Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ 2012 Year-End Review
2012 Year-End Review
Ocean Shores/North Beach
Newsletter
Newsletter
Presented by April Swenson,
Managing Broker & CRS for Ocean Shores Brokers Real Estate
Managing Broker & CRS for Ocean Shores Brokers Real Estate
THE MOVE TO OCEAN SHORES BROKERS
I am enjoying working at Ocean Shores Brokers Real Estate. I moved here on October 31st after the owners of my previous company, Coldwell Banker Ocean Beach Properties, decided to close the doors because they were moving to Mercer Island. My colleagues and I finished off strong at CB OBP. I really enjoy working with the owner Dawn Galeana, and I look forward to the future here. Business and activity is going well. See my Blog Posting by clicking here.
WINTER FANTA-SEA CRAFT FAIR 2012
To mark the beginning of the Christmas season, the annual Winter Fanta-Sea Craft Fair was held at the Convention Center. See more info and pictures at www.OceanShoresInfo.com/pics/winterfantaseacraftfair2012.html.
CHRISTMAS 2012
Christmas Eve was a beautiful day. Christmas Day was met by wind and rain. I went down to the Bay and took some video of the stormy waters, which was neat to watch....check it out on my web site at www.OceanShoresInfo.com/pics/christmas2012.html.
CLAM DIGGING 2013
The next clam digs are scheduled in February. We did have some nice evening clam digs in January. See the schedule on my web site at www.OceanShoresInfo.com/pics/clamdigging.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):
- Grays Harbor Bay:
Pictures & Info:   www.OceanShoresInfo.com/pics/bay.html
YouTube Video:   http://www.youtube.com/watch?v=fLkwybZYjOM&list=FLhRYWR0DBndaEDmu0zNpztQ&index=2
- Downtown Ocean Shores:
Pictures & Info:   www.OceanShoresInfo.com/pics/downtown.html
YouTube Video:   http://www.youtube.com/watch?v=5lUCxEUpj4s&list=FLhRYWR0DBndaEDmu0zNpztQ
- The City Council passed an Ambulance/EMS Fee of $7.48/mo. This fee was passed by the Council to alleviate the EMS from relying on funds from the ups and downs of the General Budget and Reserves. This fee is only charged to properties with sewer connected and will be a part of the water/sewer bill. I was present at the Council Meeting/Public Hearing and tried to offer some compromise, but to no avail.
- We have only had light dusting of Snow back in early December, which did not last very long.
- RANKING REPORTS: I was #6 among all Grays Harbor County brokers for the number (#) of transactions Closed for 2012. I was #5 among all Ocean Shores brokers for the number (#) of transactions Closed for 2012. I was #2 among all Grays Harbor County brokers for the number (#) of Vacant Land Closed for 2012.
February 9th-10th ~ Antique & Collectibles Show: held at the Convention Center.
March 2nd-3rd ~ Beachcombers' Fun Fair: held at the Convention Center.
March 23rd-24th ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
April 19th-21st ~ Fine Arts, Photo, & Electronic Show: art show held at the Convention Center.
April 26th-28th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
Click on the following links to view the MLS flyers for some good deals on properties in Ocean Shores:
(January 1st-December 31st)
We have some very positive numbers:
- # of Lots Sold in Ocean Shores increased from 132 in 2011 to 161 in 2012
- Median Sales Price for Homes in Ocean Shores rose in the 2nd-Half of 2012 to $138,700
- Median Sales Price for Homes in Ocean Shores rose in the 4th-Quarter of 2012 to $150K
- # of Total Properties Sold in Ocean Shores rose from 321 in 2011 to 353 in 2012 (we remained about the same in Sold Volume)
- # of Listings has decreased since 2010 and 2011
The numbers below show that Ocean Shores is still dominating the market for affordability and productivity (# of properties and volume closed) compared to the other beach towns along the Washington Coast.
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2012):
Sold Lots
Sold Condos
Sold Multi-Family
2012 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 190 | 403 | 34 | 3 | 14 | 644 |
| Pendings | 19 | 5 | 0 | 0 | 1 | 25 |
| Solds | 165 | 161 | 17 | 5 | 5 | 353 |
| Sold Volume | $23M | $3.361M | $1.822M | $2.286M | $681,800 | $31.15M |
| Sold Median Price | $130K | $16K | $99,500 | $205K | $88,900 | |
| Avg. Days on Market (solds) | 206 | 384 | 401 | 86 | 414 |
VS.
2011 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 213 | 460 | 39 | 2 | 12 | 726 |
| Pendings | 20 | 8 | 3 | 1 | 2 | 34 |
| Solds | 169 | 132 | 16 | 1 | 3 | 321 |
| Sold Volume | $24.2M | $3.734M | $2.293M | $179,900 | $601,500 | $31M |
| Sold Median Price | $130K | $17K | $187,450 | $179,900 | $49K | |
| Avg. Days on Market (solds) | 223 | 254 | 430 | 117 | 97 |
2nd-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 90 | 79 | 12 | 3 | 2 | 186 |
| Sold Volume | $13.69M | $1.636M | $1.524M | $1.955M | $352,900 | $19.158M |
| Sold Median Price | $138,700 | $15K | $137,500 | $205K | $176,450 | |
| Avg. Days on Market (solds) | 186 | 427 | 329 | 25 | 406 |
VS.
