Ocean City MD Real Estate Report - Nov. 2014

Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
Property Search - Access the most advanced and easy to use property search in the area
Search All Ocean City Listings
1126
1105
1112
1130
1108
1143
1113
1104
985
1062
1006
971
1004
997
979
1034
1000
952
1190
1126
1167
1114
1089
1126
1200
1104
1198
1183
1231
1196
1361
1400
1287
1447
1407
1426
1420
1393
1600
1493
Ocean City
There are currently 1105 properties for sale in
Ocean City, which is down from last month and
up by 10% over October of last year.
1451
Active Listing Volume
800
600
400
200
0
228
257
241
262
257
229
210
169
167
171
177
195
207
190
205
175
185
146
155
143
141
168
150
148
191
184
186
185
188
179
192
192
188
189
200
Search All Ocean Pines Listings
172
250
232
300
214
Ocean Pines
There are currently 228 properties for sale in
Ocean Pines, which is down from last month
and up by 17% over October of last year.
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
11
12
13
14
100
50
0
11
12
13
14
Active Listing Prices

550
350
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
343
353
350
351
351
362
354
362
362
373
365
376
368
377
369
368
366
364
400
374
450
381
500
373
Ocean City
The average listing price in Ocean City is
currently $350,000 and the median price is
$288,000. This brought the average listing
price for the year to $346,000, which is down
by less than 1% from the average listing price
through this point last year of $349,000.
350
300
250
200
150
11
12
13
14
550
500
325
321
321
331
339
333
348
338
332
320
315
309
327
320
325
325
320
330
336
321
315
320
316
322
316
329
320
325
320
317
310
308
321
310
350
327
400
336
450
335
Ocean Pines
The average listing price in Ocean Pines is
currently $325,000 and the median price is
$269,000. This brought the average listing
price for the year to $331,000, which is up by
2% over the 2013 average listing price through
this point of $324,000.
300
250
200
150
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Listing Updates Get new listings that match your specifications delivered to your inbox.
Sold Listing Volume

Ocean City
95 Ocean City properties went to settlement
during October, representing an 8% increase in
activity over October of last year. This brought
the total number of sold properties for the year
to 840, which was up slightly over the 830
properties that went to settlement through this
point in 2013.
101
87
95
115
79
87
68
41
54
67
55
36
43
57
94
77
88
96
91
84
67
82
89
91
72
92
86
60
70
49
60
60
80
72
100
99
99
120
92
140
113
120
160
40
20
View Ocean Citys Sold Listings
0
11
12
13
14
Ocean Pines
33 Ocean Pines properties went to settlement
during October, representing a 50% increase in
activity over October of last year. This brought
the total number of sold properties for the year
to 243, which is down slightly from the 253
properties that went to settlement through this
point in 2013.
60
33
30
28
28
17
14
12
17
25
25
27
25
22
22
25
26
10
10
18
15
17
22
25
20
14
12
16
16
20
28
28
23
26
22
30
33
40
31
38
42
50
10
View Ocean Pines Sold Listings
0
11
12
13
14
Sold Listing Prices

