Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ July 2012

July 2012
Ocean Shores/North Beach
Newsletter

Presented by April Swenson,
CRS and Managing Broker for Coldwell Banker Ocean Beach Properties
aswenson25@juno.com     360-589-2777 cell/text     www.OceanShoresInfo.com


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!
Location: Ocean Shores, WA, USA

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