WEATHER IN LINCOLN COUNTY

 

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Lincoln County Real Estate Report – Tammy Gagne, Broker

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LINCOLN COUNTY REAL ESTATE Weekly Market Report
Brought to you by Tammy Gagne – Advantage Real Estate
12/13/2015 to 12/20/2015 RESIDENTIAL UNITS

FOR SALE 886
SALES PENDING 180

SOLD 12/13/2015 to 12/20/2015 6
2015 YEAR TO DATE SOLD 1145
2014 YEAR TO DATE SOLD 935

UNDEVELOPED LAND AND LOTS
FOR SALE 670
SALES PENDING 21
SOLD 12/13/2015 to 12/20/2015 0
2015 YEAR TO DATE SOLD 230
2014 YEAR TO DATE SOLD 152

INTEREST RATES
30YR FIXED – 4.0%-4.125%
FHA/VA – 3.75%
15 YEAR FIXED – 3.25-3.375%
5 YEAR ARMS – 2.75 – 3.25% depending on the lender

Average sold price of residential homes is $263,851. Average days on the market to sell is 187 days. The Fed finally hiked the prime rate on December 16th, but there was no immediate reaction in mortgage rates. Bottom line: the Fed rate hike has not been the death knell for low mortgage rates that many feared it would be, although the near term range is uncertain and rates could be more volatile than normal as we wait for a new trend to emerge.

*Data obtained from Lincoln County Multiple Listing Service Tammy Gagne is a licensed Realtor in the State of Oregon License #870600040

 

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