Ocean City Real Estate Report - Nov. 2015

Ocean City and Ocean Pines Market Report
nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
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Property Search
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976
1028
1014
1059
1041
1107
1091
1095
1005
1054
1073
990
1126
1105
1112
1130
1108
1143
1113
1104
1062
985
1006
971
1004
997
979
1034
1000
952
1190
1126
1167
1114
1104
1200
1089
1400
1183
Ocean City
There are currently 976 condos, townhomes
and homes for sale in Ocean City, which is a
12% decrease from 2014.
1126
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
202
216
201
235
220
221
207
179
169
164
205
171
228
257
241
262
257
229
210
169
167
171
177
195
207
205
175
185
146
155
143
148
150
141
200
Search All Ocean Pines Listings
184
250
190
300
168
Ocean Pines
There are currently 202 homes, condos and
townhomes for sale in Ocean Pines, which is
an 11% decrease from 2014.
251
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O
12
13
14
15
100
50
0
12
13
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15
Active Listing Prices

550
348
355
352
356
346
344
342
350
341
337
330
348
350
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
343
353
351
350
354
351
400
362
450
362
500
362
Ocean City
The average price of active listings in Ocean
City is currently $348,000 and the median
active listing price is $288,000. The average
listing price for the year in Ocean City is
$347,000, which is unchanged from 2014.
350
300
250
200
150
12
13
14
15
550
500
338
339
336
340
339
331
336
338
340
315
331
319
325
321
331
321
333
339
348
338
332
320
315
309
327
320
325
325
320
330
336
321
316
315
350
320
400
322
450
316
Ocean Pines
The average price of active listings in Ocean
Pines is currently $338,000 and the median
listing price is $280,000. The average listing
price for the year in Ocean Pines is $335,000,
which is up slightly over 2014.
300
250
200
150
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Listing Updates Get new listings that match your specifications delivered to your inbox.
101
88
84
128
99
77
53
59
72
63
101
87
95
115
87
68
41
54
67
57
77
79
94
88
91
43
60
View Ocean Citys Sold Listings
84
82
55
67
80
72
100
89
120
96
140
113
120
160
92
Ocean City
101 Ocean City properties went to settlement
during October bringing the total number of
sold properties for the year in Ocean City to
914, which is a 9% increase in activity over
2014.
133
Sold Listing Volume
40
20
0
12
13
14
15
Ocean Pines
39 Ocean Pines properties went to settlement
sold listings for the year to 311, which is a 28%
increase in activity over 2014.
60
32
30
32
31
32
31
30
25
17
25
29
33
33
30
28
28
12
14
25
25
27
17
22
25
33
22
25
26
10
10
20
17
22
18
30
31
38
40
View Ocean Pines Sold Listings
39
42
50
10
0
12
13
14
15
Sold Listing Prices

500
258
299
281
301
285
291
286
286
303
277
293
288
325
251
267
298
263
293
295
263
260
275
266
307
307
338
306
306
316
279
293
300
275
281
300
350
284
400
294
450
282
Ocean City
The average sold price of properties that went
to settlement in Ocean City during October was
$258,000 and the median sold listing price was
$230,000. The average sold price for the year
in Ocean City is $287,000, which is a 3%
increase over 2014.
250
200
150
100
267
259
253
253
233
252
270
262
279
227
263
233
249
247
233
228
217
187
231
260
270
218
260
246
247
275
236
237
198
210
217
230
220
250
251
270
257
290
269
290
310
242
Ocean Pines
The average price of properties that went to
settlement in Ocean Pines during October was
$267,000 and the median sold listing price was
$215,000. The average sold listing price for
the year in Ocean Pines is $256,000, which is a
6% increase over 2014.
293
12
13
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15
190
170
150
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Sold Listings View MLS reports for recently sold properties, sorted by property location
Average Sold Price/Sq. Ft.

