Ocean City Real Estate Report - Mar. 2016

Ocean City and Ocean Pines Market Report
nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
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Property Search
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931
879
945
885
1014
976
1041
1028
1107
1091
1059
1095
1054
1005
1073
990
1126
1105
1112
1130
1108
1143
1113
1104
1062
985
1006
971
1004
997
979
1034
1190
1000
952
1200
1126
1400
1167
Ocean City
There are currently 931 homes, condos and
townhomes for sale in Ocean City, which is a
12% decrease in inventory from 2015.
1114
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
149
126
164
150
139
202
201
235
216
220
221
207
179
169
164
205
171
228
257
241
262
257
229
210
169
167
171
177
195
207
175
205
146
155
200
Search All Ocean Pines Listings
185
250
190
300
143
Ocean Pines
There are currently 149 homes, condos and
townhomes for sale in Ocean Pines, which is a
9% decrease in inventory from 2015.
251
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
100
50
0
13
14
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16
Active Listing Prices

550
500
339
337
340
339
352
348
355
356
346
344
342
350
337
341
330
348
350
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
353
343
351
400
350
450
351
Ocean City
The average price of active listings in Ocean
City is currently $339,000 and the median
listing price is $280,000. The average listing
price for the year in Ocean City is $338,000,
which is unchanged from 2015.
350
300
250
200
150
14
15
16
16
550
500
342
322
336
320
339
338
336
340
331
339
336
340
338
331
315
319
325
321
331
321
333
339
348
338
332
320
315
309
327
320
325
325
330
320
350
336
400
321
450
315
Ocean Pines
The average price of active listings in Ocean
Pines is currently $342,000 and the median
listing price is $275,000. The average listing
price for the year in Ocean Pines is $332,000,
which is a slight increase over 2015.
300
250
200
150
13
14
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Listing Updates Get new listings that match your specifications delivered to your inbox.
Sold Listing Volume
89
71
88
84
101
128
133
99
77
57
58
59
53
72
63
101
87
95
115
79
87
68
54
67
57
94
88
77
84
41
60
View Ocean Citys Sold Listings
55
80
82
100
91
120
96
140
113
120
160
92
Ocean City
71 Ocean City properties went to settlement
during February bringing the total number of
sold listings for the year to 128, which
represents a 14% increase in activity over
2015.
40
20
0
13
14
15
16
Ocean Pines
25 Ocean Pines properties went to settlement
sold listings for the year to 51, which
represents a 6% decrease in activity from
2015.
25
26
31
32
32
30
31
32
30
31
25
17
25
29
33
33
30
28
28
12
14
25
25
27
17
22
25
33
22
10
20
25
26
30
31
38
40
View Ocean Pines Sold Listings
39
42
50
40
60
10
0
13
14
15
16
Sold Listing Prices

500
324
295
277
287
258
299
301
281
285
291
286
286
303
277
251
293
288
325
267
298
263
293
295
263
260
275
307
307
338
306
316
306
266
300
279
350
293
400
294
450
275
Ocean City
The average sold price for Ocean City
properties that went to closing during February
was $324,000 and the median sold listing price
was $295,000. The average sold listing price
for the year in Ocean City is $301,000, which is
a 4% increase over 2015.
250
200
150
100
268
224
220
267
259
253
253
233
252
262
270
279
227
263
228
233
247
249
233
231
187
217
269
260
270
246
198
210
218
230
236
250
217
270
237
290
247
275
310
260
293
330
220
Ocean Pines
The average sold price for Ocean Pines
properties that went to settlement during
February was $268,000 and the median sold
listing price was $190,000. The average sold
listing price for the year in Ocean Pines is
$246,000, which is down by 3% from 2015.
303
13
14
15
16
190
170
150
13
14
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Sold Listings View MLS reports for recently sold properties, sorted by property location
Average Sold Price/Sq. Ft.

