Friday, July 14, 2023

2nd-Q/1st-Half 2023 Ocean Shores/North Beach Real Estate Newsletter

2nd-Quarter / 1st-Half 2023
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 2023
 
July 4th fell on a Tuesday this year.  A special appreciation to our Police and Fire Departments!!!  The town was packed of course.  It was a lovely, warmer 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/july4th2023.html.
 
5-STAR DEALERSHIP'S SAND & SAWDUST FESTIVAL 2023
 
The popular and fun Sand and Sawdust Festival was held on the Beach and at the Convention Center.  There was some warm and cool temperatures.  See my pictures and video on my website at www.OceanShoresInfo.com/pics/sandsawdustfestival2023.html.
 
FLAG DAY PARADE 2023
 
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 on my website at www.OceanShoresInfo.com/pics/flagdayparade2023.html.  It was a great day!

OTHER NOTABLE LOCAL NEWS
  • New Businesses:  Hot Mama's Kitchen is now open at 806 Ocean Shores Blvd NW.  Aft Galley Hot Dog Stand is now open at 185 W. Chance a La Mer Ave.  The Sweet Grass Hotel was bought for $3M and the new owners have named it Pacific Sunrise Inn & Suites at 845 Ocean Shores Blvd NW.
 
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 2023
MARKET ACTIVITY/UPDATE
(April 1st-June 30th & January 1st-June 30th)
 
OCEAN SHORES MARKET:
 
Click on the following links to view the MLS flyers for sold properties (2nd-Quarter of 2023):
 
1st-Half 2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings
 (as of 6/30/23)
 153 203 18 3 4 381
 Pendings 34 17 4 2 3 60
 Solds 149 105 16 1 3 274
 Sold Volume $63.2M $7.12M $3.44M $480K $4.27M $78.5M
 Sold Median 
 Price
 $400K $51,500 $221K $480K $690K 
 Avg. Days on
 Market (solds)
 83 111 73 107 29 
 
VS.
 
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 
 
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
2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 88 68 6 0 1 163
 Sold Volume $38.7M $4.85M $1.34M $0 $3M $47.89M
 Sold Median
 Price
 $406,500 $59,500 $219,950 N/A $3M 
 Avg. Days on
 Market (solds)
 61 113 80 N/A 0 
 
VS.
 
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 2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings
 (as of 6/30/23)
 39 50 3 0 5 97
 Pendings 5 5 0 0 1 11
 Solds 48 17 0 0 1 66
 Sold Volume $34.3M $1.18M $0 $0 $837,500 $36.32M
 Sold Median
 Price
 $697,500 $49K N/A N/A $837,500 
 Avg. Days on
 Market (solds)
 42 72 N/A N/A 65 
 
VS.
 
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 
 
VS.

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 
 
VS.
 
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
2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 26 9 0 0 1 36
 Sold Volume $15.6M $641,500 $0 $0 $837,500 $17.08M
 Sold Median
 Price
 $514,950 $60K N/A N/A $837,500 
 Avg. Days on
 Market (solds)
 49 51 N/A N/A 65 
 
VS.

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 2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 25 19 10 2 4 60
 Pendings 7 6 0 0 0 13
 Solds 39 23 6 2 1 71
 Sold Volume $15.94M $6.56M $2.12M $845K $2M $27.46M
 Sold Median Price $360K $103K $349,500 $422,500 $2M 
 Avg. Days on
 Market (solds)
 79 135 32 14 223 
 
VS.
 
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 2023
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 133 101 18 2 10 264
 Pendings 41 11 3 0 0 55
 Solds 146 81 11 4 3 245
 Sold Volume $57.2M $9.5M $3.46M $1.36M $2.15M $73.67M
 Sold Median Price $350K $100K $260K $308,500 $285K 
 Avg. Days on
 Market (solds)
 69 70 34 94 37 
 
VS.
 
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 6.9-7.5% 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 of 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)
 

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