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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
Real Estate
EARLY JUNE 2021
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 Assistant Publisher........................................................... Elaine Brady Account Managers ......................................... Mary Cooper, Vicki Shrier Classifieds/Legals/Production Manager .................... Nancy MacCubbin Senior Designer .............................................................. Susan Parks Graphic Artist ................................................................... Kelly Brown Publisher..................................................................... Christine Brown Admin. Assistant................................................................... Gini Tufts
Nanette Pavier/Holiday Real Estate ...............................Page 2 Northrop Realty...............................................................Page 3 Mickey Lobb/Berkshire Hathaway PenFed....................Page 4 Marlene Ott/Berkshire Hathaway PenFed ....................Page 4 Berkshire Hathaway PenFed Realty/Ocean Pines..........Page 5 Maryland Title Service ....................................................Page 6 Long & Foster/Ocean City ...............................................Page 7 Shamrock Realty Group .................................................Page 8 Bud Church/Coldwell Banker ........................................Page 8 Bernie Flax/EXIT Realty At The Beach ..........................Page 9 Ann Holtz/EXIT Realty At The Beach ............................Page 9 Katherine Wright Payne/Coldwell Banker .....................Page 9 CAR Affiliates.................................................................Page 10 Hileman Real Estate.......................................................Page 11 Jamie Caine/Coldwell Banker Realty............................Page 12
410-641-0039 WWW.OCEANCITYTODAY.COM 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
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.
201 S Heron Dr Unit 15 B & Boat Slip #23 Heron Harbour Isle
206 N Heron Dr Unit 9 & Boat Slip #11 Seascape -Heron Harbour Isle
Harbour Club Top Floor 2 Bed 2 1/2 Bath Water Front Condo
2nd Floor 2 Bed 2 Bath Water Front Condo
The best of coastal living in this spacious water front top floor condo featuring cathedral ceilings, electric fireplace, 2 master bedrooms rooms with decks & private boat slip in front of your unit. Oversized deck with steps to dock. Bring your boat, jet skis & kayaks to enjoy the bay & fishing. MDWO122266
Enjoy wonderful bay views from your deck just steps to your boat slip directly in front of the unit. Spacious living area with wall to wall slider doors to deck. Easy access to dock with stairs from deck. Freshly painted interior & exterior.
EARLY JUNE 2021
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY JUNE 2021
, GRI Be Picky, Call Mickey!
443-880-2064
11001 Manklin Meadows Lane Ocean Pines MD 21811
410-208-3500
mickey.lobb@penfedrealty.com mickeylobb.penfedrealty.com Top 10 Things To Do When Buying or Selling a Home: #1 Call Me & I’ll Do the Rest!
Mick’s Pick of the Month!
88 WHITE HORSE DRIVE • OCEAN PINES
NICE BUILDING LOT CLOSE TO WHITE HORSE PARK
Since housing inventory is very low, why not build your own home instead! You can choose your own builder too. Enjoy all the community amenities Ocean Pines has to offer including Yacht Club w/restaurant, 5 swimming pools (1 enclosed), Robert Trent Jones golf course, club house w/restaurant, marina, community center, beach club, tennis center, skate park, dog park, police dept., fire dept., playgrounds and athletic fields. Make this your future home in Ocean Pines!
$75,000
©2019 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.
A ct Quicck - Homes Aree Seelliing Fasst ! Assoc. Broker, CRS
www.MarleneOtt.com
11001 Manklin Meadows Lane, Ocean Pines, MD 21811
C: 410-430-5743 • O: 410-208-3500 • F: 410-641-1633 • E-Mail: Marlene@MarleneOtt.com COLONIAL VILLAGE • OCEAN PINES
OPPORTUNITY TO DO YOUR OWN UPDATING & DECORATING
PENDING CONTRACT 1307 McHenry Ct Ocean Pines
Colonial-style 4BR/3BA on cul-de-sac street within walking distance to the Yacht Club & Mumford's Landing Pools, great food & weekend live entertainment in season at The Yacht Club. Hardwood floors on 1st floor tile in kitchen & sunroom. Separate utility room. Kitchen w/bar seating plus Breakfast room. Large pantry. Wet Bar between kitchen & dining room. Covered roof between home and detached garage. Permanent stairs to upper level storage and possibility to finish off into another room & bath. Brick patio. Dehumidifier in crawl space & new dehumidifier in garage. $
550,000
DESIRABLE APARTMENT IN THE WOODLANDS
1135 Ocean Pkwy #310 Ocean Pines
2BR/2BA. Amenities include elevators, staff, theater room, card room, mailboxes, restaurant, hair salon & more. Entire building & each unit is handicapped accessible. Nice views of trees & woods from the 5 x 10 enclosed Sun Porch. Spacious kitchen w/bar seating area for casual dining. Great room is carpeted & has space for living and dining. 5x 5 laundry room has tile floor & cabinets for storage. Utility closet in hall has hot water heater & room for more storage. Guest hall bath along w/nice size guest bedroom. Primary bedroom w/large walk-in closet & bath w/walk-in shower. The Woodlands has on-site management and lobby security. Call the $ listing agent for questions and details. Immediate occupancy.
