7/31/2019 Novenber Newsletter

1/1

Upcoming Area Events and HappeningsSeaside 10k and 5k | Oct. 27th | Ocean City Inlet Lot | DetailsOC Restaurant Week | Until Oct. 28th | City Wide | Details

Pumpkin Races | Oct. 27th @ 2 pm | N. Division St. | DetailsOC Toberfest on the Beach | Oct.27th-28th | N. Division St. | Details

Horse and Carriage Rides in OC | October-April | Downtown OC | DetailsFall Fest of Fine Art | Nov. 3rd-4th | OC Convention Center | Details

Winterfest of Lights | 11/15-1/1 | Northside Park @ 125th St. | DetailsOcean City Christmas Parade | Dec. 1st| 100th St. 116th St. | Details

Useful Real Estate Info | Closing Costs for Sellers

As we discuss the process of selling real estate in Ocean City, MD we are oftenasked what closing costs will be involved and how much they are. Obviouslythey are going to vary from deal to deal, however there are some commonsimilarities amongst them. Primarily the Seller will be responsible for a portionof the transfer costs, the deed release and the commissions when selling their realestate in Ocean City, MD. It is helpful to know what these costs will be up frontin order to properly position and market your property.

Transfer CostsEvery time a property transfers in Maryland the state and local municipalitiescharge a transfer tax. Essentially this tax boils down to $1.66 per $1000 ofpurchase price. As an example, on a $500,000 property sale there would be$8300 in transfer taxes. Per the Maryland Contract of Sale for real estate this

transfer tax is split equally between the Buyer and Seller. This, like all other partsof the contract is negotiable dependingRead More

Ocean City and Ocean Pines Real Estate Market ReportViewtheOct.2012MarketReportOcean City Real Estate Report

A Worthwhile Quote or Two

Itisbettertobealonethaninbadcompany.

I hope I shall possess firmness and virtue enoughto maintain what I consider the most enviable ofall titles, the character of an honest man.

George Washington

Good Eats | Harbourside Bar and Grill

Harbor Side Bar and Grill is a waterfront establishment on thecommercial harbor in West Ocean City. It is definitely one of the bestwatering holes in the area with their famous Orange Crushes andconstant live entertainment. Often overlooked is the great food that theyoffer. They always have a special list with a variety of creative offerings

on it, Iusuallydontneedthemenu.TheSeafoodPastaisawinnerwithavariety of seafood served in a light garlic cream sauce over linguine. Theydo a crab club, which is a soft shell crab topped with a crab cake andbaconcomehungryforthisone.Their seared scallops and tuna isawesome and literally right off the boat next door. Come casual asHarborSideisnothingfancy,yetiscleanandveryfamilyfriendly.Dont

drinktoomanyorangecrushesandhavefunHarbor SidesWebsite

Data Sept. 2012

Sept. 2011

% Change

2012 YTD 2011YTD % Change

Active Listings 1767 2248 -21% 3958 4534 -13%

Avg. List Price $356,000 $352,000 1% $328,000 $341,000 -4%

Med. List Price $275,000 $279,000 -1% $260,000 $275,000 -5%

Sold Listings 144 121 19% 1157 1142 1.3

Avg. Sold Price $281,000 $248,000 14% $264,000 $272,000 -3%

Med. Sold Price $229,500 $200,000 15% $230,000 $235,000 -2%

Pending Listings 136 114 19% 1318 1192 11%

New Listings 193 209 -8% 1973 2240 -12%

Days on Market 130 139 -6% 123 121 -2%

Absorption Rate 15 17 -16% 16 18 -13%

Ocean City Area News

Testimony Concludes in Hudson Farm Case

Horse Carriage Rides in Ocean City

DebateOverLoudEventsContinues

County Launches VIP Real Estate Tour

Scooter Regulations Finally Tightening

Winterfest of Lights Kicks Off

Quick Real Estate Searches

Search All Area Listings

View All Foreclosures and Short Sales

View Recently Sold Properties

View Just Listed Properties

View Current Market Statistics

Noteworthy Real Estate News

Housing Recovery Hits New High

Forbes Real Estate Forecast for 2013

Did You Miss the Bottom?

