Sunday, May 22, 2011
Saturday, March 12, 2011
Wednesday, January 12, 2011
Washington Coastal Community Comparisons
Coastal Community Comparisons
Residential sales on Washington’s coast were pretty flat. Below is a comparison of the four major coastal areas:
Ocean Shores / Ocean City
181 Homes sold in 2010 for an average sales price of $169,776. Total volume was $30,726,526.
184 Homes sold in 2009 for an average sales price of $172,641. Total volume was $31,765,961.
Westport / Grayland
42 Homes sold in 2010 for an average sales price of $133,945. Total volume was $5,625,700.
29 Homes sold in 2009 for an average sales price of $173,594. Total volume was $5,034,237.
Seabrook / Copalis Beach / Moclips / Pacific Beach
23 Homes sold in 2010 for an average sales price of $273,591. Total volume was $6,292,590.
27 Homes sold in 2009 for an average sales price of $253,987. Total volume was $6,857,650.
Long Beach / Ocean Park
150 Homes sold in 2010 for an average sales price of $161,531. Total volume was $24,229,648.
145 Homes sold in 2009 for an average sales price of $171,855. Total volume was $24,919,005.
Residential sales on Washington’s coast were pretty flat. Below is a comparison of the four major coastal areas:
Ocean Shores / Ocean City
181 Homes sold in 2010 for an average sales price of $169,776. Total volume was $30,726,526.
184 Homes sold in 2009 for an average sales price of $172,641. Total volume was $31,765,961.
Westport / Grayland
42 Homes sold in 2010 for an average sales price of $133,945. Total volume was $5,625,700.
29 Homes sold in 2009 for an average sales price of $173,594. Total volume was $5,034,237.
Seabrook / Copalis Beach / Moclips / Pacific Beach
23 Homes sold in 2010 for an average sales price of $273,591. Total volume was $6,292,590.
27 Homes sold in 2009 for an average sales price of $253,987. Total volume was $6,857,650.
Long Beach / Ocean Park
150 Homes sold in 2010 for an average sales price of $161,531. Total volume was $24,229,648.
145 Homes sold in 2009 for an average sales price of $171,855. Total volume was $24,919,005.
Monday, October 25, 2010
Wednesday, October 13, 2010
CityofOceanShores.com Newsletter ~ September 2010
Beach Updates
We went razor clam digging last weekend for the opening dig and I've got to report that we had a great time. It seems the more often you go, the easier it gets to find the holes to suck them up. Anyway, we got our clams, took them home, cleaned them and then fried 'em up. They're so good... and the price is right. Anyway, if you haven't eaten razor clams and done the wh
ole "dig 'em up and eat them" thing, you're really missing out. Again, really good and really easy. This is a pretty good instructional video I found on the net...How to dig a razor clamYouTube 2:10Watch video on Bing
http://www.youtube.com/watch?v=6S_YHSyBrLsv=6S_YHSyBrLs
Ocean Shores and the North Beach areas typically feature the best razor clams on Washington's coast. The WA State Department of Fish & Wildlife determines when we'll have a razor clam dig and they typically schedule it just a few weeks beforehand. As of right now, they still haven't scheduled one for November. Visit http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991 to receive alerts as to when the next dig will be. If you need a license or gear, pop on by Ace Hardware in Ocean Shores to get those things.If you want more info about digging razor clams, send me an email.
Be a Fan of Ocean Shores Real Estate on Facebook!If you haven't visited the Ocean Shores Real Estate Facebook page lately, please check it out. I'm serious! In fact, this newsletter was posted there before this email was sent out! You should at least go look at the page... There's more timely info about the real estate market, pictures, news, etc. Get the full scoop on what's going on with real estate at the beach by being a fan! Visit the page today by clicking the logo or the link: http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991. Thank you to everyone who has recently signed up.
Ocean Shores Real Estate UpdateI'm pretty shocked that 2010 is likely going to end up being a better year for real estate in Ocean Shores than it was in 2009. Activity is still up. The summer was pretty lame for sales, but because of a strong spring, the year should finish out quite well. See my Year-to-Dates down below...
