Ocean Shores Real Estate Report ~ 3rd Quarter 2017

Greetings from the beach…
This has been the best (most home sales and highest average home prices) quarter for residential home sales in the history of real estate sales in Ocean Shores. Third quarter real estate sales are still up! Home sales increased from 113 sales during 2nd quarter to 114 during third quarter. Average home prices are at their highest quarterly level in the history of Ocean Shores homes sales. Home sales peaked at $205,838 during 1st quarter 2006. The average home that sold last quarter was $217,825 compared to $201,838 during the second quarter of this year. Houses are selling at the beach and prices are at an all time high! Home inventory has increased slightly as a lot of our home sellers are taking advantage of higher prices and sales at this time. If you’re looking to buy, now is the time.

Ocean Shores Residential Sales
114 homes sold during 3rd quarter 2017 for an average price of $217,825 compared to 113 sales and an average price of $201,838 last quarter.
2017 Third Quarter Home Sales
The average home that sold last quarter in Ocean Shores was 1,458 square feet and took 73 days to sell. Only five of the 114 homes that sold were bank-owned. There are only 142 Homes on the market compared to 139 at the end of last quarter. Only three of those are bank-owned. Average list price of a home for sale in Ocean Shores right now is $245,002 compared to $259,418 last quarter ~ Average of 116 Days on Market. One has been on the market for 3.082 days now (not a John L. Scott listing). There were 76 Homes pending on October 1st compared to 60 homes pending at the end of 2nd quarter showing signs that 4th quarter is going to be just as solid as the previous two quarters if not a little bettetr. The average list price of pending home right now is $261,617 compared to an average list price of $218,005 at the end of last quarter. 2017 will end as the best year for residential sales and the highest average home prices in the history of Ocean Shores.
Quarterly Home Sales
* 114 Homes Sold during 3rd Quarter 2017 ~ Average Sales Price: $217,825 ~ Average of 73 Days on Market. Price Range: $31,000 – $518,000.
* 113 Homes Sold during 2nd Quarter 2017 ~ Average Sales Price: $201,838 ~ Average of 91 Days on Market. Price Range: $24,999 – $435,000.
* 60 Homes Sold during 1st Quarter 2017 ~ Average Sales Price: $188,037~ Average of 116 Days on Market. Price Range: $19,500 – $497,600.
* 75 Homes Sold during 4th Quarter 2016 ~ Average Sales Price: $204,966 ~ Average of 115 Days on Market. Price Range: $20,000 – $425,000.
* 99 Homes Sold during 3rd Quarter 2016 ~ Average Sales Price: $176,603 ~ Average of 104 Days on Market. Price Range: $34,000 – $450,000.

http://cityofoceanshores.com is now online with a brand new look & design. Check it out!
http://cityofoceanshores.com/

 

 

 

 

 

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 solid. Average sales prices are still going up…
2017 Third Quarter Condo Sales
The average condo that sold last quarter in Ocean Shores was 836 square feet and took 94 days to sell. None of those condos were bank-owned. There are only 42 Condos on the market right now compared to 44 last quarter. Sixteen of those are condotels. No condos on the market today are bank-owned. Average list price of a Condo for sale in Ocean Shores right now is $162,557 ~ Average of 212 Days on Market. One has been on the market for 1,250 days now (not my listing). There were 8 Condos pending on October 1st for an average list price of $136,338.
Quarterly Condo Sales
* 15 Condos Sold during 3rd Quarter 2017 ~ Average Sales Price: $135,847 ~ 94 Days on Market. Price Range: $17,500 – $252,000.
* 16 Condos Sold during 2nd Quarter 2017 ~ Average Sales Price: $128,890 ~ 134 Days on Market. Price Range: $46,000 – $245,000.
* 10 Condos Sold during 1st Quarter 2017 ~ Average Sales Price: $129,450 ~ 120 Days on Market. Price Range: $45,000 – $230,000.
* 8 Condos Sold during 4th Quarter 2016 ~ Average Sales Price: $130,988 ~ 78 Days on Market. Price Range: $25,000 – $252,000.
* 14 Condos Sold during 3rd Quarter 2016 ~ Average Sales Price: $127,446 ~ 145 Days on Market. Price Range: $45,000 – $240,000.

Ocean Shores Vacant Lot Sales
Lot sales are way up! Inventory is declining and cheap lots are going away.
2017 Third Quarter Vacant Lot Sales
112 lots sold during 3rd quarter. Twenty two of those sold for $10,000 or less. There are 435 (472 last quarter) lots on the market right now for an average list price of $31,738. Fifteen of those lots are listed for $10,000 or less compared to 25 lots at the end of last quarter. There are 24 lots currently pending for an average list price of $33,125 compared to 35 lots pending at the end of last quarter. It took 201 days to sell a vacant lot last quarter. One lot took 3,663 days to sell…
Quarterly Vacant Lot Sales
* 112 Lots Sold during 3rd Quarter 2017 ~ Average Sales Price: $23,125 ~ Average of 201 Days on Market. Price Range: $4,450 – $110,000.
* 104 Lots Sold during 2nd Quarter 2017 ~ Average Sales Price: $32,450 ~ Average of 237 Days on Market. Price Range: $3,300 – $700,000.
* 61 Lots Sold during 1st Quarter 2017 ~ Average Sales Price: $26,917 ~ Average of 266 Days on Market. Price Range: $5,000 – $216,000.
* 58 Lots Sold during 4th Quarter 2016 ~ Average Sales Price: $20,010 ~ Average of 229 Days on Market. Price Range: $4,700 – $71,500.
* 87 Lots Sold during 3rd Quarter 2016 ~ Average Sales Price: $26,520 ~ Average of 228 Days on Market. Price Range: $6,000 – $97,000.

