May 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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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 Liberty Pure .............................................................................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 Hileman Real Estate................................................................Page 9 Kim Dixson/Redfin Realty ...................................................Page 10 MCHCD Mortgage .................................................................Page 11 ERA Martin/Shamrock Division ..........................................Page 12 Resort Rentals/OC Vacations ................................................Page 13 Anne-Marie Bouse/Re-MAX Advantage Realty....................Page 14 MSC Home Inspections .........................................................Page 14 Susan Fleming/EXIT Realty..................................................Page 14 Vacasa/Vacation Home Management ...................................Page 15 McLean Mortgage Corporation .............................................Page 16 Joe Wilson/Coastal Life Realty..............................................Page 17 The Grove Group/Fathom Realty..........................................Page 18 Scott Donnelly/High Tech Inspections .................................Page 18 The Zell Team/Re-MAX Advantage Realty...........................Page 19 Tammy Medlock/Coldwell Banker Realty............................Page 20 Sheppard Realty Rentals .......................................................Page 21 Cindy Coremski/Berkshire Hathaway PenFed Realty ..........Page 21 Capitol Title ..........................................................................Page 22 Affiliate Members .................................................................Page 22 Long & Foster .......................................................................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
MAY 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
E UND
CT A R NT R CO
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
MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
GOOD THROUGH MAY 31, 2022 WITH MENTION OF THIS AD
MAY 2022
MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
March stays strong despite rising rates
Days on market decline after eight-month increase
(LOWER EASTERN SHORE, MD.) – Mortgage rates have been climbing recently and are reaching levels we haven’t seen since 2011. As rates go up, we would expect to see a cooling off of the market but because of low inventory and an urgency to get into a home before rates get any higher, March continued to be a very strong month. The most notable change this month was the Median Cumulative Days on Market (CDOM) which had been slowly going up for the last eight months dropped significantly from 17 days in February to 8 days in March. Buyers are not waiting to decide on a property. The CDOM is down 33.3 percent from March 2021 and down 53 percent from February 2022. The median home price is 10.8 percent higher than it was in March 2021 but is down 2.3 percent from last month February 2022. We currently have only 368 active listings in the lower three counties compared to 490 in March 2021 and 1,389 in March 2020 when the pandemic began.
In all three counties throughout March, new settlements were down 17 percent compared to the same time last year. Individually, new settlements throughout March were up by 11.5 percent in Somerset and down 20.6 percent in Wicomico, and 18 percent in Worcester. New listings in March were down 15.6 percent compared to the same time last year in all three counties. Individually, new listings were down by 22.1 percent in Worcester, 3.3 percent in Wicomico, and 7.7 percent in Somerset from March of 2021. Active listings in all three counties were down by 24.9 percent from March of 2021. Individually, there were 179 active listings in Worcester, 132 in Wicomico, and 57 in Somerset. “The market is still very strong but with interest rates starting to rise we may see some slowing as buyers leave the market,” said Coastal Association of Realtors President Grace Masten. “We still have very little inventory, only 0.9 months in March, and buyers taking a little more time and increasing the days on market would Continued on page 6
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
Cost of materials still rising Continued from page 5 help stabilize our market.” “There are many factors that are contributing to our housing crisis. We have years of underbuilding. “The cost of materials like lumber and concrete have skyrocketed over the last two years and though we can’t predict the future, if interest rates continue to increase then now is the time to buy a home and lock in a low-interest 30-year rate,” said Masten.
CAR’s monthly local housing statistics are compiled by Bright Multiple Listing Service, which represents the activity of over 1,000 local Realtors in Somerset, Wicomico, and Worcester counties, as well as 95,000 real estate professionals across the Mid-Atlantic region. The Bright MLS service area includes Maryland, Delaware, New Jersey, Pennsylvania, Virginia, Washington, D.C., and West Virginia.
MAY 2022
Hogan announces program to boost affordable housing (ANNAPOLIS)—Gov. Larry Hogan announced in late April that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to produce more than 6,000 additional units statewide amid rising construction costs and interest rates.
“During our administration, we have provided financing and tax credits to create or preserve more than 22,000 affordable rental units across the state—a level of production never before seen in the State of Maryland,” Hogan said. “To continue to build on these accomplishments, we are meeting the challenges created during the pandemic head on with a responsive set of tools to address shortfalls and creContinued on page 7
MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 7
Pumps $200 million into housing financing Continued from page 6 ate new housing opportunities.” To address the shortfalls for affordable housing projects, the administration is announcing the following updates and new programs: • Increasing the Rental Housing Financing Program funds available for the 2022 competitive application round, which will be announced later this year. • Increasing the amount of Rental Housing Works financing available for ongoing projects that have yet to close financing.
