Ocean City Md Real Estate Condo Sales – Sept 2008

October 2nd, 2008

Ocean City Md Condo Sales

Ocean City Md Condo Sales

Ocean City MD Condominium sales ( ratified contracts ) trend over previous year declined again. This is a continuance of the ” BURSTING OF THE BUBBLE ” which commenced in late 2005 and into 2006. After skyrocking demand and increases in real estate prices, market conditions changed and as we all know, real estate market values have dropped significantly from their ” Lofty HIGH ” in 2005. These conditions are not just in Ocean City Md but throughout the USA and especially for 2nd home and vacation home markets along the coastal resort areas of the USA. Primary home sales “off and nearby the beach areas still remain a viable “relocation or retirement” purchase however. Click here to view the source for the Ocean City MD Real Estate Condo Sales Statistics

The question is – Is Real Estate still a good investment ? – the answer is YES … but be certain it is a long term investment of 10 or more years for you, not a few years investment. The other obvious benefit is a 2nd home at the beach provides the investor with off season usage (provided they rent the property during the summer months) – thereby minimizing the costs associated with owning a 2nd home at the beach. Of course some can simply just afford to purchase a 2nd home for their personal usage at the beach – so IT IS A GREAT TIME TO BUY Real Estate in Ocean City MD and Coastal Delaware in this scenario. Sellers are anxious and buyers can negotiate a fair price given today’s real estate market At The Beach.

I recall in the mid 1970’s when Ocean City MD real estate highrise development went balistic. The result was that speculators were fueling the fire and there weren’t actually real buyers behind the seeming surge in demand. Certainly a similar situation occurred in 2005 ..

Another drag of course is the economy and serious situation with our financial markets. Hopefully over the course of the next few years our economy will return to a growth status and our economy in the USA may return to a healthy status.

If you want to explore available 2nd homes, primary residential properties or a beach rental investment, you will find qualified real estate agents in our Ocean City MD and Coastal Delaware Real Estate Center

Should you travel to Ocean City Maryland for a weekend get-a-way – you will find the Best Ocean City MD Hotel Rates here! ( Guaranteed )

If you wish to RENT a condo during the summer for a vacation .. click here and visit our Vacation Rentals Ocean City Md and Coastal Delaware including Fenwick Island, Bethany Beach and Rehoboth Beach Delaware to help you get started.

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Summer has passed – Fall 2008 is here – Ocean City Md – International Student Workers

September 26th, 2008

Students wait for Bus Enroute To JFK Airport from OC MD

Students wait for Bus Enroute To JFK Airport

The first day of fall fell on Monday, September 22, 2008 this year and in Ocean City Md the international students were departing throughout the month. This really signals the end of the summer season and for the international student workers a return to their homeland and school. The students here wait for the bus in Ocean City Md at 6:00 AM in the morning to take them to JFK airport in New York City.
Students Boarding the bus in Ocean City Md

Students Boarding the bus in Ocean City Md

I am sure there were many tears from the students as many of them had a great adventure in our city, and some will want to return. Yes .. they mostly worked 2 jobs every day. they started their first job maybe at 7 Am .. finished it at 4 PM and started a 2nd evening job at 5 PM until midnight or beyond often.

Bus departs Ocean City Md for JFK Airport New York

Bus departs Ocean City Md for JFK Airport New York

They also hopefully were able to use some of their earnings to visit the Nation’s capital in Washington DC., get in a side trip to New York City and for some even more adventure to Niagara Falls NY and Las Vegas before returning to their homeland.

From my perspective on the summer .. we saw fewer students from Eastern Europe .. probably fewer from other countries as well! .. it was just as well, as the economy was sagging and tourism visitors were fewer .. therefore employers in Ocean City Md and the Delaware Coastal Resorts needed fewer employees during the summer season of 2008. Also, the US Dollar doesn’t exchange as well now therefore E European students earn less than in previous years, and students can opt for summer jobs in other E European countries where they earn as much or more. Let’s hope that 2009 offers a recovering economy and an upward trend in tourism to coastal Maryland and Delaware. Certainly the area offers a great Summer Work Experience for Foreign Student Workers. It’s proximity to Washington DC, Baltimore and New York City provide most the opportunity to do some great sight seeing during their summer months At The Beach in Ocean City MD or the Delaware Coast.

I trust our Guide for Visiting International Student Workers to Ocean City MD and Fenwick and Bethany Beach DE areas is helpful for student visitors. We welcome your feedback and always appreciate your assistance in keeping this guide up to date.

Should you travel to Ocean City Maryland for a weekend get-a-way – you will find the Best Ocean City MD Hotel Rates here! ( Guaranteed )

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Fishing At The Beach – Ocean City MD – Assateague Island – Coastal Delaware

May 11th, 2008

Fishing Ocean City MD Sept 2007A popular recreation for locals and visitors alike – FISHING at the Beach ! Ocean City Md – Assateague Island and the Coastal Delaware State Parks Areas! Ocean and Bay Fishing ! Off shore Charter boats, bay charter boats, and just fishing from your own boat or from the shoreline or bridge or inlet jetty! TAKE A KID FISHING during your vacation! An experience for the family if you haven’t ventured yet to a fishing trip.

