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Weekly Lincoln County Real Estate Report – Tammy Gagne, Broker

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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
4/10/2016 to 4/17/2016

RESIDENTIAL UNITS
FOR SALE                                               947
SALES PENDING                                  219
SOLD – April 10 to April 17                    18
2016 YEAR TO DATE SOLD                303
2015 YEAR TO DATE SOLD                270
LOTS AND LAND
FOR SALE                                              672
SALES PENDING                                    33
SOLD – April 10 to April 17                    0
2016 YEAR TO DATE SOLD                 49
2015 YEAR TO DATE SOLD                 62

MORTGAGE RATES
30YR FIXED – 3.625%
FHA/VA – 3.25%
15 YEAR FIXED – 2.875% – 3.00%
5 YEAR ARMS – 2.75% – 3.25% depending on the lender

Average sold price of residential homes is $266,768. Average days on the market to sell is 180 days. Home sales continue to be very strong especially for homes up to $250,000. Sales pending in lots and land is picking up.
Tammy Gagne is a licensed Realtor in the State of Oregon License #870600040

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