A Week In Business

Contracts Trend Up

BERLIN – The local real estate market rounded out the end of 2014 with increasing contract – or pending sales – numbers, continuing a trend that held steady throughout the year.

According to the latest figures from the Coastal Association of REALTORS® (CAR), single family home contract signings across the Tri-County area saw a 44.3-percent jump in December, compared to the same time the previous year. CAR’s data reflects contract increases during each month of 2014 except for May, which saw a 6-percent decrease. Compared to 2013, 2014 as a whole saw a 16-percent increase in contract signings.

Settlement numbers were up 27.3 percent in December, and 11 percent throughout the entirety of 2014. Settlements numbers seesawed throughout 2014, with some months up and others down. There are various reasons that contracts do not make it to settlement.

“It could be that the appraisal doesn’t meet the contract price, but what we’re really seeing are stringent lending rules and regulations that are at times restrictive on getting deals to the settlement table,” said Terrence McGowan, a member of the CAR board of directors and a REALTOR® with Berkshire Hathaway Home Services PenFed Realty. “I think we’re going to continue to see this trend at least through the first quarter of the year. But increasing contracts and other activity shows that foot traffic is up, in the primary and secondary residence areas. People are coming here and they’re looking.”

December’s statistics also reflected a decrease in the number of days that homes in the Tri-County area are staying on the market after they’re listed, which is promising for sellers hoping to move their homes quickly. Additionally, all three counties saw increases in the number of homes whose settlement price was closest to the listing price.

“Things are really looking up for the local real estate market, as demonstrated by the steady increases we saw in contracts and settlements,” said Sheila Dodson, executive director of CAR. “The numbers show that buyers and sellers are becoming more confident, while local REALTORS® are becoming more successful. It’s onward and upward has we head into 2015.”

 

New Foundation Leader

SALISBURY — By unanimous vote of the Board of Directors, Erica Joseph has been named president of the Community Foundation of the Eastern Shore (CFES).

Erica Joseph

Erica Joseph

Joseph replaces Doug Wilson, who retired from the position effective Dec. 31. Joseph, former CFES Vice President, Community Investment, begins her position immediately. Over the past 11 years with the Community Foundation, Joseph has exemplified her leadership ability by developing partnerships with local nonprofit organizations and connecting individual donors and corporations with community needs through charitable giving.

“With a professional staff and engaged board of directors, I am excited for the opportunity to serve my community and this wonderful organization in this capacity,” stated Joseph. “I see great possibilities for the future and am proud to be a part of the legacy established by the many volunteers, donors and leaders who have come before me.”

Melody Nelson, CFES Board Chairm added, “It is our distinct honor to be able to start a new year with Erica Joseph as our president. We have full confidence that she will be able to focus on the organization’s vision and lead the growth of the Foundation that our leaders over the past 30 years have implemented.”

 

Esther Harrell

Esther Harrell

Counselor Joins AGH

BERLIN – Atlantic General Hospital and Health System announced that Esther Harrell, LCPC, has joined their behavioral health program.

Harrell holds a license as a Licensed Clinical Professional Counselor from the Maryland State Board of Professional Counselors and Therapists. After receiving her bachelor’s degree from Hood College, she earned her master’s degree in clinical psychology from Loyola University Maryland.

 

 

Chef Promotion

FENWICK ISLAND — Scott Kammerer, president and CEO of SoDel Concepts, which has eight restaurants along the coast, recently announced the promotion of Scott Viselli to the chef position at Papa Grande’s Coastal Taqueria.

Scott Viselli

Scott Viselli

Viselli, started with SoDel Concepts in August 2013, when he joined the staff of Catch 54 in Fenwick Island.

“I knew from the moment I met Scott that he would be a great addition to the company, and I wanted to find a place for him,” Kammerer said. “His food is outstanding, and he’s a professional at every level.”

Viselli, who grew up in northern Virginia, cut his culinary teeth working in country clubs, and he later owned a seafood market and restaurant in his home state. He has recently worked at Two Seas in Dewey Beach, Rehoboth Seafood and The Globe in Berlin.

 

A Week In Business

New Doctor Announced BERLIN – Atlantic General Hospital and Health System has announced that Liezl Irisari, MD, has joined Atlantic General Women’s Health in Ocean Pines. Irisari’s experience includes a minimally invasive gynecologic surgery fellowship at St. Elizabeth’s Medical Center in Utica, N.Y., and a residency in obstetrics and gynecology at Penn State Milton S. Hershey Medical Center. She is … Continue reading

A Week In Business

New Location Announced BERLIN – Atlantic General Health System announced this week that Dr. Munna Garg and Dr. Danielle Orr will relocate their practices to the new Atlantic General Medical Center opening in West Ocean City on Route on Jan. 12. The physicians will be moving to the new space in an effort to better accommodate the growing patient population. … Continue reading

A Week In Business

Peninsula Regional Medical Center recently celebrated the 42-year career of Dr. Donald M. Wood, a cardiologist who was responsible for a great amount of growth and progress in cardiology on the Eastern Shore. Wood was presented with a plaque and portrait that will hang in PRMC’s Guerrieri Heart & Vascular Institute in his honor. He earned proclamations from the City … Continue reading

A Week In Business

Hospital’s Gets $850K For Achieving Status BERLIN –Atlantic General Hospital achieved Meaningful Use Stage 2 status this month and received funds for patient portal engagement in the amount of nearly $850,000 from the Centers for Medicaid and Medicare Services (CMS). AGH is one of only 164 hospitals in the country to achieve Stage 2. Meaningful use, by federal definition, is … Continue reading

A Week In Business

Apple Discount Drugs owner, Jeff Sherr was joined by his staff and members of the Salisbury and Fruitland Chambers of Commerce and members of the Salisbury City and Wicomico County Council, at a ribbon cutting ceremony this month to celebrate the opening of the new Apple store in the Pecan Square Shopping Center. Submitted Photo         New Analyst Announced WILLARDS … Continue reading

A Week In Business

First Shore Federal (FSF) representatives held a ribbon cutting for the new ATM machine installed by Gillis Gilkerson on the corner of the First Shore Federal downtown Salisbury branch location. Interior lobby renovations were also completed. Pictured, from left, are Terri Hargis, assistant vice president/assistant savings manager, FSF; Kenisha Warner, downtown teller, FSF; Erika Milbauer, customer  service representative, FSF; Lois … Continue reading

A Week In Business

Peninsula Home Care in Salisbury received a proclamation from Salisbury Mayor Jim Ireton in recognition of National Home Care Month. The proclamation encourages the support and participation of all citizens in learning more about the home care and hospice concepts of care for the elderly, disabled and infirm. Pictured, from left, are Jared Votta, PHC Physical Therapist; Nancy Bagwell, PHC … Continue reading

A Week In Business

Top Performer Status Earned BERLIN – Atlantic General Hospital has been recognized as a 2013 Top Performer on Key Quality Measures® by The Joint Commission, the leading accreditor of health care organizations in the United States. Atlantic General was recognized as part of The Joint Commission’s 2014 annual report “America’s Hospitals: Improving Quality and Safety,” for attaining and sustaining excellence … Continue reading

A Week In Business

Banks Awarded BERLIN — The Bank of Ocean City and Calvin B. Taylor Banking Company recently received an award from the Maryland Bankers Association (MBA) Financial Education Awards Program, which recognizes member institutions that have excelled in spreading financial education in the communities they service. The Bank of Ocean City and Calvin B. Taylor Bank were awarded second place in … Continue reading