WEATHER IN LINCOLN COUNTY

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Lincoln County 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
January 3-10, 2016

RESIDENTIAL UNITS
* FOR SALE                                                      799
* SALES PENDING                                          165
* SOLD January 3-10                                          20
* 2016 YEAR TO DATE SOLD                         21
* 2015 YEAR TO DATE SOLD                         19

UNDEVELOPED LAND AND LOTS
* FOR SALE                                                     600
* SALES PENDING                                           16
* SOLD January 1-10                                            1
* 2016 YEAR TO DATE SOLD                           1
* 2015 YEAR TO DATE SOLD                           3

INTEREST RATES
* 30YR FIXED –                   4.00%
* FHA/VA –                           3.75%
* 15 YEAR FIXED –             3.25%
* 5 YEAR ARMS –                2.75% – 3.25% depending on the lender

Average sold price of residential homes is $263,111. Average days on the market to sell is 187 days. Friday’s interest rates were the lowest they’ve been since early November despite a great jobs report which usually sends them screaming higher. Perhaps the significant losses in global stock prices, the ongoing slide in oil prices, and the possibility that the Fed’s recent rate hike has served as the catalyst for the start of a longer term move away from “risk.” Real estate is looking very good long term.

*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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