For Updated Prices & More Listings: Call 443-235-3498 Scan code or Visit my Website WWW.OCEANCITYMDCONDOS4SALE.COM
NAR Designated Pricing Strategy Advisor
Heron Harbour Sales Center 120th St Open Friday-Monday 11-4 2 Outdoor Pools, Indoor Pool, Fitness Center, Tennis Courts, Sauna and Club House
The beautiful marina community of Heron Harbour Isle offers 1-4 bedroom condominiums and townhouses that have boat slips. Water Front single family homes and lots with docks are also available. Fabulous amenities: 2 outdoor pools, indoor pool, fitness center, sauna & tennis courts. Close to the beach, shops, entertainment and Northside Park.
208 N Heron Dr #8 & Slip #36 Seascape 2 Bedroom 2 Bath Loft Style Unit
SOLD Under Contract in 3 Days -MDWO 2006512
208 N Heron Dr #4 & Slip #20 Seascape 2 Bedroom 2 Bath Top Floor Unit
SOLD SOLD-MDWO 2003270
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 3
PAGE 4
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 5
(Top row from left) Bill Baals with Dockside Properties, Woody Sharp with Keller Williams, Pat Pote with Coldwell Banker, Logan Cramblitt with Atlantic Shores Sotheby’s, Andy McConnell with Long and Foster, Corey Adamo with Long and Foster, Elizabeth Lioi with Burke Real Estate, Paul Sicari with Compass (Middle row from left) Wes Sides with Keller Williams, Dennis O’Brien with Lighthouse Home Inspections, Reilly Vich with Compass, Mary Wilson with Keller Williams, Sophia Park with Northrop Realty, Fred Robinson with Keller Williams, Steven Hamilton with Keller Williams, Matthew Olson with Long and Foster, Christopher Barreno with Long and Foster, Lauren Martini with Atlantic Shores Sotheby’s, (Bottom from left) Lindsey Wohlford with Atlantic Shores Sotheby’s, Wendy Wisch with Berkshire Hathaway, Alexus Davis with Keller Williams, Jess Foy with Keller Williams, Chuck Mounts with Berkshire Hathaway, Stephanie Camper-Young with Keller Williams, Sandra Gillis with Meredith Fine Properties, Noor Khalaileh with Meredith Fine Properties, Valencia Dickerson with Coldwell Banker, Adaly Soto-Perez with Long and Foster.
New members get orientation from Coastal (Berlin, Maryland) – The Coastal Association of Realtors welcomed 28 new members during new member orientation on Thursday, May 12. New member orientation is a requirement for all members of Coastal. Attendees are introduced to services provided by the association. The class is held quarterly. “We are very excited to have a full house at our May orientation and welcome 28 new members to the Coastal Association of Realtors. “This class has a mix of both brand new agents as well as experienced agents who have recently relocated to the Eastern Shore and are now calling it home. It is clear that both agents and homebuyers are looking for the quality of life that living on the eastern shore brings and we are excited to welcome them and wish them much success in their new careers,” said CAR President Grace Masten.
Questions arise about eonomic outlook in 2022 (NATIONAL HARBOR, Md.)– Two years after enduring the devastating financial impacts of covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors Chief Economist Lawrence Yun explained early this month, there are significant questions regarding the Continued on page 8
PAGE 6
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 7
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 8
EARLY-JUNE 2022
Inflation, mortgage rates slowing economy Continued from page 5 sector’s direction over the coming months. “Housing kept the economy afloat as home prices rose and buyer demand intensified,” Yun told 9,000 Realtors and industry experts in attendance at the 2022 Realtors Legislative Meetings during the event’s Residential Economic Issues and Trends Forum. “However, this year has already thrown some curveballs, including record-low inventory and unyielding inflation.” While housing supply appears to
be on the upswing as builders increasingly construct new homes, Yun says inflation will persist and in turn cause strain for would-be buyers. Additionally, other external economic factors will negatively impact the market, both indirectly and directly, he said. “The Russia-Ukraine war and escalating fuel prices have contributed to further housing unaffordability for buyers.” Yun explained that a more immediate impact for home seekers has been the rapid increase of mortgage rates, along with other anti-inflation-
ary actions from the Federal Reserve. “Mortgages now compared to just a few months ago are costing more money for home buyers,” he said. “For a median-priced home, the price difference is $300 to $400 more per month, which is a hefty toll for a working family.” NAR calculates purchasing a home is now 55 percent more expensive than a year ago. These rising mortgage rates and prices hurt affordability, and although wages are improving, Yun says they are “wiped away” due to inflation.
“Wages have risen by 6 percent from one year ago and that’s good news,” he continued. “But inflation is at 8. percent.” He estimates inflation will remain elevated for the next several months and that the market will see further monetary policy tightening through a series of rate hikes. Citing a five-month decline in pending home sales, as well as a drop in newly constructed single-family sales, Yun predicts the higher mortgage rates will slow the housing market.
LONG & FOSTER REAL ESTATE, INC. 11701 Coastal Hwy | Ocean City Square Shopping Center | 410-524-1700
WE HAVE BUYERS IF YOU WISH TO SELL GIVE US A CALL TODAY! SOLD
SOLD
38841 TYLER AVE SELBYVILLE, DE
KAREN RUSSO CELL: 410-262-7320
Waterfront 4BR/3.5 BA Stucco Colonial w/5 Decks & One Car Attached Garage in Sought-After Cape Windsor. Stunning features, Bonus Upper-Level Room, Sliding Glass Access to Expansive 30 x 9 Upper-Level Waterfront Deck w/Spectacular Views of The Canal, Bay And Ocean City/Fenwick Skyline. As Well As Upper-Level Master (DESU2008628) Suite, Bedroom 3 w/Sliding Glass Access to Private 14 x 6 Upper Level Balcony. Exterior Of Residence is an Outdoor Waterfront Oasis w/Waterfront Covered Rear Patio 9x27 Composite Deck w/Vinyl Railings, Lower Level 25x28 Composite Sun Deck, Vinyl Fenced Rear Yard, Boat Dock w/Electric Boat Lift, Landscaping, Paver Sidewalk and 8x6 Vinyl Shed to Store Your Boat & Beach Toys All Perfect for Outdoor Entertaining and Waterfront Fun. Furniture Negotiable. HOA Amenities Include Community Pool and Boat Ramp.
