October 2020 Real Estate Guide

Real Estate

THE COASTAL REAL ESTATE RESOURCE Coastal Association of Realtors/Ocean City Today

OCTOBER 2020

PAGE 2

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

Real Estate

OCTOBER 2020

INDEX OF ADVERTISERS

THE COASTAL REAL ESTATE RESOURCE Coastal Association of Realtors/Ocean City Today

Nanette Pavier/Holiday Real Estate ........................................Page 2

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.

Northrop Realty........................................................................Page 3

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

Linda Moran/Berkshire Hathaway/PenFed Realty.................Page 5

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 Assistant Publisher........................................................... Elaine Brady Account Managers ......................................... Mary Cooper, Vicki Shrier Classifieds/Legals/Production Manager .................... Nancy MacCubbin Senior Designer .............................................................. Susan Parks Graphic Artists .............................................. Kelly Brown, Kyle Phillips Publisher..................................................................... Christine Brown Admin. Assistant................................................................... Gini Tufts

Debbie Bennington/Berkshire Hathaway/PenFed Realty ......Page 4 Berkshire Hathaway PenFed Realty/Ocean Pines...................Page 6 Berkshire Hathaway PenFed Realty/Ocean Pines ...................Page 7 Bud Church Realty/Coldwell Banker.......................................Page 8 Bernie Flax/EXIT Realty At The Beach ...................................Page 9 Maryland Title Service............................................................Page 10 Professional Services Affiliates...............................................Page 10 Jamie Caine/Coldwell Banker Residential Brokerage............Page 11 Shamrock Realty Group ..........................................................Page 11 Long & Foster/Ocean City ......................................................Page 12 Tim Meadowcroft/Long & Foster Ocean City ........................Page 13 Mary McCracken/Long & Foster Ocean City .........................Page 13 Coastal Association of Realtors ..............................................Page 14 Hileman Real Estate ...............................................................Page 15 Century 21 ...............................................................................Page 16

410-641-0039 WWW.OCEANCITYTODAY.COM It’s Time To Own A Beach Home!

Nanette Pavier Cell: 443-235-3498

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

Main Office: 7700 Coastal Hwy., Ocean City, MD 410-289-8888

NAR Designated Pricing Strategy Advisor

Heron Harbour Sales Center 120th St Open Friday-Monday 11-4: Condos, Townhouses, Single Family Homes & Lots Top Class Amenities: 2 Outdoor Pools, Indoor Pool, Fitness Center, Tennis Courts, Sauna 203 S Heron Drive UNIT 203B

205 N Heron Dr Residential Lot 54

3 Bed 2 Bath Townhome with Bay Views MDWO116974

Large 1/4 AC Water Front Lot MDWO115446

Wonderful 2nd floor water front 3 bedroom unit with beautiful interior featuring water front deck with bay views. Bright south facing unit gives you perfect sunshine for sitting on your deck all year long. Recent updates include new flooring and paint throughout.

One of Ocean City best communities with fabulous amenities and lots of green space; 2 outdoor pools one for recreation and a large lap pool, year round indoor pool, fitness center, sauna, library and tennis courts. Great location, close to beach, shopping center, restaurants, entertainment and Northside Park. You'll adore this 3 bedroom unit and everything this community has to offer all at a great price.

Build your water front dream home with a dock to keep all your water toys- in Heron Harbour with the best amenities of any in Ocean City. This lot is the largest of the remaining lots & faces south with a wonderful view of the sanctuary & colorful sunsets.

1208 St Louis Ave #3 Townhouse 4 Bedroom 3.5 Bath & 2 Car Garage Townhouse MDWO113480

Great location 4 bed townhouse- just blocks to beach & boardwalk at 12th St- enjoy everything Ocean City has to offer in this location.

Featuring; 1,700 sq ft interior with spacious living areas, large master suite with deck, a 1st floor bedroom with full bath & 2 car garage perfect for storing jet skis, surfboards, kayaks & beach gear Watch bay view sunsets from top floor balcony. Excellent established rental income for 3 years.

301 14th St Unit 201 Laguna Vista & Boat Slip Beautifully Furnished Corner Unit 3 Bedroom 3.5 Bath, 1,900 Sq Ft & Boat Slip #10 MDWO115496

Fabulous end unit with wrap around balcony & fantastic views of White Marlin Open at Harbour Island-best in OC. Includes a boat slip directly in front of the unit. This incredible unique floor plan features wonderful open living areas & top of the line luxury finishes throughout with gas fireplace. You'll fall in love with the interior decor, floor plan, deck views & location.

Great amenities; indoor pool & fitness center. Close to beach, boardwalk & lots of activities. What you’ve been waiting for!

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

PAGE 3

Direct: 443.230.5043 | Office: 443.837.7455 | NorthropRealty.com

TRAPPE

FENWICK ISLAND

REHOBOTH BEACH

DAGSBORO

WATERFRONT

WATERFRONT

$4,000,000 30953 Riverside Ln

$1,850,000 4 E Cannon Street

$1,499,900 36 Delaware Avenue

$925,000 123 Riverview Drive

OCEAN CITY

SELBYVILLE

OCEAN CITY

OCEAN VIEW

$750,000 2 48th Street #905

$749,500 26106 Crosswinds Landing

$669,000 104 Bering Road

$625,000 30757 Redtail Court

DAGSBORO

BERLIN

SELBYVILLE

CHESTER

WATERFRONT

WATER COMMUNITY

WATERFRONT

$625,000 34968 Royal Troon Court

$585,000 213 West Street

$535,000 37304 Lighthouse Road #10

$525,000 231 Evelyne Street

OCEAN CITY

OCEAN CITY

BETHANY BEACH

OCEAN CITY

WATERFRONT

WATERFRONT

WATERFRONT

$500,000 10 81st Street #208

$499,900 2411 Atlantic Avenue #6

$465,000 39171 Sanddollar Court #54010

$429,000 12 61st Street #404

OCEAN VIEW

OCEAN CITY

FRANKFORD

BERLIN

WATERFRONT

WATERFRONT

$425,000 12 Caroline Street

$379,000 105 63rd Street #401

$375,000 13 Park Place Drive

$350,000 2102 Points Reach

OCEAN CITY

OCEAN CITY

OCEAN VIEW

OCEAN CITY

$315,000 10 136th Street #5

$300,000 15 145th Street #102

$285,000 85 Dorothy Circle

$185,000 415 Lark Lane #720102

Visit NorthropRealty.com/CoastalListings to view more homes.

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

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OCTOBER 2020

Brisk sales, low inventory mark lower shore market (Lower Eastern Shore, Md.) As the summer comes to a close, the local real estate market is still hot. Residential settlements on the Lower Eastern Shore rose throughout the month, according to the latest numbers from the Coastal Association of Realtors (CAR).

In all three counties throughout August, new settlements were up 18 percent compared to the same time last year. Individually, new settlements throughout August were up by 1.8 percent in Wicomico, 16.7 percent in Somerset, and 25.6 percent in Worcester.

