On July 1st, 2008 my first blog site was born. Happy 1st Birthday! However, being me, I am always looking for new and exciting ways to make things even better. I know what....My blog deserves a makeover…...perfect.
My blog has been made over, and I am launching it today in honor of the birthday celebration! You know everybody needs to get freshened up now and then!Please welcome "Ocean City Maryland Talk"!
As always, my blog will be chock full of great information having anything and everything about Ocean City, Maryland…… Fun happenings at the beach, special events, concerts, news, great restaurant scoops, sporting events and much more.
Welcome “Ocean City Maryland Talk”.I’m excited…come and check out my “new look”. I hope you’ll find all the resources that you will need for fun times and news at the Beach!
Let the Sun Shine…oh baby… let the Sun Shine In!!!
I take a Pilates class in my hometown of Ocean City, Maryland. I love Pilates, but what I think I like the most about it are the others that share my pain, and make me laugh while we are contorting our bodies into somewhat unusual positions in the ongoing pursuit of staying in shape.
Our little group got together for an evening - no Pilates that night...and shared some munchies, cocktails and camaraderie. I do regret that we snapped this photo so late in the evening that many had left and are not pictured. But for us troopers that like to hang out and party, our faces appear!!!
Thanks to all I share this class with, and to our fearless leader Shannon, all who make my day a little bit brighter on Mondays, Wednesdays, Fridays and the occasional Saturday.
It's not uncommon in a resort like Ocean City, Maryland to have a property listed for sale as well as being a summer weekly or mini week rental.
As a sales agent, we can only show the property when it is not occupied, or between the check out and check in time of the new tenant. It does make for a lot of moving around quickly, mostly on Saturday's and Sunday's. The typical times we can show property on these days is from 11:00am until 2:00pm.
During the summer months when a condo or home is simultaneously listed for sale and rent, we as real estate sales agents can not put an electronic lockbox on the property. I understand that. Most tenants are concerned that someone may walk in on them unannounced.
Something a prospective buyer should keep in mind if looking to purchase a beach condo during this time...the rental income will go to the buyer's from the time they settle on the property. It helps to get some cash coming in right from the beginning.
The median sales price for properties in Ocean City, MD for March 2009 to May 2009 was $300,000. That represents an increase of 13.1%, or $34,750, compared to the prior quarter and a decrease of 8% compared to the prior year. Sales prices have appreciated 11.2% over the last 5 years in Ocean City.
The average listing price for Ocean City, MD properties for sale as reported by Trulia was $484,533 for the week ending 06.10.09, which represents a decline of 1.9%, or $9,461, compared to the prior week and a decline of 0.8%, or $4,105, compared to the week ending 05.20.09.
Yeh! If these recommendations can be implemented it will be just what the housing market has needed to stimulate a recovery. I know the process can be long and arduous, but I applaud the efforts of those trying to make it happen, and we need to lend them our support.
There was a business roundtable held that was chaired by the Realogy CEO, Richard Smith, and comprised of chief executive officers of leading U.S. corporations. On June 10th, 2009, this group issued a set of recommendations for the White House and Congress, that are aimed at jumpstarting the housing market in order to stimulate a broader economic recovery.
Their recommendations are as follows:
*Keep mortgage interest rates at historically low levels (below 5%) for at least one year;
*Expand the current First-Time Homebuyer Tax Credit incentive from the lesser of 10% of the purchase price of the home or $8000 to a higher limit of either 10% or $15000 for ALL homebuyers, and remove the income restrictions and include all primary residences for one full year;
*Conduct a thorough review of current foreclosure mitigation and loan modification programs in light of rising loan modification re-default rates;
*Make permanent the current temporary conforming loan limits;
*Continue to review and strengthen government efforts already underway to review and refine mortgage lending practices.
This group believes, and I agree, that targeted, demand-side solutions will provide a critical next step for a housing recovery that will help create jobs and boost the economy as a whole.
After last weeks' spike in interest rates, we thought we would see a pullback. That was not the case... in fact, rates pushed a bit higher. Bankrate's national survey had 30yr fixed rates averaging 5.65% and 15yr fixed rates average at 5.06%.
