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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


2014 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 and EVENTS
 
RAIN FALL in GRAYS HARBOR COUNTY ~ JANUARY 2015 

On Sunday, January 4th to Monday, January 5th, our County saw over 6" of rain fall and caused flooding and landslides in Aberdeen and Hoquiam.  Ocean Shores saw minimal damage, but Magellan Ave off of Pt Brown Ave NW is closed due to the rain damaging a culvert and the road. 

 
NEW YEARS DAY 2015

Christmas Eve and New Years Day were beautiful days.  Check out my pictures and video I took on New Years Day on my web site at www.OceanShoresInfo.com/pics/newyearsday2015.html.
 

PADDLE the SHORES 2014

Held on August 30th at North Bay Park with hand boat races and more.  Check it out on my web site at www.OceanShoresInfo.com/pics/paddletheshores2014.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):
 
New Years Day 2015:Pictures and Info:   www.OceanShoresInfo.com/pics/newyearsday2015.html
YouTube Video:   https://www.youtube.com/watch?v=z2PfWHGb1ss&list=FLhRYWR0DBndaEDmu0zNpztQ


OTHER NOTABLE LOCAL NEWS
 

UPCOMING EVENTS 


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

 


2014 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)
 
We have done better in 2014 compared to 2013.  We have some very positive numbers:

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 2014):
Sold Homes
Sold Lots
Sold Condos
Sold Multi-Family
Sold Commercial

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/14) 195 552 28 6 14 795
 Pendings 19 12 3 0 1 35
 Solds 245 190 17 4 8 464
 Sold Volume $37.35M $3.796M $1.44M $812,500 $2.203M $45.6M
 Sold Median Price $143,900 $12,700 $85K $210K $167,500 
 Avg. Days on Market (solds) 230 279 246 104 288 

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/13) 207 449 30 5 19 710
 Pendings 20 17 1 0 0 35
 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 

 

2nd-Half 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 129 112 11 4 2 258
 Sold Volume $20.03M $1.94M $978,400 $812,500 $1.278M $25.039M
 Sold Median Price $144K $12K $99K $210K $639K
 
 Avg. Days on Market (solds) 200 265 293 104 388 

VS.

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 

 

4th-Quarter 2014
 Homes
Land 
Condos 
Multi-
Family
 
Commercial 
Total 
 Solds 53 43 7 1 2 106
 Sold Volume $9.19M $815,265 $469,500 $182,500 $1.278M $11.935M
 Sold Median Price $159,900 $12,500 $47K $182,500 $639K 
 Avg. Days on Market (solds) 197 276 259 373 388 

 VS. 

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 

 

NORTH BEACH (Ocean City to Moclips) MARKET:

Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2014):
Sold Homes
Sold Land 

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/14) 58 160 1 0 1 220
 Pendings 3 4 0 0 0 7
 Solds 33 13 0 0 0 46
 Sold Volume $10.19M $337,400 $0 $0 $0 $10.527M
 Sold Median Price $304,500 $19K N/A N/A N/A 
 Avg. Days on Market (solds) 241 315 N/A N/A N/A 

VS.

2013 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/13) 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 

 

2nd-Half 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 17 9 0 0 0 26
 Sold Volume $5.263M $253,900 $0K $0K $0K $5.517M
 Sold Median Price $290K $19K N/A N/A N/A 
 Avg. Days on Market (solds) 202 361 N/A N/A N/A 

VS.

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 

 

4th-Quarter 2014
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 11 4 0 0 0 15
 Sold Volume $3.4M $175,900 $0 $0K $0K $3.576M
 Sold Median Price $290K $24K N/A N/A N/A 
 Avg. Days on Market (solds) 195 306 N/A N/A N/A 

VS.

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 


 

SOUTH BEACH (Westport/Grayland/Ocosta) MARKET: 
 
2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 62 74 13 2 15 166
 Pendings 5 2 0 1 0 8
 Solds 70 20 19 1 1 111
 Sold Volume $9.076M $826,300 $2.486M $99K $5.955M $18.44M
 Sold Median Price $130K $25K $145K $99K $117,750 
 Avg. Days on Market (solds) 178 276 105 25 145 

VS.

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 

 

LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:

2014 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 218 251 31 4 25 529
 Pendings 21 5 2 0 0 28
 Solds 261 111 27 1 5 405
 Sold Volume $41.77M $3.947M $2.16M $89,950 $557K $48.524M
 Sold Median Price $140K $26K $80K $89,950 $150K 
 Avg. Days on Market (solds) 203 287 672 308 308 

VS.

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
 

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



FINANCING NEWS


MORTGAGE NEWS 

The Federal Housing Administration (FHA), a government insurer of home loans, cut 50 basis points (0.50%) from the annual premium for FHA-backed loans with terms greater than 15 years. For most FHA loans this will reduce the annual premium from 1.35% of the loan balance to 0.85% for case numbers assigned on or after January 26, 2015.

Interest rates are still very low at around 3.75% 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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