Wrap Up of Happenings in Cecil County Real Estate - June 30, 2011

Including Chesapeake City, Earleville, Elkton, & North East.

Here is my Blog  Wrap Up for the month of June of my ramblings about local happenings in Cecil County with a focus on Real Estate. If you didn't get to see them, here they are. Visit us on the web anytime at our Web Site

 

 

 

 


 

 

 

 

June 17, 2011

 

 

1166 Oldfield Point Rd Elkton MD Water Access Home for Sale-

Elkmore Water Access Neighborhood

~~Open House~~

Saturday June 18, 2011 - 11:00 AM - 2:00 PM

This Updated 3 bedroom 3 bath Elkton MD Bi-level  is located on a large corner lot in the Water Access Community of Elkmore. The Owner has updated the property with New Paint ,Carpet, and Flooring. There is a spacious Living area on the main level . The Main level also has the Master Bedroom with bath and 2 other good sized bedrooms. The home has Kitchens on both the main and lower levels, so property can be used as a 3 bedroom home with an efficiency, or turn the lower level into family room. The Community has community area, boat ramp and water access. 

1166 Oldfield Point Rd Elkton MD Water Access Home for Sale in Waterfront Community of Elkmore

More Details, Pics and MLS Access

Veiw All Elkton MD MLS Homes for Sale

Elkmore is located in Southern Elkton down Oldfield Point Rd. It is a water access community of more then 60 homes mostly built in the late 70's. The community has beach and boat ramp and community area. There is also a pier association for the pier located on the community property. 

Web Link: 1166 Oldfield Point Rd Elkton MD 

Susan Hubbell REALTOR® - of the The "Bay Property Team", Selling Cecil County Waterfront  - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381 (Equal Housing Opportunity (O)-1-(410)-398-9000)

 

 

 

 


 

 

 

 

June 20,2011

 

May 2011 Elkton MD Real Estate Statistics

For Zip Code 21921

May sales for Elkton MD continued on an upward trend to 35 properties. We have been seeing this trend since February . It appears this may continue in June and beyond based on the pending contracts made a modest increase. This may be seasonal increases but there is positive signs for the next few months. 

 

 

May 2011 Closed Sales Elkton MD Real Estate for zip 21921

Sales however are still below 2010 Levels

Elkton MD Sales Comparitive for May 2011 for zip code 21921

New Listing Volume was weak again which is a positive note for existing sellers. As we clear inventory, prices should stabilize and entice more buyer activity, especially with rates so low.

Elkton MD MLS Listings for zip 21921

Overall Elkton Remains the strongest area for the whold county accounting for almost half the sales in the Month of May!

All Real Estate Listed for Sale in Cecil County MD as of April 30,2011

The Bottom Line:

We should start to see some price stabilization, for now...But there are some signs that the large financial institutions will begin putting foreclosures on the market again. Word is that they will be placing them on the market in a staged approach, (a few a month) so as not to de-stabilize the market. Only time will tell.

 

 

Steve Hubbell, Realtor®  - Internet Marketing Specialist - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381

 

 

 

 


 

 

 

 

June 21, 2011

 

 

Local Happenings in Cecil County MD This Week

Wow! This is a very busy week for some really cool things to do in Cecil County!

 

Elkton Classic Car Show

This Thursday June 23rd from 5 - 8 pm the town of Elkton will close down North and Main Streets to display many classic Cars. If you are a Car Buff, or just want a nice eevening walk through Elkton, Come Join Us! The Chamber of Commerce Website describes the event;

"Door prizes, Trophies, 50/50’s, Live Entertainment by OFB (Classic & Contemporary Rock & Blues). Food will be available to purchase. No cost to register. Cars can start parking after 3 PM. For more information contact the Elkton Chamber & Alliance at 410-398-5076."

24th Annual
Mid-Atlantic Chevelle Show and Swap Meet

On Saturday and Sunday, June 25 & 26, another Classic Car Event! This is in North East at the Community Park. It is billed as the largest collection of Classic Chevelles on the East Coast. Sounds like fun. Hope you can Make it The event is hosted by the Maryland Chevelle Club and they describe the event as;

 

"Make plans to join us for another spectacular Chevelle Show. The "Largest Gathering of Chevelles on the East Coast" is on the books for June 25 & 26, 2011 at the North East Community Park in North East, Maryland.  Located off exit 100 from I-95, it is centrally located in the town.  North East Community Park is right on the Chesapeake Bay and provides a perfect picturesque background.

