Paradise Weekly Real Estate Update

Paradise's real estate activity over the last couple of week's has been relatively slow and steady. Interest rates remained low, experiencing virtually no change, going from 5.68 to 5.67 for the 30 year fixed rate. There were 9 Paradise properties that went under agreement and 5 properties that closed escrow. Most of the activity again took place on manufactured homes and those Paradise homes listed under $300,000. We saw a very large number of price reductions last week in Paradise as sellers attempt to get their properties noticed amidst the large amount of Paradise properties for sale. So the story hasn't changed much this week in Paradise; great interest rates, plentiful inventory, resulting in a perfect market to buy real estate in Paradise.