Ocean Shores and North Beach Newsletter for Real Estate, Events, News, etc. ~ 2014 Year-in-Review
2014
Year-End Review
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
aswenson25@juno.com 360-589-2777 cell/text www.OceanShoresInfo.com
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
aswenson25@juno.com 360-589-2777 cell/text www.OceanShoresInfo.com
NOTABLE NEWS and
EVENTS
RAIN FALL in GRAYS HARBOR COUNTY ~ JANUARY
2015
On Sunday, January 4th to Monday, January
5th, our County saw over 6" of rain fall and caused flooding and landslides in
Aberdeen and Hoquiam. Ocean Shores saw minimal damage, but Magellan Ave off of
Pt Brown Ave NW is closed due to the rain damaging a culvert and the
road.
NEW YEARS DAY
2015
Christmas
Eve and New Years Day were beautiful days. Check out my pictures and video I
took on New Years Day on my web site at www.OceanShoresInfo.com/pics/newyearsday2015.html.
PADDLE the SHORES
2014
Held on
August 30th at North Bay Park with hand boat races and more. Check it out on my
web site at www.OceanShoresInfo.com/pics/paddletheshores2014.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):
New Years Day
2015:Pictures and Info: www.OceanShoresInfo.com/pics/newyearsday2015.html
YouTube Video: https://www.youtube.com/watch?v=z2PfWHGb1ss&list=FLhRYWR0DBndaEDmu0zNpztQ
YouTube Video: https://www.youtube.com/watch?v=z2PfWHGb1ss&list=FLhRYWR0DBndaEDmu0zNpztQ
OTHER NOTABLE LOCAL NEWS
- Muriah North Condo building located at 1307 Ocean Shores Blvd SW is now called the Ocean Crest Condominiums.
- The Ocean Crest Resort Restaurant in Moclips re-opened after being ruined by a fire.
- RANKING REPORTS: I was #13 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2014. I was #8 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2014. I was #5 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2014.
UPCOMING
EVENTS
- January 16th-18th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
- February 14th-15th ~ Antique & Collectibles Show: held at the Convention Center.
- February 14th-16h ~ Capitol Volkssport Club Biennial Walking Fest: 6 trails & 1 bicycle route through Ocean Shores, the beach & North Beach.
- March 7th-8th ~ Beachcombers' Fun Fair: held at the Convention Center.
- March 20th-22nd ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
- April 18th-19th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
- April 24th-26th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
- April 24th-25th ~ High Rollin' Hot Rods at the Beach: held at the Quinault Beach Resort & Casino.
- May 9th-10th ~ Shoppin' at the Shore: a Mother's Day Event 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:
2014 MARKET ACTIVITY/UPDATE
(January
1st-December 31st)
- # of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014
- Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014
- Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014
- # of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 (Median Sales Price stayed about the same)
- # of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014
- Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014
The numbers
below show that Ocean Shores is still one of the leaders for affordability,
availability and productivity (# of properties and volume closed) compared to
the other beach towns along the Washington Coast. Ocean Shores also offers a
lot more availability and affordability for building
lots.
OCEAN
SHORES MARKET:
Click on the
following links to view the MLS flyers for sold properties (4th-Quarter of
2014):
2014
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/14) | 195 | 552 | 28 | 6 | 14 | 795 |
| Pendings | 19 | 12 | 3 | 0 | 1 | 35 |
| Solds | 245 | 190 | 17 | 4 | 8 | 464 |
| Sold Volume | $37.35M | $3.796M | $1.44M | $812,500 | $2.203M | $45.6M |
| Sold Median Price | $143,900 | $12,700 | $85K | $210K | $167,500 | |
| Avg. Days on Market (solds) | 230 | 279 | 246 | 104 | 288 |
VS.
