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
8/22/2016 to  8/29/2016

RESIDENTIAL UNITS
FOR SALE                                                1115
SALES PENDING                                    297
SOLD – August 22 to August 29              27
2016 YEAR TO DATE SOLD                  784
2015 YEAR TO DATE  SOLD                 791
LOTS AND LAND
FOR SALE                                                 701
SALES PENDING                                      39
SOLD – August 22 to August 29                2
2016 YEAR TO DATE SOLD                   143
2015 YEAR TO DATE SOLD                  165

Sold numbers of residential homes have fallen below last years sales at this time. Most of the slack in the market is due to the 297 sales pending close of escrow. Many of those are waiting for appraisals that are taking nearly 6 weeks to obtain causing a back log in the market. Average time on the market for residential homes to sell is 170 days. Average sales price for residential homes is $274,612

MORTGAGE RATES
Today’s Best-Execution Rates
30YR FIXED – 3.375%- 3.5%
FHA/VA – 3.0 – 3.25%
15 YEAR FIXED – 2.75%
5 YEAR ARMS –  2.75 – 3.25% depending on the lender

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