Weekly Paradise Real Estate Market Update

The Paradise real estate market has been picking up some speed.  Last week there were 13 listings that closed escrow and 12 listings that went under agreement.  The Paradise sellers though are letting all the prospective buyers out there know that they have more to offer. 

We saw 26 price reductions last week, which represents more than 10% of the single family residential listings on the Paradise real estate market.  The sellers are ready to make a deal.  The low mortgage rates are another added bonus for all the prospective Paradise buyers.  A great time to buy, especially for the first time buyers with 30 year fixed rate mortgages at 6.06%