500
325
251
267
298
263
293
295
263
275
260
307
266
307
306
338
306
294
316
279
293
275
300
281
284
282
311
282
310
299
270
259
300
277
260
350
304
400
318
360
450
283
Ocean City
The average sold listing price in Ocean City
during October was $251,000 and the median
price was $229,000. This brought the average
sold listing price for the year in Ocean City to
$279,000, which is down by 7% from the 2013
average sold price through this point of
$300,000.
250
200
150
100
233
249
247
233
231
260
187
217
218
269
293
270
260
247
246
198
217
220
236
237
257
251
275
290
221
222
214
225
199
210
197
230
234
250
242
270
262
270
290
259
310
229
Ocean Pines
The average sold listing price in Ocean Pines
sold price for the year to $242,000, which is
virtually unchanged from the 2013 average sold
price through this point of $245,000.
294
11
12
13
14
190
170
150
11
12
13
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Nicholas Bobenko
Direct: 443-614-9179
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 during
October was $239. For the year the average
sold price per square foot in Ocean City is
$243, which is down by 6% from the 2013
value through this point of $258.
249
239
248
242
258
238
248
234
240
231
232
273
265
261
272
267
260
256
251
247
255
239
247
239
246
235
233
238
228
236
245
232
250
231
236
241
300
224
263
350
200
150
100
148
157
148
143
150
139
152
138
146
170
121
137
145
144
130
145
154
134
132
126
156
123
155
142
138
140
130
146
139
136
152
136
162
139
142
250
230
210
190
170
150
130
110
90
70
50
139
Ocean Pines
The average sold price per square foot in
Ocean Pines during October was $148. The
average sold price per square foot in Ocean
Pines for the year thus far is $149, which is up
by 7% over the 2013 value through this point of
$139.
143
11
12
13
14
11
12
13
14
Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 14 months, which is up by 2 months
over October of last year.
30
25
20
18 18 18 18 18
19
18 18
17 17
16 16
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
10
5
0
O N D J F M A M J
11
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 10 months, which is up by 3 months
over October of last year.
12
10
8
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
11
11 11 11
10
10
9
8
8.5 8.5
9
8
10 10
9
8
8
7
8
7
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
11
12
J A S O N D J F M A M J J A S O
13
14

Nicholas Bobenko
Direct: 443-614-9179
Property Values Get a current market valuation of your property emailed to you
Sold to List Price Ratios

