2nd-Q/1st-Half 2022 Ocean Shores/North Beach Real Estate Newsletter
2nd-Quarter / 1st-Half 2022
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
INDEPENDENCE DAY at the BEACH 2022
July 4th fell on a Monday this year. A special appreciation to our Police and Fire Departments!!! The town was packed. It was a lovely, cool day and evening, and the nighttime brought tons of firework displays on the Beach. See my pictures and video on my website at www.OceanShoresInfo.com/pics/july4th2022.html.
5-STAR DEALERSHIP'S SAND & SAWDUST FESTIVAL 2022
The popular and fun Sand and Sawdust Festival is held on the Beach and at the Convention Center. It was very warm where temperatures reached into the mid-80s. See my pictures and video on my website at www.OceanShoresInfo.com/pics/sandsawdustfestival2022.html.
FLAG DAY PARADE 2022
Celebrating the United States Flag, Old Glory, flying high and celebrating its symbol of our Freedom. I did not get many pictures and video because I was in the parade with my church, but still check out my pictures and video on my website at www.OceanShoresInfo.com/pics/flagdayparade2022.html. It was a great day!
OTHER NOTABLE LOCAL NEWS
- The City is working on new building codes for manufactured homes, ie must be on a permanent foundation.
- The Pharmacy made its move over to the Ocean Sunset Drug Store building.
- The Door Mouse Boutique moved over to The Boardwalk Shops (the red building).
- New Businesses: Pizza Factory is now open (where Alec's-by-the-Sea Restaurant was located by the IGA) -- it has very good food.
BUYS IN OCEAN SHORES
Click on the following links to view the MLS flyers for some good deals on properties in Ocean Shores:
2nd-Q/1st-Half 2022
MARKET ACTIVITY/UPDATE
(April 1st-June 30th & January 1st-June 30th)
- Median Sales Price for Homes increased from $239,950 in the 1st-half 2020 to $324,950 in the 1st-half 2021 to $399K in the 1st-half of 2022.
- Median Sales Price for Lots increased from $25,000 in the 1st-half 2020 to $54K in the 1st-half 2021 to $59K in the 1st-half of 2022.
- The Total # of Listings has greatly increased, and over doubled for homes since a year ago.
- The Total # of Solds has decreased from a year ago.
OCEAN SHORES MARKET:
Click on the following links to view the MLS flyers for sold properties (2nd-Quarter of 2022):
1st-Half 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Current Listings (as of 6/30/22) | 134 | 188 | 18 | 3 | 6 | 349 |
| Pendings | 48 | 19 | 5 | 0 | 0 | 72 |
| Solds | 237 | 188 | 15 | 2 | 6 | 448 |
| Sold Volume | $99M | $13.6M | $3.7M | $1.54M | $3.64M | $121.5M |
Sold Median Price | $399K | $59K | $240K | $771,500 | $530K | |
Avg. Days on Market (solds) | 38 | 68 | 90 | 126 | 218 |
VS.
1st-Half 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
Current Listings (as of 6/30/21) | 60 | 166 | 9 | 1 | 4 | 240 |
| Pendings | 70 | 38 | 3 | 1 | 1 | 113 |
| Solds | 220 | 283 | 31 | 3 | 2 | 539 |
| Sold Volume | $75.5M | $18.6M | $5.54M | $1.94M | $770K | $102.35M |
Sold Median Price | $324,950 | $54K | $125,900 | $539K | $385K | |
Avg. Days on Market (solds) | 26 | 68 | 215 | 194 | 115 |
VS.
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 |
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 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Solds | 149 | 84 | 7 | 0 | 6 | 246 |
| Sold Volume | $61.9M | $6.77M | $1.27M | $0 | $3.64M | $73.58M |
Sold Median Price | $395K | $60,500 | $200K | N/A | $530K | |
Avg. Days on Market (solds) | 35 | 84 | 164 | N/A | 218 |
VS.
2nd-Quarter 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Solds | 111 | 158 | 18 | 2 | 2 | 291 |
| Sold Volume | $39M | $10.9M | $3.68M | $1.4M | $770K | $55.75M |
Sold Median Price | $348K | $58,537 | $173,950 | $702K | $385K | |
Avg. Days on Market (solds) | 16 | 42 | 71 | 68 | 115 |
VS.
