February 2024 Real Estate Guide

PAGE 2

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

Real Estate

INDEX OF ADVERTISERS

THE COASTAL REAL ESTATE RESOURCE Coastal Association of Realtors - OC Today-Dispatch

Published by OC Today-Dispatch 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 homeselling 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 OC TODAY-DISPATCH is the leading newspaper publisher on the Maryland coast, with OC Today-Dispatch 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 Executive Editor ................................................................ Steve Green Account Managers....................... Mary Cooper, Renée Kelly, Terri French Classifieds/Legals ........................................................... Taylor Sloan Art Director....................................................................... Cole Gibson Senior Page Designer ....................................................... Susan Parks Senior Ad Designer ............................................................ Kelly Brown Publisher..................................................................... Christine Brown Administrative Asistant.......................................................... Gini Tufts

410-723-6397 WWW.OCEANCITYTODAY.COM

Nanette Pavier/Holiday Real Estate, Inc ..............................................Page 2 Kim Dixon/REDFIN..............................................................................Page 3 MD Dept of Housing and Community Development ...........................Page 4 CMG Home Loans .................................................................................Page 5 Sunshine Properties, Inc./Michael Ray ................................................Page 5 Greg Erdie/BHHS PenFed Realty .........................................................Page 5 Julie Woulfe/ERA Martin Associates Shamrock Division ...................Page 6 Cathy Soule/Coldwell Banker Realty ....................................................Page 6 Buckley Property Services, LLC.............................................................Page 7 Kim Bounds/Coldwell Banker Realty. ..................................................Page 7 Berkshire Hathaway Home Services PenFed Realty ............................Page 8 Berkshire Hathaway Home Services PenFed Realty ............................Page 9 Mary McCracken/Long & Foster Real Estate, Inc ..............................Page 10 Charles Rappa/Long & Foster Real Estate, Inc ..................................Page 10 Long & Foster Real Estate, Inc., Sales & Vacation Rentals .................Page 11 Team Bouse House Realtors/RE/MAX/Advantage Realty.................Page 11 Iron Valley Real Estate ........................................................................Page 12 Kevin Heselbach/Engel & Volkers Real Estate ...................................Page 12 Coastal Association of Realtors Affiliate Members .............................Page 12 Hileman Real Estate, Inc .....................................................................Page 13 Steve Green/Coastal Life Realty Group...............................................Page 14 The Mortgage Link...............................................................................Page 14 Todd Chandler/Holiday Real Estate ...................................................Page 14 Maryland Title Service .........................................................................Page 15 OCVacations.com/Resort Rentals, LLC ..............................................Page 16

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

FEBRUARY 2024

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

Marina Community of Heron Harbour Isle offers Condos with 1 Bedroom up to 3 Bedrooms, Townhouses with 3 or 4 Bedrooms & Single Family Homes Visit the Sales Center for information on current listings and view the wonderful community amenities.

Seascape

Harbour Club

Baywatch

One & Two Bedroom Condos & Boat Slips

Two Bedroom Condos & Boat Slips

Two & Three Bedroom Condos & Boat Slips

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 3

REALTOR® REDFIN PRINCIPAL AGENT

Direct: 443.373.1328 / MD License # 521161 / DE License #RS-0039179

Broker Office Direct: 410.202.8454 / 333 W. Ostend St, Ste 110, Baltimore, MD 21230

WATERFRONT BAYSIDE DOWNTOWN 2BR 2BA CONDO COASTAL STYLE LIVING IN HIDDEN HARBOR NORTH OC CONDO 301 14TH STREET LAGUNA VISTA #107 OCEAN CITY 12301 JAMAICA AVENUE #A101 OCEAN CITY

Elegant & Exciting places- This Model unit has been meticulously maintained. Fresh Paint & furnished with High End Details! Secure elevator lobby with Private Garage parking! South Facing the canal & White Marlins' Weigh In @ Harbour Island Marina! Enjoy one of the Most Exciting Events on East Coast from your private Balcony!

Unique layout with Primary BR overlooking Canal. Guest wing has 2 BR & 2 BA with private entrance! Plenty of Storage, Washer & Dryer, Huge Granite Island with Seating & Spacious Dining Area! Beautiful Living room with Fireplace. Year-round pool & Exercise room. Very secure, well-maintained building. Great for large groups or families. Easy access to beach, various amenities/attractions within walking distance- Rod & Reel @Harbour Island, FishTales restaurant & Marina, Boardwalk & Beach! Desirable residential property in thriving beachside community for boaters & beach goers! Don't miss this Opportunity- You can rent or for enjoy for personal use. Unit has NEVER been rented! Fully Furnished & Move-In Ready! MDWO2018798

—— $670,000 ——

Get ready for the best summer ever in your new beach condo. 3 blocks from Atlantic Ocean & steps to canal & private dock. 1st floor balcony views of the canal & meticulously landscaped areas. Completely remodeled in 2019. Many unique features: maximized storage solutions, gourmet kitchen, tiled shower with open shelf linen storage in BA, builtin vanity with stool in BR, retractable screened front door & sunscreen on balcony. Other features include additional side windows, luxury vinyl flooring, SS appliances & recessed lighting throughout. Very charming unit within walking distance of Northside Park & many restaurant favorites. Don't miss your opportunity to own in Hidden Harbor!

Hidden Harbor also allows rentals. MDWO2017890

—— $349,000 ——

3BR 2BA WITH TONS OF POTENTIAL OCEAN FRONT 2BR CONDO WITH 3 BALCONIES 406 MIDLAND TERRACE VALLEYWOOD ESTATES SALISBURY 9900 COASTAL HIGHWAY CENTURY I #1414 OCEAN CITY

Level lot with Tons of Potential!

