CityofOceanShores.com Newsletter ~ 09.2009

Beach Updates
This town is still construction nuts! Do yourself a favor and stay off Point Brown Avenue until at least November now. For the most part, downtown is still ripped up as the city is having all the roads repaved and the roundabout construction is also underway. It's still really crazy. Other than that things are still pretty hoping at the beach even though the tourist season is over. The weekends lately have been particular busy with folks visiting and looking at getaway/retirement. This coming weekend should be very busy as the Razor Clam season gets underway. If you've never dug or ate a razor clam, you're missing out. Trust me. It took me a few years to give it a shot and now I just can't get enough... But don't tell any game wardens that I said that....

Ocean Shores Real Estate Update
It's been really busy. Buyers are buying! August showed three straight months of improving home sales at the beach. September has flattening out as residential sales remained the same as August. What we are seeing is that people with money, who held back when the economy was on the brink, are starting to buy. Smart money is buying real estate again at what many see at the bottom and capitalizing on the best mortgage rates in decades.



September Home Sales
Sales continue to climb out of the gutter at the beach for the third straight month in a row. 16 houses sold in September. Average sales price nudged up to $166,100 (up from $150,688 in August). 21 homes went pending during September. There are currently 39 homes pending in Ocean Shores right now.

There's only 215 homes on the market right now versus 253 in July. Home inventory is still shrinking and sales are still happening. Average price is $231,012.

September Vacant Lot Sales11 Lot sold in September (down from 13 in August for an average selling price of $32,527. The cheapest one was $8,500 and the most expensive was $80,000. Average time on the market was only 209 days. There are currently 12 lots that are pending around town... There's 551 lots on the market right now.


September Condo SalesThree condos closed during September at the beach. Average price was $88,833. The big news in condo sales is that there are currently 6 of them pending (including two at the Dreamscape Condos). That's a huge jump! There are 107 condos on the market in Ocean Shores right now.

Image from:http://oceanshoresrealestate....
Dreamscape Condos are now very serious about selling off their remaining inventory. Only twelve units are left and are now being offered as Short Sales ~ meaning that the owners are now offering them for less than what is owed to the bank. This is a great opportunity that will not last. "Here's More Info."



BrandNewBeachHomes.com is a real estate blog about new homes and new construction out at the beach. Take a look!

If you have any questions regarding Ocean Shores/North Coast Real Estate, call Jeff Daniel of Coldwell Banker Ocean Beach Properties at 360.581.9020 or visit my website at www.cityofoceanshores.com. Thanks! All real estate numbers and stats apply to the Ocean Shores real estate market. All statistics are supplied from the Northwest Multiple Listing Service.

Upcoming Events
Paddle the Shores
Cat Fancier's Association Cat Show
October 24-25, 2009A Cat Fanciers Association All Breed Cat Show . See an incredible variety of cats from the ordinary to the very unusual! Saturday - 10AM to 5PM & Sunday - 9AM to 4PM. Don't bring your dog.

Jazz at the Beach - Jazz Festival
November 6-8, 2009Jazz bands from around the United States and Canada join together to offer over 65 hours of live jazz at several venues throughout Ocean Shores. http://users.techline.com/diggindixie/

Winter Fanta-Sea
November 27-29, 2009
Over 70 arts and crafts booths feature thousands of unique handmade items just in time for the holidays! Bring the kids, Santa will be there to listen to all of your Christmas wishes.

