Ocean City Real Estate Report - Jan. 2016

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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945
885
1014
976
1041
1028
1091
1059
1095
1107
1054
1005
1073
990
1126
1105
1112
1130
1108
1143
1113
1104
1062
985
1006
971
1004
997
979
1034
1000
952
1190
1167
1126
1200
1114
1400
1104
Ocean City
There are currently 885 homes, condos and
townhomes for sale in Ocean City, which is an
11% decrease from last year.
1089
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
164
202
201
235
216
221
220
207
179
169
164
205
171
228
257
241
262
257
229
210
169
167
171
177
195
207
205
175
155
146
139
150
143
148
200
Search All Ocean Pines Listings
185
250
190
300
141
Ocean Pines
There are currently 139 homes, condos and
townhomes for sale in Ocean Pines, which is a
19% decrease from last year.
251
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 N D
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Active Listing Prices

550
340
339
352
348
356
355
346
344
342
350
337
341
330
348
350
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
343
353
351
350
400
351
450
362
500
354
Ocean City
The average price of active listings in Ocean
City is currently $339,000 and the median
listing price is $286,000. The average active
listing price in Ocean City during 2015 was
$346,000, which was unchanged from 2014.
350
300
250
200
150
12
13
14
15
550
500
336
320
339
338
340
336
331
339
336
338
340
331
315
319
325
321
331
321
333
339
348
338
332
320
315
309
327
320
325
325
320
330
336
321
350
315
400
320
450
316
Ocean Pines
The average price of active listings in Ocean
Pines is currently $320,000 and the median
listing price is $265,000. The average listing
price in Ocean Pines during 2015 was
$334,000, which was up slightly from 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.
89
101
88
84
128
99
77
58
59
53
72
41
63
101
87
95
115
79
87
68
67
57
43
60
54
94
88
77
84
55
67
80
View Ocean Citys Sold Listings
82
100
91
120
96
140
113
120
160
92
Ocean City
89 Ocean City properties went to settlement
during December bringing the total number of
sold properties for the year to 1061, which
represents a 9% increase in activity over 2014.
133
Sold Listing Volume
40
20
0
12
13
14
15
Ocean Pines
31 Ocean Pines properties went to settlement
sold properties for the year to 382, which
represents a 27% increase in activity over
2014.
31
32
30
32
31
32
30
31
25
17
25
29
33
33
30
28
28
12
14
25
25
27
17
22
25
33
22
10
17
10
20
25
26
30
31
38
40
View Ocean Pines Sold Listings
39
42
50
40
60
10
0
12
13
14
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Sold Listing Prices