95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
94%
95%
95%
95%
94%
94%
94%
94%
93%
93%
95%
94%
94%
93%
93%
93%
93%
93%
93%
93%
92%
94%
93%
96%
92%
98%
94%
100%
92%
Ocean City
Property that went to settlement in Ocean City
during October sold on average at 94% of the
listing price. For the year in Ocean City
property has sold on average at 94% of the
listing price and is unchanged from the 2013
value.
92%
90%
88%
86%
84%
82%
80%
94%
95%
97%
97%
96%
97%
97%
96%
98%
96%
95%
94%
96%
95%
96%
95%
96%
95%
95%
95%
95%
95%
94%
94%
95%
93%
95%
95%
94%
95%
94%
93%
95%
91%
96%
93%
98%
94%
100%
93%
Ocean Pines
Property that went to settlement in Ocean
Pines during October sold on average at 95%
of the listing price. This brought the average
sold to list price ratio for the year in Ocean
Pines to 96%, which is a one point
improvement over the 2013 value through this
point of 95%.
96%
11
12
13
14
92%
90%
88%
86%
84%
82%
80%
11
12
13
14
200
158
152
205
143
156
145
244
195
198
134
141
169
111
104
160
194
144
126
145
145
103
81
153
117
249
215
260
241
257
239
259
247
241
282
500
450
400
350
300
250
200
150
100
50
0
242
Ocean City
Property that went to settlement in Ocean City
during October averaged 200 days on the
market. This brought the average days on
market for the year to 180 days, representing a
30% increase over the 2013 value through this
point of 138 days.
225
Average Days on Market
130
118
115
101
156
150
84
97
143
157
128
118
109
129
89
89
94
92
123
164
167
173
163
156
233
155
169
150
40
100
119
150
136
200
138
250
215
223
300
184
350
126
Ocean Pines
Properties that went to settlement in Ocean
Pines during October averaged 130 days on
the market. This brought the average days on
market for the year in Ocean Pines to 125
days, which is down by 10% from the 2013
value through this point of 139 days.
305
11
12
13
14
50
0
11
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Nicholas Bobenko
Direct: 443-614-9179
Community Pages Find all of the relevant information for each OC market area in one place
55
97
113
78
57
77
74
74
112
95
97
86
96
85
93
106
119
101
52
47
27
60
84
69
80
85
91
117
106
121
57
80
69
77
100
90
120
109
103
140
101
Ocean City
97 Ocean City properties went under contract
during October, representing a 31% increase in
activity over October of last year. For the year
a total of 918 properties have gone under
contract in Ocean City, which is down slightly
from the 938 properties that were under
contract through this point in 2013.
133
Under Contract Listing Volume
40
20
0
View Ocean Citys Under Contract Listings
30
36
36
35
35
38
30
33
19
20
19
21
26
23
25
35
38
35
25
28
20
17
20
25
24
21
31
34
35
18
19
14
View Ocean Pines Under Contract Listings
30
50
45
40
35
30
25
20
15
10
5
0
20
Ocean Pines
30 properties went under contract in Ocean
Pines during October. For the year a total of
300 properties have gone under contract in
Ocean Pines, representing a 4% increase in
activity over the 288 properties that went under
contract through this point in 2013.
32
11
12
13
14
11
12
13
14
292
272
328
291
294
244
293
281
320
288
253
294
334
302
312
344
340
290
324
284
289
272
301
334
292
322
324
295
290
309
285
326
334
324
310
600
550
500
450
400
350
300
250
200
150
100
326
Ocean City
The average price of properties that went under
contract in Ocean City during October was
$292,000 and the median price was $250,000.
This brought the average price of properties
that have gone under contract for the year to
average price through this point of $309,000.
380
Under Contract Listing Prices
11
12
13
14
252
245
271
262
285
243
285
236
233
238
191
236
264
235
243
290
262
245
250
241
183
252
272
264
287
254
243
232
267
239
264
237
221
250
262
300
249
350
265
400
243
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during October was
$252,000 and the median price was $215,000.
This brought the average price of properties
that have gone under contract in Ocean Pines
for the year to $255,000, which is the exact
same as it was through this point in 2013.
200
150
100
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Blog Articles View helpful articles that can assist you with buying and selling real estate
153
136
145
140
110
164
153
150
133
150
152
123
149
136
93
71
75
67
100
114
152
134
141
114
131
130
123
133
94
150
112
183
138
158
151
151
200
200
250
119
Ocean City
136 new properties were listed in Ocean City
during October, representing an 11% decrease
from October of last year. For the year a total
of 1434 new properties have been listed in
Ocean City, which is virtually unchanged from
the 1438 properties that were listed through
this point in 2013.
189
New Listing Volume
50
0
View Ocean Citys New Listings
11
12
13
14
Ocean Pines
39 new properties were listed in Ocean Pines
during October. For the year a total of 426 new
properties have been listed in Ocean Pines,
which is up by 7% over the 2013 volume
through this point of 400 properties.
33
39
41
51
27
11
21
25
32
34
41
56
56
54
34
35
32
28
12
10
22
39
23
30
34
26
20
13
18
30
22
40
View Ocean Pines New Listings
37
50
35
43
48
60
40
55
70
51
66
80
10
0
11
12
13
14
New Listing Prices
312
370
336
344
307
328
296
334
363
301
289
329
370
394
325
341
372
408
342
323
305
284
311
323
365
297
309
297
352
362
336
345
354
325
305
400
377
500
341
Ocean City
The average price of new properties listed in
Ocean Pines during October was $312,000 and
the median price was $270,000. This brought
the average new listing price for the year to
average new listing price through this point of
$345,000.
300
200
100
11
12
13
14
281
264
318
325
204
276
325
334
324
361
315
336
360
280
335
285
283
314
302
272
306
323
359
258
294
324
337
266
255
305
257
300
273
283
288
335
400
308
500
218
Ocean Pines
The average new listing price in Ocean Pines
new listing price for the year to $312,000,
which is up by 2% over the 2013 average price
through this point of $306,000.
200
100
11
12
13
14

Ocean City MD Real Estate Report - Nov. 2014

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Ocean City MD Real Estate Report - Nov. 2014

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Ocean City and Ocean Pines Market Report

Search All Ocean City Listings

Active Listing Volume

Search All Ocean Pines Listings

Active Listing Prices

Ocean City and Ocean Pines Market Report

Sold Listing Volume

View Ocean Citys Sold Listings

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

Under Contract Listing Volume

View Ocean Citys Under Contract Listings

View Ocean Pines Under Contract Listings

Under Contract Listing Prices

Ocean City and Ocean Pines Market Report

New Listing Volume

View Ocean Citys New Listings

View Ocean Pines New Listings

New Listing Prices

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