Real Estate
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, ....................................................................................Gabby Goodwin
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
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY PAGE 2 FEBRUARY 2023
INDEX OF ADVERTISERS Nanette Pavier/Holiday Real Estate.............................................Page 2 Northrop Real Estate.....................................................................Page 3 Hileman Real Estate......................................................................Page 4 OCVacations.com.......................................................................... Page 5 Team Bouse House/Re-MAX Advantage Realty..........................Page 6 Kim Dixson/RedFin Real Estate...................................................Page 6 John Dixson/L Mortgage Capital, Inc...........................................Page 6 MD Dept of Housing and Community Development ...................Page 7 CMG Home Loans.........................................................................Page 8 Berkshire Hathaway PenFed Realty.............................................Page 8 Berkshire Hathaway PenFed Realty..............................................Page 9 Berkshire Hathaway PenFed Realty............................................Page 10 Berkshire Hathaway PenFed Realty.............................................Page 11 Kevin Heselbach/Engel & Volkers...............................................Page 12 Mortgage Link..............................................................................Page 12 Linda Zaretsky/BHHS.................................................................Page 13 Buckley Property Services............................................................Page 13 Long & Foster...............................................................................Page 13 Lauren Smith/Keller Williams Realty.........................................Page 14 Tammy Medlock/Coldwell Banker Realty...................................Page 14 Colleen Deptula/Coldwell Banker Realty....................................Page 14 Vacasa...........................................................................................Page 15 Maryland Title Service.................................................................Page 16 Nanette Pavier Cell: 443-235-3498 Main Office: 7700 Coastal Hwy., Ocean City, MD 410-289-8888 For Updated Prices & More Listings: Call 443-235-3498 Scan code or Visit my Website WWW.OCEANCITYMDCONDOS4SALE.COM It’s Time To Own A Beach Home! Your Delmarva Resort Specialist Licensed in Maryland & Delaware 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 Marina Community of Heron Harbour Isle offers Condos with 1 Bedroom up to 3 Bedrooms, Townhouses with 3 or 4 Bedrooms & Single Family Homes Visit the Sales Center for information on current listings and view the wonderful community amenities. Seascape Condos One & Two Bedroom Condos & Boat Slips Harbour Club Condos Two Bedroom Condos & Boat Slips Baywatch I, II & III Condos Two & Three Bedroom Condos & Boat Slips Sanctuary Townhouses Three & Four Bedroom Towns & Boat Slips
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY FEBRUARY 2023 PAGE 3
Pending home sales go up in December
All four U.S. regions saw yearover-year decreases in transactions, with the West experiencing the largest decline at 37.5 percent.
WASHINGTON – Pending home sales increased in December for the first time since May 2022 — following six consecutive months of declines — according to the National Association of Realtors.
The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains.
The Pending Home Sales Index (PHSI) — a forward-looking indicator of home sales based on contract signings — improved 2.5 percent to 76.9 in December.
Year-over-year, pending transactions dropped by 33.8 percent. An index of 100 is equal to the level of contract activity in 2001.
“This recent low point in home sales activity is likely over,” said NAR
Chief Economist Lawrence Yun. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”
Regionally, the Northeast PHSI dropped 6.5 percent from last month to 64.7, a decrease of 32.5 percent from December 2021.
The Midwest index shrank 0.3 percent to 77.6 in December, a decline of 30.1 percent from one year ago.
The South PHSI rose 6.1 percent to 94.1 in December, dropping 34.5 per-
cent from the prior year. The West index advanced 6.4 percent in December to 58.6, decreasing 37.5 percent from December 2021.
“The new normal for mortgage rates will likely be in the 5.5 percent to 6.5 percent range,” Yun added. “Job gains will steadily become important in driving local home-sales markets. The South, in particular, is set to outperform the rest of the country, thanks primarily to better job market conditions in this part of the country compared to other regions.”
OPPORTUNITY AWAITS!
3BR/2BA home located on a cul-de-sac in Strawberry Village. Living room leads to a lg eat-in kitchen. Spacious primary bedroom has shower/tub and dual sink vanity. W/little
Cindy Crockett
55 Community! HOA takes care of yard cutting and maintenance. This model includes 2 Bedrooms PLUS a 3rd Bedroom/Den. Hardwood Flooring, Crown Molding, Chair Rails, 10' Ceiling, Double sided gas fireplace, rear paver patio. Primary BR w/ beautiful tray ceiling, extra large walk-in closet, double vanity, garden tub and 5' shower! $409,999
STRAY FOX WATERFRONT LOT
REALTOR®, GRI
Licensed in MD 410-430-0587 Cell Cindy@HilemanReal Estate.com
with a private boat pier offering stunning waterviews and access to Newport, Sinepuxent, and Chincoteague Bays! Peaceful, well-kept community with oversized lots and low fees.Close to Ocean City, Assateague Island, Historic Berlin, and many more attractions! Ready for you to build the home you've always wanted!
