Friday, February 6, 2015

Ocean Shores Real Estate: Building Lot Near Beach ~ 787 Ocean Shores Blvd SW

OCEAN SHORES REAL ESTATE
 
Building Lot Near the Beach
 

BUILDING LOT NEAR BEACH! Located on the west side of Ocean Shores Blvd near the Butterclam St Beach Access Path . Lot measures 70x110. Camp up to 90 days/year. OR, build your home at the Beach. Water, sewer, power hook-ups in the street. Buyer to assume the current balance of the Street LID of approx. $3,900. Sewer LID PAID. OUT of the Community Club.  Div 11 Lot 97.  787 Ocean Shores Blvd SW, Ocean Shores, WA.  $7,500

For more information, please visit http://www.oceanshoresinfo.com/land/787oceanshores.html


Thursday, February 5, 2015

Ocean Shores Real Estate: Treed Lot Near Bay, Park & Duck Lake ~ 337 Duck Lake Dr SE

OCEAN SHORES REAL ESTATE
 
Treed Lot Near Park, Bay & Duck Lake
 


Beautifully TREED Lot by Duck Lake & the Bay in a lovely neighborhood by Harbor View Lp and Lake Bay Lp. Located about 1/2-mile from Chinook Park with a boat launch onto Duck Lake. Lot measures 80.92x100x74x100. Camp up to 90 days/year. OR, build your home at the Beach. Water, sewer, power hook-ups in the street. Buyer to assume the current balance of the Street LID of approx. $2,700. Sewer LID PAID. In the Community Club.  Div 22 Blk 8 Lot 37.  337 Duck Lake Dr SE, Ocean Shores, WA.  $7,500

For more information, please visit http://www.oceanshoresinfo.com/land/337ducklake.html



Wednesday, January 14, 2015

Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ 2014 Year-in-Review

2014 Year-End Review
Ocean Shores/North Beach
Newsletter

Presented by April Swenson,
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate

aswenson25@juno.com    360-589-2777 cell/text    www.OceanShoresInfo.com



NOTABLE NEWS and EVENTS
 
RAIN FALL in GRAYS HARBOR COUNTY ~ JANUARY 2015 

On Sunday, January 4th to Monday, January 5th, our County saw over 6" of rain fall and caused flooding and landslides in Aberdeen and Hoquiam.  Ocean Shores saw minimal damage, but Magellan Ave off of Pt Brown Ave NW is closed due to the rain damaging a culvert and the road. 

 
NEW YEARS DAY 2015

Christmas Eve and New Years Day were beautiful days.  Check out my pictures and video I took on New Years Day on my web site at www.OceanShoresInfo.com/pics/newyearsday2015.html.
 

PADDLE the SHORES 2014

Held on August 30th at North Bay Park with hand boat races and more.  Check it out on my web site at www.OceanShoresInfo.com/pics/paddletheshores2014.html

 
NEW PICTURES and YOUTUBE VIDEOS UPLOADED

Click on the following links to see my new pictures on my web site (www.OceanShoresInfo.com) and my new videos uploaded onto my YouTube site (http://www.youtube.com/AprilSwenson):
 


OTHER NOTABLE LOCAL NEWS
  • Muriah North Condo building located at 1307 Ocean Shores Blvd SW is now called the Ocean Crest Condominiums.
  • The Ocean Crest Resort Restaurant in Moclips re-opened after being ruined by a fire.
  • RANKING REPORTS:   I was #13 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2014.  I was #8 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2014.  I was #5 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2014.
 

UPCOMING EVENTS 
  • January 16th-18th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
  • February 14th-15th ~ Antique & Collectibles Show: held at the Convention Center.
  • February 14th-16h ~ Capitol Volkssport Club Biennial Walking Fest: 6 trails & 1 bicycle route through Ocean Shores, the beach & North Beach.
  • March 7th-8th ~ Beachcombers' Fun Fair: held at the Convention Center.
  • March 20th-22nd ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
  • April 18th-19th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
  • April 24th-26th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
  • April 24th-25th ~ High Rollin' Hot Rods at the Beach: held at the Quinault Beach Resort & Casino.
  • May 9th-10th ~ Shoppin' at the Shore: a Mother's Day Event held at the Convention Center.


