Magalia Weekly Real Estate Update - 01/31/08 11:52 AM
Wow!  Another drop in the 30 year fixed rate in Magalia. It has been lowered to 5.48 this past week from 5.69.   This is obviously great news for buyers; especially first time buyers who do not have a Magalia property to sell before buying a new one.   Unfortunately, the amount of closings in Magalia is not quite as exciting.  There were only 2 homes that were sold last week in Magalia.  There were 11 new listings and 4 homes that went under agreement.  Price reductions continue to be prevalent week after week, with a total of 11 price reductions occurring last … (0 comments)

Paradise Weekly Real Estate Update - 01/31/08 11:51 AM
Wow!  Another drop in the 30 year fixed rate in Paradise. It has been lowered to 5.48 this past week from 5.69.   This is obviously great news for buyers; especially first time buyers who do not have a Paradise property to sell before buying a new one.   Unfortunately, the amount of closings in Paradise is not quite as exciting.  There were only 2 homes that were sold last week in Paradise.  There were 14 new listings and 6 homes that went under agreement.  Price reductions continue to be prevalent week after week, with a total of 12 price reductions occurring last … (0 comments)

Attention Paradise and Butte County Real Estate Owners - Super Tuesday is Quickly Approaching!! - 01/31/08 10:42 AM
As Super Tuesday approaches I thought it may be helpful to let all of my fellow residents here in Paradise and Butte County know about a great document that can tell you where your voting location is by community and precinct.  This document is great if you are a new home owner here in Paradise and Butte County or if you are just not sure where your precinct voting location is.   If you are not sure what voting precinct you are in, you can likely find the information on your Butte County community website or by calling the local town clerk.  … (0 comments)

Paradise Real Estate Owners, Taking The Time to Volunteer - 01/30/08 08:59 AM
I know how busy life can be, but I wanted to bring a bit of attention to some great volunteering opportunities here in Paradise.  It was brought to my attention that Feather River Hospital on Pentz Road in Paradise is always looking for volunteers in a variety of different areas.  This opportunity to volunteer not only can enrich the lives of other Paradise residents who may be in need, but also provides the opportunity for the person volunteering to learn new skills, develop a deeper sense of self confidence, investigate potential career opportunities, and make new friends and business contacts.  It … (0 comments)

And The Snow Keeps Falling Canceling the Neighborhood Public Workshop Meeting - 01/30/08 08:41 AM
We are in the midst of another snow storm here in Paradise this winter season and the conditions are pretty bad on some of our local roads.  The conditions are so bad in some parts of town that they have had to close the roads from Skyway to Oak Way.  Town officials are urging everyone to stay off the roads if at all possible.  This caused last evenings Public Workshop Meeting to be canceled.  This meeting was intended to bring all interested and affected parties together to discuss the proposed draft of future plans to develop the Southeast Paradise Area.  Once … (0 comments)

Paradise Weekly Real Estate Update - 01/25/08 02:17 PM
There was a great deal of excitement in Paradise this past week as the 30 year fixed mortgage rates again took a drop.  They are currently 5.69 for 30 year mortgages, with the 15-year fixed rates being even more desirable.  The Paradise area mortgage rates haven't been this low for about 2 years, which brings some obvious excitement to this slower paced Paradise Real Estate market.  Paradise had 32 price reductions over the past week; this was likely in part a result of sellers trying to get their homes noticed in the midst of all the mortgage rate decreases.  The Paradise … (0 comments)

Magalia Weekly Real Estate Update - January 25th - 01/25/08 02:16 PM
There was a great deal of excitement in Magalia this past week as the 30 year fixed mortgage rates again took a drop.  They are currently 5.69 for 30 year mortgages, with the 15-year fixed rates being even more desirable.  The Magalia area mortgage rates haven't been this low for about 2 years, which brings some obvious excitement to this slower paced Magalia Real Estate market.  Magalia had 17 price reductions over the past week; this was likely in part a result of sellers trying to get their homes noticed in the midst of all the mortgage rate decreases.  The Magalia … (0 comments)

Energy Star - CFL Lightbulbs Are the Way to Go! - 01/23/08 01:54 PM
 
Since the start of the new year I have been encouraging everyone I know to look at areas in their life where they could be Greener.  I therefore wanted to share Energy Star’s findings about the CFL light bulbs.  I think many people are already aware of the light bulbs and what kind of impact that can have, but I have been surprised lately by the number of individuals who didn’t realize how long their life expectancy was and how they could impact the energy bills.  The lower level of greenhouse gasses when compared to traditional light bulbs is also a … (1 comments)

