City of Ocean Shores Real Estate Newsletter ~ 1st Quarter 2013

Greetings from the beach…

 


Ocean Shores Residential Sales
Residential home sales jumped over 32% from 1st period 2013 compared to 1st quarter 2012. Average prices also jumped over 40% for that same time period. The market is turning. 2013 is going to be a lot better than 2012. 11 of the 37 homes sold during this period were bank-owned. That’s the bad news. Hopefully that number will fade away as foreclosures work on going away.

 Check out property listings from your smart phone here!  

1st Quarter 2013 Home Sales
The average home that sold last quarter in Ocean Shores was 1,647 square feet and took 307 days to sell. There are 259 Homes on the market ~ Average list price: $195,142… ~ Average of 276 Days on Market. One has now been on the market for 2,817 (again not my listing & this seller has not reduced his price since September 2009…). There are 30 Homes pending…
Quarterly Home Sales
* 37 Homes Sold during 1st Quarter 2013 ~ Average Sales Price $147,759 ~ Average of 307 Days on Market. Price Range: $25,000- $385,000.
* 47 Homes Sold during 4th Quarter 2012 ~ Average Sales Price: $161,191 ~ Average of 179 Days on Market. Price Range: $17,500 – $580,000.
* 43 Homes Sold during 3rd Quarter 2012 ~ Average Sales Price $143,638 ~ Average of 193 Days on Market. Price Range: $28,050- $400,000.

* 50 Homes Sold during 2nd Quarter 2012 ~ Average Sales Price $126,399 ~ Average of 232 Days on Market. Price Range: $16,000- $375,000.
* 28 Homes Sold during 1st Quarter 2012 ~ Average Sales Price $105,318 ~ Average of 207 Days on Market. Price Range: $12,000- $180,000.

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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
Condo sales are improving. Ocean View Estates has sold out!
1st Quarter 2013 Condo Sales
Five Condos sold during the 1st quarter of 2013. The average prices slipped a bit from fourth quarter of 2012, but if you compare this quarter to first quarter of 2012, sales more than doubled and the prices nearly quadrupled from an average price of $27,750 up to $104,580. Average time on the market was 357 days. There are 34 condos on the market right now for an average list price of $113,360. Average time on market is 409 days. There are four condos pending right now.
Quarterly Condo Sales
* 5 Condos Sold during 1st Quarter 2013 ~ Average Sales Price: $104,580 ~ Average of 357 Days on Market. Price Range: $27,900 – $185,000.
* 9 Condos Sold during 4th Quarter 2012 ~ Average Sales Price: $120,471 ~ Average of 349 Days on Market. Price Range: $45,000 – $190,000.
* 3 Condos Sold during 3rd Quarter 2012 ~ Average Sales Price: $146,667 ~ Average of 269 Days on Market. Price Range: $50,000 – $215,000.
* 2 Condos Sold during 2nd Quarter 2012 ~ Average Sales Price: $72,500 ~ Average of 1141 Days on Market. Price Range: $55,000 – $90,000.
* 2 Condos Sold during 1st Quarter 2012 ~ Average Sales Price: $27,750 ~ Average of 282 Days on Market. Price Range: $25,000 – $28,500.

Ocean Shores Vacant Lot Sales
Lot sale are still plugging along, but they’re not making good headway like homes are. I’ll be shocked if there are any vacant lots for sale for under $10,000 by the end of summer though. The bottom is starting to come up here…
1st Quarter 2013 Vacant Lot Sales/Stats

There are 413 lots on the market. Average list price is $45,209 and average time on the market is 323 days (one has been on the market now for 3,224 days and this seller has not reduced his price since June of 2008….).  There are 17 lots pending right now.
Quarterly Vacant Lot Sales
* 29 Lots Sold during 1st Quarter 2013 ~ Average Sales Price: $22,226 ~ Average of 312 Days on Market. Price Range: $5,500 – $63,500.
* 34 Lots Sold during 4th Quarter 2012 ~ Average Sales Price: $19,394 ~ Average of 437 Days on Market. Price Range: $4,000 – $75,000.
* 50 Lots Sold during 3rd Quarter 2012 ~ Average Sales Price: $22,087 ~ Average of 433 Days on Market. Price Range: $4,500 – $95,000.
* 47 Lots Sold during 2nd Quarter 2012 ~ Average Sales Price: $21,174 ~ Average of 307 Days on Market. Price Range: $5,000 – $64,000.
* 36 Lots Sold during 1st Quarter 2012 ~ Average Sales Price: $20,535 ~ Average of 383 Days on Market. Price Range: $6,500 – $60,000.

 

 

Click on the little dude with a shovel in his hands for something to do every day in Ocean Shores & Grays Harbor!

Upcoming Things to Do in Ocean Shores

Grays Harbor County Expo
May 24-26
Fifth annual Expo sponsored by Featuring Oceans of Fine Arts – Arts & Crafts Show, Cruisin the Shores – RV Show, Chainsaw Carving, Hotrod & Classic Car Show and a Home Show! SOMETHING FOR EVERYONE! Free and Easy Parking – Memorial Day Weekend 2011 plan on joining us!

Wearable Art Show
June 1
Artists create the most outrageous costumes imaginable for a wearable art style fashion show. Google “wearable art” and let your imagination run wild. This is a rapidly growing event.

Festival of Colors
June 1-2
This is a great family kite-flying event for novice to professional kite flyers! Come fly a kite or enjoy the antics of colorful kites.

Flag Day Parade
June 8
A chance to show our patriotic spirit. The parade features more than 75 entries and a Grand Marshall. End the day with dancing and raffle drawings. One of the only Flag Day parades in Western Washington.

Sand & Sawdust Festival
June 21-23
Five Star Dealerships Sand and Sawdust Festival welcomes you to the beach! Master, Intermediate, & Novice Sand-Sculpting teams compete for over $5,000.00 in cash prizes. At the Convention Center master woodcarvers from all over the world compete in this amazing annual competition. There are vendors, food sales & the live auctions are held daily on carvings! Families & children are invited to enter the sand-sculpting competition or learn sand-sculpting skills.

Life’s @ the Beach!


 

Jeff Daniel                  
Managing Broker

John L. Scott Ocean Shores

Cell Phone: 360.581.9020
711 Point Brown Ave NW

Ocean Shores, WA 98569

360.289.2454 (fax)

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