Now may very well be the best time in years to sell your home on the Central Oregon Coast. A pool of motivated Buyers is out there looking for opportunities to get into home ownership. The $8,000 tax credit for Buyers has stimulated the market and the $6,500 credit for owners in present homes for 5 years or longer expands the pool. Mortgage money is available to qualified Buyers at very low rates so chances are that someone looking at your property will be pre-qualified with a lender to purchase prior to looking with their Realtor.
If one ignores all the gloom and doom passed out by the media over the past couple of years we can get a clear picture of Lincoln County real estate. There are presently 223 homes listed with Realtors in Lincoln County for sale with an average list price of $190,971. Over the past twelve months 177 homes have sold in the range under $250,000 for an average list to sell ratio of 94%. This is a strong indicator of a firm market. Certainly homes in this price range sell more quickly as this is where the demand is at present. As markets improve in other areas we expect to see a significant upswing in the sale of higher priced homes. All the signs point to a healthy 2010 here on the Coast.
If you are curious about what the market value of your home is please call or e-mail me. I can help.
