WEATHER IN LINCOLN COUNTY

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Lincoln County Weekly 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
9/19/2016 to  9/26/2016

RESIDENTIAL UNITS
FOR SALE                                                  1101
SALES PENDING                                      302
SOLD – September 19 to September 26     26
2016 YEAR TO DATE SOLD                    888
2015 YEAR TO DATE  SOLD                   898

LOTS AND LAND
FOR SALE                                                   684
SALES PENDING                                         41
SOLD –September 19 to September 26         8
2016 YEAR TO DATE SOLD                    169
2015 YEAR TO DATE SOLD                    184

Year to date sales continue to fall behind last years numbers , however the pending sales are unusually large at this time. Due to the very long waiting period many escrows are taking over 60 days to close. When the pending sales close, then we will be will over the number of closed sales of last year. Interest rates continue to remain very low.

MORTGAGE RATES
Today’s Best-Execution Rates
30YR FIXED – 3.5%
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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