Ocean City
The average sold price per square foot in
Ocean City during February was $255. The
average sold price per square foot for the year
in Ocean City is $244, which is down by 2%
from 2015.
255
250
233
249
239
261
257
254
253
240
253
235
251
259
248
242
249
239
248
242
258
238
248
240
234
250
231
232
273
265
261
272
267
260
256
239
247
300
251
350
200
150
100
13
14
15
15
Ocean Pines
The average sold price per square foot in
Ocean Pines during February was $150. The
average sold price per square foot for the year
in Ocean Pines is $140, which is down slightly
from 2015.
150
130
133
160
154
162
151
135
151
134
154
155
152
128
145
138
148
157
148
143
150
139
152
138
146
170
121
137
145
144
130
145
154
134
150
132
126
200
156
250
100
50
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O D D J F
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 10 months, which is a 3 month
improvement over February of last year.
30
25
20
15
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 13 13
12 12 12 12
11 11
10 10 10
10
5
0
13
14
15
16
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 5 months, which is a 1 month
improvement over February of last year.
11 11 11
12
10
10 10
10
8
7
8
7
8
7
6.5
7
6
8
7
6.5
5
5
4
4
2
0
F M A M J J A S O N D J F M A M J
13
14
J A S O N D J F M A M J J A S O N D J F
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
93%
95%
94%
95%
95%
95%
96%
95%
95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
94%
95%
95%
95%
94%
94%
96%
94%
98%
94%
100%
93%
Ocean City
The average sold to list price ratio in Ocean
City during February was 93%. The average
sold to list price ratio for the year in Ocean City
is 93.5%, which is down slightly from 2015.
95%
Sold to List Price Ratios
94%
92%
90%
88%
86%
84%
82%
80%
96%
95%
96%
96%
98%
97%
97%
96%
96%
95%
96%
96%
94%
96%
96%
95%
95%
97%
97%
96%
97%
97%
96%
98%
96%
95%
96%
94%
96%
95%
96%
95%
96%
95%
95%
98%
95%
100%
95%
Ocean Pines
The average sold to list price ratio in Ocean
Pines during February was 96%. The average
sold to list price ratio for the year in Ocean
Pines is 95.5%, which is down slightly from
2015.
96%
13
14
15
16
94%
92%
90%
88%
86%
84%
82%
80%
13
14
15
16
263
166
194
194
168
161
151
140
198
181
155
178
181
170
166
156
200
158
152
205
143
156
244
145
198
195
134
141
169
111
104
160
194
144
145
500
450
400
350
300
250
200
150
100
50
0
126
Ocean City
Ocean City properties that went to settlement
during February averaged 263 days on the
market. Average days on market for the year
in Ocean City are 215, which is a 22% increase
over 2015.
145
Average Days on Market
13
14
15
16
197
164
93
108
96
90
98
114
138
110
134
122
169
185
125
90
130
115
118
101
150
156
143
97
128
118
109
129
89
84
100
157
164
123
92
150
167
200
173
250
156
Ocean Pines
Ocean Pines properties that went to settlement
during February averaged 164 days on the
market. Average days on market for the year
in Ocean Pines are 129, which is a 16%
decrease from 2015.
50
0
13
14
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Community Pages Find all of the relevant information for each OC market area in one place
108
85
80
85
99
90
96
113
110
124
82
69
71
50
33
40
119
97
113
112
78
27
60
95
97
77
55
57
74
74
80
View Pending Sales in Ocean City
86
96
85
84
100
101
120
106
119
140
93
Ocean City
80 Ocean City properties went under contract
pending listings for the year to 165, which
represents a 9% increase in activity over 2015.
133
Under Contract Listing Volume
20
0
13
14
15
16
Ocean Pines
24 Ocean Pines properties went under contract
pending listings for the year to 53, which
represents a 17% decrease in activity from
2015.
52
60
24
19
24
29
36
39
37
27
34
33
33
30
33
31
24
29
30
36
36
35
35
