Ocean Shores and North Beach Newsletter for Real Estate, Events, News ~ 2016 Year-End Review
2016 Year-End Review
Ocean Shores/North Beach
Newsletter
Newsletter
Presented by April Swenson,
CRS & Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
NOTABLE NEWS & EVENTS
CHRISTMAS 2016
Christmas Day was a beautiful day. Check out my pictures and the video I took of the beach on Christmas Day on my web site at www.OceanShoresInfo.com/pics/christmas2016.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):
Christmas 2016:Pictures & Info: www.OceanShoresInfo.com/pics/christmas2016.html
YouTube Video: https://www.youtube.com/watch?v=pS7og2xbyRA&list=FLhRYWR0DBndaEDmu0zNpztQ
YouTube Video: https://www.youtube.com/watch?v=pS7og2xbyRA&list=FLhRYWR0DBndaEDmu0zNpztQ
OTHER NOTABLE LOCAL NEWS
- New Business Opened: Gustoso's Italian Restaurant ~ 749 Pt Brown Ave NW
- Upcoming Clam Digs: Ocean Shores ~ Jan 27th-31st (evening digs)
- Ranking Reports: I was #15 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2016. I was #9 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2016. I was #5 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2016.
UPCOMING EVENTS
- January 13th-15th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
- February 10th-12th ~ Antique & Collectibles Show: held at the Convention Center.
- March 4th-5th ~ Beachcombers' Fun Fair: held at the Convention Center.
- March 17th-19th ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
- March 19th ~ Dugan's Run: running event.
- April 1st ~ Ocean Shores Food Bank Event: "Illusion of Elvis": event benefiting our local food bank held at the Convention Center.
- April 21st-23rd ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
- May 13th ~ Youth Fishing Derby: held at North Bay Park.
- May 13th-14th ~ Shoppin' at the Shore: a Mother's Day Event held at the Convention Center.
- May TBD ~ Clam Digger Rod Run: car show held at the Elks Lodge.
- May 26th-28th ~ Grays Harbor County Expo: 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:
2016 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)
We have done incredibly well in 2016. We have some of the best numbers since 2005-2007.
- # of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014 to 306 in 2015 to 317 in 2016
- Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014 to $159,950 in 2015 to $169,900 in 2016
- Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014 to $53.06M in 2015 to $58.34M in 2016
- # of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 to 263 in 2015 to 275 in 2016
- # of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014 to 612 in 2015 to 656 in 2016
- Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014 to $66.86M in 2015 to $73.16M in 2016
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 and homes.
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2016):
2016 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/16) | 128 | 503 | 38 | 4 | 14 | 687 |
| Pendings | 34 | 14 | 6 | 0 | 1 | 55 |
| Solds | 317 | 275 | 52 | 6 | 6 | 656 |
| Sold Volume | $58.34M | $6.08M | $6.47M | $1.29M | $987K | $73.167M |
| Sold Median Price | $169,900 | $13,900 | $137,950 | $209K | $96K | |
| Avg. Days on Market (solds) | 134 | 381 | 141 | 454 | 157 |
VS.
2015 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/15) | 137 | 608 | 49 | 3 | 10 | 807 |
| Pendings | 28 | 7 | 7 | 1 | 1 | 44 |
| Solds | 306 | 263 | 33 | 3 | 7 | 612 |
| Sold Volume | $53.06M | $6.11M | $4.22M | $780K | $2.69M | $66.86M |
| Sold Median Price | $159,950 | $14K | $130K | $240K | $150K | |
| Avg. Days on Market (solds) | 190 | 359 | 162 | 163 | 336 |
VS.
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 |
2nd-Half 2016
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 172 | 146 | 23 | 2 | 4 | 347 |
| Sold Volume | $32.63M | $3.47M | $2.86M | $448,600 | $631K | $40.04M |
| Sold Median Price | $175K | $14,250 | $122,950 | $224,300 | $96K | |
| Avg. Days on Market (solds) | 120 | 409 | 192 | 37 | 225 |
VS.
2nd-Half 2015
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 158 | 125 | 26 | 1 | 3 | 313 |
| Sold Volume | $28.64M | $3.1M | $3.65M | $110K | $902K | $36.402M |
| Sold Median Price | $165,950 | $16,250 | $141,475 | $110K | $185K | |
| Avg. Days on Market (solds) | 168 | 367 | 92 | 98 | 467 |
VS.
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 |
4th-Quarter 2016
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 74 | 58 | 8 | 1 | 3 | 144 |
| Sold Volume | $15.24M | $1.16M | $1.047M | $325K | $602K | $18.374M |
| Sold Median Price | $192K | $12,250 | $131K | $325K | $105K | |
| Avg. Days on Market (solds) | 141 | 416 | 133 | 21 | 293 |
VS.
4th-Quarter 2015
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 65 | 50 | 14 | 1 | 0 | 130 |
| Sold Volume | $13.24M | $1.15M | $1.97M | $110K | $0 | $16.47M |
| Sold Median Price | $182K | $20K | $141,475 | $110K | N/A | |
| Avg. Days on Market (solds) | 180 | 394 | 105 | 98 | N/A |
VS.
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 |
NORTH BEACH (Ocean City to Moclips) MARKET:
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2016):
2016 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/16) | 40 | 99 | 0 | 2 | 3 | 144 |
| Pendings | 7 | 0 | 0 | 0 | 0 | 7 |
| Solds | 59 | 37 | 0 | 0 | 0 | 96 |
| Sold Volume | $21.22M | $2M | $0 | $0 | $0 | $23.22M |
| Sold Median Price | $350K | $36K | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 237 | 711 | N/A | N/A | N/A |
VS.