240,000
NEW PRICE
51 Cannon Dr Ocean Pines
Custom built 2BR/2BA w/2 car garage & large rear deck. New roof in 2012. Everything needs some TLC but a great chance to own a well-built home near the end of a cul-de-sac street across from the 16th hole of the OP Golf Course. Spacious Primary bedroom has a large walk-in closet plus regular closet. Washer & dryer in garage. Living room w/wood burning fireplace. Lot has an access easement on one side that has the Mail boxes on it which gives you a little more space between neighbors. Seller may consider crediting buyer with closing cost assistance for an acceptable offer. $
289,000
Call Me Today to Get a FREE Estimate of the Selling Price for Your Home in Today’s Market
©2021 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.
EARLY JUNE 2021
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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Nationally, sales slowed for existing homes Housing supply continues to affect sales, although 2nd home purchases rise WASHINGTON – Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors. All but one of the four major U.S. regions witnessed month-overmonth drops in home sales, but each registered double-digit year-overyear gains for April. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 2.7 percent from March to a seasonally-adjusted annual rate of 5.85 million in April. Sales overall jumped year-over-year, up 33.9 percent from a year ago (4.37 million in April 2020). “Home sales were down again in April from the prior month, as housing supply continues to fall short of demand,” said Lawrence Yun, NAR’s chief economist. “We’ll see more inventory come to the market later this year as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in
mortgage forbearance will also bring about more inventory. “Despite the decline, housing demand is still strong compared to one year ago, evidenced by home sales from this January to April, which are up 20 percent compared to 2020,” Yun continued. “The additional supply projected for the market should cool down the torrid pace of price appreciation later in the year.” The median existing-home price for all housing types in April was $341,600, up 19.1 percent from April 2020 ($286,800), as every region recorded price increases. This is a record high and marks 110 straight months of year-over-year gains. Total housing inventory at the end of April amounted to 1.16 million units, up 10.5 percent from March’s inventory and down 20.5 percent from one year ago (1.46 million). Unsold inventory sits at a 2.4-month supply at the current sales pace, slightly up from March’s 2.1-month supply and down from the 4.0-month supply recorded in April 2020. These numbers continue to represent nearrecord lows. NAR first began tracking the single-family home supply in 1982. Properties typically remained on the market for 17 days in April, down from 18 days in March and from 27
days in April 2020. Eighty-eight percent of the homes sold in April 2021 were on the market for less than a month. First-time buyers were responsible for 31 percent of sales in April, down from 32 percent in March and 36 percent in April 2020. NAR’s 2020 Profile of Home Buyers and Sellers – released in late 2020 – revealed that the annual share of first-time buyers was 31 percent. “First-time buyers in particular are having trouble securing that first home for a multitude of reasons, including not enough affordable properties, competition with cash buyers and properties leaving the market at such a rapid pace,” Yun said. Individual investors or secondhome buyers, who account for many cash sales, purchased 17 percent of homes in April, up from 15 percent in March and 10 percent in April 2020. All-cash sales accounted for 25 percent of transactions in April, up from both 23 percent in March and 15 percent in April 2020. Distressed sales – foreclosures and short sales – represented less than 1 percent of sales in April, equal to March’s percentage but down from 3 percent in April 2020. According to Freddie Mac, the average commitment rate for a 30-year,
conventional, fixed-rate mortgage was 3.06 percent in April, down from 3.08 percent in March. The average commitment rate across all of 2020 was 3.11 percent. Yun expects the 30year fixed-rate mortgage to remain below 3.5 percent in 2021. Single-family and Condo/Co-op Sales Single-family home sales dropped to a seasonally-adjusted annual rate of 5.13 million in April, down 3.2 percent from 5.30 million in March, and up 28.9 percent from one year ago. The median existing single-family home price was $347,400 in April, up 20.3 percent from April 2020. Existing condominium and co-op sales were recorded at a seasonallyadjusted annual rate of 720,000 units in April, up 1.4 percent from March and up 84.6 percent from one year ago. The median existing condo price was $300,400 in April, an increase of 12.6 percent from a year ago. “The demand for homeownership in America is as strong as it’s ever been, and NAR continues working with policymakers across the country to find solutions to the issues we face in our industry,” said NAR President Charlie Oppler, a Realtor from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby’s InContinued on page 10
EARLY JUNE 2021
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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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! THE CAPRI #511 OCEAN CITY Direct oceanfront, fully furnished, 1434 sq.ft. unit with 3 bedrooms with ocean views & 2 baths. Oceanfront balcony w/panoramic views. Oceanfront building w/easy access to beach, sundeck, large heated indoor pool, exercise room, tennis court, library & game room including a basket ball hoop. Private storage locker is available on the ground floor for all of your sandy beach chairs and toys. The building also has 3 elevators & on site security. Close to shopping, $675,000 entertainment & restaurants. (MDWO121440)
TOM NIEMKIEWICZ Cell: 410-603-2136
27 LESLIE MEWS OCEAN PINES Gorgeous Waterfront Lot in Terns Landing on Quiet Cul de Sac with Beautiful Homes. 80' of waterfrontage offering lovely views. Great Opportunity to own in this prestigious community with all the wonderful amenities of Ocean Pines. Seller has plans for a 4 Bedroom Home to be built.
