Good Day from Ocean City Maryland!
Nice weather to kick off February! Sunny skies, and light winds with Temps in the Mid 50's. The surf is knee high and very week!
Here are the new Ocean City Real Estate listings for the past 4 days! It would be my pleasure to answer any questions on and or show you any of these properties.
Ocean City Maryland Real Estate New Listings for 2-02-09:
www.arismlsdpol.com/mls/mailgrid.asp?id=92214
Here are a few afternoon beach photos from 72nd St.
Ocean City Maryland Surf Report: FLAT
Ocean City Maryland Beach Photo 72nd St
It would be my pleasure to assist you, your friends, or family members in all their Ocean City Real Estate Needs!
Ryan Haley
Realtor
443-614-4370 Anytime!
Well we finally got a little of the white stuff! Just enough to cover the beach, roads, and perfect for a small snowman and some body-board sledding, which I must say works so much better then the old runner sleds. Here are a few rare pics of a "Snow Day at The beach".
New Ocean City Maryland Real Estate Listings:
www.arismlsdpol.com/mls/mailgrid.asp?id=91626
It would be my pleasure to assist you, your friends, or family members in all their Beach Real Estate Needs!
Ryan Haley
Associate Broker
Compass Resort Real Estate
443-614-4370 Anytime!
Well the numbers are in and the books are closed on 2008! All in all 2008 was not the best year for Real Estate. In most locals inventory is up and sales are way down. Ocean City is no exception to the rule, but there are some positive signs that the market may be changing and a possible stabilization could be in our cards for the very near future!
For the year, the total number of condo sales for the Ocean City Maryland market decreased by 17.9%. On the other hand, contrary to the national Real Estate Market, the total number of active condo listings has also decreased by 9.6%. There are presently 1,409 condos for sale which is the lowest level in 3 years.
We have all heard the news today that the National Association of Realtors has reported that for the month of November, Pending sales of existing homes has falling to its lowest level in 7 years. Well if Ocean City mirrors the rest of the U.S., then we may be in for a huge surprise for the month of December! Here at the beach the number of new contracts written in December (pending sales) jumped 41%! This is the first increase in contracts since February of 2008 and the largest increase since October of 2007! 50 year lows in interest rates combined with 2003 prices and pent up buyer demand have led to this major jump! Real Estate is, and always has been a local market. I am not saying that we are in the clear but there is light at the end of the tunnel!
P.S. Settlements for the month of December for Ocean City condos were also up 2.2%!
It is a great time to buy! Follow me and I will show you why!
Ryan Haley
Realtor - Associate Broker
443-614-4370
Compass Resort Real Estate
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