Tuesday, January 13, 2015

Ocean Shores Real Estate ~ 2014 Year in Review

Ocean Shores Real Estate ~ 2014 Year in Review‏

CaptureGreetings from the beach…
Another year has passed at the beach and the real estate market continues to make great strides. 2014 is the second year in a row since 2005 in Ocean Shores where home prices and home sales both increased. Vacant lot sales and prices (barely) were up as well. Condo sales slipped a little while both multifamily and commercial sales were up. Overall, it was another good, solid year for the Ocean Shores Real Estate Market.
Ocean Shores Residential Sales
Ocean Shores residential sales increased over 24% in 2014 compared to sales back in 2013. 247 homes sold last year up from 199 in 2013. We haven’t seen this many residential sales since 2006 when 256 homes sold. Home prices increased a little over 3.1% this past year as the average home price was $152,257. The most expensive home to sell in 2014 was an ocean front that fetched $565,000. Just over 18% of our home sales were foreclosures in 2014. That number was the same in 2013. The good news for now though is that only 17 out of the 184 homes on the market today are foreclosures or 9.2%. This number has to dramatically come down for home values to start showing significant gains out here on the beach.
2014 Home Sales
The average home that sold last year in Ocean Shores was 1,438 square feet and took 229 days to sell compared to 1,475 square feet and 242 days in 2013. 40 homes sold in 30 days or less. One house took 1,936 days to sell… There are only 184 homes on the market right now and 11 of those are presales meaning that they don’t actually exist… yet ~ Average list price: $206,775 (it was $195,900 last year at this time) ~ Average of 286 Days on Market. One has been on the market for 3,436 days now (that’s almost 10 years!) and no, it’s not my listing. That seller, however, has reduced his price (but probably not enough…) There were 23 Homes pending on January 1st… ~ Average list price of those: $150,483.OS Annual Home Sales* 247 Homes sold in 2014 for an average sales price of $152,257 (cheapest was $17,000– most expensive was $565,000).
* 199 Homes sold in 2013 for an average sales price of $147,568 (cheapest was $25,000 – most expensive was $385,000).
* 169 Homes sold in 2012 for an average sales price of $138,995 (cheapest was $12,000 – most expensive was $580,000).
* 169 Homes sold in 2011 for an average sales price of $143,192 (cheapest was $32,905 – most expensive was $405,000).
2014 Quarterly Home Sales
* 54 Homes Sold during 4th Quarter 2014 ~ Average Sales Price: $170,990 ~ Average of 196 Days on Market. Price Range: $17,000 – $565,000.
* 76 Homes Sold during 3rd Quarter 2014 ~ Average Sales Price: $142,752 ~ Average of 202 Days on Market. Price Range: $20,000 – $395,000.
* 65 Homes Sold during 2nd Quarter 2014 ~ Average Sales Price: $145,274 ~ Average of 285 Days on Market. Price Range: $30,000 – $368,950.
* 52 Homes Sold during 1st Quarter 2014 ~ Average Sales Price: $156,384 ~ Average of 241 Days on Market. Price Range: $23,000 – $385,000.
* 49 Homes Sold during 4th Quarter 2013 ~ Average Sales Price: $153,136 ~ Average of 217 Days on Market. Price Range: $25,000 – $347,000.
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Want to know what’s going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & “Like” us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the Facebook page before you got this…
Ocean Shores Condo Sales
2014 was an okay year for condo sales in Ocean Shores. 17 Condos sold – down from 19 in 2013. Condo inventory is the same as last year as well while list prices are up. All of the really lower-priced condos and foreclosures have pretty much sold. The most expensive condo on the market right now is $269,000 and it’s a gorgeous renovated ocean front next to the North Jetty. There are only a few Ocean View/Ocean Front condos available. Most of the available condos on the market right now are “condotels” – such as the Canterbury, Grey Gull, Polynesian, etc. No condotels sold last year. Hopefully, some of them will sell in 2015. Prices are very good for them historically speaking.
