Ocean City MD Real Estate Report - March 2015

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
1054
1005
1073
990
1126
1105
1112
1108
1143
1113
1130
1104
1062
985
1006
971
1004
997
979
1034
1000
952
1190
1126
1167
1114
1089
1126
1200
1104
1198
1183
1231
1196
1361
1400
1287
1447
1600
1407
Ocean City
There are currently 1054 condos, townhomes
and single family homes for sale in Ocean City,
which is down slightly from February of last
year.
1426
Active Listing Volume
800
Search All Ocean City Listings
600
400
200
0
169
164
205
171
228
241
262
257
257
229
210
169
167
171
177
195
207
190
205
175
146
155
143
185
150
141
168
148
191
184
186
185
192
179
200
Search All Ocean Pines Listings
188
250
192
300
188
Ocean Pines
There are currently 164 homes, condos and
townhomes for sale in Ocean Pines, which is
down slightly from February of 2013.
251
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 N D J F
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Active Listing Prices

550
341
337
348
330
350
350
349
351
348
349
332
348
347
340
339
346
353
351
349
341
343
353
350
351
351
362
354
362
362
373
365
376
377
368
400
369
450
368
500
364
Ocean City
The average price of properties currently for
sale in Ocean City is $337,000 and the median
price is $280,000. The average listing price for
the year in Ocean City is $339,000 and the
median listing price is $281,000, both of which
are virtually unchanged from their 2014 values
at this point.
350
300
250
200
150
12
13
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15
550
500
340
315
331
319
325
321
321
333
331
339
348
338
332
320
315
309
327
320
325
325
320
330
336
321
315
320
316
322
316
329
320
320
325
310
350
310
400
317
450
308
Ocean Pines
The average price of properties for sale in
Ocean Pines is $340,000 and the median
listing price is $272,000. The average listing
price for the year in Ocean Pines is $328,000
and the median listing price is $266,000. The
average price is up slightly over this point in
2014 and the median price is up by 4%.
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Nicholas Bobenko
Direct: 443-614-9179
Listing Updates Get new listings that match your specifications delivered to your inbox.
Sold Listing Volume

