Weekly Paradise Ca Real Estate Update

The Paradise real estate market had one of the best weeks of activity we've seen in quite a while.  There were 7 properties that closed escrow and another 19 properties that went under agreement.  This better level of activity unfortunately did not have any impact on the overall Paradise inventory as we saw a startling 27 new listings hit the market.  This, along with the fact that we saw 34 price reductions in Paradise, is still signaling great opportunities for Paradise buyers!  The interest rates are still at very low levels with the average 30 year fixed rate at 6.13.   The real estate categories remaining the strongest in Paradise are those single family homes priced under $250,000, as well as though priced between $350,000 and $450,000 with both categories having 25% of their total inventory currently under agreement.  The manufactured homes in Paradise are also still on the stronger side of activity with 20% of their total properties currently under agreement.