2014 Condo Sales
The average condo that sold last year in Ocean Shores was 886 square feet and took 246 days to sell compared to 972 square feet and 310 days in 2012. Four out of the 17 sold were foreclosures. There are only 29 condos on the market (same as last year) for an average list price of $114,882 (compared to $92,755 last year). One condo is pending currently and it’s listed for $49,500.
OS Annual Condo Sales 
* 17 Condos sold in 2014 for an average sales price of $84,876 (cheapest was $15,000 – most expensive was $180,000).
* 19 Condos sold in 2013 for an average sales price of $123,197 (cheapest was $27,900 – most expensive was $287,000).
* 17 Condos sold in 2012 for an average sales price of $107,191 (cheapest was $25,000 – most expensive was $215,000).
* 17 Condos sold in 2011 for an average sales price of $141,906 (cheapest was $5,000 (time share) – most expensive was $224,900).
2014 Quarterly Condo Sales
* 7 Condo Sold during 4th Quarter 2014 ~ Average Sales Price: $67,071 ~ 259 Days on Market. Price Range: $15,000 – $127,000.
* 4 Condos Sold during 3rd Quarter 2014 ~ Average Sales Price: $127,225 ~ Average of 353 Days on Market. Price Range: $85,000 – $172,500.
* 2 Condos Sold during 2nd Quarter 2014 ~ Average Sales Price: $35,000 ~ Average of 154 Days on Market. Price Range: $20,000 – $50,000.
* 4 Condos Sold during 1st Quarter 2014 ~ Average Sales Price: $98,625 ~ Average of 161 Days on Market. Price Range: $28,000 – $180,000.
* 1 Condo Sold during 4th Quarter 2013 ~ Sales Price: $130,000 ~ 166 Days on Market.
JeffDaniel.EmailBannerOcean Shores Vacant Lot Sales
Vacant land sales increased 8.5% this past year at the beach. In fact, there haven’t been this many lot sales in Ocean Shores since 2007. The continuing challenge of getting buyers to assume the Street LID or getting sellers to pay off the LID, however, is still challenging but improving. Like last year, a lot of sellers dropped their prices to unload these lots to really low prices which did motivate numerous buyers to take advantage of the cheap pricing. Seventy-seven (78 last year) of the 191 lots sold this year for $10,000 or less… Nearly 100 city-owned foreclosure lots came on the market this year and eventually another hundred or so will go online in 2015 or so. If you would like a copy of the lot foreclosure list, feel free to respond to this and I’ll email it to you. Inventory is up 22.6% and until this number goes down, prices will likely remain flat. There are 89 (64 last year) lots listed for $10,000 or less presently…
2014 Vacant Lot Sales
There are 541 (441 last year) lots on the market right now for an average list price of $39,202 ($44,946 last year). There are 12 (16 last year at this time) lots currently pending for an average list price of $16,550. It took 283 days to sell a vacant lot in 2014 compared to 313 days in the year before. One lot took 2,598 days to sell…
OS Annual Lot Sales 
* 191 Lots sold in 2014 for an average sales price of $19,971 (cheapest was $3,000 – most expensive was $260,000).
* 176 Lots sold in 2013 for an average sales price of $19,659 (cheapest was $800 – most expensive was $150,000).
* 167 Lots sold in 2012 for an average sales price of $21,237 (cheapest was $4,000 – most expensive was $95,000).
* 136 Lots sold in 2011 for an average sales price of $27,987 (cheapest was $4,999 – most expensive was $175,000).
2014 Quarterly Vacant Lot Sales
* 43 Lots Sold during 4th Quarter 2014 ~ Average Sales Price: $18,867 ~ Average of 296 Days on Market. Price Range: $4,500 – $66,000.
