Ocean City MD Real Estate Report - Aug. 2016

Ocean City and Ocean Pines Market Report
nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
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875
863
974
885
963
931
879
976
945
1000
885
1028
1014
1059
1041
1107
1091
1095
1054
1005
1073
990
1126
1105
1112
1130
1108
1143
1113
1104
1062
985
1006
971
1004
1200
997
1400
979
Ocean City
There are currently 863 homes, condos and
townhomes for sale in Ocean City, which is a
17% decrease in inventory from 2015.
952
Active Listings
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
185
178
171
155
147
149
139
150
126
202
164
216
201
235
220
221
207
179
169
164
205
171
228
257
241
262
257
229
210
169
167
171
195
177
200
Search All Ocean Pines Listings
207
250
190
300
175
Ocean Pines
There are currently 185 homes, condos and
townhomes for sale in Ocean Pines, which is a
21% decrease in inventory from 2015.
251
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 M A M J J
13
14
15
16
100
50
0
13
14
16
16
Active Listing Prices

550
500
341
339
341
345
338
339
337
339
348
340
352
356
355
346
344
342
350
337
341
330
348
350
350
349
348
351
349
332
348
347
340
339
353
346
351
400
349
450
341
Ocean City
The average price of active real estate listings
in Ocean City is $339,000 and the median
listing price is $280,000. The average listing
price for the year in Ocean City is $340,000,
which is down slightly from 2015.
350
300
250
200
150
13
14
15
16
550
367
361
359
345
342
322
320
338
336
339
340
336
331
339
336
340
338
331
315
319
325
321
331
321
333
339
348
338
332
320
315
320
309
350
327
400
325
450
362
500
325
Ocean Pines
The average price of active real estate listings
in Ocean Pines is $367,000 and the median
listing price is $285,000. The average listing
price for the year in Ocean Pines is $351,000,
which is a 5% increase over 2016.
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.
134
131
92
102
71
57
58
80
101
89
88
84
99
77
59
53
72
63
87
95
101
115
79
87
68
41
60
View Ocean Citys Sold Listings
54
67
80
57
94
77
100
88
96
120
113
140
128
160
92
Ocean City
92 Ocean City properties went to settlement
during July bringing the total number of sold
listings for the year in Ocean City to 667, which
represents a 4% increase in market activity
over 2015.
133
Sold Listing Volume
40
20
0
13
14
15
16
Ocean Pines
28 Ocean Pines properties went to settlement
during July bringing the total number of closed
listings for the year to 225, which represents a
7% increase in market activity over 2015.
43
28
27
25
26
31
34
40
32
30
32
31
32
30
31
25
25
29
33
33
30
28
28
17
14
12
17
20
25
25
27
25
22
22
30
View Ocean Pines Sold Listings
33
40
31
39
50
42
60
10
0
13
14
15
16
Sold Listing Prices