• Establishing the Construction Relief Fund to provide additional financing for previously funded 4 percent Low Income Housing Tax Credit (LIHTC) and Multifamily Bond projects that are experiencing cost shortfalls. • Establishing the Development Relief Fund for projects that previously received a 9 percent LIHTC award. • Establishing the Multifamily Capital Fund which will provide additional financing in FY23 for projects related to the State of Maryland’s economic growth and development
activities and initiatives. • Establishing the Emerging Developer Pre-Development Loan Fund to support projects by newer developers working with historically undercapitalized communities. “Even though COVID-19 has impacted our efforts to respond to an ongoing shortage of affordable housing, affecting supply chains, construction costs, interest rates, and labor, our department has worked with its development partners to find solutions,” said Secretary Kenneth C. Holt. “With the new initiatives an-
nounced today, we are working to ensure the state has a successful economic recovery that includes new affordable housing opportunities for Marylanders.” Marylanders looking to access affordable rental housing can search and find current Maryland listings with accessibility features, amenities, affordability, and more at MDHousingSearch.org. Visitors to the site can also view information about future leasing opportunities for projects that are currently under construction.
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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MAY 2022
Nationally, home sales numbers decrease (WASHINGTON) – Existinghome sales decreased in March, marking two consecutive months of declines, according to the National Association of Realtors. Month-overmonth, sales in March waned in three of the four major U.S. regions while holding steady in the West. Sales were down across each region year-over-year. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.7 percent from February to a sea-
sonally adjusted annual rate of 5.77 million in March. Year-over-year, sales fell 4.5 percent (6.04 million in March 2021). "The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power," said Lawrence Yun, NAR's chief economist. "Still, homes are selling rapidly, and home price gains remain in the double-digits." With mortgage rates expected to rise further, Yun predicts transactions to contract by 10 percent this
year, for home prices to readjust, and for gains to grow around 5 percent. Total housing inventory at the end of March totaled 950,000 units, up 11.8 percent from February and down 9.5 percent from one year ago (1.05 million). Unsold inventory sits at a 2.0-month supply at the present sales pace, up from 1.7 months in February and down from 2.1 months in March 2021. The median existing-home price for all housing types in March was $375,300, up 15.0 percent from March 2021 ($326,300), as prices
rose in each region. This marks 121 consecutive months of year-overyear increases, the longest-running streak on record. "Home prices have consistently moved upward as supply remains tight," Yun said. "However, sellers should not expect the easy-profit gains and should look for multiple offers to fade as demand continues to subside." Properties typically remained on the market for 17 days in March, down from 18 days in February and 18 days in March 2021. Eighty-seven
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
PENDING
MARY MCCRACKEN CELL: 410-430-7302
TOM NIEMKIEWICZ CELL: 410-603-2136
PENDING 12902 ASSAWOMAN DRIVE OCEAN CITY 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
CENTURY I #1412
$625,000
2bed/2 bath Direct Oceanfront at 99th St. Master Suite and Living Room with Private Balconies overlooking ocean. Bayfront Bedroom also with 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
BRUFF ISLE #4
$750,000
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.
NEW LISTING
NEW LISTING
719-B BRADLEY ROAD UNIT 203B OCEAN CITY
10900 COASTAL HIGHWAY UNIT 710 OCEAN CITY
Come and enjoy your own getaway on the water in this 2BR/2BA unit w/many upgrades inside as well as the building itself including a new vinyl bulkhead, $350,000 (MDWO2006716) all totally paid for by the current owners. This unit has easy access to the condos beautiful outdoor pool and front of the building parking. Its 2nd floor location gives you privacy and the best view of the open bay. Boat slips are managed by the association. The midtown location is convenient to the beach, restaurants, shopping, a neighborhood park, and a public boat ramp.
Join Our Team At Long & Foster Ocean City! Stan Zaremba Branch Manager 410-520-2707 • Stan.Zaremba@LNF.com
A great direct oceanfront fully furnished efficiency unit just high enough to have unobstructed views of all the beach front amenities such as the outdoor pool, kiddie pool, tennis courts, private beach & volleyball court, lounge & area, tiki bar & food stand and out to the beach and ocean. $255,000 shopping (MDWO2007350) Also, the Golden Sands offers, at the penthouse level, outstanding views of ocean and bay while you enjoy the sky lit indoor pool, fitness room, saunas, lounge, and game room. A great getaway w/the possibility of having an attractive rental unit. A must-see unit and condo.