Has the mortgage rate boat sailed too far from shore for those still looking to purchase? Absolutely not! This time last year, Bankrate's national survey averaged 6.26% for 30yr fixed. The problem is borrowers become fixated on what they could have had a few weeks ago. It's irrational to continue thinking that way because there is nothing that can be done to change the situation. The logical approach is... where do I go from here?
NAR (National Association of REALTORS) reports pending sales increased 6.7% in April, the biggest jump in 8 years. Factory orders rebounded .7% after a decline of .9% the month before. The U.S. lost fewer jobs than was forecast in May - 345,000 the least in the past 8 months. All this could be signs that the deepest recession in half a century is abating.
The point is... we should make decisions based on the reality of the current situation forward. There is nothing we can do about last week's mortgage rates. We can only consider rates from this point forward... which are still excellent! The same decision applies to home prices. Many people who want to sell are anchored to the price at which they bought... even if it has no basis in economic reality. And the reality is... prices are darn low, which is why we think potential buyers shouldn't wait too long to pull the trigger... lest they suffer the same fate that many borrowers are!
EVERY MARKET'S DIFFERENT, CALL A REALTOR® TODAY.
Call KEVIN or MONICA MCNAMARA for more information.
I spent the day Sunday on the beach at Assateaque Island just south of Ocean City, Maryland on the Delmarva Peninsula.
It's just beautiful. The ponies of Assateaque will walk right up to you on the beach. You are not supposed to feed or touch them since they are wild ponies, it's kind of hard to resist though.
Assateaque beach does have lifeguards, so you can swim in protected areas. There is also short and long term camping facilities. Many an evening I have spent further south on the Island on the part where 4 wheel drive vehicles are allowed on the beach. Big bonfires, grills a going, music blaring and lots of friends. We have a blast.
It's also pretty cool to drive onto the beach during the day, bring your fishing poles, all your stuff to stay for the day, and hang out until dark for bonfire time.
The quality of life here on the Eastern Shore is second to none. I am very blessed.
First floor 2BR/2BA condominium overlooks a canal from private screened porch. Enjoy bay views from the 2nd bedroom and from your front door. Short walk to the community pool & tennis court and nearby restaurants. Recently installed tile & hardwood floors, appliances, kitchen counters, fans, and light fixtures. Outside storage. Priced to sell !!! A great buy for your starter "home" or for your long awaited beach retreat ! Call KEVIN or MONICA MCNAMARA today to get started -- 877-480-7653!!!
It's time again this year to enjoy some of the fine restaurant's Ocean City has to offer in this week long culinary experience. From May 31, - Jun 7, 2009, many spectacular restaurants will offer a special fixed-price three course dinner menu for just $30 and/or a two course menu for $20.
Come on down to the beach. Soak up the sun, walk the boardwalk and have some great meals! Bon appétit,
It is Memorial Day. Which is the unofficial start of the summer season, and what would summer be without crabs... delicious Maryland blue crabs that is.
I "banged" the hugest crabs I have ever seen yesterday. They weren't large, they weren't extra large, they weren't jumbos...they were so big they're called MONSTERS. I swear from claw to claw they were 15-16 inches. Super meaty with jumbo lump backfin crab meat. Oh my.
It is always interesting to have someone at the table that has never seen anyone do this before. The concept of throwing these weird looking crustaceans out on the table (straight from a brown paper bag), and start hacking into their bodies with mallets and knives will always get you a strange look from a newbie. I love their reactions.
When my kids were youngsters I couldn't get them to eat crabs. Now that they are older and realize what a delicacy they are, they want to sit on the back porch and bang crabs whenever they come home. The same goes for lobster. It's amazing how they love the more expensive stuff now. What's not amazing is that they still look to Mom and Dad to pay for it. (Some things never change).
Oh well...I hope that you and yours created some of you own fond Memorial Day memories this year. As always, let's not forget why we celebrate this Holiday. At 3:00pm, your local time, take a moment of silence to remember those who fought so hard for our freedom.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Happy Birthday to Monica's Beach Blog.
It's not uncommon in a resort like Ocean City, Maryland to have a property listed for sale as well as being a summer weekly or mini week rental.
;)
;)
