Weekly Lincoln County Real Estate Report – Tammy Gagne – Broker

Mar 30, 2016 | Daily News

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LINCOLN COUNTY REAL ESTATE
Weekly Market Report
Data provided by Lincoln County Board of Realtors
Prepared by Tammy Gagne – Advantage Real Estate
3/13/2016 to  3/20/2016

RESIDENTIAL UNITS
FOR SALE                                                899
SALES PENDING                                    221
SOLD – March 13 to March 20                  16
2016 YEAR TO DATE SOLD                  193
2015 YEAR TO DATE  SOLD                 179
LOTS AND LAND
FOR SALE                                                 665
SALES PENDING                                       26
SOLD – March 13 to March 20                     3
2016 YEAR TO DATE SOLD                     37
2015 YEAR TO DATE SOLD                     46

Today’s Best-Execution Rates
30YR FIXED – 3.625% – 3.875%
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  $266,696.  Average days on the market to sell is 178 days. Nearly 25% of the Residential homes are pending a sale. An indication prices will begin to rise as inventory decreases.
Tammy Gagne is a licensed Realtor in the State of Oregon License #870600040