ocean city md real estate report - dec. 2014

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1393

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1447

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07

1361

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87

1231

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96

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83

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D J F M A M J J A S O N12



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

214

189

172 18

8 19

2 19

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8 17

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6 18

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1 18

4 16

8 14

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1 14

3 155

146

185 20

5 17

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7 19

0 19

5 17

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1 16

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9 21

0 229 25

1 25

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2 25

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1 22

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N11




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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N11




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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N11




Active Listing Prices

Active Listing Volume

Ocean City and Ocean Pines Market Report

Nicholas Bobenko

Email: [email protected]

Direct: 443-614-9179

Web: www.DwellinOC.com

Property Search - Access the most advanced and easy to use property search in the area

http://www.dwellinoc.com/


mailto:[email protected]


http://www.dwellinoc.com/idx/

60 70

36

60

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92

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86 91

72

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43 55

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41 54

68

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113

115

79 87

101

95

72

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N11




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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277 29

9

270

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2 311

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281 293

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6

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8

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N11




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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199

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247 26

0

246

270

218

198

293

187

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260 26

9

231

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249

247

233

263

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190

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290

310

N11




Sold Listing Prices

Sold Listing Volume

Listing Updates – Get new listings that match your specifications delivered to your inbox.


Nicholas Bobenko


Direct: 443-614-9179


http://www.flexmls.com/link.html?12md1nwwsxxx,11,1

http://www.flexmls.com/link.html?12md1o5v2b25,11,1

http://www.dwellinoc.com/ocean-city-md-real-estate-updates.php



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8 258

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N11




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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139 15

0

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148

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507090

110130150170190210230250

N11




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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N11




Absorption Rates

Average Sold Price/Sq. Ft.


Nicholas Bobenko


Direct: 443-614-9179


Sold Listings – View MLS reports for recently sold properties, sorted by property location



http://www.dwellinoc.com/recently-sold-ocean-city-real-estate.php

93%

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80%82%84%86%88%90%92%94%96%98%

100%

N11




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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80%82%84%86%88%90%92%94%96%98%

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N11




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.

242 28

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4 194

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N11




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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1 118

115 13

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Average Days on Market

Sold to List Price Ratios


Nicholas Bobenko


Direct: 443-614-9179


Property Values – Get a current market valuation of your property emailed to you



http://www.dwellinoc.com/property-values-ocean-city-md.php

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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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N11




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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284 32

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290 34

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312 33

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302

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288

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272 29

2

296

100150200250300350400450500550600

N11




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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N11




Under Contract Listing Prices

Under Contract Listing Volume


Nicholas Bobenko


Direct: 443-614-9179


Community Pages – Find all of the relevant information for each OC market area in one place

http://www.flexmls.com/link.html?12md1nydox3c,11,1

http://www.flexmls.com/link.html?12md1o56nlya,11,1



http://www.dwellinoc.com/real-estate-ocean-city-md-community-page.php

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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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5 354

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305 34

2

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2 394

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289 301

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8 344

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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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4 337

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268

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N11




New Listing Prices

New Listing Volume


Nicholas Bobenko


Direct: 443-614-9179


Blog Articles – View helpful articles that can assist you with buying and selling real estate

http://www.flexmls.com/link.html?12md1o0ciw0v,11,1

http://www.flexmls.com/link.html?12md1o2ij960,11,1



http://www.dwellinoc.com/blog/

ocean city md real estate report - dec. 2014

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