Ocean Shores and North Beach Newsletter for Real Estate, Events, News ~ 2nd-Q 2020

2nd-Quarter / 1st-Half 2020
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

INDEPENDENCE DAY at the BEACH 2020

July 4th fell on a Saturday this year.  This was a special Independence Day to celebrate and give thanks to God for our Freedom.  And a special appreciation to our Police and Fire Departments!!!
The town was packed.  It was great to see all of the Flags flying around town and on vehicles.  It was a lovely day and evening, and the nighttime brought tons of firework displays on the Beach.  See my pictures on my Facebook Page at https://www.facebook.com/OceanShoresWARealEstate/media_set?set=a.4319460048094739&type=3.

You can also view my YouTube video of the Fireworks on the Beach at https://youtu.be/wD-trxp9lww.

CORONAVIRUS 2020

Many of our businesses were forced to shutdown due to the government shutdown (like many areas of our Country).  We are back OPEN, but with some restrictions (Phase 3).  No matter what side of the fence you are on, please be kind to them regarding the Governor's Mask "Rule", as they are trying to do their best navigating all of this.  Please SUPPORT our local businesses....they need your support!

OTHER NOTABLE LOCAL NEWS

• Building in Ocean Shores is booming!  New home permits are being issued everyday.
• The Theater is back open and they have brought back some movies that were popular favorites, like Superman, Batman Begins, The Never Ending Story, etc...they have new movies showing every 1-2 weeks.
• The Quality Inn is now called the Ocean Paradise Hotel (773 Ocean Shores Blvd NW).
• Electric "Fat Tire" Beach Bike Rentals is now back open (it suffered a fire last year).
• New Business:  Ocean Sunset Drug Store -- located across the parking lot from the IGA and Alec's-by-the-Sea Restaurant.

UPCOMING EVENTS

Due to the Coronavirus, many scheduled events have been cancelled.

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 $250K

Homes $250K+

View Homes

Waterfront Homes

Condos

Timeshares

Lots $30K or Less

Lots $30K+

Waterfront Lots

North Beach Area

2nd-Q/1st-Half 2020
MARKET ACTIVITY/UPDATE
(April 1st-June 30th & January 1st-June 30th)

• Median Sales Price for Homes increased from $211,000 in 2018 to $229,900 in 2019 to $239,950 in 2020.
• Median Sales Price for Lots increased from $15,000 in 2018 to $21,500 in 2019 to $25,000 in 2020.
• The Total # of Listings has greatly decreased, especially Land.  I have never seen it this low in my 15+ years as an Ocean Shores real estate broker.  The 2020 Total # is almost half of  the 2019 Total #.
• The Total # of Pendings has increased.

OCEAN SHORES MARKET:

Click on the following links to view the MLS flyers for sold properties (2nd-Quarter of 2020):

Sold Homes 
Sold Lots
Sold Condos 

Sold Multi-Family

1st-Half 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/20)	81	84	21	2	5	193
Pendings	92	52	5	2	0	151
Solds	150	158	11	2	1	322
Sold Volume	$37.5M	$5.9M	$1.62M	$372,500	$155K	$45.54M
Sold Median Price	$239,950	$25K	$96K	$186,250	$155K
Avg. Days on Market (solds)	90	337	167	24	4

VS.

1st-Half 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/19)	137	201	29	0	10	377
Pendings	62	43	6	1	0	112
Solds	167	186	22	0	3	378
Sold Volume	$38.1M	$5.47M	$2.83M	$0	$840K	$47.24M
Sold Median Price	$229,900	$21,500	$90,950	N/A	$295K
Avg. Days on Market (solds)	82	377	89	N/A	188

VS.

1st-Half 2018	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings  (as of 6/30/18)	139	328	24	1	11	503
Pendings	65	37	8	0	1	111
Solds	207	240	26	3	7	483
Sold Volume	$45M	$5.75M	$3.28M	$829K	$4.58M	$59.44M
Sold Median Price	$211K	$15K	$110,700	$275K	$285K
Avg. Days on Market (solds)	117	469	125	86	339

VS.

1st-Half 2017	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings  (as of 6/30/17)	143	472	43	4	17	679
Pendings	57	29	6	1	0	93
Solds	172	161	26	1	3	363
Sold Volume	$34.11M	$3.97M	$3.35M	$209,900	$398,750	$42.04M
Sold Median Price	$182,750	$15K	$121,475	$209,900	$133,750
Avg. Days on Market (solds)	124	409	167	189	31

VS.

1st-Half 2016	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings  (as of 6/30/16)	170	549	42	2	14	795
Pendings	62	31	7	1	0	101
Solds	145	130	29	4	2	310
Sold Volume	$25.56M	$2.65M	$3.61M	$844K	$356K	$33.02M
Sold Median Price	$165K	$12,500	$137,950	$209K	$178K
Avg. Days on Market (solds)	150	347	100	663	22

2nd-Quarter 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	88	86	5	1	0	180
Sold Volume	$22.89M	$2.91M	$816K	$222,500	$0	$26.84M
Sold Median Price	$249,950	$30K	$210K	$222,500	N/A
Avg. Days on Market (solds)	101	313	191	29	N/A

VS.

2nd-Quarter 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	106	122	11	0	2	241
Sold Volume	$24.68M	$3.62M	$1.52M	$0	$545K	$30.365M
Sold Median Price	$232,150	$22,250	$129K	N/A	$272,500
Avg. Days on Market (solds)	68	387	26	N/A	241

VS.