September Home Sales
15 Homes sold in Ocean Shores during the month of September for an average price of $207,940 compared to 16 sales in August at an average price of $177,706. Home sales are still pretty flat but at least something is selling... The average sales prices are up because of a couple high end sales - an ocean front for $375,000 and a bayfront for $432,000. The cheapest house to sell in September was $115,000. Average time on the market was only 241 days... Average price per square foot comes in at $138.02. Only 27 homes are pending right now, compared to 34 homes last month. There's 244 homes on the market right now compared to 258 homes last month. Home inventory will drop as winter comes.
Year to Date
134 Homes have sold through the first three quarters of 2010 for an average price of $171,543. The cheapest was $35,000 while the one that brought in the most was $450,000.
129 Homes sold last year during the same period for an average sales price of $176,491. The cheapest was $31,500 while the most expensive one was $495,000.
I guess you could say things are a little better although it really doesn't feel like it. I guess we all expected the market to vastly improve this year over last... and of course we know that didn't happen. All things considered, staying flat from 2009 to 2010 is a win these days...
September Vacant Lot Sales
18 Lots sold in September for an average price of $21,711 compared to 13 Lots in August for an average price of $30,185. Average prices don't mean a whole lot in Ocean Shores for lot sales as one or two high end lots can spike the averages. The cheapest lot to sell last month was a lot out by North Jetty which was unloaded for a measily $8,500. One lakefront sold for $85,000, while three canal lots sold for $39,000, $35,000 and $26,500... Prices are way down for vacant land... The Street LID is the main culprit driving down lot prices... 17 lots are currently pending around town. There are 503 lots on the market right now compared to 567 last month.
Year to Date
126 Lots have sold through the first three quarters of 2010 for an average price of $29,618. The cheapest was $7,000 while the one that brought in the most was $179,500.
102 Lots sold last year during the same period for an average sales price of $36,235. The cheapest was $8,500 while the most expensive one was $155,000.
September Condo Sales
Three condos sold in September for an average price of $103,000. Two were these tiny little downtown one bedroom cheapies that sold for for $25,000 & $35,000, while the other was an oceanfr
ont at Ocean View Estates that was practically a giveway at $249,000. There are no condos pending right now.... Ugh. There's 155 condos listed right now on the NWMLS! There's enough condos to last 10 years in Ocean Shores if we're lucky! This high amount of inventory is ridiculous and not likely to change as there a couple (two too many) real estate brokers who appear to like to have a bunch of overpriced condo listings in their inventory that no one is interested in buying. These big condo projects like the Villages of Ocean Shores (28 condos listed as active by the developer. Nothing has sold) and the Gitche Gumee (58 condos listed as active by the developer. Nothing has sold) really need to reduce their on-the-market inventory. There's only about five or six good buys out there right now anyway in the condo market. Call me and I'll share...Year to Date
16 Condos have sold through the first three quarters of 2010 for an average price of $115,088. The cheapest was $25,000 while the one that brought in the most was a Dreamscape unit at $259,000.
14 Condos sold last year during the same period for an average sales price of $155,162. The cheapest was $57,000 while the most expensive one was $350,000 and two actually sold for that.
It should be pretty easy to see why the average sales prices for this year were so much lower. On the other hand, it's quite hard to believe that condo sales are up (over 10% if you do the math) in Ocean Shores...
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 http://www.cityofoceanshores.com/. Thanks! All statistics are supplied from the Northwest Multiple Listing Service.
Be a Fan of Ocean Shores Real Estate on Facebook!
If you haven't visited the Ocean Shores Real Estate Facebook page lately, please check it out and you shouldn't even be reading this because you already should have clicked the link up above... There's more timely info about the real estate market, pictures, news, etc. Be a fan and be cool! Visit the page today by clicking the above logo or the link: http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991. Thank you.
Upcoming EventsCat Fanciers' Association Cat Show
October 16-17, 2010A Cat Fanciers Association All Breed Cat Show. See an incredible variety of cats from the ordinary to the very unusual. Vendors will be selling unique pet items as well on Saturday. 10-5 on Sat & 9-4 on Sunday. http://www.cfa.org/shows.html
Art Walk
October 16, 2010Art Walk in the galleries and retail shops all over Ocean Shores from 3-8 p.m.
