Paradise CA Weekly Real Estate Market Update

What a great week for the Paradise real estate market which experienced a bit of a surge in activity.  We had 17 properties close escrow doubling the averages we have been seeing in recent weeks.   On top of the 17 properties that closed escrow, Paradise had another 7 properties go under agreement.  The Paradise market also had another week of desirable interest rates being available, as they are holding constant at 5.88%for a 30 year fixed rate mortgage. 

Paradise also had 29 new listings hit the market and 19 of the active listings experience price reductions, making the plentiful inventory even more affordable for all the prospective Paradise buyers out there.   Activity remains strong for single family homes priced below $250,000.  There is a total of 100 single family homes for sale in this category and 26 of them are currently under agreement.  Other Paradise housing categories receiving a healthy level of attention are the manufactured homes and those Paradise single family homes priced between $350,000 and $450,000 with 24% and 19%, respectively, of the properties currently under agreement.