WEATHER IN LINCOLN COUNTY

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Lincoln Co. 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 10-17, 2016

RESIDENTIAL UNITS
FOR SALE                                       796
SALES PENDING                           162
SOLD JANUARY 10-17                   14
2016 YEAR TO DATE SOLD          23
2015 YEAR TO DATE SOLD          22

UNDEVELOPED LAND AND LOTS
FOR SALE                                       601
SALES PENDING                            16
SOLD JANUARY 10-17                    2
2016 YEAR TO DATE SOLD           3
2015 YEAR TO DATE SOLD           6

INTEREST RATES
30 YR FIXED – 3.75% – 3.875%
FHA/VA – 3.5%
15 YEAR FIXED – 3.125%
5 YEAR ARMS – 2.75 – 3.25% depending on the lender

Average sold price of residential homes is $263,188. Average days on the market to sell is 186 days. Sales are beginning to increase after the first of the year. Interesting that mortgage rates have moved to the lowest point in 7 months despite the Fed having just begun its rate hike cycle.
*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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