ocean city md real estate market report

7/29/2019 Ocean City MD Real Estate Market Report

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M A M J J A S O N D J F11


M A M J J A S O N D J

Ocean City Active Listing VolumeOcean CityThe current Ocean City inventory stands at1114 properties, which is down by 22% fromthis point in 2012. It is typical to see a bumpup in inventory this time of year as most Sellersbegin listing their properties for the upcomingseason. The next couple of months will seethe best selection of properties that will beavailable all year.

Search All Ocean City Listings

Ocean PinesThere are currently 143 properties for sale inOcean Pines, which is down by 24% fromFebruary of last year. As with Ocean City wewill see a flat or slightly increasing inventorylevel over the next couple of months as Sellerslist their properties in anticipation of the busyseason. Some of the better options will beavailable in the coming months.

Search All Ocean Pines Listings

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F10




Ocean Pines Active Listing Volume

Ocean CityThe current average active listing price inOcean City is $351,000 and the median is$279,000, both of which are down slightly fromthis point last year. A majority of the currentOcean City inventory is in the $300,000 andbelow range resulting in the decrease in thisvalue. There are currently only 175 listings inOcean City over $500,000.

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

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

Ocean PinesThe average and median active listing prices inOcean Pines are currently $315,000 and$258,000 respectively. The average pricevalue has remained in the same range sincethe spring of last year. This is a reassuringsign as there has been considerable salesactivity at these prices.

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F10




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 City55 properties settled in Ocean City duringFebruary bringing the YTD total to 98, which isup slightly from this point last year. The year isoff to a good start and considering that thereare a total of 120 properties under contract inOcean City this is a trend that will continue.

View Ocean Citys February Sold Listings

Ocean Pines10 properties sold in Ocean Pines duringFebruary bringing the YTD total to 20 settledproperties. This is down slightly from this pointlast year, which can be attributed to highactivity levels last winter. With 60 propertiescurrently under contract in Ocean Pines lookfor some very good months ahead for theOcean Pines market.

View Ocean Pines February Sold Listings

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

Ocean Pines Sold Listing Volume

Ocean City

The average and median sold listing prices inOcean City for February were $293,000 and$250,000 respectively. This value hasbounced around a bit, however it has improvedsince the middle of last summer.

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Ocean City Sold Listing Prices Avg. PriceMed. Price

Ocean PinesThe average and medial sold property prices inOcean Pines for February were $237,000 and$190,000, representing 11% and 14%increases respectively over the February 2012values. The average value has showedconsiderable improvement since the Summerlast year.

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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?zn1btg9wb0o,11,1http://www.flexmls.com/link.html?zn1btg9wb0o,11,1http://www.flexmls.com/link.html?zn1btebbfwc,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?zn1btebbfwc,11,1http://www.flexmls.com/link.html?zn1btg9wb0o,11,1


3/6

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Ocean City Sold Price/Sq. Ft.Ocean CityThe average sold price per square foot inFebruary was $239, which is up by 3% fromFebruary of 2012. The trend line has been ona steady ascent since last summer and is apositive sign of stability and good things tocome.

Ocean PinesThe average sold price per square foot inOcean Pines in February was $156, which isup by 12% from February of last year. Thisvalue has shown considerable improvementsince late Summer of last year.

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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 February of last year. This valuewill remain flat for a month or 2 as the seasonalinventory comes on the market and will thenresume its descent.

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Ocean City Absorption Rates

Ocean PinesThe absorption rate in Ocean Pines currentlystands at 7 months, which is down by 2 monthsfrom 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 CityOcean City real estate is currently selling at94% of the listing price. As the inventorycontinues to tighten with increased competitionfor the better listings this value will continue toimprove.

Ocean PinesProperty in Ocean Pines is currently selling at95% of the listing price, which is a considerableimprovement over February of last year. Thisincrease is attributed to the fact that inventoryis down in Ocean Pines that is leading tohigher sales prices for the more attractivelistings.

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Ocean Pines Sold to List Price Ratio

Ocean CityProperty that sold during February averaged145 days on the market. It is typical to see aspike in this value this time of year as we arecoming out of our slowest season. Look forthis value to decrease in the coming months aswe are seeing the well priced properties ingood condition go under contract quickly.

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Ocean City Avg. Days on Market

Ocean PinesOcean Pines property that is selling is currentlyaveraging 173 days on the market. The bumpup over the past couple of months is a result ofthe time of year and the fact that a few of thelistings that sold were overpriced for aconsiderable amount of time.

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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 City84 properties went under contract in OceanCity during February bringing the YTD total to164, representing a 5% decrease in activityfrom this point last year. This decrease can beattributed to the fact that we saw high activitylevels in the 4

thquarter of 2012 that ultimately

pulled some of the demand from these months.

View Ocean City Properties Under Contract

Ocean Pines28 properties went under contract in Februarybringing the YTD total to 48, which is a 50%increase in activity over this time last year.With this amount of activity and the fact thatsold prices have been up in Ocean Pines forseveral consecutive it is safe to say that theOcean Pines market has stabilized.

View Ocean Pines Properties Under Contract

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Ocean Pines Under Contract Listing Volume

Ocean CityThe average and median price of propertiesthat went under contract during February inOcean City were $289,000 and $246,000respectively. 45 of the pending properties thismonth were between $60,000 and $250,000which is keeping this value down.

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Ocean City Under Contract Listing Prices

Ocean PinesThe average and median price of propertiesthat went under contract in Ocean Pines duringFebruary were $241,000 and $232,000respectively. This value is all over the placedepending on what properties are selling in agiven months. If a handful of waterfrontproperties sell it will be up. If older interiorproperties are selling then it will be down.

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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?zn1bti2rycj,11,1http://www.flexmls.com/link.html?zn1btjyptol,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?zn1btjyptol,11,1http://www.flexmls.com/link.html?zn1bti2rycj,11,1


6/6

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F10




Ocean City New Listing VolumeOcean City134 new properties were listed in February,representing a 15% decrease from February oflast year. This brings the YTD total to 186properties, which down by 11% from this timein 2012. Simply put, there is considerably lessinventory coming on the market than previousyears leading to increased competition andhigher sales prices for the more attractivelistings.

View Ocean Citys New Listings

Ocean Pines32 new properties were listed in Ocean Pinesduring February, which is on pace withFebruary of 2012. These increases over theWinter months are typical for our market andthe best selections of properties will beavailable over the next couple of months.

View Ocean Pines New Listings

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Ocean Pines New Listing Volume

Ocean CityThe average new listing price in Ocean Cityduring February was $323,000 and the mediancame in at $280,000. There were a good mixof properties listed during the month whichhelped this value return to normal levels.

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Ocean City New Listing Prices

Ocean PinesThe average new listing price in Ocean Pinesfor February was $272,000 and the mediancame in at $234,000. The previous monthssaw a fair amount of waterfront property beinglisted which caused this value to jump up.February saw a good mix of price ranges listedthat brought this value back 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?zn1btogqgl1,11,1http://www.flexmls.com/link.html?zn1btogqgl1,11,1http://www.flexmls.com/link.html?zn1btmlenys,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?zn1btmlenys,11,1http://www.flexmls.com/link.html?zn1btogqgl1,11,1

ocean city md real estate market report

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