Hileman Real Estate

Act fast, as home sales move rapidly

Thinking about selling your home? Now is the time to do it. Home prices continue to rise and buyers continue to have bidding wars on homes and offer above asking.

Inventory is still at historic lows and with interest rates still very appealing, causing no shortage of buyers. Because inventory is low, home prices continue to rise. The median home price in April was $285,00, which is up from $275,255 in March and up $35,000 from April 2020. As of April, there were only 471 active listings in the lower three counties as compared to 1,329 in April 2020. In all three counties throughout April, new settlements were up 57.3 percent compared to the same time last year. Individually, new settlements throughout April were up by 53.2 percent in Wicomico, 56.3 percent in Worcester, and 93.3 percent in Somerset. New listings in April were up 118 percent compared to the same time last year in all three counties. Individually, new listings were up by 140.7 percent in Worcester, 95.3 percent in Wicomico, and 66.7 percent in Somerset from April of 2020. Active listings in all three counties were down by 64.6 percent. Individually, there were 267 active listings in Worcester, 141 in Wicomico, and 63 in Somerset. There were 1,329 active listings at this time last year. The average Cumulative Days on Market (CDOM) for April was 44, or 54.6 percent less than the same time last year. Over the last 5 years, the average DOM was 88 for April.

“The question that everyone is asking is how do we get more listings to satisfy all of these buyers,” said CAR President Joni Martin Williamson. “The answer is creativity and nimbleness, which is not easy to accomplish when it comes to creating housing. We need to be looking at zoning, incentives, and other tools to create new housing in our area before we lose prospective buyers to other markets.” “Right now some of the homes that are being sold used to be rentals and although it is good to have the listings for sale, I am worried about the rental market and the affordable housing market,” said Williamson.

“The market is so tight we have sellers who sell their home and can’t find a new home to buy or even rent. People are staying put because of fear of not finding a new place to live.”

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

Tim Ulrich

Associate Broker 410-422-1441 Cell timrealestate9 @gmail.com NEW LISTING

4.9 ACRES

3BR/1BA rancher on 4.9 acres w/over 1000 ft of road frontage. Updated w/new windows, vinyl siding, water heater, water softener, 3 sheds & much more. 4.9 acres is cleared w/1000 ft of road frontage with possibility of being subdivided. Surrounded by shade trees w/neighbors only at a distance. Property gives you room for outbuildings/shops, horses and animals. No city/town taxes, no HOA, no water or sewer bills & plenty of area for Solar. $289,900

Cindy Crockett

REALTOR®, GRI

Licensed in MD 410-430-0587 Cell Cindy@HilemanReal Estate.com BUILD YOUR PERFECT COUNTRY HOME!

One Large Parcel - 2.07 Acres. Plenty of room for pets, gardening, friends, & family gatherings. Standard Septic System approved for up to 5 Bedrooms. Very convenient to the Town of Berlin, Ocean City & Assateague Beaches! $94,900

Debora E. Hileman

OWNER/BROKER GRI & CRS

Licensed in MD, DE 443-235-5982 Cell Debbie@Hileman RealEstate.com LARGE 3/4 ACRE WATERFRONT LOT & HOME TO BE BUILT

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! Two Level home up to 5,000 sq.ft with $75,000 of options to be chosen by the buyer. First & 2nd level Owner's Suites, Open Great Room, Library, Laundry, Office, Sun room, Studio and Garage. Please call for plans and details. House & Lot $975,000 • Lot Only $389,900

Sonia Zaffiris

1/2 ACRE SOUTH OF BERLIN

Ready to build. Approved for standard septic & well. Convenient location with a country feel. Call Debbie Hileman at 443-235-5982 GREAT LOCATION AT THE END OF A QUIET CUL-DE-SAC!

Brand new vinyl plank flooring, new cabinets and granite countertops in the eat-in kitchen. Freshly painted and power-washed! The sunny and bright Florida Room off of the kitchen is perfect for entertaining. Vaulted ceiling in the Living Room, New Bath Vanity, ceiling fans, crown molding, and attached storage shed. $269,000

WELCOME HOME!

4 Bed – 2 Bath classic NEW LISTING Cape Cod in perfect location. Many recent upgrades. Kitchen w/SS appliances, granite counters and tile plank floors. Dining rm. w/custom built-ins and sliding door to deck. Sunroom off breezeway. HW throughout first floor, living room w/brick FP. Fenced back yard, patio added in 2020 and shed. $254,900

SUMMER FUN! NEW LISTING

1BR/1BA in Whitehorse Park w/everything you need! New HVAC. Newer center hinge style door offers lots of light, built in blinds. Walk-in closet/storage area. Sunroom. Option of adding 2nd bedroom. 2 car stone driveway, steps away from off-street parking for common use. Convenient to bath house & laundry to enjoy everything WHP has to offer. $132,500

Terri Bradford

Associate Broker, GRI Bethany

Drew

Associate Broker, GRI

Licensed in MD, DE

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

NEW, NEW AND MANY NEW UPDATES

Completely remodeled 4BR/2BA. New appliances, paint & floors. City has inspected home & has been given the Occupancy permit. Storage in attic. $269,500

Lynette Bridges-Catha

CRS, PMN, GREEN, SRES

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

BLOCKS FROM BOARDWALK & BEACH Kevin D.

Large 3BR/2BA in downtown area. Peaks of the bay & pool from your wrap around balcony. Waterfront access. Open floor plan, kitchen w/breakfast bar, dining area & open living space. Gas fireplace. Plenty of natural light. Master bedroom & en-suite bath w/jetted soaking tub, walk-in shower. Full size washer & dryer in laundry room, outside secured storage locker & under building parking. Walk to shops, restaurants & marinas. $450,000

Heselbach REALTOR® , GRI, RSPS Licensed in MD & DE 410-723-9450 Office kheselbachHRE @gmail.com