Ocean City Real Estate Report - July 2015

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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1059
1107
1091
1095
1054
1005
1073
990
1112
1126
1105
1130
1108
1143
1113
1104
1062
985
1006
971
1004
997
979
1034
1000
952
1190
1126
1167
1114
1089
1126
1200
1104
1198
1183
1196
1400
1287
Ocean City
There are currently 1059 homes, condos and
townhomes for sale in Ocean City, which is a
6% decrease from 2014.
1231
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
220
221
207
179
169
164
171
228
205
257
241
262
257
229
210
169
167
171
177
195
207
190
205
175
146
155
143
185
150
141
168
148
191
185
200
Search All Ocean Pines Listings
186
250
184
300
179
Ocean Pines
There are currently 220 homes, condos and
townhomes for sale in Ocean Pines, which is a
14% decrease from 2014.
251
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 J F M A M J
12
13
14
15
100
50
0
12
13
14
15
Active Listing Prices

550
346
344
342
350
341
337
330
350
348
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
343
353
350
351
351
362
354
362
365
362
400
376
450
373
500
368
Ocean City
The average price of active listings in Ocean
City is currently $346,000 and the median
listing price is $284,000. The average listing
price for the year in Ocean City $343,000,
which is unchanged from 2014.
350
300
250
200
150
12
13
14
15
550
500
331
339
336
338
340
315
331
325
319
321
321
331
333
339
348
338
332
320
315
309
327
320
325
325
320
330
336
321
315
320
316
316
322
320
350
329
400
325
450
320
Ocean Pines
The average price of active listings in Ocean
Pines is currently $331,000 and the median
listing price is $277,000. The average listing
price for the year in Ocean Pines is $333,000,
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.
Ocean City
133 properties went to settlement in Ocean City
during June bringing the total number of sold
properties in Ocean City for the year to 549,
which is a 15% increase in activity over 2014.
128
59
63
53
77
99
101
95
72
87
115
79
87
68
41
54
67
43
60
57
94
77
88
96
91
84
82
55
67
80
View Ocean Citys Sold Listings
89
91
72
92
100
86
120
92
140
113
120
160
133
Sold Listing Volume
40
20
0
12
13
14
15
Ocean Pines
31 properties went to settlement in Ocean
Pines during June bringing the total number of
sold properties for the year in Ocean Pines to
178, which is a 35% increase in activity over
2014.
60
31
32
30
31
25
17
25
29
33
33
30
28
28
12
14
25
25
27
17
25
22
22
25
26
10
10
18
17
15
20
View Ocean Pines Sold Listings
22
25
28
20
30
33
40
31
38
42
50
10
0
12
13
14
15
Sold Listing Prices

