Ocean Shores Real Estate Report ~ 3rd Quarter 2015‏

Greetings from the beach…
Third quarter residential home sales are up over 19% compared to third quarter 2014! During the same time period compared to last year, average sales prices also increased nearly 17%! Additionally, last year there were 237 homes on the market at this time, while there are only 173 on the market right now. That’s a inventory decrease of 27%. Year to date, 241 homes have already sold in Ocean Shores compared to 193 last year during the same time period. Lastly, it took 149 days to sell a home in 2nd quarter compared to only 139 days this past quarter. Third quarter, while not as great as 2nd quarter, but close, has still been very good for home sales at the beach. Let’s look back at 3rd quarter home sales over the past eleven years.

* 91 Homes sold ~ 3rd Quarter 2015 ~ Average Sales Price: $166,771.

* 76 Homes sold ~ 3rd Quarter 2014 ~ Average Sales Price: $142,629.
* 70 Homes sold ~ 3rd Quarter 2013 ~ Average Sales Price: $141,161.
* 44 Homes sold ~ 3rd Quarter 2012 ~ Average Sales Price: $143,782.
* 46 Homes sold ~ 3rd Quarter 2011 ~ Average Sales Price: $153,207.
* 42 Homes sold ~ 3rd Quarter 2010 ~ Average Sales Price: $182.479.
* 49 Homes sold ~ 3rd Quarter 2009 ~ Average Sales Price: $171,849.
* 67 Homes sold ~ 3rd Quarter 2008 ~ Average Sales Price: $192.879.
* 70 Homes sold ~ 3rd Quarter 2007 ~ Average Sales Price: $219,124.
* 81 Homes sold ~ 3rd Quarter 2006 ~ Average Sales Price: $209,600.
* 95 Homes sold ~ 3rd Quarter 2005 ~ Average Sales Price: $193,147.

 

Ocean Shores Residential Sales
91 homes sold during 2nd quarter for an average price of $166,771 compared to 97 sales and an average price of $175,479 last quarter. If inventory continues to remain low or even goes lower, prices are going to rise. We’ve nearly sold as many homes through three quarters this years (241) as we sold in all of last year (247) and we still have 3 months of selling to go!

2015 Third Quarter Home Sales
The average home that sold last quarter in Ocean Shores was 1,438 square feet and took 139 days to sell compared to 1,489 square feet and 149 days last quarter. 11 of the 91 homes that sold were bank-owned or 11% compared to 10% last quarter. There are only 4 foreclosures or bank-owned homes left for sale in Ocean Shores or 2.3%. There are 173 homes on the market right now compared to 194 last quarter. Average list price of a home for sale in Ocean Shores right now: $221,713 compared to $214,418 last quarter ~ Average of 162 Days on Market. One house took 1592 days to sell. One has been on the market for 3,703 days now (that’s over 10 years!) and no, it’s still not my listing and it still hasn’t sold. There were 42 Homes pending on October 1st ~ Average list price: $201,677 compared to $195,441 at the end of last quarter. On average, sellers got 96.5% of their asking price for all closed sales in 3rd quarter compared to 98.27% in the 2nd quarter.

Quarterly Home Sales
* 91 Homes Sold during 3rd Quarter 2015 ~ Average Sales Price: $166,771 ~ Average of 139 Days on Market. Price Range: $40,000 – $369,000.
* 97 Homes Sold during 2nd Quarter 2015 ~ Average Sales Price: $175,479 ~ Average of 149 Days on Market. Price Range: $30,000 – $464,000.
* 51 Homes Sold during 1st Quarter 2015 ~ Average Sales Price: $143,694 ~ Average of 262 Days on Market. Price Range: $25,000 – $360,000.
* 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.

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 up and should remain up for the next quarter or so. The failed Villages Condos off of Marine View Drive are back on the market – this time called the “Outlook at Oyhut Bay.” These condos are starting to sell to cash buyers only. Condotel sales are still very slow in the downtown core…

2015 Third Quarter Condo Sales

11 condos sold last quarter. 11 more condos are currently pending for an average list price of $157,604. There are 45 condos on the market (45 last quarter too) for an average list price of $124,401 compared to $129,380 last quarter. 4 of the 11 condos sold are from the Outlook at Oyhut Bay that are finally back on the market.
Quarterly Condo Sales

* 11 Condo Sold during 3rd Quarter 2015 ~ Average Sales Price: $137,109 ~ 130 Days on Market. Price Range: $44,500 – $200,000.
* 5 Condo Sold during 2nd Quarter 2015 ~ Average Sales Price: $68,840 ~ 423 Days on Market. Price Range: $24,000 – $110,000.
* 2 Condo Sold during 1st Quarter 2015 ~ Average Sales Price: $140,000 ~ 428 Days on Market. Price Range: $45,000 – $190,000.
* 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.