$440,000 (MDWO122148)
MARY MCCRACKEN 410-430-7302
NEW PRICE
102 25TH STREET #302 • OCEAN CITY 1 block to the beach & OC's famous boardwalk in heart of downtown. 3BR/2BA w/Ocean & Bay views from your wraparound terrace. Open floor plan w/fireplace for the cool nights. Under building parking, secure storage and elevator. Comes fully furnished for your immediate enjoyment. Close to restaurants and activities. Schedule your showing today and getaway to your own beach paradise. $575,000 (MDWO1194000)
CHARLES RAPPA Cell: 610-405-9621 NEW LISTING
13359 COVE LANDING ROAD BISHOPVILLE 4BR/2BA waterfront on halfacre piece of paradise. Sun filled eat in kitchen, bar area & living room w/cathedral ceiling present a bright open floor plan.Enjoy the scenic, private dock & maybe take a quick boat trip to Seacrets, Fish Tales, or Harpoon Hannah's for dinner! New HVAC system. Attached garage w/ 2nd level gives you room for all your fishing tackle, beach chairs & more. Bay View Estates community has a swimming pool, tennis court & community boat ramp with a crabbing pier. Waterfront homes at this price are rare. Act fast and have a wonderful 2021 summer, with many more to $425,000 (MDWO122066) come!
MIKE KOWALSKI Cell: 301-807-6454
QUAY #307 • OCEAN CITY 3Bed/2Bath. Direct Ocean Front Living and Master Bedroom plus More Ocean Views from every room. Tons of updates including Kitchen Cabinets, granite counters plus Fully Renovated Baths.
$625,000
MARY MCCRACKEN 410-430-7302
Join Our Team At Long & Foster Ocean City! 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 Stan Zaremba Branch Manager 410-520-2707 • Stan.Zaremba@LNF.com
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
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EARLY JUNE 2021
Demand is High – Now is the Time to Sell or Rent Your Property
OCEAN PINES 11049 Racetrack Road Ocean Pines, MD 21811 Office: 410-641-5000
Let Us Get TOP DOLLAR for Your Home Sale or Rental
www.shamrockrealty.com 201 E M
S
•S
H
• $949,900
59 S
L • $299,000
EAFARER ANE ARKET TREET NOW ILL NEW CEAN INES The River House Inn, a Bed & Breakfast on the Pocomoke River in historic downtown Snow LISTING Updated 4BR/2.5BA over 1700 sq. ft and recently Hill. Nationally registered with historical Victorian home w/charm & history offering 2+ acres painted. French doors with access to front porch. w/panoramic views of the Pocomoke River. Main house boasts 5 BRs & 5.5 baths in 6,000+ Spacious kitchen, featuring updated counters, and sq. ft. of living space, Pub Room, Dining Room that can be separated into 2 separate eating open living room gives that contemporary feel and areas, Large Gourmet Kitchen & Social Room for guests. Innkeepers quarters include flow. 2 cozy BRs on first floor, including the primary private bedroom, full bath, living room, office & outside deck overlooking pool area. 3 private with en-suite. Newer W/D and water heater plus cottages on the property offering 7 additional rooms for guests. In-ground pool. Well soughtupdated bathroom. Bonu room with two access after location is a popular wedding venue w/accommodations for the entire wedding party doors, one to front porch, and other to the back of or weekend getaway. Nature lovers home away from home with just a short drive to Ocean the house. Fresh modern flooring. Entrance/exit on the second floor that leads to a 2 bed/1 City & Assateague National Seashore. Bulk-head and deep-water boat dock. Benefits of bath in-law suite, with eat-in kitchen, living room, W/D combo, and deck and fresh modern this property are too lengthy to list. You MUST see it for yourself! MLS MDWO121678 flooring. Currently being rented, with a lease agreement ending in December.