New listings in August were down by 2.1 percent compared to the same time last year in all three counties. Individually, new listings were up by 7.4 percent in Worcester, down by 60.5 percent in Somerset and by 5.9 percent in Wicomico.

Active listings in all three counties were down by 51.33 percent. Individually, there were 464 active listings in Worcester, 215 in Wicomico, and 91 in Somerset.

The average “Cumulative Days on Market” for August was 78, or 7.14 percent less than the same

time last year. The median sale price for the lower shore was $251,750 which is 9.9 percent higher than this time last year.

“It seems that people were hesitant to list their homes for sale and allow showings during covid-19” said CAR President Joe Wilson. “Because of that, the lack of available inventory lead to properties selling faster and for a higher price, on average.

“Our Realtor and affiliate members have done an amazing job navigating the settlement process in a pandemic.” Wilson said.

“Mortgage interest rates are still very low, so anyone looking to buy should not hesitate.”

CAR’s monthly local housing statistics are pulled from the 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.

Realtor® SFR® 2017 & 2018

debbennington4@gmail.com

2019

2017 & 2018

The Pros To Know

410-208-3500 x308 Office • 410-603-8065 Cell • 866-666-1727 • 11001 Manklin Meadows Lane Ocean Pines, MD

Let Me Find You The Home Of Your Dreams!

New Price

Pending Sale

LOT 43- RIVER RUN LANE • RIVER RUN

2813 TERN DR. #207 • OCEAN CITY

$115,000

RIVER RUN GORGEOUS LOT

WATERFRONT WITH BOAT SLIP

Gated Golf and Marina Community. Golf Course frontage on which you can drive your golf cart directly onto course. Spectacular views of the 17th hole of Gary Player Signature golf course and a stunning view of the adjacent pond. Only minutes of the beaches of Ocean City and America's coolest Small town of Berlin.

Exceptional Turnkey 2BR/2BA, over $30,000 of upgrades and never been rented! New paint and luxury vinyl plank flooring throughout, crown molding, new ceiling fans, interior doors, closet doors, sliding glass doors with built-in blinds and front door, both hurricane code approved. Beautiful new kitchen with Quartz countertops. Bathrooms w/Quartz counter vanities, new sink fixtures and toilets. Attractive furnishings. Enjoy boating only seconds away to the bay. Building upgrades include maintenance free vinyl exterior siding, steps and deck.

$259,900

THE PARKE - +55 COMMUNITY IN OCEAN PINES

17 FREEPORT LANE • THE PARKE

$410,000

1 ARCADIA CT. • THE PARKE

HIGHLY DESIRED LAKEFRONT

GREAT LOCATION!

This stunning home boasts beautiful views of Hidden Lake from all front and back windows! 3BR/3BA with 1st and 2nd level Master Suites, oversize office could be 4th BR. Sunroom overlooking Hidden Lake and nature trail. Open floor plan w/formal and informal dining spaces, expansive kitchen w/Corian counters, upgraded cabinetry, SS appliances and huge breakfast bar. Soaring Ceilings in Great Room, HW floors & crown molding. Double sided mantled fireplace in Great Room and Sunroom. HVAC replaced in 2016. encapsulation with dehumidifier in crawl space completed in 2015, large laundry room, plenty of room for storage in oversized garage and loads of closet space. Call now for your private showing!

4BR/3BA with many upgrades, hardwood floors and beautiful crown molding. Stunning Great Room w/Cathedral Ceilings, 2 Skylights, and see thru fireplace to Sunroom. Beautiful kitchen featuring Corian counters, upgraded cabinets, tiled back splash and breakfast bar. Expansive Master Suite with tray ceilings, double crown molding and new carpet.

Loft with bedroom, bath and huge sitting area. On one of the largest lots in the Parke, security system.

5-ton AC unit one year old, oversized two car garage and encapsulated crawl space.

$389,900

©2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire HomesServices and the Berkshire Hathaway HomeServices symbol are registered service marks of the HomeServices of America, Inc.® Equal Housing Opportunity.

OCTOBER 2020

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

Existing home sales post third month of growth nationally (Washington) Existing-home sales continued to climb in August, marking three consecutive months of positive sales gains, according to the National Association of Realtors.

Each of the four major regions experienced both month-over-month and year-over-year growth, with the northeast seeing the greatest improvement from the prior month.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4 percent from July to a seasonally-adjusted annual rate of 6 million in Au-

gust. Sales as a whole rose year-overyear, up 10.5 percent from a year ago (5.43 million in August 2019).

“Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market,” said Lawrence Yun, NAR’s chief economist. “Further gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3 percent and with continued job recovery.”

The median existing-home price for all housing types in August was $310,600, up 11.4 percent from August 2019 ($278,800), as prices rose

in every region. August’s national price increase marks 102 straight months of year-over-year gains.

Total housing inventory at the end of August totaled 1.49 million units, down 0.7 percent from July and down 18.6 percent from one year ago (1.83 million). Unsold inventory sits at a 3.0-month supply at the current sales pace, down from 3.1 months in July and down from the 4.0-month figure recorded in August 2019.

Scarce inventory has been problematic for the past few years, according to Yun, an issue he says has worsened in the past month due to

the dramatic surge in lumber prices and the dearth of lumber resulting from California wildfires.

“Over recent months, we have seen lumber prices surge dramatically,” Yun said. “This has already led to an increase in the cost of multifamily housing and an even higher increase for single-family homes.”

Yun says the need for housing will grow even further, especially in areas that are attractive to those who can work from home. As highlighted in NAR’s August study, the 2020 “Work From Home Counties” report, remote work opportunities are likely to be-

OCTOBER 2020

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

PAGE 7

Remote working becomes factor in existing home sales come a growing part of the nation’s workforce culture. Yun believes this reality will endure, even after a coronavirus vaccine is available.

“Housing demand is robust but supply is not, and this imbalance will inevitably harm affordability and hinder ownership opportunities,” he said. “To assure broad gains in homeownership, more new homes need to be constructed.”

Properties typically remained on the market for 22 days in August, seasonally equal to the number of days in July and down from 31 days in August 2019. Sixty-nine percent of

homes sold in August 2020 were on the market for less than a month.

First-time buyers were responsible for 33 percent of sales in August, down from 34 percent in July 2020, but up from 31 percent in August 2019. NAR’s 2019 Profile of Home Buyers and Sellers – released in late 20194 – revealed that the annual share of first-time buyers was 33 percent.

Individual investors or secondhome buyers, who account for many cash sales, purchased 14 percent of homes in August, a small change from July’s figure of 15 percent and

equal to the August 2019 rate of 14 percent. All-cash sales accounted for 18 percent of transactions in August, up from 16 percent in July 2020 and down from 19 percent in August 2019.

Distressed sales – foreclosures and short sales – represented less than 1 percent of sales in August, equal to July’s percentage, but down from 2 percent in August 2019.