If you are vacationing and don’t have Rod n Reel .. well you can rent the gear for a few days or one day! Try Oyster Bay Tackle .. 116th ST Ocean City Md – Fenwick Tackle – Ocean Side Fenwick Island DE for equipment bait and tackle needs and fishing tips!

In the spring, summer and fall months fishing enthusiasts can try to catch their dinner from the surf on the beaches of Delaware and Maryland, the Inlet Jetty’s of Ocean City MD and Indian River Delaware and from the Inland Bays. Offshore fishing in the Atlantic is popular for those with ocean going size and equipment. One can always check up on the current fishing activity by reading the weekly FISHING REPORT – MARYLAND AND DELAWARE authored by Sue Foster of Oyster Bay Tackle. Species caught and methods used will vary by season.

In the spring the fishing activity usually commences in early to mid April with the arrival of the bluefish in the atlantic surf. Other species caught from the surf follow including Stripers, Seabass, Whiting – Kingfish, and a few other species. Bay fishing will heat up in June with catches of flounder, and July brings other species including Croaker and Seabass into the bay. Bay fishing is usually done by boat, however there are bulkheaded fishing areas in Ocean City MD – 4th to 5th St and the Bay.

Take a kid fishing too! Even if you don’t catch your dinner, you will enjoy the outdoors and relaxation, and pure enjoyment on the water and bring knowledge and fun for a child!

You can visit the At The Beach Fishing Center … Covering Coastal Ocean City MD and Coastal Delaware Beaches ..

and check out the Ocean City Md and Coastal Delaware Fish Talk Forum - At The Beach

Should you travel to Ocean City Maryland for a weekend get-a-way – you will find the Best Ocean City MD Hotel Rates here! ( Guaranteed )

You may find some of the scenic photos enjoyable which I have uploaded to the At The Beach Photo Gallery over the past 2 years .. CLICK HERE TO BROWSE THE Ocean City MD and Coastal Delaware Gallery of Photos.

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Vacationing At The Beach – Ocean City MD – Delaware Seashore … Some off the beach things to do!

April 14th, 2008

Ocean City Md Atlantic Ocean Beach - Scenic in the FallAnyone who has visited the coastal Delaware, Ocean City MD or Assateague Island beaches knows that the Atlantic beach experience here is great, with pristine clean beaches, life guards, and FREE PARKING.. (usually) but there are other reasons to consider the Coastal MD and Delaware Atlantic Coast as a reason to vacation here!

I will list a few of those ‘ OTHER On and Off the beach Ocean City MD EXPERIENCES ‘ here.

Northside Park, Ocean City MDCLOUDY DAYS – OR – JUST A CHANGE OF PACE FROM THE SANDY BEACH: Then Northside Park, 127th St on the Bayside in Ocean City MD. CLICK HERE FOR GOOGLE LOCATION MAP is a great respite and offers views of the bayside environment, plus a crabbing Pier, saltwater pond, ducks, geese and other shorebirds a plenty.
There are picnic tables, pond side benches, shade trees, childrens playgrounds, basketball, baseball, etc.. and a wonderful circular paved roadway around the park for jogging, roller blading, biking or just a nice walk. BRING a picnic lunch, a blanket and and enjoy the greenery and open space. PARKING IS FREE, however buses run frequently from the North and Southerly portions of Ocean City Md and the Park is only one block from the Coastal Hwy. Starting July 13th, you and family can enjoy SUNDAES IN THE PARK, every sunday beginning at 6:00 PM to 8:00 PM and enjoy ice cream sundaes and live entertainment. Bring a foldable beach chair to enhance your comfort while being entertained by the musicians. CLICK HERE TO READ A DETAILED BLOG about Northside Park in Ocean City MD. CLICK HERE To check out other Ocean City MD Events.

Canoeing the Pocomoke River, Snow Hill MDCanoing and Kayaking: Nearby adventures for you and your children – spouse – friend ..
Experience the quiet adventure on a Canoe paddling trip on the Pocomoke River, Snow Hill MD .. only a 40 mins drive from Ocean City Md and maybe just 10 mins more from most Southerly Delaware coastal Communities.
Pocomoke River Canoe Company – Snow Hill Md : http://www.atbeach.com/amuse/md/canoe/ …. We did a canoe trip last spring in late June or early July, and I have posted a blog there previous so you may see some of that experience. CLICK HERE .. to read that Pocomoke River Article..
We returned in July 2008 – and I took a couple of video’s while paddling the Pocomoke River from the Pocomoke River Canoe Company in Snow Hill MD. CLICK HERE TO VIEW THE POCOMOKE RIVER CANOEING VIDEOS.
Coastal Kayak, Fenwick Island Delaware - Hobie Cat Sailboat ..AND Sailboating and Kayaking: Fenwick Island DE … ( Fenwick Island DE is just a few minutes northerly of Ocean City Md on the Coastal Hwy, so it’s a quick drive there from Ocean City MD.) Paddle the Little Assawoman Bay – in a kayak or enjoy sailing the bay with a sail above your head! Located directly across from the Fenwick Delaware State Park .. Coastal Kayak, www.c-kayak.com. We routinely make a visit or two to the Coastal Kayak during the spring, summer or fall. They offer wonderful kayaking adventures for 1, 2 or many and expecially for the young and family, it is a wonderful adventure for everyone to TAKE TO THE WATER and paddle out onto the Little Assawoman Bay, situated to the west of Fenwick Island Delaware.