44 ROBIN HOOD TRAIL OCEAN PINES • $245,000
NEW LISTING
Spacious rancher with 3 bedrooms, 2 bath, bright Sun/Florida Room, large front deck and paved driveway. Newer carpet, kitchen cabinets and flooring. HVAC in 2016. Located in Ocean Pines/Sherwood Forest. Home is tenant occupied through the end of the year. Perfect opportunity for an investment with a good tenant. MLS MDWO122316
O
BEAVER POND ESTATES HARRINGTON, DE $99,500
Quiet neighborhood with a country setting and close enough to everything you need. Over half an acre of peace and quiet in desirable community. Situated in the back of the neighborhood near cul-de-sac offering ample privacy in the countryside of Harrington. Easy access to downtown Harrington and Milford. Here's your chance build your perfect home in this nice community and still close to local beaches to enjoy a hot summer day. So come out with your spec home plan and check out this beautiful setting for your dream home. Soil evaluation and survey on file. Septic design to be completed. Price includes cost of septic installation. MLS DEK247900
P
LISTINGS ARE LOW AND WE HAVE PLENTY OF BUYERS LOOKING
0 DAVIS ROAD WHALEYVILLE • $66,000
If you are thinking of selling Don’t let this opportunity pass you by – Call Us Today!
10.4 acres of land currently used for hunting with trails. Land has been used as hunting grounds for years. MLS MDWO121286
Thank You To The Brave Men And Women Who Have Made The Ultimate Sacrifice NOT READY TO SELL? WE’RE SEEKING LONG & SHORT TERM RENTAL HOMES
Let Us Manage Your Property – We Have a List of Qualified Tenant Applicants Just Waiting for Your Home
Rosie Beauclair
Chuck Leo
Veronica Bishop
Mary Burgess
Bryan MacPherson Kelly MacPherson
Jan Castner
Brittani Phillips
Amanda Forsythe
Paul Freed
Donna Frankowski
Ollie Hitchens
Kimberly S. Jones
Isaiah Johnson
Frank Kay
Traci Kerrigan
Mike Piasecki
Matt Reed
John Rego
Lisa Rill
Lauren Smith
Pam Wadler
Ron Wesche
Julie Woulfe
Bud Church 410-726-5150
ING COM N O SO
NEW ING LIST
4 GATEHOUSE TRAIL OCEAN PINES Ocean Pines is waiting for you! This lovely 3 bed 2.5 bath home is the perfect starter home for a family or as your very own beach getaway from the hustle and bustle of the big city. Worry not with a brand-new roof and water heater. The kitchen was updated in 2018 with all new appliances, cabinets, and granite counter tops. A small playset in the back yard makes this home just the right fit for a family with kids! The market is on fire so make sure you schedule to preview the home today. MLS# MDWO122568
Now Is The Time To Sell!
$324,900
COLDWELL BANKER
BUD CHURCH REALTY, INC.
NEW ING LIST
10354 EXETER ROAD WEST OCEAN CITY Waterfront living is easy with this 3 beds, 2 bath coastal home in the wonderful Cape Isle of Wight in West OC. Roof, HVAC & water heater replaced in 2019, along with new siding, 4-season room off the back of the house and DP50 Storm Watch windows throughout. Upgrades and additions go on and on and on!! Brand new tile shower. Dry zone crawl space encapsulation done. Breathtaking kitchen is complete with all new stainless appliances, quartz countertop and tile backsplash. New luxury, waterproof vinyl flooring throughout and bulkhead was replaced just a few years ago. House sits on large lot with 68ft. of bulkhead for docking your boat/jet skis/crab pots etc. Living in this desirable neighborhood, you will NOT pay a HOA or city tax and still be within a 5-minute boat ride or drive to Ocean City. You have to see this waterfront home in person to appreciate all the features it provides. Call today to be the next to own this waterfront gem! House would thrive as an Air B&B or VRBO as well.
MLS# MDWO122558
$525,000
12 45TH STREET #202 OCEAN CITY Spacious 1835 square foot lovely threebedroom, three bath ocean block condo with outdoor pool and elevator. Terrific ocean views from every window in the condo. It is only a few steps to the beach. Two assigned parking spaces under the building with 50 amp EV outlets. Being sold fully furnished. Non rental unit. Extra storage space in the lobby. MLS# MDWO122596
$675,000
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
EARLY JUNE 2021
Berrnie Flax
KATHERINE G WRIGHT PAYNE GRI, REALTOR ®®
EEXIT REALT Y AT THE BEACH
PAGE 9
7501 Coastal Hwy. • Ocean City, MD 443-552-7579
Cell: 410-726-7808 Email: katherinegwright@aol.com www.coastallifeoc.com
Direct: 410-629-9070 Office: 410-208-EXIT TTeext ‘Bernie’ at 85377 forr complete info 11002 Manklin Meadows Lan ne #3 • Ocean Pines, MD 21811 Each Office Is Independently Owned & Operated
Can’t Find Yo Your Dream Home?
BUILD IT HERE E!
Your Heron Harbour Isle Specialist with Over 80 Million Dollars in Community Sales! 10139 QUEENS CRL • FOX CHAPEL • WEST OC
9 WHARF COURT • OCEAN PINES P
Waterfront lot, .26 Acres on protected canal, with easy access to bay. Enjoy all Ocean Pinees amenities. Build now to start enjoying life at the Beach!