“The past few months have shown how valuable real estate is in the country, both to our nation’s economy and to individuals who have been given an opportunity to rethink

their location and redesign their lifestyle,” said NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, Calif. “NAR maintains robust advocacy efforts on behalf of our 1.4 million Realtors – including hundreds of thousands of housing providers – to ensure this industry can continue to lead in America’s economic recovery.”

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 2.94 percent in August, down from 3.02 percent in July. The Continued on page 8

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

PAGE 8

OCTOBER 2020

Pending sales up for fourth straight month (Washington, D.C.) Pending home sales in August continued to move upward, marking four uninterrupted months of positive contract activity, according to the National Association of Realtors.

Each of the four major regions experienced growth in month-overmonth and year-over-year pending home sales transactions.

The Pending Home Sales Index (PHSI, a forward-looking indicator of home sales based on contract signings, rose 8.8 percent to 132.8 – a record high – in August.

Year-over-year, contract signings rose 24.2 percent. An index of 100 is equal to the level of contract activity in 2001.

“Tremendously low mortgage

rates – below 3 percent – have again helped pending home sales climb in August,” said Lawrence Yun, NAR’s chief economist.

“Additionally, the Fed intends to hold short-term fed funds rates near zero percent for the foreseeable future, which should in the absence of inflationary pressure keep mortgage rates low, and that will undoubtably aid homebuyers continuing to enter the marketplace.”

“While I did very much expect the housing sector to be stable during the pandemic-induced economic shutdowns, I am pleasantly surprised to see the industry bounce back so strongly and so quickly.”

Yun notes that while pending contracts are at an all-time high, that will

not necessarily translate to a record number of home sales because not all contracts lead to closings and due to sampling size variations.

He also points out that pending home sales are outperforming many pre-pandemic averages, but says that without matching supply, the recovery will not be sustainable.

“Home prices are heating up fast,” he said. “The low mortgage rates are allowing buyers to secure cheaper mortgages, but many may find it harder to make the required down payment.”

Realtor.com’s Housing Market Recovery Index, which reveals metro areas where the market has recovered or even exceeded its previous January levels, showed the greatest recov-

eries as of September 19 were in Seattle-Tacoma-Bellevue, Wash.; Las Vegas-Henderson-Paradise, Nev.; Boston-Cambridge-Newton, Mass.N.H.; Denver-Aurora-Lakewood, Colo.; and Philadelphia-CamdenWilmington, Pa.-N.J.-Del.-Md. All four regional indices recorded increases in contract activity on a month-over-month basis in August.

The Northeast PHSI grew 4.3 percent to 117.1 in August, a 26.0 percent jump from a year ago.

In the Midwest, the index rose 8.6 percent to 124.5 last month, up 25.0 percent from August 2019.

Pending home sales in the South increased 8.6 percent to an index of 154.2 in August, up 23.6 percent from August 2019.

August sales rise in every region over last year Continued from page 7 average commitment rate across all of 2019 was 3.94 percent.

Single-family home sales sat at a seasonally-adjusted annual rate of 5.37 million in August, up 1.7 percent from 5.28 million in July, and up 11.0 percent from one year ago.

The median existing single-family home price was $315,000 in August, up 11.7 percent from August 2019.

Existing condominium and co-op sales were

recorded at a seasonally adjusted annual rate of 630,000 units in August, up 8.6 percent from July and up 6.8 percent from one year ago. The median existing condo price was $273,300 in August, an increase of 7.8 percent from a year ago.

For three straight months, home sales have climbed in every region compared to the previous month.

Median home prices increased by double-digit rates in each of the four major regions from one year ago.

Bud Church 410-726-5150

NEW ING LIST

August 2020 saw existing-home sales in the Northeast jump 13.8 percent, recording an annual rate of 740,000, a 5.7 percent increase from a year ago.

The median price in the Northeast was $349,500, up 10.4 percent from August 2019.

Existing-home sales in the South rose 0.8 percent to an annual rate of 2.60 million in August, up 13.0 percent from the same time one year ago.

The median price in the South was $269,200, a 12.3 percent increase from this month last year.

Now Is The Time To Sell!

NEW ING LIST

NEW ING LIST

CLUB OCEAN VILLA II #3 OCEAN CITY

241 ARDMORE II OCEAN CITY

303 BLUE MARLIN II OCEAN CITY

This north end condo offers two bedrooms, two baths on the second floor. This condo is not on water but does come with a deeded boat slip. Number 27. Sold furnished. The complex offers indoor, outdoor pool, tennis, basketball, boat trailer parking and exercise room. Building is convenient to restaurants, shopping and the beach. The condo was never rented, only used by the family.

Original owner.

Waterfront townhouse with two bedrooms, one and half bathrooms in North Ocean City. Unit has new carpet upstairs, freshly painted, new refrigerator, new beds, new ceiling fans, new light fixtures, new kitchen faucet, new vanity and toilet in half bath.

HVAC is one year old, stove is about 3 years old, vinyl floor downstairs is 2 years old. Unit is being sold fully furnished.

Close to the park, restaurants, and beach.

Beautiful 2 bedrooms located close to the beach. Sit on your large balcony and enjoy the water view and fireworks from Northside Park. Location of the condo unit is close to shopping and restaurants. The beach is within walking distance. There are two pools to choose from. Make this place your beach getaway.

MLS# MDWO117214

$195,000

COLDWELL BANKER

BUD CHURCH REALTY, INC.

MLS# MDWO117296

$249,900

MLS# MDWO117130

$259,900

Supporting the special needsof vacation property owners 7806 Coastal Hwy., Ocean City MD 21842 www.coldwellbankerbudchurch.com Bus. 410-524-7888 | Toll-Free 800-851-7326 “Your Only Locally Owned”, Locally Managed Coldwell Banker Office

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

D ect: 410-629-90 Dir 070 Office: 410-208-EX XIT

PAGE 9

Bernie e Flax x EXIT REALT Y AT THE BEACH

TTeext ‘Bernie’ at 85377 ffo or complete inffo o

bernie@bernieflax.ccom 11002 Manklin Meado ows Lane #3 • Ocean Piness, MD 21811 Each Office Is Independently Owned & Operated

13476 MADISON A AV VENUE • OCEAN CITY

Fantastic custom waterfront ho ome. Almost 6,000 sq. ft., 6BR/5BA. Open living are ea, 5 master suites.

Kitchen w/Granite counters. 3 fireplaces, fi great room d k & outt to t the the boat o l k sundeck overlooks b t dock d k & canal.l Over 1,500 sq. ft. bonus room on o 4th floorr,, garage, florida room. No Ocean City taxxes. Close to shopping, MLS# MDWO114472 restaurants, beaches & easy ou ut to bay on your boat.

Better tak ke e a lo ook today before it is SOLD tom morrow!

