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

2013 Year-End Review

Ocean Shores/North Beach
Newsletter

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

NOTABLE NEWS & EVENTS

OCEAN SHORES BROKERS BECAME COLDWELL BANKER OCEAN SHORES BROKERS on 3/18/13

Our office made a big move to Coldwell Banker Ocean Shores Brokers. It has proven to be a great move. We are moving forward. See my Blog Posting by clicking here.

WINTER FREEZE in OCEAN SHORES

Ocean Shores saw a rare low temperatures reaching into the high 10's and low 20's on December 6th-9th. See more info and pictures at www.OceanShoresInfo.com/pics/winterdec2013.html

COLDWELL BANKER OCEAN SHORES BROKERS DECORATES for CHRISTMAS

Our office decorated with lights and a tree. Check it out on my web site at www.OceanShoresInfo.com/news/christmasatcbosb2013.html

CHRISTMAS 2013

Christmas Day was beautiful with a gorgeous sunset. Check it out on my web site at www.OceanShoresInfo.com/pics/christmas2013.html

NEW PICTURES & 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):

Hotel Row:Pictures & Info: www.OceanShoresInfo.com/pics/hotelrow.html
YouTube Video: http://www.youtube.com/watch?v=1_Ui8aokFR4&list=FLhRYWR0DBndaEDmu0zNpztQ

OTHER NOTABLE LOCAL NEWS

Ocean Shores is in line to receive more than $200,000 in grant funding for design of improvements to Point Brown Avenue that would include a bike path and pedestrian walkways. See more at: http://thedailyworld.com/news/local/city-awarded-funds-begin-pt-brown-design#sthash.aqQYMqvt.dpuf.
The Ocean Crest Resort Restaurant in Moclips is still under construction (ruined by a fire).
RANKING REPORTS: I was #6 among all Grays Harbor County brokers for the Number (#) of Transactions Closed and #18 among all Grays Harbor County brokers for Volume ($) Closed for 2013. I was #5 among all Ocean Shores brokers for the Number (#) of Transactions Closed and #9 among all Ocean Shores brokers for Volume ($) Closed in 2013. I was #4 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2013.

UPCOMING EVENTS

February 8th-9th ~ Antique & Collectibles Show: held at the Convention Center.
March 1st-2nd ~ Beachcombers' Fun Fair: held at the Convention Center.
March 21st-23rd ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
March 21st-22nd ~ Dugan's Run: attention runners! Held in the streets of Ocean Shores.
April 4th-6th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
April 25th-27th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
May 10th-11th ~ Home Business Vendor Fair: 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

Timeshares

Lots $10K or Less

Lots $10K-$15K

Lots $15K-20K

Lots $20K+ / Decked-out Lots

View Lots

Waterfront Lots

2013 MARKET ACTIVITY/UPDATE

(January 1st-December 31st)

We definitely have done better in 2013 compared to 2012. We have some very positive numbers:

# of Homes Sold in Ocean Shores increased from 165 in 2012 to 198 in 2013
Median Sales Price for Homes increased from $130,000 in 2012 to $139,900 in 2013
Sold Volume for Homes increased from $23M in 2012 to $29.16M in 2013
# of Total Properties Sold in Ocean Shores rose from 321 in 2011 to 353 in 2012 to 391 in 2013
Total Sold Volume in Ocean Shores rose from $31.15M in 2012 to $36.577M in 2013

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.

OCEAN SHORES MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2013):
Sold Homes
Sold Lots
Sold Condos
Sold Commercial

2013 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	207	449	30	5	19	710
Pendings	20	17	1	0	0	38
Solds	198	169	19	1	4	391
Sold Volume	$29.16M	$3.383M	$2.34M	$260K	$1.434M	$36.577M
Sold Median Price	$139,900	$12,500	$130K	$260K	$378,750
Avg. Days on Market (solds)	243	316	310	60	287

VS.

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	$2.268M	$681,800	$31.15M
Sold Median Price	$130K	$16K	$99,500	$205K	$88,900
Avg. Days on Market (solds)	206	384	401	86	414

2nd-Half 2013	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	118	91	9	0	3	221
Sold Volume	$17.18M	$1.78M	$1.19M	$0	$889,500	$21.04M
Sold Median Price	$139,700	$12K	$125K	N/A	$212,500
Avg. Days on Market (solds)	222	355	331	N/A	324

VS.

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

4th-Quarter 2013	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	48	39	1	0	2	90
Sold Volume	$7.299M	$596,300	$130K	$0	$839,500	$8.865M
Sold Median Price	$142,450	$9,500	$130K	N/A	$419,750
Avg. Days on Market (solds)	220	319	166	N/A	471

VS.

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

NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2013):
Sold Homes
Sold Land

2013 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	49	135	2	0	6	192
Pendings	4	0	0	0	0	4
Solds	31	28	0	0	2	61
Sold Volume	$5.537M	$2.744M	$0	$0	$155K	$8.436M
Sold Median Price	$142,500	$25K	N/A	N/A	$77,500
Avg. Days on Market (solds)	120	307	N/A	N/A	644

VS.

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	$101	$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

2nd-Half 2013	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	19	16	0	0	0	35
Sold Volume	$3.874M	$1.692M	$0K	$0K	$0K	$5.566M
Sold Median Price	$199K	$30,500	N/A	N/A	N/A
Avg. Days on Market (solds)	133	220	N/A	N/A	N/A

VS.

2nd-Half 2012	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	6	9	1	0	0	16
Sold Volume	$1.295M	$347,200	$101K	$0K	$0K	$1.743M
Sold Median Price	$212,450	$16,500	$101K	N/A	N/A
Avg. Days on Market (solds)	222	461	411	N/A	N/A

4th-Quarter 2013	Homes	Land	Condos	Multi- Family	Commercial	Total
Solds	11	6	0	0	0	17
Sold Volume	$2.08M	$1.123M	$0	$0K	$0K	$3.203M
Sold Median Price	$199K	$47,500	N/A	N/A	N/A
Avg. Days on Market (solds)	129	306	N/A	N/A	N/A

VS.

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

SOUTH BEACH (Westport/Grayland/Ocosta) MARKET:

2013 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	75	71	9	4	11	170
Pendings	2	1	0	0	0	3
Solds	59	24	13	2	1	99
Sold Volume	$7.235M	$1.7M	$2.8M	$440K	$27,750	$12.2M
Sold Median Price	$95K	$38,750	$140K	$220K	$27,750
Avg. Days on Market (solds)	237	423	219	92	43

VS.

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

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

2013 Year-End	Homes	Land	Condos	Multi- Family	Commercial	Total
Current Listings	228	263	40	9	29	569
Pendings	19	3	2	0	0	24
Solds	256	96	22	1	2	377
Sold Volume	$34.89M	$3.512M	$3.444M	$210K	$330K	$42.386M
Sold Median Price	$120K	$24,500	$170,500	$210K	$165K
Avg. Days on Market (solds)	212	330	804	135	160

VS.

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	6	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

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

FINANCING NEWS

MORTGAGE NEWS

New rules took into effect for lenders: lenders will now be financially responsible if their customers default on their mortgage. This means if a lender makes a loan in 2014 and beyond, and the customer did not show the ability to repay (mainly it requires borrowers to have less than a 43% debt to income ratio, then the lender can be financially liable, unless the loan was sold to Fannie, Freddie or guaranteed by FHA). There are some exceptions to this 43% debt-to-income requirement. Please speak to your lender.

Interest rates are still very low at around 4.5-4.625% 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....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.

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 Coldwell Banker Ocean Shores Brokers Real Estate

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