NOW $179,900
Realtor®, Commercial & Residential Licensed in MD & DE
Cell: 443-359-9863 Office: 410-208-EXIT
annholtz1@gmail.com
EXIT REALTY AT THE BEACH
Beautiful 3 BR/2.5 BA with sunny 1st flr Master BR with two walk-in closets, upgraded en-suite with large tiled shower and Whirlpool soaking tub; Living Room; Formal Dining Room and Family Room with wood burning fireplace and two sets of French doors overlooking backyard, Gourmet Kitchen, with granite countertops, Sub-Zero double door refrigerator, Wolf 4 burner gas stove with 2 grilling plates and a gorgeous imported stone hood, double ovens and a nifty plate/bun warmer, and small bar with a great little U-Line wine cooler, oversized island with a vegetable sink and extra Sub Zero 2 drawer refrigeration. Powder room, large laundry room and built-in office area with Kraft Maid cherry cabinets. 2nd floor includes two Guest Bedrooms, full BA, and a floored attic for lots of storage. Flooring in home combines bamboo, tile and wall to wall carpeting in bedrooms, along with beautiful crown molding throughout. Outside has large Trex deck, extensive landscaping, gardens and front and back lawn irrigation. Lots of beautiful, mature trees, including two Magnolias, and lovely brick walkways. Tool or flower shed, two-car garage with carriage house style doors, and Hague water conditioning system. Ideally located, close to marinas, gourmet and family restaurants, schools and shopping. Beach and boards are just minutes away.
$649,900
11002 Manklin Meadows Lane #3 Ocean Pines MD 21811
NEW LISTING 13400 COASTAL HIGHWAY S803 OCEAN CITY Much sought after 3 bdrm 2.5 bath with ocean views. Relax by the pool or take a stroll down to the beach. It's just steps away. A little TLC will make this unit spectacular.
This property won't last!
12601 BAY BUOY COURT • OCEAN CITY R DE CT UN TRA N CO
$399,000 MLS MDWO121478
OVER $150K IN RECENT UPGRADES 10144 GREENBRIAR DRIVE • BERLIN 3BR/3BA w/new updates!!! Over 3,500 sq. ft. on 1.16 acres, 4 car detached garage w/work space. Located right outside of Berlin, “America's Coolest Small Town”. Kitchen w/Jenn Air Range cooktop, another cooktop & double oven, new SS appliances, extra refrigerator for wine, etc. Great room w/fireplace & hardwood floors. Master bedroom with 2 person shower & private office or sitting room, both w/hardwood floors. New vinyl siding, indoor & outdoor lighting, HVAC, HWH, carpet in 2nd & 3rd BRs. $469,000 New toilets in all BAs. MLS MDWO114936
SALE OR LEASE 11022 NICHOLAS LN #1 • OCEAN CITY Prime location at the Southgate entrance to Ocean Pines, this 3,528 sq. ft. unit was a former physical therapy location and includes a therapeutic swimming pool. Also available for lease. Owner will either fill in pool for office or retail users and will also paint and carpet with acceptable contract or lease. $850,000 Listing agent related to Owner. MLS MDWO121204
4 BR/2.5 BA home in desirable West Ocean City, MD. Great layout - large Family Room w/gas fireplace, bright & sunny Living Room with large Dining area, gourmet eat-in Kitchen, Utility room & 2 car Garage. Lovely beach scene in the Foyer was hand-painted by local artist, and the owner is including in the purchase some of the furnishings and decorative pieces along with tasteful window treatments. Flooring combines Coretex, ceramic tile & wall to wall carpeting in the bedrooms. Back of the home has a concrete patio with 16' retractable awning, which the owner just installed last year. Community pool, play area, and grass cutting included in the HOA. Located in West Harbor Village, with close proximity to fabulous restaurants, shopping, marinas and schools. Assateague Island is just a 15 minute drive from this community, where you'll find the world famous wild ponies that still gracefully roam the island, and perfect, white sandy beaches.
