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Every newspaper you read and television show you turn on talks about how bad real estate is and how much the market is declining in price, sales etc... Well, to much of everyone's suprise Worcester county Maryland, ended the year up in sales on condos!!! Ocean city which handles the bulk of sales in Worcester county is primarily a resort, and second home market. Majority of sales in Ocean City are condos. This is a good sign to see consumers purchasing second homes. Surely the aggresive prices have helped with sales, but the great news is there was a substantial increase in settlements in 2008 vs. 2009!!
There was a total of 822 condos sold in 2009 vs 675 in 2008!! This was a gain of 21.8%. Hopefully this trend will continue. Another good sign is that in the price range of $500-599,000 sales were up from 57 in 2008 to 84 in 2009, and $700-799,000 up from 16 in 2008 to 30 in 2009,showing the buyer demographic is not just concentrated in lower price ranges. The eastern shore as a whole is still showing strong sales, and it certainly is a great time to buy!!! Here are the numbers below:
Residential Market Report
New This Month Total Actives
Price Range 2009 2008 % Change 2009 2008 % Change
0 - 149,999 11 10 10.0 75 54 38.9
150,000 - 199,999 8 12 -33.3 194 154 26.0
200,000 - 299,999 36 36 0.0 387 415 -6.7
300,000 - 399,999 21 34 -38.2 300 327 -8.3
400,000 - 499,999 9 25 -64.0 226 272 -16.9
500,000 - 599,999 6 8 -25.0 122 142 -14.1
600,000 - 699,999 4 4 0.0 51 67 -23.9
700,000 - 799,999 3 1 200.0 31 49 -36.7
800,000 - 899,999 2 2 0.0 35 33 6.1
900,000 - 999,999 0 0 N/A 15 31 -51.6
1,000,000 - 1,249,999 0 1 -100.0 17 24 -29.2
1,250,000 - 1,499,999 0 1 -100.0 13 32 -59.4
1,500,000 + 0 0 N/A 7 19 -63.2
Totals 100 134 -25.4 1473 1619 -9.0 New This Month Year To Date Price Range 2009 2008 % Change 2009 2008 % Change
0 - 149,999 4 2 100.0 41 21 95.2
150,000 - 199,999 7 4 75.0 102 74 37.8
200,000 - 299,999 13 11 18.2 209 166 25.9
300,000 - 399,999 10 6 66.7 199 147 35.4
400,000 - 499,999 6 7 -14.3 137 97 41.2
500,000 - 599,999 3 3 0.0 63 59 6.8
600,000 - 699,999 1 2 -50.0 28 34 -17.6
700,000 - 799,999 0 0 N/A 28 20 40.0
800,000 - 899,999 1 0 N/A 7 17 -58.8
900,000 - 999,999 1 1 0.0 6 14 -57.1
1,000,000 - 1,249,999 1 1 0.0 35 14 150.0
1,250,000 - 1,499,999 0 1 -100.0 30 13 130.8
1,500,000 + 1 0 N/A 12 11 9.1
Totals 48 38 26.3 897 687 30.6 New This Month Year To Date Price Range 2009 2008 % Change 2009 2008 % Change
0 - 149,999 3 0 N/A 47 22 113.6
150,000 - 199,999 5 4 25.0 92 90 2.2
200,000 - 299,999 13 12 8.3 219 168 30.4
300,000 - 399,999 12 9 33.3 170 139 22.3
400,000 - 499,999 8 11 -27.3 114 94 21.3
500,000 - 599,999 3 6 -50.0 82 57 43.9
600,000 - 699,999 2 2 0.0 47 43 9.3
700,000 - 799,999 2 2 0.0 30 16 87.5
800,000 - 899,999 1 1 0.0 8 14 -42.9
900,000 - 999,999 0 0 N/A 4 11 -63.6
1,000,000 - 1,249,999 0 0 N/A 5 5 0.0
1,250,000 - 1,499,999 0 0 N/A 3 5 -40.0
1,500,000 + 0 0 N/A 1 11 -90.9
Totals 49 47 4.3 822 675 21.8
NOTES: Properties not listed through Coastal Association of
REALTORS® are not reflected. The term "sales" represents ratified
purchase contracts. Current year information is preliminary and
subject to revision. Current year-to-date contract information may
not equal the sum of the monthly contract totals reported.