$925,000
14 68TH STREET, UNIT 105 OCEAN CITY 2BR/2BA condo in Sea Lodge on ocean block 68th street. Tastefully decorated and furnished. Wood grain ceramic tile plank throughout, open floor, updated kitchen with breakfast bar, upgraded countertops, tile backsplash, recessed lights, stainless steel (MDWO2006196) appliances, double oven, white cabinets with pantry, primary bedroom w/updated bath including shower w/ceramic tile surround, spacious 2nd bedroom with ample room to accommodate several guests and updated full hall bath and hall laundry w/W/D. Centrally located to everything the beaches have to offer including easy access to the route 90 bridge. Ground floor location allows for easy check in, check out and access to beach. A must see!!!
$391,500
Rarely available lot in prime, sought-after location with utilities available. The approximately 50 x 100 lot previously housed a 4 unit building $835,000 (MDWO114874) with some ocean views. Steps from the beach & convenient to many goods & services. All information by the county/city.
PLAZA #713
PLAZA #710
MARY MCCRACKEN CELL: 410-430-7302
PENDING 12902 ASSAWOMAN DRIVE OCEAN CITY
2bed/2bath Direct Oceanfront at 99th St. Master Suite and Living Room with Private Balconies overlooking ocean. Bayfront Bedroom also with $645,000 Private Balcony and Beautiful View. 2 level floor plan offers large space for everyone! Great Rental investment or perfect second home.
3Bed/2Bath Direct Oceanfront at 98th St. North End Condo with Private Bayside Patio and Direct Oceanfront Balcony. Over 1600sq ft of living space with large living room and master suite overlooking the ocean. Second Bedroom has balcony sliders to bayside patio deck with beatiful views of the bay. Premiere Oceanfront Building with Heated Outdoor and Indoo Pool, Kiddie Pool, Tiki Bar/Grill, Hot Tub and Sauna, On-site Management and 24Hr Security, plus Parking for 2 and Beach Storage.
$795,000
SEVERN I #107 Bayfront at 70th St. Gorgeous 3bed/3bath Bayfront Townhome. 2 Boat Slips with deep channel plus Gorgeous Natural Views of Bay and Bird Sanctuary. Custom Renovations with Plank Flooring, Updated Kitchen (granite, backsplash, hardware), Trim and Baths. Huge 12x20 Patio and 10x20 Deck plus Garage, with storage.
$359,000
NEW LISTING
11000 COASTAL HWY UNIT #1005 • OCEAN CITY
TOM NIEMKIEWICZ CELL: 410-603-2136
Southside unit w/fantastic views of the beach, the bay, and the city lights from the living area and both bedrooms. 2BR/2BA 1,090 s/f unit comes fully furnished and beautifully maintained. Oceanfront building w/easy access to beach, sundeck, $485,000 large heated indoor pool, exercise room, tennis court, library, (MDWO2007296) sauna, and game room. A private storage locker is available on the ground floor for all your sandy beach chairs and toys. The building has 3 elevators and on-site security. Close to shopping, entertainment, and restaurants.
Join Our Team At Long & Foster Ocean City! Stan Zaremba Branch Manager 410-520-2707 • Stan.Zaremba@LNF.com
Please call or email me for a confidential Conversation on joining our team:
Interested in a career in real estate? Classes forming now! Visit www.longandfoster.com/careers
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 9
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 10
EARLY-JUNE 2022
)+ *+ / 0+ 5 1 " $ " *-&$ $ )" ) - - & !-
,+ *+ 0 1+ 6 2 ! # ! *-&# # )! ) - - & -
&'()*-,+,,
&'()*-,+,,
(.,)+*1+,6-./0123645
'-(+)*+05,-./012534
" - )# ) #
& !
& !
",.#64$,6&%&&' , 5
&%&&
" - " ) #
&
!
",.#6 ,6&%& ' &%& %
&& !
2+$,6 ,6$ +,$ +'66,
" )! * - () "
& !
",.#64$,6&%&&' ,% 5
&%&& +
* #" - !*"#
&
!
",.#6 ,6&%& ' ,% &%& %
",.#64$,6&%&&' ,$%
&& !
5
2+$,6 ,6$ +,$ +'66,
%%3%%%
&%&&
# - )$ ) $
&&
&%& +%
& !
")-(53#)5%$%%& 4
%$%%
% !
% !
%!
%!
")-(53#)5%$%%&
")-(5 )5%$% &
")-(53#)5%$%%& ,%
")-(5 )5%$% & ,%
!
%%
&
%
%%
!
% !
",.#64$,6&%&&' %+ +++
",.#6 ,6&%& ' $$ ++
%%
%
%
")-(53#)5%$%%& +++
")-(5 )5%$% & %++
2+$,6 ,6$ +,$ +'66 ++ ++
%%
&
& %
%%
&%%
&
%
& %
%%
&&
4
& ) "- )# ) #
& -
%
& - * - - ! )
40
4$ 3 %
%$% %$%% % +++ +++ !
2+$,6 ,6$ +,$ +
4$,6&%&&
,6&%& ,%
4$ %
40 !
2+$,6 ,6$ +,$ +
2+$,6 ,6$ +,$ +
4$,6&%&& $
,6&%&
4$ %% !
!
5 $
4$,6&%&& - ++
,6&%& -
%$%% ,
%$% %
% !
1+#)5 )5# +)# +&55,
3 + #/5'- 5 ) +5 2$$$*
% $ %%
%$$
$
%
$
%$
%
$$
1+#)5 )5# +)# +&55 +
$
%$%$
%% !
40 %
4
3 ' 4 3 3 ' 4 3
%% !
%
!
$
&%&&
&%&
%$% %
, -*+ 5'# +*
4 5 4 4 5 4 &%&%
%$%%
% $2$$$
!
&%&& &%& +++ ,+ +++ &!
4
1+#)5 )5# +)# +&55
!
5
!
%$% ,
# )" ! * - () #
4 + $06 . 6 , )+6 3%%%*
* $# -!"*#$
")-(5 )5%$% & +
1+#)5 )5# +)# +&55
2+$,6 ,6$ +,$ +'66,
- .*+ 6 $ +*
!
% ! ",.#6 ,6&%& ' ,,
# - # ) $
5 -
& ) #- )$ ) $
& -
%$%%
%$%
& -! * - - " )
!
3 /
3#
3 /
1+#)5 )5# +)# +
3#)5%$%%
)5%$%
!
3#
3 / !
1+#)5 )5# +)# +
3#)5%$%%
)5%$% +
3# !