Ocean City
The average sold price per square foot in
Ocean City during October was $239 bringing
the average for the year in Ocean City to $249,
which is a 2% increase over 2014.
239
261
257
254
253
240
253
235
251
259
248
242
249
239
248
242
258
238
248
234
240
231
273
265
261
272
267
260
256
251
247
255
232
250
239
235
239
300
247
350
200
150
100
12
13
14
15
Ocean Pines
The average sold price per square foot in
Ocean Pines during October was $154 bringing
the average for the year to $148, which is
unchanged from 2014.
154
162
151
135
151
134
154
155
152
128
145
138
148
157
148
143
150
139
152
138
146
170
121
137
145
144
145
130
134
132
126
154
156
142
123
150
138
200
155
250
100
50
12
13
14
15
Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 11 months, which is a 3 month
improvement from this point in 2014.
30
25
20
15
14
15
13 13 13
14 14.5
15
12
11 11 11
12 12 12 12
13
14
15
14 14 14 14 14 14
13
12 12
13 13 13 13
12 12 12 12
11
10
5
0
12
13
14
15
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 6.5 months, which is a 3.5 month
improvement from this point in 2014.
11 11 11
12
10
8
10
9
10 10
9
8
8
7
7
6
8
7
8
7
6.5
7
6
8
7
6.5
6
4
2
0
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
12
13
14
J A S O
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
95%
95%
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95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
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94%
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95%
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94%
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95%
95%
94%
94%
94%
94%
93%
93%
96%
95%
98%
94%
100%
93%
Ocean City
Ocean City properties that went to settlement
during October sold on average at 95% of the
listing price. The sold to list price ratio for the
year in Ocean City is 95%, which is a 1%
improvement over 2014.
95%
Sold to List Price Ratios
94%
92%
90%
88%
86%
84%
82%
80%
98%
97%
97%
96%
96%
95%
96%
96%
94%
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95%
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96%
98%
96%
95%
96%
95%
96%
95%
96%
95%
95%
95%
95%
95%
94%
96%
94%
98%
95%
100%
94%
Ocean Pines
Ocean Pines properties that went to settlement
during October sold on average at 98% of the
listing price. The sold to list price ratio for the
year in Ocean Pines is 96%, which is
unchanged from 2014.
96%
12
13
14
15
94%
92%
90%
88%
86%
84%
82%
80%
12
13
14
15
168
161
151
140
198
181
155
181
178
170
166
156
200
158
152
205
143
156
244
145
195
198
134
141
169
111
104
160
194
144
126
145
145
81
153
500
450
400
350
300
250
200
150
100
50
0
103
Ocean City
Ocean City properties that went to settlement
during October averaged 168 days on the
market. Average days on the market for the
year in Ocean City are 168, which represents a
7% improvement over 2014.
117
Average Days on Market
12
13
14
15
197
96
90
98
138
110
134
122
169
185
125
90
130
118
115
150
101
97
156
143
157
128
118
129
89
84
100
92
89
150
109
123
164
167
173
156
200
163
184
250
40
Ocean Pines
Ocean Pines properties that went to settlement
during October averaged 96 days on the
market. Average days on market for the year
in Ocean Pines are 134, which represents a
7% increase from 2014.
50
0
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Community Pages Find all of the relevant information for each OC market area in one place
108
96
110
113
99
69
90
124
82
97
71
78
33
27
40
119
113
112
95
97
77
57
74
74
55
60
86
96
85
52
80
View Pending Sales in Ocean City
84
80
91
69
100
101
120
106
119
140
93
Ocean City
96 properties went under contract in Ocean
City during October bringing the total number of
pending listings for the year to 1010, which is a
10% increase in activity over 2014.
133
Under Contract Listing Volume
20
0
12
13
14
15
Ocean Pines
39 properties went under contract in Ocean