38
20
21
19
23
26
30
33
35
25
28
30
25
40
38
35
50
20
9
View Pending Sales in Ocean Pines
10
0
13
14
15
16
306
282
314
304
300
271
315
282
320
309
319
285
321
354
308
296
292
328
272
294
291
281
244
293
320
253
288
302
294
334
344
312
340
290
324
600
550
500
450
400
350
300
250
200
150
100
289
Ocean City
The average price of Ocean City properties that
went under contract during February was
$282,000 and the median pending listing price
was $235,000. The average pending listing
price for the year in Ocean City is $294,000,
which is down by 7% from 2015.
284
Under Contract Listing Prices
13
14
15
16
222
273
307
296
302
276
293
290
281
243
252
276
264
281
249
260
252
262
245
271
243
285
236
285
238
233
236
235
264
262
245
250
191
250
252
300
290
350
243
400
241
Ocean Pines
The average price of Ocean City properties that
went under contract during February was
$273,000 and the median pending listing price
was $230,000. The average pending listing
price for the year in Ocean Pines is $248,000,
which is down by 9% from 2015.
200
150
100
13
14
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Blog Articles View helpful articles that can assist you with buying and selling real estate
157
183
142
111
140
123
183
146
126
167
148
61
79
89
71
100
58
View Ocean Citys New Listings
126
153
136
145
140
110
164
153
150
150
133
152
93
123
119
134
150
149
200
136
200
250
114
Ocean City
157 new properties were listed in Ocean City
new listings for the year to 268, which are down
slightly from 2015.
189
New Listing Volume
50
0
38
45
45
16
11
24
35
41
53
52
41
36
36
24
21
11
20
19
33
27
30
39
41
51
41
34
25
32
34
35
32
40
View Ocean Pines New Listings
40
50
56
60
54
55
70
56
66
80
51
Ocean Pines
45 new properties were listed in Ocean Pines
new listings for the year to 69, which are down
slightly from 2015.
67
13
14
15
16
10
0
13
14
15
16
New Listing Prices
340
334
314
297
317
317
334
360
358
316
321
343
360
333
336
286
312
336
370
307
344
328
296
334
370
301
289
329
363
394
325
372
341
342
400
323
408
500
305
Ocean City
The average price of new Ocean City listings
during February was $340,000 and the median
new listing price was $273,000. The average
new listing price for the year in Ocean City is
$337,000, which is a 3% decrease from 2015.
300
200
100
13
14
15
16
364
299
318
285
300
292
333
329
309
307
306
327
353
262
302
268
281
318
325
264
276
325
334
324
361
280
315
336
360
285
335
283
302
204
300
323
400
314
500
272
Ocean Pines
The average price of new listings in Ocean
Pines during February was $364,000 and the
median new listing price was $257,000. The
average new listing price for the year in Ocean
Pines is $332,000, which is an 8% increase
over 2015.
200
100
13
14
15
16

Ocean City Real Estate Report - Mar. 2016

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Ocean City Real Estate Report - Mar. 2016

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Ocean City and Ocean Pines Market Report

Search All Ocean City Listings

Search All Ocean Pines Listings

Active Listing Prices

Ocean City and Ocean Pines Market Report

Sold Listing Volume

View Ocean Citys Sold Listings

View Ocean Pines Sold Listings

Sold Listing Prices

Ocean City and Ocean Pines Market Report

Average Sold Price/Sq. Ft.

Ocean City and Ocean Pines Market Report

Sold to List Price Ratios

Average Days on Market

Ocean City and Ocean Pines Market Report

View Pending Sales in Ocean City

Under Contract Listing Volume

View Pending Sales in Ocean Pines

Under Contract Listing Prices

Ocean City and Ocean Pines Market Report

View Ocean Citys New Listings

New Listing Volume

View Ocean Pines New Listings

New Listing Prices

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