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
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 2022
PAGE 9
NAR reports slower March activity overall percent of homes sold in March 2022 were on the market for less than a month. First-time buyers were responsible for 30 percent of sales in March, up from 29 percent in February and down from 32 percent in March 2021. NAR's 2021 Profile of Home Buyers and Sellers – released in late 20214 – reported that the annual share of first-time buyers was 34 percent. "It appears first-time homebuyers are still looking to lock in at current mortgage rates before they inevitably
increase," Yun said. Individual investors or secondhome buyers, who make up many cash sales, purchased 18 percent of homes in March, down from 19 percent in February but up from 15 percent in March 2021. All-cash sales accounted for 28 percent of transactions in March, up from both the 25 percent recorded in February and from 23 percent in March 2021. "With rising mortgage rates, cash sales made up a larger fraction of transactions, climbing to the highest
share since 2014," Yun said. Distressed sales– foreclosures and short sales – represented less than 1 percent of sales in March, equal to the percentage seen in both February 2022 and March 2021. According to Freddie Mac, the average commitment rate(link is external) for a 30-year, conventional, fixed-rate mortgage was 4.17 percent in March, up from 3.76 percent in February. The average commitment rate across all of 2021 was 2.96 percent. Realtor.com's Market Trends Re-
port in March shows that the greatest year-over-year median list price growth occurred in Miami (+37.0 percent), Las Vegas (+35.2 percent), and Tampa (+32.0 percent). Austin posted the highest growth in the share of homes which had their prices reduced compared to last year (+2.9 percentage points), followed by Sacramento and Memphis (+2.3 percentage points). Single-family and Condo/Coop Sales Single-family home sales deContinued 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
RARE OPPORTUNITY AWAITS!
Terri
Bradford
Associate Broker, GRI
Bethany
Drew
Licensed in MD, DE
Associate Broker, GRI
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 walkin 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 $474,900 out on an amazing chance to own this historic home. Call and schedule your tour today!
4BR/2.5BA colonial style home located in the heart of Ocean Pines. Kitchen offers laminate flooring, dishwasher, wall oven, massive tile counters, and large breakfast bar style island with lots of cabinetry which includes glass fronts and designer niches. Great room area off kitchen has a wood burning brick fireplace and a patio door that leads to a large deck overlooking the water. Primary bedroom has his/her closets and its own private bathroom w/huge shower and dbl sink vanity. Back deck was redone in 2020. Bulkhead is currently being replaced at no cost to the owner. Garage has been converted into living space with its own split system HVAC. BUT you can always convert it back to a garage if you prefer! W/having a corner lot there is plenty of room for outdoor living including a covered patio area for your enjoyment. Don't miss the opportunity to see this gem and schedule your tour today!
www.PO2Team.com Powerof2@PO2Team.com
$589,900
NEW LISTING! – GREAT LOCATION
Lynette
Bridges-Catha CRS, PMN, GREEN, SRES 443-497-3128 Cell Smilin4shore@comcast.net
Less than 1.5 miles from the sandy beach, along w/easy access to everything. This is a spectacular coastal twin unit w/all the bells and whistles. First floor has beautiful hardwoods, large kitchen w/stainless steel appliances and granite counter tops. Enjoy the views of the pond from the back deck w/plenty of choices. Maintenance free deck has open decking for grilling and a screen in porch for evening gatherings. Second floor offers large master bedroom and bathroom, and 2 additional lg bedrooms and another full bath. Third floor offers another lg bedrooms and full bathroom. Third floor has a private sun deck. Home has 3 zoned HVAC systems. Property has a well for the irrigation system. Enjoy a 2-minute walk to the Assawoman Trails or enjoy the Kayak launch nearby.
$699,900
Debora E.
Hileman OWNER/BROKER GRI & CRS Licensed in MD, DE
443-235-5982 Cell Debbie@Hileman RealEstate.com
Tim
Ulrich Associate Broker 410-422-1441 Cell timrealestate9 @gmail.com
WELL MAINTAINED AND UPDATED
S G N I T LIS DED NEE
w/tasteful coastal decor is waiting for you. 2BR/1BA unit on first floor just steps away from outdoor pool. Located near everything Ocean City has to offer. World famous boardwalk, beach, restaurants, mini golf, amusements, and shopping all just a short distance away. New living room furniture and updated bedding. Great rental investment or keep for yourself to enjoy the beach lifestyle.
Kevin D.
Heselbach Associate Broker GRI, RSPS
Licensed in MD & DE
301-501-2463 Cell kheselbachHRE @gmail.com
$240,000
BEAUTIFUL CORNER LOT ON THE WATER!
Terri: 410-430-6875 Bethany: 410-430-2602
Licensed in MD, DE
• www.hilemanrealestate.com • e-mail: hilemanre@aol.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 $529,000 often! Please call for plans and details.