! 1+#)5 )5# +)# +
4 %
3#)5%$%% -% +
)5%$% -% %
4 -%
2 0 2 2 PU B L I S H I N G SCHEDULE Dates are listed as the Friday Publishing Date of Paper
TO EVERYO N E W H O H A S S E RV E D O U R C O U N T RY,
THANK YOU H A P P Y M E M O R I A L DAY
MAY ISSUE May 6th Springfest
September 2nd Labor Day Weekend
EARLY JUNE ISSUE
OCT. ISSUE
MID-JUNE ISSUE
DEC. ISSUE
May 27th Memorial Day Weekend
June 17th OC Air Show
JULY ISSUE
ROB & ANNE-MARIE BOUSE Phone# 443-783-7654 ambouseoc@gmail.com
Licensed in MD & DE
SEPT. ISSUE
July 1st 4th of July
October 21st Sunfest
November 25th Thanksgiving
JAN. 2022 ISSUE December 30th New Year’s Weekend
EARLY AUG. ISSUE August 5th White Marlin Open
RE/MAX Advantage Realty Office: 410-723-3600 11551 Coastal Hwy • Ocean City MD 21842
Dates are subject to change
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
PAGE 11
Local market sees historic highs and lows (Lower Eastern Shore, Md.) – Last month, $400,000 was the median sales price for homes in Worcester County and that was a historic high. For the lower three counties combined, the median price was $325,000 which was also a historic high and at the same time our active listings and inventory stay at historic lows. The summer is almost here and buyers looking to move to the shore are going to have a hard time finding their dream home with the lack of homes for sale.
The median home price is 14 percent higher than it was in April 2021 and up 6.6 percent from last month March 2022. There are currently only 382 active listings in the lower three counties as compared to 471 in April 2021 and 1,329 in April 2020 when the pandemic began. In all three counties throughout April, new settlements were down 18.2 percent compared to the same time last year. Individually, new settlements throughout April were up by 17.2 percent in Somerset and 6.6 percent in Wicomico, and down 30.7
percent in Worcester. New listings in April were down 21.7 percent compared to the same time last year in all three counties. Individually, new listings were down by 21.4 percent in Worcester, 23.2 percent in Wicomico, and 17.5 percent in Somerset from April of 2021. Active listings in all three counties were down by 18.9 percent from April of 2021. Individually, there were 195 active listings in Worcester, 130 in Wicomico, and 57 in Somerset. The median days on market for April 2022 was 7 which was the same as
2021. “There are only so many ways to say we don’t have enough homes to sell,” said Coastal Association of Realtors President Grace Masten. “We have been talking about inventory for two years and it’s not getting any better. Prices are continuing to rise and fewer homes are coming to the market. “Summer and early fall is our busiest time, and we are losing people who want to move to the shore to other areas of the country because we Continued on page 12
LIKE US ON
Neighbors Serving Neighbors - One Home at a Time 410-208-9200 • 800-337-7368 • 11065 Cathell Road, Ocean Pines • 8202 Coastal Highway, Ocean City • 410-723-9450 Licensed in MD, DE
• www.hilemanrealestate.com • e-mail: hilemanre@aol.com LOCATION, LOCATION, LOCATION
Tim
Ulrich Associate Broker 410-422-1441 Cell timrealestate9 @gmail.com
Waterfront property located in the Teal Bay Community of Ocean Pines. Direct access to open water. A rare find in today’s market! Spacious, 3BR/2.5BA home has been meticulously maintained w/many upgrades. Enjoy the boat dock w/lift for easy access to Saint Martin’s Neck River. Current owners have never rented property and have enjoyed it as their beach getaway. Many extra touches, 1st floor primary BR/BA, 2 additional BR/BA on 2nd level, along w/bonus room/den/large living area, and a 2nd floor private deck to enjoy the water views. Home offers many windows w/natural lighting. Brand new 50-year architectural shingle roof, new gutters, and fascia. Nice large back deck. Living room offers hardwood floors and fireplace. 1-car garage, concrete driveway, and extra room for parking.
$845,000
WOODED & SECLUDED
Cindy
Crockett REALTOR , GRI ®
Licensed in MD
410-430-0587 Cell Cindy@HilemanReal Estate.com
Sonia
Zaffiris Associate Broker GRI, CRS
Licensed in MD, DE
410-251-6217 soniasez@aol.com
Bradford
Bethany
Drew
Licensed in MD, DE
Associate Broker, GRI
Terri: 410-430-6875 Bethany: 410-430-2602 www.PO2Team.com Powerof2@PO2Team.com
LARGE 3/4 ACRE WATERFRONT LOT
In the Whitetail Sanctuary Section of Ocean Pines. New Boat Dock already in place for your Boating Enjoyment! Absolutely gorgeous views of Manklin Creek and the Isle of Wight Bay. Located at the end of a peaceful Cul-de-Sac. Opportunities like this don't come often! Please call for $529,000 plans and details.
Terri Associate Broker, GRI
4.58 acres building lot approximately 5 minutes south of Berlin. Septic System with 1500 gallon tank already on site for a 4 BR home. Short distance to the beaches & shopping, yet private and surrounded by nature! 10,000 sq ft septic reserve area, 2.42 acre Forest Retention area, and .91 buildable area. $229,900 Minimum 1700 sq ft single family home.
LOOK NO FURTHER!
Beautiful 3BR/2BA home w/LVP flooring throughout is located on a peaceful culde-sac. First floor showcases an open living/family room w/gas fireplace. Updated kitchen has new stainless-steel appliances, a breakfast bar, quartz countertops, and a pantry. Entry-level primary suite features a walk-in closet as well as its own bathroom. Second floor includes two bedrooms, a full bath, and walk-in storage in the hallway. Fenced-in backyard offers patio pavers and a screened-in porch. Detached garage and driveway allow for plenty of space to park your cars. South-gate location is closest to tennis courts, pools, restaurants, bike trails, and the year-round enclosed pool. Don't miss out on $389,900 this Ocean Pines gem and schedule your tour today!
RARE OPPORTUNITY AWAITS!