7th Annual Irish Music Festival
October 21-24, 2010The West Coast's Largest Irish Music Festival. 6 stages, 4 venues and 20 great bands. Come tip a pint and kick up your heels Thursday October 21 through Sunday the 24th. For more information and a schedule of the bands and events visit http://www.galwaybayevents.com/
Jazz at the Beach
November 5-7, 2010Jazz bands from all around the U.S. & Canada join together at the beach to offer up over 65 hours of live jazz at several venues throughout Ocean Shores. A three day passis only $60 if you order before 10/1/10. After that, they're $70. Single day badges are priced seperately. There's a free jazz hour for kids of all ages featuring the North Beach High School Jazz Band on Saturday at 9:30 a.m. at the Convention Center. Special umbrella parade to be held Saturday night at 8 p.m. - also at the Convention Center. http://www.osjazz.com/
Razor Clam Dig
November TBA 2010The State hasn't announced the November dig yet, but if you want to find out when the next dig is in a timely fashion, visit http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991 to find out more info!
Winter Fanta-Sea
November 26-28 2010
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.
See you on the beach!
Jeff Daniel Managing 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)
Monday, September 13, 2010
CityofOceanShores.com Newsletter ~ August 2010
Beach UpdatesIt's back to normal at the beach. The big summertime tourist season has come to a close with the passing of Labor Day Weekend. The kids are back in school and now us locals and those who regularly frequent the beach can get back to cruising on through the new (or not so) roundabout without worrying about someone coming to a complete stop before entering (even when no one is in the roundabout!)... All said it was a pretty good summer though. Most of the big events went off smoothly with excellent turnouts. There were no big dune fires on the 4th so that's good and we'll be able to set off firewoks on the beach again next year. The Sun & Surf Event had their best event ever under sunny skies. Weatherwise this summer (and I know I complained last month, but as I look at my window right now, all I see is white and gray in the sky), I'm still a complainer. My typical summertime farmer tan never showed up! I've got high hopes for you October... Bring me some razor clams, a good surf and some sunshine... please...
Be a Fan of Ocean Shores Real Estate on Facebook!
If you haven't visited the Ocean Shores Real Estate Facebook page lately, please check it out. I'm serious this time! There's more timely info about the real estate market, p
ictures, news, etc. Get the full scoop on what's going on with real estate at the beach by being a fan! Visit the page today by clicking the logo or the link: http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991. Thank you.Ocean Shores Real Estate Update
Real Estate activity has picked up some since the rock bottom month of July came and passed. August was a little better. September should be even better. It can't get any worse, can it?
August Home Sales
Residential sales are still down as only 16 houses closed in Ocean Shores during August for an average sales price of $177,706. This isn't that great, but these numbers are at least both up from July's total of 11 sales for an average price of $157,882. The real good news here is that there's 34 homes pending right now and the average list price for them is $203,696. There's 258 homes on the market right now.
August Vacant Lot Sales
Only 13 Lots closed in August compared to 19 in July. Average price was $30,185
compared to $35,303 last month. The cheapest lot sold was only $8,000 while the most expensive one was a super cheap ocean front lot for only $70,000. Yikes! (in a bad way)... 19 lots are currently pending around town. There are 567 lots on the market right now compared to 552 last month. 37 of those lots are listed for less than $15,000... Lot inventory is going to increase dramatically in the following months because of the Street LID about to hit and prices are definitely going to drop even further...August Condo Sales
One little one bedroom condo sold in August for $53,900. The unit was located in downtown just behind the putt putt course... There's only two other condos that are currently pending right now - one is another cheap one like the one that sold and another is a down at Ocean View Estates. Condo sales are still slow.... That said, there are some great deals to be had. That was it. No changes in the condo market from last month. The inventory is still way to high and frankly there's only about 5-6 good buys out there right now. Call me and I'll share.
Sales are up, Volume is down report
For the first eight months of the year (Jan-Aug 2010), total volume in real estate sales (closed sales) comes in at $25,145,710 with 242 transactions. This includes all residential, vacant land, commercial, multi-family, condo & timeshare sales in Ocean Shores. For the same time period last year in 2009, there was a total of $27,548,630 in volume with only 223 transactions. So, activity is up anyway....
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 statistics are supplied from the Northwest Multiple Listing Service.
Be a Fan of Ocean Shores Real Estate on Facebook!
If you haven't visited the Ocean Shores Real Estate Facebook page lately, please check it out and you shouldn't even be reading this because you already should have clicked the link up above... There's more timely info about the real estate market, pictures, news, etc. Be a fan and be cool! Visit the page today by clicking the above logo or the link: http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991. Thank you.