This will be the 14th year for the MCC to host an ACES Northeast Regional event!  On hand will be our good friend Chuck Hanson, President of ACES (and Retired Co-Host of Horsepower TV)."

Canal Day

Chesapeake City is Hosting the Annual Canal Day on Saturday June 25. Quite a destination for boaters and tourists alike. Visit the Chesapeake City Tourism Website for details. Their site describes the event;

 

 

"Arts Abound!

A Newly-Envisioned Festival 
Artists, Music, Food And Family Fun
In An Historic Waterside Setting


Beautiful Bohemia Avenue & George Street
Historic South Chesapeake City, MD 21915

New!
A Whole Children’s Block
Fun Zone & Moon Bounce!

Sponsored by the Chesapeake City District Civic Association
proceeds support funding the Chesapeake City Museum Project 

information
Mary Unruh 410-885-5262 MaryUnruh@Verizon.net"

Its going to be quite a Summer Weekend Here. Stop by and see all that Cecil County has to Offer!

 

Susan Hubbell REALTOR® - of the The "Bay Property Team", Selling Cecil County Waterfront  - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381 (Equal Housing Opportunity (O)-1-(410)-398-9000)

 

 

 

 


 

 

 

 

June 23, 2011

 

 

May 2011 Chesapeake City MD Real Estate Statistics

For Zip Code 21915

May sales for Chesapeake City MD continued to be very weak with only 3 properties selling. Even though this is an improvement over the rest of the year, sellers can take no comfort that the market in Chesapeake City has improved. The fact remains, only5 properties have sold in the 1st 5 months! There are however 8 pending sales in the zip code which should show a seasonal uptick for the next couple of months. 

 

 

May 2011 Closed Sales Chesapeake City MD Real Estate for zip 21915

Total Sales however are still below 2010 Levels

Chesapeake City MD Sales Comparitive for May 2011 for zip code 21915

New Listing Volume was weak again which is a positive note for existing sellers. As we clear inventory, prices should stabilize and entice more buyer activity, especially with rates so low.

Chesapeake City MD MLS Listings for zip 21915

Overall Chesapeake City Remains one of the weakest areas for the whole county.

All Real Estate Market Activity in Cecil County MD as of May 31,2011

The Bottom Line:

We should start to see some price stabilization, for now...But there are some signs that the large financial institutions will begin putting foreclosures on the market again. Word is that they will be placing them on the market in a staged approach, (a few a month) so as not to de-stabilize the market. Only time will tell.

 

 

Steve Hubbell, Realtor®  - Internet Marketing Specialist - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381

 

 

 

 


 

 

 

 

June 25, 2011

 

 

 200 3rd Street Chesapeake City MD Home for Sale

 

In Town Chesapeake City MD

 

 This Chesapeake City MD Home has a View of the C&D Canal from. Watch the BIG SHIPS from around the world from enclosed wrap around porch and roof top view from the Captains Walk. Plenty of room for a growing family with 4 Bedrooms and 3.5 Baths. Just steps to Chesapeake City Elementary School and downtown Chesapeake City MD.  Come enjoy a life style that most people only dream of. It's like stepping back in time where relaxing on front porches is a favorite pass time. Where neighbors pass by and chat as they stroll down our lovely streets to the waters edge for ice cream, dining at one of our many fine restaurants, visiting quaint shops, fishing, or simply watching a ship pass by.

 200 3rd St Chesapeake City MD Home for Sale

More Details, Pics & MLS Access

Chesapeake City is divided by the Historic C & D Canal which connects the Elk River and the Upper Chesapeake Bay to the Delaware River. The South Side of the Town has many Historic Shops, B & B's, and Restaurants that range from Casual Boaters Dining to Fine Dining. The North Side is mostly residential with a combination of newer town homes and Condo's to Historic Canal Front Homes. A great destination by Boat or Car!

Search all Chesapeake City MLS Homes for Sale

Web Link: 200 3rd Streed Chesapeake City MD Home for Sale

Patty McCool REALTOR®  - Patty joined The "Bay Property Team" in 2009 to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (877)-873-4522

 

 

 

 


 

 

 

 

June 27, 2011

 

 

May 2011 Earleville MD Real Estate Statistics

For Zip Code 21919

May sales for Earleville MD continued to be very weak with only 1 property selling. Even though this is a very weak number, so far this year is better then last. A total of 10 properties have sold since the beginning of the year! There are a total of 10 pending sales in the zip code which should show a seasonal uptick for the next couple of months. 