4BR/3BA historic colonial-style home located in the heart of downtown Berlin! Known as John A. Purnell House or Burley House the property has many intricate details that are hard to find. It includes wood flooring, crown molding, built-ins, high ceilings, and wood burning fireplaces. Inviting front porch boasts columns and leads to an entrance way that contains a decorative transom and side lights and opens to a foyer adorned w/stairs to second floor and room for guest entry. Primary bedroom has a walk-in closet and a cover porch from the second floor. Mature landscaping provides privacy and tucks the house away from the street view. Home sits on a large 1.39acre lot, a short distance to Stephen Decatur Park, elementary school, all the attractions, and restaurants of Berlin. Don't miss out on an amazing chance to own this historic home and dream of all the possibilities it has to offer. Call and schedule your tour today!
$474,900
SPRING HAS SPRUNG!
Greg
Nohe REALTOR®
Licensed in MD & DE
443-413-3077 Archangelnohe @gmail.com
BEAUTIFUL WATERFRONT DEAL ISLAND
Large Loft, BR/2BA. Experience Island Living, Rare Navigable Waterfront w/180 Ft. Bulkhead. Breathtaking Sunrises and Sunsets! Main Floor has Open Floor Plan - Living Room, Kitchen, w/New Granite Counters! Upper-Level Loft has 2 Spacious Rooms w/Fabulous Water Views of Tangier Sound!! Watch Boaters Sail by from the Marina. Home has Laundry Room, Double Car Garage w/High Bay Doors to Store Extra Large Items! Public Boat Ramp Less than 5 Minutes! Bring Your Boat, Jet Skis, Kayaks, Canoes. Owner Has More Renovations to Complete and will Work with Buyers to Choose Some Renovations of Their Choice! All Negotiations thru Listing Agent. Don't Let This Pass You By!! New Price! $390,000
Brenda
Nohe REALTOR®
Licensed in MD & DE
410-493-3847 BrendaSG1944 @icloud.com
ONE OF A KIND!
Rare opportunity to own a Riverfront Island Home on 3.6 Acres with private bridge access. Spacious 4 Bedroom, 4.5 Bath home with nearly 4000 sq.ft. Enter into an impressive 2 story Great Room with 6 skylights. Each Bedroom has its own bath. Natural Shoreline includes a private boat dock with boat lift & 2 jet ski lifts. Now $1,750,000
FIVE FANTASTIC ACRES
with direct water frontage on the Sinepuxent Bay! Relax on the bench overlooking the scenic pond. Dock your boats in the protected & bulkheaded canal, including a boat lift, storage shed & panoramic bay views. The expansive home truly contains a room for everything! Keep it the same or make it your own. Park over a dozen cars in the driveway. This is a must see for anyone that wants extra space, both inside and out just minutes from Assateague Island! $1,150,000
HERE'S THE ONE FOR YOU
NO CONDO FEES. Enjoy your 3BR/2.5BA open bay, bayfront townhome. Enjoy the waterfront living w/amazing views. Deep water dock w/boat lift. Property has never been rented. Back deck has been updated w/trex, and enjoy your 2nd floor master w/nice balcony. Many updates to the home have recently been done. Great location.
Debora E.
Hileman OWNER/BROKER GRI & CRS Licensed in MD, DE
443-235-5982 Cell Debbie@Hileman RealEstate.com
Lynette
Bridges-Catha CRS, PMN, GREEN, SRES
Licensed in MD, DE
443-497-3128 Cell Smilin4shore@comcast.net $725,000
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 12
EARLY-JUNE 2022
Homes with ‘green’ features seeing rise in sales activity (WASHINGTON, D.C.) – The number of Realtors involved with buying or selling a property with green features has significantly increased in the past year, according to a recent study from the National Association of Realtors. The 2022 Realtors and Sustainability Report surveyed NAR members nationwide regarding sustainability issues currently facing the real estate industry. Half of agents and brokers surveyed said they helped a client buy or sell a property with green features during the past 12 months, a notable jump compared to 32 percent in 2021. Nearly two out of three respondents – 63 percent – said that energy efficiency promotion in listings was very or somewhat valuable. Over half of agents and brokers – 51 percent – found that their clients were somewhat or very interested in sustainability. And 35 percent reported that their multiple listing service features green data fields. Among those with green data fields in their MLS, the top ways they were used were to promote green features (35 percent), energy information (24 percent) and green certifications (13 percent). “Sustainability continues to play a
Veronica Bishop
Mary Burgess
Kimberly S. Jones
Ollie Hitchens
Frank Kay
6159 ROCKAWALKIN RD SALISBURY, MD
157 OCEAN PKWY OCEAN PINES, MD
MLS MDWO2007768
MLS MDWC2004720
MLS MDWO2007744
Gary James
Ashlie Landphier
White Horse Park
Priced to sell and ready for your personal touches. Well maintained, one owner. Rarely available 3BR, which includes 2 queen beds, plus built-in bunk bed. Roof 5 years old. Plenty of parking or room for outside entertaining. Close to community pool. White Horse Park has all the amenities and just a few miles to the Atlantic Ocean and the Boardwalk of Ocean City MD. Note: White Horse Park CAN NOT be used as a permanent residence and is strictly enforced.
0 NANTICOKE RD SALISBURY, MD Chuck Leo
Bryan MacPherson
$79,900
Kelly MacPherson
MLS MDWC2001476
Prime Location!
4.67 acres of land zoned Residential on Nanticoke Rd, Brittani Phillips
Rose Poling
John Rego
Pam Wadler
Ron Wesche
Julie Woulfe
Salisbury MD!
Continued from page 11 don’t have the homes to offer them. It is time to get creative with zoning and building and encourage new homes to come to the market. “‘Accessory Dwelling Units’ in particular seem to be a very promising tool to help correct the market. We are encouraging all jurisdictions to take a good look at them and allow them in their counties or towns,” Masten said.
345 PINE CONE DR BERLIN, MD
$139,900
Donna Frankowski
Short supply still affecting sales
Demand is High – Now is the Time to Sell or Rent Your Property Let Us Get TOP DOLLAR for Your Home Sale or Rental
11049 Racetrack Road Ocean Pines, MD 21811 410-641-5000 Rosie Beauclair
growing role in consumers’ purchasing decisions, and this is becoming even more prevalent in the real estate market,” said NAR President Leslie Rouda Smith, a Realtor from Plano, Texas, and a broker associate at Dave PerryMiller Real Estate in Dallas. “With the residential property market, in particular, home buyers have expressed increased interest in ecofriendly factors like solar panels and energy efficiency.” Roughly three out of four Realtors Continued on page 16
$284,900
$369,000
Price Decrease!