Pines during October bringing the total number
of pending listings for the year to 349, which is
a 16% increase in activity over 2014.
52
60
39
37
27
34
33
33
30
33
31
24
29
30
36
36
35
35
38
30
19
20
19
21
26
23
33
35
25
25
20
25
20
30
28
40
38
35
50
20
9
View Pending Sales in Ocean Pines
10
0
12
13
14
15
300
271
315
282
320
309
319
285
321
354
308
296
292
272
328
291
294
281
244
293
320
253
288
302
294
334
344
312
340
290
324
284
289
272
334
600
550
500
450
400
350
300
250
200
150
100
301
Ocean City
The average price of properties that went under
contract in Ocean City during October was
$300,000 and the median pending price was
$265,000. The average pending listing price
for the year in Ocean City is $303,000, which is
a 6% increase over 2014.
292
Under Contract Listing Prices
12
13
14
15
302
276
293
290
281
243
252
276
264
281
249
260
252
245
271
262
243
285
236
285
233
238
235
264
262
290
245
250
252
272
241
236
191
250
183
300
265
350
243
400
264
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during October was
$276,000 and the median pending listing price
was $235,000. The average pending listing
price for the year in Ocean Pines is $276,000,
which is an 8% increase over 2014.
200
150
100
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Blog Articles View helpful articles that can assist you with buying and selling real estate
183
142
140
123
126
183
146
167
148
89
75
58
100
71
View Ocean Citys New Listings
126
153
136
145
140
110
164
153
150
150
133
152
123
136
93
114
152
141
114
150
134
200
149
200
250
119
Ocean City
142 new properties were listed in Ocean City
new listings for the year in Ocean City to 1484,
which is a 3% increase over 2014.
189
New Listing Volume
50
0
35
38
45
41
36
41
53
52
24
21
11
19
27
33
36
39
41
51
41
34
25
32
34
32
40
12
20
10
23
30
28
40
View Ocean Pines New Listings
35
50
56
60
54
55
70
56
66
80
51
Ocean Pines
45 new properties were listed in Ocean Pines
new listings for the year to 444, which is a 4%
increase over 2014.
67
12
13
14
15
10
0
12
13
14
15
New Listing Prices
317
317
334
360
358
316
321
343
360
333
336
286
312
370
336
344
307
328
296
334
363
301
289
329
370
394
325
372
341
342
305
323
311
323
400
365
408
500
284
Ocean City
The average price of new listings in Ocean City
during October was $317,000 and the median
new listing price was $275,000. The average
new listing price for the year in Ocean City is
$336,000, which is unchanged from 2014.
300
200
100
12
13
14
15
300
292
333
329
309
307
306
327
353
262
302
268
281
264
318
325
276
325
334
324
361
280
315
336
360
285
335
283
314
302
306
204
300
272
294
400
323
359
500
258
Ocean Pines
The average price of new listings in Ocean
Pines during October was $300,000 and the
median new listing price was $249,000. The
average new listing price for the year in Ocean
Pines is $312,000, which is unchanged from
2014.
200
100
12
13
14
15

Ocean City Real Estate Report - Nov. 2015

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Ocean City Real Estate Report - Nov. 2015

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Ocean City and Ocean Pines Market Report

Search All Ocean City Listings

Search All Ocean Pines Listings

Active Listing Prices

Ocean City and Ocean Pines Market Report

View Ocean Citys Sold Listings

Sold Listing Volume

View Ocean Pines Sold Listings

Sold Listing Prices

Ocean City and Ocean Pines Market Report

Average Sold Price/Sq. Ft.

Ocean City and Ocean Pines Market Report

Sold to List Price Ratios

Average Days on Market

Ocean City and Ocean Pines Market Report

View Pending Sales in Ocean City

Under Contract Listing Volume

View Pending Sales in Ocean Pines

Under Contract Listing Prices

Ocean City and Ocean Pines Market Report

View Ocean Citys New Listings

New Listing Volume

View Ocean Pines New Listings

New Listing Prices

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