New Short Sale Guidelines Coming

Price Increases on the Low End

Foreclosures Fall 62%

New Home Sales Hit 2 Year High

Hot Properties

Newer3Bed/3BathOceanfrontSouthBeachShortSaleDetails

NicestWaterfrontCondoinTownw/50and25SlipsDetails

2Bed/1.5BathBaySideTownHomefor$132,500Details

Beautiful4Bed/3.5OceanfrontCondow/MotivatedSellerDetails

BankSale:Large2Bed/2BathBaySideCondowithaDenDetails

Good Times

OCsWinterfestof Lights kicks off in a couple ofweeks and it is a lot of fun for all ages. Thedisplay is quite impressive and has wonnumerous national awards. The wife and Iusually head up around Christmas, grab a hotchocolate and take the tour. They have a littlevillage set up with other activities, especially forthe kids. We usually head out after and catch oneofOceanCitysmanyoffseasondiningspecialswith you can findhere. Have fun ...More Details

Nicholas A. Bobenko, Realtor

Condominium Realty, LTD

Direct: 443-614-9179Office: 410-524-6400

Email:ocnick55@gmail.comWebsite:oceancitypro.com

The Deal

OnSundayandMondayFagersIslandoffers their famous prime rib for half price.It is the best in town, or anywhere that Ihave been for that matter. In addition theyalso offer their fresh fish selection for halfpriceaswell.GreatDealFagersSite

Worcester County Market Summary

Useful Home Tips

When you face the potential to lose powerand water for an extended period of time,fill your bathtubs with water. You can thenuse this to flush your toilets and you willhave a back up supply of water.

Fill large zip lock bags with water andfreeze them. In the event power goes outthey will keep both your freezer andrefrigerator products cold for an extendedperiod of time.