Split-level 4BR/2BA/1HBA home on almost an acre of land in Hebron. Lower level boasts a large den/family room w/a ventless propane fireplace, fourth bedroom and large storage area would make a great workshop. Generous screened patio overlooks private fenced-in yard. Roof replaced 3 years ago. 4” well with in-ground pump and water softener. Seller is offering a one-year home warranty for peace of mind to the new owner.
North Gate
Move in ready! The perfect Y/R 3BR/2BA beach home w/many updates, high soaring ceilings and gorgeous wood accents. Plenty of storage – w/lg laundry room, primary walk-in closet, outdoor side storage closet, and lg backyard shed. French front doors have new glare proof glass, along w/shades when needed. Crawlspace has a poured concrete floor, dehumidifier (2020), Rheem Halo Air Purifier (2020), and two sump pumps! Sold as seen, partially furnished.
37 BOSTON DRIVE BERLIN, MD
12603 DAWN CIRCLE BISHOPVILLE, MD
$499,900
$199,000
MLS MDWO2006660
MLS MDWO2006886
Views of Manklin Creek
Prime Location!
Spacious Cape Cod w/views of Manklin Creek from lower and upper decks and two bedrooms. Featuring 5BR/3BA, walk in closets, and plenty of room for entertaining! This is the perfect home for a large family or second property vacation home. Off the kitchen is a large, tiled bonus room that leads to 3 season VinylTech enclosed porch as well as a deck! Vinyl 5' privacy fence is perfect for dogs or simply enjoying your backyard in peace. Detached 23 x 28 garage with high ceilings and more room for storage.
Last, build-ready lot in this exclusive, quiet, 12 house development tucked away in northeastern Worcester County. An amazing opportunity to build your dream home on this 1.26-acre lot terrific neighborhood. Short distance to DE and MD beaches, golf courses and resort areas. County boat ramp is only about a mile away.
NOT READY TO SELL?
WE’RE SEEKING LONG & SHORT TERM RENTAL HOMES
Let Us Manage Your Property – We Have a List of Qualified Tenant Applicants Just Waiting for Your Home ©2022 ERA Franchise Systems LLC. All Rights Reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate Powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each Office is Independently Owned and Operated.
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 13
In a period of massive national, corporate consolidation in the Ocean City vacation rental market, Resort Rentals LLC stands apart as the local rental agency with local professionals who know Ocean City and personally care for your property. 20 years in business, over 35 years local rental experience Local office with local agents • Proven history of success • Record rentals in 2021
Special Introductory Offer! 14% Commission for 2 Years. Trust Your Investment with Local Professionals
PAGE 14
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
Sales of existing homes continue to decline (WASHINGTON) – Existinghome sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors. Month-overmonth sales were split amongst the four major U.S. regions, with two areas posting gains and the other two experiencing waning in April. Yearover-year sales struggled, as each of the four regions reported dips. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slid 2.4 percent from March to a seasonally adjusted annual rate of 5.61 million in April. Year-over-year, sales dropped 5.9 percent (5.96 million in April 2021). “Higher home prices and sharply higher mortgage rates have reduced buyer activity,” said Lawrence Yun, NAR’s chief economist. “It looks like more declines are imminent in the upcoming months, and we’ll likely return to the pre-pandemic home sales activity after the remarkable surge over the past two years.” Total housing inventory at the end of April amounted to 1,030,000 units, up 10.8 percent from March and down 10.4 percent from one year ago (1.15 million). Unsold inventory sits at a 2.2-month supply at the cur-
rent sales pace, up from 1.9 months in March and down from 2.3 months in April 2021. “Housing supply has started to improve, albeit at an extremely sluggish pace,” said Yun. He also noted the rare state of the current marketplace. “The market is quite unusual as sales are coming down, but listed homes are still selling swiftly, and home prices are much higher than a year ago,” said Yun. “Moreover, an increasing number of buyers with short tenure expectations could opt for 5-year adjustablerate mortgages, thereby assuring fixed payments over five years because of the rate reset,” he added. “The cash buyers, not impacted by mortgage rate changes, remain elevated.” The median existing-home price for all housing types in April was $391,200, up 14.8 percent from April 2021 ($340,700), as prices increased in each region. This marks 122 consecutive months of year-overyear increases, the longest-running streak on record. Properties typically remained on the market for 17 days in April, equal to both the number of days in March 2022 and in April 2021. Eighty-eight percent of homes sold in April 2022 were on the market for less than a
month. First-time buyers were responsible for 28 percent of sales in April, down from 30 percent in March and from 31 percent in April 2021. NAR’s 2021 Profile of Home Buyers and Sellers reported that the annual share of first-time buyers was 34 percent. All-cash sales accounted for 26 percent of transactions in April, down from 28 percent in March and up from the 25 percent recorded in April 2021. Individual investors or secondhome buyers, who make up many cash sales, purchased 17 percent of homes in April, down from 18 percent in March and equal to 17 percent in April 2021. Distressed sales – foreclosures and short sales – represented less than 1 percent of sales in April, equal to the percentage seen in March and down from 2 percent in April 2021. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.98 percent in April, up from 4.17 percent in March. The average commitment rate across all of 2021 was 2.96 percent. Realtor.com’s Market Trends Report in April shows that the largest year-over-year median list price growth occurred in Miami (+38.3
percent), Las Vegas (+32.6 percent), and Orlando (+30.7 percent). Austin reported the highest growth in the share of homes that had their prices reduced compared to last year (+6.8 percentage points), followed by Las Vegas (+5.3 percentage points) and Sacramento (+4.7 percentage points). Single-family and Condo/Coop Sales Single-family home sales decreased to a seasonally adjusted annual rate of 4.99 million in April, down 2.5 percent from 5.12 million in March and down 4.8 percent from one year ago. The median existing single-family home price was $397,600 in April, up 14.8 percent from April 2021. Existing condominium and co-op sales were recorded at a seasonally adjusted annual rate of 620,000 units in April, down 1.6 percent from March and down 13.9 percent from one year ago. The median existing condo price was $340,000 in April, an annual increase of 13.1 percent. “As we find ourselves in the midst of a massive housing shortage, NAR continues to work with leaders across the private and public sectors to help close this deficit,” said NAR President Leslie Rouda Smith, a Realtor from Plano, Texas, and a broker associate Continued on page 16
EXIT CENTRAL REALTY 29787 John J Williams Hwy, Ste #6 • Millsboro, DE 19966 302-424-8221
ARE YOU LOOKING TO START, CONTINUE, WORK AS A TEAM IN REAL ESTATE? WORK WITH US! With a We have the professionals and the HOT MARKET tools to help you realize your goals. and LOW INVENTORY Text EXITDELMAR to 85377 for career and employment opportunities.
