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cityofoceanshores.com Update 7.15.07

The weather in the past few weeks has been gorgeous out here on the beach. Numerous days saw some beachgoers in bikinis, folks lying around enjoying the sun, people and dogs playing in the surf and dozens of surfers out enjoying the waves. It truly has been a nice summer so far.

Real Estate Update
* 2nd Quarter Stats for Ocean Shores (Source: NWMLS)
Real Estate Sales in Ocean Shores for second quarter are holding steady. In short terms, the number of sales or transactions is about the same, but the average sold prices are up. Here are some comparisons for 2nd quarter '07 vs. second quarter '06:

* 72 Houses Sold 2nd quarter '06 at an average sales price of $206,665 vs. 69 Houses sold in '07 at an average sales price of $211,986.
* 9 Condos Sold 2nd quarter '06 at an average sales price of $150,187 vs. 15 Condos sold in '07 at an average sales price of $214,160.
* 106 Vacant Lots Sold 2nd quarter '06 at an average sales price of $56,196 vs. 101 Lots sold in '07 at an average sales price of $51,817.* Currently there are 747 Vacant Lots on the market ranging from $19,900 to $1,300,000. The median listing price is $49,000.
* Currently, there are 287 Homes on the market ranging from $44,900 to $1,800,000. The median listing price is $239,900.
* There are 71 Condos on the market ranging from $8,000 (timeshare) to $499,000. The median listing price is $274,900.

* Dreamscape Condos Almost Sold Out!
Located at the Southern tip of Ocean Shores, these units include two or three bedrooms, 2 baths, kitchens featuring maple cabinets, tile floors and granite counters, living rooms with a fireplace and separate dining area with private decks. Perfect for a company retreat or multi-family uses. Watch ships, whales, and fishing boats from the comforts of your own private getaway. All units have fantastic views! Seconds from pristine beaches and beach combing. Prices range from $259,000 to $399,000. Don't wait until they're all sold out! Dreamscape Condos are being offered at these low prices from the builder direct. More info HERE.

* Two New Condo Projects Underway!
Two different developers are investing tens of millions of dollars in Ocean Shores. The first development is located off of Marine View Drive in the southern end of town featuring 650 condos which are exclusive to individuals 55 years and older. This project will included a private clubhouse, retail store, swimming pools and a putting green. The buildings are four stories high and will feature elevators. The other new development being planned is a 190 unit development near the downtown core of Ocean Shores called "The Cottages at Ocean Shores" and will feature it's own clubhouse and swimming pool as well. Units start at $104,900 and they're being sold now before construction begins. Units can be reserved with a $500 refundable deposit. Click "HERE" for more info.

* Coldwell Banker Ocean Beach Properties Top Office on the Beach! (Source: NWMLS)
Congratulations to all the agents, the owners and employees at Coldwell Banker Ocean Beach Properties for moving into first position as the top office in Ocean Shores for 2nd quarter 2007. Coldwell Banker leads all brokerages in town with the most listings (359), the most office listings sold (53 - total sales was 102 sales for 2nd quarter compared to 50 for 1st quarter), the most current pending transaction (21) and the most agents (24). Happy me!

Upcoming Events
* Sun & Surf Run
July 27-29th
Over 2000 motorcycles gathering at the Convention Center. Enjoy bonfires, fireworks, live music, raffles, barbecues, motorcycle parades, stunt riders, vendors and more. This is a crazy weekend for Ocean Shores and a must see! http://sunandsurfevent.com/

News
* This past 4th of July on the beach was as exciting as ever. Some individuals lacking common sense launched some of their personal fireworks into the grass dunes setting off multiple fires burning nearly 20 acres. The Ocean Shores Fire Department responded in preventing any personal property loss or damage. They did a great job. Not to worry, the dune grass should be back to green within the year.

* If you haven't been down to the southern part of town near the Jetty, you need to visit soon and check out the new roads. It's a real treat to be able to drive down there without driving through multiple potholes, etc. On a quick note, it's my observation that vacant lot values in the jetty area are creeping up higher because of the new asphalt. When property buyers see the community reinvesting in its infrastructure, they know things are on the rise and the community is moving forward. New roads are great and worth every penny.

* The Ocean Shores Parks Board is currently developing a new master plan for the renovation of the North Bay Park to include changes to the baseball/soccer fields, a new restroom facility, relocating the playground area and the creation of a new skate park. The master plan should be completed by September.

