ocean city real estate report - mar. 2016
DESCRIPTION
View statistics, data and analysis pertaining to the Ocean City real estate marketTRANSCRIPT
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5 1062 1104 1143
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Ocean City There are currently 931 homes, condos and townhomes for sale in Ocean City, which is a 12% decrease in inventory from 2015. Search All Ocean City Listings
Ocean Pines There are currently 149 homes, condos and townhomes for sale in Ocean Pines, which is a 9% decrease in inventory from 2015. Search All Ocean Pines Listings 14
3 155
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912
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Ocean City The average price of active listings in Ocean City is currently $339,000 and the median listing price is $280,000. The average listing price for the year in Ocean City is $338,000, which is unchanged from 2015.
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Ocean Pines The average price of active listings in Ocean Pines is currently $342,000 and the median listing price is $275,000. The average listing price for the year in Ocean Pines is $332,000, which is a slight increase over 2015. 31
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Active Listing Prices
Active Listing Volume
Ocean City and Ocean Pines Market Report
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Property Search - Access the most advanced and easy to use property search in the area
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82 84
120
91 96
77
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41
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68
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3
92
84 88
101
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89
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71
0
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160
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Ocean City 71 Ocean City properties went to settlement during February bringing the total number of sold listings for the year to 128, which represents a 14% increase in activity over 2015. View Ocean City’s Sold Listings
Ocean Pines 25 Ocean Pines properties went to settlement during February bringing the total number of sold listings for the year to 51, which represents a 6% decrease in activity from 2015. View Ocean Pines’ Sold Listings 10
26 25
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17
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26 25
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Ocean City The average sold price for Ocean City properties that went to closing during February was $324,000 and the median sold listing price was $295,000. The average sold listing price for the year in Ocean City is $301,000, which is a 4% increase over 2015.
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279 31
6
294 306 33
8
306
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5
293
263 29
8
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8
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277 30
3
286
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1
281 29
9
258 28
7
295
277
324
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Ocean Pines The average sold price for Ocean Pines properties that went to settlement during February was $268,000 and the median sold listing price was $190,000. The average sold listing price for the year in Ocean Pines is $246,000, which is down by 3% from 2015.
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9 267
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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
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www.DwellinOC.com
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Ocean City The average sold price per square foot in Ocean City during February was $255. The average sold price per square foot for the year in Ocean City is $244, which is down by 2% from 2015.
Ocean Pines The average sold price per square foot in Ocean Pines during February was $150. The average sold price per square foot for the year in Ocean Pines is $140, which is down slightly from 2015.
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134 15
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1 162
154 160
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Ocean City The absorption rate in Ocean City currently stands at 10 months, which is a 3 month improvement over February of last year.
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Ocean Pines The absorption rate in Ocean Pines currently stands at 5 months, which is a 1 month improvement over February of last year.
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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
[email protected] 443-614-9179
www.DwellinOC.com
94%
93% 94
%
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94% 95
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100%
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Ocean City The average sold to list price ratio in Ocean City during February was 93%. The average sold to list price ratio for the year in Ocean City is 93.5%, which is down slightly from 2015.
Ocean Pines The average sold to list price ratio in Ocean Pines during February was 96%. The average sold to list price ratio for the year in Ocean Pines is 95.5%, which is down slightly from 2015.
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Ocean City Ocean City properties that went to settlement during February averaged 263 days on the market. Average days on market for the year in Ocean City are 215, which is a 22% increase over 2015.
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4 194
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1 198
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Ocean Pines Ocean Pines properties that went to settlement during February averaged 164 days on the market. Average days on market for the year in Ocean Pines are 129, which is a 16% decrease from 2015.
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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
[email protected] 443-614-9179
www.DwellinOC.com
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Ocean City 80 Ocean City properties went under contract during February bringing the total number of pending listings for the year to 165, which represents a 9% increase in activity over 2015. View Pending Sales in Ocean City
Ocean Pines 24 Ocean Pines properties went under contract during February bringing the total number of pending listings for the year to 53, which represents a 17% decrease in activity from 2015. View Pending Sales in Ocean Pines
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Ocean City The average price of Ocean City properties that went under contract during February was $282,000 and the median pending listing price was $235,000. The average pending listing price for the year in Ocean City is $294,000, which is down by 7% from 2015.
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Ocean Pines The average price of Ocean City properties that went under contract during February was $273,000 and the median pending listing price was $230,000. The average pending listing price for the year in Ocean Pines is $248,000, which is down by 9% from 2015.
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6 307
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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
[email protected] 443-614-9179
www.DwellinOC.com
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136 15
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126 14
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123
183
142
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61
111
157
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Ocean City 157 new properties were listed in Ocean City during February bringing the total number of new listings for the year to 268, which are down slightly from 2015. View Ocean City’s New Listings
Ocean Pines 45 new properties were listed in Ocean Pines during February bringing the total number of new listings for the year to 69, which are down slightly from 2015. View Ocean Pines New Listings
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32 34
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21
66
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41
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36 36
41
67
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38 41
45
16
11
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45
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Ocean City The average price of new Ocean City listings during February was $340,000 and the median new listing price was $273,000. The average new listing price for the year in Ocean City is $337,000, which is a 3% decrease from 2015.
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2 394
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Ocean Pines The average price of new listings in Ocean Pines during February was $364,000 and the median new listing price was $257,000. The average new listing price for the year in Ocean Pines is $332,000, which is an 8% increase over 2015.
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309 32
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285 31
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364
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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
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www.DwellinOC.com