Tuesday, April 12, 2016

Ocean Shores Real Estate: Ocean Front, Furnished Condo ~ Ocean Crest #N14

OCEAN SHORES REAL ESTATE
 
Ocean Front, Furnished Condo
1 BD, 1 BA, 771 sq.ft.
 
 
 
Listen to the Sounds of the Surf from this OCEAN FRONT CONDO! Furnished, Corner unit located on the ground floor in the Ocean Crest North Building w/ an elevator. This 1 BD, 1 BA, 771 ASF condo has an Open Great Room and a slider door out to the Patio and the building's Hot Tub. Kitchen with a Full-length Eating Bar and all appliances. Open Bedroom design. New AC/Heater in the Living Room. Enclosed hallways for protected entry into each condo unit. This is a great opportunity to own a piece of beach paradise! Street LID Paid. In the Community Club. Ocean Crest #N14, Ocean Shores, WA.   $ 85,000
 
HOA Dues are currently $261/mo. The HOA covers Building Insurance, Building & Outdoor Maintenance, Outside Lights, Sewer, Water, Garbage, & Building Flood Insurance.
 
For more information, please visit http://www.oceanshoresinfo.com/homes/oceancrestn14.html
 


Monday, April 11, 2016

Ocean Shores Real Estate: Lake Minard Front ~ 2 Lots ~ Captains Ct

OCEAN SHORES REAL ESTATE

Lake Minard Front
Side-by-Side Lots w/ Shared Dock
 


 
 
SIDE-by-SIDE LOTS on a Cul-de-Sac on the wide part of LAKE MINARD! Rare opportunity to own 2 Lots with gorgeous views of Lake Minard and 100ft of water frontage. Lot #47 is Cleared with 2 Water Spigots Installed, a Firepit, and a Shared Dock with the neighbor to the left (lot #48). Lot #46 is brush covered. Both lots have a greenbelt between them and the lake. Lots measure 71.87x88.83x114.52x100x100. Sewer LIDs Paid. Seller to payoff the Street LIDs at closing. Both lots are "IN" the Community Club.  Div 16 Blk 11 Lots 46 & 47.  289 and 291 Captains Ct, Ocean Shores, WA.    $ 90,000
 
For more information, please visit http://www.oceanshoresinfo.com/land/289-291captainsct.html

 



Ocean Shores Real Estate: Jetty Front/View 5-week/yr Timeshare ~ Atlantic Avenue #3-H

OCEAN SHORES REAL ESTATE
 
Jetty View 5-Week/Year Timeshare
3 BD, 2.75 BA, 1490 ASF
 
 
 
OCEAN and JETTY VIEW 5-Week TIMESHARE! Townhouse-style unit featuring 3 BD, 2.75 BA, 1490 ASF, and a 1-car Garage. Gorgeous views from this unit. Watch the crashing waves from the luxury of the Great Room, Decks and Bedrooms. Or take a stroll along the beach and climb the Jetty rocks. Tastefully decorated w/ updated furnishings and an Open Floor Plan. New carpet, interior paint, and a larger flat-screen TV in the Living Room (2016). Comfortable Great Room w/ large windows overlooking the Jetty, Ocean, Westport, and the opening of Grays Harbor Bay. Stay warm by the wood-burning fireplace, watch movies on the flat-screen TV w/ DVD, and play games. Sliding glass door to the 2nd-floor Deck for more fantastic views. Remodeled Kitchen w/ eating bar, slab granite counters, upgraded cabinets and tile floors. All Bathrooms have been remodeled w/ slab granite counters and tile floors. Everything you need for your vacation at the Beach. Extras include: a Bedroom and Bathroom on each floor, 3 flat-screen TVs, large Jetted Tub, Washer and Dryer, and WIFI access. Use for 5 weeks/year. Trades on the RCI Network.  Atlantic Avenue #3-Week H.  $7,000
 
HOA Dues are $898.63/quarter ($3,594.52/year). The HOA Dues include everything, ie flood insurance, earthquake insurance, building insurance, utilities, linens, furniture, maintenance, Community Club access, etc. The HOA Dues also include the Maid Service Fee, which many other timeshares charge extra for (approx. $60/week-stayed or $300/year).
 
See more information, pictures and the video at http://www.oceanshoresinfo.com/homes/atlanticave3h.html

Sunday, January 24, 2016

Ocean Shores and North Beach Newsletter for Real Estate, Events, News ~ 2015 Year-End Review

2015 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
 
CHRISTMAS 2015
 
Christmas Eve and Christmas Day were beautiful days.  Check out my pictures and the video I took on Christmas Day on my web site at www.OceanShoresInfo.com/pics/christmas2015.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

  • Storm protection and erosion prevention work is currently being completed by installing a huge rock bulkhead along the Ocean front properties located down by the Jetty.
  • New Business Opened: Medical Supply Store ~ 683 Pt Brown Ave NW.
  • Oyhut Bay Subdivision is under construction with homes and condos.
  • RANKING REPORTS:   I was #9 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2015.  I was #7 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2015.  I was #4 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2015.
 
