July 2012
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
CRS and Managing Broker for Coldwell Banker Ocean Beach Properties
I am sorry this is SO late. I have been very busy with REAL ESTATE work. But I still thought you would like to see the updates of the real estate market for the 2nd-quarter and 1st-half of 2012, as well as news and events. ~ April Swenson
NOTABLE NEWS / EVENTS
INDEPENDENCE DAY 2012
Fireworks seen and let off all along our beaches....a Must See. See more info, pictures and my video at
www.OceanShoresInfo.com/pics/july4th2012.html
FIVE STAR DEALERSHIPS SAND and SAWDUST FESTIVAL 2012
Sandcastle competitions on the beach (off the Chance a La Mer beach access street)...you will like the sand sculptures created. Wood carving competitions and displays held at the Convention Center. See more info, pictures and my video at
www.OceanShoresInfo.com/pics/sand&sawdustfestival2012.html
FLAG DAY PARADE 2012
Ocean Shores honored Old Glory with its traditional Parade in downtown. See more info, pictures and my video at
www.OceanShoresInfo.com/pics/flagdayparade2012.html
KITE FESTIVAL 2012
The downtown beaches of Ocean Shores was home to this year's International Kite Festival. See more info, pictures and my video at
www.OceanShoresInfo.com/pics/kitefestival2012.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 (
www.youtube.com/AprilSwenson):
OTHER NOTABLE LOCAL NEWS
- Labor Day Weekend was a big success with many visitors and warm, sunny weather.
- The Library Replacement Levy was approved (51.5% to 48.5%) for 2013-2014 ($.247/$1,000 assessed).
UPCOMING EVENTS
September 7th-9th ~
Arts and Crafts Festival: held at the Convention Center.
September 28th-30th ~
Whale of a Quilt Show: held at the Convention Center.
October 26th-28th ~
Celtic Music Festival: largest Irish music Festival on the West Coast.
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+
View Homes
Waterfront Homes
Condos
Lots $10K or Less
Lots $10K-$15K
Lots $15K-20K
Lots $20K+
View Lots
Waterfront Lots
MARKET ACTIVITY/UPDATE
(1st-Half and 2nd-Quarter 2012: January 1st-June 30th)
Activity (both inquiries and sales) have definitely increased since the beginning of the year, as I have personally experienced.
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (2nd Quarter of 2012):
Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family
Sold Commercial
1st-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 263 | 463 | 51 | 5 | 15 | 797 |
| Pendings | 25 | 13 | 1 | 1 | 1 | 41 |
| Solds | 75 | 82 | 5 | 2 | 2 | 166 |
| Sold Volume | $9.31M | $1.725M | $298K | $331K | $328,900 | $11.99M |
| Sold Median Price | $120K | $16,478 | $55K | $165,500 | $88,900 | |
| Avg. Days on Market (solds) | 230 | 341 | 576 | 178 | 420 | |
2nd-Quarter 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Solds | 50 | 47 | 2 | 1 | 1 | 101 |
| Sold Volume | $6.51M | $1.02M | $145K | $250K | $88,900 | $8.014M |
| Sold Median Price | $120K | $16K | $72,500 | $250K | $88,900 | |
| Avg. Days on Market (solds) | 236 | 307 | 1,141 | 83 | 589 | |
NORTH BEACH (Ocean City to Moclips) MARKET:
Click on the following links to view the MLS flyers for sold properties (2nd Quarter of 2012):
Sold Homes
Sold Land
1st-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 73 | 106 | 2 | 1 | 10 | 192 |
| Pendings | 5 | 2 | 0 | 0 | 0 | 7 |
| Solds | 16 | 5 | 0 | 0 | 0 | 21 |
| Sold Volume | $2.47M | $315,500 | $0 | $0 | $0 | $2.785M |
| Sold Median Price | $120,889 | $35K | $0 | $0 | $0 | |
| Avg. Days on Market (solds) | 216 | 537 | N/A | N/A | N/A | |
2nd-Quarter 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Solds | 11 | 3 | 0 | 0 | 0 | 14 |
| Sold Volume | $1.67M | $268,500 | $0 | $0 | $0 | $1.938M |
| Sold Median Price | $124,778 | $55K | $0 | $0 | $0 | |
| Avg. Days on Market (solds) | 192 | 464 | N/A | N/A | N/A | |
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:
1st-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 74 | 97 | 12 | 47 | 15 | 206 |
| Pendings | 15 | 3 | 2 | 1 | 0 | 21 |
| Solds | 23 | 8 | 3 | 2 | | 36 |
| Sold Volume | $2.44M | $475,900 | $307,500 | $138,900 | $0 | $3.36M |
| Sold Median Price | $91,500 | $41,500 | $105,500 | $69,450 | $0 | |
| Avg. Days on Market (solds) | 230 | 494 | 170 | 118 | N/A | |
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
1st-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 309 | 303 | 35 | 1 | 20 | 668 |
| Pendings | 37 | 7 | 0 | 1 | 0 | 45 |
| Solds | 83 | 27 | 8 | 0 | 3 | 121 |
| Sold Volume | $10.81M | $848,600 | $937,400 | $0 | $698,500 | $13.29M |
| Sold Median Price | $117K | $26K | $126,200 | $0 | $111,500 | |
| Avg. Days on Market (solds) | 269 | 254 | 217 | N/A | 225 | |
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
FHA CHANGES
FHA announced that they are offering price cuts to certain FHA borrowers to participate in the FHA Streamline Refinance Program. Here are some key points:
- Must be current on their FHA loan
- Must have an FHA loan endorsed prior to May 31, 2009
- The Upfront Mortgage Insurance Premium (UFMIP) is reduced from 1% to .01%
- The Annual Mortgage Insurance Premium (AMIP) is reduced to .55%
Other changes to new FHA Loans (loans originated/endorsed after April 9, 2012):
- The UFMIP is increased to 1.75% of the loan amount
POSITIVE NEWS
Interest rates are still very low at around 3.75%-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. You can call Jodi Hampton, the Residential Loan Officer, at 360-628-6648 (cell) or e-mail her at
jhampton@bankofthepacific.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!
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