January 2010

Ocean City, Maryland Real Estate Market Statistics and Trends

January 28, 2010 by Monica McNamara · Leave a Comment 

The median sales price for homes in Ocean City MD for Sep 09 to Nov 09 was $335,000. This represents an increase of 24.1%, or $65,000, compared to the prior quarter and an increase of 20.4% compared to the prior year.
The average listing price for Ocean City homes for sale was $430,969 for the week [...]

Just Listed! #4 L’Image Oceanfront Penthouse- The Ultimate in Ocean Beach Luxury!

Just Listed! #4 L’Image Oceanfront Penthouse- The Ultimate in Ocean Beach Luxury!

January 25, 2010 by Monica McNamara · Leave a Comment 

Look at this! Direct Oceanfront, top floor penthouse with 3 BR, 3 BA  in 4 unit “boutique” building located in North Ocean City.
Stunning interior design appointments, paint, and touches throughout.Breathtaking first impression rotunda entry foyer with rounded walls and circular mosaic tile floor design. Eight foot glass Anderson Frenchwood gliding doors to both bayside [...]

Tip For Buyers And Sellers

Tip For Buyers And Sellers

January 25, 2010 by Monica McNamara · Leave a Comment 

An Agreement of Sale to purchase real estate is a legal document and should be reviewed very carefully by all parties to the transaction. A buyer or seller that is unclear or does not understand all aspects of the Agreement, should most certainly speak with their REALTOR for clarification and explanations, and consult an attorney [...]

Cozy Beach Home Just Listed in Ocean City!

Cozy Beach Home Just Listed in Ocean City!

January 21, 2010 by Monica McNamara · Leave a Comment 

Just Listed in Ocean City! Waterfront 3 Bedroom 1 and 1/2 bath Rancher single family home with direct bay sunset views from the front porch. Rear exterior Sun Room opens to a very large fenced yard, where you can walk right out to your private boat dock. Home is in excellent condition with new baths, [...]

The “New” Newlywed Game – Oh Yes Really!

The “New” Newlywed Game – Oh Yes Really!

January 18, 2010 by Monica McNamara · 2 Comments 

The Ocean City, Maryland Parrothead Club held a fabulous fundraising event on January 14th, 2010 at Seacrets USA to benefit the “Message of Hope Cancer Fund, Inc.”
Now the premise of this fundraiser was quite interesting to put it mildly.  Four local couples put themselves on the line to answer some pretty tough questions. It was [...]

Beach Blanket Blood Drive 2010

January 12, 2010 by Monica McNamara · Leave a Comment 

Every year our local Blood Bank of Delmarva holds their annual blood drive. This year it is January 19 -20, 2009 at the Ocean City, Maryland Convention Center located on 40th and Coastal Highway.  You can just walk in from 10am – 6pm on January 19th or 9am – 5pm on January 20th, or you [...]

Ocean City, Md Condo Financing Questions Discussed

Ocean City, Md Condo Financing Questions Discussed

January 6, 2010 by Monica McNamara · Leave a Comment 

I can not stress the importance enough of working with a lender that has a proven track record of processing and approving a condominium product loan. If they don’t, many loans have not been placed, because lenders take a loan that they can not compete.
Paul Soule with Coldwell Banker Home Mortgage takes the time to [...]

New RESPA Changes – What That Means To You

New RESPA Changes – What That Means To You

January 4, 2010 by Monica McNamara · Leave a Comment 

HUD, (Housing and Urban Development), in an effort to improve disclosure of key loan terms and closing costs paid by the consumer when they buy or refinance a property, HUD has reformed the RESPA Rules.
Here is a summary of the final rule:
Good Faith Estimate – now it will be a three page document, including disclosure [...]

506 La Mirage Condominium

January 2, 2010 by Monica McNamara · Leave a Comment 

Check it out. A gorgeous oceanfront view from 506 La Mirage Condo located on the beach in Ocean City, Maryland on 62nd Street.
506 La Mirage Condominium – Ocean City, Maryland

Why Buyers Choose McNamara & Associates

January 2, 2010 by Monica McNamara · Leave a Comment 

Kevin and I had the pleasure and privilege to work with two great people, and to assist them in finding  their second home at the beach. They already have a condominium in Ocean City, Maryland, and this time our search was on to find them a single family home on the water just outside of [...]