ocean city real estate report - may 2015
DESCRIPTION
View statistics, analysis and data pertaining to the Ocean City real estate marketTRANSCRIPT
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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
1107
0
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City There are currently 1107 homes, condos and townhomes for sale in Ocean City, which is down by 3% from 2014. Search All Ocean City Listings
Ocean Pines There are currently 207 homes, condos and townhomes for sale in Ocean Pines, which is down by 10% from 2014. Search All Ocean Pines Listings
192
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168
148
141
143 15
514
618
5 205
175
207
190
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169
210 22
9 251 25
726
225
724
122
820
517
116
916
4 179 2
07
0
50
100
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300
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The average active listing price in Ocean City is currently $342,000 and the median listing price is $275,000. The average active listing price for the year in Ocean City is $343,000, which is up slightly over 2014.
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9
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330 341
337 35
0
342
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines The average listing price in Ocean Pines is currently $336,000 and the median listing price is $280,000. The average listing price for the year in Ocean Pines is $332,000, which is virtually unchanged from 2014.
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6
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320 332
338 348
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321
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319 331
315 34
0
338
336
150
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550
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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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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
7987
101
95
72
63
53 59
77
99
0
20
40
60
80
100
120
140
160
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City 99 properties went to settlement in Ocean City during April bringing the total number of sold properties for the year to 288, which represents a 15% increase in activity over 2014. View Ocean Citys Sold Listings
Ocean Pines 30 properties went to settlement in Ocean Pines during April bringing the total for the year to 115, which is a 51% increase in activity over 2014. View Ocean Pines Sold Listings
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
30
0
10
20
30
40
50
60
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The average price of properties that went to settlement in Ocean City during April was $286,000 and the median sold listing price was $250,000. The average sold price for the year in Ocean City is $288,000, which is up by 5% over 2014.
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
286
100
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300
350
400
450
500
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines The average sold price of Ocean Pines properties that went to settlement during April was $262,000 and the median sold price was $219,000. The average sold price for the year in Ocean Pines is $260,000, which is a 9% increase over 2014.
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221 225
199
262
242
290
257
251
237
220
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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
262
150
170
190
210
230
250
270
290
310
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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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2
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261 27
3
265
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8 258
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242 25
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The average sold price per square foot in Ocean City during April was $235. This brought the average sold price per square foot for the year in Ocean City to $247, which is a 4% increase over 2014.
Ocean Pines The average sold price per square foot in Ocean Pines during April was $154. The average sold price per square foot for the year in Ocean Pines is $147, which is down by 3% from 2014.
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139 14
6
130 14
0
138 1
55
142
123
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126 132
134 1
54
130 1
45 144
145
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170
146
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2
139 15
0
148
143 15
7
148
145
138
128
155
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154
50
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250
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The absorption rate in Ocean City currently stands at 13 months, which is a two month improvement over April of 2014.
18 18 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
0
5
10
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25
30
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines The absorption rate in Ocean Pines currently stands at 7 months, which is a two month improvement over 2014.
8.5 8.58 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
7
0
2
4
6
8
10
12
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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%
93% 94
%
92%
94%
93%
95%
94%
93% 94
%
93% 94
%
94%
94% 95
%
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94% 95
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94% 95
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94% 95
%
94% 95
%
95%
94%
94% 95
%
94%
80%82%84%86%88%90%92%94%96%98%
100%
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City Ocean City real estate is currently selling on average at 94% of the listing price, which is unchanged from 2014.
Ocean Pines Ocean Pines properties that went to settlement during April sold on average at 96% of the listing price, which is unchanged from 2014.
94% 95
%
94% 95
%
95%
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City Properties that went to settlement in Ocean City during April averaged 155 days on the market. Average days on market for sold properties in Ocean City for the year is 149, which is up by 8% from 2014. 2
39 257
241 26
0
215 24
9
117 15
3
103
81
145
145
126 14
4 194
160
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44
145
156
143
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158 2
00
166
156 170
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178
155
050
100150200250300350400450500
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines Ocean Pines properties that sold during April averaged 197 days on the market. For the year sold Ocean Pines properties are averaging 160 days on the market, which is up by 16% over 2014.
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169
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3
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8 129
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150
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101 1
18
115 13
0
125
90
185
122 13
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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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80 84
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119
93 96
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74 74
55
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112 113
95 97
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33
69
82
124
119
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City 119 properties went under contract in Ocean City during April bringing the total for the year to 394. This represents a 24% increase in activity over 2014. View Pending Sales in Ocean City
Ocean Pines 33 properties went under contract in Ocean Pines during April. This brought the total number of pending listings for the year in Ocean Pines to 127, which is a 17% increase in activity over 2014. View Pending Sales in Ocean Pines
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The average price of properties that went under contract in Ocean City during April was $319,000 and the median pending price was $260,000. The average pending listing price for the year in Ocean City is $308,000, which is a 7% increase over 2014.
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40 344
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94 291 3
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308 321
285 31
9
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines The average price of properties that went under contract in Ocean Pines during April was $252,000 and the median pending price was $222,000. The average pending listing price for the year in Ocean Pines is $268,000, which is up by 8% over 2014.
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2 243 25
4
287
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64
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285
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243 2
71
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252 260
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252
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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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3 130
131 14
1
114
75
152
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189
119
93
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149
136 15
2
123
71
133 15
0
150 16
4
153
140
110
145 153
136
89
58
126 1
48
167 18
3
0
50
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250
A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City 183 new properties were listed in Ocean City during April. A total of 624 new properties have been listed in Ocean City in 2015, which is a 5% increase over 2014. View Ocean Citys New Listings
Ocean Pines 67 new properties were listed in Ocean Pines during April. This brought the total new listings for the year to 180, which is a 10% increase over 2014. View Ocean Pines New Listings
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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
67
0
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean City The average price of new listings in Ocean City during April was $321,000 and the median new listing price was $256,000. This brought the average new listing price for the year in Ocean City to $339,000, which is unchanged from 2014.
336 36
2
309
297
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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
321
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
Ocean Pines The average price of new listings in Ocean Pines during April was $306,000 and the median new listing price was $269,000. The average new listing price for the year in Ocean Pines is $312,000, which is down by 6% from 2014.
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308 32
4 337
266 2
94
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359
306
272
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283
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324 334
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276
325
264
318
281
268 3
02
262
353
327
306
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A12
M J J A S O N D J F M A13
M J J A S O N D J F M A14
M J J A S O N D J F M A15
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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