ocean city real estate report - july 2015
DESCRIPTION
View statistics, data and analysis pertaining to the Ocean City real estate marketTRANSCRIPT
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1287
1231
1196
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1183
1126
1104
1089
1114 11
6711
9011
2610
3495
297
999
710
0410
0697
198
5 1062 1104 1143
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1108
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1126
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1073
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1005 10
54 1095
1107
1091
1059
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J A S O N D J F M A M J13
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Ocean City There are currently 1059 homes, condos and townhomes for sale in Ocean City, which is a 6% decrease from 2014. Search All Ocean City Listings
Ocean Pines There are currently 220 homes, condos and townhomes for sale in Ocean Pines, which is a 14% decrease from 2014. Search All Ocean Pines Listings
179
186
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168
148
141
143 15
514
618
5 205
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169
210 22
9 251 25
726
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724
122
820
517
116
916
4 179 2
07 221 220
0
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J A S O N D J F M A M J13
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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.
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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, which is unchanged from 2014. 325 320 32
9
320
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6
330
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338 348
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315 34
0
338
336
339
331
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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
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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
99
128 133
0
20
40
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120
140
160
J12
J A S O N D J F M A M J13
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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. View Ocean Citys Sold Listings
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. View Ocean Pines Sold Listings
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20
25
15
22
18 17
10 10
26 25
42
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17
14 12
25 25
28 28
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30 31 33 33
25 25
29 31
30 32
31
0
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J12
J A S O N D J F M A M J13
J A S O N D J F M A M J14
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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. 27
0
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
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285
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J12
J A S O N D J F M A M J13
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J A S O N D J F M A M J15
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. 2
21 225
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247 2
60
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263
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279
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J A S O N D J F M A M J13
J A S O N D J F M A M J14
J A S O N D J F M A M J15
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
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239 247
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8 258
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J12
J A S O N D J F M A M J13
J A S O N D J F M A M J14
J A S O N D J F M A M J15
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.
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. 1
39 146
130 14
0
138 1
55
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123
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126 132
134 1
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130 1
45 144
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0
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143 15
7
148
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J A S O N D J F M A M J13
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Ocean City The absorption rate in Ocean City currently stands at 12 months, which is a 2 month improvement over June of 2014.
17 17 16 16 15 14 13 13 13 1414.5 15
12 11 11 11 12 12 12 1213 14
15 14 14 14 14 14 14 13 12 12 13 13 13 13 12
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J A S O N D J F M A M J13
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Ocean Pines The absorption rate in Ocean Pines currently stands at 8 months, which is a 3 month improvement over June of 2014. 8 8 8
9 98
7 7 78
78
67 7 7 7 7
87 7
89
1011 11 11
10 10
87
6.56 6
78 8
0
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4
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12
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J A S O N D J F M A M J13
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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
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93% 94
%
92%
94%
93%
95%
94%
93% 94
%
93% 94
%
94%
94% 95
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94% 95
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100%
J12
J A S O N D J F M A M J13
J A S O N D J F M A M J14
J A S O N D J F M A M J15
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.
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.
94% 95
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J A S O N D J F M A M J13
J A S O N D J F M A M J14
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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. 2
41 260
215 24
9
117 15
3
103
81
145
145
126 14
4 194
160
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181
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1 198
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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.
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3
156 16
7
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109 11
8 129
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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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90
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69
52
80 84
101
133
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93 96
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74 74
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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. View Pending Sales in Ocean City
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. View Pending Sales in Ocean Pines
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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.
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272 28
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94 291 3
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285 31
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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.
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3 254
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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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112 12
3 130
131 14
1
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134
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93
114
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133 15
0
150 16
4
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140
110
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136
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126 1
48
167 18
3
146
126
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J A S O N D J F M A M J13
J A S O N D J F M A M J14
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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. View Ocean Citys New Listings
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. View Ocean Pines New Listings
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
67
52
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J A S O N D J F M A M J13
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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, which is unchanged from 2014.
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284 3
23
311 323
305 3
42
408
341 3
72 394
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289 301
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296 3
28 344
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6
286
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333 343
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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.
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4 337
266 2
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324 334
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268 3
02
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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
[email protected] 443-614-9179
www.DwellinOC.com