Ocean City
59 properties went to settlement in Ocean City
during February, which was a 9% increase in
activity over February of last year. For the year
a total of 112 Ocean City properties have sold
and gone to settlement, representing an 18%
increase in activity over the 95 properties that
sold through this point in 2014.
59
53
72
63
101
95
87
79
87
68
41
54
67
55
43
60
57
94
77
88
96
91
84
67
82
89
91
72
92
86
60
80
72
100
99
99
120
92
140
113
115
120
160
40
20
View Ocean Citys Sold Listings
0
12
13
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Ocean Pines
29 Ocean Pines properties went to settlement
during February, representing a 142% increase
in activity over February of 2014. For the year
a total of 54 properties have gone to settlement
in Ocean Pines, which is up by 108% over the
26 properties that went to settlement through
this point in 2014.
60
25
17
25
29
33
33
30
28
28
12
14
25
25
27
17
25
22
22
25
26
10
10
17
15
18
22
25
20
14
12
20
23
30
28
28
33
40
31
38
42
50
10
View Ocean Pines Sold Listings
0
12
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Sold Listing Prices
303
277
251
293
288
325
298
267
263
293
295
263
275
260
307
266
307
338
306
306
294
316
279
293
275
300
281
284
282
311
282
299
270
259
300
277
350
318
400
310
450
250
200
150
100
279
227
263
228
233
247
249
233
187
217
218
198
231
260
270
260
246
247
275
217
220
236
237
257
251
262
225
199
210
221
250
222
242
270
259
290
269
290
310
230
293
12
13
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15
270
Ocean Pines
The average price of Ocean Pines properties
that went to settlement during February was
$279,000 and the median price was $207,000.
For the year the average sold price in Ocean
Pines is $253,000 and the median sold price is
$209,000. The average sold price is up by 5%
over 2014 and the median sold price is up by
12%.
500
214
Ocean City
The average sold price in Ocean City during
February was $303,000 and the median sold
price was $245,000. The average sold price
for the year in Ocean City is $290,000,
representing an 8% increase over the average
sold listing price through this point in 2014 of
$268,000. The median sold listing price for the
year is $237,000, which is unchanged from the
2014 median sold listing price through this
point.
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150
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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 in
Ocean City during February was $251. The
average sold price per square foot for the year
in Ocean City is $250, which is a 6% increase
over the average sold price per square foot
through this point in 2014 of $236.
251
259
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242
249
239
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242
258
238
248
234
240
231
232
273
265
261
272
267
260
256
251
247
255
239
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239
246
235
233
238
236
228
250
245
231
300
232
350
200
150
100
12
13
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Ocean Pines
The average sold price per square foot in
Ocean Pines during February was $155. This
brought that average sold price per square foot
for the year in Ocean Pines to $142, which was
down by 10% from the 2014 value through this
point of $158. It is worth noting that January of
last year was an unusual month as you will see
in the graph.
155
128
145
138
148
157
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143
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152
138
146
170
121
137
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145
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126
154
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123
155
138
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146
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152
139
150
136
200
142
250
100
50
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 13 months, which is the same
position it was in this time last year.
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25
20
18
19
18 18
17 17
16 16
15
14
15
13 13 13
14 14.5
15
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12 12 12 12
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13
12 12
13
10
5
0
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13
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Ocean Pines
The absorption rate in Ocean Pines currently
stands at 6 months, which is a one month
improvement over February of 2014.
11 11 11
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10
9
8.5 8.5
9
8
10 10
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4
2
0
F M A M J J A S O N D J F M A M J
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J A S O N D J F M A M J J A S O N D J F
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Nicholas Bobenko
Direct: 443-614-9179
Property Values Get a current market valuation of your property emailed to you
Sold to List Price Ratios
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
95%
94%
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94%
93%
93%
93%
96%
93%
98%
92%
100%
93%
Ocean City
Ocean City properties that went to settlement
during February sold on average at 94% of the
listing price. For the year property in Ocean
City is selling on average at 94% of the listing
price, which is unchanged from 2014.
92%
90%
88%
86%
84%
82%
80%
94%
96%
96%
96%
95%
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%
95%
94%
96%
93%
98%
94%
100%
91%
Ocean Pines
Ocean Pines properties that went to settlement
during February sold on average at 96% of the
listing price, which is also the average value for
the year and remains unchanged from this
point in 2014.
96%
12
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15
92%
90%
88%
86%
84%
82%
80%
12
13
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181
170
166
156
200
158
152
205
143
156
145
244
198
195
134
141
169
111
104
160
194
144
126
145
145
103
81
153
117
249
215
260
241
257
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0
239
Ocean City
Properties in Ocean City that went to
settlement during February averaged 181 days
on the market. For the year sold Ocean City
properties are averaging 176 days on the
market, which is a 12% improvement over the
197 days on market sold properties were
averaging through this point in 2014.