Jeff Daniel
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW, Ocean Shores, WA 985691.
360.581.9020 (cell) - 1.888.469.3100 (toll free)
1.360.289.3111 (fax) - 1.360.289.3100 (office)
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Preapproved or Prequalified: What's the Difference?

Preapproved or Prequalified: What's the Difference?
Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it's smart to urge buyers to become preapproved by their lender – not just prequalified.

For a buyer to obtain a bona fide preapproval, he must submit a loan application with the necessary documentation and fee. After the lender verifies and analyzes the application, it will notify the applicant of how much money he can afford to borrow. Armed with that information, the buyer can confidently go home shopping.

Prequalifications are simply an estimate of what a buyer can afford. A buyer who assumes that this estimate is accurate and chooses a home based on the information may, in fact, be denied a loan when he actually applies, a situation that wastes his time and can put a seller in an a bad position if they've already turned away a qualified buyer. And, of course it wastes the real estate practitioner's time as well.

Source: Kiplinger’s Personal Finance Magazine (08/01/2007)
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cityofoceanshores.com Update

Hey everyone, summer is finally here at the beach and that means the tourist season is on! Have fun and be safe!

Real Estate Update
* Property Values on the Rise at the Beach
Real Estate Sales are holding strong showing an almost 10% gain in sales for April/May '07 versus the same time period in '06 in Ocean Shores. Average home sales price is $219,405 vs. $202,119 for 2006. Average Condo price is $229,840 vs. $164,500 in 2006. As you can see, property values at the beach are still climbing.

* Dreamscape Condos are Selling like Hotcakes!

Located at the Southern tip of Ocean Shores, these units include two or three bedrooms, 2 baths, kitchens featuring maple cabinets, tile floors and granite counters, living rooms with a fireplace and separate dining area with private decks. Perfect for a company retreat or multi-family uses. Watch ships, whales, and fishing boats from the comforts of your own private getaway. All units have fantastic views! Seconds from pristine beaches and beach combing. Prices range from $239,000 to $399,000. Don't wait until they're all sold out! Dreamscape Condos are being offered at these low prices from the builder direct.

Upcoming Events
* Flag Day Parade & Dance at Ocean Shores - June 16th
Spend a fun-filled day in Ocean Shores. Saturday morning, June 16th at 11:00 a.m., watch over 50 floats and entries honoring Old Glory in one of the only Flag Day Parades in Western Washington. Saturday evening from 7:00 pm until 11:00 pm, attend the Flag Day Dance, "Stars & Stripes", at the Ocean Shores Convention Center.
* The Five Star Dealerships Sand & Sawdust Festival - June 22nd-24th
Castles! Mermaids! Pelicans! Bears! The fun starts Friday, June 22nd and runs through Sunday, June, 24th. Admission is free. Come to the beach to watch Master, Intermediate, and Novice Sand Sculpting teams compete for over $5,000.00 in cash prizes. JOIN IN!!! Register a team of your family and friends in the Family Division and vie for hundreds of dollars in gift certificates and merchandise donated by the business community of Ocean Shores.
* 4th Annual Ocean Shores Independence Day Picnic & Fire O'er the Water - July 3rd/4th
The business community of Ocean Shores is sponsoring the 3rd annual Ocean Shores Independence Day Picnic on Tuesday, July 3, 2007 at North Bay Park. Picnic Hours are from 10 a.m. to 4 p.m. Admission is free!! If you haven't been in Ocean Shores on the 4th of July, you're missing out. Come join with tens of thousands of people plus the Quinault Tribe in setting off fireworks all day and night long.
* Big Weekend Triathlon & Footfest - July 7th
Triathletes compete. Open water swimming in Duck Lake. Biking on the city streets of Ocean Shores peninsula. Running on ocean beach and city streets. Sponsored by http://www.trifreak.com/

News
* The city's attempt at getting rid of all the weeds in the lakes and canals has worked! Paddlers, boaters, fishermen and swimmers are all able to get around now without getting tangled up in the weeds. Dogs too! Great news!

* The city is moving forward to move part of the city's golf course to the Weatherwax property to finance much-needed city facilities. The city is hoping to build a new fire and police station, permit center, library and cultural center. These facilities will be financed by selling city-owned property vacated by moving golf holes and a small chunk of the Weatherwax itself and will not be an extra burden to taxpayers.