2015 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings (as of 12/31/15) | 44 | 115 | 2 | 2 | 7 | 170 |
| Pendings | 6 | 7 | 0 | 0 | 0 | 13 |
| Solds | 42 | 38 | 0 | 0 | 1 | 81 |
| Sold Volume | $9.97M | $2.4M | $0 | $0 | $200K | $12.57M |
| Sold Median Price | $155K | $21,500 | N/A | N/A | $200K | |
| Avg. Days on Market (solds) | 302 | 334 | N/A | N/A | 63 |
VS.
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 |
2nd-Half 2016
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 36 | 26 | 0 | 0 | 0 | 62 |
| Sold Volume | $13.54M | $1.43M | $0K | $0K | $0 | $14.97M |
| Sold Median Price | $354K | $31,375 | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 203 | 822 | N/A | N/A | N/A |
VS.
2nd-Half 2015
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 27 | 18 | 0 | 0 | 1 | 46 |
| Sold Volume | $6.608M | $1.167M | $0K | $0K | $200K | $7.975M |
| Sold Median Price | $182K | $17,450 | N/A | N/A | $200K | |
| Avg. Days on Market (solds) | 283 | 387 | N/A | N/A | 63 |
VS.
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 |
4th-Quarter 2016
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 18 | 12 | 0 | 0 | 0 | 30 |
| Sold Volume | $7.54M | $511,750 | $0 | $0 | $0 | $8.051M |
| Sold Median Price | $400K | $32,375 | N/A | N/A | N/A | |
| Avg. Days on Market (solds) | 257 | 1,115 | N/A | N/A | N/A |
VS.
4th-Quarter 2015
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Solds | 13 | 11 | 0 | 0 | 1 | 25 |
| Sold Volume | $3.722M | $1.147M | $0 | $0K | $200K | $5.069M |
| Sold Median Price | $185K | $29K | N/A | N/A | $200K | |
| Avg. Days on Market (solds) | 271 | 408 | N/A | N/A | 63 |
VS.
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 |
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:
2016 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 46 | 66 | 10 | 6 | 18 | 146 |
| Pendings | 9 | 4 | 1 | 1 | 0 | 15 |
| Solds | 88 | 30 | 11 | 1 | 3 | 133 |
| Sold Volume | $14.11M | $1.38M | $1.78M | $207K | $450K | $17.927M |
| Sold Median Price | $140K | $33,500 | $123K |
$207K
| $125K | |
| Avg. Days on Market (solds) | 178 | 252 | 320 | 77 | 261 |
2015 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 44 | 50 | 12 | 3 | 11 | 120 |
| Pendings | 8 | 2 | 1 | 0 | 2 | 13 |
| Solds | 71 | 39 | 16 | 4 | 6 | 136 |
| Sold Volume | $10.602M | $4.929M | $2.296M | $523,400 | $2.206M | $20.556M |
| Sold Median Price | $132K | $44K | $147,500 |
$142,550
| $225K | |
| Avg. Days on Market (solds) | 212 | 377 | 199 | 20 | 210 |
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 |
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
2016 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 123 | 213 | 14 | 8 | 24 | 382 |
| Pendings | 44 | 22 | 3 | 1 | 0 | 70 |
| Solds | 365 | 120 | 30 | 0 | 7 | 522 |
| Sold Volume | $62.77M | $5.1M | $5.09M | $0 | $1.49M | $74.45M |
| Sold Median Price | $148K | $32K | $189K | N/A | $190K | |
| Avg. Days on Market (solds) | 155 | 350 | 113 | N/A | 388 |
VS.
2015 Year-End
|
Homes
|
Land
|
Condos
|
Multi-
Family |
Commercial
|
Total
|
| Current Listings | 141 | 179 | 15 | 0 | 20 | 355 |
| Pendings | 40 | 12 | 1 | 0 | 0 | 53 |
| Solds | 346 | 122 | 36 | 2 | 3 | 509 |
| Sold Volume | $58.26M | $6.61M | $4.44M | $403K | $640K | $70.353M |
| Sold Median Price | $149,900 | $32K | $103,250 | $201,500 | $245K | |
| Avg. Days on Market (solds) | 194 | 307 | 238 | 47 | 446 |
VS.
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 |
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
MORTGAGE NEWS
The following are some of the Federal loan changes that have gone into effect:
- USDA Loans: Upfront Fee was lowered from 2.75% to 1% of the total mortgaged amount (effective Oct 1, 2016).
- The Good Faith Estimate is now combined with the Truth in Lending (TIL) Disclosure and is now called the "Loan Estimate." The HUD-1 Settlement Statement is combined with the Final TIL and is now called the "Closing Disclosure." Perhaps the greatest change is that this "Closing Disclosure" must be in the hands of the Buyer/Borrower 3 days before closing.
The items above were obtained from different online news sources, such as the Association of Realtors.
Interest rates are still very low at around 4.125%-4.375% 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. There are investment and construction loans available as well.
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. Or, contact Lee Hauser at Wells Fargo Aberdeen at 360-537-7307 or e-mail her at lee.hauser@wellsfargo.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
~ April Swenson
360-589-2777 (cell/text)
Your Beach Destination Awaits You at the #1 Washington Coast Town!
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