WEATHER IN LINCOLN COUNTY

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Weekly 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
12/20/2015 to 12/27/2015 RESIDENTIAL UNITS

FOR SALE 872
*SALES PENDING 181
SOLD 12/20/2015 to 12/27/2015 7
2015 YEAR TO DATE SOLD 1156
2014 YEAR TO DATE SOLD 945

*UNDEVELOPED LAND AND LOTS
FOR SALE 666
SALES PENDING 23
SOLD 12/20/2015 to 12/27/2015 1
2015 YEAR TO DATE SOLD 231
2014 YEAR TO DATE SOLD 155

*INTEREST RATES
30YR FIXED – 4.125-4.25%
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 $263,160. Average days on the market to sell is 186 days. Year ending 2015 the market finishes with an increase in total sales for both homes and land up over 2014. Average sales prices are also up over last year. The outlook for 2016 is for interest rates to remain close to the same in the near future, and the market to continue to improve.

*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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