Sunday, December 21, 2008

December 2008 at the beach in Ocean Shores

I took this picture with the camera above my steering wheel driving down Point Brown Avenue headed South from downtown.

This is the view from my backyard looking at my neighbors across the Frozen Grand Canal. Don't mind the geese poop on my dock....

The gates of Ocean Shores - slushy style I didn't see any body boarders or sunbathers out....

The snow plowers were out making a mountain in front of the IGA.

I have more pictures on on the News Page. The snow fell lightly all day on Saturday (12/20) but accumulated pretty good. Some areas had over a foot while most of the roads saw 4 to 6 inches. We lost power (not all of the town, just part of it) Saturday night around midnight. It's Sunday now and I've driven all around town and the roads are pretty slushy. I didn't see any property damage anywhere. I can't believe the canal froze over. All flights were delayed at the Ocean Shores Airport, but the buses seem to be running fine around town.


Saturday, December 13, 2008

December 12th, 2008 Storm Pics

We had a decent storm yesterday. Lots of wind & rain. No snow. No property damage that I've heard of. We lost power twice yesterday - both for about a two hours. No biggy. Here's some pictures I took of the ocean today (the day after)...

Thursday, December 11, 2008 Newsletter ~ 11.2008

Wintertime Storm Watching
Vertical rain, 70 mph wind and 30-foot swells don't sound much like visitor attractions, but Washington coast storm watching is the thing to do out here on the beach during the winter months. Dozens of ferocious storms typically batter the coast between November and March. January and February traditionally deliver the most wicked weather. The wintertime storms in Ocean Shores are awesome to watch and experience. Watching Mother Nature do her thing is truly a spectacular site. If you can, make your way down to the North Jetty next time we get a good winter storm. The power and impact of the large waves crashing against the jetty wall and spaying inland is truly something exciting to see. This is really one of my favorite times of the year out here on the beach.

Remembering the '07 Storm
One year ago this month, Grays Harbor County and Ocean Shores were battered with a monster storm that over the course of two days, spread devastation that was unmatched since the Columbus Day Storm of 1962.
The storm started with a bang Sunday night during the first week of December last year when fierce winds kicked up. The winds blew from 40 mph to over 60 mph. Individual gusts hit 100 mph, according to the National Weather Service. The winds actually got stronger from Sunday to Monday before finally tapering off. Ocean Shores was without power for nearly five days. Thankfully, no one was hurt, but a few houses at the south end of town got a little wet.

During last December's storm, I received numerous emails from people who were concerned about the status of their houses here in Ocean Shores. My internet was up and I was able to update my websites and various blogs with storm updates and pictures. I was also able to check out their properties and let them know that their houses were fine. So you know, please feel free to contact me to check on your properties as well next time we have another big storm. It was no problem at all.

But, if you live here, there's a couple things to be aware of in case we lose the power for more than just a few hours:
1. If you're going to have a residence in Ocean Shores, you need a gas powered generator.
2. If you have a generator, make sure you have at least 10 gallons of gas at home. The gas stations here can't pump gas without power so you'll need to count on yourself.3. Qwest is my telephone and internet provider. Qwest didn't lose service at all during last years storm. If you have telephone or internet through the cable company, you'll have nothing because the local cable company goes down as the power goes down.
4. If you don't have satellite for your television, you won't be able to watch the news or whatever. If you have cable, you'll have nothing because the local cable company goes down as the power goes down. I have service with the Dish Network and we were able to watch television like all was well.

Real Estate Forecast
I'm usually not one for predictions, but I'm still confident in what I was telling people last winter and that is that it's going to take 18 months before this market turns positive again. A new president, the ending of a war, new optimism and more. This renewed sense of optimism will lead to hope which will lead to consumer spending. That must be a Yoda line or something. Once this happens, it's good times again. No one could've predicted the mess the country is in right now and of course the trickle down effect has taken it's toll on this market as well. That being said, the Ocean Shores real estate market will bounce back vigorously in June and not long after, home builders in Ocean Shores will be back to raising their prices and values will be on the rise once again. Now is the time to buy.~
Overall, prices seem to be hitting the bottom now with the exception of a few foreclosures here and there polluting our inventory of homes at the beach. If we haven't bottomed out yet, the moment is certainly getting closer.
Rates on 30-year fixed-rate mortgages are at 5 percent now, and last week there were suggestions that the federal government might try to drive them down to 4.5 percent, a truly incredible figure to be able to lock in for three decades. Low inventory, low prices and cheap money are all in play assuming you've got great credit, steady income and a down payment... just like the old days when those who could afford to buy a house did and those who couldn't, didn't... Anyway, when this crisis has ended and housing prices are up again, will you look in the mirror and realize that you missed out on this golden opportunity to get in cheap? Or, will you NOT be kicking yourself because you took advantage of what is likely to turn out to be the buying opportunity of a lifetime...

Upcoming Events
Clam Digging!
Time to go, another clam dig is on, set for this coming weekend.Four evening digs are scheduled at Copalis and Mocrocks Dec. 11-14. Digging will be restricted to the hours between noon and midnight.

Dates, times and open beaches are:
Thursday, Dec. 11 (5:23 p.m. -1.1 ft.) Copalis, Mocrocks.
Friday, Dec. 12 (6:13 p.m. -1.5 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks.
Saturday, Dec. 13 (7:02 p.m. -1.6 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks.
Sunday, Dec. 14 (7:50 p.m. -1.4 ft.) Long Beach, Twin Harbors, Copalis, Mocrocks.

Further digs are tentatively scheduled for Jan. 8-11 and Feb. 6-8.A license is required for anyone age 15 or older. Any 2008 annual shellfish/seaweed license or combination fishing license is 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 Wildlife Department website at Clam diggers are not required to display their licenses on outer clothing.
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.

North Beach Singers Christmas Cantata
December 12-13. The North Beach Singers present Yuletide favorites to bring in the holiday season. Admission is free.

Ocean Shores Antique & Collectible Show
Over 80 Booths of Antiques & Vintage CollectiblesFeb 14-15, 2009The 7th Annual Show at the Ocean Shores Convention Center. Over eighty booths offering a wide variety of antiques including dolls, glass, furniture, American Art pottery, and much, much more. Last year's event raised $4,235.90 for the Ocean Shores Food Bank and the SeaPal Quilters for their quilt guild charities. For a small donation to local charities and nonprofits, you can have your treasures evaluated. Hourly Door Prizes.