Upcoming Events
Paddle the Shores
September 18-19, 2010
North 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. In addition to the popular Poker Paddle, activities will include a human-powered boat race, a cardboard boat race, speakers, vendors, boat try-outs, skills demonstrations and a picnic. New this year will be a Stand Up Paddleboard Race and three "Wacky Kayak Races". The public is invited to tryout boats, talk to boating experts, enjoy a meal and watch loads of boating entertainment. Come join the fun! http://www.oceanshoresact.com/events.html#waterWhale of a Quilt Show
October 1-3, 2010
The Sea-Pal Quilters of Ocean Shores "Whale of a Quilt Show" offers boutique vendors, handmade quilts, demonstrations, and quilted items @ the Convention Center. The show is judged and prizes are awarded. Free admission, donations welcome.
Cat Fanciers' Association Cat Show
October 16-17, 2010
A Can Fanciers Association All Breed Cat Show. See an incredible variety of cats from the ordinary to the very unusual. Vendors will be selling unique pet items as well on Saturday. 10-5 on Sat & 9-4 on Sunday. http://www.cfa.org/shows.html
Jazz at the Beach
November 5-7, 2010
Jazz bands from all around the U.S. & Canada join together at the beach to offer up over 65 hours of live jazz at several venues throughout Ocean Shores. A three day passis only $60 if you order before 10/1/10. After that, they're $70. Single day badges are priced seperately. There's a free jazz hour for kids of all ages featuring the North Beach High School Jazz Band on Saturday at 9:30 a.m. at the Convention Center. Special umbrella parade to be held Saturday night at 8 p.m. - also at the Convention Center. http://www.osjazz.com/
See you on the beach!
Jeff Daniel
Managing Broker
Coldwell Banker Ocean Beach Properties
Cell Phone: 360.581.9020
749 Point Brown Ave NW
PMB 1568, Ocean Shores, WA 98569
360.289.3111 (fax)
Friday, August 13, 2010
CityofOceanShores.com Newsletter ~ June/July 2010
Beach Updates This year, the beach has experienced a pretty rare climate adjustment in the fact that Ocean Shores now has five seasons to enjoy (winter, spring, overcast, summer & fall). If that wasn't clear enough (no pun intended), the weather this summer has been lousy so far. There's only been two days that I counted in July where we had blue sky on the beach for more than a five minute period. Typically, it's foggy with overcast in July & August, but then by 2 or 3 p.m., the fog burns off and blue sky takes over. Not this year, it's been gray and it's been staying gray. And it's not just July either. Most of June had gray skies and so far August has delivered us 1 good day. I sure can't wait until September when summer finally arrives. Maybe if we all head down to the beach wearing shorts or whatever and pray for sun, maybe, must maybe, it will finally come out and stay.
Ocean Shores Real Estate Update
Real Estate activity has pretty spotty lately. Some days the phone doesn't ring and the inbox only sees junk. Other days I can't seem to catch up with everything going on. I guess this is all pretty typical except that for the first five months of the year, sales had actually been increasing. I think June & July has provided a reality check in letting us know that the recovery is not going to happen overnight or next month or probably not even next year. It's going to take awhile that's for sure. That said, the combination of the lowest interest rates ever, plenty of inventory and ridiculous low prices should really be an incentive for buyers contemplating making a move or buying a beach getaway, condo or lot. I hate saying that there's never been a better time to buy (cause I say it way too much that I don't even know anymore), but dang, has there?
June & July Home Sales
Residential sales have taken a dive this summer so far... Hopefully this will change anyday now. 20 Homes sold in June for an average price of $156,250. This is barely up from 19 Homes sold in May for an average price of $181.250. July's sale were absolutely pathetic and likely the reason why I lost all motivation to do a newsletter last month. Only 11 homes sold in July for an average price of $157,882. July is typically one of the very best months for real estate sales at the beach. This year, it has nearly been the worst. There's 260 homes on the market right now and there's 26 pending.
Year-To-Date Home Sales
103 homes have sold through the end of July this year for an average price of $165,625 (cheapest was $35,000 - most expensive was $450,000). Average time on market has been 211 days. For the same time period last year in 2009, 108 homes had sold for an average price of $177,407. Average time to sell was also 248 days. I guess it's not as bad as it feels...
