April Swenson, Managing Broker at
Coldwell Banker Ocean Shores Brokers Real Estate
October 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
PADDLE THE SHORES and LABOR DAY
PICNIC 2013
Held at the North Bay Park
on Duck Lake. See more info, pictures and my video at www.OceanShoresInfo.com/pics/paddletheshores2013.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
- The restaurant at the Ocean Crest Resort
in Moclips is under construction
- You can view the Ocean Shores City
Profile at http://www.osgov.com/documents/profile2013.pdf
UPCOMING EVENTS
October 25th-27th ~ Celtic Music
Festival: Celtic music played at Galway Bay Restaurant and Convention
Center.
Nov 2th - Dec 1st ~ Winter
Fanta-Sea: Christmas shopping among the arts and craft vendors 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:
MARKET
ACTIVITY/UPDATE
(3rd-Quarter 2013: July 1st - September 30th)
Currently, we are selling more homes than
land. We are still very busy. Ocean Shores is selling, but prices are still
low and affordable.
OCEAN
SHORES MARKET:
Click on the following links to view the
MLS flyers for sold properties (3rd-Quarter of 2013):
Sold Homes
Sold Lots
Sold Condos
Sold Commercial
3rd-Quarter 2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings |
246 |
477 |
34 |
4 |
21 |
782 |
| Pendings |
37 |
25 |
4 |
0 |
0 |
66 |
| Solds |
69 |
52 |
7 |
0 |
1 |
129 |
| Sold Volume |
$9.853M |
$1.183M |
$935K |
$0 |
$50K |
$12.021M |
| Sold Median Price |
$135K |
$13,250 |
$119K |
$0 |
$50K |
|
| Avg. Days on Market
(solds) |
227 |
383 |
325 |
N/A |
30 |
|
NORTH BEACH (Ocean City to Moclips)
MARKET:
Click on the following links to view the
MLS flyers for sold properties (3rd-Quarter of 2013):
Sold Homes
Sold Land
3rd-Quarter
2013
|
Homes
|
Land
|
Condos
|
Multi-
Family
|
Commercial
|
Total
|
| Current Listings |
58 |
136 |
2 |
0 |
8 |
204 |
| Pendings |
11 |
4 |
0 |
0 |
0 |
15 |
| Solds |
9 |
9 |
0 |
0 |
0 |
18 |
| Sold Volume |
$1.998M |
$558K |
$0 |
$0 |
$0 |
$2.556M |
| Sold Median Price |
$235K |
$24K |
$0 |
$0 |
$0 |
|
| Avg. Days on Market
(solds) |
129 |
181 |
N/A |
N/A |
N/A |
|
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
FINANCING NEWS
FHA is running slower due to the
Government Shut Down, but they are still keeping a limited staff to help approve
underwriting of new home loans. Fannie and Freddie are unaffected because they
run off monies received from charges they pass onto the lenders. These are the
reported stories from online news agencies.
Interest rates are around 4.25% for a
30-year fixed rate with 0 points (depending on credit and down payment).
Financing is available through FHA, VA, USDA and Conventional Loans to buy
primary and secondary/vacation homes in Ocean Shores and the North Beach. If
you are buying a 2nd home, your loan must be a Conventional Loan and you must
have at least 10% down with very good credit. But with any loan of less than
20% down, PMI (Private Mortgage Insurance) is required.
For more help on getting
pre-approved/qualified, contact a lender that I had a very good encounter with
during one of my more recent sales...he was knowledgeable and communicative.
You can call Saul Schiffner, the Residential Loan Officer, at 425-422-6333 or
e-mail him at saul.schiffner@wvmb.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
Your Beach Destination Awaits You at the #1
Washington Coast Town!