247
Average Days on Market
185
122
125
90
130
118
115
101
150
84
97
156
143
157
89
128
129
118
40
92
89
94
100
109
123
164
167
173
156
163
184
155
119
150
150
200
169
215
250
136
Ocean Pines
Ocean Pines properties that sold during
February averaged 122 days on the market.
For the year sold properties in Ocean Pines are
averaging 154 days on the market, which is a
21% increase over the 127 days on market
sold properties were averaging through this
point in 2014.
233
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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
33
27
40
69
71
78
82
97
113
95
106
97
77
57
74
74
55
60
86
96
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93
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80
112
119
101
84
80
69
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100
91
117
90
106
121
109
120
103
140
101
Ocean City
82 properties went under contract in Ocean
City during February, representing a 44%
increase in activity over February of last year.
For the year a total of 151 properties have
gone under contract in Ocean City, which is a
13% increase in activity over the 134 properties
that went under contract through this point in
2014.
133
Under Contract Listing Volume
20
0
View Pending Sales in Ocean City
View Pending Sales in Ocean Pines
33
31
24
29
30
36
36
35
35
38
30
19
20
19
21
26
23
33
35
25
25
28
38
35
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20
25
24
21
31
34
35
50
45
40
35
30
25
20
15
10
5
0
18
Ocean Pines
33 properties went under contract in Ocean
Pines during February, which was a 65%
increase in activity over February of last year.
For the year a total of 64 properties have gone
under contract in Ocean Pines, representing a
56% increase in activity over the 41 properties
that went under contract through this point in
2014.
32
12
13
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15
12
13
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15
321
354
308
296
292
272
328
291
294
244
293
281
320
288
253
294
302
334
344
312
340
290
324
284
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272
301
334
292
322
324
295
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309
326
600
550
500
450
400
350
300
250
200
150
100
285
Ocean City
The average price of properties that went under
contract in Ocean City during February was
For the year the average price of properties
that have gone under contract in Ocean City is
$315,000 and the median price is $276,000.
The average price represents a 10% increase
over 2014 and the median price is up by 21%.
324
Under Contract Listing Prices
12
13
14
15
264
281
249
260
252
245
271
262
285
243
285
236
233
238
191
236
235
264
262
243
290
245
250
252
272
183
241
264
287
254
243
232
221
250
267
300
264
350
265
400
239
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during February was
This brought the average price of properties
that have gone under contract in Ocean Pines
for the year to $273,000 and the median price
is $231,000. The average price represents a
16% increase over 2014 and the median price
represents an 18% increase.
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100
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Nicholas Bobenko
Direct: 443-614-9179
Blog Articles View helpful articles that can assist you with buying and selling real estate
148
89
58
71
75
100
View Ocean Citys New Listings
126
153
136
145
110
164
153
140
150
150
133
152
123
149
119
93
136
152
134
141
114
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130
123
133
150
112
183
138
158
200
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250
114
Ocean City
148 new properties were listed in Ocean City
during February, which was down slightly from
February of last year. For the year a total of
274 properties have been listed in Ocean City,
representing a 3% decrease from 2014.
189
New Listing Volume
50
0
12
13
14
15
36
39
24
19
33
21
36
51
41
27
25
32
34
41
56
54
34
35
32
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12
20
10
22
28
39
30
23
30
34
40
37
50
35
43
48
60
40
55
70
56
66
80
51
Ocean Pines
36 new listings came on the market in Ocean
Pines during February, representing a
considerable increase over February of last
year. For the year a total of 72 new properties
have been listed in Ocean Pines, which is a
50% increase over the 48 new properties that
were listed through this point in 2014.
10
View Ocean Pines New Listings
0
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New Listing Prices
360
333
336
286
312
336
370
344
307
328
296
334
370
301
329
289
363
394
325
341
372
408
342
323
305
284
311
323
365
297
309
297
352
362
336
354
345
400
300
200
100
12
13
14
15
353
262
302
268
281
264
318
325
204
276
325
334
324
361
280
315
336
360
285
335
283
314
302
306
272
323
359
258
294
337
266
305
255
300
308
400
324
500
273
Ocean Pines
The average price of new listings in Ocean
Pines during February was $353,000 and the
median new listing price was $242,000. The
average new listing price for the year in Ocean
Pines is $308,000, which is down by 9% from
the 2014 average new listing price through this
point of $338,000. The median new listing
price for the year is $231,000, which is down by
9% from the 2014 median price through this
point of $255,000.
500
257
Ocean City
The average price of new listings in Ocean City
during February was $333,000 and the median
new listing price was $288,000. This brought
the average new listing price for the year in
Ocean City to $347,000, which is down by 5%
from the average new listing price through this
point in 2014 of $367,000. The median new
listing price for the year is $283,000, which is
up by 4% over the 2014 median new listing
price through this point of $273,000.
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100
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Ocean City MD Real Estate Report - March 2015

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Ocean City MD Real Estate Report - March 2015

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Ocean City and Ocean Pines Market Report

Active Listing Volume

Search All Ocean City Listings

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 Pending Sales in Ocean City

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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