Browsing All posts tagged under »Real estate«

Ocean City Warms Up For Summer With Springfest (Plus Slideshow)

May 1, 2011


Ocean City Season, 2011 Many years ago, in the 1970s, we opened the Boardwalk 5 & 10 for Easter weekend, but rarely saw much business in Ocean City before Memorial Day weekend. In those days, the season began on the Friday before Memorial Day, and ended promptly at noon on Labor Day. These days, the […]

Ocean City Landmark To Be Auctioned April 29

April 15, 2011


The Cropper Concrete plant, which has greeted residents and visitors to Ocean City, Maryland, for as long as I can remember, will be sold at auction on Friday, April 29, at 11 a.m. Bring a $400,000 deposit. The property is owned by the estate of George Bert Cropper. The 3.8-acre, bay-front property will be sold as-is, no […]

Economic Status Report, Spring 2010

April 12, 2010


In New York, the Dow-Jones closed above 11,000 today, and the Newsweek cover proclaims “America’s Back!” Maybe so. But one Ocean City businessman told me today: The recovery is affecting Wall Street, and a little recovery might be trickling down to Main Street, but recovery hasn’t started on the side street.” I’ve been looking for […]

Condo Auctions In Ocean City, MD

March 8, 2010


Will the recent pre-spring condo auctions establish a bottom, or a floor, for condo prices in Ocean City, Maryland? I hope so, but I do not know. All 20 condos offered for sale at the Bahia Vista I and II, on Edgewater Avenue between 10th and 11th Streets, were reported sold at two auctions, one […]

Makai Condos Still Available

February 17, 2010


The Makai condo auction in Ocean City generated a modicum of interest this past November.  Some condos were sold, and some remain available. Three months after the Makai auction, a sign in front of the property advertises condos starting at $135,000. The Makai is on Coastal Highway in Ocean City, just north of the Convention […]

Ocean City Condo Auctions Set for Feb. 27, 2010

February 15, 2010


Dueling Auctions for Bahai Vista Two Auctions — Same Day, Same Time, Different Place It could only happen in Ocean City, Maryland. Beautiful new three- and four-bedroom condominiums at the Bahia Vista I and II, on Edgewater Avenue between 10th Street and 11th Street in Ocean City, are scheduled to be sold by competing auctioneers […]

Ocean City Plans To Eliminate Jobs And Reorganize Town Government

January 26, 2010


Ocean City will offer 84 town employees incentives to retire this year in a continuing effort to downsize the town’s work force and cut the budget. At budget time last year, Ocean City used many one-time savings measures and a hiring freeze to keep spending in line with falling real estate tax revenues. In addition, […]

2010 – Year of Real Estate Growth in Montgomery County?

January 15, 2010


My sister, Eileen, who is a Realtor, knows a lot more about real estate than I do. She is somewhat optimistic about the outlook for residential real estate in the Washington suburbs during 2010. You can learn more about Maryland real estate at Eileen’s Web site, I suspect Eileen is correct, at least regarding […]

Five Dismal Economic Indicators for 2010

December 29, 2009


The past two years have been punishing for businesses and consumers, probably the most painful years since the Great Depression. Things CAN ONLY IMPROVE in 2010, don’t you think? Not so fast. We yearn, in our heart of  hearts, to return to the comfortable status quo ante. Let the good times roll! Can’t we all […]

Makai Condo Auction Sales Results in Ocean City, MD

November 30, 2009


This just in! I’ve spoken with real estate auctioneer Daniel DeCaro this morning, and here are the results of Saturday’s auction at the Makai Condominium, 42nd Street and Coastal Highway in Ocean City, Maryland. 21 condos were sold by DeCaro Real Estate Auctions Inc. before and during Saturday’s auction, Mr. DeCaro said. Six were sold prior to […]