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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
2/7/2015 to 2/14/2016

RESIDENTIAL UNITS
FOR SALE                                              809
SALES PENDING                                 182
SOLD – FEBRUARY 14 – 21                 11
2016 YEAR TO DATE SOLD               123
2015 YEAR TO DATE SOLD               101
LOTS AND LAND
FOR SALE                                              625
SALES PENDING                                    17
SOLD FEBRUARY 14 – 21                      3
2016 YEAR TO DATE SOLD                  18
2015 YEAR TO DATE SOLD                  24
INTEREST RATES
Today’s Best-Execution Rates
30YR FIXED – 3.625% 
FHA/VA – 3.25-3.5%
15 YEAR FIXED – 3.00
5 YEAR ARMS –  2.75 – 3.25% depending on the lender

Average sold price of residential homes is $265,734. Average days on the market to sell is 181 days. Sales have been steady and supply of existing homes seem to be diminishing rapidly in the $200,000 to $300,000 price ranges. This suggests we will see increases in values over the next several months. Lot sales are still lagging behind last year but may increase as there are fewer homes on the market and building new may make more sense to prospective buyers. Which will be good news for new construction sales over the next several years.
*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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