Ocean City MD Real Estate Report - March 2015
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1426 1447 1407 1361 1287 1231 1196 1198 1183 1126 1104 1089 1114 1167 1190 1126 1034 952 979 997 1004 1006 971 985 1062 1104 1143 1113 1130 1108 1112 1126 1105 1073 990 1005 1054 0 200 400 600 800 1000 1200 1400 1600 F 12 MAMJ J ASOND J F 13 MAMJ J ASOND J F 14 MAMJ J ASOND J F 15 Ocean City There are currently 1054 condos, townhomes and single family homes for sale in Ocean City, which is down slightly from February of last year. Search All Ocean City Listings Ocean Pines There are currently 164 homes, condos and townhomes for sale in Ocean Pines, which is down slightly from February of 2013. Search All Ocean Pines Listings 188 192 192 188 179 186 185 191 184 168 148 141 143 155 146 185 205 175 207 190 195 177 171 167 169 210 229 251 257 262 257 241 228 205 171 169 164 0 50 100 150 200 250 300 F 12 MAM J J ASOND J F 13 MAM J J ASOND J F 14 MAM J J ASOND J F 15 Ocean City The average price of properties currently for sale in Ocean City is $337,000 and the median price is $280,000. The average listing price for the year in Ocean City is $339,000 and the median listing price is $281,000, both of which are virtually unchanged from their 2014 values at this point. 364 368 369 377 368 376 373 365 362 362 362 354 351 351 350 353 343 341 349 351 353 346 339 340 347 348 332 349 351 348 349 350 350 348 330 341 337 150 200 250 300 350 400 450 500 550 F 12 MAM J J A SOND J F 13 MAM J J A SOND J F 14 MAM J J A SOND J F 15 Ocean Pines The average price of properties for sale in Ocean Pines is $340,000 and the median listing price is $272,000. The average listing price for the year in Ocean Pines is $328,000 and the median listing price is $266,000. The average price is up slightly over this point in 2014 and the median price is up by 4%. 310 308 310 317 325 320 329 320 322 316 320 316 315 321 336 330 320 325 325 327 320 309 315 320 332 338 348 339 333 331 321 321 325 319 331 315 340 150 200 250 300 350 400 450 500 550 F 12 MAM J J A SOND J F 13 MAM J J A SOND J F 14 MAM J J A SOND J F 15 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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View detailed statistics, data and analysis pertaining to the Ocean City Maryland real estate market
Transcript of Ocean City MD Real Estate Report - March 2015
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Ocean City There are currently 1054 condos, townhomes and single family homes for sale in Ocean City, which is down slightly from February of last year. Search All Ocean City Listings
Ocean Pines There are currently 164 homes, condos and townhomes for sale in Ocean Pines, which is down slightly from February of 2013. Search All Ocean Pines Listings
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Ocean City The average price of properties currently for sale in Ocean City is $337,000 and the median price is $280,000. The average listing price for the year in Ocean City is $339,000 and the median listing price is $281,000, both of which are virtually unchanged from their 2014 values at this point.
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Ocean Pines The average price of properties for sale in Ocean Pines is $340,000 and the median listing price is $272,000. The average listing price for the year in Ocean Pines is $328,000 and the median listing price is $266,000. The average price is up slightly over this point in 2014 and the median price is up by 4%.
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Active Listing Prices
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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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Ocean City 59 properties went to settlement in Ocean City during February, which was a 9% increase in activity over February of last year. For the year a total of 112 Ocean City properties have sold and gone to settlement, representing an 18% increase in activity over the 95 properties that sold through this point in 2014. View Ocean City’s Sold Listings
Ocean Pines 29 Ocean Pines properties went to settlement during February, representing a 142% increase in activity over February of 2014. For the year a total of 54 properties have gone to settlement in Ocean Pines, which is up by 108% over the 26 properties that went to settlement through this point in 2014. View Ocean Pines’ Sold Listings
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Ocean City The average sold price in Ocean City during February was $303,000 and the median sold price was $245,000. The average sold price for the year in Ocean City is $290,000, representing an 8% increase over the average sold listing price through this point in 2014 of $268,000. The median sold listing price for the year is $237,000, which is unchanged from the 2014 median sold listing price through this point.