we are ready to sell your home with a seasoned professional either virtually or in person with a listing plan that meets your needs. Text EXITDELMAR to 85377
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
Maryland Title Service Phone: 410-723-2000 • Fax: 410-723-2001
11500 Coastal Hwy. #7 Ocean City, Maryland 21842 MarylandTitle@BeachSettlements.com
Full Service Real Estate Settlements Serving the Resort Area since 1989
contact
Helene Parks Richardson
Helene@BeachSettlements.com 410.723.2000 Office 443.735.2455 Cell
PAGE 15
PAGE 16
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
Investing in real estate? Some points to consider (Ocean City) - The appreciation of real estate over time has long made owning a home or an investment property a sound financial strategy. Prospective home buyers spend considerable time looking for a property they’re hoping to call home. Various factors, including property taxes and the reputation of local schools, may be considered as homeowners decide where to look for a new home. That vetting process is equally important, albeit slightly different, when buyers are considering investing in properties they don’t intend to live in. Real estate can be a great way to
diversify an investment portfolio and earn extra income. Before shopping for an investment property, novice investors may want to consider certain factors to determine if real estate is the best investment vehicle for them. • Rental potential and the local labor force — Location is a significant factor to consider when investing in real estate, but recent shifts in how and where people work could change the real estate investment landscape. A 2020 Gartner Inc., survey of more than 300 financial executives and leaders in the finance industry found that roughly 25 perContinued on page 21
EARLY-JUNE 2022
Sales of existing homes slows Continued from page 14 at Dave Perry-Miller Real Estate in Dallas. “As the nation’s largest real estate association, we are urging policymakers to enact zoning reforms, homebuilder incentives, and other necessary regulations to help correct this situation.” Regional Breakdown Existing-home sales in the Northeast rose 1.5 percent in April, reaching an annual rate of 670,000, a 10.7 percent drop from April 2021. The median price in the Northeast was $412,100, up 8.1 percent from one year ago. Existing-home sales in the Midwest grew 3.1 percent from the prior month to an annual rate of 1,310,000 in April, a 1.5 percent slide from April 2021. The median price in the Midwest was $282,000, an 8.7 percent
increase from one year ago. Existing-home sales in the South fell 4.6 percent in April, posting an annual rate of 2,490,000, which represents a decrease of 5.7 percent from one year ago. The median price in the South was $352,100, a 22.2 percent climb from one year prior. For the eighth consecutive month, the South recorded the highest pace of price appreciation in comparison to the other three regions. Additionally, the South is the only region to report year-overyear double-digit price gains. Existing-home sales in the West dipped 5.8 percent compared to the previous month, registering an annual rate of 1,140,000 in April, down 8.1 percent from one year ago. The median price in the West was $523,000, up 4.3 percent from April 2021.
Homes with ‘green’ features prove popular Continued from page 12 – 77 percent – said that properties with rooftop solar panels were available in their market. These numbers were highest in the West (89 percent) and Northeast (86 percent). Thirty-six percent said that homes with solar panels increased the perceived prop-
erty value, compared to 30 percent that said they had no effect. The report also noted rising anxiety among Realtors about the effect of climate change and extreme weather events on their businesses. More than one out of three respondents – 34 percent – said they were very or some-
what concerned about the impact of extreme weather events on the housing market. Jessica Lautz, NAR vice president of demographics and behavioral insights, said that the increased focus on sustainability in recent years is a win-win for all homeowners.
“More sustainable homes bring benefits to homeowners like cost savings from energy efficiency, health benefits from improved indoor air quality, and increased comfort and durability from material use and construction, and may also increase resale value,” Lautz said.
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
PAGE 17
Joe Wilson Broker Partner, REALTOR®, RSPS
443-235-8382 joewilsonsells.com
7501 Coastal Hwy. Ocean City, MD 21842 443-552-7579
10002 COASTAL HIGHWAY #101 • MARIGOT BEACH • OCEAN CITY
715,000
$
MLS MDWO2006776
• Renovated 3BR/2BA • Freshly painted walls, updated floors, new furniture • Move-in ready end unit • Oceanfront & bayside balcony • 2 assigned parking spaces • Few steps from the ocean! • Indoor pool • Located uptown Ocean City • Nearby restaurants, bar, mini golf, shopping
10002 COASTAL HIGHWAY #403 • MARIGOT BEACH • OCEAN CITY
550,000
$
• Renovated 2BR/2BA • Freshly painted walls, updated floors, new furniture • Move-in ready • Oceanfront balcony & primary BR • 2 assigned parking spaces • Few steps from the ocean! • Indoor pool • Located uptown Ocean City • Nearby restaurants, bars, mini golf, shopping
MLS MDWO2007682
10002 COASTAL HIGHWAY #105 • MARIGOT BEACH • OCEAN CITY
340,000
$
MLS MDWO2007928
• Renovated 1BR/1.5BA • Freshly painted walls, updated floors, new furniture • Move-in ready • Oceanfront balcony • 1 assigned parking space • Few steps from the ocean! • Indoor Pool • Located uptown Ocean City • Nearby restaurants, bars, mini golf, shopping
Bedrooms Start at $340,000, 1, 2 AND 3 BEDROOM UNITS 21 Bedrooms Start at $525,000 AVAILABLE FOR SALE and 3 Bedrooms Start at $715,000
OPEN HOUSES
Friday-Sunday 10am-4pm
PAGE 18
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
Safety upgrades for seniors’ homes don’t cost fortune Many seniors want to spend as long as possible residing in the comforts of their own homes. According to AARP’s 2021 “Home and Community Preferences Survey,” more than three-quarters of U.S. adults age 50 and older prefer living at home. But getting older often comes with certain deficits that may not make current living situations the safest for seniors. Retirement Living reports that an older person is treated in an emergency room for a fall-related injury nearly once every 10 seconds. Falls cause millions of injuries and 32,000 deaths a year, according to the U.S. Centers for Disease Control and Prevention. Seniors may be affected by low vision, mobility limitations, cognitive decline, balance issues, and loss of muscle strength. Certain adaptations may be necessary if seniors want to stay in their homes, particularly in older homes that have not recently been renovated. • Change knobs to levers — This is an easy modification. Levers are much easier for individuals with arthritis or persons who lack dexterity in their hands. Everything from doorknobs to faucet knobs can be replaced with levers. • Create zero-threshold entryways — Zero-threshold entryways, also known
as flush entries, do not require crossing a lip or any raised barrier. They can appear on doorways and showers and make it easy for people who have mobility issues, as well as those using scooters, walkers and wheelchairs, to move about unencumbered. • Clear clutter/move obstructions — One inexpensive modification is to remove extraneous furniture and accessories. Such a change widens walking spaces in a room and accommodates walkers and wheelchairs. In addition, furniture can be pushed to the room’s perimeter to make moving around easier. It’s also important to remove area rugs, as they’re often tripping hazards. • Install grab rails and supports — Minimizing falls could come down to providing support in key rooms of a home. Adding grab rails in the bathroom near the toilet and in the shower can help a person use those facilities without assistance. Install a grab rail close to seating in the kitchen to add support. • Consider smart lighting — Motionactivated or darkness-activated lighting switches and fixtures can automatically turn on lights, thereby improving visibility. Also, rocker light switches are easier to maneuver than standard togContinued on page 21
Have you been thinking of Selling? Don’t wait! NOW IS THE TIME! The market is still HOT and inventory is still LOW! Call today at 443-386-1967 and let’s get your place LISTED & SOLD! Have you been thinking of Buying? Let us help you find YOUR PLACE AT THE BEACH! Check out my website to see OC Listings: gregorywelsh.fathomrealty.com or call me for a FREE PROPERTY LIST! Gregory Welsh Realtor
443-386-1967
gregsellsmdhomes@gmail.com
Jackie Grove Associate Broker, GRI
443-336-8887
jackiekgrove@gmail.com
“Helping make your Beach Living Dreams Come True!”