* 69 Lots Sold during 3rd Quarter 2014 ~ Average Sales Price: $16,307 ~ Average of 259 Days on Market. Price Range: $4,000 – $78,000.
* 44 Lots Sold during 2nd Quarter 2014 ~ Average Sales Price: $25,127 ~ Average of 227 Days on Market. Price Range: $3,000 – $265,000 (a triple lot on the water).
* 35 Lots Sold during 1st Quarter 2014 ~ Average Sales Price: $22,732 ~ Average of 367 Days on Market. Price Range: $3,000 – $140,000.
* 41 Lots Sold during 4th Quarter 2013 ~ Average Sales Price: $15,495 ~ Average of 318 Days on Market. Price Range: $800 – $50,000.
Copy of The North Beach (2) (1)2014 Multifamily Sales
Four Multifamily buildings sold in Ocean Shores last year compared to only one in 2013. Three of the apartments that sold were foreclosures. Average sales price was $203,125. Average square footage was 4,331.
2014 Commercial Property Sales
Eight Commercial buildings sold in 2014 compared to five in 2013. Price Range: $69,000 – $1,148,000.
Total Real Estate Sales for all of Grays Harbor
2014 – 1274 Transactions with a total volume of $140,112,276.
2013 – 1124 Transactions with a total volume of $116,657,672.
2012 – 1004 Transactions with a total volume of $101,896,506.
2011 – 1038 Transactions with a total volume of $112,102,309.
Harbor Home Sales
912 Homes sold in Grays Harbor County in 2014. Average price: $134,410.
770 Homes sold in Grays Harbor County in 2013. Average price: $126,023.
673 Homes sold in Grays Harbor County in 2012. Average price: $122,038.
695 Homes sold in Grays Harbor County in 2011. Average price: $134,342.
Harbor Home Sales Summary
Ocean Shores – 247 (up 48) Homes sold for an average price of $152,257.
Aberdeen – 203 (up 37) Homes sold for an average price of $96,761.
Hoquiam – 116 (up 23) Homes sold for an average price of $80,135.
Montesano – 82 (up 4) Homes sold for an average price of $159,195.
Elma – 74 (down 4) Homes sold for an average price of $165,257.
Westport – 47 (up 4) Homes sold for an average price of $133,435.
McCleary – 41 (up 12) Homes sold for an average price of $131,854.
Oakville – 26 (up 16) Homes sold for an average price of $152,360.
Pacific Beach/Seabrook – 19 (up 8) Homes sold for an average price of $436,449.
Cosmopolis – 18 (up 1) Homes sold for an average price of $111,044.
Grayland – 18 (up 4) Homes sold for an average price of $118,331.
Copalis Beach – 10 (up 3) Homes sold for an average price of $145,162.
Ocean City – 1 (down 5) Homes sold for $143,000.
Moclips – 0 (down 1) Homes sold for an average price of $0.
Harbor Condo Sales   
37 Condos sold in Grays Harbor County in 2014. Average price: $108,086.
34 Condos sold in Grays Harbor County in 2013. Average price: $155,346.
31 Condos sold in Grays Harbor County in 2012. Average price: $129,226.
31 Condos sold in Grays Harbor County in 2011. Average price: $137,858.
Ocean Shores vs Westport Condo Sales
Westport – 19 (up 6) Condos sold in 2014: Average price: $130,858.
Ocean Shores – 17 (down 2) Condos sold in 2014. Average price: $84,876.
Harbor Vacant Lot Sales
275 Vacant Lots sold in Grays Harbor County in 2014. Average price: $33,688.
276 Vacant Lots sold in Grays Harbor County in 2013. Average price: $39,403.
258 Vacant Lots sold in Grays Harbor County in 2012. Average price: $37,583.
263 Vacant Lots sold in Grays Harbor County in 2011. Average price: $43,800.
240 Vacant Lots sold in Grays Harbor County in 2010. Average price: $43,099.
Harbor Vacant Lot Sales Summary
Ocean Shores – 191 (up 15) Lots sold
Westport – 15 (up 2) Lots sold
Elma – 14 (up 4) Lots sold
Aberdeen – 12 (down 1) Lots sold
Montesano – 7 (down 3) Lots sold
Hoquiam – 6 (down 1) Lots sold
Taholah – 5 (up 4) Lots sold
Pacific Beach – 4 (down 2) Lots sold
Grayland – 4 (down 4) Lots sold
Copalis Beach – 3 (down 8) Lots sold
Moclips – 3 (down 2) Lots sold
Ocean City – 2 (down 1) Lots sold
What is my home worth