$489,900
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY PAGE 4 FEBRUARY 2023
Increase in activity comes after six-months of declines in country’s four regions LIKE US ON 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 Neighbors Serving Neighbors - One Home at a Time Terri: 410-430-6875 Bethany: 410-430-2602 www.PO2Team.com Powerof2@PO2Team.com Licensed in MD, DE 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 PlanLiving 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 Greg Nohe REALTOR® Licensed in MD & DE 443-413-3077 Archangelnohe @gmail.com Brenda Nohe REALTOR® Licensed in MD & DE 410-493-3847 BrendaSG1944 @icloud.com Debora E. Hileman OWNER/BROKER GRI & CRS Licensed in MD, DE 443-235-5982 Cell Debbie@Hileman RealEstate.com Sonia Zaffiris Associate Broker GRI, CRS Licensed in MD, DE 410-251-6217 soniasez@aol.com CRS, PMN, GREEN, SRES Licensed in MD, DE 443-497-3128 Cell Smilin4shore@comcast.net Lynette Bridges-Catha A GREAT OPPORTUNITY Bring your expertise to make this house a home. Beautiful Hardwoods and lg rooms, high ceilings. Built in 1909. Lg parlor/sitting room on 1st floor, living room, dining room and lg wooden staircase. Driveway runs alongside home and shed in backyard. Buyers should do their own due diligence to measure property and confirm all information to their satisfaction including but not limited to schools, sizes, tax information. $139,500 NEW PRICE! EXCELLENT CUL-DE-SAC LOCATION across from water in over
TLC, this home will make a great place to live. Community sits between Berlin and Salisbury w/just a short drive to all the restaurants, shops and attractions! Ground rent covers lot rent, water & sewer, and taxes. Call for your personal tour. $99,900 GREAT OPPORTUNITY! This 9.75 acre lot located next to the Mill Pond community offers wooded and cleared grounds. Part of the lot is in town limits of Selbyville which allows to connect to public water and sewer. Possibly subdividable. $549,900 Terri Bradford Associate Broker, GRI Bethany Drew Associate Broker, GRI 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 plans and details. $599,900 NEW LISTING! NEED LISTINGS!
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY FEBRUARY 2023 PAGE 5
First-time buyer show on Hulu
CHICAGO – The third season of First-Time Buyer by the National Association of Realtors is now available to watch on Hulu.
The unscripted television series, created by NAR in 2020, provides an accurate representation of the American homebuying process while highlighting the important role that Realtors play in helping U.S. consumers achieve the dream of homeownership.
"First-Time Buyer provides a unique and authentic glimpse into the homebuying journey, and the challenges and triumphs that come with it," said NAR President Kenny
Parcell, a Utah Realtor.
The eight new episodes – filmed across Houston and Tampa – follow different individuals, couples and families through their first homebuying journey.
"The stories featured in this season of First-Time Buyer are relatable and inspiring," said NAR head of production Alicia Bailey.
First-Time Buyer is an extension of NAR's consumer advertising campaign, "That's Who We R", which works to elevate the Realtor brand by highlighting unique differentiators, such as Realtors’' commitment to the association's Code of Ethics.
Mortgages increase slightly
MCLEAN, Virginia — Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.12 percent.
“Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week,” said Sam Khater, Freddie Mac’s chief economist.
“The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their
way back to the market just in time for the spring homebuying season.”
• 30-year fixed-rate mortgage averaged 6.12 percent as of Feb. 9, up from the previous week when it averaged 6.09 percent.
A year ago at this time, the 30-year fixed rate mortgage averaged 3.69 percent.
• 15-year fixed-rate mortgage averaged 5.25 percent, up from last week when it averaged 5.14 percent. A year ago at this time, the 15-year mortgage averaged 2.93 percent.