Ocean Shores Vacant Lot Sales
Vacant land sales and prices are staying consistent with no major jump in prices or sales. Average sold prices went up a little over $600 and the number of sales dropped by just over 5%. Stability is a good thing for this market. There are 69 76 lots listed for $10,000 or less presently compared to 76 last quarter and 89 in the 1st quarter. As this number continues to go down, lot prices will start to rise… There are still a couple hundred or so City-owned foreclosure lots that are available for purchase. If you’d like a list, feel free to send me an email and I’ll send it to you.

2015 Third Quarter Vacant Lot Sales
74 lots sold during 3rd quarter compared to 78 last quarter. 24 of those lots sold for $10,000 or less compared to 23 last quarter…There are 499 (535 last quarter) lots on the market right now for an average list price of $36,410 ($37,354 last quarter). There are 21 lots currently pending compared to 26 at the end of last quarter. It took 259 days to sell a vacant lot compared to 224 days in the last quarter. One lot took 2,140 days to sell…

Quarterly Vacant Lot Sales
* 74 Lots Sold during 3rd Quarter 2015 ~ Average Sales Price: $26,164 ~ Average of 259 Days on Market. Price Range: $5,000 – $200,000.
* 78 Lots Sold during 2nd Quarter 2015 ~ Average Sales Price: $25,529 ~ Average of 224 Days on Market. Price Range: $4,500 – $126,000.
* 61 Lots Sold during 1st Quarter 2015 ~ Average Sales Price: $16,925 ~ Average of 262 Days on Market. Price Range: $3,000 – $80,000.
* 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).

 

cityofoceanshores.com Update
www.cityofoceanshores.com is updated and a sweet website to assist you in buying, selling and enjoying Ocean Shores. There are some new updates that I’ve made. 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

 

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)
 

This message (including attachments 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 unless you have written permission from the author. All real estate data is taken from the NWMLS.com website.

Ocean Shores Real Estate Report ~ 2nd Quarter 2015‏

Capture

Greetings from the beach…
This has been the best 2nd quarter for residential home sales ever in Ocean Shores! During the same time period compared to last year, sales increased 36% and average sales prices increased nearly 21%! Additionally, last year there were 255 homes on the market at this time, while there are only 194 on the market right now. That’s a inventory decrease of 24%. Last year, there were 32 homes pending on July 1st. This year on the same date, there were 55 homes pending which is an increase of pending sales by 72%. Lastly, it took 285 days to sell a home in 2nd quarter last year compared to only 149 days this past quarter. That’s almost half the time! Just how big has 2nd quarter 2015 been for Ocean Shores home sales? BIG! REAL BIG. Let’s look back over the past eleven years.

* 97 Homes sold ~ 2nd Quarter 2015 ~ Average Sales Price: $175,479.
* 63 Homes sold ~ 2nd Quarter 2014 ~ Average Sales Price: $145,274.
* 40 Homes sold ~ 2nd Quarter 2013 ~ Average Sales Price: $151,000.
* 50 Homes sold ~ 2nd Quarter 2012 ~ Average Sales Price: $126,399.
* 32 Homes sold ~ 2nd Quarter 2011 ~ Average Sales Price: $140,180.
* 65 Homes sold ~ 2nd Quarter 2010 ~ Average Sales Price: $145,274.
* 49 Homes sold ~ 2nd Quarter 2009 ~ Average Sales Price: $179,320.
* 56 Homes sold ~ 2nd Quarter 2008 ~ Average Sales Price: $206,821.
* 69 Homes sold ~ 2nd Quarter 2007 ~ Average Sales Price: $212,936.
* 67 Homes sold ~ 2nd Quarter 2006 ~ Average Sales Price: $208,812.
* 67 Homes sold ~ 2nd Quarter 2005 ~ Average Sales Price: $185,652.

