ocean city real estate report - nov. 2015
DESCRIPTION
View statistics, data and analysis pertaining to the Ocean City MD real estate market.TRANSCRIPT
1183
1126
1104
1089
1114 11
6711
9011
2610
3495
297
999
710
0410
0697
198
5 1062 1104 1143
1113
1130
1108
1112
1126
1105
1073
990
1005 10
54 1095
1107
1091
1059
1041
1028
1014
976
0
200
400
600
800
1000
1200
1400
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
184
168
148
141
143 15
514
618
5 205
175
207
190
195
177
171
167
169
210 22
9 251
257
262
257
241
228
205
171
169
164 17
9 207 22
122
0 235
216
201
202
0
50
100
150
200
250
300
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 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.
362
362
362
354
351
351
350
353
343
341
349
351
353
346
339
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347
348
332 34
9
351
348
349
350
350
348
330 341
337 35
0
342
344
346
356
355
352
348
150
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450
500
550
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
2
316
320
316
315
321 33
6
330
320
325
325
327
320
309
315
320 332
338 348
339
333
331
321
321
325
319 331
315 34
0
338
336
339
331
340
336
339
338
150
200
250
300
350
400
450
500
550
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
[email protected] 443-614-9179
www.DwellinOC.com
Property Search - Access the most advanced and easy to use property search in the area
72
89
67
43
55
82 84
120
91 96
77
94 88
67
57
41
54
68
87
113
115
79
87
101
95
72
63
5359
77
99
128 133
92
84 88
101
0
20
40
60
80
100
120
140
160
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
18 17
10 10
26 25
42
38
22
33
25
22
27
17
14 12
25 25
28 28
17
30 31 33 33
25 25
29 31 30 32 31 32 30 32
39
0
10
20
30
40
50
60
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.
282
284 30
0
281 293
275
279 31
6
294 306 33
8
306
307
307
266
275
260
263 29
5
293
263 29
8
267
325
251 28
8
293
277 30
3
286
286
291
285 30
1
281 29
9
258
100
150
200
250
300
350
400
450
500
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.
242
290
257
251
237
220
217
236
275
247 26
0
246
270
218
198
293
187
217
260 26
9
231
233
249
247
233
263
228
227
279
270
262
252
233
253
253 25
9 267
150
170
190
210
230
250
270
290
310
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
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
[email protected] 443-614-9179
www.DwellinOC.com
235
239 247 255
239 247
251
256
260 27
2
267
261 27
3
265
232 240
231
234 24
8 258
238
242
248
249
239
242 25
9
248
251
253
235
240 25
4
253 261
257
239
100
150
200
250
300
350
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.
138 15
5
142
123
156
126 132
134 15
4
130 14
5
144
145
137
121
170
146
138 15
2
139 15
0
148
143 15
7
148
145
138
128
155
152
154
151
134
135 15
1 162
154
50
100
150
200
250
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 absorption rate in Ocean City currently stands at 11 months, which is a 3 month improvement from this point in 2014.
15 14 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
0
5
10
15
20
25
30
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 absorption rate in Ocean Pines currently stands at 6.5 months, which is a 3.5 month improvement from this point in 2014.
98
7 7 78
78
67 7 7 7 7
87 7
89
1011 11 11
10 10
87
6.56 6
78 8 8
7 76.5
0
2
4
6
8
10
12
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
[email protected] 443-614-9179
www.DwellinOC.com
93%
95%
94%
93% 94
%
93% 94
%
94%
94% 95
%
95%
95%
95%
94% 95
%
94%
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94% 95
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94%
94% 95
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94% 95
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94% 95
%
94% 95
%
95% 96
%
95%
95%
95%
80%82%84%86%88%90%92%94%96%98%
100%
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.
95%
94%
94% 95
%
95%
95%
95%
95% 96
%
96%
95% 96
%
95% 96
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80%82%84%86%88%90%92%94%96%98%
100%
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.
117 15
3
103
81
145
145
126 14
4 194
160
104
111
169
141
134
198
195 24
4
145
156
143
205
152
158 20
0
166
156 170
181
178
155 18
1 198
140
151
161
168
050
100150200250300350400450500
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.
40
184
89
163 17
3
156 16
7
123
92
164
109 11
8 129
89
128
157
97
143 15
6
150
84
101 11
8
115 13
0
125
90
185
122 13
4
197
169
110
138
98 90 96
0
50
100
150
200
250
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
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
91
69
52
80 84
101
133
119
93 96
85
74 74
55
27
77
57
97
86
106
78
112
113
95 97
71
33
6982
124
119
99
90
113
110
108
96
0
20
40
60
80
100
120
140
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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20
6
20
28
25
35
38
25
35
23
33
26
19
9
21 20
30
38
35
19
35 36 36
30
24
29 31 33
30
33 33 34
27
37
52
39
0
10
20
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40
50
60
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 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.
292 33
4
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272 28
9
284 32
4
290 34
0
344
312 33
4
302
294
288
253
320
293
281
244 29
4
291 32
8
272 29
2
296
354
308 321
285 31
9
320
309
282 31
5
271 30
0
100150200250300350400450500550600
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.
265
264
183
272
241 25
2
250
245
290
262
243 26
4
235
236
191
238
233
285
236
285
243 27
1
262
245
252 260
249
281
264 27
6
252
243
281 290
293 302
276
100
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350
400
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
[email protected] 443-614-9179
www.DwellinOC.com
141
114
75
152
134
200
189
119
93
114
149
136 15
2
123
71
133 15
0
150 16
4
153
140
110
145 153
136
89
58
126
148 16
7 183
146
126 14
0
123
183
142
0
50
100
150
200
250
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 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
12 10
28
32
40
35
55
34
54 56
32 34
25
11
27
21
66
56
51
41
51
41
33
39
24
19
36 36
41
67
52
35
53
38 41
45
0
10
20
30
40
50
60
70
80
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 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.
365
284 32
3
311 323
305 34
2
408
341 37
2 394
325
329
289 301
370
363
334
296 32
8 344
307
370
336
312 33
6
286
360
333 343
321
316
360
358
334
317
317
100
200
300
400
500
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 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.
294
258
359
306
272
323
314
302
283
335
285
360
280
336
204
315
361
324 334
325
276
325
264
318
281
268 30
2
262
353
327
306
307
309 32
9
333
292
300
100
200
300
400
500
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
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
[email protected] 443-614-9179
www.DwellinOC.com