Mortgage CenterRate Oct. 12 Sept. 12 Oct. 1130 Yr. 3.72 3.49% 4.19%

15 Yr. 3.02% 2.77% 3.54%5/1 ARM 2.75% 2.76% 2.99%

Contact Ocean City Mortgage Lender

Property Updates

Sign Up for New Listings Delivered via Email

Property Valuation

Current Market Valuation Emailed to You

Listing Manager

Great Tool for Searching & Tracking Listings

Direct: 443-614-9179Email: ocnick55@gmail.com

Web: oceancitycondosandhomes.com

Ocean City Maryland Newsletter

http://octrirunning.com/http://www.oceancityrestaurantweek.com/http://www.ocean-city.com/ocean-city-maryland-event/2012/10/27/The-Great-Pumpkin-Racehttp://www.specialeventpro.com/octoberfest.phphttp://ococean.com/eventshttp://www.donaldsduckshoppe.com/events/16th-annual-fallfest-fine-arts.htmlhttp://www.beach-net.com/events/winterfest/winterfest1.htmlhttp://oceancitycondosandhomes.com/blog/selling-ocean-city-md-real-estate-closing-costs/http://oceancitycondosandhomes.com/blog/selling-ocean-city-md-real-estate-closing-costs/http://oceancitycondosandhomes.com/blog/selling-ocean-city-md-real-estate-closing-costs/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-market-report-2/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-market-report-2/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-market-report-2/http://www.weocharborside.com/http://www.weocharborside.com/http://www.weocharborside.com/http://www.weocharborside.com/http://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Testimony-Concludes-In-Hudson-Farm-Case-Judge-May-Rule-In-Decemberhttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/OC-Carriage-Rides-Become-A-Realityhttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Concerns-Over-Resorts-Loud-Events-Continuehttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Concerns-Over-Resorts-Loud-Events-Continuehttp://www.oceancitytoday.net/news/2012-10-26/Top_News/County_launches_VIP_Real_Estate_Tour.htmlhttp://www.oceancitytoday.net/news/2012-10-26/Front_Page/SCOOTER_CRUNCH.htmlhttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Ocean-Citys-Winterfest-Of-Lights-Kicks-Off-Nov.-15http://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Ocean-Citys-Winterfest-Of-Lights-Kicks-Off-Nov.-15http://www.oceancitypro.com/search-all-listings.asphttp://www.oceancitypro.com/foreclosuresshorts.asphttp://www.oceancitypro.com/just-sold.asphttp://www.oceancitypro.com/just-listed.asphttp://www.oceancitypro.com/market-data-.aspmailto:http://www.forbes.com/sites/trulia/2012/10/23/housing-market-recovery-hits-new-high-in-september/http://www.forbes.com/sites/billconerly/2012/10/08/real-estate-forecast-2013-the-housing-market/http://community.nasdaq.com/News/2012-10/new-housing-data-may-signal-a-passing-opportunity.aspx?storyid=178172#.UI7uyIVzmOghttp://www.realtor.org/articles/fhfa-announces-new-short-sale-guidancehttp://www.nytimes.com/2012/09/26/business/home-prices-climb-again.htmlhttp://money.cnn.com/2012/10/25/real_estate/foreclosures-cities/index.htmlhttp://money.cnn.com/2012/10/24/real_estate/new-home-sales/index.htmlhttp://www.flexmls.com/link.html?x3plrntuuvo,11,1http://www.flexmls.com/link.html?x3plrntuuvo,11,1http://www.flexmls.com/link.html?x3plrstrexv,11,1http://www.flexmls.com/link.html?x3plrstrexv,11,1http://www.flexmls.com/link.html?x3plrwb1nqc,11,1http://www.flexmls.com/link.html?x3plrwb1nqc,11,1http://www.flexmls.com/link.html?x3pls2uguxc,11,1http://www.flexmls.com/link.html?x3pls2uguxc,11,1http://www.flexmls.com/link.html?x3pls6q0swd,11,1http://www.flexmls.com/link.html?x3pls6q0swd,11,1http://www.flexmls.com/link.html?x3pls6q0swd,11,1http://oceancitycondosandhomes.com/blog/good-eats-ocean-city-off-season-dining-specials/http://oceancitycondosandhomes.com/blog/good-eats-ocean-city-off-season-dining-specials/http://oceancitycondosandhomes.com/blog/good-eats-ocean-city-off-season-dining-specials/http://www.beach-net.com/events/winterfest/winterfest1.htmlhttp://www.beach-net.com/events/winterfest/winterfest1.htmlhttp://www.beach-net.com/events/winterfest/winterfest1.htmlmailto:ocnick55@gmail.commailto:ocnick55@gmail.commailto:ocnick55@gmail.comhttp://www.oceancitypro.com/-home-page.asphttp://www.oceancitypro.com/-home-page.asphttp://www.fagers.com/http://www.fagers.com/http://www.fagers.com/http://www.karistory.com/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://www.screencast.com/t/Z2DO4LXGhttp://www.screencast.com/t/Z2DO4LXGmailto:ocnick55@gmail.comhttp://oceancitycondosandhomes.com/http://oceancitycondosandhomes.com/mailto:ocnick55@gmail.comhttp://www.screencast.com/t/Z2DO4LXGhttp://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://www.karistory.com/http://www.fagers.com/http://www.linkedin.com/pub/nicholas-bobenko/a/935/13ahttp://feeds.feedburner.com/OceanCityCondosAndHomeshttps://twitter.com/http://www.youtube.com/user/OCCondosandHomes?feature=mheehttp://www.facebook.com/oceancitymarylandrealestatehttp://www.oceancitypro.com/-home-page.aspmailto:ocnick55@gmail.comhttp://www.beach-net.com/events/winterfest/winterfest1.htmlhttp://oceancitycondosandhomes.com/blog/good-eats-ocean-city-off-season-dining-specials/http://www.flexmls.com/link.html?x3pls6q0swd,11,1http://www.flexmls.com/link.html?x3pls2uguxc,11,1http://www.flexmls.com/link.html?x3plrwb1nqc,11,1http://www.flexmls.com/link.html?x3plrstrexv,11,1http://www.flexmls.com/link.html?x3plrntuuvo,11,1http://money.cnn.com/2012/10/24/real_estate/new-home-sales/index.htmlhttp://money.cnn.com/2012/10/25/real_estate/foreclosures-cities/index.htmlhttp://www.nytimes.com/2012/09/26/business/home-prices-climb-again.htmlhttp://www.realtor.org/articles/fhfa-announces-new-short-sale-guidancehttp://community.nasdaq.com/News/2012-10/new-housing-data-may-signal-a-passing-opportunity.aspx?storyid=178172#.UI7uyIVzmOghttp://www.forbes.com/sites/billconerly/2012/10/08/real-estate-forecast-2013-the-housing-market/mailto:http://www.forbes.com/sites/trulia/2012/10/23/housing-market-recovery-hits-new-high-in-september/http://www.oceancitypro.com/market-data-.asphttp://www.oceancitypro.com/just-listed.asphttp://www.oceancitypro.com/just-sold.asphttp://www.oceancitypro.com/foreclosuresshorts.asphttp://www.oceancitypro.com/search-all-listings.asphttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Ocean-Citys-Winterfest-Of-Lights-Kicks-Off-Nov.-15http://www.oceancitytoday.net/news/2012-10-26/Front_Page/SCOOTER_CRUNCH.htmlhttp://www.oceancitytoday.net/news/2012-10-26/Top_News/County_launches_VIP_Real_Estate_Tour.htmlhttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Concerns-Over-Resorts-Loud-Events-Continuehttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/OC-Carriage-Rides-Become-A-Realityhttp://www.mdcoastdispatch.com/articles/2012/10/26/Top-Stories/Testimony-Concludes-In-Hudson-Farm-Case-Judge-May-Rule-In-Decemberhttp://www.weocharborside.com/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-market-report-2/http://oceancitycondosandhomes.com/blog/selling-ocean-city-md-real-estate-closing-costs/http://www.beach-net.com/events/winterfest/winterfest1.htmlhttp://www.donaldsduckshoppe.com/events/16th-annual-fallfest-fine-arts.htmlhttp://ococean.com/eventshttp://www.specialeventpro.com/octoberfest.phphttp://www.ocean-city.com/ocean-city-maryland-event/2012/10/27/The-Great-Pumpkin-Racehttp://www.oceancityrestaurantweek.com/http://octrirunning.com/