Make this your own and customize to your liking! This unit has a living room, dining room, family room with deck and patio opening up to huge level back yard. Bring your chickens or sit by the Firepit and enjoy outdoor living! Brand new shed! The kitchen is huge and has an entrance way to the attached 1 car garage. 3 bedroom with updated Guest bath and a Primary Ensuite. Nice Natural light and feels very spacious! This is a great opportunity to own close to Salisbury State, shopping and 30 minutes to Ocean City! Property is Sold As IS but will allow for inspections! MDWC2011380

Rare Layout & Stunning 2 bedroom -3 balcony located in Century 1 Building-enjoy 2 story level with Entry into 2nd floor - on lower level there is a spacious Living room overlooking Direct Waterfront and guest room facing bay and private bath. Large and Clean Galley kitchen is convenient on this level with sit in area for dining! The Primary bedroom has a balcony facing the Ocean on its own private level. Floor to Ceiling windows, Huge Balcony on 14th Level for AMAZING PANORAMIC VIEWS! Watch the Sunset and the Sunrise in this Spectacular Unit! Pool, Exercise Room , Parking, Security, Elegant Lobby and Sundeck! Don't miss this furnished-Move In Ready 14th Floor Unit.

MDWO2018840

NG COMI

SOON

—— $639,000 ——

—— REDUCED PRICE $282,000 ——

2-LEVEL END UNIT TOWNHOME ON THE POND MID-TOWN BAYSIDE TOWNHOME WITH WATER VIEWS 12137 LANDINGS BOULEVARD #101 BAYSIDE LANDING WEST OC 116 69TH STREET #B BROAD MARSH OCEAN CITY Beautiful well-maintained Townhome with Full sized 2-car gaLOCATION, LOCATION. GREAT COMMUNITY IN MIDTRACT rage. Large private deck with gate, faces the huge pond. Close N TOWN ON 69TH STREET IN BROAD MARSH- WITH COMN O C O R SO enough to often hear waves crash on Assateague Island. SunMUNITY SWIMMING POOL & BOAT RAMP! Beautiful & UNDE G N I Filled many-windowed Living room with Mantled Gas Fireplace.

Large Bayside End Unit Townhome with Water Views! Fully COM Spacious living room with high ceilings look up into the dining Furnished and Rare WATERVIEW HOME /4 Bedrooms -One

area & kitchen. A few steps up to Dining area with large table!

Granite island wraps around bright & open Gourmet Kitchen.

Lots of Cabinet & Counter space. Custom designed, Multi-colored beige Terra Cotta flooring on this level & Living room. 3 good-sized BRs upstairs. Primary Ensuite space for large furnishings, walk-in closet plus your own Lanai faces the pond! BR has double sink, shower & window. Laundry room on this level with newer washer & dryer. Guest BA shared by 2 guest BRs. Most furnishings stay. You can accommodate many guests. Minutes from Downtown OC & convenient to activities & attractions in West OC & Berlin: Eagles Landing, Rum Pointe, OC Golf! Outlets for shopping, restaurants & Movie theatre, Visit the newest Brewery Farm just a bike ride away! Assateague & downtown Berlin are a couple miles away. Frontier Town Pool less than a mile away. You will want to stay once you come to visit Bayside Landing of Berlin! Great Rental potential or Primary home as well! MDWO2018844

—— $449,000 ——

of the only homes in the community with 3 levels of balconies that sits next to the bay water with water views from many windows of the home. Low HOA fees $170 a month and has a Community Pool, Boat Ramp within steps from this Unit- for SUP or Kayaks and boats-Possible Boat Slip Rental from other owners. All High End details that were Upgrades when built in 2014! This home is Very Well Kept and Maintained w/ Great Rental Potential! Located on one of the best streets, a short walk to the beach and close to Sunset Island. 2 car Garage with driveway. Walk to Longboard Restaurant - Shopping Center and Beach!

SELF MANAGED town home community kept up VERY WELL! Exclusive 47-unit community located on the bayside! This is a very Unique Opportunity to own in Broad Marsh Community Not Many Sales due to low turnover! Very well kept and maintained! Put this on your list to visit this weekend.

—— $759,000 ——

LISTINGS SOLD 12401 JAMAICA AVE UNIT 163O1 OCEAN CITY $360,000

308 YACHT CLUB DR, OCEAN PINES $406,000

13032 WILSON AVE TOWNES OF NANTUCKET #3704 NW OCEAN CITY • $520,000

*Sell for more based on difference between the sale and list prices of Redfin listings versus those of comparable listings by other brokerages, per a 2024 study. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. If you sell first we will initially charge a 1.5% listing fee and then send you a check for the .5% difference after you buy your next home with Redfin. Subject to $3,750 minimum Redfin commission. Listing commission subject to change. Buyer’s agent commission not included. More info at redfin.com/disclaimer. Information provided is not guaranteed and should be independently verified. If you are currently working with an agent, this is not a solicitation of your business.

PAGE 4

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

FEBRUARY 2024

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 5

NORTH OCEAN CITY LAND LOT….A RARE FIND!

Sunshiinee Sunshine Pro ro oper perti tie ieess,, Inc. Inc.