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY PAGE 6 FEBRUARY 2023
~ THOM NEVER DONE.” TO DO SOMETH WILLING YOU MUST BE NE SOMETHING SOMETHINGYOUYOUVE 'VE ANT“IFYOUWA IF YOU W Anne-Marie: 443-783-76 ambouseoc@gmail.co JEFFERSON AS YOU'VE ING HAD EVER 54 m 11551 Coastal Hwy • Ocean City MD 21842 410-723-3600 Office: Realty RE/MAX Advantage Rob: 443-783-6655 Robbouseoc@gmail.com pay a 1% listing fee when you buy and sell Contact Kim for a no-obligation home-value c Kim Dixson REDFIN AGENT Sell for more, 443-373-1328 • kim.dixson@ redfin.com License #650977 Agents.* onsultation. REDFIN Redfin - Direct: 410-868-5666 redfin.com with Redfin 190 W. Ostend St., #200 Baltimore, MD 21230 11900 Coastal Highwayy, , Unit 501, Ocean City $679,000 6201 Atla Unit 103, $60 listings by other brokerages, per a 2019 ou sell first we will initially charge a 1.5% 750 minimum Redfin commission. Listing on provided is not guaranteed and should ntic Avenue Ocean City 5,000 land Court isbury 75,000 *Sell for more based on difference between the sale and list prices of Redfin listings versus those of comparable study. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. If y listing fee and then send you a check for the .5% difference after you buy your next home with Redfin. Subject to $3, commission subject to change. Buyer’s agent commission not included. More info at redfin.com/disclaimer. Informati be independently verified. If you are currently working with an agent, this is not a solicitation of your business. 401 144TH Street Unit 202, Ocean City $282,000 607 Up Sal $2 Make Yourself At Home WITH THE BEST MORTGAGE We Offer A Lot of Specialty Loans No Closing Costs Refinance transactions 1st mortgages with largest lender credits on the market DSCR No income investment property loans, best in the industry Most competitive interest rates on the market 30 Years Experience Senior Loan Officer Bank Statement Loans for Self-Employed Don’t miss your Dream Home, Don’t miss your Investment Property with Air BNB and VRBO making the market exciting again. John -Jay W Dixson Senior Loan Officer NMLS#1416824 443.822.9804 Jdixson@emortgagecapital.com 939 E Santa Ana Blvd, Santa Ana, CA 92701
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY FEBRUARY 2023 PAGE 7
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21009 TRAILSIDE CT • FRANKFORD, DE
129 BOBBYS BRANCH RD #14 • MILLSBORO, DE
3BR/2BA 2 ranch style in well maintained community w/pool, close to shopping, schools, restaurants, & minutes to beach. Original owners loved this home/neighborhood, & lightly used the house. Open floor plan, wide entry hallway, split bedroom w/primary bedroom at back of home, separate laundry room, 2 car garage, & spacious deck are just some of the features.
$725,000
(DESU2029354)
years of ownership.
$299,900
(DESU2033506)
12301 JAMAICA AVE #M148M3 • OCEAN CITY, MD
First floor canal front 1BR condo w/deeded boat slip waterfront private deck. Located at lg cul de sac at the end of 123rd St, only steps to outside community pool. Fresh neutral paint, newly installed waterproof plank flooring, newer HVAC (2018) w/service contract, pleasant furnishings, updated bath vanity, toilet, & ceramic tile. Extra shelving in laundry closet. Storage closet on covered deck also has newly installed built in shelving. The Hidden Harbour complex is known for its beautiful landscaping and well-maintained common areas. Make this your new beach getaway!
$329,900
(MDWO2011946)
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY FEBRUARY 2023 PAGE 13 lindazaretsky.penfedrealty.com linda.zaretsky@penfedrealty.com 11001 Manklin Meadows Lane Ocean Pines MD 21811 410-208-3500 Linda Zaretsky REALTOR®, Licensed in MD & DE (410) 603-6625 (Primary) Assisting buyers and sellers for over 12 years in the beach area including Worcester County and Sussex County, DE Let me help you! VICES, L L S E R PR O P BUC KLEY kd ppraisal company C om p an y C . TY E R arerefinancing, thhth through the H full-service commercial A RealEsta A appraisalprocessfrom Otifiddli Our certified and li d land residential real estate ap App raisal te mstarttofinish.Whetheryoua idtillidth icensed team will guide you Ocean City and surrounding areas as well as Sussex C Family owned and operated business ser Services can help with all your appraisal n negotiating a contract, or financing your mortgage, B appraisal process from start to finish. Whether you a vices.co tySer wwww..BuckleyProper 410-524-7124 • office@buckleypr Fax: 410-524-7123 • Phone: , MD 2 103 120th Street, Suite B, Ocean City Approved for FHA-MD & D HUD Appraiser-MD Certified General Appraiser Owner and Chief AM GREER BUCK PA P ounty Delaware. ving eeds. uckley Property are refinancing, m opertyservices.com 1842 E & DE KLEY Stan Zaremba Branch Manager 410-520-2707 Stan.Zaremba@LNF.com Interested in a career in real estate? Classes forming now! Visit www.longandfoster.com/careers Please call or email me for a confidential Conversation on joining our team: Join Our Team At Long & Foster Ocean City! 