Ocean Shores Newsletter for Real Estate, Events, News, etc. ~ July 2011
July 2011
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
CRS, Realtor & Managing Broker for Coldwell Banker Ocean Beach Properties
aswenson25@juno.com 360-589-2777 cell/text www.OceanShoresInfo.com
NOTABLE NEWS/EVENTS
INDEPENDENCE DAY 2011
Ocean Shores lit up for Independence Day weekend with tons of fireworks....truly a sight to see. For more pictures and information, please visit www.OceanShoresInfo.com/pics/july4th2011.html
FIVE STAR DEALERSHIPS SAND & SAWDUST FESTIVAL 2011
The wonderful event of sandcastle building and wood carving was held on June 24th-26th. This is personally one my favorite events. See more info and pictures at www.OceanShoresInfo.com/pics/sand&sawdustfestival2011.html
FLAG DAY PARADE 2011
Ocean Shores honored Old Glory through its annual Parade in downtown on June 11th. See more info and pictures at www.OceanShoresInfo.com/pics/flagdayparade2011.html
BEACHCOMBER FAIR 2011
The annual Beachcomber Fair was held at the Convention Center on March 5-6th. See more pictures and info at www.OceanShoresInfo.com/pics/beachcomberfair2011.html
OTHER NOTABLE LOCAL NEWS
The historic Ocean Crest Restaurant is a total loss after an early morning fire on June 20th. However, the Ocean Crest Resort was not damaged at all, thanks to the speedy action of all-volunteer Grays Harbor Fire District 8, first on the scene, within minutes of the call, as well as volunteers from Districts 16 and 7 and the Ocean Shores Fire Department. The owner Sara Owen said: "We will rebuild." The Moclips restaurant, which opened in 1963, was fully insured. Good news is that there were no injuries. Cause of the fire is still unknown.
The City of Ocean Shores is still working on their budget and the City Council has to decide on cuts of $250,000.
GOOD NEWS: Ocean Shores was 1 of the 21 drinking water systems to receive a low-interest loan from the State of Washington via the 2009 American Recovery & Reinvestment Act (ARRA). The City's deep-water aquifer has high concentrations of iron, manganese and nitrogen compounds that cause our water to smell and taste bad. With the $6M low-interest ARRA loan, the City broke ground on a shallow-aquifer water treatment plant that will deliver safe and reliable drinking water. It will sustain 35 to 40 jobs for at least a year.
UPCOMING EVENTS
July 29th-31st ~ Sun & Surf Run: over 2,000 motorcycles and riders come to town.
August 13th-14th ~ Fun Fly in Ocean Shores: watch the colorful kites on the beach.
September 9th-11th ~ Arts & Craft Festival: hand-crafted items displayed 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:
MARKET ACTIVITY/UPDATE
(January 1st thru June 30th)
Ocean Shores is still the #1 beach town in the number of sold properties, as well as the top tourist destination along the Washington Coast. The North Beach area has seen a definite increase over last year, mainly due to Seabrook in Pacific Beach.
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (1st half of 2011):
Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family
Sold Commercial
1st-Half of 2011 | Homes | Land | Condos | Multi-Family | Commercial | Total |
Current Listings | 296 | 472 | 73 | 5 | 16 | 862 |
Pendings | 29 | 17 | 9 | 0 | 1 | 56 |
Solds | 63 | 62 | 4 | 1 | 2 | 132 |
Sold Volume | $9.32M | $1.63M | $509K | $179,900 | $524K | $12.16M |
Sold Median Price | $139,900 | $16K | $130,500 | $179,900 | $262K |
|
Avg. Days on Market (solds) | 229 | 247 | 241 | 117 | 39 |
|
NORTH BEACH (Ocean City to Moclips) MARKET:
Click on the following links to view the MLS flyers for sold properties (1st half of 2011):
Sold Homes
Sold Land
1st-half of 2011 | Homes | Land | Condos | Multi-Family | Commercial | Total |
Current Listings | 46 | 122 | 3 | 1 | 9 | 181 |
Pendings | 10 | 3 | 0 | 0 | 0 | 13 |
Solds | 21 | 18 | 0 | 0 | 0 | 39 |
Sold Volume | $5.51M | $1.6M | $0 | $0 | $0 | $7.11M |
Sold Median Price | $250K | $54,875 | $0 | $0 | $0 |
|
Avg. Days on Market (solds) | 287 | 425 | 0 | 0 | 0 |
|
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:
1st-half of 2011 | Homes | Land | Condos | Multi-Family | Commercial | Total |
Current Listings | 138 | 156 | 16 | 1 | 18 | 329 |
Pendings | 13 | 2 | 1 | 1 | 0 | 17 |
Solds | 27 | 13 | 9 | 1 | 0 | 50 |
Sold Volume | $2.73M | $1.65M | $1.19M | $120K | $0 | $5.69M |
Sold Median Price | $84,800 | $47,500 | $125K | $120K | $0 |
|
Avg. Days on Market (solds) | 310 | 234 | 246 | 691 | 0 |
|
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
1st-half of 2011 | Homes | Land | Condos | Multi-Family | Commercial | Total |
Current Listings | 308 | 299 | 38 | 2 | 14 | 661 |
Pendings | 20 | 9 | 0 | 0 | 1 | 30 |
Solds | 66 | 18 | 5 | 1 | 2 | 92 |
Sold Volume | $10M | $654K | $886K | $140K | $414K | $12M |
Sold Median Price | $120,350 | $33,750 | $160K | $140K | $207,250 |
|
Avg. Days on Market (solds) | 265 | 423 | 159 | 30 | 780 |
|
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
POSITIVE NEWS
Interest rates are still very low at around 4.5-4.875% with 0 points. Funding is available through FHA, VA, USDA and conventional loans to buy primary and secondary 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. You can call Carol Warfield, the Vice President Residential Loan Officer, at 360-580-0187 (cell) or e-mail her at cwarfield@thebankofpacific.com. Interest rates are still very low.
Once again, if you ever have any questions about Ocean Shores, the North Beach, the surrounding Grays Harbor cities, and/or real estate, please do not hesitate to call or e-mail me.
~ April Swenson
Your Beach Destination Awaits You at the #1 Washington Coast Town!
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