3.5 5%

Marketting

301-570-0 0087 or 410-600 0-3419 www.SaveWithSunshine e.com

• Our Listings are Selling FAST • Yo You Don’t Need to Pay More Than 3.5% • Great Service + Great Price = Great Results

312 141ST STREET OCEAN CITY This corner 0.17-acre lot offers two potential addresses for the new owners: 312 141st Street OR 14100 Lighthouse Ave., depending on which street your new house faces. Beautifully landscaped and maintained.

You should save money when clearing the lot as it looks like a lawn. Available for sale for the very first time since it was available from the Fenwick Island Land Company back in 1906 to William Behrenberg. Transferred to Ralph & Rebecca Bennett in 1965. Great lot to build your well-deserved beach house. So CLOSE to the beach right down at the end of the street. Enjoy the NORTH OCEAN CITY amenities and restaurants. Close to the famous Fenwick Island Lighthouse. You'll actually enjoy sidewalks and streetlights! THIS is the street where you can live!

Michael Ray y,, Broker

SURVEY ATTACHED TO THE MLS DOCUMENTS.

Serving MD & DE Eastern Shore

GREG ERDIE

Save with Sunshine!

$370,000

ASSOCIATE BROKER 410-726-4301 11001 Manklin Meadows Lane • Ocean Pines, MD 21811 greg@gregerdie.com 410-208-3500

©2024 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 Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 6

FEBRUARY 2024

Realtors Association keeps eye on pending legislation MAR lists bills it supports, as General Assembly goes into full business mode

BAY SIDE 2BR 2BA CONDOMINIUM in QUIET DOWNTOWN OC LOCATION 3 BLOCKS TO BEACH & BOARDWALK

UPDATED 3BR 2BA 2-STORY CHARMING HOME

PRICE REDUCTION

902 EDGEWATER AVE #504 PARK PLACE • OCEAN CITY $399,900 • Spacious 1st Floor Turnkey Fully Furnished Condo just steps from the Bay • 2 Parking spots at front door – unique for Downtown OC! • Walk & Bike along Edgewater Avenue’s Waterfront & Fishing Pier • Updated Kitchen Tiled Flooring, New SS Refrigerator & Stove.

• Newer Granite Kitchen Countertops, Backsplash, Sink & Dishwasher • Newer LVP Flooring, Washer/Dryer.

• Open Kitchen & Living Rooms & Gorgeous Entertainment System • Spacious, Updated BRs accommodate king & queen size beds.

• Strong Park Place Condo Association: smart self-management, low condo fees, community pool, Trex decking, vinyl railings & paved parking.

• All 3 Building’s Siding being replaced now with CertainTeed Siding (Oct/Nov 2023).

This is a Hidden Gem in a fantastic location!

It Could be Your Vacation Paradise or Investment Property!

PENDING

53 GRAND PORT ROAD OCEAN PINES $395,000 • Furnished home in Great location. New interior paint 2023.

• 4-minute walk to the little beach, marina & pool at the S&R Club.

• Updated kitchen granite countertops, newer SS appliances.

• New roof 2017, encapsulated crawl space w/dehumidifier, kitchen appliances, split system ductless HVAC 2020 (five units) • Fenced back yard, new storm doors, pellet stove 2022, • Cathedral ceilings. 1st floor BR & BA, upstairs loft area.

• Updated bathrooms, newer furniture.

• Laminate floors throughout home • Screened-in porch & deck overlook back yard.

• Beautiful landscaping, large storage shed, work bench • Driveway can fit several cars & boat.

• Lovingly cared for, move-in ready.

• Perfect as full-time or vacation home or investment property.

©2024 ERA Franchise Systems LLC. All Rights Reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate Powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each Office is Independently Owned and Operated.

STUNNING NORTH OC OCEANFROONT CONDO

900 $ 759,,9 13700 WIGHT STREETT #1N001 • SUMMERSEA CONDOMINIIUMS • OCEAN CITY Beautiful Updated Oceanfront North OC Condo nestled among the dunes!

Stunning 2 BR, 2 BA Open Floor Plan unit has lots of light. Luxxurious living room perfect for relaxing or hosting family gatherings. Beautifullyytiled Large Kitchen with updated cabinets & wine coolerr.. 2 Sizable BRs are brigght & comfy. Plenty of storage plus an interior storage room with new Washerr/Dryerr.. Smoothly operating Storm Shutters are in great shape. 1st Floor entraance convenient for access in & out off unit. Parking space at front doorr.. Professsionally maintained building. Incredibly private 18-Unit Building is a Must See in a Perfect Location!

CAT ATHYY SOULE Sales Associate, REALLTTOR®

Cell: 410-430--11232 E-Mail: cathy. y.soule@cbmove.com

http://www w..coastalsoule.com

12207 Coastal Highwa way Suite D • Ocean Cityy,, MD 21842 Office: 410-524-1203 4

Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Residential Brokerage. © 2023 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered service mark licensed to Coldwell Banker Real Estate LLS. L An Equal Opportunity Company. Equal Opportunity. Operated by a subsidiary of NRT LLC.

With the Maryland General Assembly in full swing, the Maryland Association of Realtors is supporting the following measures: Addressing Housing Supply —Maryland Realtors has consistently advocated for measures that increase the supply and affordability of housing. However, we have faced opposition to state involvement in zoning from local government representatives.

With housing legislation expected from the Administration in 2024, Maryland Realtors will support meaningful proposals to address our housing shortage, particularly those that quantify housing needs at the local level and require accountability for producing those units.

Buyer Brokerage Compensation — Maryland Realtors supports greater transparency for consumers on real estate commissions and fee structures. This bill will clarify existing requirements to clearly state the amount of compensation owed to the buyer’s broker, who is responsible for paying it, and what actions entitle the broker to that compensation.

