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
Data provided by Lincoln County Board of Realtors
Prepared by Tammy Gagne – Advantage Real Estate
7/11/2016 to  7/18/2016

RESIDENTIAL UNITS
FOR SALE                                              1084
SALES PENDING                                   257
SOLD – July 11 to July 18                       19
2016 YEAR TO DATE SOLD                 633
2015 YEAR TO DATE  SOLD                615

LOTS AND LAND
FOR SALE                                               702
SALES PENDING                                   34
SOLD – July 11 to July 18                       9
2016 YEAR TO DATE SOLD                 103
2015 YEAR TO DATE SOLD                 122

The numbers of 2016 home sales are now running only slightly above 2015 year to date totals. Average time on the market for residential homes to sell is 190 days. Average sales price for residential homes is $274,599. Mortgage rates moved a little bit higher last week. That upward movement tends to coincide with weakness in broader bond markets.  For instance, when yields on US Treasuries are moving higher, mortgage rates usually are as well.

MORTGAGE RATES
Today’s Best-Execution Rates
30YR FIXED – 3.375%
FHA/VA – 3.25%
15 YEAR FIXED – 2.75%
5 YEAR ARMS –  2.75% – 3.25% depending on the lender

Tammy Gagne is a licensed Realtor in the State of Oregon License #870600040

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