Ocean Shores Newsletter for Real Estate, Events, News, etc. ~ 2019 2nd-Quarter

2nd-Q / 1st-Half of 2019

Ocean Shores/North Beach
Real Estate Newsletter

Presented by April Swenson,
CRS and Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate

NOTABLE NEWS and EVENTS

INDEPENDENCE DAY at the BEACH 2019

July 4th fell on a Thursday and of course the town was packed. It was a lovely day and evening. The nighttime brought tons of firework displays. See my video and pictures on my website at www.OceanShoresInfo.com/pics/july4th2019.html.

FIVE STAR DEALERSHIPS SAND and SAWDUST FESTIVAL ~ June 2019

Beautiful weather marked this weekend of fun. One of the best annual events in Ocean Shores. Something new was the Sand Art on the Beach, and of course wood carving creations. Check out my pictures and video on my website at www.OceanShoresInfo.com/pics/sandsawdustfestival2019.html.

FLAG DAY PARADE ~ June 2019

Ocean Shores honored Old Glory with a traditional parade through the streets of downtown Ocean Shores. Check out my video and pictures on my website at www.OceanShoresInfo.com/pics/flagdayparade2019.html.

KITE FESTIVAL ~ June 2019

The Grays Harbor Festival of Colors kite festival saw all sorts of kites, shapes, sizes and colors. Check out my pictures and video on my website at www.OceanShoresInfo.com/pics/kitefestival2019.html.

The waves were wild at the Jetty�.Check out my pictures on my website at www.OceanShoresInfo.com/pics/jettyjan2019.html.

NEW 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

The City of Ocean Shores issued 88 single-family new home permits for Jan 1st-June 30th, 2019. You can see the entire report from the Permit Office at https://www.osgov.com/files/2019%20PermitsIssued%20(002).pdf.

The new Ace/Buck Electric building is now Open on Pt Brown Ave NW (next to the movie theater).

The Ocean Shores Pharmacy will also be making a move over to a new building still under construction by the current location where IGA and Alec's Restaurant are located.

New Restaurant Open: Double Barrel BBQ at 732 Pt Brown Ave NE. They have good brisket.

New Business/Special Food shop: Back Porch Smoked Meats & Cheese House at 861 Pt Brown Ave NW. They have some really good meats and cheeses.

August 10th ~ Ocean Shores Woof-a-Thon: dog event.

Aug 30th-Sept 1st ~ AAOS Arts & Crafts Festival: held at the Convention Center.

August 31st ~ Paddle-the-Shores: all skill levels are welcome; held at the Oyhut Bay Dock on the Lake Minard Canal.

September 20th-22nd ~ Whale of a Quilt Show: quilt show held at the Convention Center.

October 16th-20th ~ Irish Music Festival: largest Irish music festival on the West Coast.

Nov 29th-Dec 1st ~ Winter Fanta-Sea: Christmas shopping 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:

2nd-Q/1st-Half 2019
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.

Median Sales Price for Lots increased from $15,000 in 2018 to $21,500 in 2019.

The # of Listings is down.

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 (2nd-Quarter of 2019):

Sold Homes
Sold Lots
Sold Condos

Sold Commercial

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 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 2019):

Sold Homes
Sold Land

Sold Commercial

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 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 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	41	83	18	1	17	160
Pendings	16	6	5	1	2	30
Solds	42	19	9	1	4	75
Sold Volume	$8.58M	$1.01M	$1.77M	$269,500	$897K	$11.81M
Sold Median Price	$180K	$32K	$185K	$269,500	$186,500
Avg. Days on Market (solds)	115	286	117	89	248

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

1st-Half 2019	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	149	186	21	4	11	310
Pendings	44	30	11	3	2	33
Solds	157	67	21	0	3	583
Sold Volume	$38.6M	$3.1M	$3.44M	$0	$969K	$46.11M
Sold Median Price	$210K	$38,500	$155K	N/A	$299K
Avg. Days on Market (solds)	115	272	99	N/A	55

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

Interest rates are still very low at around 3.75%-4% 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!

April Swenson, Managing Broker at Coldwell Banker Ocean Shores Brokers Real Estate

April Swenson, Managing Broker at
Coldwell Banker Ocean Shores Brokers Real Estate