Copyright © 2009 by Coastal Association of REALTORS® Listings Contracts Settlements HOUSING REPORT Condominiums December 2009 For 12/2009 Average Median
Days on Market 378 148
List Price $471,084 $325,000
Sales Price $355,837 $315,000
Sell Price/
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If you would like to preview any of these Ocean City Maryland Condo listings
give me a call @ 443-614-5676.

New Listings
| MLS # | List Price | Bedrooms | Full Baths | Half Baths | Building Name | Year Built | Est Sq. Ft. | MLS Area |
| 463586 | $359,900 | 2 | 2 | 0 | Atlantis | 1975 | 938 | Ocean City (Direct Oceanfront) |
| 463599 | $629,900 | 4 | 2 | 1 | Beachwalk | 1966 | 1536 | Ocean City (Direct Oceanfront) |
| 463624 | $395,000 | 2 | 1 | 1 | North Shore | 1969 | 882 | Ocean City (Direct Oceanfront) |
| 463626 | $549,000 | 3 | 2 | 0 | Camelot A | 1973 | 1296 | Ocean City (Direct Oceanfront) |
| 463670 | $385,000 | 2 | 2 | 0 | English Towers | 1974 | 1014 | Ocean City (Direct Oceanfront) |
| 463675 | $419,900 | 2 | 2 | 0 | Century 1 | 1975 | 1188 | Ocean City (Direct Oceanfront) |
| 463677 | $247,500 | 1 | 1 | 0 | Sea Gate | 1973 | 874 | Ocean City (Direct Oceanfront) |
| 463698 | $699,900 | 3 | 2 | 0 | Ocean Breeze II | 2000 | 1338 | Ocean City (Direct Oceanfront) |
Pending
| MLS # | List Price | Bedrooms | Full Baths | Half Baths | Building Name | Year Built | Est. Sq. Ft. | MLS Area |
| 454132 | $459,000 | 2 | 2 | 0 | Ocean Walk | 1982 | 1096 | Ocean City (Direct Oceanfront) |
| 459176 | $399,900 | 2 | 2 | 0 | Waikiki | 1987 | 918 | Ocean City (Direct Oceanfront) |
| 461935 | $385,000 | 2 | 2 | 0 | Surfs Edge | 1984 | 1252 | Ocean City (Direct Oceanfront) |
| 462315 | $289,900 | 1 | 1 | 1 | Ocean Place | 1983 | 662 | Ocean City (Direct Oceanfront) |
| 463603 | $809,900 | 3 | 3 | 0 | Gateway Grand | 2008 | 1790 | Ocean City (Direct Oceanfront) |
Price Changes
| MLS # | List Price | Bedrooms | Full Baths | Half Baths | Building Name | Year Built | Est. Sq. Ft. | MLS Area |
| 462545 | $620,000 | 3 | 2 | 0 | Rainbow | 1984 | 2128 | Ocean City (Direct Oceanfront) |
| 435730 | $524,900 | 2 | 2 | 0 | Golden Beach | 1984 | 935 | Ocean City (Direct Oceanfront) |
| 436668 | $360,000 | 2 | 2 | 0 | English Towers | 1974 | 1014 | Ocean City (Direct Oceanfront) |
| 456388 | $375,000 | 2 | 2 | 0 | Ocean Towers | 1972 | 1040 | Ocean City (Direct Oceanfront) |
| 446957 | $449,900 | 3 | 2 | 0 | Haverhill | 1971 | 1112 | Ocean City (Direct Oceanfront) |
| 447230 | $464,000 | 2 | 2 | 0 | Oceana | 1974 | 1041 | Ocean City (Direct Oceanfront) |
| 458971 | $499,000 | 2 | 2 | 0 | 9400 | 1974 | 1137 | Ocean City (Direct Oceanfront) |
| 460400 | $282,500 | 1 | 1 | 1 | Pyramid | 1975 | 730 | Ocean City (Direct Oceanfront) |
| 460624 | $144,900 | 0 | 1 | 0 | Atlantis | 1975 | 364 | Ocean City (Direct Oceanfront) |
| 461899 | $374,900 | 2 | 2 | 0 | Braemar Towers | 0 | 908 | Ocean City (Direct Oceanfront) |
Sold/Closed
| MLS # | List Price | Sold Price | Bedrooms | Full Baths | Half Baths | Building Name | Year Built | Est. Sq. Ft. | MLS Area |
| 457434 | $350,000 | $308,000 | 2 | 1 | 0 | Golden Sands | 1975 | 825 | Ocean City (Direct Oceanfront) |
| All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction. |
Information is from the multiple listing service and neither suggests nor infers Scott G. Guay or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.