LARGE VICTORIAN HOME IN STOCKTON MD
4BR/2.5BA home with gleaming hardwood floors throughout and 10' ceilings on the 1st floor, modern kitchen, formal dining room, large living room with 8' pocket doors, a front parlor, and a classic open stairway. Large 6' windows for bright mornings, crown molding, leaded glass, original woodworking and moldings throughout, marble floor in 2nd floor bathroom. 75foot wrap around porch, flex room in the garage, and located on a large lot. The house is comfortably heated and cooled w/a two zoned heat pump. The location of this wonderful home puts it 2.5 miles from George Island Landing boat ramp great for fishing, boating, and viewing the rocket launches. Conveniently near Historic Snow Hill, Salisbury, Berlin, Ocean City, Chincoteague, and Wallops Island.
$199,900
Sonia
Zaffiris Associate Broker GRI, CRS
PERFECT OPPORTUNITY - DAGSBORO, DE
for an "In-Home" Business! Commercial Zoning with Direct access from Rt. 113 North. An addition offers a separate entrance into an office/studio, 4th bedroom, 2nd Bath, & laundry room. Bright living room, large kitchen, & dining/family room with wall to ceiling brick wood-burning fireplace. Plenty of parking on the paved drive. Concrete NOW $299,000 walkway, rear deck and storage shed.
Licensed in MD, DE
410-251-6217 soniasez@aol.com
ONE OF THE FEW REMAINING LOTS IN HENRY'S MILL Within walking distance to Main Street's Restaurants, Shops, Art Galleries and Special Events! Build the home that you've always wanted on this cleared cul-de-sac lot in the charming Town of Berlin. $129,900
Cindy
Crockett REALTOR®, GRI Licensed in MD
410-430-0587 Cell Cindy@HilemanReal Estate.com
SPRING HAS SPRUNG!
Greg
Nohe REALTOR®
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 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
443-413-3077 Archangelnohe @gmail.com
Brenda
Nohe REALTOR®
Licensed in MD & DE
410-493-3847 BrendaSG1944 @icloud.com
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 10
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Sell for more, pay a 1% listing fee when you buy and selll with Redfin Agents.*
Kim Dixso on
REDFIN AGENT
443-373-1328 • kim.dixson@ redfin.com License #650977
REDFFIN 190 W.. Ostend St., #200 • Baltimore, MD 21230
Redfin n - Direct: 410-868-5666 redfin n.com
Contaact Kim for a no-obligation home-value consuultation.
438 Ocean Pkwy Unit BD(30) Ocean Pines
9800 Coastal Highway #1111 Ocean City
$285,000
$625,000
8856 Roundhouse Circle Easton
109 N Park Drive Salisbury
$430 000 $430,000
$222 500 $222,500
*Sell for more based on difference between the sale and list prices of Redfin listings versus those of comparable listings by other brokerages, per a 2019 study. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. If you sell first we will initially charge a 1.5% listing fee and then send you a check for the .5% difference after you buy your next home with Redfin. Subject to $3,750 minimum Redfin commission. Listing commission subject to change. Buyer’s agent commission not included. More info at redfin.com/disclaimer. Information provided is not guaranteed and shouuld be independently verified. If you are currently working with an agent, this is not a solicitation of your business.
MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 11
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 12
Sales of existing condos fall 3 percent since February Continued from page 9 creased to a seasonally adjusted annual rate of 5.13 million in March, down 2.7 percent from 5.27 million in February and down 3.8 percent from one year ago. The median existing single-family home price was $382,000 in March, up 15.2 percent from March 2021. Existing condominium and co-op sales were recorded at a seasonally adjusted annual rate of 640,000 units in March, down 3.0 percent from 660,000 in February and down 9.9 percent from one year ago. The median existing condo price was $322,000 in March, an annual increase of 11.9 percent. "Finding the right home in this market – from making an offer to eventually buying – is an intense process," said NAR President Leslie Rouda Smith, a Realtor from Plano, Texas, and a broker associate at Dave Perry-Miller Real Estate in Dallas. "The current state of housing is indeed one of the most competitive markets that I have witnessed, but with patience and the assistance of a trusted Realtor, the outcome can be very rewarding." Regional Breakdown Existing-home sales in the North-
east slid 2.9 percent in March, recording an annual rate of 670,000, an 11.8 percent fall from March 2021. The median price in the Northeast was $390,200, up 6.8 percent from one year ago. Existing-home sales in the Midwest declined 4.5 percent from the prior month to an annual rate of 1,270,000 in March, a 3.1 percent drop from March 2021. The median price in the Midwest was $271,000, a 10.4 percent jump from March 2021. Existing-home sales in the South dipped 3.0 percent in March from the prior month, registering an annual rate of 2,620,000, a decrease of 3.0 percent from one year ago. The median price in the South was $339,000, a 21.2 percent surge from one year prior. For the seventh straight month, the South experienced the highest pace of price appreciation in comparison to the other three regions. Existing-home sales in the West held steady compared to the previous month, posting an annual rate of 1,210,000 in March, down 4.7 percent from one year ago. The median price in the West was $519,900, up 5.4 percent from March 2021.
