discoverycoastrealestate.com » Long Beach Peninsula

Market Report – Good and Bad

Cheri Diehl — Wed, 08 Feb 2012 20:06:52 +0000

After a strong December, January was a bit of a disappointment. I have to admit that even my optimism has dipped a bit. This in spite of a short but sunny visit to Arizona! But Spring is near, the weather has been better than tolerable and it’s tough to keep me down! On the upside, mortgage rates are staying lower than expected (READ) and overall inventory is going down. Market times seem to be a little bit shorter.

In the January NWMLS report it states: “Inventory is down almost 20 percent from a year ago. Brokers added 6,666 new listings to inventory during January, with single family homes making up about 85 percent of those additions. At month end, MLS members reported 26,226 total active listings; a year ago, there were 32,647 active listings. Despite the smaller selection, the price choices overall are wide ranging, from a low of $13,000 for a manufactured home in Sultan to an asking price of $26.8 million for a waterfront home on Mercer Island.”

An interesting quote from a Northwest Multiple Listing Service broker bears repeating because I’ve seen the same thing: “I remember at the height of the market people would say ‘I wish I would have bought some waterfront back in 2001…or I wish I would have picked up a couple of rentals a few years ago’.” For these people, “the clock has been rolled back and you now have an opportunity to purchase real estate near the bottom of the market”.

Locally, there were just 15 NWMLS listed sales during the month of January. 14 were residential, 1 was vacant land. Of the residential sales, 2 were bank owned properties. The vacant land was also REO. You can see all the sales here: January Sales Report.

Currently, there are 268 residential listings. 14 are REO, 6 are short sales. There are 257 vacant land listings, 3 of which are REO.

Discovery Coast Real Estate will be successful. We’re thankful for our loyal, realistic and patient sellers. We’re grateful for buyers who put their trust in us to treat them honestly and fairly. 2012 will be a good year!

And if you need a pick-me-up, here are the top 10 flowers you might want to think about planting to make your property “pop” for buyers: Roses, Hostas, Geraniums, Petunias, Violets, Impatiens, Marigolds, Ornamental Grasses and Zinnias.

Market Report – Good and Bad is a post from: discoverycoastrealestate.com

12500 Pacific Way, Long Beach

Cheri Diehl — Wed, 08 Feb 2012 01:33:06 +0000

Over 5 beautiful acres just north of town. Zoned R3 so you can build a house, duplex, vacation rentals, RV Park, etc. The sky’s the limit with this property. Walking distance to the Cranberry Rd beach approach. On bus line. Potential building sites on east and west portions of property. MLS #315727 $66,000

Discovery Coast Real Estate has some wonderful properties for sale! And if one of those isn’t what you’re looking for, we can show and sell any property listed for sale. We can even help with those FSBOs. For more information on any property for sale on the Long Beach Peninsula, whether on the beach, bay, lake or top of the hill, call us at 360-642-3325 or email Discovery Coast Real Estate.

Stay up to date with recent listings by visiting our website!

12500 Pacific Way, Long Beach is a post from: discoverycoastrealestate.com

205 17th St SE, Long Beach WA

Cheri Diehl — Tue, 31 Jan 2012 20:45:17 +0000

Great location near shops, beach, restaurants. Cute one bedroom/one bath with Pergo floors, tile counters in kitchen. Large enclosed/attached back porch offers extra living or sleeping space. Yard is fully fenced, has brick patio and wood deck with pergola over it. Apple tree in back yard! 10 x 14 shed for garden tools or ? Raised garden beds. This home is just “ducky” and would be just right for vacations at the beach! MLS # 314767, $95,000

Stay up to date with recent listings by visiting our website!

205 17th St SE, Long Beach WA is a post from: discoverycoastrealestate.com

400 17th St SW, Unit D, Long Beach WA

Cheri Diehl — Mon, 30 Jan 2012 23:48:00 +0000

Condo on one of the nicest streets in Long Beach. Home is 3 levels with oversized 2 car garage, dumbwaiter, welcoming entry. 2nd floor has 2 bdrms, 1&3/4 baths. Upper level features great-room w/ lg eating bar, plenty of room for dining table & comfortable area in front of the propane fplc. Some ocean view. Oak hardwood floors and a bank of new windows. Decks off living area & one bedroom. Well maintained & comfortable w/path at the end of the street leading you to the popular Discovery Trail. MLS# 314632 $239,000.

Stay up to date with recent listings by visiting our website!