8200 Fort Smallwood Rd., Greenland Beach, MD Branch: 410-255-SOLD
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
Bradford
Associate Broker • Lic. in MD & DE
410-430-6875
Drew
RANKED
#
1
Associate Broker • Lic. in MD & DE
for SALES VOLUME IN THE COASTAL ASSOC. OF REALTORS 2016 - 2019
410-430-2602 11065 Cathell Rd. Ocean Pines • 410-208-9200
www.PO2Team.com 65 OFFSHORE LANE • BERLIN, MD
$389,900
Look no further! Beautiful 3BR/2BA home w/LVP flooring throughout is located on a peaceful culde-sac. First floor showcases an open living/family room w/gas fireplace. Updated kitchen has new stainless-steel appliances, a breakfast bar, quartz countertops, and a pantry. Entry-level primary suite features a walk-in closet as well as its own bathroom. Second floor includes two bedrooms, a full bath, and walk-in storage in the hallway. Fenced-in backyard offers patio pavers and a screened-in porch. Detached garage and driveway allow for plenty of space to park your cars. South-gate location is closest to tennis courts, pools, restaurants, bike trails, and the year-round enclosed pool. Don't miss out on this Ocean Pines gem and schedule your tour today!
204 S. MAIN STREET • BERLIN, MD
$474,900
Rare opportunity awaits! 4BR/3.5BA historic colonial-style home located in the heart of downtown Berlin! Known as John A. Purnell house or burley house the property has wood flooring, trim, crown molding, built-ins, high ceilings, and wood burning fireplaces. Inviting front porch boasts columns and leads to an entrance way that contains a decorative transom and side lights. Primary bedroom has a walk-in closet. Mature landscaping provides a sense of privacy. Home sits on a large 1.39-acre lot, great location, short distance to stephen decatur park, elementary school, all the attractions, and restaurants of berlin. Don't miss out on an amazing chance to own this historic home. Call and schedule your tour today!
PAGE 19
Contact me if you are looking for a trusted and LOCAL lender for your mortgage needs! With my years of experience and knowledge of BEACH properties, we can get your loan closed quickly and smoothly!
PAGE 20
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
Coastal Association Affiliate Members Arrange the Change Sharon Knowles
Draper & Kramer Mortgage Corp Matthew Patterson
Liberty Pure Solutions, Inc Rick Kelly
Motto Mortgage Liz Buckley
Bay Acquisitions Inc Harry Hammel
Eastern Title and Settlement Josh Greene Diana Dovel
LightHouse Home Inspections Dennis O’Brien
MSC Home Inspectors James Howard
Bayshore Appraisals, Inc Janet Jones Brennan Title Company John Brennan Daniel Erb Brumbley Appraisal Services Alfred Brumbley Caliber Home Loans Joel Bailey Capitol Title Insurance Agency Kathy Burton Maura Burton Pilar Burton William Splitgerber Coates, Coates & Coates Thomas Coates W. Hank Fisher Commission Express Jason Horwitz CTW Real Property Appraisals C Terence Wittstadt D3 Corp John Gehrig Davis, Bowen & Friedel, Inc Jennifer Skarren
Elite Valuations, Inc Kathleen Hoffman Stephanie Rinck Embrace Home Loans Jason Cook First Home Mortgage Corp Conner Saulsbury Robert Budd Alex Hupke Eric Short First Shore Federal S & L Susan Vincent Randy Merritt Jr Debra Tingle Gary K. Marshall Insurance Agency David Galeone Gismondi Insurance Assoc Beth Gismondi Greater OC Chamber of Commerce Nancy Schwendeman Guaranteed Rate Affinity Paul Soule
DeChant Appraisal & Realty Srv Michael DeChant
High Tech Home Inspections Scott Donnelly Christopher Lane
Deeley Insurance Group Laura Bren Jill Gormley
House Master Kathy Hoffman
Delmarva Appraisals LLC Beverly Wilson
Integrity Appraisals Karen Vara
Direct Mortgage Loans Billy Apostolou Caleb Miller
L Turner Appraisals LeRoy Turner
Loan Depot Richard Proctor Danielle Caine Justin Kozera Main Street Home Loans Norman Tucker Kim Tucker Debbie Wayland Marr Appraisals Inc Kenneth Marr Elizabeth Filgueras Maryland Department of Housing and Community Development Cecilia Weller Maryland Title Service Helene Parks Richardson Sean Lyons Joseph Raskauskas Chrissy Roberts McLean Mortgage Shawn Hunt Joanna Cherlariu Devon Eastlack Rebecca Harwell Beth Hunt Zach Hunt Aaron Jones Zach King Sam Kotzur Kristine Labert Mid-Atlantic Settlement Services Susan Lloyd Kelly Green Mortgage Network Hope Morgan Patrick Clark Hamilton Morgan Joan Mulvaney
OCMD Appraisals Justin Drost Oracle Home Inspection Paul Vaillancourt PrimeLending Rod Flowers Pro-Spect Inspection Services Tia Lipko Jonathan Fourquet-Laboy Tim Harriger Eric Hastings Bradley King Jay Mast Jared Mast Garr Owens Nicholas Strayer Real Estate Title and Escrow Devin Holland Salisbury Neighborhood Housing Cheryl Meadows Amanda Smith Shorelock Home Inspections, LLC Jay Aydelotte Superior Appraisal Service Meggin Nicholson Beth Bittle Carrie Brown T & G Builders, Inc Gary James John Rego The Gold Standard Inspection Company Todd Williams Diana Bruce The Mortgage Link, Inc Chrissy Summers Wesbanco Laura Vest
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