From the tower at Assawoman wildlife preserve, a panoramic view of the Little Assawoman Bay, near Fenwick Island DEAnother neat little half day trip .. Explore the Assawoman Wildlife Preserve .. just a short drive from Ocean City Md and Coastal Delaware .. an off the road adventure with wilderness abounding !
Assawomen Wildlife Nature Preserve, near Fenwick Island De and Ocean City Md.

Assateague Island Pony - Assateague Island National SeashoreOf course – don’t fail to consider a trip to Assateague Island . TAKE THE KIDS - National Seashore Park . also a short auto drive from Ocean City Md and the Coastal Delaware Beaches .. Here is a recent blog after a visit to Assateague, from last spring of 2007 .. Assateague Island National Seashore Park – … and another blog from a trip to Assateague Island during the Winter of 2008 ..

We also took some video’s in July 2008 of Assateague Island and you can CLICK HERE TO VIEW THE VIDEO’S OF ASSATEAGUE ISLAND NATIONAL SEASHORE.

Art League of Ocean City Md - Events and Exhibits for everyone ! ..The ARTS in Ocean City MD – Events and Exhibits for our youth and senior citizens (and all others in between) . ” Quote from their web site- “Activities are available for every age and all skill levels — from children’s exhibits to professional workshops and shows to museum excursions and group outings. Monthly receptions offer an opportunity to socialize, enjoy and appreciate both artistic and culinary creations. We award an annual scholarship to a Stephen Decatur High School graduating senior who wishes to pursue an education in the arts. ” click this link to jump over to their web site for more information, events schedule, location, and more!

I’ll return to this topic in the future… and add to the adventure and THINGS TO EXPERIENCE off the beach that one can enjoy along the coastal Maryland and Delaware Beaches .. Your vacation or day trip to the Eastern Shore of Maryland and Delaware can often include these type of adventures and experiences – especially for the children, who relish such education and enjoyment of our natural resources in Maryland and Delaware …

I welcome your comments – thoughts – and feedback on this article.

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Should you travel to Ocean City Maryland for a weekend get-a-way – you will find the Best Ocean City MD Hotel Rates here! ( Guaranteed )

You may find some of the scenic photos enjoyable which I have uploaded to the At The Beach Photo Gallery over the past 2 years .. CLICK HERE TO BROWSE THE Ocean City MD and Coastal Delaware Gallery of Photos.

Have a comment? Visitors are welcome to register and advance this topic, offer other views, etc.. You MUST FIRST REGISTER, AND A PASSWORD WILL BE EMAILED TO YOU: Simply CLICK HERE to login or CLICK HERE to register so that you may post a comment.

Ocean City MD Condominium sales – Jan – Feb – March 2008 Trends

April 5th, 2008

New Condominium Sales Contracts Ocean City MD, March 2008Ocean City Maryland’s condominium sales have continued on a downward trend through the 1st quarter of 2008. The source data comes from the Coastal Association of REALTORS MLS Ocean City MD data. The bottom of this market apparently has yet to be seen! Obviously at some point in time, economic and other market conditions, along with lowered condo asking prices will meet the conditions of buyers and the purchasing activity will reverse the downward trend. The majority of the condo’s are 2nd vacation homes or rental investment properties or a combination of both. In March of 2007, there was reported 101 new contracts of sale, compared to 66 new contracts of sale in March of 2008. This would be compared to over 150 new contracts of sale in March of 2005.

Ocean City MD Condominium under construction, 2008Condominum Listings of available properties on the market for sale in Ocean City MD have now been on an increase for the past 3 months. More inventory and fewer buyers? MLS data reports 1,726 condos on the market in Ocean City MD and this does not include many new construction condos now under construction or ready for occupancy and vacant units and being marketed solely by the developer.

Ocean City MD Skyline View of HighRisesIf you are in the market for a 2nd home At The Beach – or a rental investment of LONG TERM NATURE, then it may be a good time to investigate and consider such a purchase, obviously making sure the investment is within your economic means! Surely there will be many condo’s now discounted heavily in selling price with anxious sellers motivated to discount their selling prices. My advice then is to consult with an experience Real Estate Agent, who will represent you as a BUYERS AGENT exclusively. You will find pedominantly experienced agents listed on our Real Estate Agents for Ocean City MD and the Delaware Coast Regions.

Real Estate is a long term investment – A place at the beach can also allow you to enjoy your investment and derive some tax benefits from the rental income as well if you choose to rent it during the summer during periods of non use by you!

I hope this is of some help for those seeking a Vacation Condo or Home Get A Way on the Ocean or Bays of Ocean City Md and Coastal Delaware.

I welcome your comments – thoughts – and feedback on this article.

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