How is the Luxury Market?
The Million Dollar Market Report is focused exclusively on THE TOP OF THE LOCAL RESIDENTIAL MARKET and includes single family homes, condominiums and townhomes in Ocean City, Maryland.
Within the past 6 months the market has seen 9 closed sales, 2 pending sales and 22 active properties for sale.
The average listing price is $1,491,584 and the average sold price is $1,309,444 however, the highest sale price tag won an impressive $2,300,000 sale.
Real Estate price per square foot is determined by various factors such as age, condition and added value. The luxury average listing price square foot is currently $532.77 and the average sold price per square foot is $492.09.
The Million Dollar Market Report was prepared for Ocean City, Maryland—Ten Miles Of Beautiful Beach. You can view the report in its entirety here.
For more information on selling or seeking luxury properties contact me directly at 410.430.1575 or mnichols@LuxuryShoreLiving.com.
Luxury Collection Specialist
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