___________________________________________________________
Whether you are looking for Homes for Sale or selling a home in Ocean City or Ocean Pines Maryland, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.
In addition, if you have any general questions about Homes for Sale or are thinking of selling your real estate in Ocean City or Ocean Pines Maryland, please contact me as I'm more than willing to help.
Please browse my website for reports and important local real estate information for Ocean City, Ocean Pines, West Ocean City, Berlin, Snow Hill and Bishopville.

Scott G. Guay | Associate Broker | ABR, GRI, e-PRO
MD State Licensed | Ocean Pines Office
Coldwell Banker Residential Brokerage
11001 Manklin Creek Rd. Unit 4 | Berlin, MD 21811
Cell Phone: (443) 614-5676 / Office Direct (410) 641-6512
Office Phone: (410) 641-5700 | Fax: (410) 208-1200
Email: scott@oceancitywaterfront.com
On line at: www.oceancitywaterfront.com
www.twitter.com/scott_guay http://www.linkedin.com/in/scottguay
http://tinyurl.com/Scott-Guay-Facebook-FanPage
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Bank owned homes or Real Estate Owned homes (REO) are homes that have been foreclosed on by the lenders. These are homes that have not sold at the foreclosure auction, and are now owned by the bank.
The BEST way to search for and buy Bank Owned homes, is by using the services of an experienced Realtor.
If you are looking to buy Bank Owned Real Estate in the Ocean City, Ocean Pines, Berlin, Bishopville, Snow Hill areas, you need a Real Estate agent that is armed with the information and tools you need.
As an Associate Broker, Accredited Buyers Representative and e-Pro Internet Professional I can assist you through the whole buying process.
If you are looking for Bank Owned property in Ocean City Maryland below is a link to all currently listed Bank Owned Properties in Ocean City Maryland.
Active Ocean City Maryland Bank Owned Property Listings
If you have any general questions about Homes for Sale or are thinking of selling your real estate in Ocean City or Ocean Pines Maryland, please contact me as I'm more than willing to help.
Please browse my website for reports and important local real estate information for Ocean City, Ocean Pines, West Ocean City, Berlin, Snow Hill and Bishopville.
Scott G. Guay | Associate Broker | ABR, GRI, e-PRO
MD State Licensed | Ocean Pines Office
Coldwell Banker Residential Brokerage
11001 Manklin Creek Rd. Unit 4 | Berlin, MD 21811
Cell Phone: (443) 614-5676 / Office Direct (410) 641-6512
Office Phone: (410) 641-5700 | Fax: (410) 208-1200
Email: scott@oceancitywaterfront.com
On line at: www.oceancitywaterfront.com
www.twitter.com/scott_guay http://www.linkedin.com/in/scottguay
http://tinyurl.com/Scott-Guay-Facebook-FanPage
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