click the logo and be a fan of Ocean Shores Real Estate

Razor Clam Season Tentatively set to Open at 5 Beaches in Mid-October (this weekend!)Image from:http://www.dfw.state.or.us/MR...View image on Bing The first razor-clam dig of the fall season will get under way Oct. 16 if marine toxin tests show the clams are safe to eat, the Washington Department of Fish and Wildlife (WDFW) announced today. Additional digging opportunities are scheduled through Jan. 3. Evening digs are tentatively planned at Twin Harbors (Oct. 16-19); Long Beach and Copalis (Oct. 16, 17 and 18); and Mocrocks and Kalaloch Beach (Oct. 17 and18). Digging at all beaches will be restricted to the hours between noon and midnight. “The results of our 2009 summer stock assessment show that Long Beach, Twin Harbors and Kalaloch Beach have had an increase in their total allowable catch, while Copalis and Mocrocks are about the same,” said Dan Ayres, WDFW coastal shellfish manager. “This is great news for Kalaloch, which will have harvest opportunities for the first time since spring 2007.” Image from:http://rodnreal.com/clamtides...View image on Bing The best time to start digging is an hour or two before low tide, said Ayres, who also recommends that diggers check weather and surf conditions before heading out. Harvesters are allowed to take no more than 15 razor clams and must keep the first 15 they dig, regardless of size or condition. Each digger’s clams must be kept in a separate container. Image from:http://wdfw.wa.gov/science/in...View image on Bing A license is required for anyone age 15 or older. Any 2009 annual shellfish/seaweed license or combination fishing license is still valid. Another option is a razor-clam only license available in annual or three-day only versions. Descriptions of the various licensing options are available on the WDFW website at http://fishhunt.dfw.wa.gov. Tentative opening dates and evening low tides in October are:
Friday, Oct. 16 ( 5:50 p.m. -0.5 ft.) Long Beach, Twin Harbors, Copalis
Saturday, Oct. 17 (6:38 p.m. -0.8 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks, Kalaloch
Sunday, Oct. 18 (7:23 p.m. -1.1ft.) Long Beach, Twin Harbors, Copalis, Mocrocks, Kalaloch
In addition, WDFW has tentatively scheduled the following digs:
Saturday, Nov. 14 (4:34 p.m. -0.3 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks
Sunday, Nov. 15 (5:21 p.m. -0.7 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks
Monday, Nov. 16 (6:05 p.m. -0.9 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks, Kalaloch
The Pacific razor clam (Siliqua patula) is an exceptionally meaty shellfish which ranges from California to Alaska. It is abundant on surf-pounded ocean beaches, but also occurs in sheltered areas along the coast. Limited diving observations have indicated some adult razor clams (S.patula) offshore for up to one-half mile. Razor clams dredged in water deeper than 30 feet, although similar to the beach clam, are a different species (Siliqua sloati).

In Washington waters, the razor clam grows to a maximum length of six inches, although they are seldom found. Clams seven inches long have been recorded, but are very rare. The life expectancy for Washington clams is five years. Again, there are exceptions, but razor clams suffer from a high degree of mortality due to predation by Dungeness crabs, shore birds, numerous species of fish and of course thousands of clam diggers. A disease was also discovered in the early 1980's that caused mass mortalities of large numbers of clams. It is unknown how long this disease has affected clam populations. In contrast, razor clams found in Alaska may grow to eleven inches in length and live to be 15 years old, due to colder water temperatures and slower growth rates.

Razor clams are found primarily on the intertidal coastal beaches (those that are exposed at low tide) from a +3 foot level to a -2 foot tide level. The Washington Department of Fish and Wildlife (WDFW) divides the harvest areas into five major management zones (see map): Beaches scheduled to open are:
Long Beach, which extends from the Columbia River to Leadbetter Point.
Twin Harbors Beach, which extends from the mouth of Willapa Bay north to the south jetty at the mouth of Grays Harbor.
Copalis Beach, which extends from the Grays Harbor north jetty to the Copalis River, and includes the Copalis, Ocean Shores, Oyhut, Ocean City and Copalis areas.
Mocrocks Beach, which extends from the Copalis River to the southern boundary of the Quinault Reservation near the Moclips River, including Iron Springs, Roosevelt Beach, Pacific Beach and Moclips.
Kalaloch Beach, which extends from the South Beach Campground to Brown’s Point (just south of Beach Trail 3) in the Olympic National Park.

Beach News
This is where I've been getting mine lately:

Jeff Daniel Associate Broker
Coldwell Banker Ocean Beach Properties
Cell Phone: 360.581.9020749 Point Brown Ave NW
PMB 1568, Ocean Shores, WA 98569
360.289.3111 (fax)

Luxury Ocean Front Condos have never been so Affordable!

