Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ 2013 Year-in-Review
2013
Year-End Review
Ocean
Shores/North Beach
Newsletter
Newsletter
Presented by
April Swenson,
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
NOTABLE NEWS &
EVENTS
OCEAN SHORES BROKERS
BECAME COLDWELL BANKER OCEAN SHORES BROKERS on
3/18/13
WINTER FREEZE in OCEAN SHORES
Ocean Shores saw a rare low temperatures reaching into the high 10's and low 20's on December 6th-9th. See more info and pictures at www.OceanShoresInfo.com/pics/winterdec2013.html
COLDWELL BANKER OCEAN SHORES BROKERS DECORATES for CHRISTMAS
Our office decorated with lights and a tree. Check it out on my web site at www.OceanShoresInfo.com/news/christmasatcbosb2013.html
CHRISTMAS 2013
Christmas Day was beautiful with a gorgeous sunset. Check it out on my web site at www.OceanShoresInfo.com/pics/christmas2013.html
NEW PICTURES & 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):
Hotel
Row:Pictures & Info: www.OceanShoresInfo.com/pics/hotelrow.html
YouTube Video: http://www.youtube.com/watch?v=1_Ui8aokFR4&list=FLhRYWR0DBndaEDmu0zNpztQ
YouTube Video: http://www.youtube.com/watch?v=1_Ui8aokFR4&list=FLhRYWR0DBndaEDmu0zNpztQ
OTHER NOTABLE LOCAL NEWS
- Ocean Shores is in line to receive more than $200,000 in grant funding for design of improvements to Point Brown Avenue that would include a bike path and pedestrian walkways. See more at: http://thedailyworld.com/news/local/city-awarded-funds-begin-pt-brown-design#sthash.aqQYMqvt.dpuf.
- The Ocean Crest Resort Restaurant in Moclips is still under construction (ruined by a fire).
- RANKING REPORTS: I was #6 among all Grays Harbor County brokers for the Number (#) of Transactions Closed and #18 among all Grays Harbor County brokers for Volume ($) Closed for 2013. I was #5 among all Ocean Shores brokers for the Number (#) of Transactions Closed and #9 among all Ocean Shores brokers for Volume ($) Closed in 2013. I was #4 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2013.
UPCOMING
EVENTS
- February 8th-9th ~ Antique & Collectibles Show: held at the Convention Center.
- March 1st-2nd ~ Beachcombers' Fun Fair: held at the Convention Center.
- March 21st-23rd ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
- March 21st-22nd ~ Dugan's Run: attention runners! Held in the streets of Ocean Shores.
- April 4th-6th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
- April 25th-27th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
- May 10th-11th ~ Home Business Vendor Fair: held 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+
View Homes
Waterfront Homes
Condos
Timeshares
Lots $10K or Less
Lots $10K-$15K
Lots $15K-20K
Lots $20K+ / Decked-out Lots
View Lots
Waterfront Lots
2013
MARKET ACTIVITY/UPDATE
(January 1st-December
31st)
We definitely
have done better in 2013 compared to 2012. We have some very positive
numbers:
- # of Homes Sold in Ocean Shores increased from 165 in 2012 to 198 in 2013
- Median Sales Price for Homes increased from $130,000 in 2012 to $139,900 in 2013
- Sold Volume for Homes increased from $23M in 2012 to $29.16M in 2013
- # of Total Properties Sold in Ocean Shores rose from 321 in 2011 to 353 in 2012 to 391 in 2013
- Total Sold Volume in Ocean Shores rose from $31.15M in 2012 to $36.577M in 2013
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2013):
Sold Homes
Sold Lots
Sold Condos
Sold Commercial
|
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 207 | 449 | 30 | 5 | 19 | 710 |
| Pendings | 20 | 17 | 1 | 0 | 0 | 38 |
| Solds | 198 | 169 | 19 | 1 | 4 | 391 |
| Sold Volume | $29.16M | $3.383M | $2.34M | $260K | $1.434M | $36.577M |
| Sold Median Price | $139,900 | $12,500 | $130K | $260K | $378,750 | |
| Avg. Days on Market (solds) | 243 | 316 | 310 | 60 | 287 |
|
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 | $2.268M | $681,800 | $31.15M |
| Sold Median Price | $130K | $16K | $99,500 | $205K | $88,900 | |
| Avg. Days on Market (solds) | 206 | 384 | 401 | 86 | 414 |
|
2nd-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 118 | 91 | 9 | 0 | 3 | 221 |
| Sold Volume | $17.18M | $1.78M | $1.19M | $0 | $889,500 | $21.04M |
