Ocean City Real Estate Report - Feb. 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
Search All Ocean City Listings
1005
1073
990
1126
1105
1112
1130
1108
1104
1143
1113
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
1600
1426
Ocean City
There are currently 1005 properties for sale in
Ocean City, representing a 2% increase over
January of last year.
1393
Active Listing Volume
800
600
400
200
0
169
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
179
192
188
200
Search All Ocean Pines Listings
188
250
192
300
172
Ocean Pines
There are currently 169 properties for sale in
Ocean Pines, which is virtually unchanged from
251
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 J
12
13
14
15
100
50
0
12
13
14
15
Active Listing Prices

550
341
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
400
368
450
366
500
364
Ocean City
The average listing price in Ocean City is
currently $341,000 and the median listing price
is $282,000, both of which are at the same
levels as January of last year.
350
300
250
200
150
12
13
14
15
550
500
315
331
319
325
321
321
331
339
333
348
338
332
320
315
309
327
320
325
325
320
330
336
321
315
320
316
322
316
329
320
325
320
317
310
350
308
400
321
450
310
Ocean Pines
The average listing price in Ocean Pines is
currently $315,000 and the median listing price
is $260,000. The average price is down by
1.5% from January of 2014 and the median
price is up by 2%.
300
250
200
150
12
13
14
15

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

Ocean City
53 properties went to settlement in Ocean City
during January, representing a 29% increase in
activity over January of last year.
53
72
63
101
87
95
115
79
87
68
41
54
67
55
36
43
57
94
77
88
96
91
84
67
82
89
91
72
92
60
80
60
86
72
100
View Ocean Citys Sold Listings
99
99
120
92
140
113
120
160
40
20
0
12
13
14
15
Ocean Pines
25 Ocean Pines properties went to settlement
during January, representing a 79% increase in
activity over January of last year.
60
25
33
17
25
33
30
28
28
12
14
25
25
27
17
25
22
22
25
26
10
10
18
15
17
22
25
20
14
16
12
20
23
30
28
28
33
40
View Ocean Pines Sold Listings
31
38
42
50
10
0
12
13
14
15
Sold Listing Prices

500
277
251
293
288
325
267
298
263
293
295
263
260
275
307
266
307
306
338
306
294
316
279
293
275
300
281
284
282
311
282
270
259
300
299
350
277
318
400
310
450
260
Ocean City
The average sold listing price in Ocean City
during January was $277,000 and the median
sold listing price was $229,000, both of which
were virtually unchanged from their January
2014 levels.
250
200
150
100
227
263
228
233
249
247
233
231
260
187
217
269
293
270
260
247
246
218
217
236
237
257
220
225
251
275
290
198
210
199
230
221
250
222
242
270
262
290
259
270
310
214
Ocean Pines
The average sold listing price in Ocean Pines
sold listing price was $210,000. The median
sold listing price was up by 8% over January of
2014.
294
12
13
14
15
190
170
150
12
13
14
15

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 in
Ocean City during January was $248, which
was up by 3% over January of 2014.
259
248
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
228
250
245
224
231
300
232
350
200
150
100
12
13
14
14
Ocean Pines
The average sold price per square foot in
Ocean Pines during January was $128, which
was down considerably from January of last
year.
128
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
152
136
150
136
139
200
162
250
100
50
12
13
14
15
Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 12 months, which is unchanged from
its January 2014 level.
30
25
20
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 12
10
5
0
12
13
14
15
Ocean Pines
The absorption rate in Ocean Pines currently
stands at 6.5 months, which is down slightly
from its January 2014 level.
11 11 11
12
10
8
10
9
8
8.5 8.5
9
8
10 10
9
8
8
7
8
7
8
7
6.5
6
4
2
0
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
12
13
14
J A S O N D J
15