2 0 2 2 PU B L I S H I N G SCHEDULE Dates are listed as the Friday Publishing Date of Paper
MAY ISSUE
Donna Frankowski
Kimberly S. Jones
Veronica Bishop
Ollie Hitchens
September 2nd Labor Day Weekend
EARLY JUNE ISSUE
OCT. ISSUE
MID-JUNE ISSUE
DEC. ISSUE
May 27th Memorial Day Weekend
Frank Kay
Ashlie Landphier
$299,900 MLS MDWO2006708
Chuck Leo
Brittani Phillips
Bryan MacPherson
Rose Poling
John Rego
37 BOSTON DRIVE BERLIN, MD
$499,900 MLS MDWO2006660
Pam Wadler
Ron Wesche
Julie Woulfe
JAN. 2022 ISSUE
July 1st 4th of July
December 30th New Year’s Weekend
EARLY AUG. ISSUE August 5th White Marlin Open
Dates are subject to change
Demand is High – Now is the Time to Sell or Rent Your Property Let Us Get TOP DOLLAR for Your Home Sale or Rental
Pending Sale!
Views of Manklin Creek
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.
Kelly MacPherson
November 25th Thanksgiving
JULY ISSUE
Historic charm meets contemporary upgrades! This well-maintained 3BR/2BA Colonial sits on over a third of an acre lot w/in a few blocks from the town center and local schools. Enter from the picturesque front porch into a generous living room that leads to a sunroom, a laundry/mudroom, and a full bath. Remodeled in 2021, modern kitchen w/new stainless-steel appliances opens to spacious dining area. Upstairs features 3BR/1BA + walk-up attic, providing ample storage. W/curb appeal, custom moldings, gorgeous hardwood floors, and beautiful trim work, this home will not disappoint. Snow Hill is a vibrant small town that sits on the scenic Pocomoke River w/local beach destinations only 30 minutes away.
205 MARTIN STREET SNOW HILL, MD
October 21st Sunfest
June 17th OC Air Show
Mary Burgess
Gary James
SEPT. ISSUE
May 6th Springfest
11049 Racetrack Road Ocean Pines, MD 21811 410-641-5000 Rosie Beauclair
MAY 2022
66 BATTERSEA BERLIN, MD
$419,900 MLS MDWO2006722
Pending Sale!
Spacious 3BR/3.5BA Colonial on the golf course in the highly desirable Bay Colony section of Ocean Pines. Open plan living room and dining room features vaulted ceilings, a gas fireplace, and a breakfast bar open to a bright kitchen. An enormous sunroom runs the length of the rear of the house and includes another gas fireplace and a sunken hot tub. First-floor primary bedroom boasts 2 full baths and walk in closet. The upstairs loft leads to 2 good sized bedrooms, a guest bath and access to a large walk-in attic for storage. Close to beaches and all the Ocean City has to offer and short distance to community swimming pools, golf, and yacht club. This one will not last long!
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
12603 DAWN CIRCLE BISHOPVILLE, MD
$199,000 MLS MDWO2006886
areas. County boat ramp is only about a
Prime Location!
mile away.
NOT READY TO SELL?
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MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 13
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 15
PAGE 16
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 2022
NAR: housing wealth surges in past 10 years (WASHINGTON) — Homeownership is widely recognized as the leading source of net worth among families. Housing wealth itself is primarily achieved by price appreciation gains, and the nation has seen home prices accelerate at a record pace during the course of the last decade. A new study from the National Association of Realtors – Housing Wealth Gains for the Rising MiddleClass Markets – examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas. NAR found that during those 10 years, nearly 980,000 middle-income households became homeowners. Within that timeframe, total housing wealth for this income group surged by $2.1 trillion. "Owning a home continues to be a proven method for building longterm wealth," said Lawrence Yun, NAR chief economist. "Home values generally grow over time, so homeowners begin the wealth-building process as soon as they make a down payment and move to pay down their mortgage." From 2010 through 2020, 529 of 917, or 58 percent, of metropolitan and micropolitan areas gained middle-income homeowners. NAR iden-
tifies these locations as rising middleincome class housing markets, i.e., markets that saw the largest increase in middle-class owner-occupied housing units in 2020 compared to 2010. The top 10 rising middle-income housing markets, with at least 50,000 more middle-income homeowner households, were PhoenixMesa-Scottsdale (103,690), Austin-Round Rock (61,323), Nashville-Davidson-MurfreesboroFranklin (55,252), Dallas-Fort Worth-Arlington (53,421), HoustonThe Woodlands-Sugarland (52,716), Atlanta-Sandy Springs-Roswell (48,819), Orlando-Kissimmee-Sanford (35,063), Portland-VancouverHillsboro (34,373), Seattle-Tacoma-Bellevue (31,284) and Tampa-St. Petersburg-Clearwater (28,979). NAR defines a middleclass homeowner as one earning an income of over 80 percent to 200 percent of the area median income. "Middle-income households in these growing markets have seen phenomenal gains in price appreciation," said Yun. "Given the rapid migration and robust job growth in these areas, I expect these markets to continue to see impressive price gains." As of the fourth quarter of 2021,
