Paradise Weekly Real Estate Market Update

Things are definitely looking up in the Paradise real estate market. After looking at the activity level of this past week, the local market is showing signs of improvement. We had 8 properties close escrow and another 15 properties go under agreement. There were 16 new listings that hit the market, which is promising considering we had the 15 listings that went under agreement. With 20 price reductions last week, it is clear that Paradise sellers are still eager to sell, and attempting to have their properties noticed amidst the 309 total listings currently on the market in Paradise. The most significant real estate activity in Paradise continues to be on those single family homes priced under $250,000. There was a slight increase in activity on single family homes priced between $350,000 and $450,000. Currently there are 27 properties on the market within this price range, with 6 of them being under agreement.