$495,000
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REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY JUNE 2021
Buyers going over list price frequently Homebuying demand may have peaked in mid-May, mortgage apps decrease A record high of 50 percent of homes sold for more than their list price during the four weeks ending May 16, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks an increase of 23 percentage points from the same period a year earlier. Below are other key housing market takeaways for more than 400 U.S. metro areas during the four-week period ending May 16. Note that at this time last year, pandemic stay-at-home orders halted homebuying and selling, which makes year-over-year comparisons unreliable for select housing metrics. As such, Redfin has broken this analysis into two sections: metrics that are acceptable to compare to the same period in 2020, and metrics for which it makes more sense to compare to the same period in 2019. Metrics to compare to 2020: All but one of the metrics highlighted in the following list set a new housing record going back at least as far as 2012, when Redfin began col-
lecting data on sales and borrowing. • Home prices hit a record high of $352,975 and were up 24 percent year over year, also a record. Asking prices increased to $358,975, also a record high. • A record-high 101.7 percent average sale-to-list price ratio, which measures how close homes are selling to their asking prices, up 3.2 percentage points year over year. This means that the average home sold for 1.7 percent more than its asking price. • A record low of just 17 days on market for homes that sold during the period, down 18 days from the same period in 2020. • A record-high 58 percent of homes that went under contract had an accepted offer within the first two weeks on the market. • 45 percent of homes that went under contract had an accepted offer within one week of hitting the market, down just slightly from the record high in the four-week period ending May 9. Metrics to compare to 2019: • Pending home sales were up 22 percent from the same period in 2019. • New listings of homes for sale were down 12 percent from the same period in 2019. Compared to the
four-week period ending April 18, new listings were up 3 percent, compared to a 7 percent increase during the same period in 2019. • Active listings (the number of homes listed for sale at any point during the period) fell 49 percent from the same period in 2019. Pending sales for the seven-day period ending May 16 were down 10 percent from four weeks prior, compared to an 8 percent increase during the same period in 2019, suggesting that homebuying demand may have peaked for 2021. Mortgage purchase applications decreased 4 percent week over week (seasonally adjusted). For the week
ending May 20, 30-year mortgage rates increased slightly to 3 percent. “We are seeing some early signs that the market has reached its maximum temperature,” said Redfin Chief Economist Daryl Fairweather. “Mortgage purchase applications and pending sales have decreased, which may be a sign that some buyers would rather spend their money on restaurants, vacations, and other things they have held back on for the past year, instead of on housing now that the threat of the pandemic is dissipating in America. “But make no mistake, the housing market is still very hot and will remain hot for the rest of the year.”
Buying home secures wealth Continued from page 6 ternational Realty. “Ultimately, though, buyers still recognize that securing a home is one of the best ways to build long-term wealth,.” Regional Breakdown Only the Midwest experienced higher sales from the prior month, but each of the four major U.S. regions recorded increases for the year. Existing-home sales in the Northeast fell 3.9 percent from March, but
the annual rate of 730,000 represents a 30.4 percent leap from a year ago. The median price in the Northeast was $381,100, up 22.0 percent from April 2020. Existing-home sales in the South decreased 3.7 percent, recording an annual rate of 2,600,000 in April, up 39.0 percent from the same time one year ago. The median price in the South was $289,600, a 15.8 percent jump from one year ago.
Coastal Association Affiliate Members Arrange the Change Sharon Knowles
Deeley Insurance Group Laura Bren
Marr Appraisals, Inc Kenneth Marr
Oracle Home Inspection Paul Vaillancourt
Bay Capital Mortgage Richard Proctor
Delmarva Appraisals, LLC Beverly Wilson
PrimeLending Rod Flowers
Bayshore Appraisals, Inc Janet Jones
Draper & Kramer Mortgage Corp Matthew Patterson
Maryland Department of Housing and Community Development Cecilia Weller Terry Catalano
Brennan Title Company Peter McGough John Brennan
Elite Valuations, Inc Kathleen Hoffman
Brumbly Appraisal Services Inc. Alfred Brumbley Capitol Title Insurance Agency Kathy Burton Maura Burton Pilar Burton
Embrace Home Loans Jason Cook Gary K. Marshall Insurance Agency David Galeone Gismondi Insurance Assoc Beth Gismondi
Chesapeake Remodeling Group Mike Davis
Greater OC Chamber of Commerce Nancy Schwendeman
Coastal Style Magazine Jon Westman
Guaranteed Rate Affinity Paul Soule
Coates, Coates & Coates Thomas Coates W. Hank Fisher
Hometown Inspections LLC Robert Davis Emily Davis
Community Settlement Group, LLC Scott Breza
House Master Kathy Hoffman
Cope Mediation, LLC Peter Copenhaver
Integrity Appraisals Karen Vara
CTW Real Property Appraisals C Terence Wittstadt
L Turner Appraisals LeRoy Turner
D3 Corp John Gehrig
Legum & Norman ~ an Associa Company Lisa Meck
