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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


2016 Year-End Review
Ocean Shores/North Beach
Newsletter
Presented by April Swenson,
CRS and Managing Broker for Coldwell Banker Ocean Shores Brokers Real Estate
Like Me at www.Facebook.com/OceanShoresProperties
 
 
NOTABLE NEWS & EVENTS
 
 
CHRISTMAS 2016
 
Christmas Day was a beautiful day.  Check out my pictures and the video I took of the beach on Christmas Day on my web site at www.OceanShoresInfo.com/pics/christmas2016.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):
 

OTHER NOTABLE LOCAL NEWS
  • New Business Opened: Gustoso's Italian Restaurant ~ 749 Pt Brown Ave NW
  • Upcoming Clam Digs: Ocean Shores ~ Jan 27th-31st (evening digs)
  • Ranking Reports:   I was #15 among all Grays Harbor County brokers for the Number (#) of Transactions Closed for 2016.  I was #9 among all Ocean Shores brokers for the Number (#) of Transactions Closed for 2016.  I was #5 among all Grays Harbor County brokers for the Number (#) of Vacant Land Closed for 2016.
 
 
UPCOMING EVENTS 
  • January 13th-15th ~ A Pirates Life For Us: local pirate association gather for entertainment and merriment.
  • February 10th-12th ~ Antique & Collectibles Show: held at the Convention Center.
  • March 4th-5th ~ Beachcombers' Fun Fair: held at the Convention Center.
  • March 17th-19th ~ Razor Clam Festival & Seafood Extravaganza: held at the Convention Center.
  • March 19th ~ Dugan's Run: running event.
  • April 1st ~ Ocean Shores Food Bank Event: "Illusion of Elvis": event benefiting our local food bank held at the Convention Center.
  • April 21st-23rd ~ Fine Arts, Photo, & Electronic Media Show: art show held at the Convention Center.
  • May 13th ~ Youth Fishing Derby: held at North Bay Park.
  • May 13th-14th ~ Shoppin' at the Shore: a Mother's Day Event held at the Convention Center.
  • May TBD ~ Clam Digger Rod Run: car show held at the Elks Lodge.
  • May 26th-28th ~ Grays Harbor County Expo: 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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

2016 MARKET ACTIVITY/UPDATE
(January 1st-December 31st)
 
We have done incredibly well in 2016.  We have some of the best numbers since 2005-2007.
  • # of Homes Sold in Ocean Shores increased from 198 in 2013 to 245 in 2014 to 306 in 2015 to 317 in 2016
  • Median Sales Price for Homes increased from $139,900 in 2013 to $143,900 in 2014 to $159,950 in 2015 to $169,900 in 2016
  • Sold Volume for Homes increased from $29.16M in 2013 to $37.35M in 2014 to $53.06M in 2015 to $58.34M in 2016
  • # of Land Sold in Ocean Shores increased from 169 in 2013 to 190 in 2014 to 263 in 2015 to 275 in 2016
  • # of Total Properties Sold in Ocean Shores rose from 391 in 2013 to 464 in 2014 to 612 in 2015 to 656 in 2016
  • Total Sold Volume in Ocean Shores rose from $36.577M in 2013 to $45.6M in 2014 to $66.86M in 2015 to $73.16M in 2016
 
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 and homes.
 
 
OCEAN SHORES MARKET:
 
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2016):
 
2016 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/16) 128 503 38 4 14 687
 Pendings 34 14 6 0 1 55
 Solds 317 275 52 6 6 656
 Sold Volume $58.34M $6.08M $6.47M $1.29M $987K $73.167M
 Sold Median Price $169,900 $13,900 $137,950 $209K $96K 
 Avg. Days on Market (solds) 134 381 141 454 157 
 
VS.
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/15) 137 608 49 3 10 807
 Pendings 28 7 7 1 1 44
 Solds 306 263 33 3 7 612
 Sold Volume $53.06M $6.11M $4.22M $780K $2.69M $66.86M
 Sold Median Price $159,950 $14K $130K $240K $150K 
 Avg. Days on Market (solds) 190 359 162 163 336 
 
VS.
 
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 
 
 
 
2nd-Half 2016
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 172 146 23 2 4 347
 Sold Volume $32.63M $3.47M $2.86M $448,600 $631K $40.04M
 Sold Median Price $175K $14,250 $122,950 $224,300 $96K
 
 Avg. Days on Market (solds) 120 409 192 37 225 
 
VS.
 
2nd-Half 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 158 125 26 1 3 313
 Sold Volume $28.64M $3.1M $3.65M $110K $902K $36.402M
 Sold Median Price $165,950 $16,250 $141,475 $110K $185K
 
 Avg. Days on Market (solds) 168 367 92 98 467 
 
VS.
 
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 
 
 
 
4th-Quarter 2016
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 74 58 8 1 3 144
 Sold Volume $15.24M $1.16M $1.047M $325K $602K $18.374M
 Sold Median Price $192K $12,250 $131K $325K $105K 
 Avg. Days on Market (solds) 141 416 133 21 293 
 
VS.
 
4th-Quarter 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 65 50 14 1 0 130
 Sold Volume $13.24M $1.15M $1.97M $110K $0 $16.47M
 Sold Median Price $182K $20K $141,475 $110K N/A 
 Avg. Days on Market (solds) 180 394 105 98 N/A 
 
VS.
 
