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Carol Proctor, Associate Broker Berkshire Hathaway HomeServices Penfed Realty Blog

Sunday, February 26, 2017   /   by Steve Marriner

Ocean City Property Market - 2016 Review

So 2016 is now in the books and its time to see how a year changed property prices in Ocean City. Did they go up, stay level or go down? Did volume increase? And which segments saw the most movement?
Well here are the answers. The first thing to note is that we did see a reasonable increase in overall sales last year, up 9% over 2015 with a total of 1333 units sold. Driven by record low interest rates and more realistic expectations from sellers, the overall market fared pretty well.

The average listing price increased by a very marginal $600 yet the sales price increased by almost $3,750. This dropped the discount that a buyer negotiates from the original listing price down to 8.6% compared to the 10% levels we saw a few years ago, with most properties selling for around 5% less than their final listing price.
As you can see, it still takes almost 6 months to get a property under contract and if you add the typical 6 week settlement time, its currently normal to take 7 mont4 ...

Tuesday, August 18, 2015   /   by Carol Proctor

Operation Sea's The Day-September 3 through th 13th......... Get Involved!!!!!!!!

Our Mission
To organize and facilitate a beach week event for our wounded soldiers and their families as a means of showing our appreciation for their service and sacrifice. It is our hope that such a community-based gesture of support will be comforting and help ease their transition back into civilian life.
The Event: Third Annual Warrior Beach Week 2015
Operation SEAs the Day is a beach week event for our soldiers and veterans who are recovering from injuries sustained while serving our country, and their families. Our third annual Warrior Beach Week will be held September 8-13th in Bethany Beach, DE.
During this week, Bethany Beach will host soldiers and their immediate families for a well-deserved week of rest and relaxation. All of the VIF (Very Important Families) will stay in homes/condos donated by local homeowners. Learn more about how you can get involved.
Our Organization
The first Warrior Beach Week occurred in September of 2013. To read mo# ...

Thursday, March 26, 2015   /   by Carol Proctor

The Market has changed

For the last year I have watched the market change.  If you thinking about buying on the Coast of MD now is the time to buy.  Just yesterday there was 15 closing and 16 properties put under contract.  We have seen a 68% in business over last year.  The biggest jump is properties over 500,000.00. They are up by 88%.    If your looking to sell or buy a home call me today.   

Wednesday, November 12, 2014   /   by Carol Proctor

New Blog Post

Horse and Carriage Rides

November 08- April 26, 2015 @ Inlet Lot/Pier to 4th Street

Enjoy a Horse and Carriage Ride along the Boardwalk on Saturdays and Sundays 10am to 4 pm through 4/26/2015!  You can board the carriage near Thrasher's at the inlet lot and travel down the Boardwalk to 4th Street and back....  Just 10 dollars per person's over 3 years old.  Kids 3 and under ride free.....  Come see how beautiful the OC is in the off season and enjoy all the local specials.  
Carol Proctor, Associate Broker Berkshire Hathaway HomeServices Penfed Realty
Carol Proctor, Associate Broker, Team Leader
5000 Coastal Highway #6
Ocean City, MD 21842

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