Condo and HOA Act Reforms — Maryland Realtors continue to report excessive fees charged by associations to obtain resale information, while the differing timelines and disclosure requirements between the acts cause confusion in sales transactions. Recently adopted in Virginia, Maryland Realtors will seek similar legislation to conform resale disclosures and timelines across Common Ownership Community types, and to prohibit any fees which are not outlined in statute.

Continuing Education Reporting — Policies instituted by the Maryland Real Estate Commission this summer require expedited reporting of CE credits by real estate schools. This has placed a hardship on those providers, which could result in fewer class offerings or increased costs passed on to licensees.

Realtors will submit legislation to require licensees to complete CE credits 30 days before license expiration and restore longer timeframes for continuing education providers to report completed credits to MREC. Anonymous Complaints for Advertising Violations — Maryland law requires that all complaints against real estate licensees be made under oath, preventing the Maryland Real Estate Commission (MREC) from considering anonymous complaints. Several states currently in-

vestigate complaints submitted without the name of the person bringing the complaint. This bill would allow submission of anonymous complaints for advertising violations.

Because advertising violations are readily apparent, Realtors believe this change will not raise due process concerns.

Oversight of Branch Offices —Realtors support legislation to resolve an inconsistency within the brokerage act. Currently, real estate brokers may oversee one office, but office managers do not face similar limits. Having to hire an office manager to expand to a second location can be a financial deterrent to a broker growing his or her business. This bill will allow brokers the same oversight of branch offices provided to office managers.

Financial Literacy —Maryland currently requires all local school districts to teach the state’s financial literacy curriculum but grants flexibility to local districts in how that curriculum is presented. At least eight districts teach a full course on financial literacy, while the rest incorporate it into other classes, like civics or mathematics. In several previous sessions, legislation to require financial literacy as a standalone graduation requirement statewide has failed. Realtors will continue to support efforts to require increased financial literacy education requirements in public schools and revisions to enhance the state’s required curriculum.

First-Time Homebuyer Savings Accounts —When Maryland Realtors passed this initiative in 2021, several compromises were made to the program’s structure to win approval. Unfortunately, those changes made the accounts less attractive to first-time buyers. Realtors will seek to restore as much flexibility in the program as possible while working within the state’s budgetary restraints.

Assignment of Contracts and Marketing Equitable Title (“Wholesaling”) — “Wholesaling” refers to a real estate practice in which an investor signs a contract with a seller and then proceeds to “sell” the contract to another purchaser for another price. While legal, the practice can be abused leaving sellers unaware that the “buyer” is assigning the contract to another party, and the buyer unaware that the “seller” is only a beneficial owner and not the title holder to the property.

At least 10 states have passed legislation to require either licensing of “wholesalers” or enhanced consumer disclosures for assignable transactions. Maryland Realtors supports instituting similar requirements.

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 7

UCKLEY PROPERTY SERVICES LLC A Real Estat

Appraisal C

Are You Are You o Refinancing, e efinancing g, Nego go otiating g a Contract or Financing F Yo our Mor M tgage?

y p y p with All Your Appraisal Nee eds • Full-Service Commercial & Residential Real Estate Ap ppraisal Company • Insurable Value, Appraisals and Estate Appraisals • Certified & Licensed Appraisal Process Te Team from Sttart to Finish • Family-Owned and Operated Business • Serving Ocean City, the Surrounding Areas & Sussex x County, Delaware

PA P AM GREER BUCKLEY Owner and Chief Appraiser Certified General Appraiser-MD & DE • HUD Appro oved for FHA-MD & DE

103 120th Street, Suite B, Ocean City, MD M 21842 Phone: 410-524-7123 • Fax: 410-524-7124 • office@buckleyprropertyservices.com

www w..BuckleyProper tySer vices.com

CRS,GRI

office 410-524-6111 • cell 443-614-7167

12207 Coastal Highway, Suite 101 • Ocean City, MD 21842

New & Coming Soon Beach Block Turnkey Top Floor Condo

13700 COASTAL HIGHWAY • SEASIDE RETREAT #402 • NORTH OCEAN CITY • $789,000 Stunning 3 BR 3 BA top floor unit in desirable Seaside Retreat Condominium building. Open floor plan seamlessly connects to Beautifully decorated Living, Dining & Kitchen areas. You will enjoy sitting on expansive 50 ft balcony (the largest balcony in the building) to enjoy awesome Ocean Views. Secure building & amenities include roof top pool with panoramic ocean views, exercise room & private storage locker for your beach essentials. This unit is lovingly cared for & enjoyed by family & friends, it has never been in a rental program, however the building does allow rentals. HVAC units replaced in 2021 & Water Heater in 2020. This will be sold furnished with a few exemptions. Start your family memories in this prime location. Steps to the beach & dining, shopping & all Ocean City has to offer. SCHEDULE YOUR SHOWING TODAY!!!

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. ©2024 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 and unregistered service marks owned by Coldwell Banker Real Estate LLC. 10771BALT_07/15

PAGE 8

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

FEBRUARY 2024

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 9

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 10

FEBRUARY 2024

NAR economist sees market growth ahead National association’s Yun forecasts home sales rising by 13.5% over 2023’s total WASHINGTON – NAR Chief Economist Lawrence Yun forecasts that 4.71 million existing homes will be sold, the housing market is expected to grow, and Austin, Texas will be the top real estate market to watch in 2024 and beyond. Yun unveiled the association’s forecast in December during NAR’s fifth annual yearend “Real Estate Forecast Summit:

The Year Ahead.”