400 17th St SW, Unit D, Long Beach WA is a post from: discoverycoastrealestate.com

30510 O Pl., Surfside, Ocean Park WA

Cheri Diehl — Thu, 19 Jan 2012 21:14:38 +0000

Golfers take note! Double corner lot on the 5th tee. Septic installed, house plans by designer Tom Treat available. You won’t find many properties like this at such an amazing price. Surveyed. MLS # 310592 $89,900. View map.

Stay up to date with recent listings by visiting our website!

30510 O Pl., Surfside, Ocean Park WA is a post from: discoverycoastrealestate.com

304 14th St NW #321, Chautauqua Lodge, Long Beach

Cheri Diehl — Tue, 17 Jan 2012 22:31:13 +0000

Oceanfront with walking paths to beach, indoor heated swimming pool, adult hot tub, children’s therapy tub, adult dry sauna, video game room, pet friendly, elevator, wi-fi. What more could you ask for in a vacation spot? Not a time share. MLS #310665 $15,000

Stay up to date with recent listings by visiting our website!

304 14th St NW #321, Chautauqua Lodge, Long Beach is a post from: discoverycoastrealestate.com

1405 33rd St., Seaview

Cheri Diehl — Mon, 16 Jan 2012 22:12:10 +0000

Off the main road but still close to everything! Large home (4 bdrms!), dining room, great kitchen. Laundry area and full bath on main floor. French doors open onto a large porch. almost an acre with a huge, sunny space for a garden. Garden shed, oversized garage/shop (insulated, wall heat, lots of cabinets). This won’t last long. $135,000. MLS #310610

Stay up to date with recent listings by visiting our website!

1405 33rd St., Seaview is a post from: discoverycoastrealestate.com

December Sales Report

Cheri Diehl — Thu, 12 Jan 2012 16:32:42 +0000

Wow, what a difference! December 2011 sales were considerably better than December 2010. In 2010 there were just 10 listed residential sales with a median price of $99,500. December 2011 showed 22 listed sales with a median price of $130,000. Days on the market were a bit longer and the difference between list price and sales price was bigger, but there were sales.

You can view the brief report here:

According to the Northwest Multiple Listing Service “Closed sales also outgained year-ago totals. December’s completed transactions were up 7 percent from twelve months ago, rising from 4,430 closings to 4,741. Six counties registered double-digit gains (Grays Harbor, Jefferson, Pacific, Pierce, San Juan, and Snohomish).”

Does that mean we’re going to see prices go up, inventory go down, and mortgage rates start to climb? Maybe. It’s probably the number one question every Realtor hears, every day. If I only had a crystal ball….

Enjoy the crisp, winter weather if you live here at the beach. The sunrises have been incredible!

December Sales Report is a post from: discoverycoastrealestate.com

Buying a House this Year?

Cheri Diehl — Mon, 09 Jan 2012 19:22:38 +0000

Is 2012 the year you’re finally going to take the ownership plunge? Hopefully, you’ve been doing all the right things to prepare.

Here’s an interesting article on how being a good renter means more than you think. A GOOD RENTAL HISTORY CAN HELP BUYERS. Thanks to Rockwell Institute * for this link.

Mortgage Rates
30 Year Fixed: 3.91%
15 Year Fixed: 3.23%
1 Year Adj: 2.80%
(U.S. Weekly Averages)

Interest rates are still low and inventory is still high. Sales are improving in South Pacific County though, so don’t be left looking for the right house when all the good ones are taken! Here’s an example of what’s currently on the market in the $100,000 to $150,000 range. Some are fixers, some are fixed. Resi_Client_Summary2801. This report is limited to single family, stick built homes. There are condos, manufactured homes, townhomes, etc. with a wide range of prices and amenities. For more information on any of these listings, just send me an EMAIL. Or call us at 360-642-3325!

And one more article you should read before starting your search: Making the Right Choice.

So, what are you waiting for? Get out there and start looking.

* If you’re thinking of a career in real estate, I’d love to help and so would Rockwell Institute. Get more info by clicking on the sign!

Buying a House this Year? is a post from: discoverycoastrealestate.com

29401 L Ln, Ocean Park WA

Cheri Diehl — Wed, 04 Jan 2012 21:52:19 +0000

Possible ocean view from this 100 x 100 lot on a quiet, secluded street. Needs septic, well and power. Additional property to the north available (100 x 100). Just steps to the beach! $29,900. MLS #305243. Also see #305245. Buy both parcels! Possible owner terms for the right buyer.

Stay up to date with recent listings by visiting our website!

29401 L Ln, Ocean Park WA is a post from: discoverycoastrealestate.com