ocean city md real estate market report - jan. 2013

7/29/2019 Ocean City MD Real Estate Market Report - Jan. 2013

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F M A M J J A S O N D J11


F M A M J J A S O N D

Ocean City Active Listing VolumeOcean CityThe Ocean City inventory currently stands at1089 properties, which is down by 1.3% fromlast month and 22% from January of last year.We have been on a steady decent for going ona year now and this is a trend that will continuewith the high amount of activity that we arecurrently experiencing.

Search All Ocean City Listings

Ocean PinesThere are currently 141 properties on themarket in Ocean Pines, representing a 18%decrease from this point last year. This is,dare I say, a normal inventory level. Ianticipate that this will increase slightly in theSpring, which isnt necessarily a bad thing asthe Ocean Pines inventory has been pickedover.

Search All Ocean Pines Listings

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Ocean Pines Active Listing Volume

Ocean CityThe current average listing price is $354,000and the median came in at $280,000. Both ofthese values are down slightly from where theywere this time last year. This is typical for thistime of year during our slow season. Sellersthat need to sell must get aggressive with theirlisting prices to attract the necessary attention.

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F M A M J J A S O N D J

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Ocean City Active Listing PricesAvg. PriceMed. Price3 per. Mov. Avg. (Avg. Pric

Ocean PinesThe average active listing price in Ocean Pinesis currently $316,000 and the median is$255,000. This represents a 2% increase inthe average price and a 5% increase in themedian price over January 2012 levels. Amajority of the current inventory in OceanPines is in the lower price ranges, which hassubsequently caused this value to decreaseover the past few months.

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Ocean Pines Active Listing PricesAvg. Price

Med. Price

3 per. Mov. Avg. (Avg. Price)

3 per. Mov. Avg. (Med. Price)

Active Listing Prices

Active Listing Volume

Ocean City and Ocean Pines Market Repor

Direct: 443-614-917

Email: [email protected]

Web: oceancitycondosandhomes.com

New Listing Updates

Sign up for email updates with new listings and price adjustments

for the type of properties you are looking for

Search All Area Listings

We provide the most advanced consumer search available that is

linked directly to the Multiple Listing Service that we use.

A Division of The Mark Fritschle Group | Condominium Realty LTD
http://link.flexmls.com/x3i5g1pm5ms,11http://link.flexmls.com/x3i5g1pm5ms,11http://link.flexmls.com/x3i5g1pm5ms,11mailto:[email protected]://www.oceancitycondosandhomes.com/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://link.flexmls.com/wutj6i3c3y0,11http://link.flexmls.com/wutj6i3c3y0,11http://link.flexmls.com/wutj6i3c3y0,11http://link.flexmls.com/wutj6i3c3y0,11http://oceancitycondosandhomes.com/ocean-city-md-real-estate-property-updates/http://www.oceancitycondosandhomes.com/mailto:[email protected]://link.flexmls.com/x3i5g1pm5ms,11http://link.flexmls.com/x3i5g1pm5ms,11


2/6

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Ocean City Sold Listing VolumeOcean City43 properties settled in Ocean City duringJanuary, representing a 20% increase inactivity of January of last year. I havepersonally never seen the amount of activitythat we are currently experiencing in themarket during January, which is certainly apositive sign of things to come.

View Ocean Citys January Sold Listings

Ocean Pines10 properties sold in Ocean Pines duringJanuary, which is down from the 16 that sold inJanuary of last year. The past few monthshave been somewhat quiet, however it appearsthat this is getting ready to change with 20properties going under contract duringJanuary.

View Ocean Pines January Sold Listings

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F M A M J J A S O N D 1

Ocean Pines Sold Listing Volume

Ocean City

The average sales price in Ocean City duringJanuary was $281,000 and the median was$240,000. The average sales price representsa 7% increase over January of last year nota bad way to get things started.

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Ocean City Sold Listing Prices Avg. PriceMed. Price

Ocean PinesThe average sale price in Ocean Pines duringJanuary was $251,000 and the median camein at $247,000. As usual this graph is all overthe place with some pretty big swings, howeverboth values have improved considerably sincelast Summer. 2

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Ocean Pines Sold Listing PricesAvg. Price

Med. Price

3 per. Mov. Avg. (Avg. Pr

Sold Listing Prices

Sold Listing Volume


Direct: 443-614-9179



Recently Sold Listings Sold Listing Updates

View Multiple Listing Service reports of the properties that have

sold over the most recent 90 day period, broken down by area.