500
295
287
258
299
281
301
285
291
286
286
303
277
251
293
288
325
267
298
263
293
295
263
260
275
307
307
338
306
306
316
279
266
300
275
293
350
300
400
294
450
281
Ocean City
The average sold price in Ocean City during
December was $295,000 and the median sold
price was $262,000. The average sold price
for the year in Ocean City was $287,000, which
was a 3% increase over 2014.
250
200
150
100
220
267
259
253
253
233
252
262
270
279
227
263
228
233
249
247
233
231
187
217
269
260
270
246
247
236
220
198
210
218
230
217
250
237
270
257
290
275
310
260
293
330
251
Ocean Pines
The average sold price in Ocean Pines during
December was $220,000 and the median sold
price was $183,000. The average sold price
for the year in Ocean Pines was $257,000,
which was a 6% increase over 2014.
303
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190
170
150
12
13
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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 for
settled properties in Ocean City during
December was $250. The average sold price
per square foot for the year in Ocean City was
$249, which was a 2% increase over 2014.
250
249
239
261
257
254
253
240
253
235
251
259
248
242
249
239
248
242
258
238
248
240
234
250
231
232
273
265
261
272
267
260
256
251
247
255
247
300
239
350
200
150
100
12
13
14
15
Ocean Pines
The average sold price per square foot for
settled properties in Ocean Pines during
December was $133. The average sold price
per square foot for the year in Ocean Pines
was $147, which was unchanged from 2014.
133
160
154
162
151
135
151
134
154
155
152
128
145
138
148
157
148
143
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138
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121
137
145
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145
130
134
132
154
156
126
150
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142
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50
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 D D
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 10 months, which is a two-month
improvement over December of last year.
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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 11
10
10
5
0
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13
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15
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 4 months, which is a two and a half
month improvement over December of last
year.
11 11 11
12
10
10 10
10
8
7
7
6
8
7
8
7
6.5
7
6
8
7
6.5
5
4
2
0
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
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J A S O N D
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
95%
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94%
96%
93%
98%
94%
100%
93%
Ocean City
Ocean City properties that went to settlement
during December sold on average at 95% of
the listing price. The average sold to list price
ratio for the year in Ocean City was 95%, which
was unchanged from 2014.
95%
Sold to List Price Ratios
94%
92%
90%
88%
86%
84%
82%
80%
96%
96%
98%
97%
97%
96%
96%
95%
96%
96%
94%
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96%
95%
95%
97%
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96%
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97%
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98%
96%
95%
96%
95%
96%
95%
96%
95%
95%
95%
94%
96%
95%
98%
95%
100%
94%
Ocean Pines
Ocean Pines properties that went to settlement
during December sold on average at 96% of
the listing price. The average sold to list price
ratio for the year in Ocean Pines was 96%,
which was unchanged from 2014.
96%
12
13
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15
94%
92%
90%
88%
86%
84%
82%
80%
12
13
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194
194
168
161
151
140
198
181
155
181
178
170
166
156
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158
152
205
143
156
145
244
198
195
134
141
169
111
104
160
194
144
145
126
145
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300
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150
100
50
0
81
Ocean City
Ocean City properties that went to settlement
during December averaged 194 days on the
market. Average days on market for the year
in Ocean City were 173, which was a slight
decrease from 2014.
103
Average Days on Market
12
13
14
15
197
108
96
90
98
114
138
110
134
122
169
185
130
118
115
125
90
84
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150
156
143
157
97
89
128
129
118
109
123
164
167
92
150
100
156
163
200
173
250
89
Ocean Pines
Ocean Pines properties that went to settlement
during December averaged 108 days on the
market. Average days on the market for the
year in Ocean Pines were 130, which was a
7% increase over 2014.
50
0
12
13
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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
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119
69
71
78
82
97
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113
112
95
97
77
27
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57
74
52
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View Pending Sales in Ocean City
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80
86
96
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106
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140
93
Ocean City
50 properties went under contract in Ocean
City during December bringing the total number
of pending listings for the year to 1145, which
represents a 12% increase in activity over
2014.
133
Under Contract Listing Volume
40
20
0
12
13
14
15
Ocean Pines
24 properties went under contract in Ocean
Pines during December bringing the total
number of pending properties for the year to
409, which represents a 16% increase in
activity over 2014.
52
60
36
39
37
34
19
24
27
33
33
30
33
31
24
29
30
36
36
35
35
38
20
19
21
23
26
30
33
35
25
20
30
25
28
40
38
35
50
20
10
View Pending Sales in Ocean Pines
0
12
13
14
15
314
304
300
271
315
282
320
309
319
285
321
308
354
296
292
272
328
294
291
281
244
293
320
253
288
302
294
334
344
312
340
290
324
284
289
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 December was
$314,000 and the median pending listing price
was $258,000. The average pending listing
price for the year in Ocean City was $304,000,
which was a 4% increase over 2014.
272
Under Contract Listing Prices
12
13
14
15
307
296
302
276
293
290
281
243
252
276
264
281
249
260
252
245
262
271
243
236
285
285
238
233
191
236
235
264
262
245
250
241
252
272
300
250
290
350
243
400
183
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during December was
$307,000 and the median pending listing price
was $204,000. The average pending listing
price for the year in Ocean Pines was
$280,000, which was a 10% increase over
2014.
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100
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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
167
183
146
148
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79
89
58
71
100
75
View Ocean Citys New Listings
126
153
136
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110
164
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133
152
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149
93
114
152
150
134
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Ocean City
61 new properties were listed in Ocean City
new listings for the year to 1624, which was a
3% increase over 2014.
189
New Listing Volume
50
0
45
16
11
35
38
41
41
53
52
24
19
21
36
36
39
41
27
33
10
11
30
20
51
41
34
25
32
34
40
32
28
40
View Ocean Pines New Listings
35
50
56
60
54
55
70
56
66
80
51
Ocean Pines
11 new properties were listed in Ocean Pines
new listings for the year to 471, which was up
slightly from 2014.
67
12
13
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15
10
0
12
13
14
15
New Listing Prices
314
297
317
317
334
358
360
316
321
343
360
333
336
286
312
370
336
307
344
328
296
334
370
301
289
329
363
394
325
372
341
342
305
323
400
323
408
500
311
Ocean City
The average price of new listings in Ocean City
during December was $297,000 and the
median new listing price was $263,000. The
average new listing price for the year in Ocean
City was $331,000, which was unchanged from
2014.
300
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100
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13
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15
318
285
300
292
333
329
309
307
306
327
353
262
302
268
281
318
264
276
325
325
334
324
361
280
315
336
360
285
335
283
314
302
323
204
300
272
400
359
500
306
Ocean Pines
The average price of new listings in Ocean
Pines during December was $318,000 and the
median new listing price was $257,000. The
average new listing price for the year in Ocean
Pines was $310,000, which was up slightly
from 2014.
200
100
12
13
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15

Ocean City Real Estate Report - Jan. 2016

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Ocean City Real Estate Report - Jan. 2016

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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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