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Ocean Pines The average price of Ocean Pines properties that went to settlement during February was $279,000 and the median price was $207,000. For the year the average sold price in Ocean Pines is $253,000 and the median sold price is $209,000. The average sold price is up by 5% over 2014 and the median sold price is up by 12%.
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Sold Listing Prices
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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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Ocean City The average sold price per square foot in Ocean City during February was $251. The average sold price per square foot for the year in Ocean City is $250, which is a 6% increase over the average sold price per square foot through this point in 2014 of $236.
Ocean Pines The average sold price per square foot in Ocean Pines during February was $155. This brought that average sold price per square foot for the year in Ocean Pines to $142, which was down by 10% from the 2014 value through this point of $158. It is worth noting that January of last year was an unusual month as you will see in the graph.
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Ocean City The absorption rate in Ocean City currently stands at 13 months, which is the same position it was in this time last year.
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Ocean Pines The absorption rate in Ocean Pines currently stands at 6 months, which is a one month improvement over February of 2014.
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Absorption Rates
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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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Ocean City Ocean City properties that went to settlement during February sold on average at 94% of the listing price. For the year property in Ocean City is selling on average at 94% of the listing price, which is unchanged from 2014.
Ocean Pines Ocean Pines properties that went to settlement during February sold on average at 96% of the listing price, which is also the average value for the year and remains unchanged from this point in 2014.
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Ocean City Properties in Ocean City that went to settlement during February averaged 181 days on the market. For the year sold Ocean City properties are averaging 176 days on the market, which is a 12% improvement over the 197 days on market sold properties were averaging through this point in 2014.
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Ocean Pines Ocean Pines properties that sold during February averaged 122 days on the market. For the year sold properties in Ocean Pines are averaging 154 days on the market, which is a 21% increase over the 127 days on market sold properties were averaging through this point in 2014.
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Average Days on Market
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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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Ocean City 82 properties went under contract in Ocean City during February, representing a 44% increase in activity over February of last year. For the year a total of 151 properties have gone under contract in Ocean City, which is a 13% increase in activity over the 134 properties that went under contract through this point in 2014. View Pending Sales in Ocean City
Ocean Pines 33 properties went under contract in Ocean Pines during February, which was a 65% increase in activity over February of last year. For the year a total of 64 properties have gone under contract in Ocean Pines, representing a 56% increase in activity over the 41 properties that went under contract through this point in 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 February was $315,000 and the median price was $276,000. For the year the average price of properties that have gone under contract in Ocean City is $315,000 and the median price is $276,000. The average price represents a 10% increase over 2014 and the median price is up by 21%.
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Ocean Pines The average price of properties that went under contract in Ocean Pines during February was $264,000 and the median price was $237,000. This brought the average price of properties that have gone under contract in Ocean Pines for the year to $273,000 and the median price is $231,000. The average price represents a 16% increase over 2014 and the median price represents an 18% increase.
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Under Contract Listing Prices
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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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Ocean City 148 new properties were listed in Ocean City during February, which was down slightly from February of last year. For the year a total of 274 properties have been listed in Ocean City, representing a 3% decrease from 2014. View Ocean City’s New Listings
Ocean Pines 36 new listings came on the market in Ocean Pines during February, representing a considerable increase over February of last year. For the year a total of 72 new properties have been listed in Ocean Pines, which is a 50% increase over the 48 new properties that were listed through this point in 2014. View Ocean Pines New Listings
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Ocean City The average price of new listings in Ocean City during February was $333,000 and the median new listing price was $288,000. This brought the average new listing price for the year in Ocean City to $347,000, which is down by 5% from the average new listing price through this point in 2014 of $367,000. The median new listing price for the year is $283,000, which is up by 4% over the 2014 median new listing price through this point of $273,000.
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Ocean Pines The average price of new listings in Ocean Pines during February was $353,000 and the median new listing price was $242,000. The average new listing price for the year in Ocean Pines is $308,000, which is down by 9% from the 2014 average new listing price through this point of $338,000. The median new listing price for the year is $231,000, which is down by 9% from the 2014 median price through this point of $255,000.
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New Listing Prices
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Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: [email protected]
Direct: 443-614-9179
Web: www.DwellinOC.com
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