Sign up to get email updates when properties sell in areas that are of

interest to you, based on your specifications.

http://www.flexmls.com/link.html?zm1jdr68z75,11,1http://www.flexmls.com/link.html?zm1jdr68z75,11,1http://www.flexmls.com/link.html?zm1jdtafudj,11,1mailto:[email protected]://www.oceancitycondosandhomes.com/http://www.oceancitypro.com/just-sold.asphttp://www.oceancitypro.com/ocean-city-sold-data.asphttp://www.oceancitypro.com/just-sold.asphttp://www.oceancitypro.com/just-sold.asphttp://www.oceancitypro.com/ocean-city-sold-data.asphttp://www.oceancitypro.com/ocean-city-sold-data.asphttp://www.oceancitypro.com/ocean-city-sold-data.asphttp://www.oceancitypro.com/just-sold.asphttp://www.oceancitycondosandhomes.com/mailto:[email protected]://www.flexmls.com/link.html?zm1jdtafudj,11,1http://www.flexmls.com/link.html?zm1jdr68z75,11,1


3/6

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Ocean City Sold Price/Sq. Ft.Ocean CityThe average sold price per square foot forJanuary was $255, representing a 14%increase over January of last year. This valuehas been on a steady ascent through the latefall and winter, which is another encouragingsign of things to come.

Ocean PinesThe average sold price per square foot inOcean Pines during January was $123. A totalof 10 properties sold during the month and halfof them were $250,000 or less, which causedthis value to drop off. In looking at theproperties currently under contract you canexpect this value to go back up in the comingmonths.

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Ocean Pines Sold Price/Sq. Ft.

Ocean CityThe absorption rate in Ocean City currentlystands at 13 months, which is down by 5months from January of last year. The steadydecrease in this value is being fueled by astrong sales pace and considerably less newinventory coming on the market.

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Ocean City Absorption Rates

Ocean PinesThe absorption rate in Ocean Pines currentlystands at 7 months, which is down by 1 monthfrom where we were this time last year. Iwould look for this value to stay flat for a fewmonths and then continue to decrease as theSpring buying season kicks in.

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Ocean Pines Absorption Rates

Absorption Rates

Sold Price/Sq. Ft.


Direct: 443-614-917



Foreclosures and Short Sales Distressed Listing Updates

View all of the foreclosure and short sale listings currently available

in Ocean City, Ocean Pines, Berlin and West Ocean City.

Sign up to receive email updates as the new foreclosure and short

sale listings hit the market in the areas that are of interest to you.

mailto:[email protected]://www.oceancitycondosandhomes.com/http://www.oceancitypro.com/foreclosuresshorts.asphttp://oceancitycondosandhomes.com/ocean-city-md-foreclosure-alerts/http://www.oceancitypro.com/foreclosuresshorts.asphttp://www.oceancitypro.com/foreclosuresshorts.asphttp://oceancitycondosandhomes.com/ocean-city-md-foreclosure-alerts/http://oceancitycondosandhomes.com/ocean-city-md-foreclosure-alerts/http://oceancitycondosandhomes.com/ocean-city-md-foreclosure-alerts/http://www.oceancitypro.com/foreclosuresshorts.asphttp://www.oceancitycondosandhomes.com/mailto:[email protected]


4/6

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Ocean City Sold to List Price RatioOcean CityThe sold to list price ratio for January in OceanCity was 93%. A slight decrease this time ofyear isnt unusual as Sellers get a bit moremotivated due to the lower activity levels.

Ocean PinesProperty sold for 95% of the listing price inOcean Pines during January. There werent alot of sales in January, however there wassome competition for a few of them, which ledto the increase in this value.

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F M A M J J A S O N D 1

Ocean Pines Sold to List Price Ratio

Ocean CityWe switched the value we used for this table inOctober to provide a more relevant picture.This value has steadily decreased sinceNovember and is indicative of the amount ofactivity currently in the market. We are startingto see the return of multiple offers for some ofthe more attractive listings, which is alsoleading to this values decrease.

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Ocean City Avg. Days on Market

Ocean PinesWe switched the value we used for this graphin October and since then we have had arange of 2 extremes. Averaging these 4months out we get 119 days, which I feel is theaccurate time frame.

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Ocean Pines Avg. Days on Market

Average Days on Market

Sold to List Price Ratios

Ocean City and Ocean Pines Market Repo

Direct: 443-614-91


Web: oceancitycondosandhomes.co

Selling Real EstateProperty Valuation

View our comprehensive marketing plan that we utilize to get our

clients the highest price possible in the shortest amount of time.

Fill out our quick property information form and we will email you

a comprehensive valuation report for your home or condo.

mailto:[email protected]://www.oceancitycondosandhomes.com/http://oceancitycondosandhomes.com/ocean-city-md-realtors-selling-ocean-city-real-estate/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://oceancitycondosandhomes.com/ocean-city-md-realtors-selling-ocean-city-real-estate/http://oceancitycondosandhomes.com/ocean-city-md-realtors-selling-ocean-city-real-estate/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://oceancitycondosandhomes.com/ocean-city-md-realtors-selling-ocean-city-real-estate/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-values/http://www.oceancitycondosandhomes.com/mailto:[email protected]


5/6

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Ocean City Under Contract Listing VolumeOcean City80 properties went under contract in OceanCity during January, representing a 16%increase in activity over January of 2012. Thisis great activity and will provide for strong 1

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quarter numbers.