The Aberdeen Daily World recently published an interesting story about the mayor of Ocean Shores titled "Ocean Shores mayor tops list of officials' pay." The article reports that "Ocean Shores Mayor Dean Bunkers is the highest paid elected official on the Twin Harbors, a Daily World analysis of government salaries shows. With an annual salary of $99,600, Bunkers makes more than twice what a state senator receives, nearly nine times what Aberdeen Mayor Bill Simpson makes and 80 times what Oakville Mayor Mitchell Smith takes in. In fact, The Daily World found he's the eleventh highest paid mayor in the state." Mayor Bunkers gets paid more for being mayor of Ocean Shores more than the mayors of Mount Vernon, Lynnwood, Tacoma, Marysville, Issaquah, Tukwila, Anacortes, Wenatchee and Bainbridge Island. Who said there was no high paying jobs in Grays Harbor County?

Happy Holidays!

Jeff Daniel
Associate Broker
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW/PMB 1568, Ocean Shores, WA 98569
1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

Tuesday, November 04, 2008 newsletter 10.2008

Fall Time
The weather during the month of October has been so nice and warm out here on the beach lately. Guess that makes up for our not-so-nice summer this past year. These are the months that I really enjoy because the tourists are pretty much gone, the weather is actually nicer and I have the beach all to myself! Not really, but at least it doesn't look like a parking lot out there anymore.
Ocean Shores Real Estate Update
Sales are down. You knew that right? If you do, then you also know that this is the type of Real Estate market that a year from now everybody is going to say, "I wish I had bought back then." All the factors are lining up. Now is the time to buy. Just consider the following:
* Interest rates are dropping below 6% on residential mortgage loans.
* Lenders are all telling me that there is money available with five percent down or less.
* Buyers need to have steady employment and a reasonable credit rating.
* Home inventories are being absorbed - meaning that there are less homes to choose from these days.

As inventories shrink, and borrowing becomes affordable, sales will increase and values will again increase. Are the buyers who buy over the next year likely to be buying at the bottom of the market and benefit from excellent appreciation? Every indication that I see says yes. Now is the time to buy.

Dreamscape Condos Open House!
I though this was worth sharing. At an open house at the Dreamscape Condos last Saturday, a nice couple from the Seattle area were checking out the condos and enjoying the view of the Pacific and Westport when three whales all breached the water just in front of the condos and put on a little show for everyone. How cool is that?
Email or call me at 360.581.9020 for more info regarding Dreamscape Condos today!

Upcoming Events

Clam Digging!
2008 Clam dig schedule (Tentative) To confirm, please visit:
November - 13th (6:27 pm -1.6), 14th (7:15 pm -1.8), 15th (8:04 pm -1.6), 16th (8:54 pm -1.2).
December -11th (5:23 pm -1.1), 12th (6:13 pm -1.5), 13th (7:02 pm -1.6), 14th (7:50 pm -1.4)

Dixieland Jazz Festival
Friday, November 7 - Sunday, November 9, 2008Jazz bands from around the United States and Canada join together to offer over 100 hours of live jazz at several venues throughout Ocean Shores.
Winter Fanta-Sea Arts & Crafts Show
Friday, November 28 - Sunday, November 30, 2008Over 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.
North Beach Singers Christmas Cantata

December 12-13। The North Beach Singers present Yuletide favorites to bring in the holiday season. Admission is free.

10 Things About Ocean Shores You Probably Don't Know (Unless You Live Here)
1. Deer are everywhere. They cross the streets without looking. They stand around and hangout everywhere - the beach, your front yard, the side of the road.... everywhere. Seeing two or three deer grazing on the side of the road is no big deal. Seeing a big three point buck grazing on a vacant lot is normal. They have the right-of-way. Oh, the deer aren't really afraid of people or cars either. I've had them eat an apple and some Doritos out of my hand before. No, you can't take one home.
2. When it rains here, the rain comes down at an angle most of the time - sometimes sideways.
3. There are 23 miles of interconnecting freshwater lakes and canals in Ocean Shores. Fishing, boating, waterskiing, playing and just flat out relaxing is all encouraged. Where else can you have a lot or a house on freshwater with a dock and then be only a minute from the beach?

4. The bumpy roads are disappearing... Every inch of every road in Ocean Shores has either already been replaced with brand new asphalt or it will be soon. By the spring of 2010, the city will have completely repaved Ocean Shores.
5. The beach here is actually classified as a State Highway where the speed limit of 25 mph is strictly enforced. No dirt bikes or quads, but your car is just fine. Stay out of the soft sand unless you want to get stuck. Donuts in the sand are a no-no!
6. When it's really, really nice in the Puget Sound area (like in the upper '80s and up), it's very likely that for a good part of the day, Ocean Shores will be fogged out (the hot air mixing with the cold ocean water). And on the other hand, when it's crappy in the Puget Sound, there's a good chance it's nice here. Typically, our nicest (warmest) weather is in the months of May, June, September and October.
7. Nearly every home and camping lot has a campfire pit on it. Campfires are welcome year 'round. Most people keep them in the backyard.
8. Its crazy with wildlife here. Forget the deer - they're pretty much domesticated. It's the raccoons, possums, bear, rabbits, beavers, otters, eagles, hawks, falcons, owls, blue heron, seagulls, ducks, geese, pelicans, seals, sea lions, whales, porpoises and the occasional shark that are all eye candy.
9. It rarely ever floods here. When it rains heavy (mainly during the winter months), most of the water runoff ends up in the canals and lakes. That water level is controlled by a man-made overflow at the sound end of the Grand Canal. When the canal water level exceeds the height of the overflow, freshwater then spills into Grays Harbor. This can also be reversed when we have an extreme high tide and ocean water can enter the canal and lake system.
10. This is a great place to raise a family. There's the new elementary school, its safe here, there are tons of free outdoor activities and plenty of organizations for children to get involved with. More than anything, even though Ocean Shores is Washington's most visited seaside destination, this small town is perfect for raising a kid.
News at the beach is slow. With the exception of the ongoing Weatherwax property debate, the city's budget woes and some knucklehead who tried to set himself on fire, we're all busy watching the elections. Maybe next month.