* If you've been involved with selling or purchasing property in Ocean Shores or anywhere in Grays Harbor County recently, you know prices have definitely gone up over the past few years. Just recently, property owners in Ocean Shores just received their new revaluation statements. More info HERE.


Jeff Daniel
Designated Broker
Coldwell Banker Ocean Beach Properties749 Point Brown Ave NW, Ocean Shores, WA 985691.
360.581.9020 (cell)
1.888.469.3100 (toll free)
1.360.289.3111 (fax)
1.360.289.3100 (office)
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New Home Sales Surge in April


New Home Sales Surge in April

Sales of new single-family homes jumped 16.2 percent in April, the largest increase in 14 years, but the median price fell 11.1 percent, marking the largest one-month decline on record, according to the Commerce Department.

Analysts regarded the mixed signals cautiously, saying that troubles in the subprime market could further crimp demand in coming months.

''What you're seeing is the blue-light special,'' says Pat McPherron, an economist with Moody's Economy.com. ''The only way this market is going to move is by price cutting.''

The strength in new-home sales was led by a 27.8 percent increase in the South. Sales were also up in the West by 8.5 percent and in the Northeast by 3.8 percent. In the Midwest, sales fell 4 percent. Meanwhile, April's median new-home price of $229,100 made the record books as the largest-ever month-over-month decline, as well as the biggest year-over-year drop (10.9 percent) since 1970.

Source: The New York Times (05/25/07)
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Dreamscape Condos

Luxurious Condominiums:
Located at the Southern tip of Ocean Shores, these units include two or three bedrooms, 2 baths, kitchens featuring maple cabinets, tile floors and granite counters; living rooms with a fireplace and separate dining area with private decks. Perfect for a company retreat or multi-family uses. Watch ships, whales, and fishing boats from the comforts of your own private getaway. Seconds from pristine beaches and beach combing. Prices range from $259,000 to $399,000. Don't wait until they're all sold out! These condos are being offered at these low prices from the builder direct! Isn't it time to "Live Your Dream?"

Spectacular Views:
The lights of Westport
Abundant Wildlife
Whale Watching from your deck
Storm watching from your Greatroom or from your large covered private deck
Ship traffic in the harbor
A variety of birds for the bird watchers

Extras:
Large covered private decks
Elevator Stack washer/dryer
Garages with automatic doors available first come basis ($25,000.00)
Large Storage Units for Condos on ground level w/access from elevator
Wired throughout for Cable TV and High Speed Internet
Central Hot Water System Glass railings on decks
And of course: VIEWS TO DIE FOR

Each Unit Offers:
Tile floors in entry, kitchen & baths
Carpeting in other areas
2 Bedrooms / 2 Baths
Master Bedroom
Master Bath with Jacuzzi jetted tub with granite tub surround
Both baths have granite countertops with undermounted sinks
A Greatroom with electric fireplace and unbelievable views
Dining area with water views
Deluxe Kitchen with stainless steel appliances & granite counters/island
Central constant hot water Stack washer/dryer

Kitchens Include:
Granite counter tops
Granite Island with eating bar
Stainless steel appliances
Garbage disposal
Side by side
Refrigerator with water & ice on door
Microwave Dishwasher Range/stove combo
Generous counterspace and storage cabinets.

For more information including pricing, floor plans, furniture options, etc., call Jeff Daniel at 360.581.9020 or send an email by clicking HERE. Don't wait too long, the owners are talking about raising prices this summer!

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Land is the Basis of all Wealth

Purchasing land can be one of the most sound investment real estate strategies available today and is a viable opportunity for both large and small real estate buyers.


Some of possible benefits that can be obtained with Tenants-in-Common (TIC) ownership in undeveloped land include:
* A chance to own land for smaller investment amounts - as low as $22,000
* Strong appreciation potential
* Opportunity for better overall yield
* Ground floor opportunity
* Portfolio diversification
* Simple management
* Pride of ownership in a tangible asset


The Ocean Shores and North Beach areas are blossoming into one of the finest areas in all of the Northwest. Property values have quadrupled in the past 4 years out here on the beach and prices are still going up. Don't wait until properties are unattainable. Buy now!


Jeff Daniel/Coldwell Banker Ocean Beach Properties
360.581.9020 (cell)
1.888.469.3100 (toll free)


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