WEATHER IN LINCOLN COUNTY

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Weekly Real Estate Report for Lincoln County – 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
8/29/2016 to  9/5/2016

RESIDENTIAL UNITS
FOR SALE                                              1096
SALES PENDING                                    288
SOLD – August 29 to September 5           26
2016 YEAR TO DATE SOLD                  813
2015 YEAR TO DATE  SOLD                 821
LOTS AND LAND
FOR SALE                                                 678
SALES PENDING                                      45
SOLD – August 29 to Spetember 5              5
2016 YEAR TO DATE SOLD                   149
2015 YEAR TO DATE SOLD                   172

Year to date sold residential homes and land are falling slightly behind last years numbers at this point in the year. It will be interesting to see where the market goes into the fall selling season. Average time on the market for residential homes to sell is 170 days. Average sales price for residential homes is $275,935
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

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

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