Luxury Ocean Front Condos have never been so Affordable!
Greetings from the beach! This email is to make sure that you’re aware of the current opportunity with the Dreamscape Condos located at the Southern tip of Ocean Shores. Fourteen units are now being offered as Short Sales ~ meaning that the owners are now offering them for less than what is owed to the bank. This is a great opportunity that will not last.

Guaranteed Bottom Prices!
These new LOW prices do not include furnishings or other past incentives and are subject to deed release by the bank. We are guaranteed a 5 day response to each buyer if the offer is at least full list price. Buyers can still make offers at less than list price. These will be reviewed by the bank and a response is guaranteed within 10 days.

This is it! There has never been a better Time to Buy!
These are rock bottom crazy prices! Getaway and relax while watching ships, whales and fishing boats from the comfort of your own private retreat just seconds from miles and miles of pristine beaches. The views are truly amazing.

Changes & Updates
> New Konecto flooring in certain units. This new flooring lessens noise heard from surrounding units and has been a huge welcome!
> A brand new Storefront has been added to the entire condo. This new enclosure keeps the wind and rain out of the walkways and tower areas and has been welcomed by all current owners and visitors. It has also enhanced the overall value of the building and individual ownership of each condo unit.

Active Price List (09/10/09)
Unit 303 - $178,420 ~ original price $319,000
Unit 405 - $198,244 ~ original price $339,000
Unit 406 - $208,681 ~ original price $319,000
Unit 404 - $208,309 ~ original price $309,000
Unit 207 - $218,148 ~ original price $319,000
Unit 402 - $208,193 ~ original price $309,000
Unit 403 - $207,885 ~ original price $309,000
Unit 505 - $238,617 ~ original price $359,000
Unit 506 - $237,814 ~ original price $379,000
Unit 208 - $243,670 ~ original price $309,000
Unit 502 - $238,119 ~ original price $379,000
Unit 503 - $238,433 ~ original price $349,000
Unit 408 - $268,914 ~ original price $389,000
Unit 507 - $278,539 ~ original price $409,000

Don't Wait Any Longer
Dreamscape offers one of the last affordable view properties on the Pacific Northwest Coast. Each home has unparalleled views of the Pacific Ocean, the Jetty, Olympic Mountains, Westport nightscape, stunning sunsets and pristine beaches.

For sales inquiries, please contact
Ric Canfield at 360.593.4266
Jeff Daniel at 360.581.9020
Coldwell Banker Ocean Beach Properties

749 Point Brown Ave NW
PMB 1568, Ocean Shores, WA 98569
360.289.3111 (fax)

To Buy or to Build, is that the only Question?

On many occasions while showing new houses out on the beach, some buyers take the approach that they would rather get a loan to buy a vacant lot, then hire a local builder to build them their beach getaway. There are several differences when it comes to the financing options between purchasing an existing home or buying a lot and having a home built on it. I recently sat down and talked to Carol Warfield, loan officer with the Bank of the Pacific about some of the differences.

The first is the required down payment

On a conventional construction loan, you must invest 20% of the cost of the entire project, which would include land purchase and prep, cost of plans, plan review, building permit, well and septic design & permits if applicable, cost of construction including builders overhead, sales tax, etc. All closing costs on a construction loan are in addition to the 20% investment in the project itself, and generally run more than closing costs for a purchase loan.

With a construction loan, you can almost always count on two things - it will take longer and cost more than you expect. Another thing to watch is change orders. Once your construction loan is in place, 100% of the cost of change orders comes out of your pocket. 

On a purchase loan you know up-front what your costs will be. You will pay the required down payment, plus closing costs. There are many types of loan programs available for purchase loans - Conventional, FHA and USDA are among the most popular.

The second difference is interest rate

Single-close construction loan interest rates typically run about 1/2% higher than purchase loans interest rates. With either type of loan, you lock in an interest rate prior to closing the loan. On a construction loan, you pay interest monthly on the amount you’ve drawn during construction, and then the loan converts to a 15 or 30 year fixed rate loan, with principal and interest payments once construction is complete. You pay the same interest rate during construction and during the long-term loan. Because the interest rate is “locked in” prior to the home being built, the investor takes some risk by guaranteeing you that interest rate once construction is complete, so they tend to price them a little higher. The other potential hazard is that if you don’t complete construction in the allotted time-frame, you would either lose your interest rate lock, and get whatever the going rate is at the time construction is complete, or pay a fee to extend the interest rate lock.