 
UPCOMING EVENTS 
  • January 15th-17th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
  • February 12th-14th ~ Antique & Collectibles Show: held at the Convention Center.
  • March 5th-6th ~ Beachcombers' Fun Fair: held at the Convention Center.
  • March 18th-20th ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
  • March 20th ~ Dugan's Run: running event.
  • April 22nd-24th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
  • May 7th-8th ~ 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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

2015 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)
 
We have done incredibly well from in 2015.  We have some very positive numbers:
  • # of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014 to 306 in 2015
  • Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014 to $159,950 in 2015
  • Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014 to $53.06M in 2015
  • # of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 to 263 in 2015
  • # of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014 to 612 in 2015
  • Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014 to $66.86M in 2015
 
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 and homes.
 
 
OCEAN SHORES MARKET:
 
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2015):
Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/15) 137 608 49 3 10 807
 Pendings 28 7 7 1 1 44
 Solds 306 263 33 3 7 612
 Sold Volume $53.06M $6.11M $4.22M $780K $2.69M $66.86M
 Sold Median Price $159,950 $14K $130K $240K $150K 
 Avg. Days on Market (solds) 190 359 162 163 336 
 
VS.
 
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 
 
 
 
2nd-Half 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 158 125 26 1 3 313
 Sold Volume $28.64M $3.1M $3.65M $110K $902K $36.402M
 Sold Median Price $165,950 $16,250 $141,475 $110K $185K
 
 Avg. Days on Market (solds) 168 367 92 98 467 
 
VS.
 
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 
 
 
 
4th-Quarter 2015
 Homes
Land 
Condos 
Multi-
Family
 
Commercial 
Total 
 Solds 65 50 14 1 0 130
 Sold Volume $13.24M $1.15M $1.97M $110K $0 $16.47M
 Sold Median Price $182K $20K $141,475 $110K N/A 
 Avg. Days on Market (solds) 180 394 105 98 N/A 
 
VS.
 
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 
 
 
 
NORTH BEACH (Ocean City to Moclips) MARKET:
 
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2015):
Sold Homes
Sold Land
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/15) 44 115 2 2 7 170
 Pendings 6 7 0 0 0 13
 Solds 42 38 0 0 1 81
 Sold Volume $9.97M $2.4M $0 $0 $200K $12.57M
 Sold Median Price $155K $21,500 N/A N/A $200K 
 Avg. Days on Market (solds) 302 334 N/A N/A 63 
 
VS.
 
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 
 
 
 
2nd-Half 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 27 18 0 0 1 46
 Sold Volume $6.608M $1.167M $0K $0K $200K $7.975M
 Sold Median Price $182K $17,450 N/A N/A $200K 
 Avg. Days on Market (solds) 283 387 N/A N/A 63 
 
VS.
 
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 
 
 
 
4th-Quarter 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 13 11 0 0 1 25
 Sold Volume $3.722M $1.147M $0 $0K $200K $5.069M
 Sold Median Price $185K $29K N/A N/A $200K 
 Avg. Days on Market (solds) 271 408 N/A N/A 63 
 
VS.
 
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 
 
 
 
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET: 
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 44 50 12 3 11 120
 Pendings 8 2 1 0 2 13
 Solds 71 39 16 4 6 136
 Sold Volume $10.602M $4.929M $2.296M $523,400 $2.206M $20.556M
 Sold Median Price $132K $44K $147,500
 $142,550
 $225K 
 Avg. Days on Market (solds) 212 377 199 20 210 
 
VS. 
 
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 
 
 
 
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 141 179 15 0 20 355
 Pendings 40 12 1 0 0 53
 Solds 346 122 36 2 3 509
 Sold Volume $58.26M $6.61M $4.44M $403K $640K $70.353M
 Sold Median Price $149,900 $32K $103,250 $201,500 $245K 
 Avg. Days on Market (solds) 194 307 238 47 446
 
 
VS.
 
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 
  
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
 


FINANCING NEWS
 
MORTGAGE NEWS 
 
The following are some of the Federal loan changes that have gone into effect (most in October 2015):
  • Fannie Mae (FNMA) and Freddie Mac (FHLMC) now guarantee loans with as little as 3% down.
  • Borrowers in 2015 will have to comply with the 2014 “Qualified Mortgage” (QM) Rule requiring that no more than 43% of their gross monthly income can go toward their minimum monthly payment on all debt, including house payments. Previously, lenders determined the maximum debt-to-income ratios, some setting the limit as high as 60%.
  • The Qualified Residential Mortgage (QRM) Rule -- as long as a loan meets the Qualified Mortgage (QM) standards, the lenders can sell their loans to investors and not keep the debt on their books.  If a loan does not meet the QM standards, then the lenders have to keep 5% of the mortgage amounts on their books for at least 5 years.
  • The Good Faith Estimate is now combined with the Truth in Lending (TIL) Disclosure and is now called the "Loan Estimate."   The HUD-1 Settlement Statement is combined with the Final TIL and is now called the "Closing Disclosure."  Perhaps the greatest change is that this "Closing Disclosure" must be in the hands of the Buyer/Borrower 3 days before closing. 
The items above were obtained form different news online sources, such as the Association of Realtors.
 
Interest rates are still very low at around 3.875%-4% 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.  Or, contact Lee Hauser at Wells Fargo Aberdeen at 360-537-7307 or e-mail her at lee.hauser@wellsfargo.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!