Lissting Agent: BERNIE FLAX

$945,000

9 WHARF COURT • OCEAN PINES

4 LEIGH DRIVE • OC CEAN PINES 4BR/2.5BA, fully furnishe ed & ready!

Dual Zone Heat & Airr,, 1stt Floor Gas Heat & Electric AC, 2nd Floor H Heat Pump for Heat & Air Remote Gas FFireplace, Gas Hot Water Heater. Kitche en Cabinets, Quartz Counter-tops & K Kitchen-Aid Appliances. New floors throughout, Smart Home System w/h hidden in wall speakers, Garage Door. E Exterior Door MLS# MDWO116352 on Front Balcony, y, Composite Rear Deckk, Electronic Underground Pet Fence, Window Treatments throughout.

Installed roof with ''GAF Slateline'' Lifetime shingles, 5 East Coast Hurricane Shuttters, Alutech Electric Patio Awn A ing, Lawn Irrigation, 8000 LB Boat Lift, 1 Jet Ski Lift. Flood F Zone X current policy is assignable at settlement to new owner.

Listing Ag gent: BERNIE FLAX

$785,000

35 5526 JANUS C T • FRANKFORD, DE

720 RUSTY ANCHOR RD #31 • OCEAN CITY

$ $199,900

$225,000

No inventory? It’s ’s a perfe fect to buy your own land time MLS# 1002127610 and build!

Listing Agent: BERNIE FLAX

Waterfront 2BR/1.5BA, 2 MLS# MDWO117270 hardwood floors fl in living rm.

Tastefully s decorated. Exquisite view ws from the gorrgeous deck. corner unit townho ome, with spot to tie up your boat. Midtown location. Fu Fully ully equipped kitcchen. Convenient location and close to beach.

Listing Agent: ANN HOL LT TZ

$3 367,900

It’s all brand new! Perfe fectly remodeled 4 BR/3BA ready to MLS# DESU170358 AY! Don’t miss move into TODAY this Fabulous Opportunity to work or learn from home!

Potentiaall Nanny, y, Manny, y, Grannie, Pappy en-suite with h its own private porch.

Listing Agent: BERNIE FLAX

Are Y Yo ou Looking to SELL? Contact One of Our Local Expert Agentss Who Will Provide A FREE Market Analysiss and Local Area Market Report

ANDREW R A AY YNE

ANN HOL LT T TZ

JESSIC A GRESCZYK

REAL LT TOR®

REAL LT TOR®

REAL LT TOR®, COMMERC CIAL & RESIDENTIAL

410-251-1816

443-359-9863

717-855-4566

adrayne@yahoo.com

annholtz1@gmail.ccom

soldwithjessg@gmail.com

TIM HALLIGAN

TIMOTH HY PRICE

BONNIE ARTHUR

REAL LT TOR®

REAL LT TOR®

REAL LT TOR®

410-251-6215

484-832-0090

301-651-8975

pricetim198@ @gmail.com

timhalliganop@gm mail.com

bonnie@bonniearthur.com

BOB OT T

RICK W WHITE

SUSAN WHITE

JUDY CURRE EN

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REA AL LT TOR®

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410-430-0990

30 02-236-0958

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TA T ANISHA TA AY YLOR

EIILEEN C ARL A

JAMIE LEWIS

KARA HA AW WK KINS

REAL LT TOR®

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30 02-750-7232

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ttaylor@tanishataylor.com

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lewis3059@gmail.com

kara@soldbykarahawkins.com

PAGE 10

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

Coastal Association Affiliate Members Annie Mac Home Larissa Luck David Bryce Adam Pradon

CTW Real Property Appraisals C Terence Wittstadt

House Master Kathy Hoffman

D3 Corp John Gehrig

Integrity Appraisals Karen Vara

Arrange the Change Sharon Knowles

Deeley Insurance Group Laura Bren

J Dog Junk Removal Carol Vaillancourt

Delmarva Appraisals, LLC Beverly Wilson

Kyawa OC Services Kenneth Earl

B U Murphy Appraisals, LLC Elizabeth Murphy

Draper & Kramer Mortgage Corp Matthew Patterson

L Turner Appraisals LeRoy Turner

Bay Capital Mortgage Richard Proctor

East Coast Construction, LLC Dale Christensen

Landmark Insurance - Financial Group Laura Morrison

Bayshore Appraisals, Inc Janet Jones

Elite Valuations, Inc Kathleen Hoffman

Brennan Title Company Peter McGough John Brennan

Embrace Home Loans Jason Cook

Assateague Appraisal Services Michael Avara

Brumbly Appraisal Services Inc. Alfred Brumbley

First Home Mortgage Kari Story Amanda Garcia

Capitol Title Insurance Agency Kathy Burton Maura Burton Pilar Burton

Gary K. Marshall Insurance Agency David Galeone

Chesapeake Inspection Services David Dickson

Goosehead Insurance Assoc Melanie Geeslin

Coastal Style Magazine Jon Westman

Greater OC Chamber of Commerce Nancy Schwendeman

Coates, Coates & Coates Thomas Coates W. Hank Fisher

Guaranteed Rate Daniel Varda

Community Settlement Group, LLC Scott Breza Cope Mediation, LLC Peter Copenhaver

Gismondi Insurance Assoc Beth Gismondi

Guaranteed Rate Affinity Paul Soule Hometown Inspections LLC Robert Davis Emily Davis

Legum & Norman ~ an Associa Company Lisa Meck

Mortgage Network Hope Morgan Patrick Clark Kaytlyn Senkbeil Movement Mortgage Joe Brach Jill Fennekohl Justin Kozera Nancy Marshall Allen Payne Pamela Rocco Navy Federal Credit Union Walter Leonard Nock Insurance Agency, Inc Emily Nock O’Conor, Mooney & Fitzgerald Stacy O’Conor

Marr Appraisals, Inc Kenneth Marr

Omni Land Settlement Corp Vonny Pilchard

Maryland Department of Housing and Community Development Cecilia Weller Terry Catalano

Oracle Home Inspection Paul Vaillancourt

Maryland Title Service Helene Parks Richardson Joseph Raskauskas Chrissy Roberts April Taylor McLean Mortgage Shawn Hunt Devon Easlack Beth Hunt Aaron Jones Zach King Sam Kotzur Kristine Labert Mid-Atlantic Settlement Services Susan Lloyd

PrimeLending Rod Flowers Professional Pest Services Jeff Lau Pro-Spect Inspection Services Tia Lipko Brooke Alicea Eric Hastings Edgar Martinez Garr Owens Jacob Stanley Nicholas Strayer Josh Rose Real Estate Title and Escrow Devin Holland Steve Greenwood Danielle Smith

Sage Title Group LLC Paul Montemuro Salisbury Neighborhood Housing Amanda Smith Leah Dyson Shorelock Home Inspections, LLC Jay Aydelotte Shore United Bank Terri Johnson Superior Appraisal Service Meggin Nicholson T & G Builders Gary L. James John Rego The Federal Savings Bank Kevin Hodge Donna Allenbaugh Lisa Hodge Theoni Rapo Michael Winters The Gold Standard Inspection Company Todd Williams The Table - Home Staging & Redesign Pamela Trader Turnkey Vacation Rentals Deborah Travers Wesbanco Laura Vest Wells Fargo Home Mortgage Kenneth Lee Williams, Moore, Shockley & Harrison, LLP Peter Buas Morgan Fisher