Maryland Title Service Helene Parks Richardson Joseph Raskauskas Chrissy Roberts April Taylor McLean Mortgage Shawn Hunt Joanna Cherlariu Devon Eastlack Rebecca Harwell Beth Hunt Zack Hunt Aaron Jones Zach King Sam Kotzur Kristine Labert Metro Homes DMV, LLC Carlos Caraballo Mid-Atlantic Settlement Services Susan Lloyd Mortgage Network Hope Morgan Patrick Clark Kaytlyn Senkbeil Omni Land Settlement Corp Vonny Pilchard
Pro-Spect Inspection Services Tia Lipko Brooke Alicea Jonathan Fourquet-Laboy Tim Harriger Eric Hastings Bradley King Edgar Martinez Jay Mast Garr Owens Jacob Stanley Nicholas Strayer Josh Rose Salisbury Neighborhood Housing Amanda Smith Leah Dyson Shorelock Home Inspections, LLC Jay Aydelotte Superior Appraisal Service Meggin Nicholson Carrie Brown T & G Builders Gary L. James John Rego Vacasa, LLC Sherry Jenkins Wesbanco Laura Vest
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
EARLY JUNE 2021
PAGE 11
Low supply, endless demand drives home values (PRNewswire) Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow's latest Market Report shows. April pushed the envelope even further: Annual home value growth for a typical U.S. home is 11.6 percent, the highest seen since 2005. Today's rapid rise in prices may recall that of the mid-2000s, stoking unfounded fears of another overheated market. Google searches for "housing bubble" reached their highest point in nearly three years in
April. But unlike the run-up to the mortgage crisis, this market is built on strong fundamentals with long legs, said Zillow economist Jeff Tucker. "Both of these hot markets saw extreme price appreciation in a relatively short period of time. But that's where the similarities end," Tucker said. "Unlike the combination of speculators and people spending beyond their means with non-traditional loans in 2004 and 2005, today's homebuying demand is driven by well-qualified buyers lock-
ing in traditional, fixed-rate mortgages. “ This spring, homes are selling at record pace despite the enormous leaps in home values. U.S. home values measured by Zillow's Home Value Index (ZHVI) reached $281,370 in April. Monthly appreciation has been growing since May, and April's 1.3 percent increase over March is the largest jump in Zillow data reaching back to 1996. Inventory fell 1.4 percent month over month, continuing a trend of monthly drops that began in August.
Available listings are now down 30.3 percent year over year. Zillow economists expect another year of staggering home value appreciation, forecasting 11.8 percent growth through April 2022. Existing home sales in 2021 are predicted to be 10.3 percent higher than in 2020. Mortgage rates did not retreat to all-time lows in April, but they were close. Rates listed by third-party lenders on Zillow began April at a monthly high of 2.89 percent, dropped down to 2.66 percent on April 22, and ended at 2.71 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
Sonia
Zaffiris Associate Broker GRI, CRS
Licensed in MD, DE
410-251-6217 soniasez@aol.com
• www.hilemanrealestate.com • e-mail: hilemanre@aol.com
UNDER CONTRACT
3BR/2BA w/split BR floor plan. Skylights, hardwood floors, recessed lights & gas fireplace in open great room w/cathedral ceiling. 3-season room overlooks Golf course. Asphalt paved driveway & 2 car garage. HVAC, encapsulated crawl space is climate controlled. Enjoy all Ocean Pines has to offer - Yacht Club & restaurant, Golf Clubhouse w/restaurant, swimming pools, Robert Trent Jones golf course, marina, community center, beach club, skateboard park, dog park, library, shopping, weekly farmers market, community police & fire departments. Playgrounds, athletic fields & more! $329,000
Kevin D.
Heselbach REALTOR , GRI, RSPS ®
Licensed in MD & DE
410-723-9450 Office kheselbachHRE @gmail.com
NEW LISTING
MOVE IN READY & BEING SOLD FULLY FURNISHED!
BLOCKS FROM BOARDWALK & BEACH
Large 3BR/2BA in downtown area. Peaks of the bay & pool from your wrap around balcony. Waterfront access. Open floor plan, kitchen w/breakfast bar, dining area & open living space. Gas fireplace. Plenty of natural light. Master bedroom & en-suite bath w/jetted soaking tub, walk-in shower. Full size washer & dryer in laundry room, outside secured storage locker & under building parking. Walk to shops, restaurants & marinas. $450,000
Call Debbie Hileman at 443-235-5982
GREAT LOCATION AT THE END OF A QUIET CUL-DE-SAC!
Brand new vinyl plank flooring, new cabinets and granite countertops in the eat-in kitchen. Freshly painted and power-washed! The sunny and bright Florida Room off of the kitchen is perfect for entertaining. Vaulted ceiling in the Living Room, New Bath Vanity, ceiling fans, crown molding, and attached storage shed.
$269,000
CUTE-AS-CAN BE COLONIAL
located on a quiet street! Natural Gas, A/C Water Heating system only 3 years old. First floor Bedroom and Full Bath with tiled floor. The utility room leads onto the rear deck, overlooking the nice back yard with storage shed. A beautiful wood burning fireplace nicely accents the living room. Two nice sized bedrooms with dormer windows, and a full bath on 2nd level. Only $239,900
Cindy
Crockett REALTOR®, GRI Licensed in MD
410-430-0587 Cell Cindy@HilemanReal Estate.com
NEW PRICE
Lynette
Bridges-Catha CRS, PMN, GREEN, SRES Licensed in MD, DE
443-497-3128 Cell Smilin4shore@comcast.net
Terri
Bradford
Associate Broker, GRI
Bethany
Drew
Licensed in MD, DE
Associate Broker, GRI
Terri: 410-430-6875 Bethany: 410-430-2602 www.PO2Team.com Powerof2@PO2Team.com
BEAUTIFUL HOME
Completely remodeled 4BR/2BA. Yard work has not been completed, but keep in mind when looking at property. Buyers should do their own due diligence to measure property and confirm all information to their satisfaction. $269,500
DOCK AT YOUR PORCH!
