Ocean City Real Estate Report - Sept. 2016

Ocean City and Ocean Pines Market Report
nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
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862
875
863
974
885
963
931
879
976
1000
945
885
1028
1014
1059
1041
1107
1091
1095
1054
1005
1073
990
1126
1105
1112
1130
1108
1143
1113
1104
1062
985
1006
971
1200
1004
1400
997
Ocean City
There are currently 862 condos, townhomes
and homes for sale in Ocean City, which
represents a 16% decrease in inventory from
2015.
979
Active Listings
Listing
Volum
e
800
Search All Ocean City Listings
600
400
200
0
Search All Ocean Pines Listings
185
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
200
177
250
207
300
190
Ocean Pines
There are currently 185 homes, condos and
townhomes for sale in Ocean Pines, which
represents a 14% decrease in inventory from
2015.
251
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 A
13
14
15
16
100
50
0
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14
15
16
Active Listing Prices

550
500
343
341
339
341
345
338
339
339
337
348
340
352
356
355
346
344
342
350
337
341
330
348
350
350
349
348
351
349
332
348
347
340
346
339
353
400
351
450
349
Ocean City
The average price of active real estate listings
in Ocean City is currently $343,000 and the
median listing price is $289,000. The average
listing price for the year in Ocean City is
$340,000, which is a 2% decrease from 2015.
350
300
250
200
150
13
14
15
16
550
361
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
309
350
320
400
327
450
362
500
325
Ocean Pines
The average price of active real estate listings
in Ocean Pines is currently $361,000 and the
median listing price is $281,000. The average
listing price for the year in Ocean City is
$352,000, which is a 5% 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.
92
86
134
131
102
71
58
57
80
89
101
88
84
99
77
59
53
72
63
101
87
95
115
79
87
68
41
60
View Ocean Citys Sold Listings
54
67
80
57
77
100
94
120
88
113
140
128
160
92
Ocean City
86 Ocean City properties went to settlement
during August bringing the total number of sold
listings for the year in Ocean City to 753, which
represents a 4% increase in market activity
over 2015.
133
Sold Listing Volume
40
20
0
13
14
15
16
Ocean Pines
31 Ocean Pines properties went to settlement
during August bringing the total number of sold
listings for the year in Ocean Pines to 256,
which represents a 7% increase in activity over
2015.
28
31
43
27
25
26
31
34
40
32
30
32
31
32
30
31
25
25
29
33
33
31
30
28
28
25
17
14
12
20
View Ocean Pines Sold Listings
25
27
17
30
22
25
40
33
39
50
42
60
10
0
13
14
15
16
Sold Listing Prices

500
295
271
272
289
282
324
266
295
277
287
258
299
301
281
285
291
286
303
286
293
277
288
325
251
267
298
263
293
295
263
260
300
275
266
307
350
307
400
338
450
306
Ocean City
The average sold price in Ocean City during
August was $295,000 and the median sold
price was $277,000. The average sold price
for the year in Ocean City is $285,000, which is
a slight decrease from 2015.
250
200
150
100
210
277
276
280
254
255
268
218
224
220
267
259
253
253
233
252
262
270
279
228
227
263
247
233
249
233
231
260
217
187
230
198
250
218
270
270
290
260
310
269
293
330
246
Ocean Pines
The average sold price in Ocean Pines during
August was $277,000 and the median sold
price was $235,000. The average sold price
for the year in Ocean Pines is $257,000, which
is a slight increase over 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 August was $258. The
average sold price per square foot for the year
in Ocean City is $244, which is a 2% decrease
from 2015.
258
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
234
240
231
232
250
248
273
265
300
261
267
350
200
150
100
13
14
15
16
Ocean Pines
The average sold price per square foot in
Ocean Pines during August was $143. The
average sold price per square foot for the year
in Ocean Pines is $147, which is a slight
increase over 2015.
169
143
150
160
145
150
128
130
133
160
154
162
151
135
134
151
154
155
152
145
138
148
157
148
143
150
139
152
146
128
150
121
145
137
145
144
200
138
170
250
100
50
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 A
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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 from 2015.
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25
20
15
11 11
12 12 12 12
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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 one month
improvement from 2015.
11 11 11
12
10
8
10 10
10
7
8
7
8
7
6.5
7
6
8
7
6.5
6
5
5
4
4
2
0
A S O N D J 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
15
16