On a purchase loan, the rate lock period is generally 30-45 days, just enough time to close the loan, so investors are more likely to price at current market rates. Once you’ve closed your purchase loan, there is no risk of losing your rate lock.

 

Another difference is the risk and hassle factor

A purchase loan is a pretty easy loan to process and close. All required documentation is gathered up front, generally two years income verification (tax returns and/or W-2s), two months recent paystubs, and two months recent asset statements. If you have non-wage income, you may be asked to supply verification of that information also, such as lease agreements on rental properties, trust agreements, child support, annuity or investment income, etc. Once your credit report is pulled, it is not a common practice to need an updated report before the loan closes. 

On a construction loan, all the same documentation is required up front, plus all the construction-project paperwork. Once construction is complete, some investors are requiring updated credit report and income documentation. I’ve seen instances where credit has deteriorated and income was reduced, causing the loan to no longer fit the program for which it was originally approved, sometimes making the loan ineligible for secondary market purchase. Then the loan would revert to a portfolio loan at a higher interest rate.

 

If you have any questions regarding new construction, new homes or builders in the Ocean Shores/North Beach area, please contact Jeff Daniel/Associate Broker with Coldwell Banker Ocean Beach Properties at 360.581.9020.

Whether you’re looking a home loan, construction loan or refinancing, please contact Carol Warfield at 360.537.4044.

Carol started with Bank of the Pacific in 1997 as a branch manager and has been originating home loans since 2004. Carol has over 20 years of banking experience which includes helping customers buy, refinance, and build their dream homes. With her vast experience and dedication to each customer, Carol ensures your transaction will go smoothly.

Existing-Home Sales Rise in May

Existing-Home Sales Rise in May

Source: BuildingOnline's eUpdate

Thu, 25 Jun 2009

Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors. May's increase was the first back-to-back monthly gain since September 2005.

Existing-home sales x96 including single-family, townhomes, condominiums and co-ops x96 rose 2.4 percent to a seasonally adjusted annual rate1 of 4.77 million units in May from a downwardly revised level of 4.66 million units in April, but remained 3.6 percent below the 4.95 million-unit pace in May 2008.

Lawrence Yun, NAR chief economist, expected an improvement. "Historically low mortgage interest rates clearly drew buyers into the market, and housing remains very affordable even with a recent uptick in rates," he said. "First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. However, the increase in sales is less than expected because poor appraisals are stalling transactions. Pending home sales indicated much stronger activity, but some contracts are falling through from faulty valuations that keep buyers from getting a loan."

Total housing inventory at the end of May fell 3.5 percent to 3.80 million existing homes available for sale, which represents a 9.6-month supply at the current sales pace, down from a 10.1-month supply in April.

Yun said the appraisal problem is serious. "Lenders are using appraisers who may not be familiar with a neighborhood, or who compare traditional homes with distressed and discounted sales," he said. "In the past month, stories of appraisal problems have been snowballing from across the country with many contracts falling through at the last moment. There is danger of a delayed housing market recovery and a further rise in foreclosures if the appraisal problems are not quickly corrected."

An NAR practitioner survey in May showed first-time buyers accounted for 29 percent of transactions, and that the number of buyers looking at homes is nearly 10 percentage points higher than a year ago. "This is the time of year when we see large increases in the number of repeat buyers, who are benefitting from sales to entry-level buyers," Yun said. "Investors appear less active, but are more prevalent in areas with large price corrections."

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said appraisals and the tax credit are key issues. "To maximize the potential for a housing recovery and subsequent economic recovery, we need realistic appraisals that are based on proper comparisons and done by a local specialist," he said. "In addition, the first-time buyer tax credit should be expanded to all buyers of primary homes regardless of income. Extending the credit into 2010 would allow more time for the market to catch up with underlying demand, in part because many families with children, who normally time their purchase based on school year considerations, do not have enough time to move before the start of school in late August.