 

 

May 2011 Closed Sales Chesapeake City MD Real Estate for zip 21915

Total Sales (10) are just above 2010 Levels (8)

Chesapeake City MD Sales Comparitive for May 2011 for zip code 21915

Listing Inventory has remained steady (76), however that translates to over 3 Years worth of inventory!

Chesapeake City MD MLS Listings for zip 21915

Overall Earleville Remains one of the weakest areas for the whole county.

All Real Estate Market Activity in Cecil County MD as of May 31,2011

The Bottom Line:

We should start to see some price stabilization, for now...But there are some signs that the large financial institutions will begin putting foreclosures on the market again. Word is that they will be placing them on the market in a staged approach, (a few a month) so as not to de-stabilize the market. Only time will tell.

 

 

Steve Hubbell, Realtor®  - Internet Marketing Specialist - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381

 

 

 

 


 

 

 

 

June 28, 2011

 

 

For The

Cecil County Real Estate Market

as of

June 25, 2011

Susan and I met with Alex Szep with MetLife Mortgage and were very impressed with his program. He has been in the Mortgage Business for 17 years and now has an office in Newark DE. He will soon be opening an office in North East MD to service the Cecil County Market. He has committed to send me regular Rate and Mortgage Information that is relevant to the area and I will share it with you. Here is the 1st of what I hope are many "Mortgage Updates" for your information, Alex wrote:

 

"Financial Reasons to Buy

There are a number of personal and emotional reasons to buy a home. But there are also some strong financial reasons to make the investment. Here are just a few of those reasons:

Increase Net Worth: Few things have a greater impact on net worth than owning a home. In a comparison of renters versus homeowners, the Federal Reserve Board of Consumer Finance found that the average net worth of renters was just $4,000 compared to homeowners at $184,400.

A Big Tax Deduction: One of the largest tax deductions available is the amount of interest paid on a mortgage. In fact, a $150,000 home at a 5.50% interest rate can add up to approximately $8,000 in first year's interest. This amounts to a significant savings – effectively reducing the amount of a homeowner's monthly mortgage payment.

Long-Term Appreciation: Over the last few years, home prices have corrected and become more affordable. While that's good news for potential buyers, it has overshadowed the long-term appreciation of a home's value. The reality is, despite market ups and downs between 1950 and 2002, US home prices appreciated at an annual growth rate of 4.8%. Even if you calculate a modest appreciation of 3%, a home purchased today for $150,000 will grow in value to $364,000 over 30 years."

 

Alexander Szep
Sr. Mortgage Consultant
MetLife Home Loans
Phone: (302) 533-3861
Fax: (866) 669-5868

aszep@metlife.com
www.alexszep.com
 


 

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Saturday, 25th June, 2011:
  Term Conforming APR Payment per
$1,000
Jumbo APR Payment per
$1,000
Arm Reset Term
Conforming 30 Yr Fixed 360 4.625% 4.651% $5.14 % % $0.00 -
FHA/VA 30 Year Fixed 360 4.500% 5.231% $5.07 % % $0.00 -
FHA 5/1 ARM 360 3.250% 2.880% $4.35 % % $0.00 60
FHA 3/1 ARM 360 3.000% 2.727% $4.22 % % $0.00 36
USDA 360 4.5% 4.866% $5.07 % % $0.00 -
DSHA FHA With SMAL 360 4.75% 5.378% $5.22 % % $0.00 -
Jumbo 30 Yr Fixed 360 % % $0.00 5.125% 5.225% $5.44 -
Jumbo 7/1 ARM 360 % % $0.00 4.125% 3.553% $4.85 84
JUMBO 5/1 ARM 360 % % $0.00 3.750% 3.288% $4.63 60
 

 

*Rates are subject to change due to market fluctuations and borrower's eligibility.***Equal Housing Lender

 

Steve Hubbell, Realtor®  - Internet Marketing Specialist - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381

If you enjoyed this post, why not connect with me in these other communities?

Facebook Link for the Bay Property Team       You Tube Button for the Bay Property Team ChannelYou Tube Channel for the Bay Property Team

  If you are interested in Waterfront or Water Access Properties in Cecil County MD, Visit our Web Site!

 

 

 

 

 


 

 

 

 

June 29, 2011

 

 

Local Happenings in Cecil County MD This Week

It's July 4th Weekend...There is stuff Going on Everywhere!