Washington Coastal Community Comparisons
Residential sales on Washington’s coast were up quite a bit in all areas except that no homes sold in Moclips, while Seabrook and Copalis Beach were both up a little bit. All in all, the four main areas on the Washington Coast were all up sales transaction and sales volume. Below is a comparison of the four major coastal areas in Washington State:
Ocean Shores / Ocean City
* 248 Homes sold in 2014 for an average sales price of $152,220. Total volume was $37,750,490 up nearly 24% from $30,510,942 in 2013.
* 207 Homes sold in 2013 for an average sales price of $147,396. Total volume was $30,510,942 up from $23,705,239 in 2012.
* 171 Homes sold in 2012 for an average sales price of $138,627. Total volume was $23,705,239.
* 171 Homes sold in 2011 for an average sales price of $143,482. Total volume was $24,535,361.
Long Beach / Ocean Park
* 228 Homes sold in 2014 for an average sales price of $159,185. Total volume was $36,294,131 up 27% from $28,511,861 in 2013.
* 208 Homes sold in 2013 for an average sales price of $137,076. Total volume was $28,511,861 up from $18,726,719 in 2012.
* 156 Homes sold in 2012 for an average sales price of $120,043. Total volume was $18,726,719.
* 133 Homes sold in 2011 for an average sales price of $149,703. Total volume was $19,910,500.
Westport / Grayland* 65 Homes sold in 2014 for an average sales price of $129,252. Total volume was $8,401,405 up 16% from $7,234,200 in 2013.
* 59 Homes sold in 2013 for an average sales price of $122,631. Total volume was $7,234,200 up from $5,605,763 in 2012.
* 44 Homes sold in 2012 for an average sales price of $127,404. Total volume was $5,605,763.
* 62 Homes sold in 2011 for an average sales price of $126,160. Total volume was $7,821,944.
Seabrook / Copalis Beach / Moclips / Pacific Beach* 29 Homes sold in 2014 for an average sales price of $336,005. Total volume was $9,744,141 up 132% from $4,195,565 in 2013.
* 20 Homes sold in 2013 for an average sales price of $209,778. Total volume was $4,195,565 up from $4,010,653 in 2012.
* 21 Homes sold in 2012 for an average sales price of $190,983. Total volume was $4,010,653.
* 34 Homes sold in 2011 for an average sales price of $269,781. Total volume was $9,172,538.
When it's time to sell or buy
Thanks for another great year!
I really need to thank all of my patient sellers & buyers along with all the great real estate agents, lenders, escrow & title folks and anyone else that I worked with in 2014 to make it another great year for me in real estate! This year I finished again at the top of the list with nearly 14% of all the real estate sales in Ocean Shores. I was also tops in Grays Harbor County with 5% of the market. This has been my third year at John L. Scott and I still can’t tell you what a great office, company and atmosphere we have. Additionally, the johnlscott.com website and the John L. Scott app are great! John L. Scott is the top-producing brokerage in Ocean Shores with the most brokers, listings and sales – just over 35% of all the real estate business in Ocean Shores last year. Thank you!
 2014 Ocean Shores Real Estate Brokerage Rankings
John L. Scott – 35%
Windermere – 24%
Laurie Christian – 9%
Premier Realty – 5%
Coldwell Banker – 3%
North Beach – 3%
cityofoceanshores.com Update
www.cityofoceanshores.com is updated and a sweet website to assist you in buying, living and enjoy Ocean Shores. Please check it out. Thank you!
Upcoming Things to Do in Ocean Shores
Click the picture for something to do every day in Ocean Shores & Grays Harbor
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Life’s @ the Beach!
Jeff Daniel              
Managing Broker
John L. Scott Ocean Shores
Cell Phone: 360.581.9020711 Point Brown Ave NW
Ocean Shores, WA 98569
360.289.2454 (fax)
 