the largest price gains (as a percent of the purchase price) over the preceding decade were in Phoenix-MesaScottsdale (275.3 percent), Atlanta-Sandy Springs (274.7 percent), Las Vegas-Henderson-Paradise (251.7 percent), Cape Coral-Fort Myers (233.9 percent) and Riverside-San Bernardino-Ontario (207.6 percent). Nationally, a homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth. Of this wealth gain, 86 percent can be attributed to price appreciation, with the median singlefamily existing-home sales price rising at an annual pace of 8.3 percent from the fourth quarter of 2011 through the fourth quarter of 2021. A small percentage of U.S. markets did record a decrease in middle-income homeowner households over the past decade, including New YorkNewark-Jersey City (-100,214), Los Angeles-Long Beach-Anaheim (73,839), Chicago-Naperville-Elgin (34,420), Boston-Cambridge-Newton (-28,953), Detroit-Warren-Dearborn (-25,405) and Philadelphia-CamdenWilmington (-22,129). Nevertheless, some markets saw housing wealth rise as home prices climbed, such as
the Los Angeles metro area ($164.5 billion) and the New York metro area ($59.4 billion). "These escalating home values were no doubt beneficial to homeowners and home sellers," said Yun. "However, as these markets flourish, middle-income wage earners face increasingly difficult affordability issues and are regrettably being priced out of the home-buying process." While housing wealth grew among all income groups, low- and middleincome households ultimately received a smaller share of the gains. NAR found that of the $8.2 trillion amassed in housing wealth from 2010 through 2020, high-income homeowners claimed roughly 71 percent of all wealth accumulation. Among middle-income homeowners, total housing wealth jumped by $2.1 trillion, or 26 percent of the housing wealth gains, with nearly 980,000 additional middle-income homeowner households. Among low-income homeowners, housing wealth rose by $296 billion, or 4 percent of the housing wealth gain. Low-income homeowners comprised a smaller fraction of all homeowners in 2020, at just 27.2 percent. This is down from 38.1 percent in 2010, with nearly 5.8 million fewer Continued on page 18
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 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 #103 • MARIGOT BEACH • OCEAN CITY
525,000
$
• 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 MDWO2006768
10002 COASTAL HIGHWAY #608 • MARIGOT BEACH • OCEAN CITY UNDER CONTRACT!
350,000
$
MLS MLS MDWO2006766
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Bedrooms Start at $350,000, 1, 2 AND 3 BEDROOM UNITS 21 Bedrooms Start at $525,000 AVAILABLE FOR SALE and 3 Bedrooms Start at $715,000
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 18
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
MAY 2022
Remodeling and renovations spurred by desire for livability WASHINGTON (April 6, 2022) – U.S. households saw homeowners and families embark on a wide variety of renovations and remodeling projects over the past year. That is according to new findings in the 2022 Remodeling Impact Report, a joint study from the National Association of Realtors and the National Association of the Remodeling Industry. This year's report analyzes a number of home improvement aspects, including why people decide to remodel, the general costs of specific remodeling tasks, and the fulfillment experienced after a successful project has been completed. "Our study revealed that homeowners tend to undertake a remodeling project for any number of reasons," said Jessica Lautz, vice president of demographics and behavioral insights at NAR. "In some instances, homeowners were content with sprucing up a room with a simple paint job, while in other cases, families decided to take on the task of renovating an entire attic or basement to add additional living space to their home." The report notes that Americans spent $420 billion in 2020 on home remodeling ventures. Ninety percent of NARI members cited a greater demand for contracting remodeling work during the course of the pandemic. Three out of five NARI members – 60 percent – said the scale of the projects grew either in a larger project or remodeling more than one room due to the pandemic. "This report is the first one to measure the impact of the pandemic on the price and relative value of various remodeling projects," said Chris Egner, MCR, CKBR, CRPM, UDCP, and president of NARI. "We are glad
that NARI members, who are among the most experienced remodelers, could provide realistic estimates of remodeling costs in line with the criteria specified in the survey." Although 83 percent of consumers stated that they would have remodeled regardless of the pandemic, 86 percent reported that remodeling one area of their home then inspired them to remodel other areas of the house. The exact reasons why homeowners decided to modify their living spaces varied. Thirty-five percent of owners said the single most important result from their remodel was better functionality and livability. Upon completion of their project, 22 percent said they had durable and long-lasting results, materials and appliances. Fourteen percent reported beauty and aesthetics as a result of their remodel. "The pandemic has changed the way we use our homes, and many of those changes are here to stay," said Lautz. "As a result, homeowners needed to reconfigure or remodel how they use their home and maximize space." More than a third of owners (35 percent) hired a professional for their entire project, while 28 percent reported that they hired someone for the labor but purchased the necessary materials. Twenty-two percent of homeowners did the full project themselves, from start to finish. The NAR/NARI report aimed to calculate consumers' viewpoints toward their projects upon completion. Projects that made the renovators want to remain home, or remodel jobs that sparked an increase of enjoyment among occupants, received a Continued on page 20