Yun predicts home sales will begin to rise next year – by 13.5% compared to 2023, and the median home price will reach $389,500 – an increase of 0.9% from this year.

“Metro markets in southern states will likely outperform others due to faster job increases, while markets in the Midwest will ex-

perience gains from being in the most affordable region.”

Yun expects rent prices to calm down further in 2024, which will hold down the consumer price index. He predicts foreclosure rates will stay at historically low levels in 2024, comprising less than 1% of all mortgages.

Yun forecasts that U.S. GDP will grow by

1.5%, avoiding a recession, with net new job additions slowing to 1.7 million in 2024, compared to 2.7 million in 2023 and 4.8 million in 2022.

After eclipsing 8% in late 2023, he expects the 30-year fixed mortgage rate to average 6.3% and that the Fed will cut rates four times – calming inflationary conditions – in response to slower economic activity.

Yun also foresees 1.48 million housing starts in 2024, including 1.04 million single-family and 440,000 multifamily.

Continued on Page 13

11701 Coastal Hwy • Ocean City y Square Shopping Center • 410-524-1700

WE HA AV VE BU UYERS IF Y YO OU WISH TO SELL GIVE E US A CALL TODA AY Y! THE PLAZ A CONDOMINIUM M • OCEANFRONT BUILDING 9800 COAST TA AL HWY WY.. OCEAN CITY

Mary McCracken k Graves

UNIT #1511

Cell:

Mary@ MaryMcCracken.com

2 Bedrooms plu us Den/3rd Sleeping area offfe er Gorgeous G Ocean Views. Large Deck off Living Room and Master Suite also provide open view ws of the Ocean! Resort Amenitie es including Half-Acre Deck k with Heated Outdoor Pool, Kidd die Pool & Tiki Bar/Grill plus Ye Year--Round Indoor Pool, Hot Tub, Saunas, S Restaurant, 24/7 Security, On-site Management, Private Beach Storage a Parking for 2+. $775,000 and

#1 Top Producer & Listing Agent in Office

CUSTOM-BUIL LT T CEDAR LOG HOME

410-430-7302

9401 SHILOH FARMS ROAD • BERLIN 2,900 Sq. Ft 4 Bedroom/2.5 Bath Cu ustom-built Cedar Log Home on over 7 acres of gorgeous wooded land with lovely babbling brook. Main Level offers large open kitchen, living and dining ed with light room area with vaulted ceilings fille plus Large Master Suite, Huge Ceda ar Walk-in Closet & En-suite Bathroom has garden tu ub and step in shower. 2 bedrooms upstairs with full f bath and large open loft area. Find your drea am home here lovingly cared for byy one owner.

#1

$515,000

Charles Rappa Licensed in MD & DE

Cell: 610-405-9621

charles.rappa@longandfoster.com

WA AT TERFRONT CONDO O IN UPTOWN OCEAN CIT TY!

GORGEOUS 4 BR 3.5 BA HOME

745 MOORING RD #401 • GEORGETOWN BY THE SEA OC CEAN CITY

18 FOGLAND LANE OCEAN VIEW BEACH CLUB OCEAN VIEW

Great potential to b be an investment properrty or second home. This 2 BR 2 BA condo has beautifu ul sunset views of Assawomaan Bay hich is accessible from either living room or from its 4th floor balcony wh master bedroom. Enjoy your own piece of Ocean City. y Centrallyy located close to restaurants & shopp ping. Unit sold unfurnished - giving you a blank canvas to truly make it your very own. Boat slips located on o the Bayfront Privvate Boardwalk are available for an $324,900 additional annual fee.

Upgraded farm sink with reverse osmosis water treatment system m & granite countertops in kitchen. Upgraded ghting, flooring & cabinets, appliances, lig more! Master bath has upgraded tile walk-in shower & separrate soaking tub.

All BAs have upgraded vanities & "tall" evenings. 5 remote toilets. There is a cozy fireplace to keep you warm on chilly e controlled ceiling fans throughout. 4 wall-mounted flat scre een TV's (70in, 50in (x2) and 42in.) There is also a very convey with purchase. Pro offessional window treatments. Extra refrigerator in the garage e. Washer & Dryer $699,990 plus sink in laundry room.

Stan Zaremba Branch Manager 410-520-2707 Stan.Zarem e ba@LNF F..com

Join Our Te Te am At Long & Foster Ocean Cit y !

Please calll or email me fo for a confidential Converrssation on joining our team:

Interesteed in a career in real estate? Classes C ffoorming now! Visit www w..longandffoosterr..com/careers

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 11

“The best thing about the future is that it comes onne day at a time.”

“Whatever u are, b good one..” ~ Abraham Lincoln Anne-Marie: 443-783-76 654 ambouseoc@gmail.co om Rob: 443-783-6655 Robbouseoc@gmail.com

RE/MAX Advantage Realty Office: 410-723-3600 11551 Coastal Hwy • Ocean City MD 21842

Need Help With Sum mmer Va Vacation a Plannin ng?

LOVE WHER

YOU LIV

Let Us l Yo ou Find The Ho m e Yo u lo ve!