Jeff दानिएल
Associate Broker
Coldwell Banker Ocean Beach

1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

Friday, October 17, 2008

Coldwell Banker cracks the top 10 of Real Estate Websites

Coldwell Banker cracks the top 10 of Real Estate Websites

Coldwell Banker Ocean Beach Propierties is the only brokerage in the Ocean Shores area to have it's corporate website ranked in the Top 10 Real Estate Websites nationally.

The article in full is in the link below.
Hitwise Sept. 2008 Real Estate Web Site Rankings

Sept. '08 rank Web site

Coldwell Banker climbs real estate Web rankings by Inman_News
Coldwell Banker Real Estate's Web site soared to eighth place in a monthly ranking of real estate sites by online metrics company Hitwise -- the site had sat at 18th on the list for several months.

Friday, October 10, 2008 Newsletter ~ 09.2008

Clamming Time! Summer is over and that means that the clam season is only days away. In case you didn't know, razor clams are found by the hole left on the sand surface as the clam's neck is withdrawn. When this dimple is found, a scoop or two of sand is dug away beside the dimple and the clam is found by reaching into the sand in the side of the hole. Be careful not to dig too close to the dimple or the clam will be damaged. Most clams are dug with special narrow-bladed clam shovels. Clams can also be dug with a "clam gun" or "tube". This is simply a 4 inch diameter pipe or tube with a handle and a small air vent at the closed upper end. Digging is done by pushing the tube down over the clam dimple with a rocking motion. The air vent is then blocked with a finger or thumb and the core of sand, with the clam enclosed, is pulled up and dropped on the beach. Then you put in your bucket, take it home, clean it, fry it and eat it. Yummy good.

Ocean Shores Real Estate Update It's slow out here at the beach much like the rest of the country. However, since our real estate market is so dependent on the success of the Puget Sound real estate market, we have some reasons to be optimistic. Home sales around Western Washington during September rose 4.1 percent from a year ago, reversing a 19-month pattern of declines. Industry folks say the recent economic turmoil is taking a toll on activity, but also suggest negative news reports are keeping buyers on the fence and creating misunderstandings about the availability of home loans. With the passage of the bailout bill, we will see an improvement in the loan arena easing up restrictions for buyers who have been locked out of the market or who are waiting to jump in before the bottom hits (if it hasn't already). No one knows for sure, but at this point, with interest rates at historic lows, there's no guarantee that they'll fall much further. We're starting to see more sales now from investors and buyers who have taken a lot of their worth out of the market and are now putting it into real estate. Good idea.

Commercial Real Estate & Downtown Developments
With the construction of the Boardwalk Shops of Ocean Shores project underway along with the new Fire Department being built on Point Brown, downtown is definitely projecting excitement with these new developments. Another new restaurant is gearing up to open on Ocean Shores Blvd sometime in December and a new sign went up next to the Barber Shop on Point Brown Ave announcing a new building which will feature a new donut shop. Good news for downtown.

New Construction Going Strong
Nearly one-third of all homes sold in Ocean Shores this year so far are new construction. This doesn't account for the "custom" market, the private homebuilder or homes that people hired builders to build for them. 51 out of the 169 homes sold this year so far were built in either 2007 or 2008. This part of the local real estate market seems to still be strong. If you're interested in new construction, I can help. Email me!

!!! Dreamscape Condos @ New Pricing!
Rediscover Luxury! Located at the Southern tip of Ocean Shores, these units include 2 or 3 bedrooms, 2 baths, kitchens featuring maple cabinets, tile floors & granite counters; living rooms w/fireplace & separate dining area w/private decks. Watch ships, whales & fishing boats from the comfort of your own private getaway. Seconds from pristine beaches. Several condos available with prices that range from $259,000 to $399,000. Don't wait until they're all sold! Isn't it time to Live Your Dream? Email me or call me at 360.581.9020 for more info today. These will not last at these new prices!

Upcoming Events
Clam Dig!

2008 Clam dig schedule (Tentative) October - 16th (8:30pm -1.5), 17th(9:17pm -1.5), 18th (10:08pm -1.2). November - 13th (6:27pm -1.6), 14th (7:15pm -1.8), 15th (8:04pm -1.6), 16th (8:54pm -1.2). December -11th (5:23pm -1.1), 12th (6:13pm -1.5), 13th (7:02pm -1.6), 14th (7:50pm -1.4) Cat Fanciers' Association Cat Show
Saturday, October 25 - Sunday, October 26, 2008
A cat show is composed of a number of separate, concurrently running, individual shows held in the various judging rings throughout a show hall. 120 W. Chance A La Mer Ave. Ocean Shores, WA 98569.

Jazz at the Beach -Jazz Festival

Friday, November 7 - Sunday, November 9, 2008
Jazz bands from around the United States and Canada join together to offer over 100 hours of live jazz at several venues throughout Ocean Shores.

Winter Fanta-Sea

Friday, November 28 - Sunday, November 30, 2008
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.


Diggers should be happy as count for clams climbs
Two beaches easily accessed by South Sound razor clam diggers should have more clams, while two others will have fewer clams and Kalaloch will remain closed. The Copalis and Mocrocks beaches, running from Ocean Shores north to the Moclips River, have clam populations that are the strongest since 2004-05. The populations at Long Beach and Twin Harbors are down from last year, as much as 43 percent at Twin Harbors. Kalaloch will stay closed early in the season to give a rebounding population of small clams time to grow. Harvesters are allowed to take only 15 clams, and must keep the first 15 they dig regardless of size or condition. Each digger must keep his or her clams in their own container. A license is required for anyone age 15 or older. There are various license options, like a combination fishing license, shellfish/seaweed license or razor clam-only license. Descriptions of licenses and instructions on purchase are available at
Weatherwax Debate Heats Up
Should the Weatherwax property - an undeveloped 120 acre forest tract near the center of town - be included under the Critical Areas Ordinance? That was the question council members and citizens debated at a recent City Council Meeting.

The City Council unanimously approved a request to set a public hearing at the Oct. 13th City Council meeting concerning adopting revisions in the critical areas ordinance as set forth by the Washington State Growth management act. Since the Weatherwax property has multiple characteristics typical of a critical area, it could still be developed, but it would require stricter regulations should it be designated as a critical area, said Ken Lanfear, director of public works.

City officials say the Weatherwax property can fit into multiple areas, and problems lie with how to classify it. Citizens' comments were restricted to whether or not to hold the public hearing, and any comments concerning the ordinance would have to be made during the public hearing.