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 
 
 
 
NORTH BEACH (Ocean City to Moclips) MARKET:
 
Click on the following links to view the MLS flyers for sold properties (4th-Quarter of 2016):
 
2016 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/16) 40 99 0 2 3 144
 Pendings 7 0 0 0 0 7
 Solds 59 37 0 0 0 96
 Sold Volume $21.22M $2M $0 $0 $0 $23.22M
 Sold Median Price $350K $36K N/A N/A N/A 
 Avg. Days on Market (solds) 237 711 N/A N/A N/A 
 
VS.
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings (as of 12/31/15) 44 115 2 2 7 170
 Pendings 6 7 0 0 0 13
 Solds 42 38 0 0 1 81
 Sold Volume $9.97M $2.4M $0 $0 $200K $12.57M
 Sold Median Price $155K $21,500 N/A N/A $200K 
 Avg. Days on Market (solds) 302 334 N/A N/A 63 
 
VS.
 
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 
 
 
 
2nd-Half 2016
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 36 26 0 0 0 62
 Sold Volume $13.54M $1.43M $0K $0K $0 $14.97M
 Sold Median Price $354K $31,375 N/A N/A N/A 
 Avg. Days on Market (solds) 203 822 N/A N/A N/A 
 
VS. 
 
2nd-Half 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 27 18 0 0 1 46
 Sold Volume $6.608M $1.167M $0K $0K $200K $7.975M
 Sold Median Price $182K $17,450 N/A N/A $200K 
 Avg. Days on Market (solds) 283 387 N/A N/A 63 
 
VS.
 
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 
 
 
 
4th-Quarter 2016
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 18 12 0 0 0 30
 Sold Volume $7.54M $511,750 $0 $0 $0 $8.051M
 Sold Median Price $400K $32,375 N/A N/A N/A 
 Avg. Days on Market (solds) 257 1,115 N/A N/A N/A 
 
VS. 
 
4th-Quarter 2015
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Solds 13 11 0 0 1 25
 Sold Volume $3.722M $1.147M $0 $0K $200K $5.069M
 Sold Median Price $185K $29K N/A N/A $200K 
 Avg. Days on Market (solds) 271 408 N/A N/A 63 
 
VS.
 
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 
 
 
 
SOUTH BEACH (Westport/Grayland/Ocosta) MARKET: 
 
2016 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 46 66 10 6 18 146
 Pendings 9 4 1 1 0 15
 Solds 88 30 11 1 3 133
 Sold Volume $14.11M $1.38M $1.78M $207K $450K $17.927M
 Sold Median Price $140K $33,500 $123K
 $207K
 $125K 
 Avg. Days on Market (solds) 178 252 320 77 261 
 
VS. 
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 44 50 12 3 11 120
 Pendings 8 2 1 0 2 13
 Solds 71 39 16 4 6 136
 Sold Volume $10.602M $4.929M $2.296M $523,400 $2.206M $20.556M
 Sold Median Price $132K $44K $147,500
 $142,550
 $225K 
 Avg. Days on Market (solds) 212 377 199 20 210 
 
VS. 
 
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 
 
 
 
LONG BEACH PENINSULA (Ilwaco to Surfside Estates) MARKET:
 
2016 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 123 213 14 8 24 382
 Pendings 44 22 3 1 0 70
 Solds 365 120 30 0 7 522
 Sold Volume $62.77M $5.1M $5.09M $0 $1.49M $74.45M
 Sold Median Price $148K $32K $189K N/A $190K 
 Avg. Days on Market (solds) 155 350 113 N/A 388
 
 
VS.
 
2015 Year-End
 Homes
Land 
Condos 
Multi-
Family 
Commercial 
Total 
 Current Listings 141 179 15 0 20 355
 Pendings 40 12 1 0 0 53
 Solds 346 122 36 2 3 509
 Sold Volume $58.26M $6.61M $4.44M $403K $640K $70.353M
 Sold Median Price $149,900 $32K $103,250 $201,500 $245K 
 Avg. Days on Market (solds) 194 307 238 47 446
 
 
VS.
 
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 
  
NOTE: All of the above data was pulled from the NWMLS and is not guaranteed.
 


FINANCING NEWS
 
MORTGAGE NEWS 
 
The following are some of the Federal loan changes that have gone into effect:
  • USDA Loans: Upfront Fee was lowered from 2.75% to 1% of the total mortgaged amount (effective Oct 1, 2016).
  • The Good Faith Estimate is now combined with the Truth in Lending (TIL) Disclosure and is now called the "Loan Estimate."   The HUD-1 Settlement Statement is combined with the Final TIL and is now called the "Closing Disclosure."  Perhaps the greatest change is that this "Closing Disclosure" must be in the hands of the Buyer/Borrower 3 days before closing. 
The items above were obtained from different online news sources, such as the Association of Realtors.
 
Interest rates are still very low at around 4.125%-4.375% 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.  There are investment and construction loans available as well.

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.  Or, contact Lee Hauser at Wells Fargo Aberdeen at 360-537-7307 or e-mail her at lee.hauser@wellsfargo.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
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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