Ocean City Sales & V Va acation Rentals

LONG & FOSTE FOSTER ER REAL ESTA TATE, TTE, INC. INC

11701 Coastal Hwy | Ocean City Square Shopping Center | 410-524-1700

Stan Zarembaa Branch Manager 410-520-2707 Stan.Zarembaa@LNF F.com

11701 Coastal Highway • Ocean City y,, MD M

1-800-THE-BEACH (843-2322) LFVacations.com

PAGE 12

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

FEBRUARY 2024

´«°©«°© ¶ª§ «°§µ¶ §£® µ¶£¶§ ±´®¦¹«¦§ ¶± ¥§£° «¶» £°¦ ¶ª§ §®£¹£´§ §£¥ª§µ ² °¤··¨µ ·«¨ ¶¨¤¶²± ·«¨µ¨Î¶ ¤¯º¤¼¶ ¶² °¸¦« ·² §² ¬± ¦¨¤± ¬·¼ ±­²¼ ·«¨ ¯²±ª µ¨¶¬§¨±·Î¶ ¤¼ º¨¨®¨±§ ¤· ·«¨ ¨¤¶¬§¨ ²¤· «²º ¤±§ ¶·¤¼ ©²µ ¤ µ²°¤±·¬¦ ¤¯¨±·¬±¨Î¶ ¤¼ §¬±±¨µ ¤· ²±¨ ²© ·«¨ °¤±¼ ¤°¤½¬±ª ¯²¦¤¯ µ¨¶·¤¸µ¤±·¶ «¬¯¨ ¼²¸ ¤µ¨ ¬± ·²º± ¬·Î¶ ·«¨ ³¨µ©¨¦· ·¬°¨ ·² ¶·¤µ· ¯²²®¬±ª ©²µ ·«¤· ¥¨¤¦« ª¨·¤º¤¼ ¼²¸ ¹¨ ¤¯º¤¼¶ §µ¨¤°¨§ ²© ² °¤··¨µ º«¨µ¨ ¼²¸µ ±¨»· ¤§¹¨±·¸µ¨ ·¤®¨¶ ¼²¸ ¦¤± ª¸¬§¨ ¼²¸ ¤¯¯ °¨ ·²§¤¼ ·² ª¨· ¶·¤µ·¨§

o Ɨ ¢ %) ) ²¤¶·¤¯ º¼ ¸¬·¨ " l ¦¨¤± ¬·¼ l "!($" $! %" $%%% l # ! % ! "$&# ®¨¹¬± «¨¶¨¯¥¤¦« ¨¹µ¨¤¯¨¶·¤·¨ ¦²° (QJHO 9|ONHUV $OO ULJKWV UHVHUYHG (DFK EURNHUDJH LQGHSHQGHQWO\ RZQHG DQG RSHUDWHG (QJHO 9|ONHUV DQG LWV LQGHSHQGHQW /LFHQVH 3DUWQHUV DUH (TXDO 2SSRUWXQLW\ (PSOR\HUV DQG IXOO\ VXSSRUW WKH SULQFLSOHV RI WKH )DLU +RXVLQJ $FW

Coastal Association Affiliate Members Arrange the Change Sharon Knowles

Church Mortgage Michelle Macia

Draper & Kramer Mortgage Corp Matthew Patterson

Authority Inspections John James

CK Capital Management Corp Bill McCormick

Bay Acquisitions Inc Harry Hammel

CMG Home Loans Shawn Hunt Devon Eastlack Amanda Garcia Kaitie Huttenberger Beth Hunt Zack Hunt Aaron Jones Samuel Kotzur Kristine Labert

Eastern Title and Settlement Josh Greene Jay Dixson Min Hu

Bay Capital Mortgage Conner Saulsbury Bayshore Appraisals, Inc Janet Jones Bayshore Mortgage Funding Holly Oertel Brennan Title Company John Brennan Daniel Erb Peter McGough Bright Title and Settlement Services, LLC Sam Greenfeld Brumbley Appraisal Services Alfred Brumbley Caliber Home Loans Joel Bailey Capturing Horizons Ashlyn McGuigan Capital Area REALTORS® Federal Credit Union Tony Launi

Coastal Appraisals, LLC Jennifer Yuhas Community Title Network Devin Holland Christopher Mancini Caitlyn MacWha

Elite Valuations, Inc Kathleen Hoffman Stephanie Rinck First Shore Federal S & L Susan Vincent Randy Merritt Jr Debra Tingle Gary K. Marshall Insurance Agency David Galeone Goosehead Insurance Melissa Geeslin Greater OC Chamber of Commerce Olive Mawyer

CTW Real Property Appraisals C Terence Wittstadt

Guaranteed Rate Affinity Paul Soule Adam Pradon

D3 Corp John Gehrig

Hawkins Electric Jordan MacWha

Deeley Insurance Group Laura Bren Jill Gormley

High Tech Home Inspections Scott Donnelly Christopher Lane

Delmarva Appraisals LLC Beverly Wilson

House Master Kathy Hoffman

Derrick Elzey State Farm Insurance Derrick Elzey

Capitol Title Group Kathy Burton Maura Burton Pilar Burton

Direct Mortgage Loans-Stephen Decatur Hwy Billy Apostolou Jeff Dobrzykowski

Cardinal Settlements Matt Chance Mac McGraw

Direct Mortgage Loans-Ocean Gateway Allen Payne Julie Keenan

Integrity Appraisals Karen Vara JDog Junk Removal & Hauling Ocean City Carol Vaillancourt L Turner Appraisals LeRoy Turner Lakeside Title Delmarva, LLC Diana Dovel