Jeff Daniel
Associate Broker Coldwell Banker Ocean Beach Properties

1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

Wednesday, August 27, 2008 Newsletter ~ 08.2008

Summertime at the Beach!
Ocean Shores hosts some of the best birding locations on the West Coast with more species per location than possibly anywhere else in Washington. Currently, large flocks of brown pelicans are putting on spectacular displays, diving into the bay and surf along the coast. Hundreds and hundreds of pelicans migrate through our area between June and November and it's not unusual to see flocks of 30 to 40 at a time. If you're not really into watching birds, I'm with you. But these guys, they're cool to watch.Ocean Shores Real Estate Update
Here are some stats I recently pulled from the NWMLS website. All year-to-date (YTD) stats are based from January 1st through August 26th. These numbers do not include pending or contingent status properties. These are sold/closed properties only.

2008 - 135 sold at an average sales price of $204,357 or $148 per square foot.
2007 - 155 sold at an average sales price of $210,322 or $154 per square foot.
2006 - 174 sold at an average sales price of $204,119 or $152 per square foot.
My summary: average prices seem to be holding okay while the number of transactions is down. No surprises. It's also taking longer to sell: In 2006, it took on average of 125 days to sell your house. In 2007, you needed 173 days and in 2008, it's taking 190 days to sell a house. Another item worthy of mentioning is that out of the 135 homes sold so far this year, 59 of them were built between 2005 and 2008. That's means that almost half of all home sales this year in Ocean Shores were brand new or homes built in the last four years.

2008 - 143 sold at an average price of $50,966.
2007 - 214 sold at an average price of $56,380.
2006 - 271 sold at an average price of $53,880.
My summary: again, average prices seem to be holding. Land sales are way down and are almost being passed up by home sales for the first time in a long time.

2008 - 14 sold at an average sales price of $262,714 or $249 per square foot.
2007 - 30 sold at an average sales price of $170,163 or $194 per square foot.
2006 - 60 sold at an average sales price of $165,729 or $200 per square foot.
My summary: Wow, condo sales are still not good. The average time on the market for 2008 is 413 days to sell. It was 186 days in 2007 and only 93 days back in 2006. Prices are up in 2008 due to a few sales in the high end, ocean front condo market. Other than that, the condo market in Ocean Shores is in trouble.

The Boardwalk Shops of Ocean Shores
The Boardwalk Shops of Ocean Shores is a new retail condominium complex that is now pre-selling phase 1 and they've already got commitments for 5 of the 7 units available. Now that's some good news in local real estate and it's not even my listing! This project is an exciting opportunity for Business Owners & Investors to own an affordable high visibility retail unit centrally located in downtown Ocean Shores on Point Brown. This Complex features 7 individual units connected by an extensive boardwalk. All units have metal roofs, bead-board walls & wood floors to create an authentic beach town feel. Want one? Email me. Groundbreaking is happening any day now.

Upcoming Events

Associated Arts of Ocean Shores Arts and Crafts Festival
Friday, September 5 - Sunday, September 7, 2008An end of summer annual event. Visit one of Western Washington's largest indoor & outdoor handmade arts and crafts fair. 1,000's of unique items are showcased by gifted artists and talented craftspeople. Admission is free

Paddle the Shores
Friday, September 26 - Sunday, September 28, 2008North Bay Park, lakes & canals. Attention kayak, canoe, and rowing enthusiasts. All Skill levels are welcome! Human-powered boat activities on the lakes and canals of Ocean Shores. Race, Poker Paddle, picnic, seminars and the latest in paddling gear at end-of-season prices.

Whale of a Quilt Show
Friday, October 3 - Sunday, October 5, 2008The Sea-Pal Quilters of Ocean Shores, "Whale of a Quilt Show" offers boutique vendors, handmade quilts, demonstrations, and quilted items. The show is judged and prizes are awarded. Free admission, donations welcome.

Cat Fanciers' Association Cat Show
Saturday, October 25 - Sunday, October 26, 2008
A cat show is composed of a number of separate, concurrently running, individual shows held in the various judging rings throughout a show hall. 120 W. Chance A La Mer Ave. Ocean Shores, WA 98569


New Fire Station Going Up
The Ocean Shores City Council recently approved a storm water system which means the city can develop a construction schedule for a new 20,000 square foot fire station, located south of the current station on Point Brown Avenue. According to fire chief, Jim Hodges, he hopes to start putting in foundation for the fire hall by mid-September and have the project completed sometime in February, if weather permits. The old fire station is garbage because the foundation sits on rotting logs beneath a pit of sand which is causing the ground to sink. The garage floor is mounded, with the center several inches higher than the floor near the wall. The rear wall of the garage has separated away from the building, creating the potential for collapse.A Roundabout at the Angry Intersection?The City Council also recently approved a design recommendation from the Public Works department on a roundabout that will be constructed next year at the intersection of Chance a la Mer Boulevard and Point Brown Avenue. The design will include a 34-foot wide median, a five-foot wide bicycle lane, and 10-foot wide sidewalks. (note the little green donut thing at the top right part of the picture - that's it.)
New Water Coming Soon?
Grays Harbor County Commissioners recently approved taking a $3 million loan to construct a new water system at Hogans Corner, between Hoquiam and Ocean Shores (just outside of Ocean Shores). The project is specifically geared to providing drinking water to existing development in the area as well as spurring on more building, specifically a proposed 542-acre resort and golf course that until recently had been stalled by a state-mandatory building moratorium. "The first line will bring in water to the state park, which will benefit the casino and all of those in Illahee and Oyehut and we're working with the City of Ocean Shores on an agreement for them to purchase water," Commissioner Al Carter said.
Permit Issued to Study Wind & Wave Power of the Coast
The Federal Energy Regulatory Commission has issued a preliminary permit to grant the Grays Harbor Ocean Energy Co. the exclusive right to conduct a feasibility study for generating power from wind and wave energy on a 28-mile stretch of the Pacific Coast from Ocean Shores to Grayland over the next three years. The permit, issued Friday, does not authorize any construction.
The project foresees as many as 90 260-foot tall steel wind turbines, as well as wave energy converters to convert ocean waves and wind into a renewable source of energy. The project could supply enough energy to power the entire Olympic Peninsula and make Grays Harbor one of the largest producers of renewable energy in the world, according to Burton Hamner, president of Hydrovolts, Inc.-the creator of the Grays Harbor Energy Co. Hamner also said the project has the potential to create numerous jobs within the county because the renewable energy equipment would be manufactured locally.
The feasibility study will seek to find out if the turbines would affect gray whale migration patterns and flight patterns of birds, according to Hamner. Hamner said the study will also examine whether or not the locations of the turbines could limit the areas in which fisherman can fish. Even after the feasibility study is completed, it would take about four years to begin construction, Hamner said. - source - The Daily World