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%
94%
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%
96%
93%
98%
92%
100%
93%
Ocean City
Ocean City property that went to settlement
during January sold on average at 94% of the
listing price, which was unchanged from
January of 2014.
92%
90%
88%
86%
84%
82%
80%
94%
96%
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%
96%
93%
98%
95%
100%
91%
Ocean Pines
Ocean Pines properties that went to settlement
during January sold on average at 96% of the
listing price, which was a two-point
improvement over January of last year.
96%
12
13
14
15
92%
90%
88%
86%
84%
82%
80%
12
13
14
15
170
166
156
200
158
152
205
143
156
145
244
195
198
134
141
169
111
104
160
194
144
126
145
145
103
81
153
117
249
215
260
241
257
239
259
500
450
400
350
300
250
200
150
100
50
0
247
Ocean City
Ocean City properties that went to settlement
during January averaged 170 days on market,
which was down by 14% from January of 2014.
241
Average Days on Market
185
130
118
115
125
90
84
101
150
156
143
97
89
128
129
118
109
40
92
89
94
100
157
164
167
123
173
184
163
156
233
155
119
150
150
200
169
215
250
136
Ocean Pines
Ocean Pines properties that sold in January
averaged 185 days on the market, which was
an 18% increase over January of last year.
223
12
13
14
15
50
0
12
13
14
15

Nicholas Bobenko
Direct: 443-614-9179
Community Pages Find all of the relevant information for each OC market area in one place
33
27
40
69
71
78
97
113
112
95
97
77
55
57
74
74
86
96
85
93
52
60
106
119
101
84
80
85
91
117
69
80
69
100
View Pending Sales in Ocean City
106
121
90
120
109
103
140
101
Ocean City
69 properties went under contract in Ocean
City during January, which was a 10%
decrease in activity from January of 2014.
133
Under Contract Listing Volume
20
0
29
30
24
19
20
21
19
31
36
36
35
35
38
30
33
26
23
25
35
38
35
25
28
20
17
20
25
24
31
34
35
21
View Pending Sales in Ocean Pines
18
50
45
40
35
30
25
20
15
10
5
0
14
Ocean Pines
31 properties went under contract in Ocean
Pines during January, representing a 48%
increase in activity over January of last year.
32
12
13
14
15
12
13
14
15
354
308
296
292
272
328
291
294
244
293
281
320
288
253
294
334
302
344
312
340
290
324
284
289
272
301
334
292
322
324
295
290
309
285
326
600
550
500
450
400
350
300
250
200
150
100
334
Ocean City
The average price of properties that went under
contract in Ocean City during January was
$308,000 and the median price was $261,000,
both of which were up by 22% and 12%
respectively over January of 2014.
324
Under Contract Listing Prices
12
13
14
15
281
249
260
252
245
271
262
285
243
285
236
233
238
191
236
264
235
262
243
290
245
250
252
272
183
241
264
287
254
243
232
267
221
250
239
300
264
350
265
400
237
Ocean Pines
The average price of properties that went under
contract in Ocean Pines during January was
$238,000 and the median price was $224,000,
both of which were up by 18% and 22%
respectively over January of last year.
200
150
100
12
13
14
15

Nicholas Bobenko
Direct: 443-614-9179
Blog Articles View helpful articles that can assist you with buying and selling real estate
89
58
71
75
100
126
153
136
145
110
164
153
140
150
150
133
152
123
149
136
93
114
152
134
141
114
131
130
123
133
150
View Ocean Citys New Listings
112
183
138
158
151
200
200
250
119
Ocean City
126 new properties were listed in Ocean City
during January, which was down by 5% from
January of 2014.
189
New Listing Volume
50
0
12
13
14
15
51
24
21
11
19
33
36
39
41
27
25
32
34
41
56
54
34
35
10
12
20
32
28
39
23
30
34
22
30
26
40
37
50
View Ocean Pines New Listings
35
43
48
60
40
55
70
56
66
80
51
Ocean Pines
36 new properties were listed in Ocean Pines
during January, which was up by 33% over
10
0
12
13
14
15
New Listing Prices
360
336
286
312
336
370
344
307
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
354
400
345
408
500
325
Ocean City
The average new listing price in Ocean City
new listing price was $278,000. The average
new listing price was down by 3% from January
of last year and the median new listing price
was up by 5%.
300
200
100
12
13
14
15
262
302
268
281
264
318
325
204
276
325
334
324
361
280
315
336
360
285
335
283
302
314
306
272
323
359
258
294
337
266
324
308
305
255
300
257
400
335
500
273
Ocean Pines
The average new listing price in Ocean Pines
new listing price was $219,000, both of which
were down by 17% from January of 2014.
200
100
12
13
14
15

Ocean City Real Estate Report - Feb. 2015

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Ocean City Real Estate Report - Feb. 2015

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Ocean City and Ocean Pines Market Report

Search All Ocean City Listings

Active Listing Volume

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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