ocean city real estate report - apr. 2015
DESCRIPTION
View statistics, data and analysis pertaining to the Ocean Pines and Ocean City real estate markets.TRANSCRIPT
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1447
1407
1361
1287
1231
1196
1198
1183
1126
1104
1089
1114 1167
1190
1126
1034
952
979
997
1004
1006
971
985 10
62 1104
1143
1113
1130
1108
1112
1126
1105
1073
990
1005 1054
1095
0
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1600
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City There are currently 1095 condos, town homes and single family homes for sale in Ocean City, which is down slightly from 2014. Search All Ocean City Listings
Ocean Pines There are currently 179 town homes, condos and single family homes for sale in Ocean Pines, which is down by 15% from 2014. Search All Ocean Pines Listings
192
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179
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168
148
141
143 15
514
618
5 205
175
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190
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177
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169
210 22
9 251 25
726
225
724
122
820
517
116
916
4 179
0
50
100
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300
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The average active listing price in Ocean City is $350,000 and the median listing price is $289,000. This brought the average active listing price for the year in Ocean City to $343,000, which is virtually unchanged from 2014.
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330 341
337 35
0
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines The average active listing price in Ocean Pines is currently $338,000 and the median listing price is $272,000. This brought the average active listing price for the year in Ocean Pines to $331,000, which is unchanged from 2014.
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321 33
6
330
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320 332
338 348
339
333
331
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321
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319 331
315 34
0
338
150
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550
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
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
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99
72
99
92 92 86 91
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
53 59
77
0
20
40
60
80
100
120
140
160
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City 77 properties went to settlement in Ocean City during March bringing the total number of sold properties for the year to 189, which is a 16% increase in activity over 2014. View Ocean Citys Sold Listings
Ocean Pines 31 Ocean Pines properties went to settlement during March bringing the total number of sales for the year to 85. This represents a 67% increase in activity over 2014. View Ocean Pines Sold Listings
14
23
28 28
20
25
15
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
0
10
20
30
40
50
60
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The average sold price in Ocean City during March was $286,000 and the median sold price was $253,000. The average sold price for the year in Ocean City is $289,000, which is up by 9% over 2014.
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277 29
9
270
259 28
2 311
282
284 30
0
281 293
275
279 3
16
294 306 3
38
306
307
307
266
275
260
263 2
95 293
263 2
98
267
325
251 2
88 293
277 30
3
286
100
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400
450
500
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines The average sold price in Ocean Pines during March was $270,000 and the median sold price was $220,000. This brought the average sold price for the year in Ocean Pines to $259,000, which is a 12% increase over 2014.
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259
222
221 225
199
262
242
290
257
251
237
220
217
236
275
247 2
60
246
270
218
198
293
187
217
260 26
9
231
233
249
247
233
263
228
227
279
270
150
170
190
210
230
250
270
290
310
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
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 Nicholas Bobenko Email: [email protected] Direct: 443-614-9179 Web: www.DwellinOC.com
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233 24
6
235
239 247 255
239 247
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261 27
3
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232 240
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234 24
8 258
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242 25
9
248
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253
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The average sold price per square foot in Ocean City during March was $253. The average sold price for the year in Ocean City is $251, which is up by 7% over 2014.
Ocean Pines The average sold price per square foot in Ocean Pines during March was $152. This brought the average sold price per square foot for the year to $145, which is down by 4% from 2014. 1
36
152
136
139 14
6
130 14
0
138 1
55
142
123
156
126 132
134 1
54
130 1
45 144
145
137
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170
146
138 15
2
139 15
0
148
143 15
7
148
145
138
128
155
152
50
100
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200
250
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The absorption rate in Ocean City currently stands at 13 months, which is a 1 month improvement over March of 2014. 19 18 18 17 17 16 16 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
0
5
10
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30
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines The absorption rate in Ocean Pines currently stands at 6 months, which is a 2 month improvement over March of 2014.
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8 8 89 9
87 7 7
87
8
67 7 7 7 7
87 7
89
1011 11 11
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87
6.56 6
0
2
4
6
8
10
12
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Absorption Rates
Average Sold Price/Sq. Ft.
Ocean City and Ocean Pines Market Report Nicholas Bobenko Email: [email protected] Direct: 443-614-9179 Web: www.DwellinOC.com
Sold Listings View MLS reports for recently sold properties, sorted by property location
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93%
93%
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93% 94
%
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80%82%84%86%88%90%92%94%96%98%
100%
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The sold to list price ratio in Ocean City for March was 95%. This brought the average for the year to 94%, which is unchanged from 2014.