Jeff Daniel
Associate Broker
Coldwell Banker Ocean Beach Properties1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

Thursday, August 07, 2008

Zillow measures homeowners' perception gap

Zillow measures homeowners' perception gap

Just like with most of life's unpleasant realities, the majority of Americans think the nation's housing crisis is something that happens to the other guy.
That's according to a survey of more than 1,300 homeowners conducted by Zillow. Two-thirds of homeowners believe their house has increased in value or remained the same in the last year. Yet, these same folks acknowledge the existence of foreclosures in their neighborhoods and believe that more are on the way.
The results even gave the Zillow people pause.
"We attribute this gap to a combination of inattention and a fair bit of denial that causes people to believe their home is insulated from the woes of the market that affect others, but not them," says Stan Humphries, Zillow's chief of data and analytics.
Zillow, of course, is the website founded by the brains behind Expedia that came on strong more than two years ago with its clever algorithms that assign a "value" to nearly every house in America. Initially, the site was a bit disappointing because, at least in many parts of Southern California, its estimates seemed wildly off the mark.
Since then, reality has caught up with Zillow, if not its homeowner-users. The company's data now appear to be in line with most other research that shows the vast majority of U.S. houses lost value in the last 12 months.
One of the more interesting findings of Zillow's latest survey shows that homeowners in the West seem to have a slightly better grip on the housing reality. More than half -- 56% -- of Western homeowners believe their home value had indeed declined in the last year, versus 38% of homeowners overall. (See the graphic above right.)
Maybe that's because homeowners here are facing a harsher reality. After years of tremendous price appreciation, the stinging face-slap of rapidly depreciating values has brought homeowners to their senses.
-- Annette Haddad
Graphic: courtesy of Zillow
Questions? Comments? Email

California's Discount Foreclosure Sales Point to Housing Bottom

California's Discount Foreclosure Sales Point to Housing Bottom
By Dan Levy and Daniel Taub

