Tuesday, July 12, 2011

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:


Homes Under $100K


Homes $100K-$150K


Homes $150K-$200K


Homes Over $200K


View Homes


Waterfront Homes


Lots $10K or Less


Lots $10K-$15K


Lots $15K-20K


Lots Over $20K


View Lots

Waterfront Lots





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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