Lincoln City Real Estate Market Report - Lincoln, Oregon
Lincoln City, Oregon - Lincoln
| Market Commentary Provided by Jeremy King Rasmussen Sr. e-PRO - Principal Broker If you can qualify, now is an exceptional time to buy a home in Lincoln City. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 541-992-1661 |
| Report Date | Winter 2010 |
CONNECT WITH A LOCAL PROFESSIONAL 
Jeremy King Rasmussen Sr. e-PRO - Principal Broker
Rasmussen Real Estate LLC Lincoln City, Oregon 541-992-1661 team@believerealestate.com Agent Home Page  |
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| Nearest Metro Area | Salem | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $325,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $900,000 - $949,000 | ||||
| Compared to Last Year | No Change | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Lincoln City is | Increasing | ||||
| Seller Activity for the past 90 days in Lincoln City is | No Change | ||||
| Is Financing Available For Qualified Buyers in Lincoln City? | Yes | ||||
| Existing Home Prices for the past 90 days are | Increasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% | ||||
| Housing Hot Spots | Pacific City, Nelscott, Gleneden Beach, Salishan, Depoe Bay, Newport. | ||||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lincoln City! | ||||
| Average Sold Price | $325,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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