Post on 18-Jul-2016
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Ocean City There are currently 1073 properties for sale in Ocean City, which is down by 3% from last month and up by 7% over November of last year. Search All Ocean City Listings
Ocean Pines There are currently 205 homes, condos and townhomes for sale in Ocean Pines, which is down by 10% from last month and up by 16% over November of last year. Search All Ocean Pines Listings
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Ocean City The average listing price in Ocean City is currently $348,000 and the median price is $290,000. This brought the average listing price for the year in Ocean City to $347,000, which is virtually unchanged from the 2013 average listing price through November of $349,000.
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Ocean Pines The average price of listings in Ocean Pines currently stands at $319,000 and the median price is $258,000. This brought the average listing price for the year in Ocean Pines to $330,000, which is up by 2% over the 2013 average listing price through this point of $322,000.
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Active Listing Prices
Active Listing Volume
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
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Ocean City 72 Ocean City properties went to settlement in November, which was a 7% increase in activity over November of last year. For the year a total of 912 properties have gone to settlement in Ocean City, representing a 2% increase in activity over the 897 properties that sold through this point in 2013. View Ocean City’s Sold Listings
Ocean Pines 33 Ocean Pines properties went to settlement during November, which was up by 22% over November of last year. For the year a total of 276 properties have sold in Ocean Pines, which is on pace with the 280 properties that went to settlement through this point in 2013. View Ocean Pines’ Sold Listings
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Ocean City The average sold listing price in Ocean City during November was $288,000 and the median price was $254,000. This brought the median sold price for the year to $237,000, which is down by 4% from the 2013 median sold price through this point of $249,000.
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Ocean Pines The average price of properties that sold in Ocean Pines during November was $263,000 and the median price was $229,000. This brought the average sold price for the year in Ocean Pines to $244,000, which is virtually unchanged from the 2013 average sold price through this point of $243,000.
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Sold Listing Prices
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Listing Updates – Get new listings that match your specifications delivered to your inbox.
Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
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Ocean City The average sold price per square foot in Ocean City during November was $242. This brought the average sold price per square foot for the year to $243, which is down by 6% from the 2013 value through this point of $259.
Ocean Pines The average sold price per square foot in Ocean Pines during November was $145. This brought the average sold price per square foot for the year to $149, which is up by 7% over the 2013 price through this point of $139. 13
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Ocean City The absorption rate in Ocean City currently stands at 13 months, which is down by one month from October and up by one month over November of 2013.
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Ocean Pines The absorption rate in Ocean Pines currently stands at 8 months, which is down by two months from October and up by one month over November of 2013.
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Absorption Rates
Average Sold Price/Sq. Ft.
Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
Sold Listings – View MLS reports for recently sold properties, sorted by property location
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Ocean City Ocean City properties that went to settlement during November sold on average at 95% of the listing price. This brought the average sold to list price ratio for the year in Ocean City to 94%, which is the same as it was through this point in 2013.
Ocean Pines Ocean Pines properties that went to settlement during November sold on average at 96% of the listing price. This brought the average sold to list price ratio for the year to 96%, which is a one percent improvement over the 2013 value through this point of 95%.
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Ocean City Property that went to settlement in Ocean City during November averaged 166 days on the market. This brought the average days on market for sold listings in 2014 to 178 days, which is up by 29% from the 2013 value through this point of 138 days.
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Ocean Pines Ocean Pines properties that went to settlement during November averaged 125 days on the market. The average days on the market for the year thus far in Ocean Pines is 125 days, which is a 7% improvement over the 2013 value through this point of 135 days.
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Average Days on Market
Sold to List Price Ratios
Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
Property Values – Get a current market valuation of your property emailed to you
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Ocean City 71 properties went under contract in Ocean City during November, representing a 29% increase in activity over the 55 properties that went under contract during November of last year. For the year a total of 989 properties have gone under contract in Ocean City, which is on pace with the 994 properties that were under contract through this point in 2013. View Ocean City’s Under Contract Listings
Ocean Pines 24 properties went under contract in Ocean Pines during November. For the year a total of 324 properties have gone under contract in Ocean Pines, which is up by 6% over the 307 properties that were under contract through this point in 2013. View Ocean Pines’ Under Contract Listings
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Ocean City The average price of properties that went under contract in Ocean City during November was $296,000 and the median price was $243,000. This brought the average pending price for the year to $288,000, which is down by 6% from the 2013 pending price through this point of $308,000.
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Ocean Pines The average price of properties that went under contract in Ocean Pines during November was $260,000 and the median price was $216,000. This brought the average pending price for the year in Ocean Pines to $255,000, which is virtually unchanged from the 2013 average pending price through this point of $254,000.
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Under Contract Listing Prices
Under Contract Listing Volume
Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
Community Pages – Find all of the relevant information for each OC market area in one place
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Ocean City 89 new properties were listed in Ocean City during November, which was down by 28% from November of 2013. For the year a total of 1523 properties have been listed, representing a 2% decrease from the 1561 new properties that were listed through this point in 2013. View Ocean City’s New Listings
Ocean Pines 24 new properties were listed in Ocean Pines during November, which was virtually unchanged from November of 2013. For the year a total of 450 properties have been listed in Ocean Pines, which is up by 6% over the 425 new properties that were listed through this point in 2013. View Ocean Pines New Listings
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Ocean City The average price of new listings during November was $336,000 and the median price was $285,000. This brought the average new listing price for the year to $336,000, which is virtually unchanged from the 2013 average new listing price through this point of $340,000.
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Ocean Pines The average new listing price in Ocean Pines during November was $268,000 and the median price was $204,000. The average new listing price for the year in Ocean Pines is $308,000, which is the same as it was through this point in 2013. 21
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New Listing Prices
New Listing Volume
Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
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