2nd-Half 2011
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 102 | 70 | 11 | 0 | 1 | 184 |
| Sold Volume | $14.336M | $2.105M | $1.485M | $0 | $77,500 | $18M |
| Sold Median Price | $128K | $18,250 | $189,900 | N/A | $77,500 | |
| Avg. Days on Market (solds) | 224 | 261 | 221 | N/A | 154 |
4th-Quarter 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 47 | 34 | 9 | 2 | 0 | 92 |
| Sold Volume | $7.576M | $659,400 | $1.084M | $1.8M | $0 | $11.12M |
| Sold Median Price | $150K | $8,250 | $130K | $902,500 | N/A | |
| Avg. Days on Market (solds) | 179 | 436 | 349 | 35 | N/A |
VS.
4th-Quarter 2011
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 56 | 29 | 6 | 0 | 1 | 92 |
| Sold Volume | $7.289M | $919,987 | $762,799 | $0 | $77,500 | $9.049M |
| Sold Median Price | $121,250 | $18K | $152,400 | N/A | $77,500 | |
| Avg. Days on Market (solds) | 213 | 248 | 190 | N/A | 154 |
NORTH BEACH (Ocean City to Moclips) MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2012):
Sold Land
Sold Condos
2012 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 45 | 98 | 2 | 1 | 11 | 157 |
| Pendings | 1 | 1 | 0 | 0 | 0 | 2 |
| Solds | 27 | 21 | 1 | 0 | 0 | 49 |
| Sold Volume | $4.71M | $1.086M | $101K | $0 | $0 | $5.897M |
| Sold Median Price | $160K | $22K | $101K | N/A | N/A | |
| Avg. Days on Market (solds) | 206 | 410 | 411 | N/A | N/A |
VS.
2011 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 51 | 102 | 2 | 0 | 8 | 163 |
| Pendings | 5 | 1 | 0 | 0 | 0 | 7 |
| Solds | 38 | 23 | 16 | 0 | 0 | 62 |
| Sold Volume | $9.657M | $1.181M | $115K | $0 | $0 | $11.582M |
| Sold Median Price | $257,035 | $32,500 | $115K | N/A | N/A | |
| Avg. Days on Market (solds) | 237 | 360 | 216 | N/A | N/A |
2nd-Half 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 6 | 9 | 1 | 0 | 0 | 16 |
| Sold Volume | $1.295M | $347,200 | $101K | $0 | $0 | $1.743M |
| Sold Median Price | $212,450 | $16,500 | $101K | N/A | N/A | |
| Avg. Days on Market (solds) | 186 | 427 | 329 | 25 | 406 |
VS.
2nd-Half 2011
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 17 | 7 | 1 | 0 | 0 | 25 |
| Sold Volume | $4.143M | $705,400 | $115K | $0 | $0 | $4.963M |
| Sold Median Price | $275K | $25K | $115K | N/A | N/A | |
| Avg. Days on Market (solds) | 177 | 201 | 216 | N/A | N/A |
4th-Quarter 2012
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 4 | 3 | 1 | 0 | 0 | 8 |
| Sold Volume | $810K | $186,750 | $101K | N/A | N/A | $1.098M |
| Sold Median Price | $210K | $30K | $101K | N/A | N/A | |
| Avg. Days on Market (solds) | 299 | 458 | 411 | N/A | N/A |
VS.
4th-Quarter 2011
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 9 | 2 | 1 | 0 | 0 | 12 |
| Sold Volume | $2.462M | $178,900 | $115K | $0 | $0 | $2.756M |
| Sold Median Price | $209,068 | $89,450 | $115K | N/A | N/A | |
| Avg. Days on Market (solds) | 196 | 165 | 216 | N/A | N/A |
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:
2012 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 57 | 78 | 13 | 4 | 13 | 165 |
| Pendings | 1 | 0 | 1 | 2 | 0 | 4 |
| Solds | 44 | 17 | 15 | 3 | 0 | 79 |
| Sold Volume | $5.605M | $1.1M | $2.313M | $202,900 | $0 | $9.22M |
| Sold Median Price | $100,150 | $43K | $133K | $64K | N/A | |
| Avg. Days on Market (solds) | 217 | 451 | 152 | 133 | N/A |
VS.
2011 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 110 | 123 | 10 | 2 | 10 | 255 |
| Pendings | 7 | 3 | 2 | 3 | 0 | 15 |
| Solds | 73 | 21 | 13 | 1 | 2 | 110 |
| Sold Volume | $9.153M | $2.216M | $1.746M | $120K | $421K | $13.656M |
| Sold Median Price | $95K | $50K | $130K | $120K | $210,500 | |
| Avg. Days on Market (solds) | 222 | 333 | 300 | 691 | 65 |
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
2012 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 223 | 266 | 35 | 7 | 26 | 557 |
| Pendings | 17 | 1 | 0 | 0 | 1 | 19 |
| Solds | 188 | 82 | 17 | 1 | 5 | 293 |
| Sold Volume | $22.81M | $2.545M | $2.29M | $128K | $913,500 | $28.686M |
| Sold Median Price | $110K | $25,500 | $160K | $128K | $111,500 | |
| Avg. Days on Market (solds) | 251 | 283 | 268 | 166 | 166 |
VS.
2011 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 263 | 272 | 41 | 2 | 21 | 599 |
| Pendings | 15 | 1 | 0 | 1 | 2 | 19 |
| Solds | 167 | 63 | 14 | 1 | 6 | 251 |
| Sold Volume | $25.882M | $2.66M | $1.969M | $140K | $1.644M | $32.295M |
| Sold Median Price | $130K | $25K | $121,325 | $140K | $240K | |
| Avg. Days on Market (solds) | 238 | 335 | 181 | 30 | 339 |
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
MORTGAGE NEWS
In 2012, the total volume for residential mortgage originations rose by 24.8% from 2011 ($1.835T in 2012 compared to $1.47T in 2011).
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!
Comments