500
285
291
286
303
286
277
251
293
288
325
267
298
293
263
295
263
260
275
266
307
307
338
306
306
316
279
293
300
281
284
282
311
275
300
282
350
270
400
294
450
259
Ocean City
The average sold price in Ocean City during
June was $285,000 and the median sold price
was $233,000. The average sold price for the
year in Ocean City is $288,000, which is a 5%
increase over 2014.
250
200
150
100
233
252
262
270
279
227
263
228
233
249
247
233
187
217
269
260
270
218
260
247
275
217
220
236
237
257
246
198
210
199
230
225
250
242
270
251
262
290
231
290
310
221
Ocean Pines
The average price of properties that sold in
Ocean Pines during June was $233,000 and
the median sold price was $192,000. The
average sold price for the year in Ocean Pines
is $254,000, which is a 5% increase over 2014.
293
12
13
14
15
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 in
Ocean City during June was $254. The
average sold price per square foot for the year
in Ocean City is $247, which is a 2% increase
over 2014.
254
240
253
235
251
259
248
242
249
239
248
242
258
238
248
234
240
231
273
265
261
272
267
260
256
251
247
255
239
247
239
246
232
250
233
228
238
300
235
350
200
150
100
12
13
14
15
Ocean Pines
The average sold price per square foot in
Ocean Pines during June was $134. The
average sold price per square foot for the year
in Ocean Pines is $146, which is down slightly
from 2014.
151
134
154
155
152
128
145
138
148
157
148
143
150
139
152
138
146
170
121
137
145
144
145
130
134
132
126
154
156
123
155
140
138
150
130
146
139
200
142
250
100
50
12
13
14
15
Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 12 months, which is a 2 month
improvement over June of 2014.
30
25
20
17 17
16 16
15
14
15
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
10
5
0
12
13
14
15
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 8 months, which is a 3 month
improvement over June of 2014.
11 11 11
12
10
8
10
9
8
10 10
9
8
8
7
7
6
8
7
8
7
6.5
7
6
6
4
2
0
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
Sold to List Price Ratios
94%
95%
95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
94%
95%
95%
95%
94%
94%
94%
94%
93%
93%
95%
94%
94%
93%
96%
94%
98%
92%
100%
93%
Ocean City
Ocean City properties that went to settlement
during June sold on average at 95% of the
listing price. For the year real estate in Ocean
City is selling on average at 95% of the listing
price, which is unchanged from 2014.
92%
90%
88%
86%
84%
82%
80%
96%
95%
96%
96%
94%
96%
96%
95%
95%
97%
97%
96%
97%
97%
96%
98%
96%
95%
94%
96%
95%
96%
95%
96%
95%
95%
95%
95%
95%
94%
94%
95%
93%
96%
95%
98%
95%
100%
94%
Ocean Pines
Ocean Pines properties that went to settlement
during June sold on average at 95% of the
listing price. For the year real estate in Ocean
Pines is selling on average at 96% of the listing
price, which is unchanged from 2014.
96%
12
13
14
15
94%
92%
90%
88%
86%
84%
82%
80%
12
13
14
15
198
181
155
181
178
170
166
156
200
158
152
205
156
143
145
244
195
198
134
141
169
111
104
160
194
144
126
145
145
103
81
153
117
249
260
500
450
400
350
300
250
200
150
100
50
0
215
Ocean City
Ocean City properties that went to settlement
during June averaged 198 days on the market.
For the year sold properties in Ocean City are
averaging 177 days on the market, which is
down slightly from 2014.
241
Average Days on Market
197
110
134
122
169
185
125
90
130
118
115
101
150
84
97
156
143
157
89
128
129
118
40
100
92
89
94
150
109
123
164
167
173
156
163
184
200
169
250
155
Ocean Pines
Ocean Pines properties that went to settlement
during June averaged 110 days on the market.
For the year sold properties in Ocean Pines are
averaging 153 days on the market, which is a
14% increase over 2014.
233
12
13
14
15
50
0
12
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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
99
90
124
82
69
71
78
33
27
40
119
113
112
95
97
97
77
57
74
74
86
96
85
93
55
60
106
119
101
52
80
View Pending Sales in Ocean City
84
80
69
85
100
90
120
91
117
140
106
Ocean City
90 properties went under contract in June bring
the total number of pending listings for the year
to 583, which is a 14% increase in activity over
2014.
133
Under Contract Listing Volume
20
0
34
33
33
30
33
31
24
19
20
21
9
19
29
30
36
36
35
35
38
30
33
26
23
25
35
38
25
28
20
20
25
24
17
View Pending Sales in Ocean Pines
34
50
45
40
35
30
25
20
15
10
5
0
21
Ocean Pines
34 properties went under contract in Ocean
Pines during June bringing the total number of
pending listings for the year to 194, which
represents a 16% increase in activity over
2014.
35
12
13
14
15
12
13
14
15
320
309
319
285
321
308
354
296
292
272
328
291
294
244
293
281
320
253
288
302
294
334
344
312
340
290
324
284
289
272
301
334
292
322
324
600
550
500
450
400
350
300
250
200
150
100
295
Ocean City
The average price of properties that went under
contract in Ocean City during June was
$309,000 and the median pending listing price
was $265,000. The average price of listings
that have gone under contract in Ocean City for
the year is $310,000, which is a 9% increase
over 2014.
290
Under Contract Listing Prices
12
13
14
15
281
243
252
276
281
264
249
260
252
245
271
262
285
243
285
236
233
238
191
236
235
264
262
243
290
245
250
252
272
241
264
254
183
250
243
300
287
350
265
400
232
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during June was
$281,000 and the median pending price was
$231,000. The average pending listing price
for the year in Ocean Pines is $266,000, which
is up by 5% over 2014.
200
150
100
12
13
14
15

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Blog Articles View helpful articles that can assist you with buying and selling real estate
126
183
146
167
148
89
75
58
100
71
View Ocean Citys New Listings
126
153
136
145
140
110
164
153
150
150
133
152
123
149
93
114
152
134
141
114
131
130
123
150
112
200
136
200
250
119
Ocean City
126 new properties were listed in Ocean City
during June bringing the total number of new
listings for the year in Ocean City to 896, which
is up slightly from 2014.
189
New Listing Volume
50
0
52
24
21
35
41
36
11
19
27
33
36
39
41
51
41
56
34
25
32
34
32
35
40
12
20
10
22
28
39
30
23
40
View Ocean Pines New Listings
37
50
35
60
54
55
70
56
66
80
51
Ocean Pines
35 new properties were listed in Ocean Pines
during June bringing the total new listings for
the year in Ocean Pines to 267, which is a 2%
increase over 2014.
67
12
13
14
15
10
0
12
13
14
15
New Listing Prices
360
316
321
343
333
360
336
286
312
370
336
307
344
328
296
334
363
301
289
329
370
394
325
372
341
342
305
323
311
323
284
309
400
297
352
365
408
500
297
Ocean City
The average price of new listings in Ocean City
during June was $360,000 and the median
price was $300,000. The average new listing
price for the year in Ocean City is $339,000,
300
200
100
12
13
14
15
309
307
306
327
353
262
302
268
281
264
318
325
325
204
276
334
324
361
280
315
336
360
285
335
283
314
302
306
272
323
359
258
294
266
300
337
400
324
500
308
Ocean Pines
The average price of new properties listed in
Ocean Pines during June was $309,000 and
the median new listing price was $270,000.
The average new listing price for the year in
Ocean Pines is $311,000, which is down by 4%
from 2014.
200
100
12
13
14
15

Ocean City Real Estate Report - July 2015

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Ocean City Real Estate Report - July 2015

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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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