"Freeing a pent-up demand in housing will absorb inventory at a faster pace, strengthen communities and stabilize home prices earlier," McMillan said.

The national median existing-home price for all housing types was $173,000 in May, down 16.8 percent from a year earlier. Distressed properties, which declined to 33 percent of all sales in May from 45 percent in April, continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

"The decline in the distressed sales share likely results from an increase of repeat buyers in May," Yun said. "First-time buyers are concentrated in the lower price ranges, which include most of the distressed sales."

Single-family home sales rose 1.9 percent to a seasonally adjusted annual rate of 4.25 million in May from a pace of 4.17 million in April, but are 3.0 percent below the 4.38 million-unit level in May 2008. The median existing single-family home price was $172,900 in May, down 16.1 percent from a year ago.

Existing condominium and co-op sales increased 6.1 percent to a seasonally adjusted annual rate of 520,000 units in May from 490,000 in April, but are 8.9 percent below the 571,000-unit level in May 2008. The median existing condo price4 was $173,800 in May, down 21.9 percent from a year earlier.

Regionally, existing-home sales in the Northeast rose 3.9 percent to an annual level of 800,000 in May, but are 10.1 percent below a year ago. The median price in the Northeast was $243,600, which is 12.5 percent below May 2008.

Existing-home sales in the Midwest jumped 9.0 percent in May to a pace of 1.09 million but are 4.4 percent below May 2008. The median price in the Midwest was $145,800, which is 10.4 percent lower than a year ago. In the South, existing-home sales were unchanged at an annual pace of 1.74 million in May but are 8.9 percent below a year ago. The median price in the South was $157,400, down 9.9 percent from May 2008.

Existing-home sales in the West slipped 0.9 percent to an annual rate of 1.14 million in May, but are 11.8 percent higher than May 2008. The median price in the West was $197,700, down 30.6 percent from a year ago. 

Source: http://www.buildingonline.com/news/

Scenes of the Beach

Momma and Baby down by Damon Point

Boardwalk Shops filling up!

New Fire Station Going up!
New store with a cool face!

Cityofoceanshores.com Newsletter ~ 05.2009

It's the Season!

Here we go again. Another Ocean Shores summer coming right up. This means that tens of thousands of families will be calling Ocean Shores home for a week or two while they're on their summer vacation at the beach. Couples will come visit on weekends. The big events will draw thousands to town. Snow birds will return from the south for their 3 to 6 month stay at the North beach while the weather's nice and it's too hot in the South. Late Spring and Summertime are definitely the months of the year where most people visit the North Coast. And it's obvious with all the events coming up and gas prices being reasonable again, that this year should be a record breaker in terms of traffic and body counts at the beach. For those of us who live here fulltime, just remember that we live in a place where other people like to go on vacation and that's pretty cool. Except for when they pull up to one of those four way stops. That's when it's not very cool anymore.


Ocean Shores Real Estate Update
January had a spark with some sales. February was okay. March was a real busy month with quite a few sales that closed in April. April sales started out strong, but then fizzled. May is looking to take It's still pretty strange these days in real estate. Some days, the phone won't stop ringing and the email inbox fills up with buyers looking for properties and then the next day nothing. Per usual, sales seem to be coming in waves this year. The end of off again now that tax season is behind us and the sun is staying out longer. I expect residential sales to stay pretty close to matching 2008's number in regards to the number of transactions going on. Lots and condo sales are still dreadful even as prices have fallen off the charts. There are some unbelievable prices on condos and lots in town right now. We haven't seen these kind of prices since 2003 or 2004 in some cases.

On another note, we're starting to see multiple offers on some properties these days and that's a great sign that there are plenty of buyers out there looking for a deal. This weekend alone I received two offers on a house listing. One was reasonable, the other was not. There's not much of a science to it, but if the price is right and the timing is right, buyers line up. Those people that made the lowball offer missed out and if they don't step up to the plate now, they're going to end up with a real nice beach house in Aberdeen or Hoquiam. If you don't think the bottom has already hit, you're going to end up paying more for waiting longer. Now's the time to buy.
Here are some real estate numbers as of 5/9/09 for Ocean Shores only. All statistics are supplied from the Northwest Multiple Listing Service.