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Property Values Get a current market valuation of your property emailed to you
97%
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95%
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93%
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94%
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94%
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95%
94%
94%
95%
94%
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96%
94%
98%
95%
100%
95%
Ocean City
Ocean City properties that went to settlement
during August sold on average at 97% of the
listing price. The average sold to list price ratio
for the year in Ocean City is 95%, which is
unchanged from 2015.
95%
Sold to List Price Ratios
94%
92%
90%
88%
86%
84%
97%
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%
98%
95%
100%
95%
Ocean Pines
Ocean Pines properties that went to settlement
during August sold on average at 97% of the
list price. The average sold to list price ratio for
the year in Ocean Pines is 96%, which is
unchanged from 2015.
96%
80%
#VAL
S
O
N
D
J
F
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J
A 14
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A 15
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A 16
82%
94%
92%
90%
88%
86%
84%
82%
80%
13
14
15
16
153
201
194
174
163
263
190
166
194
194
168
161
151
140
198
181
155
178
181
170
156
166
200
158
152
205
143
156
244
145
198
195
134
141
111
500
450
400
350
300
250
200
150
100
50
0
104
Ocean City
Ocean City properties that went to settlement
during August averaged 153 days on the
market. Average days on market for the year
in Ocean City are 188, which is an 11%
increase over 2015.
169
Average Days on Market
13
14
15
16
85
87
68
100
95
110
93
108
96
90
98
114
138
164
169
110
134
122
125
90
130
115
118
101
143
150
84
100
97
89
128
129
118
150
157
200
156
185
197
250
109
Ocean Pines
Ocean Pines properties that went to settlement
during August averaged 85 days on market.
Average days on market for the year in Ocean
Pines are 100, which represents a 31%
improvement over 2015.
50
0
13
14
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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
27
110
104
109
130
85
80
85
33
60
40
128
108
108
96
113
99
90
82
69
71
110
119
97
95
106
78
50
View Pending Sales in Ocean City
86
57
74
55
80
77
85
74
100
97
120
112
140
113
Ocean City
104 Ocean City properties went under contract
during August bringing the total number of
pending listings for the year to 854, which
represents a 6% increase in activity over 2015.
124
Under Contract Listing Volume
20
0
13
14
15
16
36
32
29
24
24
30
43
36
39
37
27
34
33
33
30
33
31
24
29
30
36
36
35
30
19
View Pending Sales in Ocean Pines
20
21
26
19
23
30
33
40
35
38
50
38
52
60
40
Ocean Pines
36 Ocean Pines properties went under contract
during August bringing the total number of
pending listings for the year to 272, which
represents a 5% increase in activity over 2015.
20
10
0
13
14
15
16
349
281
295
308
304
300
306
282
314
304
300
271
315
282
320
309
319
285
321
308
354
296
292
328
272
294
291
281
244
293
320
253
294
288
334
600
550
500
450
400
350
300
250
200
150
100
302
Ocean City
The average price of Ocean City properties that
went under contract during August was
$281,000 and the median pending listing price
was $249,000. The average pending listing
price for the year in Ocean City is $303,000,
which is down slightly from 2015.
312
Under Contract Listing Prices
13
14
15
16
261
303
262
260
284
275
222
273
307
296
302
276
293
290
281
243
252
276
281
264
249
260
252
262
245
271
243
236
238
233
236
235
191
250
264
300
285
350
285
400
243
Ocean Pines
The average price of Ocean Pines properties
that went under contract during August was
$261,000 and the median pending listing price
was $226,000. The average pending listing
price for the year in Ocean Pines is $268,000,
which is a 2% decrease 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
135 new properties were listed in Ocean City
during August bringing the total number of new
listings for the year to 1153, which is down
slightly from 2015.
135
131
138
130
196
155
111
79
61
71
157
183
142
140
123
126
183
146
167
89
148
126
153
136
145
140
110
164
153
150
150
152
100
58
View Ocean Citys New Listings
133
150
123
149
200
136
250
50
0
46
42
48
62
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
34
32
41
50
View Ocean Pines New Listings
51
56
60
56
70
66
80
51
Ocean Pines
48 new properties were listed in Ocean Pines
during August bringing the total number of new
listings for the year to 370, which is a 3%
increase over 2015.
67
13
14
15
16
10
0
13
14
15
16
New Listing Prices
364
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
301
289
329
400
363
394
500
325
Ocean City
The average price of new listings in Ocean City
during August was $364,000 and the median
new listing price was $285,000. The average
new listing price for the year in Ocean City is
$336,000, which is down slightly from 2015.
300
200
100
13
14
15
16
375
296
382
303
357
357
364
299
318
285
300
292
333
329
309
307
306
353
327
302
262
268
318
281
325
204
300
264
276
325
334
324
361
315
280
400
336
360
500
285
Ocean Pines
The average price of new listings in Ocean
Pines during August was $296,000 and the
median new listing price was $232,000. The
average new listing price for the year in Ocean
Pines is $342,000, which is an 8% increase
over 2015.
200
100
13
14
15
16

Ocean City Real Estate Report - Sept. 2016

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Ocean City Real Estate Report - Sept. 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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