April Swenson, Managing Broker at
Coldwell Banker Ocean Shores Brokers Real Estate
July 2013
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
Managing Broker & CRS for Coldwell Banker Ocean Shores Brokers Real Estate
NOTABLE NEWS and
EVENTS
INDEPENDENCE DAY 2013
Fireworks seen and let off
all along our beaches....a Must See. See more info, pictures and my video at
www.OceanShoresInfo.com/pics/july4th2013.html
FIVE STAR DEALERSHIPS SAND and SAWDUST
FESTIVAL 2013
Sandcastle competitions
on the beach (off the Chance a La Mer beach access street)...you will like the
sand sculptures created..."Candy Land" won the Master's Division. Wood carving
competitions and displays held at the Convention Center. Held on June
21st-23rd. See more info, pictures and my video at www.OceanShoresInfo.com/pics/sand&sawdustfestival2013.html
FLAG DAY PARADE 2013
Ocean Shores honored
Old Glory with its traditional Parade in downtown on June 8th. See more info,
pictures and my video at www.OceanShoresInfo.com/pics/flagdayparade2013.html
ART SHOW 2013
The 44rd Annual Art Show was held in the
Convention Center on April 19th-21st. See more info and pictures at
www.OceanShoresInfo.com/pics/artshow2013.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):
OTHER NOTABLE LOCAL NEWS
- Ocean Shores
Brokers is now Coldwell Banker
Ocean Shores Brokers
- There is a new Farmer's Market at the
Library open on the weekends during the Summer
UPCOMING EVENTS
July 13th-14th ~ Ocean Shores Tri
and Foot Fest: compete in running events.
July 26th-28th ~ Sun and Surf
Run: motorcycles come to Ocean Shores.
August 17th-18th ~ Body and Soul
Festival: explore options in creating healthier lifestyles.
August 17th-18th ~ Fun Fly in Ocean
Shores: kite flying on the beaches of Ocean Shores.
August 31st ~ Old Fashioned Labor Day
Picnic & Paddle-a-thon: picnic and water activities at North Bay Park
on Duck Lake.
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 $100K
Homes $100K-$150K
Homes $150K+
View Homes
Waterfront Homes
Condos
Lots $10K or Less
Lots $10K-$15K
Lots $15K-20K
Lots $20K+
View Lots
Waterfront Lots
MARKET
ACTIVITY/UPDATE
(1st-Half and 2nd-Quarter 2013: January 1st-June
30th)
Activity (both inquiries and sales) have
definitely increased since the beginning of the year, as I have personally
experienced. Currently, we are selling more homes than land.
OCEAN
SHORES MARKET:
Click on the following links to view the
MLS flyers for sold properties (2nd Quarter of 2013):
Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family
Sold Commercial
1st-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 267 | 437 | 40 | 4 | 19 | 767 |
| Pendings | 50 | 18 | 6 | 0 | 1 | 75 |
| Solds | 77 | 79 | 9 | 1 | 3 | 169 |
| Sold Volume | $11.5M | $1.613M | $1.015M | $260K | $575K | $14.963M |
| Sold Median Price | $138K | $12,500 | $135K | $260K | $287,500 | |
| Avg. Days on Market
(solds) | 280 | 271 | 313 | 60 | 291 | |
2nd-Quarter 2013
| Homes | Land | Condos | Multi-
Family | Commercial | Total |
| Solds | 39 | 51 | 4 | 1 | 3 | 98 |
| Sold Volume | $5.89M | $969K | $493K | $260K | $575K | $8.187M |
| Sold Median Price | $145K | $12K | $113,975 | $260K | $287,500 | |
| Avg. Days on Market (solds) | 245 | 245 | 259 | 60 | 291 | |
NORTH BEACH (Ocean City to Moclips)
MARKET:
Click on the following links to view the
MLS flyers for sold properties (2nd Quarter of 2013):
Sold Homes
Sold Land
1st-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings |
64 |
121 |
3 |
1 |
7 |
196 |
| Pendings |
5 |
4 |
0 |
0 |
0 |
9 |
| Solds |
10 |
15 |
0 |
0 |
1 |
26 |
| Sold Volume |
$1.33M |
$1.1M |
$0 |
$0K |
$125K |
$2.555M |
| Sold Median Price |
$24,500 |
$18K |
$0 |
$0K |
$125K |
|
| Avg. Days on Market
(solds) |
81 |
376 |
N/A |
N/A |
882 |
|
2nd-Quarter
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Solds |
6 |
8 |
0 |
0 |
0 |
14 |
| Sold Volume |
$799K |
$969K |
$0 |
$0K |
$0K |
$1.768M |
| Sold Median Price |
$65,725 |
$31K |
$0 |
$0K |
$0K |
|
| Avg. Days on Market
(solds) |
67 |
223 |
N/A |
N/A |
N/A |
|
SOUTH BEACH (Westport/Grayland/Ocosta)
MARKET:
1st-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 80 | 84 | 21 | 4 | 13 | 202 |
| Pendings | 12 | 4 | 3 | 0 | 1 | 20 |
| Solds | 23 | 15 | 6 | 1 | 0 | 45 |
| Sold Volume | $2.79M | $744K | $1.518M | $215K | $0 | $5.267M |
| Sold Median Price | $90K | $36,500 | $264,500 | $215K | $0 | |
| Avg. Days on Market
(solds) | 266 | 477 | 172 | 139 | N/A | |
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
1st-Half
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings | 314 | 308 | 46 | 8 | 31 | 707 |
| Pendings | 44 | 8 | 5 | 0 | 0 | 57 |
| Solds | 108 | 43 | 5 | 1 | 1 | 158 |
| Sold Volume | $14.14M | $1.415M | $757,500 | $210K | $100K | $16.62M |
| Sold Median Price | $116K | $24K | $176K | $210K | $100K | |
| Avg. Days on Market
(solds) | 237 | 379 | 1,343 | 135 | 18 | |
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
FHA CHANGES
FHA announced some changes to new FHA
Loans as of April 2013:
- All loans with a loan-to-value of 90% or
more (in other words, loans with 10% down or less) are required to carry PMI
(Mortgage Insurance) for the life of the loan
- Mortgage Insurance Premium (MIP) is
increased by .1%
OTHER NEWS
Interest rates have increased to around
4.5-4.75% for a 30-yr fixed rate with 0 points (depending on credit and down
payment), but are still very low. Financing 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, Timberland Bank. You can call
Brian Bednarik, the Residential Loan Officer, at 360-591-5772 (cell) or e-mail
him at bdbednar@timberlandbank.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!