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

JAMIE CAINE

410-726-0725 | 410-723-8520

PAGE 11

Associate Broker JamieCOCMD@gmail.com

12207 Coastal Highway Ocean City, MD 21842 410-524-1203

Search All Active Listings At: www.jamiecaine.com 1556 TEAL DRIVE • OCEAN CITY NEW PRICE

• Custom Bayfront • 4BR/4BA • Pool • Multiple boat docks • 2 waterfront masters

10706 PINEY ISLAND DR • BISHOPVILLE NEW LISTING

10605 PINE NEEDLE ROAD • OCEAN CITY NEW LISTING

• 3BR/2BA rancher • Updated Bulkheading & Boat Lift

• Waterfront • Florida Room • Large Storage Shed

$529,990

• 3BR/2.5BA

• Direct waterfront • Waterfront • Riverfront Pool sunroom • Pier & dock • Man cave • 5BR/4FB/2HB • Exercise room • Office

• Large 2 car garage • 3 fireplaces • Lawn irrigation • Multiple bayfront balconies

$1,775,000 619 BAYSHORE COURT #C • OCEAN CITY NEW LISTING • Updated 2BR/2BA Townhouse • Boat Slip • Pergo Type Floors • Balconies • Bay View • Small Complex w/only 3 units • Close to beach & $299,990 Boardwalk

12512 OCEAN REEF DRIVE • BERLIN WATERFRONT

• 1BR/1.5BA • Ocean Front • Top Floor Unit $324,900

8245 SEA BISCUIT ROAD • SNOW HILL NEW LISTING

• Ocean Front Balcony • Close to Restaurants & Shopping

• 4BR/2.5BA • Lot backs up to Paw Paw Creek $449,990

4 93RD STREET #201 • OCEAN CITY NEW LISTING

• 1st Floor Master • Close to Pubic Landing Beach, Wharf & Boat Ramp

11700 COASTAL HWY #2002 • OCEAN CITY OCEANFRONT

• Updated 1BR/1.5BA • West End unit facing • Ocean Views south Under Building Storage • Close to Shopping, Restaurants & Bars $247,500

$524,990

• Updated 3BR/2BA • Ocean Front & Bayside Balcony • Amenities: Ice Rink, 2 pools, Fitness Room • Close to Shopping & Restaurants • Ocean Front Sundeck • Fantastic Rental Income

heat pump on 2nd floor

• 1st Floor Primary Suite • Oversized back deck • Irrigation system

$1,299,000

6109 ATLANTIC AVENUE #605 • OCEAN CITY NEW LISTING

• Gas heat on 1st floor &

• Fully furnished

• Never been Rented / Only 1 Owner • Updated Appliances,

$480,000

AC & heat

11700 COASTAL HWY #702 • OCEAN CITY NEW LISTING • 3BR/2BA • Updated • Ocean Front Balcony • Bayside Balcony • Close to Shopping • Building Amenities • Fantastic Ocean Front Sundeck w/amenities $525,000

12445 OCEAN GATEWAY DR #1401 • OCEAN CITY BUSINESS OPPORTUNITY

8 36TH STREET #213 • OCEAN CITY NEW PRICE

LOT 9 - SEA BISCUIT ROAD • SNOW HILL

• Showroom • Workshop • 2 BAs $199,900

• Upstairs office • Front & rear entries • Sold As Is • Fees are $250/month

• 1BR/1BA • Very clean & updated • South facing • Ocean Views • Private balcony • Close to Coconuts

$178,500

• Estate size lot • Quiet & quaint • Bay views

• Near Chincoteague Bay • Close to Snow Hill

$74,900

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 Residential Brokerage are independent contractor agents and are not employees of the Company. ©2020 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 service marks owned by Coldwell Banker Real Estate LLC. 07/15

OCEAN PINES

OCEAN CITY

11049 Racetrack Road Ocean Pines, MD 21811 Office: 410-641-5000

6500 Coastal Hwy., Suite A Ocean City, MD 21842 Office: 410-723-1717

www.shamrockrealty.com

Demand is High – NOW is the Right Time to Sell! Inventory and Mortgage Rates are Low Let Us Get TOP DOLLAR for Your Home – Call Us to List Today!

ER WAT

VIEW

6 SANDY CIRCLE OCEAN PINES • $499,000

NEW LISTING

40 BURR HILL DRIVE OCEAN PINES • $269,900

NEW LISTING

47 BRANDYWINE DRIVE OCEAN PINES • $254,500

NEW LISTING

4BR/2BA, dock, 2 boat slips, 8000 pound lift, one car garage, two waterfront decks and screened porch. Wood flooring, beautiful furniture. Designer kitchen w/stainless appliances, soft close cabinets, tiled floors and backsplash. Vaulted great room w/expansive windows and FP. Large first floor primary suite w/newer bathroom double granite sinks and tile flooring. Loft overlooking great room. Above the garage is a bonus room.

3BR/2BA w/cathedral ceilings, expanded entertaining space, lots of light, and so many updates! New roof, encapsulated crawl space, HVAC, Rinnai tankless hot water heater, deck, hardwood floors & carpet! Sunroom and screened porch. Outdoor shower w/shower door & hot water! Plenty of storage.

Your place at the beach, w/lots of curb appeal out front and maintenance free back yard!

3BR/2BA. Covered front porch & Florida Room overlooks rear yard. Quiet treelined street. Wrap-around living room w/wood floors flow into kitchen w/granite countertops, plenty of counter space & cabinets plus breakfast bar. Owner's suite w/windows for natural light, cathedral ceiling & bath w/ceramic tile, walk-in shower & dual sinks. 1 Car garage w/opener, storage above garage.

MLS MDWO117134

MLS MDWO117212

MLS MDWO116774

NEW

Call Julie Woulfe at 443-604-0186

308 POWELL CIRCLE BERLIN • $449,000

E

PRIC

ER WAT

Call Julie Woulfe at 443-604-0186

VIEW

Recent upgrades include renovated master bath, epoxy floor in garage. Well maintained near Berlin. Move in ready. Sun room. Hardwood flooring throughout 1st floor. Newly renovated Master bathroom with luxury vinyl flooring, Granite in Kitchen and stainless steel appliances. Large rear composite decking, with above ground swimming pool and a fully fenced yard, Large storage shed.

3BR/2 full/2half BA in Pintail Isle. Living room w/HW floors & wood burning fireplace, plus dining room & kitchen w/marble tile.

Views of Pintail canal from dining room & kitchen. 1st floor master suite, tub & shower, his & her closets. Bonus room over garage. Corner lot & large 2 car side entry garage. Newer H/W heater & washer. 1 year Home Warranty offered.