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/13) | 207 | 449 | 30 | 5 | 19 | 710 |
| Pendings | 20 | 17 | 1 | 0 | 0 | 35 |
| 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 |
2nd-Half
2014
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 129 | 112 | 11 | 4 | 2 | 258 |
| Sold Volume | $20.03M | $1.94M | $978,400 | $812,500 | $1.278M | $25.039M |
| Sold Median Price | $144K | $12K | $99K | $210K | $639K | |
| Avg. Days on Market (solds) | 200 | 265 | 293 | 104 | 388 |
VS.
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 |
4th-Quarter
2014
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 53 | 43 | 7 | 1 | 2 | 106 |
| Sold Volume | $9.19M | $815,265 | $469,500 | $182,500 | $1.278M | $11.935M |
| Sold Median Price | $159,900 | $12,500 | $47K | $182,500 | $639K | |
| Avg. Days on Market (solds) | 197 | 276 | 259 | 373 | 388 |
VS.
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 |
NORTH BEACH
(Ocean City to
Moclips) MARKET:
Click on the
following links to view the MLS flyers for sold properties (4th-Quarter of
2014):
2014
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/14) | 58 | 160 | 1 | 0 | 1 | 220 |
| Pendings | 3 | 4 | 0 | 0 | 0 | 7 |
| Solds | 33 | 13 | 0 | 0 | 0 | 46 |
| Sold Volume | $10.19M | $337,400 | $0 | $0 | $0 | $10.527M |
| Sold Median Price | $304,500 | $19K | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 241 | 315 | N/A | N/A | N/A |
VS.
2013
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/13) | 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 |
2nd-Half
2014
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 17 | 9 | 0 | 0 | 0 | 26 |
| Sold Volume | $5.263M | $253,900 | $0K | $0K | $0K | $5.517M |
| Sold Median Price | $290K | $19K | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 202 | 361 | N/A | N/A | N/A |
VS.
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 |
4th-Quarter
2014
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 11 | 4 | 0 | 0 | 0 | 15 |
| Sold Volume | $3.4M | $175,900 | $0 | $0K | $0K | $3.576M |
| Sold Median Price | $290K | $24K | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 195 | 306 | N/A | N/A | N/A |
VS.
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 |
SOUTH BEACH (Westport/Grayland/Ocosta)
MARKET:
2014
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 62 | 74 | 13 | 2 | 15 | 166 |
| Pendings | 5 | 2 | 0 | 1 | 0 | 8 |
| Solds | 70 | 20 | 19 | 1 | 1 | 111 |
| Sold Volume | $9.076M | $826,300 | $2.486M | $99K | $5.955M | $18.44M |
| Sold Median Price | $130K | $25K | $145K | $99K | $117,750 | |
| Avg. Days on Market (solds) | 178 | 276 | 105 | 25 | 145 |
VS.
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 |
LONG BEACH PENINSULA (Ilwaco to
Surfside Estates) MARKET:
2014
Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 218 | 251 | 31 | 4 | 25 | 529 |
| Pendings | 21 | 5 | 2 | 0 | 0 | 28 |
| Solds | 261 | 111 | 27 | 1 | 5 | 405 |
| Sold Volume | $41.77M | $3.947M | $2.16M | $89,950 | $557K | $48.524M |
| Sold Median Price | $140K | $26K | $80K | $89,950 | $150K | |
| Avg. Days on Market (solds) | 203 | 287 | 672 | 308 | 308 |
VS.
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 |
NOTE: All of the above data was pulled from
the NWMLS and is not guaranteed.
FINANCING NEWS
MORTGAGE NEWS
The
Federal Housing Administration (FHA), a government insurer of home loans, cut 50
basis points (0.50%) from the annual premium for FHA-backed loans with terms
greater than 15 years. For most FHA loans this will reduce the annual premium
from 1.35% of the loan balance to 0.85% for case numbers assigned on or after
January 26, 2015.
Interest rates are
still very low at around 3.75% 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 Swenson
aswenson25@juno.com
360-589-2777 (cell/text)
~ 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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