Home Improvements, Declining Market, What Should You Do? - 01/23/08 01:19 PM
People often ask me how what home improvement projects bring the most value when attempting to sell in this Paradise real estate market.  Each Paradise prospective home buyer is quite different, but there does seem to be some consistency in the desire for updated kitchen and baths.  Recently, a list was just published with the title, “5 recession-proof remodeling projects,” that I think reflects what many Paradise home buyers are looking for when home hunting.  Two of the items on the list are updated kitchens and updated baths.  The article however, focuses on how you can pare-back the remodel so that … (0 comments)

Association of Realtors - 01/18/08 09:48 AM
This is a very exciting weekend for the Paradise Association of Realtors, as well as for me personally.  This Saturday, we will be installing all of our new officers for 2008.  I will be installed as President and I am very excited for the upcoming challenges and opportunities that this great honor will bring.  Following the installment, the California Association of Realtors will hold one of its 3 annual business meetings for 2008.  I will be in attendance as a state director, as are all of the local association presidents.  You can visit the California Association of Realtors website to find … (0 comments)

Magalia Weekly Real Estate Update - 01/18/08 07:43 AM
There was some great news this past week for the Magalia Real Estate Market. The long term 30 year fixed interest rate fell below 6%. The current rate is 5.87%. This is coupled with the 224 Magalia real estate listings currently available. There were 7 new listings that hit the market in Magalia last week, adding to the large inventory level available for Magalia buyers. Great rates with a lot of inventory; now is the perfect time for prospective Magalia home buyers to test out their negotiating power. Also in the Magalia market this week, there were 4 listings that went … (0 comments)

Weekly Paradise Real Estate Update - 01/18/08 07:41 AM
There was some great news this past week for the Paradise Real Estate Market. The long term 30 year fixed interest rate fell below 6%. The current rate is 5.87%. This is coupled with 25 new listings that hit the market in Paradise, adding to the large inventory level available for Paradise buyers. Great rates with a lot of inventory; now is the perfect time for prospective Paradise home buyers to test out their negotiating power. Also in the Paradise market this week, there were 6 listings that went under contract and another 6 that officially closed. For a full market … (0 comments)

The Winter Storm in Paradise - 01/11/08 07:22 AM
Many Paradise and Magalia homeowners are now sighing with relief as their power is restored and their roads are cleared after the mess that was created in last Friday's winter storm.  If you were one of the lucky ones, then your Paradise home was not hit by any fallen trees or any other debris.  Unfortunately though, that does not mean that your real estate investment escaped all damage as a result of this storm that swept through Paradise.  The mess from winter storms, if not cleaned up properly, can create real havoc.  There are a few tips that I would like … (0 comments)

Magalia Real Estate Update - 01/09/08 08:03 PM
The New Year is starting out very slow in the Magalia real estate market.  With 9 new listings, 12 price reductions, and only 1 sold listing; inventory is continuing to build in Magalia.  Activity surrounding the manufactured homes market in Magalia is still the strongest with the properties selling at a rate of 15%.  The 30 year fixed rate fell slightly from 6.17 to 6.07, making the real estate mortgage conditions very desirable to take advantage of the continuous price reductions.
… (0 comments)

Paradise Real Estate Market Update - 01/09/08 08:01 PM
The New Year has not brought a new pace to the Paradise real estate market.  We are still experiencing high levels of inventory with the number of new listings and price reductions exceeding the number of sales.  There were 15 new listings last week in Paradise with 9 price reductions and 7 sold listings.  The single family homes under $250,000 and manufactured homes are still the two types of properties that are experiencing the most activity with both categories selling at a rate of 21%.  The 30 year fixed rate fell slightly from 6.17 to 6.07, making the real estate mortgage … (0 comments)

Magalia Real Estate Update - 01/02/08 07:18 AM
Everyone seems to be preparing for the New Year in this Magalia real estate market. There were 12 new listings and 17 price reductions as Magalia home sellers try to get the attention of prospective Magalia home buyers. Actual sales activity was very light this past holiday week, with only 3 homes going under agreement and 4 homes selling. Interest rates inched up to 6.17 from 6.11 for 30 year fixed rate mortgages. For a full market report or to discuss the market in detail, you can reach me anytime on my direct office line at (530) 872-5435 or my cell … (0 comments)

Paradise Real Estate Update - 01/02/08 07:14 AM
Everyone seems to be preparing for the New Year in this Paradise real estate market. There were 19 new listings and 12 price reductions as Paradise home sellers try to get the attention of prospective Paradise home buyers. Actual sales activity was very light this past holiday week, with only 6 homes going under agreement and 8 homes selling. Interest rates inched up to 6.17 from 6.11 for 30 year fixed rate mortgages. For a full market report or to discuss the market in detail, you can reach me anytime on my direct office line at (530) 872-5435 or my cell … (0 comments)

 

Lynn Franklin

Paradise, CA

More about me…

Coldwell Banker Ponderosa

Address: 7020 Skyway, Paradise, Ca, 95969

Office Phone: (530) 872-5435

Cell Phone: (530) 520-6900

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