View Ocean City Properties Under Contract

Ocean Pines20 properties went under contract in OceanCity during January, representing a 43%increase in activity over January of last year.This will more than make up for the slowDecember we had and provides a great start tothe year.

View Ocean Pines Properties Under Contract

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Ocean Pines Under Contract Listing Volume

Ocean CityThe average price of properties that wentunder contract in Ocean City during Januarywas $272,000 and the median came in at$223,000. 53 of the 80 properties that wentunder contract during the month were$300,000 or less, which caused this value todecrease.

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Ocean City Under Contract Listing Prices

Ocean PinesThe average price of properties that wentunder contract in Ocean Pines during Januarywas $272,000 and the median came in at$223,000. Ocean Pines had a good mix ofproperty types and sizes go under contractduring the month, which sent this value back tomore normal levels.

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Ocean Pines Under Contract Listing Prices

Under Contract Listing Prices

Under Contract Listing Volume

Direct: 443-614-917




Useful Buying InformationBuyer Action Plan

View a series of articles and videos that we have put together which

explain and outline the various phases of buying real estate.

View the plan and steps that we take to ensure our Buyer clients get

the best deal possible through a relaxed and stress free transaction.

http://www.flexmls.com/link.html?zm1jdzb7qwu,11,1http://www.flexmls.com/link.html?zm1jdw7q1qd,11,1mailto:[email protected]://www.oceancitycondosandhomes.com/http://oceancitycondosandhomes.com/category/buying-real-estate-in-ocean-city-maryland/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-buyers-guide/http://oceancitycondosandhomes.com/category/buying-real-estate-in-ocean-city-maryland/http://oceancitycondosandhomes.com/category/buying-real-estate-in-ocean-city-maryland/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-buyers-guide/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-buyers-guide/http://oceancitycondosandhomes.com/category/buying-real-estate-in-ocean-city-maryland/http://oceancitycondosandhomes.com/ocean-city-md-real-estate-buyers-guide/http://www.oceancitycondosandhomes.com/mailto:[email protected]://www.flexmls.com/link.html?zm1jdw7q1qd,11,1http://www.flexmls.com/link.html?zm1jdzb7qwu,11,1


6/6

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Ocean City New Listing VolumeOcean City152 new properties were listed during January,which is on pace with last year. This jump upis typical for this time of year as Sellers listtheir condos and homes in anticipation of thecoming season.

View Ocean Citys New Listings

Ocean Pines28 new properties were listed in Ocean Pinesduring January, which is on pace with Januaryof last year. This is a good thing for the OceanPines market as the current inventory has beenpicked over and they need some new options.

View Ocean Pines New Listings

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Ocean Pines New Listing Volume

Ocean CityThe average new listing price in Ocean City forJanuary was $311,000 and the median was$252,000. It is not unusual for listing prices tocome down slightly during the Winter monthsas it is necessary for Sellers to do that toattract attention during the slow months.

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Ocean City New Listing Prices

Ocean PinesThe average new listing price in Ocean Pinesfor January was $306,000 and the mediancame in at $240,000. We had an unusualspike in December due to a handful of higherpriced new listings and we are now returningback to normal levels.

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Ocean Pines New Listing Prices

New Listing Prices

New Listing Volume


Direct: 443-614-917



Just Listed Properties Search ALL Listings

Search all of the available area listings based on your specifications

through the MLS, which is the same database we utilize.

View new listings and price adjustments that have become available

over the most recent 7 day period, broken down by area.

http://www.flexmls.com/link.html?zm1je2kjr1z,11,1http://www.flexmls.com/link.html?zm1je2kjr1z,11,1http://www.flexmls.com/link.html?zm1je4gf5ch,11,1mailto:[email protected]://www.oceancitycondosandhomes.com/http://www.oceancitypro.com/just-listed.asphttp://link.flexmls.com/wutj6i3c3y0,11http://link.flexmls.com/wutj6i3c3y0,11http://link.flexmls.com/wutj6i3c3y0,11http://www.oceancitypro.com/just-listed.asphttp://www.oceancitypro.com/just-listed.asphttp://www.oceancitypro.com/just-listed.asphttp://link.flexmls.com/wutj6i3c3y0,11http://www.oceancitycondosandhomes.com/mailto:[email protected]://www.flexmls.com/link.html?zm1je4gf5ch,11,1http://www.flexmls.com/link.html?zm1je2kjr1z,11,1

ocean city md real estate market report - jan. 2013

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