July 31 (Bloomberg) -- California led the U.S. into the worst housing recession since the 1930s. Now the most populous state may be the first to find the bottom.
In Stockton, the U.S. metro area with the highest
foreclosure rate, home sales more than doubled in the second quarter after prices fell by an average 37 percent, said PMZ Real Estate Corp., the area's largest broker. Across the state, sales rose for three consecutive months starting in April after 30 straight months of declines, the California Association of Realtors said. About 40 percent of those transactions were foreclosure sales, DataQuick Information Systems reported.
``California is having a wrenching decline in wealth, but this is a cathartic event that will lay the foundation for a recovery,'' said
Mark Zandi, chief economist at Moody's in West Chester, Pennsylvania, in an interview. ``This signals the beginning of the end.''
Almost $1.3 trillion of homeowner equity was lost in California since home prices peaked in December 2005, Zandi said. Discounts of as much as 50 percent will extend into 2010, helping clear a glut of
foreclosures and leading to a more balanced housing market, said Ryan Ratcliff, an economist at the Anderson Forecast at the University of California in Los Angeles, and Christopher Thornberg, principal of Beacon Economics LLC in Los Angeles.
``Half off in a decent neighborhood is close to the bottom,'' said
Bill Gross, co-chief investment officer of Newport Beach, California-based Pacific Investment Management Co., manager of the world's biggest bond fund. Property markdowns of 30 percent to 40 percent give the market ``price illumination if not sunshine,'' he said.
`Beginning to Happen'
California led the U.S. in default notices and bank seizures for the 18th straight month in June and had seven of the 10 metro areas with the highest foreclosure rates, according to Irvine, California-based
RealtyTrac Inc., which sells default data. That drove down prices and led to ``discounted distressed sales,'' with two-thirds of transactions under $500,000, compared with 40 percent a year earlier, the California Association of Realtors said.
The amount of time it would take to deplete the supply of homes decreased to 7.7 months from 10.2 months a year earlier, and the median price fell 38 percent to $368,250 last month, according to the Realtors.
``Things are beginning to happen,'' said
Karl Case, professor of economics at Wellesley College in Wellesley, Massachusetts, and co-creator of the S&P/Case-Shiller home-price index. ``We're not going to get reestablished in a stable market unless that inventory gets cleared out.''
Birth of Subprime
California led the boom in the U.S. housing market, as
prices in the state more than doubled from 2000 to 2005, fueled by historically low interest rates, according to the Chicago-based National Association of Realtors.
As values soared, California gave birth to the subprime mortgage industry that specialized in lending to borrowers with poor or limited credit, who often used them to buy homes they couldn't afford, said
Stephen Levy, director of the Center for the Continuing Study of the California Economy in Palo Alto.
Subprime products included ``zero-percent'' loans that needed no down payment, adjustable-rate mortgages, known as ``exploding ARMs'' because low interest rates rose after two or three years, and ``Alt-A'' or ``no-doc'' loans requiring no proof of income.
Almost half of the 25 biggest U.S. subprime lenders were based in the state, including New Century Financial Corp. in Irvine and ACC Capital Holdings in Orange, and a quarter of the country's subprime loans were issued there, more than in any other state, according to
Inside Mortgage Finance and data from San Francisco-based research firm LoanPerformance.
County Breakdowns
Defaults on those loans began to accelerate in 2006, helping to push California into the lead in foreclosures.
Foreclosure sales accounted for 75 percent of June's total in Merced County, home to the Merced metro area with the country's second-highest foreclosure rate; 72 percent in Stanislaus County, home to the Modesto metro area with the third-highest foreclosure rate; and 66 percent in San Joaquin County, home to Stockton, data from
DataQuick in La Jolla, California, and RealtyTrac show.
Sales of foreclosed properties equaled 63 percent of the total in Sacramento County, 62 percent in Riverside County, 58 percent in Solano County, 57 percent in San Bernardino County and 49 percent in Contra Costa County. Prices dropped as much 37 percent in those counties, DataQuick reported.
`Seen the Light'
About 1 million U.S. homes will be in some stage of foreclosure by the end of the year, and properties seized by banks will eventually sell at an average discount of 30 percent to 33 percent, said
Rick Sharga, executive vice president for marketing at RealtyTrac.
Discounts will be higher in areas such as Stockton, about 80 miles east of San Francisco in California's agricultural Central Valley, and Riverside, 50 miles east of Los Angeles, that experienced above-average levels of new construction at the peak of the housing boom and where lenders made a disproportionate number of subprime loans, Sharga said.
PMZ, the Stockton-based brokerage, closed 1,707 home transactions in the second quarter, about 80 percent of them foreclosure sales, said Michael Zagaris, the company's president. Foreclosed homes are now getting multiple bids and the supply of homes for sale in San Joaquin and Stanislaus counties shrank to 4.9 months in June from 18.2 months a year earlier, he said.
``We've found the bottom,'' Zagaris said. ``The financial institutions have seen the light and are allowing the market to find its own level.''
Loan Values
Bank-owned properties attract investors who can rent out the homes for 10 percent of the purchase price annually, said
Sean O'Toole, founder of real estate auction Web site ForeclosureRadar in Discovery Bay, California. ``Those deals are starting to pop up and putting a floor on the market,'' he said.
Bruce Norris, president of the Norris Group investment firm in Riverside, said he purchased foreclosed properties for one- third of the outstanding loan value during the past two months.
Norris bought a three-bedroom home in the Moreno Valley section of Riverside for $106,000, a 65 percent discount on the $300,000 loan held by
Bear Stearns Cos., now part of JPMorgan Chase & Co. He got a 61 percent discount on a home with $258,750 in loans held by Deutsche Bank AG, and a 63 percent discount for a home with $324,000 in loans held by Morgan Stanley, he said.
``The banks are stuck wholesaling to people like me,'' Norris said. ``They are starting to move product faster than the market would normally allow.''
Housing Bill
Banks will
foreclose on about 700,000 properties with subprime mortgages this year, more than double the number a year ago, Sharga estimated. The increase is prompting overwhelmed banks to hire more workers to process purchase offers.
Executives from Charlotte, North Carolina-based
Bank of America Corp. and Wells Fargo & Co. in San Francisco told Congress last week that they've accelerated the pace of loan modifications and added personnel to help homeowners avoid foreclosure. Wells Fargo, which services one in eight U.S. mortgages, expanded its staff to more than 1,000 from 200 in 2005.
The housing bill signed by President
George W. Bush yesterday is intended to stem foreclosures and includes a program backed by the Federal Housing Administration to insure as much as $300 billion in refinanced mortgages, including many subprime loans.
Housing in Stockton and Riverside sprang up during the boom as builders purchased cheap land and potential buyers sought affordable homes away from expensive coastal cities, said Levy at the Center for the Continuing Study of the California Economy.
Stockton Couple
Inland home values mirrored coastal gains until a wave of ``insane'' subprime and Alt-A mortgages started in 2005 and resulted in record defaults, Levy said.
``All of those markets suffering from higher foreclosures are where prices went too high and leverage was applied too excessively,'' Pimco's Gross said. The housing bill will ``put a floor on certain mortgages'' and help stop price declines, he said.
Homeowners like computer consultant
David Imig and his wife, Deborah, who live in the Stockton area and owe more than their house is worth, aren't helped by the bill. They paid $462,000 for a three-bedroom at the market peak in 2005. Now, their neighbor's foreclosed home is on sale for half its original price.
``We're a good $100,000 down,'' Imig said. ``If we could move without taking a huge bath, we would.''
Past Busts
Previous California housing busts had roots in local economic woes and U.S. monetary policy. The state
lost 350,000 jobs in the early 1990s, about two-thirds in the aerospace industry, according to the Cato Institute and Los Angeles County Economic Development Corp. Home prices tumbled 12 percent. In the early 1980s, existing-home sales dropped 61 percent amid interest rates of more than 14 percent and a national recession, the state Realtors said.
California may rebound more quickly from this decline than regions with fewer delinquencies and vacant homes, according to Zandi of Moody's The foreclosure process is ``more efficient'' than in states such as Florida where courts are involved, and Californians are typically ``more optimistic'' about housing after experiencing busts that were followed by property booms, Zandi said.
``They know it's going to be a good investment five or 10 years down the road,'' Zandi said. ``The fundamentals are good: supply constrained markets with lots of population growth, a solid and diversified economy and important global links'' in Los Angeles and San Francisco, he said.
`Bidding War'
It may take until 2010 for foreclosure sales to work their way out of the system in areas where defaults have soared, said Thornberg of
Beacon Economics.
``Those sales are going to have a very large impact on prices for the next year or so until those homes get absorbed by the market,'' he said. ``Housing markets don't bounce, they splat. They hit bottom and they stay there.''
That's good news for buyers like Peggy Thorpe. She outbid seven offers for a foreclosed house in Vallejo, east of San Francisco, and still got a 34 percent discount. It was the sixth time since May she made an offer for a home in foreclosure.
``This time I jumped higher,'' said Thorpe, 43, who works at a vineyard in Napa and paid $190,500 for the three-bedroom home with a loan balance of $289,000. ``There's an extreme bidding war right now.''
To contact the reporters on this story: Dan Levy in San Francisco at; Daniel Taub in Los Angeles at

Monday, June 30, 2008 Newsletter ~ 06.2008

Summertime at the Beach!
Obviously that means the rain is gone. Well, mainly gone. Our dry months are here. Last year, Ocean Shores received only 1.31 inches of rain in July and 1.46 inches in August. Let the dry times roll...

Ocean Shores Real Estate Update
This month, we're focusing on waterfront lots and land in Ocean Shores. Ocean Shores has an estimated 70 miles of waterfront. The peninsula's western shoreline extends southward approximately six miles with sandy public beaches. The southern shoreline runs easterly along the entrance to Grays Harbor with views of Westport, two miles across the entrance to the harbor. The eastern shoreline is primarily a residential area offering eastern and northern views of the Bowerman Basin, the Olympic Mountain range, Mt. Rainier, the cooling towers in Satsop and more.

Ocean Shores boasts 23 miles of freshwater canals and lakes. Duck Lake is stocked and considered one of the best year-round fishing lakes in Western Washington. The lake and canals are power-boat accessible with multiple boat launches and is friendly to waterskiers and swimmers. NO JET SKIS HOWEVER. All of the fresh water in Ocean Shores is excellent for many different boating experiences. A lot of people who live here own kayaks, boats or canoes. Below is a bit of a summary on the current market:

27 Lake Lots on the market in Ocean Shores. Average listing price: $128,420. 341 Days on Market.
18 Lake Lots sold in Ocean Shores during the past 12 months. Average sales price: $115,628. 241 Days on Market.