MLS MDWO116940

MLS MDWO113842

Call Charles Leo at 443-235-0577

Call Veronica Bishop at 443-373-1541

2 CRAB CAY COURT OCEAN PINES • $399,900

LOTS 44 & 45 QUILLIN BERLIN • $99,900 EACH Adjoining lots 44 & 45 located in the beautifully developed area of Golf Club Shores. Views of the golf course holes 4 & 5. Close to Ocean City and Assateague, shopping and restaurants.

Call Pam Wadler at 410-726-6125

Call Mary Burgess at 443-880-3740

LOOKING FOR A CAREER IN REAL ESTATE?

Check out our Website for Upcoming Career Night Classes www.shamrockrealty.com

Linda Barron

Rosie Beauclair

Frank Kay

Traci Kerrigan

Veronica Bishop

Mary Burgess

Chuck Leo

Dylan Markward

Jan Castner

Kelly MacPherson

Amanda Forsythe

Brittani Phillips

Paul Freed

Mike Piasecki

Donna Frankowski

John Rego

Rob Haddix

Lisa Rill

Jeff Jones

Pam Wadler

Kimberly S. Jones

Ron Wesche

Isaiah Johnson

Julie Woulfe

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

PAGE 12

OCTOBER 2020

Home improvement projects surging among millennials Three-quarters of millennial homeowners are funding home upgrades between the start of the covid19 pandemic and the end of the year, and nearly half, 46 percent, of them are going into debt as a result, according to a September Bankrate.com survey.

That includes using or planning to use a credit card and paying it off over time, 30 percent , store financing, 15 percent, a personal loan, 10 percent,

and home equity borrowing or mortgage refinancing, 6 percent.

While many may have shifted spending priorities amid the financial impact of covid-19, 47 percent have made at least $500 worth of home upgrades, including new furniture, new home electronics, new appliances, and other improvements during the pandemic, or plan to do so before the end of the year.

Continued on page 15

Rates fall as September ends Mortgage rates fell at the end of September as market watchers awaited the key jobs data release Specifically, the 30-year fixed-rate mortgage dropped to average 2.88 percent this week from 2.90 percent the prior week. Rates have stabilized below 3 percent for more than 2 months.

Mortgage rates varied from 6-11 percent in the 1990s and 5-9 percent in the early 2000s. However, current rates are hovering below 3 percent In the meantime, high demand and a limited supply of homes continued to push up prices. With home prices to

rise in 96 percent of metropolitan areas, many potential buyers are concerned about saving for a downpayment. Nevertheless, these ultra-low mortgage rates significantly lower the borrowing cost. Moreover, remember that the median down payment is 6 percent for first-time homebuyers, according to NAR’s Profile of Home Buyers and Sellers.

Looking ahead, mortgage rates are expected to stay historically low, with more homebuyers to benefit from these low rates. As a result, home sales will likely continue to rise for the remainder of the year.

LONG & FOSTER REAL ESTATE, INC. 11701 Coastal Hwy | Ocean City Square Shopping Center | 410-524-1700 NEW PRICE

NEW LISTING

UNDER CONTRACT

KAREN RUSSO Cell: 410-262-7320 Office: 410-524-1700

12902 ASSAWOMAN DR

6901 ATLANTIC AVE UNIT 4 • BEACH PLACE

Rarely available lot in prime, sought after location with utilities available. The approximately 50x100 lot previously housed a multi-unit building with some ocean views. Steps from the beach & convenient to many goods & services. All information to be verified by the county/city.

(1002256902)

$835,000

Rarely Available 3BR/3.5BA Direct Ocean Front. 2 Car covered parking. Open Floor Plan w/ocean views throughout, kitchen w/ceramic tile, SS appliances, upgraded countertops, wet bar w/wine refrigerator.

Updated powder room w/Bamboo Floor &Access rear deck. Direct ccean front master BR w/ceiling fan, carpet, exposed beam ceiling & sliding glass door to deck w/beach & sunrise views.

(MDWO116288)

$699,000

1855 ST. THOMAS CHURCH RD

In 1986, this home was converted from a 2-room dwelling built in1900 into a 2-story home that sits on 2 and half acres. 1-car attached garage detached garage. Included is a deeded, .43 acre adjacent lot. River views.

Enjoy boating, fishing, crabbing, hunting, birdwatching and more. Natural light and plenty of closet space. The attached garage is used as a living space.

(MDDO123684)

$125,900

Join Our Team At Long & Foster Ocean City!

TOM NIEMKIEWICZ

Please call or email me for a confidential Conversation on joining our team: 9100 COASTAL HIGHWAY PRINCESS ROYALE • UNIT 502

Cell: 410-603-2136

Direct oceanfront 1BR/1BA. Updated w/new modern kitchen cabinets w/oceanfront balcony, living room, bedroom, kitchen & bath & sleeps 6 people & $35,000+ gross rental revenue in 2019. Amenities -Olympic size heated indoor pool w/game room, refreshment stand & sun deck. Oceanfront bar & restaurant, fitness room, sauna, spa, hot tubs & much more. Centrally located close to restaurants, shopping, basketball & tennis courts. Seller offers Buyer a 1 Year Home Warranty.

(MDWO112410)

$265,000

Interested in a career in real estate?

Classes forming now!

Visit www.longandfoster.com/careers Stan Zaremba Branch Manager 410-520-2707 • Stan.Zaremba@LNF.com

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

PAGE 13

2011-2019 Top Office Agent

REALTOR® MARYLAND & DELAWARE

Ocean City

CELL: 443-235-7266 • OFFICE: 410-520-2704 • timothy.meadowcroft@lnf.com

Your Neighbor, Your Realtor On The Eastern Shore

MARYLAND

DELAWARE 35739 Sea Gull Rd Selbyville

766 94TH Street Ocean City

NEW LISTING

The view, the view, the view. No need to say more. This home was lovingly enjoyed for many years by this family who savored beautiful sunsets and morning coffee on the deck overlooking the bay and Ocean City skyline. Nicely updated $ 679,000 kitchen, 3 large bedrooms, soaring stone (MDWO116916) fireplace, and cathedral ceilings are some of the great features of this home. Detached garage has a extra higher door to fit your boat too. See it before it is sold!!

308 26th Street #4 • Ocean City Well kept & bright 4BR/3.5BA townhouse featuring an open floor plan, high ceilings & 2 balconies for watching the sun set on the bay.

Upstairs master & entry level bedroom both have en suites. There's plenty of room for entertaining friends & family or take $ 430,000 advantage of this great rental opportunity.

(MDWO112426) This downtown location has 1 car garage, 2 assigned parking spaces and is just steps from the bay & near restaurants, shopping, amusements and the beach.