BUYS IN OCEAN SHORES

Click on the following links to view the MLS flyers for some good deals on properties in Ocean Shores:

 












 


2014 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)
 
We have done better in 2014 compared to 2013.  We have some very positive numbers:
  • # of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014
  • Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014
  • Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014
  • # of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 (Median Sales Price stayed about the same)
  • # of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014
  • Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014

The numbers below show that Ocean Shores is still one of the leaders for affordability, availability and productivity (# of properties and volume closed) compared to the other beach towns along the Washington Coast.  Ocean Shores also offers a lot more availability and affordability for building lots.


OCEAN SHORES MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2014):

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/14)  195  552  28  6  14  795
 Pendings  19  12  3  0  1  35
 Solds  245  190  17  4  8  464
 Sold Volume  $37.35M  $3.796M  $1.44M  $812,500  $2.203M  $45.6M
 Sold Median Price  $143,900  $12,700  $85K  $210K  $167,500  
 Avg. Days on Market (solds)  230  279  246  104  288  

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/13)  207  449  30  5  19  710
 Pendings  20  17  1  0  0  35
 Solds  198  169  19  1  4  391
 Sold Volume  $29.16M  $3.383M  $2.34M  $260K  $1.434M  $36.577M
 Sold Median Price  $139,900  $12,500  $130K  $260K  $378,750  
 Avg. Days on Market (solds)  243  316  310  60  287  

 

2nd-Half 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  129  112  11  4  2  258
 Sold Volume  $20.03M  $1.94M  $978,400  $812,500  $1.278M  $25.039M
 Sold Median Price  $144K  $12K  $99K  $210K  $639K
 
 Avg. Days on Market (solds)  200  265  293  104  388  

VS.

2nd-Half 2013
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  118  91  9  0  3  221
 Sold Volume  $17.18M  $1.78M  $1.19M  $0  $889,500  $21.04M
 Sold Median Price  $139,700  $12K  $125K  N/A  $212,500
 
 Avg. Days on Market (solds)  222  355  331  N/A  324  

 

4th-Quarter 2014
 Homes
Land 
Condos 
Multi-
Family
 
Commercial 
Total 
 Solds  53  43  7  1  2  106
 Sold Volume  $9.19M  $815,265  $469,500  $182,500  $1.278M  $11.935M
 Sold Median Price  $159,900  $12,500  $47K  $182,500  $639K  
 Avg. Days on Market (solds)  197  276  259  373  388  

 VS. 

4th-Quarter 2013
 Homes
Land 
Condos 
Multi-
Family
 
Commercial 
Total 
 Solds  48  39  1  0  2  90
 Sold Volume  $7.299M  $596,300  $130K  $0  $839,500  $8.865M
 Sold Median Price  $142,450  $9,500  $130K  N/A  $419,750  
 Avg. Days on Market (solds)  220  319  166  N/A  471  

 

NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2014):

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/14)  58  160  1  0  1  220
 Pendings  3  4  0  0  0  7
 Solds  33  13  0  0  0  46
 Sold Volume  $10.19M  $337,400  $0  $0  $0  $10.527M
 Sold Median Price  $304,500  $19K  N/A  N/A  N/A  
 Avg. Days on Market (solds)  241  315  N/A  N/A  N/A  

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/13)  49  135  2  0  6  192
 Pendings  4  0  0  0  0  4
 Solds  31  28  0  0  2  61
 Sold Volume  $5.537M  $2.744M  $0  $0  $155K  $8.436M
 Sold Median Price  $142,500  $25K  N/A  N/A  $77,500  
 Avg. Days on Market (solds)  120  307  N/A  N/A  644  

 

2nd-Half 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  17  9  0  0  0  26
 Sold Volume  $5.263M  $253,900  $0K  $0K  $0K  $5.517M
 Sold Median Price  $290K  $19K  N/A  N/A  N/A  
 Avg. Days on Market (solds)  202  361  N/A  N/A  N/A  

VS.