82 Canal lots on the market in Ocean Shores. Average listing price: $85,849. 351 Days on Market.
43 Canal Lots sold in Ocean Shores during the past 12 months. Average sales price: $65,384. 205 Days on Market.

82 Ocean & Bay front lots on the market in Ocean Shores. Average listing price: $189,765. 331 Days on Market.
15 Ocean & Bay front lots sold in Ocean Shores during the past 12 months. Average sales price: $141,300. 308 Days on Market.

Upcoming Events
4th Annual Ocean Shores Independence Day Picnic - July 3, 2008 10:00 a.m. - 4:00 p.m.
Place: North Bay Park. 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 gala event.
Ride the Smokey Mountain Railroad,
Slide down the Tot-Tanic Slide,
Embark on the Undersea Adventure obstacle course,
Challenge your friends on the Bungee Run,
Try your skill at Bouncy Boxing,
Join the super heroes on the Forces of Fun,
Smaller kids try out the Octopus Obstacle Course,
Challenge the Mutiny Pirate Ship with climbing, sliding and bouncing areas.
Hear numerous local artists perform on the grandstand.
Have fun with roving magicians & clowns.
Or just have a great time observing and visiting.

4th of July & Fire O'er the Water - July 4th
Celebrate Independence Day & stay over for the best fireworks show on the coast at Ocean Shores & Ocean City.

Big Weekend Triathlon & Footfest - July 12-13
The Big Weekend events are scheduled for July 12-13, 2008 from 7:00 a.m. - 5:00 p.m. The triathlon events include: Swimming in Duck Lake, Biking on the city streets of Ocean Shores peninsula & running on ocean beach and city streets.

Sun & Surf Run - July 25-27
Over 2,000 motorcycles at the Convention Center. Enjoy bonfire, fireworks, motorcycle parades, stunt riders and vendors.

New Fireworks Rules

Tourists & residents planning to set off fireworks at the beach next summer will have some stiffer restrictions on where they can do it. The City Council Monday night voted unanimously to amend the city's ordinance on fireworks. The amendment will go into effect in 2009. Under the new amendment, people are restricted from discharging fireworks within city limits, except for between the Marine View Drive Beach Access and the Damon Beach Approach at a minimum of 100 feet west of the dunes. Currently, please stay at least 50 feet away.

The amendment also changed the city's ordinance to reflect state laws on the hours of discharge. It is now legal to discharge fireworks between the hours of noon to 11 p.m. June 28, between 9 a.m. and 11 p.m. June 29 through July 3, between 9 a.m. and midnight July 4 and from 9 a.m. until 11 p.m. July 5. The ordinance also made it legal to use fireworks from 6 p.m. New Year's Eve until 1 a.m. January 1. The previous city code did not include the New Year's holiday.

Offshore Drilling coming here?
In the Pacific Ocean off Washington state there are salmon, whales and a lot of water. But, apparently, there isn't much oil or natural gas. State officials say they haven't heard a peep from anyone wanting to drill off the coast. Oil and natural gas resources off the Northwest coast are minuscule when compared to Florida and California. A 2001 Interior Department study estimated there might be 2.35 trillion feet of natural gas off Washington and Oregon. The same study estimated there was 180 trillion feet of natural gas in the Gulf of Mexico and 15 trillion feet off California. Several companies oil expressed an interest in exploring deep-sea areas off the Northwest coast in the late 1980s and early 1990s. "There isn't much interest in Washington state," said Dave Norman, the deputy state geologist. "The Washington coast ranks real low in potential - almost near the bottom." Norman said exploratory holes and seismic testing off the coast have never found much, even though oil seeps have been discovered on the west side of the Olympic Peninsula.

Proposed Radar Station of the coast gets a $2 Million Boost
A congressional panel's support for a Doppler radar station on the Washington coast is a "huge start" toward a facility that could help predict the severity of approaching Pacific storms, a University of Washington meteorologist says. "This is a significant amount to get the thing started, but it's not everything," said the UW's Cliff Mass. Mass said he's encouraged by the action, supported by Sen. Maria Cantwell, even though the amount approved is less than half of the $4.5 million that the radar would cost to purchase and install. It could help forecasters, utility crews and emergency workers assess storms heading into Washington. Cantwell and Mass say the radar is necessary because the Olympic Mountains prevent a government radar station on Camano Island from seeing storms approaching over the ocean. The price of an additional radar is small compared to the estimated $1 billion in damage done in Washington by last December's storms.

Jeff Daniel
Designated Broker
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW/PMB 1568, Ocean Shores, WA 98569
1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

Thursday, May 22, 2008 Newsletter ~ 05.2008

Whale Watching from the shores of Ocean Shores
After spending the winter months off Baja California, gray whales make their way north to their feeding grounds in Alaska. The Washington coast off Ocean Shores is filled with prime viewing spots to watch the whales during their spring migration. Some whales hang around and feed as they approach Grays Harbor. The majority of these gray whales will eventually reach their summer feeding grounds in the Bering Sea. By then it will be late June, the peak of Arctic summer.
To watch for a Gray, scan the ocean surface for a spout (a spray of tiny water droplets) from the blowholes on top of the whales head. Then, use binoculars or a spotting scope for a closer look. Most gray whales swim within 3 km of shore. While feeding, Grays tend to stay in a small area and follow a simple pattern of breathing and diving. Usually they spout three times at intervals of about 20 seconds while on the surface. Then they sound for two to four minutes to feed, resurfacing to repeat the cycle. A great spot to watch for Grays and the occasional Orca is down at the North Jetty. Sometimes, they get very close to the shore. On two occasions last year, a Gray Whale breached the surface within 50 feet of me and my little kayak. Good thing they don't eat people.