| Sold Median Price | $139,700 | $12K | $125K | N/A | $212,500 | |
| Avg. Days on Market (solds) | 222 | 355 | 331 | N/A | 324 |
|
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 |
|
4th-Quarter
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 48 | 39 | 1 | 0 | 2 | 90 |
| Sold Volume | $7.299M | $596,300 | $130K | $0 | $839,500 | $8.865M |
| Sold Median Price | $142,450 | $9,500 | $130K | N/A | $419,750 | |
| Avg. Days on Market (solds) | 220 | 319 | 166 | N/A | 471 |
|
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 |
NORTH BEACH (Ocean City to Moclips) MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2013):
Sold Homes
Sold Land
|
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 49 | 135 | 2 | 0 | 6 | 192 |
| Pendings | 4 | 0 | 0 | 0 | 0 | 4 |
| Solds | 31 | 28 | 0 | 0 | 2 | 61 |
| Sold Volume | $5.537M | $2.744M | $0 | $0 | $155K | $8.436M |
| Sold Median Price | $142,500 | $25K | N/A | N/A | $77,500 | |
| Avg. Days on Market (solds) | 120 | 307 | N/A | N/A | 644 |
|
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 | $101 | $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 |
|
2nd-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 19 | 16 | 0 | 0 | 0 | 35 |
| Sold Volume | $3.874M | $1.692M | $0K | $0K | $0K | $5.566M |
| Sold Median Price | $199K | $30,500 | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 133 | 220 | N/A | 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 | $0K | $0K | $1.743M |
| Sold Median Price | $212,450 | $16,500 | $101K | N/A | N/A | |
| Avg. Days on Market (solds) | 222 | 461 | 411 | N/A | N/A |
|
4th-Quarter
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 11 | 6 | 0 | 0 | 0 | 17 |
| Sold Volume | $2.08M | $1.123M | $0 | $0K | $0K | $3.203M |
| Sold Median Price | $199K | $47,500 | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 129 | 306 | N/A | 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 | $0K | $0K | $1.098M |
| Sold Median Price | $210K | $30K | $101K | N/A | N/A | |
| Avg. Days on Market (solds) | 299 | 458 | 411 | N/A | N/A |
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:
|
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 75 | 71 | 9 | 4 | 11 | 170 |
| Pendings | 2 | 1 | 0 | 0 | 0 | 3 |
| Solds | 59 | 24 | 13 | 2 | 1 | 99 |
| Sold Volume | $7.235M | $1.7M | $2.8M | $440K | $27,750 | $12.2M |
| Sold Median Price | $95K | $38,750 | $140K | $220K | $27,750 | |
| Avg. Days on Market (solds) | 237 | 423 | 219 | 92 | 43 |
|
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 |
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
|
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 228 | 263 | 40 | 9 | 29 | 569 |
| Pendings | 19 | 3 | 2 | 0 | 0 | 24 |
| Solds | 256 | 96 | 22 | 1 | 2 | 377 |
| Sold Volume | $34.89M | $3.512M | $3.444M | $210K | $330K | $42.386M |
| Sold Median Price | $120K | $24,500 | $170,500 | $210K | $165K | |
| Avg. Days on Market (solds) | 212 | 330 | 804 | 135 | 160 |
|
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 | 6 | 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 |
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
MORTGAGE NEWS
New rules took into effect for lenders: lenders will now be financially responsible if their customers default on their mortgage. This means if a lender makes a loan in 2014 and beyond, and the customer did not show the ability to repay (mainly it requires borrowers to have less than a 43% debt to income ratio, then the lender can be financially liable, unless the loan was sold to Fannie, Freddie or guaranteed by FHA). There are some exceptions to this 43% debt-to-income requirement. Please speak to your lender.
Interest rates are still very low at around 4.5-4.625% 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....Desiree Goodwin, the Residential Loan Officer, at 360-500-4003, or e-mail her at dgoodwin@bankofthepacific.com. You can also contact Saul Schiffner at Wallick & Volk Mortgage Brokers in Bellevue 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 Swensonaswenson25@juno.com
360-589-2777 (cell/text)
Your Beach Destination Awaits You at the #1 Washington Coast Town!
Comments