April Swenson, Managing Broker at
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

2012 Year-End Review
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
Managing Broker & CRS for Ocean Shores Brokers Real Estate

NOTABLE NEWS & EVENTS

THE MOVE TO OCEAN SHORES BROKERS

I am enjoying working at Ocean Shores Brokers Real Estate. I moved here on October 31st after the owners of my previous company, Coldwell Banker Ocean Beach Properties, decided to close the doors because they were moving to Mercer Island. My colleagues and I finished off strong at CB OBP. I really enjoy working with the owner Dawn Galeana, and I look forward to the future here. Business and activity is going well. See my Blog Posting by clicking here.

WINTER FANTA-SEA CRAFT FAIR 2012

To mark the beginning of the Christmas season, the annual Winter Fanta-Sea Craft Fair was held at the Convention Center. See more info and pictures at www.OceanShoresInfo.com/pics/winterfantaseacraftfair2012.html.

CHRISTMAS 2012

Christmas Eve was a beautiful day. Christmas Day was met by wind and rain. I went down to the Bay and took some video of the stormy waters, which was neat to watch....check it out on my web site at www.OceanShoresInfo.com/pics/christmas2012.html.

CLAM DIGGING 2013

The next clam digs are scheduled in February. We did have some nice evening clam digs in January. See the schedule on my web site at www.OceanShoresInfo.com/pics/clamdigging.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 (www.youtube.com/AprilSwenson):

Grays Harbor Bay:
Pictures & Info: www.OceanShoresInfo.com/pics/bay.html
YouTube Video: http://www.youtube.com/watch?v=fLkwybZYjOM&list=FLhRYWR0DBndaEDmu0zNpztQ&index=2
Downtown Ocean Shores:
Pictures & Info: www.OceanShoresInfo.com/pics/downtown.html
YouTube Video: http://www.youtube.com/watch?v=5lUCxEUpj4s&list=FLhRYWR0DBndaEDmu0zNpztQ

OTHER NOTABLE LOCAL NEWS

The City Council passed an Ambulance/EMS Fee of $7.48/mo. This fee was passed by the Council to alleviate the EMS from relying on funds from the ups and downs of the General Budget and Reserves. This fee is only charged to properties with sewer connected and will be a part of the water/sewer bill. I was present at the Council Meeting/Public Hearing and tried to offer some compromise, but to no avail.
We have only had light dusting of Snow back in early December, which did not last very long.
RANKING REPORTS: I was #6 among all Grays Harbor County brokers for the number (#) of transactions Closed for 2012. I was #5 among all Ocean Shores brokers for the number (#) of transactions Closed for 2012. I was #2 among all Grays Harbor County brokers for the number (#) of Vacant Land Closed for 2012.

UPCOMING EVENTS
February 9th-10th ~ Antique & Collectibles Show: held at the Convention Center.

March 2nd-3rd ~ Beachcombers' Fun Fair: held at the Convention Center.

March 23rd-24th ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.

April 19th-21st ~ Fine Arts, Photo, & Electronic Show: art show held at the Convention Center.

April 26th-28th ~ Spring Fling Arts & Crafts Show: held 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:

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

2012 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)

We have some very positive numbers:

# of Lots Sold in Ocean Shores increased from 132 in 2011 to 161 in 2012
Median Sales Price for Homes in Ocean Shores rose in the 2nd-Half of 2012 to $138,700
Median Sales Price for Homes in Ocean Shores rose in the 4th-Quarter of 2012 to $150K
# of Total Properties Sold in Ocean Shores rose from 321 in 2011 to 353 in 2012 (we remained about the same in Sold Volume)
# of Listings has decreased since 2010 and 2011

The numbers below show that Ocean Shores is still dominating the market for affordability and productivity (# of properties and volume closed) compared to the other beach towns along the Washington Coast.

OCEAN SHORES MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2012):

Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family

2012 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	190	403	34	3	14	644
Pendings	19	5	0	0	1	25
Solds	165	161	17	5	5	353
Sold Volume	$23M	$3.361M	$1.822M	$2.286M	$681,800	$31.15M
Sold Median Price	$130K	$16K	$99,500	$205K	$88,900
Avg. Days on Market (solds)	206	384	401	86	414

VS.

2011 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	213	460	39	2	12	726
Pendings	20	8	3	1	2	34
Solds	169	132	16	1	3	321
Sold Volume	$24.2M	$3.734M	$2.293M	$179,900	$601,500	$31M
Sold Median Price	$130K	$17K	$187,450	$179,900	$49K
Avg. Days on Market (solds)	223	254	430	117	97

2nd-Half 2012	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	90	79	12	3	2	186
Sold Volume	$13.69M	$1.636M	$1.524M	$1.955M	$352,900	$19.158M
Sold Median Price	$138,700	$15K	$137,500	$205K	$176,450
Avg. Days on Market (solds)	186	427	329	25	406

VS.

