As the year comes to an end, I thought I would give you an update of what happened in Ocean City sales market:
Condos Sold at the beach during 2007 - 753 from price range of $125,000 - $2.4 million
Homes Sold in Ocean Pines during 2007 - 255 from price range of $160,000 - $1.7
Homes sold in West Ocean City during 2007 474 from $115,000 up to $3.8 milliion
Current listings for sale in Ocean city (single family) - 117 from $275,000 - $3.8
Current listings for sale in Ocean City (condos) - 1604 from $124,500 to $3.8 million
Current listings for sale in Ocean Pines 275 from $164,900 to $2.9 million
As you can see the price range varies, therefore there has to be a price range that fits your budget.
If you want more details, or would like to get the a list of the listings that meet your needs, feel free to contact me.
It is still a great time to buy with high inventory, low interest rates, and negotiable sellers.
Have a great 2008. Linda Moran