Ocean City Real Estate Report - Jan. 2015

Ocean City and Ocean Pines Market Report
Nicholas Bobenko
Email: nick@dwellinoc.com
Direct: 443-614-9179
Web: www.DwellinOC.com
Property Search - Access the most advanced and easy to use property search in the area
1073
990
1126
1105
1112
1130
1108
1113
1104
1143
1062
985
1006
971
1004
997
979
1034
1000
952
1190
1126
1167
1114
1089
1126
1200
1104
1198
1183
1231
1196
1361
1400
1287
1447
1407
1426
1600
1420
Ocean City
There are currently 990 properties for sale in
Ocean City, which is down by 8% from last
month and up by 2% over the 971 properties
that were on the market this time last year.
1393
Active Listing Volume
800
Search All Ocean City Listings
600
400
200
0
Search All Ocean Pines Listings
205
171
228
257
241
262
257
229
210
169
167
171
177
195
207
190
205
175
146
155
143
185
150
141
168
148
191
184
186
185
188
179
192
188
200
189
250
192
300
172
Ocean Pines
There are currently 171 properties for sale in
Ocean Pines, which is down by 17% from last
month and the exact same as it was this time
last year.
251
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 S O N D
11
12
13
14
100
50
0
11
12
13
14
Active Listing Prices

550
348
330
350
350
349
348
351
349
332
348
347
340
339
346
353
351
349
341
343
353
350
351
351
362
354
362
362
373
365
376
368
377
369
368
400
364
450
374
500
366
Ocean City
The average active listing price in Ocean City
during 2014 was $345,000, which was virtually
unchanged from the 2013 average listing price
of $348,000.
350
300
250
200
150
11
12
13
14
550
500
331
319
325
321
331
321
333
348
339
338
332
320
315
309
327
320
325
325
320
330
336
321
315
320
316
322
316
329
320
325
320
317
310
308
350
310
400
327
450
321
Ocean Pines
The average active listing price in Ocean Pines
during 2014 was $330,000, which was up by
2% over the 2013 average listing price of
$322,000.
300
250
200
150
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Listing Updates Get new listings that match your specifications delivered to your inbox.
Sold Listing Volume

Ocean City
975 Ocean City properties went to settlement
during 2014, which was a 2% increase in
activity over the 954 properties that went to
settlement during 2013.
72
63
101
87
95
115
79
87
68
67
41
54
94
55
43
57
67
77
88
96
91
84
82
89
91
72
92
86
36
60
60
70
80
View Ocean Citys Sold Listings
72
100
99
99
120
92
140
113
120
160
40
20
0
11
12
13
14
Ocean Pines
301 Ocean Pines properties went to settlement
during 2014, which was up slightly over the 297
properties that went to settlement in Ocean
Pines during 2013.
60
33
25
33
30
28
28
17
14
12
17
25
25
27
25
22
22
25
26
10
10
18
15
17
22
25
20
14
12
16
16
20
23
30
View Ocean Pines Sold Listings
28
28
33
40
31
38
42
50
10
0
11
12
13
14
Sold Listing Prices