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.

Advertisements

Ocean Shores Real Estate Report ~ 2nd Quarter 2017

http://cityofoceanshores.com is now online with a brand-new look & design. Check it out!

Greetings from the beach…
This has been the best (most sales) quarter for residential home sales in the history of real estate sales in Ocean Shores. Second quarter real estate sales are way up! Home sales increased 88% from 1st quarter to 2nd quarter. Average home prices are up over 7% for the same time frame. Houses are selling faster than ever. Home inventory is down over 20% from the same quarter last year and prices are still going up. Lot sales are way up too. If you’re looking to buy, it’s time to get off that fence.


Ocean Shores Residential Sales
113 homes sold during 2nd quarter 2017 for an average price of $201,838 compared to 91 sales and an average price of $178,928 during the same quarter last year.

2017 Second Quarter Home Sales
The average home that sold last quarter in Ocean Shores was 1,457 square feet and took 91 days to sell. Only five of the 113 homes that sold were bank-owned. Average sales price of a bank-owned home was just over $120,710 compared to $201,838 on average. There are only 139 Homes on the market compared to 174 last year now. Only two of those are bank-owned. Average list price of a home for sale in Ocean Shores right now is $259,418 compared to $240,776 last quarter or an increase of just over 7% ~ Average of 110 Days on Market. One has been on the market for 2,899 days now (not a John L. Scott listing). There were 60 Homes pending on July 1st for an average list price of $218,005 compared to an average list price of $210,684 at the end of last quarter. Third quarter home sales should be just as excellent as this past quarter if not better.

Quarterly Home Sales
* 113 Homes Sold during 2nd Quarter 2017 ~ Average Sales Price: $201,838 ~ Average of 91 Days on Market. Price Range: $24,999 – $435,000.
* 60 Homes Sold during 1st Quarter 2017 ~ Average Sales Price: $188,037~ Average of 116 Days on Market. Price Range: $19,500 – $497,600.
* 75 Homes Sold during 4th Quarter 2016 ~ Average Sales Price: $204,966 ~ Average of 115 Days on Market. Price Range: $20,000 – $425,000.
* 99 Homes Sold during 3rd Quarter 2016 ~ Average Sales Price: $176,603 ~ Average of 104 Days on Market. Price Range: $34,000 – $450,000.
* 91 Homes Sold during 2nd Quarter 2016 ~ Average Sales Price: $178,928 ~ Average of 99 Days on Market. Price Range: $22,000 – $360,000.

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
Condo sales are solid. Average sales prices are going up…

 

 

2017 Second Quarter Condo Sales
The average condo that sold last quarter in Ocean Shores was 848 square feet and took 134 days to sell. None of those condos were bank-owned. There are only 44 Condos on the market right now compared to 43 last year now. Eighteen of those are condotels. No condos on the market today are bank-owned. Average list price of a Condo for sale in Ocean Shores right now is $151,694 ~ Average of 192 Days on Market. One has been on the market for 1,161 days now (not my listing). There were 8 Condos pending on July 1st for an average list price of $203,719. Average Condo prices are going to jump big time next quarter.

Quarterly Condo Sales
* 16 Condos Sold during 2nd Quarter 2017 ~ Average Sales Price: $128,890 ~ 134 Days on Market. Price Range: $46,000 – $245,000.
* 10 Condos Sold during 1st Quarter 2017 ~ Average Sales Price: $129,450 ~ 120 Days on Market. Price Range: $45,000 – $230,000.
* 8 Condos Sold during 4th Quarter 2016 ~ Average Sales Price: $130,988 ~ 78 Days on Market. Price Range: $25,000 – $252,000.

* 14 Condos Sold during 3rd Quarter 2016 ~ Average Sales Price: $127,446 ~ 145 Days on Market. Price Range: $45,000 – $240,000.

* 19 Condos Sold during 2nd Quarter 2016 ~ Average Sales Price: $124,279 ~ 74 Days on Market. Price Range: $38,000 – $218,000.

Ocean Shores Vacant Lot Sales
Lot sales are way up! Prices are up as well. Inventory is still high.

2017 Second Quarter Vacant Lot Sales
104 lots sold during 2nd quarter. Twenty-two of those sold for $10,000 or less. There are 472 (463 last quarter) lots on the market right now for an average list price of $30,166. Twenty-five of those lots are listed for $10,000 or less compared to 29 lots at the end of last quarter. There are 35 lots currently pending for an average list price of $21,266 compared to 25 lots pending at the end of last quarter. It took 237 days to sell a vacant lot last quarter. One lot took 3,813 days to sell…

Quarterly Vacant Lot Sales
* 104 Lots Sold during 2nd Quarter 2017 ~ Average Sales Price: $32,450 ~ Average of 237 Days on Market. Price Range: $3,300 – $700,000.
* 61 Lots Sold during 1st Quarter 2017 ~ Average Sales Price: $26,917 ~ Average of 266 Days on Market. Price Range: $5,000 – $216,000.
* 58 Lots Sold during 4th Quarter 2016 ~ Average Sales Price: $20,010 ~ Average of 229 Days on Market. Price Range: $4,700 – $71,500.
* 87 Lots Sold during 3rd Quarter 2016 ~ Average Sales Price: $26,520 ~ Average of 228 Days on Market. Price Range: $6,000 – $97,000.
* 76 Lots Sold during 2nd Quarter 2016 ~ Average Sales Price: $19,520 ~ Average of 272 Days on Market. Price Range: $6,000 – $85,000.
* 55 Lots Sold during 1st Quarter 2016 ~ Average Sales Price: $22,353 ~ Average of 261 Days on Market. Price Range: $5,000 – $125,000.

 

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.

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.