Beautiful waterfront 3BR/2BA offers open floor plan, cathedral ceilings, and beautiful brick fireplace. Breathtaking sunrises and view of the bay in every bedroom. 1st floor has an updated kitchen and flooring, 1st floor primary suite w/access to deck and bath with dual sink vanity. 2 bedrooms on 2nd floor have cathedral ceilings and balconies. Great cul-de-sac location and easy, quick access to bay.
$539,000
ONLY ONE LOOK WILL DO!
Beautifully landscaped right inside North Gate. Custom built 3BR/2.5BA with covered porch and 2-car garage. Great Kitchen with granite counters, and large Island. Living room with gas fireplace, separate dining area, sunroom and screened porch. Laundry room/pantry conveniently located off kitchen. 2nd floor Large owner’s suite with lots of closet space & recently updated bath. Backyard paradise with 2 brick paver patios, multiple landscaped garden areas, and plenty of parking on the stamped $339,900 concrete driveway.
LARGE 3/4 ACRE WATERFRONT LOT & HOME TO BE BUILT
In the Whitetail Sanctuary Section of Ocean Pines. New Boat Dock already in place for your Boating Enjoyment! Absolutely gorgeous views of Manklin Creek and the Isle of Wight Bay. Located at the end of a peaceful Cul-de-Sac. Opportunities like this don't come often! Two Level home up to 5,000 sq.ft with $75,000 of options to be chosen by the buyer. First & 2nd level Owner's Suites, Open Great Room, Library, Laundry, Office, Sun room, Studio and Garage. Please call for plans and details. House & Lot $975,000 • Lot Only $389,900
BUILD YOUR DREAM HOME One of the last waterfront lots left in Terns Landing. Oversized lot with 80’ of bulkheaded water frontage. Surround yourself with gorgeous single family homes! Many opportunities for this property. $410,000
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
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OCEAN CITY TODAY
PAGE 12
JAMIE CAINE
EARLY JUNE 2021
Associate Broker 12207 D Coastal Highway Ocean City, MD 21842 410-524-1203
410-726-0725 | 410-723-8520 | JamieCOCMD@gmail.com
Search All Active Listings At: www.jamiecaine.com
LIST with a
LEADER
Knowledge • Experience • Dedication • Long History of Selling Ocean City • Handled over 97 Transactions in 2020 • Personalized Hands-On Service
LIST With Me To Get Your Property SOLD! 503 N BALTIMORE AVE • DOWNTOWN OCEAN CITY
11 81ST ST #103 • OCEAN CITY
NEW LISTING
• Grand Home with 2 Apartment Buildings • One Building with 5 Units • Duplex has 2 Villas with Kitchens • Seasonal Gross Income $120-$130K
• • • • • • • • •
3BR/2.5BA Ocean Side Close to beach Mid town OC Location 2 Private Balconies East West Exposure Open floor plan Non rental 2 Covered Assigned Parking Spaces
$1,199,000
2 DORCHESTER ST • DOWNTOWN NEW LISTING
• • • •
Views of Ocean & Assateague 2BR/2BA, 1290 SF Beautifully Furnished Pool, Putting Green, Fitness Center
• 2 Parking Spaces • Great Rental History
$649,990
706 KELLY ROAD • OCEAN CITY NEW CONSTRUCTION
$499,999
778 94TH ST. #203 • OCEAN CITY NEW LISTING
• Beautiful 1BR/1BA • Includes Boat Slip #3 • Pool
• Elevator • Masonry Construction
$249,990
LOT 34 SOUTHHAMPTON • BISHOPVILLE
• 4 Bed – 3.5 Bath •2 Car Garage •Located in Caine Woods •2-Zone HVAC •Oct 2021 Delivery
$629,990
• Beautiful Bayview lot in one of OC’s Nicest Neighborhoods • Only 5 Min to Ocean City Beaches • Possible Owner Financing $545,000
7437 W HOLLAND AVE • WILLARDS REDUCED
• 3 Bedroom on Cul-de-Sac • Located in small neighborhood
• 2 Storage Sheds • Close to Ocean City & Salisbury
$159,990
LOT 9 & 8 - SEA BISCUIT ROAD • SNOW HILL • Estate size lot • Quiet & quaint • Near Chincoteague Bay • Bay views • Close to Public Landing
From $69,990
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. ©2021 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