500
271
272
289
266
282
324
295
277
287
258
299
281
301
285
291
286
286
303
293
277
288
325
251
267
298
263
293
295
263
260
300
275
266
307
307
350
338
400
306
450
306
Ocean City
The average sold price in Ocean City during
July was $271,000 and the median sold price
was $241,000. The average sold price for the
year in Ocean City is $283,000, which is a 2%
decrease from 2015.
250
200
150
100
210
276
280
254
218
255
268
224
220
267
259
253
253
233
252
262
270
279
228
227
263
247
233
249
233
217
231
260
270
187
230
198
250
218
270
246
290
260
310
269
293
330
247
Ocean Pines
The average sold price in Ocean Pines during
July was $276,000 and the median sold price
was $200,000. The average sold price for the
year in Ocean Pines is $254,000, which is
unchanged 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 July was $235. The average
sold price per square foot for the year in Ocean
City is $241, which is a 3% decrease from
2015.
235
249
238
239
255
241
250
233
249
239
261
257
254
253
240
253
235
251
259
248
242
249
239
248
242
258
238
248
234
240
232
250
231
273
265
261
300
267
272
350
200
150
100
13
14
15
16
Ocean Pines
The average sold price per square foot in
Ocean Pines during July was $169. The
average sold price per square foot for the year
in Ocean Pines is $147, which is a 2% increase
over 2015.
169
150
160
145
150
128
130
133
160
154
162
151
135
151
134
154
155
152
128
145
138
148
157
148
143
150
139
152
146
145
144
137
121
150
145
130
200
138
170
250
100
50
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 M A M J J
13
14
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 9 months, which is a 3 month
improvement over 2015.
30
25
20
15
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
11 11
10 10
10
5
0
13
14
15
16
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 6 months, which is a 2 month
improvement over 2015.
11 11 11
12
10
8
8
6
10 10
10
7
8
7
8
7
6.5
7
6
8
7
6.5
6
5
5
4
4
2
0
13
14
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
96%
94%
96%
95%
96%
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%
96%
94%
95%
98%
95%
100%
95%
Ocean City
Ocean City properties that went to settlement
during July sold on average at 96% of the
listing price. The average sold to list price ratio
for the year in Ocean City is 95%, which is
95%
Sold to List Price Ratios
94%
92%
90%
88%
86%
84%
82%
80%
97%
96%
97%
98%
96%
95%
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%
98%
96%
100%
96%
Ocean Pines
Ocean Pines properties that went to settlement
during July sold on average at 96% of the
listing price. The average sold to list price ratio
for the year in Ocean Pines is 96%, which is
95%
13
14
15
16
94%
92%
90%
88%
86%
84%
82%
80%
13
14
15
16
201
194
174
163
263
190
166
194
194
168
161
151
198
140
181
155
178
181
170
156
166
200
158
152
205
143
156
244
145
198
195
134
141
111
160
500
450
400
350
300
250
200
150
100
50
0
104
Ocean City
Ocean City properties that went to settlement
during July averaged 194 days on the market.
Average days on market for the year in Ocean
City are 193, which is a 12% increase over
2015.
169
Average Days on Market
13
14
15
16
164
68
87
100
95
110
93
108
96
90
98
114
138
110
134
122
169
185
90
130
125
115
118
101
156
143
157
150
84
100
97
89
128
129
118
150
164
200
197
250
109
Ocean Pines
Ocean Pines properties that went to settlement
during July averaged 68 days on market.
Average days on market for the year in Ocean
Pines are 102, which are down by 32% 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
40
110
109
130
128
108
85
50
27
33
60
View Pending Sales in Ocean City
80
108
96
85
113
99
90
82
69
71
78
110
119
97
95
106
97
77
57
55
80
74
74
100
86
96
85
120
112
140
113
Ocean City
110 properties went under contract in Ocean
City during July bringing the total number of
pending listings for the year to 750, which
represents an 8% increase in activity over
2015.
124
Under Contract Listing Volume
20
0
13
14
15
16
32
24
29
19
24
30
43
36
39
37
27
34
33
33
30
33
31
24
29
30
36
36
35
35
30
20
19
21
26
23
30
33
35
40
38
50
38
52
60
40
Ocean Pines
30 properties went under contract in Ocean
Pines during July bringing the total number of
pending listings for the year to 236, which
represents a 7% increase in market activity
over 2015.
20
9
View Pending Sales in Ocean Pines
10
0
13
14
15
16
349
295
308
304
300
282
306
314
304
300
271
315
282
320
309
319
285
321
308
354
296
292
328
272
294
291
281
244
293
320
253
288
302
294
334
600
550
500
450
400
350
300
250
200
150
100
344
Ocean City
The average listing price of properties that went
under contract in Ocean City during July was
$349,000 and the median pending listing price
was $310,000. The average pending listing
price for the year in Ocean City is $306,000,
which is unchanged from 2015.
312
Under Contract Listing Prices
13
14
15
16
303
262
260
284
275
222
273
307
296
302
276
293
290
281
243
252
276
281
264
260
249
252
262
245
271
243
236
285
238
233
236
235
191
250
264
300
262
350
285
400
243
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during July was
$262,000 and the median pending listing price
was $239,000. The average pending listing
price for the year in Ocean Pines is $268,000,
which is down slightly 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
New Listing Volume

Ocean City
131 new properties were listed in Ocean City
during July bringing the total number of new
listings for the year to 1018, which is a 2%
decrease from 2015.
131
138
130
196
155
111
79
61
71
157
183
142
140
123
126
183
167
146
126
89
148
153
136
145
140
110
164
153
150
150
133
152
123
100
58
View Ocean Citys New Listings
114
150
149
200
136
250
50
0
62
42
46
52
45
45
41
16
11
24
35
38
51
53
52
41
36
36
24
19
11
20
21
30
39
41
33
27
25
40
View Ocean Pines New Listings
34
32
41
50
51
56
60
54
70
56
66
80
51
Ocean Pines
46 new properties were listed in Ocean Pines
during July bringing the total number of new
listings for the year to 322, which is up slightly
over 2015.
67
13
14
15
16
10
0
13
14
15
16
New Listing Prices
339
334
300
351
327
340
334
314
297
317
317
334
360
358
316
321
343
333
360
286
336
336
312
370
307
344
328
296
334
370
363
301
289
329
325
400
394
500
372
Ocean City
The average price of new listings in Ocean City
during July was $339,000 and the median new
listing price was $293,000. The average new
listing price for the year in Ocean City is
$332,000, which is a 3% decrease from 2015.
300
200
100
13
14
15
16
375
382
303
357
357
364
299
318
285
300
292
333
329
309
307
306
327
353
302
262
268
318
281
325
204
300
264
276
325
334
324
361
315
336
280
335
400
360
500
285
Ocean Pines
The average price of new listings in Ocean
Pines during July was $375,000 and the
median new listing price was $258,000. The
average new listing price for the year in Ocean
Pines is $348,000, which is an 11% increase
over 2015.
200
100
13
14
15
16

Ocean City MD Real Estate Report - Aug. 2016

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Ocean City MD Real Estate Report - Aug. 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

View Ocean Citys Sold Listings

Sold Listing Volume

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

New Listing Volume

View Ocean Citys New Listings

View Ocean Pines New Listings

New Listing Prices

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