 

Chesapeake City MD Fireworks

Start of the July 4th weekend in Style at the Chesapeake City Celebration on Friday Night July 1st starting at 5:00 pm. Fireworks are at Dusk...Come Early! The Community Web Site descrbes the event as:

"Come and enjoy food and music in Pell Gardens 5-9pm. Bring a blanket and have dinner in the Pell Gardens... Hot dogs, hamburgers, crab cakes, pulled pork, sausages, soda and water by the Bayard House, Chesapeake Inn, Bohemia Cafe. 

Music from 6-8pm by Jim Bellin. 

BLUECOAT GIN tasting at the Bayard House Restaurant 6-8pm. 

Fireworks will be set off from the north side and viewed from the south side. Parking available. Bring your family and enjoy the show! Sponsored by the Historic Chesapeake City Merchant's Association.
."

North East MD Fireworks

On  Sunday, July 3rd, the town of North East will hold its annual Salute to Cecil County Veterans the Town Web Site describes the event as: 

 

 

"SALUTE TO CECIL COUNTY VETERANS, INC.

JULY 3, 2010 CELEBRATION

NORTH EAST COMMUNITY PARK

PARK OPENS AT 5:00 PM

MUSIC, MILITARY DISPLAY, FOOD, FIREWORKS 

Shuttle Buses will run from North East Station (intersection of Rt. 40 and Rt. 272) to the North East Community Park beginning at 4:45 PM.  The last bus leaves at 8:45 PM."

Elkton MD Fireworks

On Monday July 4th, Elkton MD will hold their event in Meadow Park. The Cecil County Tourisim Office Describes the event as:

 "Food vendors and live music beginning at 7pm.  Fireworks will begin at dark (between 9pm & 9:15pm).  Free parking available in the park.  Delaware Avenue will close to vehicle parking at 8:30 pm.  Free event and handicap accessible.

Contact:  410-620-7964"

 

Sassafras River Fireworks

 Also on July 4th, If you are in the Souther part of Cecil County there is a great display in Georgetown just over the Sassafras River Bridge. This onw we have attended several times and is worth the trip. The Kent County Tourism Office describes the event as:

"Dress your boat and yourself up and come join us in our annual boat parade. Great Fun for entire family. then at dusk join us for Fireworks to be displayed over the river in the harbor"

 

Its going to be quite a Summer Weekend Here. Stop by and see all that Cecil County has to Offer!

 

Susan Hubbell REALTOR® - of the The "Bay Property Team", Selling Cecil County Waterfront  - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381 (Equal Housing Opportunity (O)-1-(410)-398-9000)

If you enjoyed this post, why not connect with me in these other communities?

Facebook Link for the Bay Property Team       You Tube Button for the Bay Property Team ChannelYou Tube Channel for the Bay Property Team

  If you are interested in Waterfront or Water Access Properties in Cecil County MD, Visit our Web Site!

 

 

 

 

 


 

 

 

 

June 30, 2011

 

Another Major Price Reduction!

Owner Wants Property SOLD!

127 Cliffview Dr North East MD Water Access Home for Sale

Chesapeake Isles - A Cecil County Waterfront Community

  This North East MD Water Access Home is Better than Waterfront! There are Commanding views of the Elk River from this spacious 4 Bedroom 2.5 Bath custom built home. The interior offers access to tiered decks with custom awnings and privacy screen on the Hot Tub from the Kitchen, Dinning, and Master. The decks overlook the community beach with all its amenities including mooring. Chesapeake Isles allows boaters the quickest access to the Upper Chesapeake Bay. Located only minutes from Elk Neck State Park and Historic Turkey Point Lighthouse.

 
 
127 Cliffview Dr North East MD Waterfront Home for Sale
 

 

 

Chesapeake Isles is a Cecil County Waterfront Community located at the end of the Elk River on the Upper Chesapeake Bay. It is a community of traditional homes that range from the upper $100's and up. Located at the end of Elk Neck in North East surrounded by the Elk Neck State Park and Turkey Point Light. A great destination for those looking for a Waterfront Getaway. Only 45 Minutes from Aberdeen Proving Grounds.

 

 

 

 


 

 

 

 

Patty McCool REALTOR®  - Patty joined The "Bay Property Team" in 2009 to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (877)-873-4522 

 

 

 

 


 

 

 

 

If you enjoyed this post, why not connect with me in these other communities?

Facebook Link for the Bay Property Team       You Tube Button for the Bay Property Team ChannelYou Tube Channel for the Bay Property Team

  If you are interested in Waterfront or Water Access Properties in Cecil County MD, Visit our Web Site!

 

 

 

 

 

 

 


 

 

 

 

 

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