38659 Bright Ocean Way Selbyville

NEW LISTING

Custom built waterfront 4BR/2.5BA in the woods in quiet Swann Estates. Open galley kitchen w/large tiled breakfast nook & pantry, entry & dining room w/skylights, cathedral wooden ceilings & hardwood floors. Living $ 649,900 room w/fireplace & 1st floor master w/separate shower & (DESU134188) tub, all w/large windows allowing lots of light & water views. Walk out lower level w/plenty of storage, sitting room/office. 4th BR w/wood stove & more water views. Mature landscaped yard w/garden pond & shed, circular driveway & 2 car garage. HOA fee is only $350/yr.

5BR/2.5BA with hardwood floors and crown molding throughout first floor, cathedral ceilings and palladium windows allowing, formal dining room with chair rail, first floor den, office or game room with bay window, and an over sized owners' suite with walk in closet $ 539,900 and bath with walk in shower. kitchenw/center island, (DESU167054) stainless appliances, wood cabinetry, natural stone counters and back splash. Mud room/laundry has separate front door. Sun room with floor to ceiling windows. The community has natural gas, low HOA fees with common area maintenance and a private in ground pool and available boat and RV storage.

37035 Cygnet Drive Selbyville

38221 Tidewater Court #1222 • Selbyville

NEW LISTING

Enjoy gracious one floor living in this spacious contemporary home located in Swann Estates. This light and airy open concept home features hardwood floors throughout, three ample bedrooms including master with en suite. French $ 385,000 doors in the living room lead to a large, bright sun (DESU165206) room that opens to a deck and beautifully landscaped backyard with plenty of room for out door living. This home and yard have been meticulously and lovingly maintained. Newer HVAC, nice rear hard scaping, large lot, and low HOA fees of $300/year! Just minutes from restaurants, shopping and Delaware and Maryland beaches.

Manhattan meets Fenwick in this stylishly sleek bay front townhouse in Bayville Shores.

The seller spared no expense in selecting her furnishings and finishes in this beauty. Bay views abound from all levels with extended $ 699,000 living spaces on the main floor and main bedroom suite.

(DESU169336) Hardwood flooring, stainless appliances, Corian counters, crown moldings, and eye pleasing touches everywhere. Put this striking unit on your very short list as it may be sold quickly. The property will convey fully furnished minus a few pieces of artwork and any personal items.

15240 Star Fish Ct Milton Located on a nicely landscaped cul de sac lot. Spacious one-level living with 3BR/2BA on first floor, plus a 2nd floor bonus room above the attached 2-car garage. Open $ floor plan with living room - dining room, 369,900 (DESU154956) breakfast bar and sun room, large master w/en suite master bath featuring garden tub and walk in shower. Large laundry room, Quiet location but close to beach, shopping, restaurants, and downtown Milton, Rehoboth, and Lewes.

TWO TO CHOOSE FROM STARTING AT $89,900 Club House Rd Ocean View Great partially cleared lots in Ocean View close to new construction, no HOA fees or builder tie in. Build your dream home with out any high HOA fees or community restrictions.

#1 LISTING AGENT IN 2019!

Realtor®

Licensed in MD & DE

Cell:

410-430-7302 • Office: 410-524-1700 • Mary@MaryMcCracken.com 11701 Coastal Hwy • Ocean City MD

Looking To Buy On The Eastern Shore, Go To www.MaryMcCracken.com NEW LISTING

Oceanfront

Direct Bayfront

36990 Refuge Court UNIT 1110 3BR/3.5BA with hardwood floors, Coastal Charm Furnishings. Kitchen with granite counters, stainless appliances and sky light, Living Room with Gas FP and 2 sunrooms, Deck overlooking the bay. Master Suite has extended floor plan with space for office plus Master En-suite with Double Sink, soak-in tub and separate shower. Covered patio and small yard. Laundry area and Garage. Outdoor pool, Pier/Dock, Fitness Center, and more. $

550,000

Premiere

9800 Coastal Highway UNIT 604

Oceanfront

Absolutely perfect location on 6th floor, south

Building offers

side of building and open views on oceanside

1/2 Acre

and bayside. Well cared for by original owner.

Oceanfront

Oceanfront Living and Master bedroom with

Deck with

balcony access and beautiful ocean views.

HEATED

Plus sunshine and breezes from the bayside

Outdoor Pool,

through your den, 2nd bedroom windows and

Kiddie Pool and Tiki Bar/Grill.

door. Property has incredible rental income history. Just waiting for you! 2 Car Parking and Private Beach Storage on ground floor.

$

455,000

PAGE 14

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

PAGE 15

Millennials leading boom in home improvement projects Continued from page 12 Of those who have completed or plan to complete home upgrades before the end of the year, there are trends amongst younger homeowners, parents of younger children, and different regions.

Millennial homeowners, ages 2439) are significantly more likely to make improvements, 75 percent, compared to 58 percent of Gen X homeowners, and 54 percent of baby boomer homeowners. Parents of children under the age of 18 are also more likely, 75 percent, to have completed or plan to complete upgrades com-

pared to non-parents at 55 percent.

Finally, northeastern homeowners, 66 percent, and western homeowners, 61 percent, skew more likely to have completed or plan to complete upgrades than their midwestern, 59 percent, and southern, 56 percent, counterparts.

Millennial homeowners again stand out with more balanced plans compared to homeowners overall.

In terms of funding these home upgrades, more than half of homeowners, 58 percent plan to draw from a checking or savings account. Thirtyseven percent will use a credit card

and pay it off in full, while 20 percent plan to use a credit card and pay it off over time. Other loans include store financing, 8 percent, home equity borrowing/mortgage refinancing, 6 percent and personal loans, 5 percent.

Overall, 32 percent of homeowners took on debt or plan to take on debt to fund their upgrades, with millennial homeowners being the most likely cohort to do so, 46 percent compared to 38 percent of Gen Xers and 21 percent of baby boomers.

“The home improvement industry is booming during the covid-19 pandemic,” said Ted Rossman, credit

card analyst at Bankrate.com. “Most people are spending a lot more time at home, and this is leading them to spend a lot of money and effort customizing their living spaces.'

Among those who have upgraded or plan to upgrade their homes, the most common projects are a bathroom, 61 percent, kitchen, 53 percent, home infrastructure such as roof and HVAC, 52 percent, and major landscaping, 52 percent.

Additional projects include a bedroom, 46 percent, other, 44 percent, deck, 43 percent, basement, 23 percent, and pool, 11 percent.

LIKE US ON

Neighbors Serving Neighbors - One Home at a Time 410-208-9200 • 800-337-7368 • 11065 Cathell Road, Ocean Pines • 8202 Coastal Highway, Ocean City • 410-723-9450 Licensed in MD, DE

• www.hilemanrealestate.com • e-mail: hilemanre@aol.com PERFECT LOT FOR BUILDING YOUR PERFECT HOME

Terri

Bradford

Associate Broker, GRI

Bethany

Drew

in Colonial Village of Ocean Pines! Literally a short walk to Ocean Pines Yacht Club and pool as well as boat ramp and Mumford Pool. Sweet colonial style homes are the design requirements for this area, but the options are endless for your personal touches for our very own custom home. Call for details of this great opportunity that is awaiting you. $48,900

Associate Broker, OPEN HOUSE OCT. 10 • 1-3 RELAXING COASTAL Licensed in MD, DE GRI LIVING AT ITS FINEST!

