Real Estate Update – Ocean City MD

October 28th, 2007

Ocean City MD Condos New ConstructionThrough Sept of 2007, the Ocean City MD real estate market for Condominiums has continued to be very soft! Compared to statistics through Sept of 2006, average days on the market has increased from 180 days to 268 days. Average list price has decreased from $459,591 to $425,132. Inventory of on the market “for sale” condos has remained fairly constant now at 1650 units. Condos on the market in mid 2005 were about 800 units. These statistics do not include many NEW Condos still under construction or those new condos completed but not yet sold out. Actual settlements for Sept 2007 were 46 condos compared to 59 in 2006. Ocean City MD Real Estate source data can be found at the Coastal Association of REALTORS web site. Certainly the bursting of the sub prime mortgage financial market has had a continued dampening affect on 2nd home sales of condos in Ocean City Md as well as other 2nd vacation condo markets around the USA. If you are planning to purchase or sell a condo in Ocean City MD .. We suggest enlisting the aid of an experienced REALTOR. You may find just that type of real estate professionalism and experience in the At The Beach Real Estate Center.

An article in the Baltimore Sun Newspaper dated Aug 25, 2007 titled “Tide is ebbing for Ocean City condo market” may be of interest.

Ocean City MD Condo HighrisesOcean City MD vacation condo rental activity has likely remained constant over the past years, however, due to the many new condos now available for vacation rent, one may see a decreases in condo vacation rental rates due to the increased competition. Each rental unit now has a smaller slice of the pie and decreases in rates charged, increases in amenities, comfort, etc. play a factor in successfully renting a condo throughout the summer months. There are many more requests for Condo Rentals of a shorter duration than the historically 7 day stay also, suggesting consumer changes in desires, affordability, and other options available for vacationing tourists. Certainly the internet plays a huge part now with increased easy access to vacation options, deals and vacation destinations one would not have considered in years past. You will find quick access to various Ocean City MD Condos for rent here.

If your just looking for a short 2 or 3 day stay, then we have BEST HOTEL Rates Guaranteed – For Ocean City Md – CLICK HERE

Most likely, the real estate market will recover in the coming years. The question is really not “if” but “when”. Historical indicators suggest this may be years away, but certainly doesn’t suggest that real estate investments are not good investments. Real estate is a LONG TERM investment. An interesting article discusses the long term prospects of real estate authored by the Vice President of the National Association of REALTORS.

So .. stay informed and get a professional real estate agent who is best able to serve your buying or selling needs for Ocean City MD – Coastal Delaware Real Estate

Ocean City MD J1 visa workers summer of 2007

October 16th, 2007

Summer workers depart Ocean City MD Oct 2007The summer of 2007 is now history in Ocean City MD.. The wonderful international students that arrive every year to boost up and support the local business community in Ocean City Md have now departed for their homelands in Russia, Romania, Bulgaria, Slovakia, Poland, Lithuania, Belarus, and so on. Without these students there really wouldn’t be any way a local business restaurant, hotel, fast food, retail, etc.. could staff their facilities during July, August and Sept.. to satisfy the consumer needs.

I’ll just make a few observations from this past summer of 2007.

  • Almost all students go home having had a productive summer and a great experience
  • Almost all students go home having been able to save money to further their education and help their families in their home countries
  • Almost all students who have visited the USA want to return – American is still the Land of Opportunity!
  • The majority of businesses have competent management staff and are able to afford the students a good summer job and treat them with proper respect and consideration. Unfortunately some (a minority) of business owners relegate the management to less than educated or incompetent managers who oversee the student workers. I sure wish there were some way to minimize the number of employers who treat the international students as worker slaves and with disrespect.


    Possibly the local community governments, and or local associations, such as Chamber’s of Commerce can find a way to provide and invite ALL business licensees to ensure that their management staff attend a 1/2 day seminar relating to labor laws, employee management, etc.. ?


    I have personally witnessed said “employee mistreatment” as related to me by students this past summer. I don’t believe this would have occurred if the worker has been a college student from the USA.. Possibly there is a communication problem, but my take is that there is some “attitude” from a MINORITY of business managers in the treatment of the International Students.


    In concluding – the tourist destination cities , while they are endeavoring to help the students who arrive to work, as are many local citizens in the area, may need to consider more effort to help and assist these students upon their arrival and during their stay. Labor and Housing are often issues and in reality many don’t have any recourse from those who may take advantage of them without fair consideration.


    ..
    Let us hope we can continue to improve the human consideration, housing situation, employment factors and labor laws, etc.. in our local tourism destination towns and cities to make the experience more profitable for the international students both mentally and financially.
    If you are an International Student desiring information about Ocean City MD student workers CLICK HERE for advance tips and advice!

    Discover Northside Park – Ocean City MD

    October 6th, 2007

    Northside Park, Ocean City MarylandAre you vacationing in Ocean City MD and need a respite from soaking in the sun on the beach? Are your grown children with grandchildren visiting you in Ocean City MD? Get out of the house or condo, pack a picnic lunch for the group and spend part of a day at Northside Park in Ocean City MD.. Northside Park features include/consist of: 58 acre complex with three lighted softball/baseball fields, a lighted soccer field, multipurpose field, a fishing lagoon, a foot bridge, concession stands, two playgrounds, picnic area, two piers, a gazebo, walking/jogging paths, and a large building with a 14,200 square foot gymnasium, and a sports center annex with a 21,000 square foot multi-sport sports arena. LOCATED on the bayside at 125th St. you will find ample free parking and easy access to the FREE amenities and nature provided.
    Northside Park Playground Area, Ocean City MD The playground area has picnic benches and portable restrooms. The kids can play while Mom and Dad enjoy the outdoors and serene nature. There are also very nice walking or biking trails for exercise. THe kids can even use the paths for skateboarding. The extended pier stretches out into the Assawoman Bay and gets one closer to our natural habitat. Catch the view at sunset for a special treat and bring your camera to take pictures of the sunset.Northside Park, Ocean City MD scenic and crabbing pier You will enjoy viewing the ducks on the inner lagoon, Egrets and Heron’s feeding in the marshy grass on the bayside, and a pleasant experience for everyone, young and old. The facilities are free to the public and feature a large FREE parking lot for cars, but the city bus system can easily bring everyone to 125th St and Coastal Hwy so you only have a 1 block walk to the Northside Park in Ocean City MD.. During the summer months, the Town of Ocean City MD features ” Sundaes in the Park ” at Northside. July into August during the summer, live musical entertainment, childrens activities and of course for a small fee make your own ice cream sundae.

    CLICK HERE FOR LOCATION MAP OF Northside Park Ocean City Maryland.

    CLICK HERE TO VIEW MORE PHOTOS TAKEN AT Northside Park, Ocean City MD

    Visiting for a short stay – just a few days ? – need a hotel room in Ocean City MD ?- CLICK HERE FOR BEST RATES GUARANTEED! Ocean City Md Hotels

    Need other information about Ocean City Md ? Click here for Ocean City Md Information – Real Estate, Events, Classifieds, Things to do, and more.