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

Muriah North Condo building located at 1307 Ocean Shores Blvd SW is now called the Ocean Crest Condominiums.
The Ocean Crest Resort Restaurant in Moclips re-opened after being ruined by a fire.
RANKING REPORTS: I was #13 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2014. I was #8 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2014. I was #5 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2014.

UPCOMING EVENTS

January 16th-18th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
February 14th-15th ~ Antique & Collectibles Show: held at the Convention Center.
February 14th-16h ~ Capitol Volkssport Club Biennial Walking Fest: 6 trails & 1 bicycle route through Ocean Shores, the beach & North Beach.
March 7th-8th ~ Beachcombers' Fun Fair: held at the Convention Center.
March 20th-22nd ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
April 18th-19th ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
April 24th-26th ~ Spring Fling Arts & Crafts Show: held at the Convention Center.
April 24th-25th ~ High Rollin' Hot Rods at the Beach: held at the Quinault Beach Resort & Casino.
May 9th-10th ~ Shoppin' at the Shore: a Mother's Day Event 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:

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:

# of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014
Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014
Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014
# of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 (Median Sales Price stayed about the same)
# of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014
Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014

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

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