Ocean Pines The average sold to list price ratio for Ocean Pines properties that sold during March was 94%. This brought the average sold to list price ratio for the year to 95%, which is down by 1 point from 2014.
93% 94
% 95%
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City Properties that sold in Ocean City during March averaged 178 days on the market. Average days on market for the year in Ocean City is 176, which is a 17% improvement over 2014.
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239 25
7
241 26
0
215 24
9
117 15
3
103
81
145
145
126 14
4 194
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104
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169
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134
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156
143
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00
166
156 170
181
178
050
100150200250300350400450500
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines Properties that sold in Ocean Pines during March averaged 134 days on the market. For the year in Ocean Pines sold properties are averaging 147 days on the market, which is an 11% increase over 2014.
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150
119
169
155
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40
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89
163 17
3
156 16
7
123
92
164
109 11
8 129
89
128
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143 15
6
150
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101 1
18
115 13
0
125
90
185
122 13
4
0
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Average Days on Market
Sold to List Price Ratios
Ocean City and Ocean Pines Market Report Nicholas Bobenko Email: [email protected] Direct: 443-614-9179 Web: www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
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109 1
21
101
90
117
106
85
91
69
52
80 84
101
133
119
93 96
85
74 74
55
27
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97
86
106
7811
2
113
95 97
71
33
69
82
124
0
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City 124 properties went under contract in Ocean City during March bringing the total for the year to 275, which is a 19% increase in activity over 2014. View Pending Sales in Ocean City
Ocean Pines 30 properties went under contract in Ocean Pines during March bringing the total for the year to 94, which is a 32% increase in activity over 2014. View Pending Sales in Ocean Pines
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05
101520253035404550
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The average price of properties that went under contract in Ocean City during March was $285,000 and the median price was $246,000. This brought the average pending listing price for the year to $305,000, which is a 6% increase over 2014.
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285 30
9
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295 32
4
322
292 3
34
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272 28
9
284 3
24
290 3
40 344
312 33
4
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288
253
320
293
281
244 2
94 291 3
28
272 29
2
296
354
308 321
285
100150200250300350400450500550600
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines The average price of properties that went under contract in Ocean Pines during March was $276,000 and the median price was $203,000. This brought the average pending listing price for the year in Ocean Pines to $274,000, which is up by 9% over 2014.
239 2
67
221 23
2 243 25
4
287
265
264
183
272
241 25
2
250
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290
262
243 2
64
235
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191
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233
285
236
285
243 2
71
262
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252 260
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264 27
6
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Under Contract Listing Prices
Under Contract Listing Volume
Ocean City and Ocean Pines Market Report Nicholas Bobenko Email: [email protected] Direct: 443-614-9179 Web: www.DwellinOC.com
Community Pages Find all of the relevant information for each OC market area in one place
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183
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133
112 12
3 130
131 14
1
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 1
48
167
0
50
100
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250
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City 167 new properties were listed in Ocean City during March bringing the total number of new listings for the year to 441, which is up by 2% over 2014. View Ocean Citys New Listings
Ocean Pines 41 new properties were listed in Ocean Pines during March bringing the total for the year to 113, which is virtually unchanged from 2014. View Ocean Pines New Listings
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30
43
37 35
39
22 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
0
10
20
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70
80
M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean City The average price of new listings in Ocean City during March was $345,000 and the median new listing price was $270,000. This brought the average new listing price for the year to $345,000, which is down by 3% from 2014.
345
336 36
2
309
297
352
297
365
284 3
23
311 323
305 3
42
408
341 3
72 394
325
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289 301
370
363
334
296 3
28 344
307
370
336
312 33
6
286
360
333 343
100
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
Ocean Pines The average price of new listings in Ocean Pines during March was $327,000 and the median new listing price was $260,000. This brought the average new listing price for the year to $314,000, which is down by 6% from 2014.
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305
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308 32
4 337
266 2
94
258
359
306
272
323
314
302
283
335
285
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280
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204
315
361
324 334
325
276
325
264
318
281
268 3
02
262
353
327
100
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M12
A M J J A S O N D J F M13
A M J J A S O N D J F M14
A M J J A S O N D J F M15
New Listing Prices
New Listing Volume
Ocean City and Ocean Pines Market Report Nicholas Bobenko Email: [email protected] Direct: 443-614-9179 Web: www.DwellinOC.com
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