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  
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CONNECT WITH A LOCAL PROFESSIONAL
Jeremy King Rasmussen Sr. e-PRO - Principal Broker
Jeremy King Rasmussen Sr. e-PRO - Principal Broker
Rasmussen Real Estate LLC
Lincoln City, Oregon
541-992-1661
team@believerealestate.com
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Rasmussen Real Estate LLC
  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...
     
(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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