Landmark Insurance – Financial Group Colleen Richardson Colleen Nichols Marr Appraisals Inc Kenneth Marr Elizabeth Filgueras Maryland Department of Housing and Community Development Cecilia Weller Maryland Title Service Helene Parks Richardson Karen Graham Joseph Raskauskas Chrissy Roberts Gina Williams Mid-Atlantic Settlement Services Susan Lloyd Kelly Green Movement Mortgage - Ocean City Joe Brach Liz Buckley Christina Fuller Justin Kozera Kenneth Lee Caleb Miller Allen Payne Pam Rocco Jason Shoff Movement Mortgage - Salisbury Hope Morgan Patrick Clark Hamilton Morgan Joan Mulvaney Kaytlyn Senkbeil Presidential Bank Mortgage Mike Bradley Primary Residential Mortgage, Inc Amy Fichter

PrimeLending Rod Flowers River Run Hunt Crosby RTI-Solutions Stephen Gladwin Megan Paul Sage Title Group, LLC Jennifer Thompson Salisbury Neighborhood Housing Cheryl Meadows Michelle Neal Amanda Smith Superior Appraisal Service Carrie Brown T & G Builders, Inc Gary James Maureen James John Rego The Gold Standard Inspection Company Todd Williams The Mortgage Link, Inc Chrissy Summers Waterstone Mortgage Jason Cook Maurice Heckscher Melissa Mattie Kerry Runkles Joe Steward Whitecap Mortgage Jocelyn Succarotte Kimberly Damadio Mark Succarotte Whitehead Rental Management Austin Whitehead Micki Rickards

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

FEBRUARY 2024

PAGE 13

Maryland included in sales growth areas Continued from Page 10 NAR identified 10 real estate markets with the most pent-up housing demand, which it expects to outperform other metro areas in 2024. In order, the markets are as follows: 1. Austin-Round Rock-Georgetown, Texas.

2. Dallas-Fort Worth-Arlington, Texas.

3. Dayton-Kettering, Ohio.

4. Durham-Chapel Hill, North Carolina.

5. Harrisburg-Carlisle, Pennsylvania.

6. Houston-The WoodlandsSugar Land, Texas.

7. Nashville-Davidson-Murfreesboro-Franklin, Tennessee.

8. Philadelphia-Camden-Wilmington, Pennsylvania-New JerseyDelaware-Maryland.

9. Portland-South Portland, Maine.

10. Washington-ArlingtonAlexandria, D.C.-Virginia-Mary-

land-West Virginia.

“The demand for housing will recover from falling mortgage rates and rising income,” Yun said. “In addition, housing inventory is expected to rise by around 30% as more sellers begin to list after delaying selling over the past two years. The selected top 10 U.S. markets will experience faster recovery in home sales.”

NAR selected the top 10 real estate markets with the most pent-up housing demand in 2024 based on how

they compared to the national level on the following economic indicators: 1) more “returning” buyers; 2) lower home price appreciation; 3) more renters who can afford to buy the median-priced home; 4) more potential sellers; 5) a larger decrease in remote workers; 6) more affordable listings for first-time buyers; 7) stronger job growth; 8) faster income growth; 9) most high-earner millennial renters moving into the area; and 10) lower violent crime rate.

Like Us on

Licensed in MD, DE

Neighbors Serving Neighbors - One Home at a Time

Book Your Beach Vacation Avoid Fees and Book Direct!

11065 Cathell Road Ocean Pines

www.hilemanrealestate.com

410-208-9200 Ext. 3 800-337-7368

SHOULD I SELL MY HOUSE OR RENT IT OUT? CALL US AT 410-208-9200 WEST OC TOWNHOME – GREAT LOCATION

Sonia Zaffiris Associate Broker, GRI, CRS Licensed in MD, DE

410-251-6217 soniasez@aol.com

Located in West OC, this 3 BR, 2.5 Bath townhome has it all! Great location close to shopping, dining, beaches & amusements! Enjoy amazing views of the large central Pond from your upper balcony & lower deck. Walk to the clubhouse with indoor & outdoor pool, tennis, playground & fitness center. Granite breakfast bar, upgraded appliances, gas fireplace, marble tile flooring, crown molding & assigned parking. Attached storage shed.

New Price $379,900

WALK TO THE POOL from this 2-bedroom, ground floor unit in a great North OC location! Just 3 blocks to the beach! Close to Northside Park, shopping, dining & amusements. Both bathrooms have been nicely renovated.

Patio/Courtyard area with privacy fencing. Plenty of guest parking spaces. New roof in 2017, parking lot in 2018.

$310,000

Rare opportunity to own a Riverfront Island Home on 3.6 Acres with private bridge access.

Spacious 4 Bedroom, 4.5 Bath home with nearly 4000 sq.ft. Enter into an impressive 2 story Great Room with 6 skylights. Each Bedroom has its own bath.

Debbie Hileman Natural Shoreline includes a private boat dock with boat lift & 2 jet ski lifts.

443-235-5982 Cell Debbie@HilemanRealEstate.com

$1,550,000

YOUR DREAM HOME AWAITS!

Terri Bradford Associate Broker, GRI 410-430-6875

Bethany Drew Associate Broker, GR

410-430-2602

Exquisite 3 BR, 2.5 BA pristine home. Spacious open concept living/kitchen/eating area, cozy gas fireplace, large center island, sleek granite countertops, double ovens & SS appliances. Perfect for entertaining or enjoying family time. Primary BR is a private retreat & peaceful oasis on the main floor where you can unwind & rejuvenate. Primary BA has dual sink vanities & beautifully tiled, large walk-in surround shower. 2nd floor has 2 generously sized BRs & BA plus a spacious loft area. Work from home or need a quiet space for productivity, this home has a dedicated office room. Separate dining area with butler pantry.

