At The Beach – Ocean City Maryland

January 2007 Sales and Settlement Activity of condos in Coastal Ocean City Maryland 2006 vs 2007 continue a downward trend. Compared to a year ago, 2007 reflects (for the Ocean City Md Condo Market) a decrease in contracts for purchase of – 22 percent! Actual settlements for the Month of January, 2007 Ocean City MD decreased by 43 percent! [...]

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 [...]

Real Estate Sales Data provided by the Coastal Association of REALTORS in Maryland (source)  (Serving Ocean City MD and nearby Inland communities) reports a continuing decline in Condominium Real Estate Sales in Ocean City Maryland for the month of Sept 2006 compared to Sept 2005.  New Ocean City Maryland Condo Sales Contracts executed in Sept of 2006 dropped [...]

It’s mid September 2006 – A busy summer here for sure, but now we shall be back to periodically offering information and updates and even some personal commentary. Real Estate condominium sales continue in the “bubble burst” mode.  Condominium settlements for August 2006 compared to August 2005 were down 55 percent.  New contracts generated in [...]

The real estate condominium market in Ocean City Md has continued to deflate and spiral downward towards  the doldrums of the late 1980′s and early 1990′s. It has truly now become a buyers market, with a historic high number of condo units for sale and monthly sales (settlements) dropping by almost 40 percent for the first 3 months [...]