Middle-income sector shows biggest decline in ownership Continued from page 16 lower-income households that were homeowners from 2010 through 2020. There were 979,143 more middle-income homeowners over this decade, but they consisted of a smaller fraction of homeowners in 2020, at 43 percent, from 45.5 percent in 2010. High-income homeowners made up a larger portion of owners, at 29.8 percent. This is an increase from 16.4 percent in 2010 and is 11.1 million more high-income households in 2020 compared to 2010. Since the Great Recession, the homeownership rate has declined across all income groups, with the largest drop among the middle-income homeownership rate, which fell
from 78.1 percent to 69.7 percent. Low-income households observed homeownership rates fall, but to a smaller degree – two percentage points – while high-income households saw declines at four percentage points. "Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability," said NAR President Leslie Rouda Smith, a Realtor from Plano, Texas, and a broker associate at Dave Perry-Miller Real Estate in Dallas. "Now, we must focus on increasing access to safe, affordable housing and ensuring that more people can begin to amass and pass on the gains from homeownership."
MAY 2022
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 19
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 20
MAY 2022
Multiple offers still experienced by sellers Multiple offers are still prevalent on bids despite slowing demand and rising mortgage rates, according to the March Realtors Confidence Index Survey. Realtors reported an average of nearly five offers on each home that sold in March, the same as in February and one year ago. Buyers are still finding it hard to have a successful offer on the first try because of competition, especially with cash buyers who accounted for 28 percent of sales (23 percent one year ago). On average, half of buyers made two prior offers before a successful third offer. Fifty-seven percent of buyers also made a price offer above the list price, up from 48 percent in February. Demand is weakening but still outpacing supply Multi-offers on a home are still prevalent because even if buyer traffic is weakening it is still outpacing supply. Realtors reported that on average they took 4.1 clients on a home tour in March (4.8 one year ago), but only had on average 1.4 listings during the month (1.6 one year ago). The Realtors Buyer Traffic Index registered at 62 (77 one year ago) but
the Realtors Seller Traffic Index was just at 36 (35 one year ago). An index below 50 means generally ‘weaker’ conditions than one year ago. With homebuying demand still outpacing supply, properties typically stayed on the market for a shorter time compared to one year ago, at 17 days on market (18 days in the prior month, 18 days one year ago). Eighty-seven percent of listings were on the market for less than one month (84 percent in the prior month, 83 percent one year ago).
shortage of about 2 million homes for sale. Prices are likely to continue to hold firm even as demand slows due to tight supply. NAR expects home
price appreciation to moderate with demand, but prices will continue to appreciate by about 5 percent by year-end, not decline, due to the tight supply.
Inventory of Existing Homes for Sale Nearly 2 Million Short of 6 Months’ Supply Buyer competition remains intense due to the short supply of homes on the market. As of the end of March, there were 950,000 homes on the market (active and unsold), equivalent to two months of supply at the current monthly sales pace. A desirable level is about six months based on the historical level, so home prices are appreciating at a modest pace of 5 percent. At six months of supply, the inventory of homes on the market should be at 2.9 million, which means a
REAL ESTA TA ATTE TIP: Have you considered c a 1031 Exchange?
SELLER CLIENT REVIEW:
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 owned o 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.
Some home projects receive high marks on ‘Joy Score’ Continued from page 18 high Joy Score, with 10 being considered a perfect Joy Score. Some tasks that were awarded scores of 10 were as follows: painting a home's entire interior, painting one room, adding a home office, hardwood floor refinishing, closet renovation, and insulation upgrades, among other labors. Hardwood floor refinishing received a 10 Joy Score because the homeowners felt happiness and satisfaction in their home after undertaking the upgrade. Sixty-four percent of those polled answered that they have an increased sense of enjoyment when they are at home now that their hardwood flooring is installed. Another 64 percent said just thinking about the completed project gives them a "major sense of accomplishment." Adding a new home office is another task that earned a perfect Joy Score based on homeowners' sentiments. Ninety-one percent of consumers said they have a greater desire to be home now that their office is in place. Seventy-three percent said they have an increased sense of enjoyment when they are home. The NAR/NARI report also examines numerous remodeling tasks and provides a cost recovery estimate for the projects. The genuine cost of each remodeling project and cost recovery are influenced by many factors, including project design, quality of materials, location, age and condition of the home, and homeowner preferences.
"Quite often, an added benefit to home renovations is the possibility of an increase in the home's value, which is a reason why some people remodel," said Lautz. "This is especially advantageous to a homeowner who may be considering selling their house or converting the home to a rental property." Realtors provided an estimate of the likely dollar value each project would add to a house during resale. In comparing that dollar value to the estimated cost of each job provided by NARI members, a Recovered Project Cost percentage was tabulated. In regard to interior projects, the highest percentage cost recovered was from refinishing hardwood floors at 147 percent. New wood flooring was at 118 percent, and an insulation upgrade was at 100 percent. Among exterior projects, new roofing and a new garage door both recovered 100 percent of the project costs. Kitchen upgrades were also popular among homeowners, with the task receiving a 9.8 Joy Score. The top reason (32 percent) to take on a kitchen overhaul was the desire to upgrade worn out surfaces, finishes or materials. The second top reason (20 percent) was to add features and improve livability. According to NARI remodelers' cost estimate, the average kitchen remodel would be about $45,000. Realtors estimated that $30,000 of that sum could be recovered as a result of the renovation. That would be a 67 percent recovery rate.
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 2022
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PAGE 21
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I Can He lp Y Yo ou Sell Y Yo our Pro p e r ty ffo o r th e Bes t Pri ce! 306 Piedmont Court
12 42nd Street #303
44 Beaconhill Road
SOLD
NEW LISTING
NEW LISTING
ER D N U CT A R T CON
$885,9 900
WHITETAIL TA L SANCTUAR CTUA CTU UA AR RY Y COMMUNITY M • 5BR/3.5BA A + loft •W Waater View & Private Y Yaard • Spacious custom designed home • Many high-end features
• 2 primary suites, one on each level • Attached 650sf 2-car garage • Rear decks (one on each level) & lg vinyl tech porch
$340,000
OCEAN AN BLOCK CONDO N •2BR/2BA - Large Balcony - Ocean View - Ceramic Tile Flooring - Open Floorplan
- Southe ern Exposure To own Location - Great Mid T - Assign ned Parking
ER D N U CT A R T CON
$365,000
POND VIEW • 3 BR / 2 BA • Freshly Painted • New Carpet • New Refrigerator & Microwave • Backs up to a park
• Pond View w • Sunroom • Rear Deckk • Granite Co ounters • Stainless S Steel Appliances
©2022 BHH Affffiliates, LLC. An independently owned and operated franchisee of BHH Affffiliates, LLC. Berkshire Hathaway HomeServices and the Berkshiree Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.
PAGE 22
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 2022
Coastal Association Affiliate Members Arrange the Change Sharon Knowles Bay Acquisitions Inc Harry Hammel 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 CTW Real Property Appraisals C Terence Wittstadt D3 Corp John Gehrig Davis, Bowen & Friedel, Inc Jennifer Skarren DeChant Appraisal & Realty Srv Michael DeChant
Eastern Title and Settlement Josh Greene Diana Dovel 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 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
Draper & Kramer Mortgage Corp Matthew Patterson
Liberty Pure Solutions, Inc Rick Kelly
LightHouse Home Inspections Dennis O’Brien
MSC Home Inspectors James Howard
Loan Depot Richard Proctor Danielle Caine Justin Kozera
OCMD Appraisals Justin Drost
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 Motto Mortgage Liz Buckley
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
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
MAY 2022
PAGE 23
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PRESIDENT’S CLUB
TINA GUGLIOTTA
ANNA MONTGOMERY
“MR. BILL” NIELANDER
JOAN WALTER
EXECUTIVE’S CLUB
IMAD ELALI
NANCY KALIN
LINDA ZARETSKY
CONGRATULATIONS TO LONG & FOSTER’S 2021 AWARD WINNING AGENTS SALES MANAGER
OUTSTANDING SERVICE AWARD
STAN ZAREMBA
KAREN BROWN
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
MAY 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 • Waterfront home • 2-car garage • Boat Dock • Formal Dining & Living Room • Gas Fireplace in Family Room • Close to MD & DE beaches
$799,900
13027 OLD BRIDGE ROAD • OCEAN CITY • 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
12035 PIMLICO LANE • BERLIN • Turville Creek water views • 4BR/3BA/1HBA • Located in Glen Riddle • Minutes to Ocean City, Berlin, & Assateague • Covered front porch • Lg outer deck-partially covered • Open floor plan • Spacious chef’s kitchen • Plenty of natural light • 1st floor primary suite • Custom finished garage
$849,900
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