What is my home worth

Ocean Shores Residential Sales
Ninety-seven homes sold during 2nd quarter for an average price of $175,479 compared to 51 sales and an average price of $143,694 last quarter. If inventory continues to remain low or even goes lower, prices are going to continue to rise.

2015 Second Quarter Home Sales
The average home that sold last quarter in Ocean Shores was 1,489 square feet and took 149 days to sell compared to 1,476 square feet and 262 days in 1st quarter. Ten of the 97 homes that sold were bank-owned or 9.7% compared to 21% last quarter. Only five of the 194 homes on the market today are foreclosures or 2.5%. This drop is huge. The Foreclosure nightmare that has plagued Ocean Shores home sales is over. There are 194 homes on the market right now… There were 255 homes on the market last year at this time. Average list price of a home for sale in Ocean Shores right now: $214,418 compared to $213,097 last quarter ~ Average of 145 Days on Market. One house took 996 days to sell. One has been on the market for 3,618 days now (that’s 10 years!) and no, it’s still not my listing and it still hasn’t sold. There were 55 Homes pending on July 1st. ~ Average list price: $195,441 compared to only $180,709 at the end of last quarter. On average, sellers got 98.27% of their asking price for all closed sales in 2nd quarter 2015.

Quarterly Home Sales
* 97 Homes Sold during 2nd Quarter 2015 ~ Average Sales Price: $175,479 ~ Average of 149 Days on Market. Price Range: $30,000 – $464,000.
* 51 Homes Sold during 1st Quarter 2015 ~ Average Sales Price: $143,694 ~ Average of 262 Days on Market. Price Range: $25,000 – $360,000.
* 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.

 filename_02

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 about average again this year, but prices tend to be down as only the real inexpensive condos are selling. Houses and lot sales are trending upward, but condo sales are likely going to remain flat. Hopefully with the nicer weather and summer being here, more of the nicer waterfront condos will start to sell.

2015 Second Quarter Condo Sales
Five condos sold last quarter. All were very affordable downtown condos except for one condo on the canal. The best news is that five condos are currently pending for an average list price of $131,380. Two condos were pending at the end of 1st quarter for an average list price of $75,000. There are 45 condos on the market (36 last quarter) for an average list price of $129,380 compared to $113,528 last quarter.

Quarterly Condo Sales
* 5 Condo Sold during 2nd Quarter 2015 ~ Average Sales Price: $68,840 ~ 423 Days on Market. Price Range: $24,000 – $110,000.
* 2 Condo Sold during 1st Quarter 2015 ~ Average Sales Price: $140,000 ~ 428 Days on Market. Price Range: $45,000 – $190,000.
* 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.

JeffDaniel.EmailBanner

Ocean Shores Vacant Lot Sales
Vacant land sales increased nearly 28% from last quarter. Prices jumped nearly 51%! If you’d like a list of city-owned foreclosure lots, feel free to send me an email and I’ll send you the list. There are 76 lots listed for $10,000 or less presently compared to 89 last quarter. As this number continues to go down, lot prices will start to rise…

2015 Second Quarter Vacant Lot Sales
Seventy-eight lots sold during 2nd quarter. Twenty-three of those lots sold for $10,000 or less… There are 535 (528 last quarter) lots on the market right now for an average list price of $37,354 ($35,657 last quarter). There are 26 lots currently pending compared to 22 at the end of 1st quarter. It took 224 days to sell a vacant lot compared to 262 days in the 1st quarter. One lot took 2,140 days to sell…

Quarterly Vacant Lot Sales
* 78 Lots Sold during 2nd Quarter 2015 ~ Average Sales Price: $25,529 ~ Average of 224 Days on Market. Price Range: $4,500 – $126,000.
* 61 Lots Sold during 1st Quarter 2015 ~ Average Sales Price: $16,925 ~ Average of 262 Days on Market. Price Range: $3,000 – $80,000.
* 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).

When it's time to sell or buy

cityofoceanshores.com Update
www.cityofoceanshores.com is updated and a sweet website to assist you in buying, selling and enjoying Ocean Shores. There are some new updates that I’ve made. 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.
filename_01

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)
 

This message (including attachments 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 unless you have written permission from the author. All real estate data is taken from the NWMLS.com website.

