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

Cell / Text: 360-589-2777       aswenson25@juno.com
          Fax: 360-289-3941                                 www.OceanShoresInfo.com
Ocean Shores, WA Real Estate


2nd-Quarter/1st-Half 2020
Ocean Shores/North Beach
Real Estate Newsletter
Presented by April Swenson,
CRS and Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
Like Me at www.Facebook.com/OceanShoresProperties
   

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:









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):

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):

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!



April Swenson, Managing Broker & CRS
Coldwell Banker Ocean Shores Brokers ~ Ocean Shores, WA
Cell / Text:   360-589-2777
Fax: 360-289-3941
aswenson25@juno.com              www.OceanShoresInfo.com

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