2nd-Quarter 2018	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	124	122	12	1	4	263
Sold Volume	$26.9M	$3.13M	$1.14M	$379K	$889K	$32.44M
Sold Median Price	$215K	$15,750	$97,700	$379K	$210,950
Avg. Days on Market (solds)	103	363	76	71	265

VS.

2nd-Quarter 2017	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	112	101	16	1	1	231
Sold Volume	$22.6M	$2.35M	$2.06M	$209,900	$80K	$27.3M
Sold Median Price	$182,750	$15K	$125,919	$209,900	$80K
Avg. Days on Market (solds)	116	347	145	189	3

VS.

2nd-Quarter 2016	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	91	74	19	1	1	186
Sold Volume	$16.28M	$1.39M	$2.36M	$200K	$85K	$20.315M
Sold Median Price	$165K	$14,450	$140K	$200K	$85K
Avg. Days on Market (solds)	114	330	103	1498	1

NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (2nd-Quarter of 2020):

Sold Homes 
Sold Land

1st-Half 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/20)	40	77	0	4	6	127
Pendings	16	15	2	0	0	33
Solds	30	24	0	0	0	54
Sold Volume	$10.83M	$2.57M	$0	$0	$0	$13.4M
Sold Median Price	$287,250	$47,500	N/A	N/A	N/A
Avg. Days on Market (solds)	100	476	N/A	N/A	N/A

VS.

1st-Half 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/19)	39	84	1	0	7	131
Pendings	8	5	0	1	0	14
Solds	33	19	0	0	1	53
Sold Volume	$14.3M	$1.96M	$0	$0	$125K	$16.38M
Sold Median Price	$305K	$40K	N/A	N/A	$125K
Avg. Days on Market (solds)	118	428	N/A	N/A	263

VS.

1st-Half 2018	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/18)	59	98	0	1	8	166
Pendings	11	10	0	0	1	22
Solds	26	17	0	0	0	43
Sold Volume	$9.1M	$1.6M	$0	$0	$0	$10.7M
Sold Median Price	$283,500	$20K	N/A	N/A	N/A
Avg. Days on Market (solds)	107	1,609	N/A	N/A	N/A

VS.

1st-Half 2017	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/17)	53	96	0	2	7	158
Pendings	10	6	0	0	0	16
Solds	25	19	0	1	1	46
Sold Volume	$8.52M	$3.17M	$0	$325K	$60K	$12.07M
Sold Median Price	$230K	$28,500	N/A	$325K	$60K
Avg. Days on Market (solds)	265	528	N/A	247	170

VS.

1st-Half 2016	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings (as of 6/30/16)	64	123	2	1	10	200
Pendings	15	5	0	0	0	30
Solds	22	10	0	0	0	32
Sold Volume	$7.43M	$531,500	$0	$0	$0	$7.961M
Sold Median Price	$325,250	$38,500	N/A	N/A	N/A
Avg. Days on Market (solds)	300	491	N/A	N/A	N/A

2nd-Quarter 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	12	19	0	0	0	31
Sold Volume	$4M	$1.45M	$0K	$0	$0	$5.45M
Sold Median Price	$287,250	$47,500	N/A	N/A	N/A
Avg. Days on Market (solds)	123	555	N/A	N/A	N/A

VS.

2nd-Quarter 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	16	13	0	0	1	30
Sold Volume	$5.14M	$1.76M	$0K	$0	$125K	$7.03M
Sold Median Price	$233,500	$52K	N/A	N/A	$125K
Avg. Days on Market (solds)	95	433	N/A	N/A	263

VS.

2nd-Quarter 2018	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	16	13	0	0	0	29
Sold Volume	$5.28M	$1.39M	$0K	$0	$0K	$6.67M
Sold Median Price	$283,500	$19,500	N/A	N/A	N/A
Avg. Days on Market (solds)	87	1,859	N/A	N/A	N/A

VS.

2nd-Quarter 2017	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	11	10	0	1	0	22
Sold Volume	$4.97M	$1.32M	$0K	$325K	$0K	$6.615M
Sold Median Price	$510K	$48,750	N/A	$325K	N/A
Avg. Days on Market (solds)	250	757	N/A	247	N/A

VS.

2nd-Quarter 2016	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	12	6	0	0	0	18
Sold Volume	$5.014M	$278K	$0K	$0K	$0K	$5.292M
Sold Median Price	$401K	$46,125	N/A	N/A	N/A
Avg. Days on Market (solds)	243	550	N/A	N/A	N/A

SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:

1st-Half 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	20	45	12	1	7	85
Pendings	8	15	4	1	0	28
Solds	36	27	12	0	1	66
Sold Volume	$8.1M	$1.97M	$2.06M	$0	$156K	$11.37M
Sold Median Price	$180K	$45K	$175,250	N/A	$156K
Avg. Days on Market (solds)	111	305	125	N/A	367

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

1st-Half 2020	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	85	116	22	0	14	237
Pendings	61	28	7	2	1	97
Solds	124	79	15	0	3	221
Sold Volume	$32.6M	$4.58M	$3.44M	$0	$1.83M	$42.45M
Sold Median Price	$225,500	$45K	$179,500	N/A	$580K
Avg. Days on Market (solds)	82	266	81	N/A	150

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

MORTGAGE NEWS

Interest rates are still very low at around 3% 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 Steph Thomasson at Academy Mortgage Corp. in Tumwater at 206-799-4129 or e-mail her at steph.thomasson@academymortgage.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!