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

Tim

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

Lynette

Bridges-Catha CRS, PMN, GREEN, SRES

Licensed in MD, DE

443-497-3128 Cell Smilin4shore@comcast.net Member of: MRIS, Sussex & Coastal Multiple List

Cindy

Crockett REALTOR®, GR Licensed in MD

410-430-0587 Cell Cindy@HilemanReal Estate.com

3BR/2.5BA, fully furnished townhouse w/large fencedbackyard.

Scenic view of Fenwick Island Lighthouse. Newwaterproof Woodford Oak luxury vinyl plank 14502 Lighthouse Ave. #A floors throughout. Freshly painted w/colors, feels bright & airy. Eat-in Ocean City kitchen w/pantry. Utility closed has stackable washer & dryer. Shed & pull down stairs attic provide plenty of room for storage. Great rental potential!

Dir: Coastal Hwy. to 146th St. bayside, left on Lighthouse Ave. to 14502.

$299,000

TIME TO BUILD YOUR DREAM HOME

Stunning Bay views from master BR, living room, the choice how to build is yours.

Walk less than a block to pristine wide beach. Located in the community of Tower Shores. Location is just steps to Matt’s Fish Camp, a popular restaurant, or walk the beach about a mile to The Big Chill Restaurant & Beach Club at the Indian River Inlet. Surf fishing, marina & boating is all nearby. Excellent lot to build your beach getaway! $723,997

NEW PRICE

BAY & OC SKYLINE VIEWS

4BR/4BA. Walking distance to 2 Marinas. Private elevator to all 3 floors, 2 water view balconies & 1 master. 2 car garage. 1st floor: it's own living quarters w/kitchen area & breakfast bar, living room, covered deck w/bay view & BR/BA. Master suite w/walk-in closet. 3rd floor for inside entertainment! Large kitchen w/ bar & breakfast nook, counters, plenty of counter space & cabinets. Great room w/ vaulted ceiling, gas fireplace, large windows that allows for plenty of natural light & bay views. Bar w/seating, $729,118 built-in wine rack & cabinets, sink & fridge.

BUILD YOUR PERFECT COUNTRY HOME!

Two Large Parcels 1.5 Acres & 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! $79,900 & $99,900

COMMERCIAL LEASE

Call Debbie Hileman at 443-235-5982

CUTTING EDGE CONTEMPORARY

Professional Office Suite located within walking distance of Historic Berlin, Shops, Restaurants and Events! Waiting room 12x11, Reception area 12x8, 3 Examining Rooms 9x9 with sinks and cabinets, Nurse's station 9x6, Kitchen 7x6, Office 10x9, one full and one 1/2 bath. Office is fully remodeled with new high efficiency HVAC. $1700 per month

NEW PRICE

For those who won't abide by the ordinary! Multi-level with 3 BR & 2 full baths, loft overlooks living area with built ins and wood burning fireplace. Lots of decking.

Main bedroom on 2nd level, spacious bath with jetted tub, double sink, separate shower, large walk in closet & walk out $259,900 balcony. 1 yr home warranty.

QUARTER SHARE OWNERSHIP

Sonia

Zaffiris Associate Broker GRI, CRS

Licensed in MD, DE

410-251-6217 soniasez@aol.com

NEW LISTING

13 weeks a year. Fully furnished 2BR/2BA & equipped. Top floor corner end unit, which makes it sunny & bright. Most private of all units. Full View of bay & stunning sunsets. Just steps to beach. Updated kitchen w/tile back splash. Pool, covered parking w/elevator & large storage locker for your beach toys.

Short walk to restaurants, shopping & on site staff. Vacation Worldwide Exchange options with RCI program $15,000 also available.

Kevin D.

Heselbach REALTOR®, RSPS

Licensed in MD & DE

410-723-9450 Office kheselbachHRE @gmail.com

VACANT BUILDING LOT

located in a gorgeous area containing homes designed with stately Colonial Architecture. What a location! Walk to the stunning Ocean Pines Yacht Club, Pines Point Marina, Two Swimming Pools or the Boat Ramp. Enjoy all of the amenities that this Award-Winning community has to offer!

STRIKING CONTEMPORARY WATERFRONT

$69,900

NEW LISTING

on extra wide open canal. Dock your boat right in your backyard! Fully furnished and move-in ready. Multiple accesses to rear decks and balcony. Unique floor plan features vaulted ceilings, ceramic tile, woodburning fireplace, Jack & Jill bath. Built-in kitchen shelving, bedroom closets and drawers. Large primary suite on the second level includes a private balcony, walk in closet, office/studio area, step up whirlpool tub, double vanity and skylight. New Roof, Fiberglass doors, Washer, Dryer, and Refrigerator.

Enjoy the un-ordinary!! $459,900

Debora E.

Hileman OWNER/BROKER GRI & CRS Licensed in MD, DE

443-235-5982 Cell Debbie@Hileman RealEstate.com

PAGE 16

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY

OCTOBER 2020

8606 Coastal Highway, Ocean City, Maryland 21842 410-723-4500 • 800-369-0101 www.Century21NewHorizon.com

1513 TEAL DRIVE

This one story contemporary brick home is a real gem located in prestigious Mallard Island. It has been completely updated, is beautifully appointed and in move in condition. All windows have custom plantation shutters. Other features include a walk in closet in the master suite, breakfast nook and a large separate dining area with wood flooring, fireplace, living room with wood flooring, state of the art TV with surround sound, large foyer and storage room you can access from the inside as well as the outside. A must see on your list! $574,900

305 SEA HARBOR

A must see condo for the price. The perfect 448' summer home or year round investment. Very clean, freshly painted, brand new gray vinyl plank flooring and new Air Conditioner. This studio has a permanent wall separating the living room & bedroom. The building is self-managed and includes an elevator and full basement with laundry room, meeting room, bike racks and each owner has a 7 x 7 private, locked storage room.

Nice size parking lot, outside shower. $119,900

501 141ST STREET

This spacious house of over 2000 square feet features 4 bedrooms and 2.5 baths. There are two levels and two living rooms. The location is in the quiet neighborhood of Caine Woods, and it is a short walk to the beach. There is a small park right across the street!

You will love all the room and the central a/c and the decks. Located at the corner of North Ocean Road and 141st Street. It is time to find your happy place and find your place at the beach! $440,000

3M HIGH POINT NORTH

Beautiful efficiency unit on mezzanine level. Ocean view! Direct access to ocean. Laundry room on same level. Must see! $143,900

34 BAY COLONY Spacious for a 1 bedroom, plenty of light through the large sliding glass doors. Grassy courtyard with a new pool. Nice size balcony, large bedroom, new flooring, carpet and paint throughout. New paddle fans. Combo door lock. Fresh new blank slate for you to decorate. $149,900

Each office is Independently Owned and Operated.