Residential Sales
22 Homes sold in April 2009 for an average selling price of $182,743. Average time on the market was 146 days. The maximum time for one house was 841 days. Unfortunately, it happens sometimes... There's currently 32 homes are pending around town. I know that 22 home sales for April doesn't sound all that great, but consider the following: 7 houses sold in January this year. Only 8 sold in February and 16 sold in March. Home sales in Ocean Shores for the month of April are most definitely up and the trend looks to stay strong for the remainder of this year. If for some reason you think Ocean Shores is a sluggish real estate market, think again. Our neighbors across the Harbor in Westport only had two home sales in the month of April.

In April of 2008, 22 homes also sold so that's even. Selling price was tad bit higher at $184,023 last year and average time on the market was quite a bit longer at 202 days.

There's 219 homes for sale in Ocean Shores for an average price of $247,517 right now and the average time on market is 234 days.

Condo Sales
5 Condos have sold in 2009 so far for an average selling price of $88,380. Average time on the market was 327 days. The maximum time for one condo was 1,153 days. Ugh. There's currently 6 condos that are pending around town so that's actually an encouragement.

Through May 1st of last year, only 4 Condos had sold for an average sale price of $247,000 (hey, Condos sales are up 20% this year through May 1st!). It's not that condo prices have fallen so hard (from $247,000 in 2008 to $88,380 this year), it's just that the cheaper ones are selling while the more expensive ones have been a bit more difficult to move during recent times.

There are currently 72 Condos for sale in Ocean Shores for an average listing price of $251,805 and the average time on the market is 422 days.

Vacant Lot Sales
11 Lots sold in April 2009 for an average selling price of $40,955 (this includes everything from a cheap interior lot at $16,000 to a waterfront lot for $143,000). Average time on the market was 254 days. The maximum time for one lot was 1,214 days. That seems a bit silly, but I'm not surprised... There's currently 11 lots that are pending around town. Lot sales are dreadful this year...

In April of 2008, 25 lots sold for an average price of $46,372 and time on the market was 172 days. The cheapest lot was sold for $18,000 while the most expensive one sold for $185,000.

There's 583 lots on the market for an average price of $86,922 while the cheapest one comes in at $12,000 (needs fill!) and the most expensive one is an ocean front near the North Jetty for a cool $499,900.
If you have any questions regarding Ocean Shores/North Coast Real Estate, call Jeff Daniel of Coldwell Banker Ocean Beach Properties at 360.581.9020 or visit my website at www.cityofoceanshores.com. Thanks!



Upcoming Events

Kite Challenge
Saturday, June 13 , 2009Sponsored by "Team Cutting Edge Kites" - 2005 & 2006 World Champions. Free kite flying lessons, stunt competitions, fun flies, displays and more.

Flag Day Parade & DanceSaturday, June 13 , 2009A chance to show our patriotic spirit. The parade features more than 75 entries and a Grand Marshall. End the day with dancing and raffle drawings. One of the only Flag Day parades in Western Washington.


WA State Square & Folk Dance Festival
Friday, June 19 - Saturday, June 20, 2009"Let the light shine in 2009" 58th Annual Washington State Square & Folk Dance Festival!

Sand and Sawdust Festival
Friday, June 26 - Sunday, June 28, 2009Five Star Dealerships Sand and Sawdust Festival welcomes you to the beach! Master, Intermediate, & Novice Sand-Sculpting teams compete for over $5,000.00 in cash prizes. At the Convention Center master woodcarvers from all over the world compete in this amazing annual competition. There are vendors, food sales & the live auctions are held daily on carvings! Families & children are invited to enter the sand-sculpting competition or learn sand-sculpting skills at the free lesson offered Friday morning.

Independence Day PicnicFriday, July 3 , 2009The business community of Ocean Shores is sponsoring the annual Ocean Shores Independence Day Picnic on Friday, July 3, 2009 at North Bay Park. Picnic Hours are from 10 a.m. to 4 p.m. Admission is free!! Come celebrate the birth of our nation. Bring a blanket and your picnic basket or take advantage of the many food vendors that will be on hand. There will be something fun for all ages at this old-fashioned community friendly event.

Beach News
This is where I've been getting mine lately:



Jeff Daniel Associate Broker
Coldwell Banker Ocean Beach Properties
Phone: 360.581.9020749 Point Brown Ave NW/PMB 1568, Ocean Shores, WA 98569PROPERTY SEARCH: http://www.oceanshoreshomesforsale.com/
OCEAN SHORES WEBSITE: http://www.cityofoceanshores.comOCEAN SHORES BLOG: http://oceanshoresrealestate.blogspot.com
OCEAN SHORES BLOG: http://activerain.com/jeffgdaniel

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Cityofoceanshores.com Newsletter ~ 04.2009

Spring Time means Whale Migration Time!
It's starting to look a lot like spring with daffodils blooming and new leaves taking shape on the trees. Along the coast, spring time means whale time! The season typically begins in late March to coincide with the migration of gray whales, which often stop to feed in Grays Harbor on their annual trip from Baja, CA to feeding grounds in Alaska. The season lasts until the end of May. While many people will venture out to watch the whales on a charter boat, I prefer to save a coin and watch them from the comforts of the high sand dunes at the North Jetty. As it stands, most of the charters venture to the area between Westport and Ocean Shores, known as the "whale hole" in hopes of spotting the mammals. You can watch this area from the Jetty. Bring your binoculars. In addition to gray whales, it's not uncommon at all to watch sea lions and Pacific Harbor porpoises nosing around the Jetty. If you get lucky, you'll see some Orca whales inside the harbor. This is a real treat. It's not often, but sometimes people get lucky and will see a humpback whale or two passing by. This is one of my favorite times to be at the beach...


Ocean Shores Real Estate Update

Real Estate activity is still up and down out here. Surprisingly, traffic counts are way up with lots of people looking at property and some are buying again... and that's good. According to the City, numbers from the count at the City entrances show that the visitor count is up 9% so far this year. That's great news! Nearly 60,000 more people visited Ocean Shores in February 2009 than February 2008 alone. Last year, with high gas prices for most of the time, numbers were down 8.5% for the year. The fact that traffic count numbers are up bodes well for sellers and local businesses. Here are some statistics regarding home sales in Ocean Shores for 1st quarter 2009:

2009: 31 Homes sold during 1st Quarter / Average Sales Price: $179,355.
2008: 37 Homes sold during 1st Quarter / Average Sales Price: $211,534.
2007: 46 Homes sold during 1st Quarter / Average Sales Price: $192,175.

*Average time on market for homes that have sold: 177 Days. Last year at this time, it took 190 days to sell your house.
*Home sellers are getting on average, 95.05% of asking price.
*As of April 7th, there's 36 homes that are pending (waiting to close) right now - meaning, that assuming all of those homes close, 2nd quarter without any new sales for the next few months, will already outperform the dismal results of the 1st quarter. We know that there will be new sales of course, so 2nd quarter is definitely looking up and I'll be shocked if by the end of the 2nd quarter, home sales haven't more than doubled or even tripled 1st quarter's results.

Overall, home inventory is shrinking which is really good news as we would all like to see the market to stabilize. Also shrinking are the number of bank-owned properties. They are definitely selling out here for really low prices. There's very few bank-owned house out here anymore though. Most of the bank-owned properties are fixers and need a lot of work. If you're interested, send me an email. Also doing pretty well is new construction. People still want their getaway at the beach and builders are still building them.


Land and condo sales are horrible. That's the bad news for sellers. For buyers, prices on condos and land are way down and there's plenty of fantastic deals that are up for grabs right now. As summer approaches and the tourism seasons moves into full swing, we're expecting the deals to disappear. Prices at the beach generally speaking don't go down during the summer months. If you're looking for a deal, now's the time.

All numbers & stats are from the NWMLS. If you have any questions regarding these numbers or activity in the real estate market, please call me at 360.581.9020 or send me an email.

Seller Financing? How to get financing for a vacant lot without anyone's stimulus...
These days, with the economy as it is, getting a lot loan from a bank is more of a challenge that it was only a couple of years ago. Back in 2007, a person with a decent income, credit score and 20% down could get a lot loan from any local lender. Today, you can get a loan, but it's going to require you... (click "HERE" to read the rest of this story)

Upcoming Events

Photo & Fine Arts Show - April 9-12
Artists & photographers from all over the United States enter this show to win prizes and display their unique photos and works of art. Held at the Convention Center.
Shorebird Festival - April 24th - 26th
Discover the incredible variety of shorebirds that pass through Grays Harbor in April at this 14th annual event. Multiple locations for viewing around Ocean Shores include Protection Island, Damon Point and the North Jetty! Join scheduled watching tours or set your own birding agenda and enjoy the views!

Three-day Razor Clam Dig starting April 25th!
The state Department of Fish & Wildlife has announced tentative dates for the next (and probably last for the spring) razor clam dig. Three beaches are set to open this month if marine toxin tests find the clams are safe to eat. Dates and low tides for the April dig are:
Saturday, April 25 (7:27 a.m., -1.3 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks
Sunday, April 26 (8:10 a.m., -1.6 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks
Monday, April 27 (8:55 a.m., -1.7 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks
Harvesters are allowed to take no more than 15 razor clams and must keep the first 15 they dig, regardless of size or condition. Each digger's clams must be kept in a separate container.A license is required for anyone age 15 or older. Any 2008 Washington state annual shellfish/seaweed license or combination license is still valid. Another option is a razor-clam only license available in annual or three-day only versions. Descriptions of the various licensing options are available on the department's Web site at https://fishhunt.dfw.wa.gov/.

Country Music Jam - May 2-3
Two days of open jam sessions. This is an old-time jam and people of all playing levels are welcome. The public is invited. Admission is free. Dinner & Dance Saturday night. Ear plugs optional.

News
First Bank Robbery Ever in Ocean Shores
So this 40 year old lady walks into Timberland Bank just outside the gates of Ocean Shores and hands the teller a note saying "you are being robbed." The note also said to "smile." She made off with almost $1800, hopped in her little car and drove about a half mile away, parked and called 911 confessing to the robbery. The scoop is that she wanted a fresh start in life and understood that robbing a federal bank is a good way to go to federal prison which apparently is a much better prison that educates better and feeds you better than local state prisons. I'm not sure about this. Anyway, the robber, while being arrested, wanted to know where the FBI was and stated to the local officers that she wanted to be arrested by the FBI because this was a federal bank robbery. Unfortunately for her, it wasn't. And unfortunately for her, she's not going to federal prison. She's going to a state prison.

Fresh Water Update
Some citizens and visitors in certain parts of town have complained for years about their water containing fowl odors and a strange taste. With the billions and trillions of dollars being thrown at our spiraling economy, Ocean Shores is in the running to receive about $3 million in federal funds to create the city's aquifer treatment plant project - aimed at improving the city's water quality. The city has now decided to move ahead with a new water treatment facility. More later...

New Features at the Interpretive Center
The Ocean Shores Interpretive Center is expanding and has some new cool things to do like exploring a new trail, checking out new exhibits and getting silly on a playground. Students from local high schools designed and constructed the Interpretive Trail as part of their senior culminating project. The trail is about 500 feet long (that's about the right length of a trail I want to walk on) leads visitors through a small coastal forest with a wetland area and a boardwalk. Students who worked on the project identified tree and plant species along the trail, and Interpretive Center officials will be placing signs in front of each type identified. Check it out. The Center is now open daily through the summer.

* http://www.cityofoceanshores.com/ Check it out now. Changes almost everyday!


Jeff Daniel/Associate Broker
Coldwell Banker Ocean Beach Properties
Cell Phone: 360.581.9020749 Point Brown Ave NW/PMB 1568, Ocean Shores, WA 98569888.469.3100 (toll free) - 360.289.3111 (fax)
PROPERTY SEARCH: http://www.oceanshoreshomesforsale.com/
OCEAN SHORES WEBSITE: http://www.cityofoceanshores.com/
OCEAN SHORES BLOG: http://oceanshoresrealestate.blogspot.com/
OCEAN SHORES BLOG: http://activerain.com/jeffgdaniel

Kats Cove Condominiums

Kats Cove Condominiums