This message (including attachment if any) is confidential and may be privileged. If you have received this message by mistake please notify the sender by return e-mail and delete this message from your system. Any unauthorized use or dissemination of this message in whole or in part is strictly prohibited. All real estate data is taken from the NWMLS.com website.

Monday, October 20, 2014

Ocean Shores Real Estate ~ Third Quarter 2014 Review

Ocean Shores Real Estate ~ Third Quarter 2014 Review

Ocean Shores Real Estate ~ Third Quarter 2014 Review
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Greetings from the beach…
Sales are up and continuing to improve at the beach. Prices are still low, however, and they’ll likely stay that way until the foreclosures go away which should be very soon…. I hope.
 About OS
Ocean Shores Residential Sales
Home Sales are up over 28% so far this year!
Ocean Shores residential real estate sales are way up and inventory is decreasing. 76 homes sold last quarter compared to 63 in the second quarter. This has been the strongest quarter of residential sales that we have seen at the beach in a very long time. As it stands right now through three quarters, 193 homes have sold so far in Ocean Shores this year, compared to 150 last year during the same time period. That’s an increase of over 28% in home sales at the beach this year so far. The biggest problem, still, is the number of foreclosures on the market. Currently, just over 8% of all the homes on the market are foreclosures. Once this number gets lower, average prices will jump.
2014 Home Sales (3rd Quarter)
The average home that sold during 3rd quarter in Ocean Shores was 1,443 square feet and took 202 days to sell compared to 1,413 square feet and 285 days during the 2nd quarter. 12 of those homes sold were listed as “bank-owned.” Sellers last quarter on average received 95.54% of asking price ~  There are 237 homes on the market right now compared to 255 at the end of last quarter ~ Average of 243 days on market. One has been for sale for 3,349 days now (coming up on ten years now for this same house that’s in this report every quarter…) – not my listing, but, they did finally reduce the price… There were 42 Homes pending on October 1st compared to 32 on July 1st.
2014 Quarterly Home Sales
* 76 Homes Sold during 3rd Quarter 2014 ~ Average Sales Price $142,752 ~ Average of 202 Days on Market. Price Range: $20,000 – $395,000.
* 63 Homes Sold during 2nd Quarter 2014 ~ Average Sales Price $145,274 ~ Average of 285 Days on Market. Price Range: $30,000 – $368,950.
* 52 Homes Sold during 1st Quarter 2014 ~ Average Sales Price $156,384 ~ Average of 241 Days on Market. Price Range: $23,000 – $385,000.
* 49 Homes Sold during 4th Quarter 2013 ~ Average Sales Price: $153,136 ~ Average of 217 Days on Market. Price Range: $25,000 – $347,000.
* 70 Homes Sold during 3rd Quarter 2013 ~ Average Sales Price $141,161 ~ Average of 224 Days on Market. Price Range: $27,500 – $300,000.
* 42 Homes Sold during 2nd Quarter 2013 ~ Average Sales Price $151,355 ~ Average of 236 Days on Market. Price Range: $27,000 – $327,000.
Want to know what’s going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & “Like” us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the Facebook page before you got this…
When it's time to sell or buy

Ocean Shores Condo Sales
The number of condo sales doubled in the third quarter from the second. There are only a very few Ocean View condos available that aren’t condotels.
2014 Condo Sales (3rd Quarter)The average condo that sold last quarter in Ocean Shores was 1028 square feet compared to 434 square feet the previous quarter. All four condos that sold last quarter were ocean front and all were down south near the North Jetty. There are 34 condos on the market (27 last quarter) for an average list price of $99,185. Seven condos were pending at the beginning of October (4 of those already sold as of 10/12).
2014 Quarterly Condo Sales* 4 Condos Sold during 3rd Quarter 2014 ~ Average Sales Price: $127,225 ~ Average of 353 Days on Market. Price Range: $85,000 – $172,500.
* 2 Condos Sold during 2nd Quarter 2014 ~ Average Sales Price: $35,000 ~ Average of 154 Days on Market. Price Range: $20,000 & $50,000.
* 4 Condos Sold during 1st Quarter 2014 ~ Average Sales Price: $98,625 ~ Average of 161 Days on Market. Price Range: $28,000 – $180,000.
* 1 Condo Sold during 4th Quarter 2013 ~ Sales Price: $130,000 ~ 166 Days on Market.
* 8 Condos Sold during 3rd Quarter 2013 ~ Average Sales Price: $132,488 ~ Average of 352 Days on Market. Price Range: $32,000 – $287,000.
* 5 Condos Sold during 2nd Quarter 2013 ~ Average Sales Price: $125,590 ~ Average of 225 Days on Market. Price Range: $50,000 – $215,000.
Ocean Shores Vacant Lot SalesLot sales are up over 8% so far this year over last.
69 Lots sold last quarter compared to only 42 the previous quarter. Average sales prices are way down due to the number of lots selling for under $10,000. Thirty-one of the 69 lot sales sold for $10,000 or less. The most expensive lot sale was a gorgeous lake lot that sold for $78,000.
Copy of The North Beach (2) (1)