2nd-Half 2011	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	102	70	11	0	1	184
Sold Volume	$14.336M	$2.105M	$1.485M	$0	$77,500	$18M
Sold Median Price	$128K	$18,250	$189,900	N/A	$77,500
Avg. Days on Market (solds)	224	261	221	N/A	154

4th-Quarter 2012	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	47	34	9	2	0	92
Sold Volume	$7.576M	$659,400	$1.084M	$1.8M	$0	$11.12M
Sold Median Price	$150K	$8,250	$130K	$902,500	N/A
Avg. Days on Market (solds)	179	436	349	35	N/A

VS.

4th-Quarter 2011	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	56	29	6	0	1	92
Sold Volume	$7.289M	$919,987	$762,799	$0	$77,500	$9.049M
Sold Median Price	$121,250	$18K	$152,400	N/A	$77,500
Avg. Days on Market (solds)	213	248	190	N/A	154

NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2012):

Sold Homes
Sold Land
Sold Condos

2012 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	45	98	2	1	11	157
Pendings	1	1	0	0	0	2
Solds	27	21	1	0	0	49
Sold Volume	$4.71M	$1.086M	$101K	$0	$0	$5.897M
Sold Median Price	$160K	$22K	$101K	N/A	N/A
Avg. Days on Market (solds)	206	410	411	N/A	N/A

VS.

2011 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	51	102	2	0	8	163
Pendings	5	1	0	0	0	7
Solds	38	23	16	0	0	62
Sold Volume	$9.657M	$1.181M	$115K	$0	$0	$11.582M
Sold Median Price	$257,035	$32,500	$115K	N/A	N/A
Avg. Days on Market (solds)	237	360	216	N/A	N/A

2nd-Half 2012	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	6	9	1	0	0	16
Sold Volume	$1.295M	$347,200	$101K	$0	$0	$1.743M
Sold Median Price	$212,450	$16,500	$101K	N/A	N/A
Avg. Days on Market (solds)	186	427	329	25	406

VS.

2nd-Half 2011	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	17	7	1	0	0	25
Sold Volume	$4.143M	$705,400	$115K	$0	$0	$4.963M
Sold Median Price	$275K	$25K	$115K	N/A	N/A
Avg. Days on Market (solds)	177	201	216	N/A	N/A

4th-Quarter 2012	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	4	3	1	0	0	8
Sold Volume	$810K	$186,750	$101K	N/A	N/A	$1.098M
Sold Median Price	$210K	$30K	$101K	N/A	N/A
Avg. Days on Market (solds)	299	458	411	N/A	N/A

VS.

4th-Quarter 2011	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	9	2	1	0	0	12
Sold Volume	$2.462M	$178,900	$115K	$0	$0	$2.756M
Sold Median Price	$209,068	$89,450	$115K	N/A	N/A
Avg. Days on Market (solds)	196	165	216	N/A	N/A

SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:

2012 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	57	78	13	4	13	165
Pendings	1	0	1	2	0	4
Solds	44	17	15	3	0	79
Sold Volume	$5.605M	$1.1M	$2.313M	$202,900	$0	$9.22M
Sold Median Price	$100,150	$43K	$133K	$64K	N/A
Avg. Days on Market (solds)	217	451	152	133	N/A

VS.

2011 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	110	123	10	2	10	255
Pendings	7	3	2	3	0	15
Solds	73	21	13	1	2	110
Sold Volume	$9.153M	$2.216M	$1.746M	$120K	$421K	$13.656M
Sold Median Price	$95K	$50K	$130K	$120K	$210,500
Avg. Days on Market (solds)	222	333	300	691	65

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

2012 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	223	266	35	7	26	557
Pendings	17	1	0	0	1	19
Solds	188	82	17	1	5	293
Sold Volume	$22.81M	$2.545M	$2.29M	$128K	$913,500	$28.686M
Sold Median Price	$110K	$25,500	$160K	$128K	$111,500
Avg. Days on Market (solds)	251	283	268	166	166

VS.

2011 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	263	272	41	2	21	599
Pendings	15	1	0	1	2	19
Solds	167	63	14	1	6	251
Sold Volume	$25.882M	$2.66M	$1.969M	$140K	$1.644M	$32.295M
Sold Median Price	$130K	$25K	$121,325	$140K	$240K
Avg. Days on Market (solds)	238	335	181	30	339

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

FINANCING NEWS

MORTGAGE NEWS

In 2012, the total volume for residential mortgage originations rose by 24.8% from 2011 ($1.835T in 2012 compared to $1.47T in 2011).

POSITIVE NEWS

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.

For more help on getting pre-approved/qualified, contact our local lender, The Bank of the Pacific. You can call Jodi Hampton, the Residential Loan Officer, at 360-628-6648 (cell) or e-mail her at jhampton@bankofthepacific.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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April Swenson, Managing Broker at Ocean Shores Brokers Real Estate

April Swenson, Managing Broker at
Ocean Shores Brokers Real Estate