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! TIMOTHY MEADOWCROFT CELL: 443-235-7266 Perfectly situated on private corner lot backing to wooded buffer w/wildlife views. Foyer flows into great room. First floor study, guest BR & full BA before stairs for privacy. Family entry off 3-car garage, laundry w/built in WFH area. Great room w/high ceilings, gas fireplace open to kitchen w/an XL-island & quartz counters, double ovens, counter space, storage & dinette. Owner's suite w/ tray ceiling, double vanity, walk-in shower, & LG walk-in closet. 2nd level opens to loft, 2BR’s & 1FBA. Screened porch, custom window shades, fresh paint, vinyl plank flooring, ceiling fans & 3rd garage stall addition. Sellers willing to contribute to a 2/1 interest rate buy down w/acceptable offer. This program buys down the buyers interest rate for the first two
• 5BR/6BA + 3-Car Garage: raised storage area & small kitchen area
• Direct Bayfront, 7898 Sqft
• Expansive paved decking, custom paved driveway, multiple balconies
• Infinity swimming pool, Integrated hot tub w/lighted pier, boat lift & 2 PWC lifts
• Sweeping staircases, formal & casual living areas, 2 fireplaces
• Custom chef’s kitchen w/2 dishwashers, enormous refrigerator, granite counter tops & wood cabinets
• Formal dining area & sunny relaxed family area
• Fully equipped Theatre Room & Billiard Room
• Elevator
• Summer kitchen (2021) equipped w/large screen TV, kegerator, small refrigerator, tandoor, ice maker, 2 grills, approx. 168
colleen.deptula@cbmove.com
443-880-3471
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY PAGE 14 FEBRUARY 2023 LISTING W NE AYY!! DOT DREAM Y OCEAN CIT LIVING THE STTAART 12 , ATTURDAYY, : HOUSE OPEN SA AY A BA ARONOMINK AYYSIDE WAT T E R F R ONT W A –MP2 /BOAAT T SLIP • Fully Furnished • Canal & Marina Views CITY 308 13THSTREET UNIT A3 (9B) OCEAN Y, , MD L L MLS#MDWO201 • 24’ Boat Slip up to Boat • New Community Bulkhead, Pier, • Updated 2BR/2 Full BA • Great Downtown Location, Close Ocean & Boardwalk • T Steps to the World-Famous Whit Open Sportfishing Toournament $439,000 h thit i AS itth S itth Decking to e Marlin • Updated Kitchen, Ba Paint • 1-Assigned off stree • ong demand f Str foor • 2022 VRBO income • ondof Low c feees, self • No condo assessme 2006 , HV ths VAAC, Flooring, t Parking Spot 2023 Rentals (opt) approx. $20K -managed nts & strong reserves mi ur aur u a a u m renA.S ren A. Sm e: 302-360-0300 cffiO y Beach, DE ren A. r mi 410-245-9915 au 39682 Sunrise Ct • Bethan LaurenASmith@KW.com ealtor® Lic REALLT T Y R ensed in MD & DE Unlimited Stunning Sunsets Inclu PRICE REDUCTION! ded! Taammy T y Mobile: 410-320 Web: www.ocmd Email: tammy.m Find Me On Face y $1,210,0 Medlock Medlock -4008 • Direct: 410-723-6090 • Office: dbeachhomes.com edlock@cbmove.com book: https://www.facebook.com/tam Sa Li 000 410-524-1203 mymedlockrealtor/ REAL les Associate, LTTOR®, RSPS censed in MD & DE 12207 Coastal H ©2022 Coldwell Banker. All Rights Reserved. Coldw Coldwell Banker® System is comprised of company o which are independently owned and operated. The Cold If your home is currently listed with anot wy., Suite D • Ocean City, MD 21842 ell Banker and the Coldwell Banker logos are trademarks of Coldw owned offices which are owned by a subsidiary of Realogy Brokerag dwell Banker System fully supports the principles of the Fair Housin ther broker, please disregard. It's not our intention to solicit the offe ell Banker Real Estate LLC. The e Group LLC and franchised offices g Act and the Equal Opportunity Act. rings of other agents. COLLEEN DEPTULA REALTOR®
SQFT. • Energy efficient solar panels • Across Sinepuxent Bay to Assateague Island We are a subsidiary of Anywhere LLC 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 Residential Brokerage are independent contractor agents and are not employees of the Company. ©2023 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate 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 and unregistered service marks owned by Coldwell Banker Real Estate LLC. 10771BALT_07/15 SEASIDE ON SOUTH POINT! 6502 South Point • Berlin, MD Contact Colleen for Your Personal Showing! 5700 Coastal HWY, Suite 101 Ocean City, MD 21842 410-524-6111
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY FEBRUARY 2023 PAGE 15
COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY JUST T SOOLD 410.723 Helene@ Helene contact .2000 Off BeachSettle Parks R ice ments.com ichardson