2014 Vacant Lot Sales (3rd Quarter)Twenty lots were pending on October 1st. There are 559 (506 last quarter) lots on the market right now for an average list price of $45,409. The City recently put nearly 200 foreclosure lots on the market. All LID’s are paid on these lots. If you would like the list of foreclosure lots, just reply to this email asking for the list. Thanks.
2014 Quarterly Vacant Lot Sales
* 69 Lots Sold during 3rd Quarter 2014 ~ Average Sales Price: $16,307 ~ Average of 259 Days on Market. Price Range: $4,000 – $78,000.
* 42 Lots Sold during 2nd Quarter 2014 ~ Average Sales Price: $25,127 ~ Average of 227 Days on Market. Price Range: $3,000 – $265,000 (triple lot on the water).
* 35 Lots Sold during 1st Quarter 2014 ~ Average Sales Price: $22,732 ~ Average of 367 Days on Market. Price Range: $3.000 – $140,000.
* 41 Lots Sold during 4th Quarter 2013 ~ Average Sales Price: $15,495 ~ Average of 318 Days on Market. Price Range: $800 – $50,000.
* 53 Lots Sold during 3rd Quarter 2013 ~ Average Sales Price: $22,517 ~ Average of 378 Days on Market. Price Range: $5,000 – $150,000.
* 53 Lots Sold during 2nd Quarter 2013 ~ Average Sales Price: $18,597 ~ Average of 247 Days on Market. Price Range: $5,000 – $85,000.
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Upcoming Things to Do in Ocean Shores
Click the picture for something to do every day in Ocean Shores & Grays Harbor
Life’s @ the Beach!
Jeff Daniel              
Managing Broker
John L. Scott Ocean Shores
Cell Phone: 360.581.9020711 Point Brown Ave NW
Ocean Shores, WA 98569
360.289.2454 (fax)

