Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ October 2013

October 2013
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
Managing Broker and CRS for Coldwell Banker Ocean Shores Brokers
aswenson25@juno.com    360-589-2777 cell/text     www.OceanShoresInfo.com


NOTABLE NEWS and EVENTS


PADDLE THE SHORES and LABOR DAY PICNIC 2013

Held at the North Bay Park on Duck Lake.  See more info, pictures and my video at www.OceanShoresInfo.com/pics/paddletheshores2013.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 (http://www.youtube.com/AprilSwenson):

OTHER NOTABLE LOCAL NEWS
  • Ocean Shores Brokers is now Coldwell Banker Ocean Shores Brokers
  • The restaurant at the Ocean Crest Resort in Moclips is under construction
  • You can view the Ocean Shores City Profile at http://www.osgov.com/documents/profile2013.pdf

UPCOMING EVENTS
 

October 25th-27th ~ Celtic Music Festival: Celtic music played at Galway Bay Restaurant and Convention Center.


Nov 2th - Dec 1st ~ Winter Fanta-Sea: Christmas shopping among the arts and craft vendors 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
(3rd-Quarter 2013: July 1st - September 30th)

Currently, we are selling more homes than land.  We are still very busy.  Ocean Shores is selling, but prices are still low and affordable.


OCEAN SHORES MARKET:

Click on the following links to view the MLS flyers for sold properties (3rd-Quarter of 2013):
Sold Homes
Sold Lots
Sold Condos
Sold Commercial

3rd-Quarter 2013
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  246  477  34  4  21  782
 Pendings  37  25  4  0  0  66
 Solds  69  52  7  0  1  129
 Sold Volume  $9.853M  $1.183M  $935K  $0  $50K  $12.021M
 Sold Median Price  $135K  $13,250  $119K  $0  $50K  
 Avg. Days on Market (solds)  227  383  325  N/A  30  



NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (3rd-Quarter of 2013):
Sold Homes
Sold Land

3rd-Quarter 2013
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings  58  136  2  0   8  204
 Pendings  11  4  0  0  0  15
 Solds  9  9  0  0  0  18
 Sold Volume  $1.998M  $558K  $0  $0  $0  $2.556M
 Sold Median Price  $235K  $24K  $0  $0  $0  
 Avg. Days on Market (solds)  129  181  N/A  N/A  N/A  

NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.




FINANCING NEWS

FHA is running slower due to the Government Shut Down, but they are still keeping a limited staff to help approve underwriting of new home loans.  Fannie and Freddie are unaffected because they run off monies received from charges they pass onto the lenders.  These are the reported stories from online news agencies.

Interest rates are around 4.25% for a 30-year fixed rate with 0 points (depending on credit and down payment).  Financing is available through FHA, VA, USDA and Conventional Loans to buy primary and secondary/vacation homes in Ocean Shores and the North Beach.  If you are buying a 2nd home, your loan must be a Conventional Loan and you must have at least 10% down with very good credit.  But with any loan of less than 20% down, PMI (Private Mortgage Insurance) is required.


For more help on getting pre-approved/qualified, contact a lender that I had a very good encounter with during one of my more recent sales...he was knowledgeable and communicative.  You can call Saul Schiffner, the Residential Loan Officer, at 425-422-6333 or e-mail him at saul.schiffner@wvmb.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 98569, USA

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