Lots of extra storage & closets. Park cars & store belongings in attached 2-car garage. Don't miss the opportunity to experience the Glen Riddle lifestyle & make this stunning home your own.

Contact us today for a private tour and let us help you in uncovering the lifestyle you've always imagined. $699,900

Licensed in MD, DE • PO2Team.com • Powerof 2 @PO2Team.com

REALTOR®, GRI Licensed in MD

410-430-0587 Cell Cindy@HilemanRealEstate.com

3BR 2BA RANCHER ON BEAUTIFUL CUL-DE-SAC

ONE OF A KIND!

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

Cindy Crockett

Beautiful setting - over 1/2 acre at the end of a cul-desac in a small subdivision close to water. No HOA fees! Rancher includes 3 bedrooms, 2 baths, Den, Laundry Rm, deck, screened porch, 2 car garage, and outdoor shower. Living Rm features a tray ceiling & brick hearth wood stove. French Doors lead to the Den from the tiled Foyer. The kitchen includes a pantry area in the adjacent Laundry Rm. Built in Shelving and workbench in the garage & a storage shed. Great opportunity!

$449,900

0C WATERFRONT with BOAT DOCK This waterfront 3-bedroom town home offers easy access to the bay and all of Ocean City. Close to the beaches, shopping, restaurants. Roof has a 50year warranty and was installed approx.

3 years ago. Walk right out your back door to your privately deeded boat dock. Open floor concept with plenty of room for everyone. Many decks to enjoy outside and fantastic sunsets. Buyers should do their own due diligence to CRS, PMN, GREEN, SRES measure property and confirm all information to their Licensed in MD, DE satisfaction including but not limited to schools, sizes, 443-497-3128 Cell tax information. $429,900 Smilin4shore@comcast.net

www.coastalrealtors.org

Lynette Bridges-Catha

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

PAGE 14

3 BR SOUTH CORNER UNIT with BAY VIEWS

Steve Green Realtor®

410 430 6799 stevegreen@coastallifeoc.com website: stevegreen.coastallife.com

FEBRUARY 2024

427 14TH STREET #401 M HARBOUR ISLAND OCEAN CITY $799,000

CoastalLifeOC.com • 443 552 7579

LOOKING TO BUY AT THE BEACH? Reach Out For A List Of Current Properties Dear Prospective Clients, Though the winter weather is here, if you are considering selling your property NOW is an opportune time. Property values are strong, buyer activity is high and good inventory is limited. All these factors have led to increased buyer demand.

Below are a few highlights of my marketing plan that will effectively sell your property: • PROFESSIONAL PHOTOGRAPHY

• INTERACTIVE 3-D VIRTUAL TOUR

• EXCLUSIVE LISTING WEBSITE

• DIRECT MAIL CAMPAIGN

• FULL COLOR PROPERTY FLYERS

• LOCAL MARKET KNOWLEDGE

• REGULAR STATUS • EXTENSIVE ONLINE • NEW LISTING ADVERTISING ANNOUNCEMENTS UPDATES • SHOWING FEEDBACK REPORTS

This proven marketing plan generates maximum exposure for my listings, which ultimately leads to your property selling for the highest price possible in today's market.

Contact me today at 410-430-6799 for a current property valuation and a full copy of my marketing plan so you can take advantage of this strong real estate market.

Go With Green Today ... Now Accepting Listings!

Rarely available from the original owner - top floor unit of M building! Large condo with panoramic bay views from multiple balconies. Recent upgrades include full renovations of BRs. This could be your year-round residence or excellent rental income potential. Rented for 1st time beginning August 2023. There are rentals booked in 2024 that a buyer must honor. Rentals booked for the 2024 season are available in listing documents. The seller makes no warranty or representation as to the condition of the fireplace chimney, it is offered as is. The HVAC system was replaced in 2017 and the water heater in 2021.

DIRECT OCEAN FRONT CONDO 11700 COASTAL HWY #812 THE CAROUSEL OCEAN CITY $869,000 This is your opportunity to own in the famous Carousel building!

This direct oceanfront condo offers stunning ocean views while the building provides unmatched amenities. The Carousel is a great place to vacation year-round with activities for all seasons. Relax by the outdoor or indoor pools, unwind in the game room or take a cruise around the famous indoor ice-skating rink. Enjoy a meal in the exclusive restaurant inside the Carousel after a day at the beach. There is excellent rental potential! The refrigerator was replaced in 2023, the water heater and washer/dryer were replaced in 2022.

Todd Chandler

Associate Broker, REALTOR®

CELL: 443.235.1469 • FAX: 410.524.7055 EMAIL: twc@holidayoc.com

WWW.HOLIDAYOC.COM MD LICENSE # 507499

7700 Coastal Hwy • Ocean City, MD 21842 410.524.7700

FEBRUARY 2024

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

11500 Coastal Hw wy. y. #7 • Ocean Cityy,, Maryland 2184 42

PAGE 15

PAGE 16

REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS - OC TODAY/DISPATCH

FEBRUARY 2024

In Need of a New Rental Management Company for 2024?

In a period of massive national, corporate consolidation in the Ocean City vacation rental market, Resort Rentals LLC stands apart as the local rental agency with local professionals who know Ocean City and personally care for your property.

23 years in business, over 38 years local rental experience Local office with local agents • Proven history of success • Record rentals

Special Introductory Offer! 14% Commission for 2 Years.

Trust Your Investment with Local Professionals