2nd-Half 2013
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  19  16  0  0  0  35
 Sold Volume  $3.874M  $1.692M  $0K  $0K  $0K  $5.566M
 Sold Median Price  $199K  $30,500  N/A  N/A  N/A  
 Avg. Days on Market (solds)  133  220  N/A  N/A  N/A  

 

4th-Quarter 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  11  4  0  0  0  15
 Sold Volume  $3.4M  $175,900  $0  $0K  $0K  $3.576M
 Sold Median Price  $290K  $24K  N/A  N/A  N/A  
 Avg. Days on Market (solds)  195  306  N/A  N/A  N/A  

VS.

4th-Quarter 2013
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds  11  6  0  0  0  17
 Sold Volume  $2.08M  $1.123M  $0  $0K  $0K  $3.203M
 Sold Median Price  $199K  $47,500  N/A  N/A  N/A  
 Avg. Days on Market (solds)  129  306  N/A  N/A  N/A  


 

SOUTH BEACH (Westport/Grayland/Ocosta) MARKET: 
 
2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  62  74  13  2  15  166
 Pendings  5  2  0  1  0  8
 Solds  70  20  19  1  1  111
 Sold Volume  $9.076M  $826,300  $2.486M  $99K  $5.955M  $18.44M
 Sold Median Price  $130K  $25K  $145K  $99K  $117,750  
 Avg. Days on Market (solds)  178  276  105  25  145  

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  75  71  9  4  11  170
 Pendings  2  1  0  0  0  3
 Solds  59  24  13  2  1  99
 Sold Volume  $7.235M  $1.7M  $2.8M  $440K  $27,750  $12.2M
 Sold Median Price  $95K  $38,750  $140K  $220K  $27,750  
 Avg. Days on Market (solds)  237  423  219  92  43  

 

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  218  251  31  4  25  529
 Pendings  21  5  2  0  0  28
 Solds  261  111  27  1  5  405
 Sold Volume  $41.77M  $3.947M  $2.16M  $89,950  $557K  $48.524M
 Sold Median Price  $140K  $26K  $80K  $89,950  $150K  
 Avg. Days on Market (solds)  203  287  672  308  308  

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  228  263  40  9  29  569
 Pendings  19  3  2  0  0  24
 Solds  256  96  22  1  2  377
 Sold Volume  $34.89M  $3.512M  $3.444M  $210K  $330K  $42.386M
 Sold Median Price  $120K  $24,500  $170,500  $210K  $165K  
 Avg. Days on Market (solds)  212  330  804  135  160
 

 NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.



FINANCING NEWS


MORTGAGE NEWS 

The Federal Housing Administration (FHA), a government insurer of home loans, cut 50 basis points (0.50%) from the annual premium for FHA-backed loans with terms greater than 15 years. For most FHA loans this will reduce the annual premium from 1.35% of the loan balance to 0.85% for case numbers assigned on or after January 26, 2015.

Interest rates are still very low at around 3.75% with 0 points (depending on credit and down payment). Funding is available through FHA, VA, USDA and Conventional Loans to buy primary and secondary/vacation homes in Ocean Shores and the North Beach.

For more help on getting pre-approved/qualified, contact our local lender, The Bank of the Pacific....Desiree Goodwin, the Residential Loan Officer, at 360-500-4003, or e-mail her at dgoodwin@bankofthepacific.com.  You can also contact Saul Schiffner at Wallick & Volk Mortgage Brokers in Bellevue at 425-422-6333, or e-mail him at saul.schiffner@wvmb.com.


 

If you ever have any questions about Area Information and Real Estate in Ocean Shores and the North Beach, please do not hesitate to call or e-mail me.
~ April Swenson

aswenson25@juno.com
360-589-2777 (cell/text)
 


Your Beach Destination Awaits You at the #1 Washington Coast Town!