500
251
293
288
325
267
298
263
293
295
263
275
260
307
266
307
306
338
306
294
316
279
293
275
300
281
284
282
311
282
270
259
300
299
310
304
350
318
400
277
450
260
Ocean City
The average sold listing price for the year in
Ocean City was $281,000, which was down by
5% from the 2013 average sold listing price of
$297,000. The median sold listing price in
Ocean City during 2014 was $239,000, which
was down by 3% from the 2013 median sold
listing price of $247,000.
250
200
150
100
263
228
233
249
247
233
231
260
187
217
218
269
293
270
260
247
246
198
217
220
236
237
257
251
275
290
225
199
210
221
230
214
250
222
242
270
262
270
290
259
310
197
Ocean Pines
The average sold listing price in Ocean Pines
during 2014 was $243,000, which was up
slightly over the 2013 average sold listing price
of $240,000. The median sold listing price in
Ocean Pines for 2014 was $198,000, which
was down by 7% from the 2013 median sold
listing price of $212,000.
294
11
12
13
14
190
170
150
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
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 for the
year in Ocean City was $244, which was down
by 5% from the 2013 average sold price per
square foot of $257.
259
242
249
239
248
242
258
238
248
234
240
231
232
273
265
261
272
267
260
256
251
247
255
239
247
239
246
235
233
238
236
245
228
250
231
224
236
300
232
350
200
150
100
11
12
13
14
Ocean Pines
The average sold price per square foot in
Ocean Pines during 2014 was $148, which was
up by 8% over the 2013 average sold price per
square foot of $137.
145
138
148
157
148
143
150
139
152
138
146
170
121
137
145
144
145
130
134
132
126
154
156
123
155
142
138
140
130
146
139
136
139
150
136
142
162
200
152
250
100
50
11
12
13
14
Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 12 months, which is the same as it
was at this point in 2013.
30
25
20
18 18 18
19
18 18
17 17
16 16
15
14
15
13 13 13
14 14.5
15
12
11 11 11
12 12 12 12
13
14
15
14 14 14 14 14 14
13
12
10
5
0
11
12
13
14
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 7 months, which is down by 1 month
from where it was this time last year.
11 11 11
12
10
10
9
8
8.5 8.5
9
8
9
8
8
7
10 10
9
7
8
7
8
7
6
4
2
0
D J F M A M J
11
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
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Property Values Get a current market valuation of your property emailed to you
Sold to List Price Ratios
94%
95%
95%
95%
94%
94%
95%
94%
95%
95%
94%
94%
95%
94%
95%
94%
95%
95%
95%
94%
94%
94%
94%
93%
93%
95%
94%
94%
93%
94%
93%
93%
93%
93%
93%
96%
93%
98%
92%
100%
92%
Ocean City
Properties that went to settlement in Ocean
City during 2014 sold on average at 95% of the
listing price, which was a one-point
improvement over the 2013 sold to list price
ratio of 94%.
92%
90%
88%
86%
84%
82%
80%
94%
96%
95%
95%
97%
97%
96%
97%
97%
96%
98%
96%
95%
94%
96%
95%
96%
95%
96%
95%
95%
95%
95%
95%
94%
94%
95%
93%
95%
95%
94%
95%
94%
93%
96%
91%
98%
95%
100%
93%
Ocean Pines
Properties that went to settlement in Ocean
Pines during 2014 sold on average at 96% of
the listing price, which was a one-point
improvement over the 2013 sold to list price
ratio in Ocean Pines of 95%.
96%
11
12
13
14
92%
90%
88%
86%
84%
82%
80%
11
12
13
14
166
156
200
158
152
205
143
156
145
244
195
198
141
134
169
111
104
160
194
144
126
145
145
103
81
153
117
249
215
260
241
257
239
259
247
500
450
400
350
300
250
200
150
100
50
0
282
Ocean City
Ocean City properties that sold during 2014
averaged 177 days on market, which was up
over the 138 days sold properties averaged on
the market in 2013.
241
Average Days on Market
90
125
130
118
115
101
156
150
84
97
143
157
128
118
109
129
89
89
94
92
123
164
167
156
173
163
155
169
215
40
100
119
150
150
200
136
250
233
300
184
350
223
Ocean Pines
Properties that sold in Ocean Pines during
2014 averaged 122 days on the market, which
was down from the 134 days sold properties in
Ocean Pines averaged on the market in 2013.
305
11
12
13
14
50
0
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Community Pages Find all of the relevant information for each OC market area in one place
97
95
113
112
71
78
77
27
33
55
57
74
74
52
97
86
96
85
93
106
119
101
84
80
69
85
47
80
60
91
117
69
100
View Ocean Citys Under Contract Listings
106
121
90
120
109
103
140
101
Ocean City
A total of 1022 properties went under contract
in Ocean City during 2014, which was virtually
unchanged from the 1021 properties that went
under contract in Ocean City during 2013.
133
Under Contract Listing Volume
40
20
0
24
19
20
21
19
29
30
36
36
35
35
38
30
33
26
23
25
35
38
35
25
28
20
17
20
25
24
21
31
34
35
18
View Ocean Pines Under Contract Listings
19
50
45
40
35
30
25
20
15
10
5
0
14
Ocean Pines
353 properties went under contract in Ocean
Pines during 2014, which was a 12% increase
in activity over the 316 Ocean Pines properties
that went under contract during 2013.
32
11
12
13
14
11
12
13
14
354
296
292
272
328
291
294
244
293
281
320
253
294
288
334
302
312
344
340
290
324
284
289
272
301
334
292
322
324
295
290
309
285
326
334
600
550
500
450
400
350
300
250
200
150
100
324
Ocean City
The average price of properties that went under
contract in Ocean City during 2014 was
$293,000, which was down by 4% from the
2013 average pending listing price of $306,000.
310
Under Contract Listing Prices
11
12
13
14
249
260
252
245
271
262
285
243
285
236
233
238
236
191
264
235
243
262
290
245
250
252
272
183
241
264
287
254
243
232
267
239
221
250
264
300
262
350
265
400
237
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during 2014 was
$255,000, which was a 3% increase over the
2013 average pending listing price of $248,000.
200
150
100
11
12
13
14

Nicholas Bobenko
Direct: 443-614-9179
Blog Articles View helpful articles that can assist you with buying and selling real estate
153
136
145
110
153
140
150
150
164
133
152
123
149
136
58
71
75
67
100
89
93
114
152
134
141
114
131
130
123
133
150
112
183
138
158
151
200
View Ocean Citys New Listings
200
250
119
Ocean City
1581 properties were listed in Ocean City
during 2014, which was down by 3% from the
1632 properties that were listed in 2013.
189
New Listing Volume
50
0
11
12
13
14
Ocean Pines
469 properties were listed in Ocean Pines
during 2014, which was up by 8% over the 436
properties that were listed in 2013.
51
24
21
11
19
33
39
41
27
25
32
34
41
56
56
54
34
35
32
28
12
10
22
39
13
30
23
30
34
26
40
20
37
50
View Ocean Pines New Listings
35
43
48
60
40
55
70
51
66
80
10
0
11
12
13
14
New Listing Prices
336
286
312
336
370
307
344
328
296
334
363
301
329
289
325
370
394
372
341
342
323
305
284
311
323
365
297
309
297
352
362
336
345
354
400
325
408
500
305
Ocean City
The average new listing price in Ocean City
during 2014 was $333,000, which was virtually
unchanged from the 2013 average new listing
price of $337,000.
300
200
100
11
12
13
14
302
268
281
318
325
264
204
276
334
325
324
361
280
315
336
360
285
335
283
314
302
306
272
323
359
258
294
324
337
266
255
305
257
300
273
335
400
308
500
288
Ocean Pines
The average price of new listings in Ocean
Pines during 2014 was $308,000, which was
up by 3% over the 2013 average new listing
price of $300,000.
200
100
11
12
13
14

Ocean City Real Estate Report - Jan. 2015

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Ocean City and Ocean Pines Market Report

Active Listing Volume

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 Ocean Citys Under Contract Listings

Under Contract Listing Volume

View Ocean Pines Under Contract Listings

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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