Real Estate Condo Sales – Nov and Dec 2006 Acvitity – Ocean City Md
December 31st, 2006
Real Estate Condo sales activity in November 2006 continue to reflect significant declines from previous years along the Delmarva Coast, including Ocean City Md and the Delaware Seashore Resort Areas. New Construction activity has slowed and some major planned new developments have halted their plans to break ground. At the end of November 2006, year to date condo settlements in Ocean City MD were down 45% compared to the end of November 2005. It’s a buyers market and those sellers who are able and willing to reduce their asking prices may ultimately find a willing buyer at reduced prices. Selling prices for Nov 2006 show a 7% average lower price than the original asking price of Sellers. You can review the entire November 2006 Condo Sales Activity report for Ocean City MD by visiting the Coastal Association of REALTORS web site.. For Dec 2006 listing and sales data for Condo sales in Ocean City MD real estate CLICK HERE. I encourage you to use a professional real estate agent when selling or buying real estate. You will find many qualified REAL ESTATE agents representing buyers and sellers of Real Estate in Ocean City, Ocean Pines, Berlin Maryland and Delaware Seashore including Fenwick Island, Bethany Beach and Rehoboth Beach by CLICKING HERE: