New Home Sales Surge in April

New Home Sales Surge in April

Sales of new single-family homes jumped 16.2 percent in April, the largest increase in 14 years, but the median price fell 11.1 percent, marking the largest one-month decline on record, according to the Commerce Department.

Analysts regarded the mixed signals cautiously, saying that troubles in the subprime market could further crimp demand in coming months.

''What you're seeing is the blue-light special,'' says Pat McPherron, an economist with Moody's Economy.com. ''The only way this market is going to move is by price cutting.''

The strength in new-home sales was led by a 27.8 percent increase in the South. Sales were also up in the West by 8.5 percent and in the Northeast by 3.8 percent. In the Midwest, sales fell 4 percent. Meanwhile, April's median new-home price of $229,100 made the record books as the largest-ever month-over-month decline, as well as the biggest year-over-year drop (10.9 percent) since 1970.

Source: The New York Times (05/25/07)

Dreamscape Condos

Luxurious Condominiums:
Located at the Southern tip of Ocean Shores, these units include two or three bedrooms, 2 baths, kitchens featuring maple cabinets, tile floors and granite counters; living rooms with a fireplace and separate dining area with private decks. Perfect for a company retreat or multi-family uses. Watch ships, whales, and fishing boats from the comforts of your own private getaway. Seconds from pristine beaches and beach combing. Prices range from $259,000 to $399,000. Don't wait until they're all sold out! These condos are being offered at these low prices from the builder direct! Isn't it time to "Live Your Dream?"

Spectacular Views:
The lights of Westport
Abundant Wildlife
Whale Watching from your deck
Storm watching from your Greatroom or from your large covered private deck
Ship traffic in the harbor
A variety of birds for the bird watchers

Extras:
Large covered private decks
Elevator Stack washer/dryer
Garages with automatic doors available first come basis ($25,000.00)
Large Storage Units for Condos on ground level w/access from elevator
Wired throughout for Cable TV and High Speed Internet
Central Hot Water System Glass railings on decks
And of course: VIEWS TO DIE FOR

Each Unit Offers:
Tile floors in entry, kitchen & baths
Carpeting in other areas
2 Bedrooms / 2 Baths
Master Bedroom
Master Bath with Jacuzzi jetted tub with granite tub surround
Both baths have granite countertops with undermounted sinks
A Greatroom with electric fireplace and unbelievable views
Dining area with water views
Deluxe Kitchen with stainless steel appliances & granite counters/island
Central constant hot water Stack washer/dryer

Kitchens Include:
Granite counter tops
Granite Island with eating bar
Stainless steel appliances
Garbage disposal
Side by side
Refrigerator with water & ice on door
Microwave Dishwasher Range/stove combo
Generous counterspace and storage cabinets.

For more information including pricing, floor plans, furniture options, etc., call Jeff Daniel at 360.581.9020 or send an email by clicking HERE. Don't wait too long, the owners are talking about raising prices this summer!

Land is the Basis of all Wealth

Purchasing land can be one of the most sound investment real estate strategies available today and is a viable opportunity for both large and small real estate buyers.

Some of possible benefits that can be obtained with Tenants-in-Common (TIC) ownership in undeveloped land include:
* A chance to own land for smaller investment amounts - as low as $22,000
* Strong appreciation potential
* Opportunity for better overall yield
* Ground floor opportunity
* Portfolio diversification
* Simple management
* Pride of ownership in a tangible asset

The Ocean Shores and North Beach areas are blossoming into one of the finest areas in all of the Northwest. Property values have quadrupled in the past 4 years out here on the beach and prices are still going up. Don't wait until properties are unattainable. Buy now!

Jeff Daniel/Coldwell Banker Ocean Beach Properties
360.581.9020 (cell)
1.888.469.3100 (toll free)