Post on 03-Feb-2016
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Ocean City There are currently 976 condos, townhomes and homes for sale in Ocean City, which is a 12% decrease from 2014. Search All Ocean City Listings
Ocean Pines There are currently 202 homes, condos and townhomes for sale in Ocean Pines, which is an 11% decrease from 2014. Search All Ocean Pines Listings
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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. 32
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Active Listing Prices
Active Listing Volume
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com
Property Search - Access the most advanced and easy to use property search in the area
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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. View Ocean City’s Sold Listings
Ocean Pines 39 Ocean Pines properties went to settlement during October bringing the total number of sold listings for the year to 311, which is a 28% increase in activity over 2014. View Ocean Pines’ Sold Listings 22
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Sold Listing Prices
Sold Listing Volume
Listing Updates – Get new listings that match your specifications delivered to your inbox.
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Ocean City The absorption rate in Ocean City currently stands at 11 months, which is a 3 month improvement from this point in 2014.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Absorption Rates
Average Sold Price/Sq. Ft.
Sold Listings – View MLS reports for recently sold properties, sorted by property location
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Average Days on Market
Sold to List Price Ratios
Property Values – Get a current market valuation of your property emailed to you
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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. View Pending Sales in Ocean City
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. View Pending Sales in Ocean Pines
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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O12
N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Under Contract Listing Prices
Under Contract Listing Volume
Community Pages – Find all of the relevant information for each OC market area in one place
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
Ocean City 142 new properties were listed in Ocean City during October bringing the total number of new listings for the year in Ocean City to 1484, which is a 3% increase over 2014. View Ocean City’s New Listings
Ocean Pines 45 new properties were listed in Ocean Pines during October bringing the total number of new listings for the year to 444, which is a 4% increase over 2014. View Ocean Pines New Listings 23
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
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.
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N D J F M A M J J A S O13
N D J F M A M J J A S O14
N D J F M A M J J A S O15
New Listing Prices
New Listing Volume
Blog Articles – View helpful articles that can assist you with buying and selling real estate
Ocean City and Ocean Pines Market Report
nick@dwellinoc.com 443-614-9179
www.DwellinOC.com