June & July Vacant Lot Sales
16 Lots sold in June compared to 10 in May. Average price was $24,133 - down just a tad bit from $59,980 in May. The cheapest one was only $7,000 (yikes!), while the most expensive one was a bayfront at $99,000. Lot sales actually increased in July as 19 sold for an average price of $35,303. The cheapest in July was only $10,000, while the most expensive was a cheap lake lot for only $65,000. 17 lots are currently pending, compared to only 10 last month. There are 552 lots on the market now compared to 551 in May. Land inventory has remained quite stable for the past three months. These numbers are pretty decent.
Year-To-Date Vacant Lot Sales
93 lots have sold through the end of July this year for an average price of $31,169. Average time on market has been 297 days. For the same time period last year in 2009, 77 vacant lots had sold for an average price of $36,866. Average time to sell was 298 days. So I guess even though it doesn't seem like it, lot sales are up quite a bit - that's an increase in sales of over 20% for those keeping track. Low listing prices and increased seller motivation is most definitely the cause of this. Add the upcoming Street LID about to hit all property owners and before you know it, there should quite the frenzy for even more lot sales in the coming months. Prices are definitely down now. Financing is pretty rare for land, but quite a few sellers now are willing to sell their land on contracts. Let me know if you'd like more info.
June & July Condo Sales
Dreamscape Condos are the only game in town that seems to be getting any action in the condo market. Two sold in June and another condo sold at the Polynesian. Average sales price between the three was $165,667. The condo at the Polynesian was just under $100,000 bringing down that average price. No condos sold in July. The condo market in Ocean Shores is really in a terrible predicament. There's way too much inventory because of a handful of developments that are incredibly overpriced and no one these days is going to pay too much for a condo. That said, there's 155 condos listed on the MLS right now. At our current sales rate, it would take nearly 10 years to sell all of the current inventory on the market right now. This is ridiculous and confusing to buyers. With the exception of the Dreamscape Condos and a few listing at some of the smaller developments (Kats Cove, The Muriah & Brisa Del Mar),
Year-To-Date Condo Sales
A whopping 12 condos have sold through the end of July this year for an average price of $123,208 (four of these were real cheap cheap condos that sold for less than $45,000). Average time on market has been 385 days. For the same time period last year in 2009, 9 condos had sold for an average price of $173,974 (the cheapest was $57,000). Average time to sell was also 385 days (creepy!) Even though it feels pretty dead in the condo arena, I guess condo sales are up too.... Weird...
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 statistics are supplied from the Northwest Multiple Listing Service.
Be a Fan of Ocean Shores Real Estate on Facebook!
If you haven't visited the Ocean Shores Real Estate Facebook page lately, please check it out. There's more timely info about the real estate market, pictures, news, etc. Be a fan and be cool! Visit the page today by clicking the logo or the link: http://www.facebook.com/pages/Ocean-Shores-WA/Ocean-Shores-Real-Estate/42604953991. Thank you.Upcoming Events
Gospel Music Festival
August 14, 2010
5th Annual Gospel Music Festival @ the Convention Center presented by Higher Ground Ministries. "Catch the Wind of the Spirit” and join in as everyone is welcome. Quartet, talent showcase, endless live performances, door prizes, food both, talented musicians, lots of music and good ol' fashioned FUN! Bring the entire family and sing along!
A.A.O.S. Arts & Crafts Festival
September 10-12, 2010
An end of summer annual event. Visit one of Western Washington's largest indoor & outdoor handmade arts and crafts fair @ the Convention Center. 1,000's of unique items are showcased by gifted artists and talented craftspeople. Admission is free.
Paddle the Shores
September 18-19, 2010
North 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
October 1-3, 2010
The Sea-Pal Quilters of Ocean Shores "Whale of a Quilt Show" offers boutique vendors, handmade quilts, demonstrations, and quilted items @ the Convention Center. The show is judged and prizes are awarded. Free admission, donations welcome.
See you on the beach!
Jeff Daniel Managing Broker
Coldwell Banker Ocean Beach Properties
Cell Phone: 360.581.9020
749 Point Brown Ave NW
PMB 1568, Ocean Shores, WA 98569
360.289.3111 (fax)
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