Good, bad of property investing Continued from page 16 cent will move at least one out of every five of their on-site workers to permanently remote positions in the years ahead. Economists note that this shift to remote working could be among the more lasting trends to emerge from the pandemic. Before investing in real estate, prospective investors should examine local trends to see if more and more locals are working remotely, and whether or not that’s affecting the market for rentals. • To flip or not to flip — Flipping properties gained popularity in the second decade of this century, but figures from the property database curator ATTOM Data Solutions indicates that returns on investments in flipped properties declined for the third straight year in 2020. Though flipping can still yield a strong return, investors may not realize the returns on flipped properties that they might have realized as recently as five years ago. Potential investors should conduct some research regarding real estate market trends, including flipping data where available, to make the most informed decision possible. • Condition of the property — Product shortages were another trend to emerge during the pandemic, and disruptions to the supply chain will not necessarily go away anytime soon. In
addition, the cost of various products associated with home improvements, including lumber, skyrocketed during the pandemic. The National Association of Home Builders noted that while lumber prices declined in 2021, the price of lumber packages quoted to builders remained high. That means real estate investors who invest in properties that will need work could be forced to pay a lot to fix these properties. And ongoing supply chain issues could extend the time it takes to renovate a property. Investors must be able to bear these costs and lag times to make the most off their real estate investments.
PAGE 21
COME SEE OUR NEW OFFICE IN WEST OCEAN CITY! WE’D LOVE TO MEET YOU!
Safety upgrades can help seniors Continued from page 16 gles. • Invest in a stairlift — Single-story homes are preferable for growing older gracefully, but many seniors live in multi-story homes. A stairlift makes a multi-floor home more accessible, according to Elder, an eldercare service provider. Stairlifts make it easier to traverse staircases and reduce the risk for falls.
NEW COLDWELL BANKER B REALLTTY GLOB BAL LUXUR RY Y LISTIN NG HITS THE MARKET!
$700,00 00
Tammyy Medlock
Saales Associate, REALLTTOR®, RSPS Liicensed in MD & DE
Mobile: 410-3200-4008 • Direct: 410-723-6090 • Office:: 410-524-1203 Web: www.ocmddbeachhomes.com Email: tammy.m medlock@cbmove.com Find Me On Faceebook: https://www.facebook.com/tam p mmymedlockrealtor/ y
12207 Coastal Hwy., Suite D • Ocean City, MD 21842 ©2022 Coldwell Banker. All Rights Reserved. Coldw well Banker and the Coldwell Banker logos are trademarks of Coldw well Banker Real Estate LLC. The Coldwell Banker® System is comprised of company oowned offices which are owned by a subsidiary of Realogy Brokeragge Group LLC and franchised offices which are independently owned and operated. The Colddwell Banker System fully supports the principles of the Fair Housinng Act and the Equal Opportunity Act. If your home is currently listed with anotther broker, please disregard. It's not our intention to solicit the offeerings of other agents.
12720 Ocean Gateway, Unit 3 • Ocean City, MD 21842 www.ironvalleyoceancity.com • Office: 443-205-4007 • 302-541-8787
PAGE 22
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY-JUNE 2022
EARLY-JUNE 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 23
PAGE 24
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
JAMIE CAINE
Associate Broker
410-726-0725 | 410-723-8520 | JamieCOCMD@gmail.com
Search All Active Listings At: www.jamiecaine.com
LIST with a
EARLY-JUNE 2022
12207 D Coastal Highway Ocean City, MD 21842 410-524-1203
LEADER
Knowledge • Experience • Dedication • Long History of Selling Ocean City • Handled Over 97 Transactions in 2020 • Over 40 Million in Gross Sales in 2021 • Personalized Hands-On Service
LIST With Me To Get
Your Property SOLD!
37800 SALTY WAY E • SELBYVILLE, DE PRICE REDUCED
• Waterfront home • 2-car garage • Boat Dock • Formal Dining & Living Room • Gas Fireplace in Family Room • Close to MD & DE beaches
$749,000 13027 OLD BRIDGE ROAD • OCEAN CITY
9552 WHALEYVILLE ROAD • BISHOPVILLE • Approx. 26-acre Farmette • Architect drawn house plans to county codes w/permits • New, inspected well and septic • 24x48 Detached Garage/Pole Barn w/Heat/AC • Remote-Controlled Iron Gate • Close to Beach
• 4BR/4 FULL BA/2 HALF BA • Custom Built by Joe Dashiell • Custom Design & Décor • Ocean City Skyline views • Located in West Ocean City
$2,099,000 5801 ATLANTIC AVENUE • UNIT 1004 • OCEAN CITY • 2BR/2BA • Ocean Front Condo • Water Views • Private Balcony • Masonry Construcion • Hurricane Shutters • Mid-Town Location • Swimming Pool • 2 Parking Spaces
$585,500
$399,999 510 PENGUIN DRIVE UNIT 102B • OCEAN CITY
• 2BR/2BA • Lg 1st Floor condo • Lg Private Balcony • Just outside one of OC’s largest pools
• Well Maintained • Desirable OC Location
$329,900
The property information herein is derived from various sources that may include, but not limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Real estate agents affiliated with Coldwell Banker Realty are independent contractor agents and are not employees of the Company. ©2022 Coldwell Banker Realty LLC. All Rights Reserved. Coldwell Banker Realty LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker, the Coldwell Banker logo, Coldwell Banker Previews International and the Previews logo are registered service marks owned by Coldwell Banker Realty LLC. 07/15
