Hileman Real Estate

Continued from page 4 est since NAR began tracking the data.

All-cash sales accounted for 26 percent of transactions in November. That’s identical to October and is an increase of 24 percent from November last year.

Individual investors or secondhome buyers, who make up many cash sales, purchased 14 percent of homes in November, down from 16 percent in October and 15 percent in November 2021.

Distressed sales

Distressed sales – foreclosures and short sales – represented 2 percent of sales in November, virtually unchanged from last month and one year ago.

According to Freddie Mac, the 30year fixed-rate mortgage averaged 6.31 percent as of December 15. That’s down from 6.33 percent last week, but up from 3.12 percent one year ago.

“The market may be thawing since mortgage rates have fallen for five straight weeks,” Yun added. “The average monthly mortgage payment is now almost $200 less than it was several weeks ago when interest rates reached their peak for this year.”

Realtor.com’s Market Trends Report in November shows that the largest year-over-year median list price growth occurred in Milwaukee (+38.1 percent), Memphis (+26.9 percent) and Miami (+24.8 percent).

Phoenix reported the highest increase in the share of homes that had prices reduced compared to last year (+28.4 percentage points), followed by Austin (+23.8 percentage points) and Denver (+21.0 percentage points).

Single-family,Condo Sales

Single-family home sales declined to a seasonally adjusted annual rate of 3.65 million in November, down 7.6 percent from 3.95 million in October and 35.2 percent from one year ago.

The median existing single-family home price was $376,700 in November, up 3.2 percent from November 2021.

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

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 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! UpperLevel 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

Sonia Zaffiris

Associate Broker GRI, CRS

Licensed in MD, DE 410-251-6217 soniasez@aol.com NEED SOME ELBOW ROOM?

How does 7 acres sound, with some major utilities already in place? Partly cleared and partly wooded, with a cleared building site, an 85 foot Well and Standard Septic installed in 2001. Existing chain link dog pen with concrete slab. Forest Conservation Easement and small area of non-tidal wetlands in rear. $179,900

Cindy Crockett

REALTOR®, GRI EVERYTHING YOU WANT IN A HOME SEARCH CAN BE FOUND RIGHT HERE!

Located in Pennington Estates, within walking distance to Dining, Shopping, Banking, and more. Oversized lot contains almost 3/4 acre, a fenced-in rear yard, 18x12 Storage Shed, Double Garage, Screened Porch, Rear Paver Patio & Stone Surround Deck with Gas Grill. Numerous upgrades throughout, such as 9 Foot Ceilings, Tray Ceilings, Crown Molding, Plantation Shutters, Silestone Quartz Counter Top, Top-of-the-line Stainless Steel appliances, Farm Sink, under-counter Kegerator, Pot Filler Faucet over Stove Top, Invisible 5.0 Dolby Surround Sound, Security System, Custom Tiled Showers, Designer Vessel Sinks, Large Laundry Room, Brew Room, and Bonus Room! $649,900 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. $1,750,000

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

Debora E. Hileman

OWNER/BROKER GRI & CRS

Licensed in MD, DE 443-235-5982 Cell Debbie@Hileman RealEstate.com

THIS IS THE HOME FOR YOU

2BR/1BA, w/open kitchen & front deck. Many newer upgrades which include siding, windows, front decking, flooring, HVAC, and garbage disposal. Own the land & the home (NO GROUND RENT)! White Horse Park is the best kept secret at the beach w/water access and amenities galore - only 12 minutes to Ocean City Beaches, boardwalk, and fun. Water, sewer, trash, lawn maintenance, plus many amenities are included. Some occupancy restrictions during the off season. 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. $162,500

Lynette Bridges-Catha

CRS, PMN, GREEN, SRES

Licensed in MD, DE 443-497-3128 Cell Smilin4shore@comcast.net

WATERFRONT RETREAT!

Fully furnished 4BR/3BA home located on a canal in mid-town Ocean City. Open living/dining area showcases LVP flooring, and a fireplace w/built-ins. Kitchen offers quartz counter tops, tile flooring, and a pass-through window w/a breakfast bar. Lower level includes a bedroom, full bath, laundry room, and a game room that could be converted into a garage. Primary suite has LVP flooring and a bath w/walk-in shower. Recently hardscaped yard features paver walkway and 12x12 patio, as well as a cozy deck that overlooks the canal. Additional features include newer roof (2021), mini dock (2021), and windows (approximately 10 years old). Great location w/just a short distance to the Boardwalk, mini golf, restaurants, and all the other fun places Ocean City has to offer! Call for your personal tour! $1,274,900

Terri Bradford

Associate Broker, GRI Bethany

Drew

Associate Broker, GRI

Licensed in MD, DE

OAKMONT ESTATES

Contemporary-style one level 3BR/2BA home! Primary suite offers new carpeting, dual sink vanity, walk-in closet, soaking tub. Great room includes gas fireplace and new carpet which leads to an open kitchen/dining area and sunroom all w/new vinyl flooring. Lg laundry room off 2-car garage adds storage. Don't miss out on this amazing opportunity. Schedule your home today! $392,900

Terri: 410-430-6875 Bethany: 410-430-2602 www.PO2Team.com Powerof2@PO2Team.com