Monday, July 14, 2014

Ocean Shores Real Estate ~ Second Quarter 2014 Review

Ocean Shores Real Estate ~ Second Quarter 2014 Review

Ocean Shores Real Estate ~ Second Quarter 2014 Review

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Greetings from the beach…
Sales are still up at the beach. Residential home sales increased this past quarter as did vacant lot sales. Condo sales are down though and really slow. While the real estate market is slowly and steadily improving, we’ve still got a long way to go before I’ll call it good.
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Ocean Shores Residential SalesOcean Shores residential real estate sales are still increasing even though inventory is on the rise. 63 homes sold last quarter compared to 52 in the first quarter. This has been the strongest quarter of residential sales that we’ve seen at the beach in a long time. Home prices dipped a bit from the previous quarter but that was due to quite a few low end sales dipping the average prices down. The average home sale was $145,274 compared to $156,384 in the first quarter. The most expensive home to sell so far this year was $368,950 which was a very nice, newer bay front home. 13 out of the 63 home sales were foreclosures this past quarter.
2014 Home Sales (2nd Quarter)The average home that sold during 2nd quarter in Ocean Shores was 1,413 square feet and took 285 days to sell compared to 1,498 square feet and 241 days during the 1st quarter. There are only 255 homes on the market right now compared to 217 at the end of last quarter and 261 last year at this time. 13 of those are listed as “bank-owned.” Average list price: $206,365 ~ Average of 240 days on market. One has been for sale for 3,246 days now (coming up on ten years now for this same house that’s in this report every quarter…) – not my listing… There were 32 Homes pending on July 1st compared to 35 Homes pending on April 1st, 2014.
2014 Quarterly Home Sales* 63 Homes Sold during 2nd Quarter 2014 ~ Average Sales Price $145,274 ~ Average of 285 Days on Market. Price Range: $30,000 – $368,950.
* 52 Homes Sold during 1st Quarter 2014 ~ Average Sales Price $156,384 ~ Average of 241 Days on Market. Price Range: $23,000 – $385,000.
* 49 Homes Sold during 4th Quarter 2013 ~ Average Sales Price: $153,136 ~ Average of 217 Days on Market. Price Range: $25,000 – $347,000.
* 70 Homes Sold during 3rd Quarter 2013 ~ Average Sales Price $141,161 ~ Average of 224 Days on Market. Price Range: $27,500 – $300,000.
* 42 Homes Sold during 2nd Quarter 2013 ~ Average Sales Price $151,355 ~ Average of 236 Days on Market. Price Range: $27,000 – $327,000.  Image
Want to know what’s going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & “Like” us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the Facebook page before you got this…
Ocean Shores Condo SalesFour Condos sold during 1st quarter compared to five in the same quarter during 2013. Condo inventory and prices are way down. The most expensive condo on the market right now is $164,900. There are only a few Ocean View condos available.
2014 Condo Sales (2nd Quarter)The average condo that sold last quarter in Ocean Shores was 434 square feet and took 154 days to sell. These were two tiny non-view, non-waterfront condos – both in downtown. There are 34 condos on the market (27 last quarter) for an average list price of $99,185. Two condos are currently pending – one is listed at $35,000 and the other is an ocean front at $279,000.
2014 Quarterly Condo Sales* 2 Condos Sold during 2nd Quarter 2014 ~ Average Sales Price: $35,000 ~ Average of 154 Days on Market. Price Range: $20,000 & $50,000.
* 4 Condos Sold during 1st Quarter 2014 ~ Average Sales Price: $98,625 ~ Average of 161 Days on Market. Price Range: $28,000 – $180,000.
* 1 Condo Sold during 4th Quarter 2013 ~ Sales Price: $130,000 ~ 166 Days on Market.
* 8 Condos Sold during 3rd Quarter 2013 ~ Average Sales Price: $132,488 ~ Average of 352 Days on Market. Price Range: $32,000 – $287,000.
* 5 Condos Sold during 2nd Quarter 2013 ~ Average Sales Price: $125,590 ~ Average of 225 Days on Market. Price Range: $50,000 – $215,000.
Ocean Shores Vacant Lot SalesVacant land sales increased a bit this past quarter compared to the first. The number of sales increased from 35 to 42 this quarter while the average price also increased from $22,732 to $25,127. Sixteen of the 42 lots sold were sold for $10,000 or less. There are 90 (61 last quarter) lots listed for $10,000 or less currently…
2014 Vacant Lot Sales (2nd Quarter)There are 506 (440 last quarter) lots on the market right now for an average list price of $45,409. There are 15 (14 last quarter) lots currently pending. It took 227 days to sell a vacant lot compared to 367 last quarter.
2014 Quarterly Vacant Lot Sales* 42 Lots Sold during 2nd Quarter 2014 ~ Average Sales Price: $25,127 ~ Average of 227 Days on Market. Price Range: $3,000 – $265,000 (triple lot on the water).
* 35 Lots Sold during 1st Quarter 2014 ~ Average Sales Price: $22,732 ~ Average of 367 Days on Market. Price Range: $3.000 – $140,000.
* 41 Lots Sold during 4th Quarter 2013 ~ Average Sales Price: $15,495 ~ Average of 318 Days on Market. Price Range: $800 – $50,000.
* 53 Lots Sold during 3rd Quarter 2013 ~ Average Sales Price: $22,517 ~ Average of 378 Days on Market. Price Range: $5,000 – $150,000.
* 53 Lots Sold during 2nd Quarter 2013 ~ Average Sales Price: $18,597 ~ Average of 247 Days on Market. Price Range: $5,000 – $85,000.Image
cityofoceanshores.com Update
www.cityofoceanshores.com has been completely overhauled, update and is pretty cool. Please check it out. Thank you!
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Upcoming Things to Do in Ocean Shores
Click the picture for something to do every day in Ocean Shores & Grays Harbor
Life’s @ the Beach!
Jeff Daniel              
Managing Broker
John L. Scott Ocean Shores
Cell Phone: 360.581.9020711 Point Brown Ave NW
Ocean Shores, WA 98569
360.289.2454 (fax)