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 2022):
1st-Half 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
Current Listings (as of 6/30/22) | 23 | 63 | 0 | 1 | 5 | 92 |
| Pendings | 5 | 7 | 0 | 0 | 1 | 13 |
| Solds | 52 | 37 | 6 | 0 | 3 | 98 |
| Sold Volume | $37M | $7M | $3.84M | $0 | $1.5M | $49.34M |
Sold Median Price | $680,765 | $75K | $749K | N/A | $400K | |
Avg. Days on Market (solds) | 52 | 113 | 10 | N/A | 119 |
1st-Half 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
Current Listings (as of 6/30/21) | 16 | 66 | 2 | 2 | 9 | 95 |
| Pendings | 14 | 12 | 3 | 0 | 1 | 30 |
| Solds | 43 | 48 | 0 | 1 | 3 | 91 |
| Sold Volume | $30.4M | $5.36M | $0 | $375K | $1.13M | $37.26M |
Sold Median Price | $570K | $85K | N/A | $375K | $350K | |
Avg. Days on Market (solds) | 55 | 436 | N/A | 462 | 383 |
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 |
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 |
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 |
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 |
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 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Solds | 32 | 20 | 1 | 0 | 1 | 54 |
| Sold Volume | $21.8M | $4.6M | $340K | $0 | $100K | $26.84M |
Sold Median Price | $691,070 | $90K | $340K | N/A | $100K | |
Avg. Days on Market (solds) | 11 | 135 | 48 | N/A | 1252 |
VS.
2nd-Quarter 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Solds | 15 | 21 | 0 | 1 | 1 | 38 |
| Sold Volume | $10.1M | $2.3M | $0 | $375K | $450K | $13.23M |
Sold Median Price | $735K | $85K | N/A | $375K | $450K | |
Avg. Days on Market (solds) | 56 | 431 | N/A | 462 | 1,445 |
VS.
2nd-Quarter 2020 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Solds | 12 | 19 | 0 | 0 | 0 | 31 |
| Sold Volume | $4M | $1.45M | $0 | $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 | $0 | $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 | $0 | $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 | $0 | $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 | $0 | $0 | $0 | $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 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Current Listings | 25 | 16 | 12 | 0 | 4 | 57 |
| Pendings | 7 | 4 | 2 | 0 | 1 | 14 |
| Solds | 30 | 21 | 12 | 0 | 3 | 66 |
| Sold Volume | $11.8M | $3M | $3.97M | $0 | $1.43M | $20.2M |
| Sold Median Price | $352,750 | $105K | $395K | N/A | $180,250 | |
Avg. Days on Market (solds) | 16 | 106 | 46 | N/A | 54 |
VS.
1st-Half 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Current Listings | 13 | 30 | 2 | 0 | 5 | 50 |
| Pendings | 17 | 8 | 4 | 0 | 1 | 30 |
| Solds | 43 | 39 | 19 | 1 | 3 | 105 |
| Sold Volume | $12.8M | $4.19M | $4.65M | $180K | $1.11M | $22.93M |
| Sold Median Price | $245K | $85K | $280K | $180K | $300K | |
Avg. Days on Market (solds) | 30 | 98 | 38 | 11 | 28 |
VS.
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 2022 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Current Listings | 96 | 112 | 7 | 2 | 5 | 222 |
| Pendings | 37 | 16 | 2 | 1 | 2 | 58 |
| Solds | 173 | 99 | 19 | 1 | 7 | 299 |
| Sold Volume | $62.5M | $11.65M | $5.63M | $589K | $4.33M | $84.67M |
| Sold Median Price | $344,100 | $110K | $269K | $589K | $530K | |
Avg. Days on Market (solds) | 36 | 72 | 30 | 0 | 72 |
VS.
1st-Half 2021 | Homes | Land | Condos | Multi- Family | Commercial | Total |
| Current Listings | 47 | 62 | 7 | 0 | 12 | 128 |
| Pendings | 63 | 37 | 7 | 0 | 3 | 110 |
| Solds | 221 | 126 | 34 | 2 | 4 | 387 |
| Sold Volume | $70.8M | $10.3M | $8.47M | $2.18M | $1.57M | $93.3M |
| Sold Median Price | $281K | $62,500 | $215K | $1.09M | $355K | |
Avg. Days on Market (solds) | 42 | 133 | 26 | 29 | 220 |
VS.
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 currently at around 5.5-5.99% 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, I suggest contacting Desi Goodwin, who moved over from HomeVantage Mortgage to Highlands Mortgage, at 425-232-8028, or e-mail her at dgoodwin@highlandsmortgage.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 in Tumwater at 360-236-9777 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)
~ 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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