Ocean Shores Real Estate Report ~ 1st Quarter 2015‏

CaptureGreetings from the beach…
First Quarter real estate sales are solid and improving.. The big news is that our home inventory is down over 20% from last year at the same time and the number of pending sales have more than doubled since last quarter. Sales are heating up and only getting better.About OS

Ocean Shores Residential Sales
Fifty-one homes sold during 1st quarter for an average price of $143,694 compared to 54 sales and an average price of $170,990 during 4th quarter last year. While our first quarter numbers aren’t exactly uplifting for sales and average sales prices, it’s our low inventory and the number of pending sales that has sellers getting excited. If inventory continues to remain low, our listing prices will increase. And, as buyers feel like their options are more limited, they’re going to be more inclined to make an offer sooner than later or they’ll likely either pay more or be priced out of the market before they know it.

2015 First Quarter Home Sales
The average home that sold last quarter in Ocean Shores was 1,476 square feet and took 262 days to sell compared to 1,438 square feet and 229 days in 2014. Eleven of the 51 homes that sold were bank-owned or 21%. There are only 175 homes on the market right now and 11 of those are pre-sales meaning that they don’t actually exist and most likely never will… At the end of last quarter, there were 184 homes on the market. Last year at this time, there were 217 homes on the market. Only 10 houses out of the 175 are bank-owned. Inventory is down. Average list price of a home for sale in Ocean Shores right now: $213,097 (it was $206,775 last quarter) ~ Average of 179 Days on Market. One has been on the market for 3,527 days now (or 10 years!) and no, it’s still not my listing. There were 62 Homes pending on April 1st and that’s the biggest news I have to share. There were only 23 homes pending at the end of last quarter. ~ Average list price: $180,709 compared to only $150,48 at the end of last quarter.

Quarterly Home Sales
* 51 Homes Sold during 1st Quarter 2015 ~ Average Sales Price: $143,694 ~ Average of 262 Days on Market. Price Range: $25,000 – $360,000.
* 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.

filename_02

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 off to a slow start this year. Houses and lot sales are trending upward, but condo sales are likely going to remain flat. 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 decent Ocean View/Ocean Front condos available. Most of the available condos on the market right now are “condotels” – such as the Canterbury, Grey Gull and the Polynesian.

First Quarter Condo Sales
Only two condos sold last quarter. One was a nice Ocean Front for $190,000 and the other was an older condo in downtown for $45,000. There are 36 condos on the market (29 last quarter) for an average list price of $113,528 (compared to $114,882 last quarter). Two condos are currently pending – one for $30,000 and one for $120,000.

Quarterly Condo Sales
* 2 Condo Sold during 1st Quarter 2015 ~ Average Sales Price: $140,000 ~ 428 Days on Market. Price Range: $45,000 – $190,000.
* 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.

JeffDaniel.EmailBannerOcean Shores Vacant Lot Sales
Vacant land sales increased over 41% this past quarter. Inventory is down a little bit, but should increase because of a new batch of city-owned foreclosure lots that will hit the market right before summer. If you’d like a list of city-owned foreclosure lots, feel free to send me an email and I’ll send you the list. There are 89 (89 last quarter too) lots listed for $10,000 or less presently…
First Quarter Vacant Lot Sales
Sixty-one lots sold during 1st quarter. Twenty seven of those lots sold for $10,000 or less… There are 528 (541 last quarter) lots on the market right now for an average list price of $35,657 ($39,202 last quarter). There are 22 (12 at the end of last quarter) lots currently pending for an average list price of $19,000. It took 262 days to sell a vacant lot compared to 296 days in the 4th quarter. One lot took 2,102 days to sell…

Quarterly Vacant Lot Sales
* 61 Lots Sold during 1st Quarter 2015 ~ Average Sales Price: $16,925 ~ Average of 262 Days on Market. Price Range: $3,000 – $80,000.
* 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.

1st Quarter Ocean ShorWhen it's time to sell or buyes Real Estate Brokerage Sales (Homes & Land actual sales)
John L. Scott – 35%
Windermere – 19%
Laurie Christian – 10%
North Beach – 8%
Coldwell Banker – 4%
Premier Realty – 3%

cityofoceanshores.com Update
www.cityofoceanshores.com is updated and a sweet website to assist you in buying, selling and enjoying Ocean Shores. 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.

filename_01

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)
 

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.