Ocean Shores Real Estate Update
It's supposed to be the end of Spring, but the weather has been so finicky this year. One day it's 80 and sunny, the next is raining and 50. Yuk! This has been affecting the market unfortunately. Anyway, here are some apple to apple comparisons of the Ocean Shores real estate market. Comparisons are from April 1st, 2007 to May 20th, 2007 and then the same time period for 2008.
4/1/07 - 5/20/07: 32 Sold, Average Square Footage: 1,512 sq ft, Average Price Per Square Foot: $163.15, Average Days on Market: 162, Average Sales Price $235,273.
4/1/08 - 5/20/08: 27 Sold, Average Square Footage: 1,431 sq ft, Average Price Per Square Foot: $135.53, Average Days on Market: 206, Average Sales Price $193,685.
4/1/07 - 5/20/07: 7 Sold, Average Square Footage: 976 sq ft, Average Price Per Square Foot: $243.51, Average Days on Market: 158, Average Sales Price $240,557.
4/1/08 - 5/20/08: 5 Sold, Average Square Footage: 996 sq ft, Average Price Per Square Foot: $232.35, Average Days on Market: 335, Average Sales Price $246,200.
4/1/07 - 5/20/07: 48 Sold, Average Days on Market: 211, Average Sales Price $50,319
4/1/07 - 5/20/07: 36 Sold, Average Days on Market: 271, Average Sales Price $40,860

Conclusion: It's ugly! Sales are still slow out here on the beach. But, here's a few good excuses on why this is: the weather has for the most part been horrible this Spring (feels like winter most of the time). I thought this planet was heating up? Throw in the mix of record high gas prices and the uncertainty of the upcoming presidential election and things are just a mess. Even though numbers are down, if the property is priced right (and of course marketed properly), it will sell. Buyers are looking for deals out here. New construction is doing very well. Everyone is predicting the market to dramatically heat up during the summer. Overall, real estate values are a function of supply and demand. More and more people are still just discovering Ocean Shores and as they do, they tend to fall in love with this place and buy... All numbers & stats are from the NWMLS. If you have any questions regarding these numbers or activity in the real estate market, please call Jeff Daniel of Coldwell Banker Ocean Beach Properties at 360.581.9020. Thanks!

Upcoming Events

Kite Challenge, Flag Day Parade & Dance, June 14-15
Kite fliers from around the world gather for competitions, activities and kite displays at Ocean Shores Convention Center, Ocean Shores; admission is free, 360.289.0667. A full day of activities! The Kite Challenge is sponsored by "Team Cutting Edge Kites" - 2005 and 2006 World Champions. Free kite flying lessons, stunt competitions, fun flies, displays and more. Also, honor our nation's flag with an old fashioned parade. Over 50 entrants parade through the streets of downtown. Dance to live music from 7-11 p.m. at the Convention Center.
Five Star Dealerships Sand & Sawdust, June 27 - 29
Master woodcarvers from all over the world compete. Auctions held daily. Saturday families and artists compete on the beach for the best sand sculpture. Free sand-sculpting lessons given on Friday.
4th of July Picnic & Fire O'er the Water, July 3 - 4
Celebrate Independence Day on July 3rd at our Community Picnic. Enjoy games, prizes, food, and fun. Stay over for the best fireworks show on the coast at Ocean City.

* Ocean Shores Liquor Store Now open 7 Days a Week
After this week's election for a new mayor and two new city council positions, the results are somewhat in and Dean Bunkers will be Ocean Shores' new full-time mayor. Meanwhile, vote totals for the two council positions are too close to call.
* Final Clam Dig of the Season!
Clam enthusiasts have received the go-ahead to proceed with a final razor clam dig May 24, the Washington Department of Fish and Wildlife (WDFW) announced today. Twin Harbors, Copalis and Mocrocks beaches were approved for the one-day morning dig after marine toxin tests showed the clams were safe to eat. Low tide at the beaches will be 9:58 a.m., at 0.5 feet. No digging will be allowed after noon. No digging will be allowed at Long Beach, where the state's annual allowable catch has been reached. Kalaloch Beach remains closed to harvest. Dan Ayres, WDFW coastal shellfish manager, said "WDFW is able to offer one more dig at Twin Harbors, Copalis and Mocrocks because there are sufficient clams remaining in the total allowable catch for those beaches. Even though digging was excellent during our early May opener, the digger turnout was lower than expected, leaving enough clams for a last dig." Ayres said. "This is the first time in two decades that WDFW has been able to offer a razor clam opener this late in the spring. Ayres reminded people they must keep the first 15 clams they dig and not return any to the beach.
* Surf Fishermen Pulled Down by Rip Tide
A surf fisherman who was apparently pulled down by a rip tide near Ocean Shores has died. The Grays Harbor County sheriff's office says the 62-year-old Olympia man, Dae W. Rhim, was fishing Friday near the Roosevelt Beach approach when his wife, who was watching from shore, saw him go under. He was pulled out of the surf by a passer-by and died on the way to a hospital. Two people have already died this year on the Washington coast in rip tides. Ocean Shores Deputy Police Chief Russ Fitts says a simple safety rule for waders to follow is, "Ankles OK, knees no way".
* Ocean Shores Liquor Store Now open 7 Days a Week
Just in case you wanted to know...

Jeff Daniel
Designated Broker
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW/PMB 1568, Ocean Shores, WA 98569
1.360.581.9020 (cell) - 1.888.469.3100 (toll free) - 1.360.289.3111 (fax)

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Thursday, May 15, 2008

347 Canal Dr NE Ocean Shores, WA 98569

Jeff Daniel | Coldwell Banker Ocean Beach Properties | | 360.581.9020

347 Canal Dr NE, Ocean Shores, WA
Custom Waterfront Home is featured in the Master Builders Tour of

Homes 2008.
3BR/2BA Single Family House
offered at $349,000
Year Built 2008
Sq Footage 1,852
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 9,000 sqft
HOA/Maint $0 per month


Winner! This Custom Waterfront Home is being featured in the Master Builders Tour of Homes 2008 and it can be yours! Open-concept floor plan, hardwood floors, stainless appliances, central vac, dock, tons of decking, massive upgrades & more! Luxury & affordability is here & now. This is the dream home you've always wanted. Location is excellent: on the grand canal, next to the golf course and just a minute from the beach. Another exciting brand new home from the award-winning Custom Builders NW!

see additional photos below

Central heatFireplaceHigh/Vaulted ceiling
Walk-in closetHardwood floorTile floor
Living roomDining roomBreakfast nook
MicrowaveGranite countertopStainless steel appliances
Laundry area - insideBalcony, Deck, or PatioYard


Garage parkingClubhouseSwimming pool(s)
Sauna/SpaTennis court(s)Golf course


Seller contact info:

Jeff Daniel
Coldwell Banker Ocean Beach Properties
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: May 15, 2008, 10:40am PDT