Paradise Weekly Real Estate Update

The Paradise Real Estate market had 2 big changes this past week which will positively impact area buyers.  The first was that the 30 year fixed rate mortgages fell again with the average rate now being 5.85%.  In addition to this great interest rate, there were 20 price reductions in Paradise, signaling that sellers are ready to make a deal. 

Overall the Paradise market activity is about the same as it has been over the past month.  There were 17 new listings that entered the market, 11 properties that went under agreement, and 5 Paradise properties that closed escrow.   The property types that are experiencing the most activity are also the same as previous weeks with 26% of the Paradise single family homes priced below $250,000 being sale pending, and 25% of the Paradise single family homes priced between $350,000 and $450,000 being sale pending.   The Paradise manufactured home market is also experiencing consistent activity with 17% of those properties being under agreement.