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.

 About OS

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.

 filename_02

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

 filename_01
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)
 

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.

Ocean Shores Real Estate ~ Third Quarter 2014 Review

Ocean Shores Real Estate ~ Third Quarter 2014 Review

 Capture

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…

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 Sales
Lot 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.

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.

filename_01

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: 360.581.9020
711 Point Brown Ave NW
Ocean Shores, WA 98569
360.289.2454 (fax)

Ocean Shores Real Estate ~ Second Quarter 2014 Review

Ocean Shores Real Estate ~ Second Quarter 2014 Review

Image

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.

 Image

Ocean Shores Residential Sales
Ocean 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 Sales
Four 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 Sales
Vacant 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!

Image

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: 360.581.9020
711 Point Brown Ave NW
Ocean Shores, WA 98569
360.289.2454 (fax)

Ocean Shores Real Estate ~ First Quarter 2014 Review

 

 Image

Greetings from the beach…
2014 is off to a great start following last year – which was the first “up” year that we’ve seen out here in a long time. Home sales are up as well as average prices. Same goes with vacant lots. Even commercial sales are going well. The real estate market here is getting better, but we’ve still got a long way to go before I’ll call it good.

  
 Image

Ocean Shores Residential Sales
The Ocean Shores residential real estate market increased over 36% from 1st quarter 2014 versus the same quarter in 2013. That’s awesome news. 52 homes sold compared to only 38 in 2013. This has been the strongest 1st quarter that we’ve seen at the beach in a long time. Home prices increased a little over 5.6% this past quarter as well from the previous quarter in 2013. The average home sale was $156,384. The most expensive home to sell so far this year was $385,000 which was a very nice, newer bay front home. Home inventory is down over 16% from last year which is also very good news. Just over 13% of our home sales were foreclosures this past quarter compared to 18% in 2013. This number should be in the single digits next quarter as there are only 21 foreclosures on the market today in Ocean Shores.
2014 Home Sales (so far)
The average home that sold during 1st quarter in Ocean Shores was 1,498 square feet and took 241 days to sell compared to 1,475 square feet and 242 days in 2013. There are only 217 homes on the market right now compared to 259 at this time last year. This is an inventory decline of over 16% ~ Average list price: $210,447 ~ Average of 274 days on market. One has been for sale for 3,165 days now (that’s almost 9 years for this same house that’s in this report every quarter…) – not my listing… There were 35 Homes pending on April 1st compared to 27 on January 1st, 2014.
2014 Quarterly Home Sales
* 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.
* 38 Homes Sold during 1st Quarter 2013 ~ Average Sales Price $148,002 ~ Average of 316 Days on Market. Price Range: $25,000 – $385,000.

  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 Sales
Four 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 (so far)
The average condo that sold last quarter in Ocean Shores was 807 square feet and took 161 days to sell. One of the four sold was a foreclosure. There are only 27 condos on the market (29 last year at this time) for an average list price of $102,098 (compared to $92,755 last year). One condo is currently pending and listed at $125,000.

2014 Quarterly Condo Sales
* 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.
* 5 Condos Sold during 1st Quarter 2013 ~ Average Sales Price: $104,580 ~ Average of 357 Days on Market. Price Range: $27,900 – $185,000.

 

 

Ocean Shores Vacant Lot Sales
Vacant land sales increased a bit this past quarter compared to the same quarter in 2013. The number of sales increased from 29 to 35 (increase of 20%) this year while the average price went up just a few hundred dollars. Sixteen of the 35 lots sold were sold for $10,000 or less. There are only 61 (64 last year) lots listed for $10,000 or less currently…
2014 Vacant Lot Sales (so far)
There are 440 (441 last year) lots on the market right now for an average list price of $48,171 ($44,946 last year). There are 14 (16 last year) lots currently pending. It took 367 days to sell a vacant lot compared to 313 days in 2013.

2014 Quarterly Vacant Lot Sales
* 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.
* 29 Lots Sold during 1st Quarter 2013 ~ Average Sales Price: $22,266 ~ Average of 312 Days on Market. Price Range: $5,500 – $63,500.

Image

cityofoceanshores.com Update
www.cityofoceanshores.com has been completely overhauled, update and is pretty cool. Please check it out. Thank you!

Image

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: 360.581.9020
711 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.