Lynn Franklin

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%

Stop by and visit me at Gold Nugget Days this weekend on April 26th & 27th. The event is held at the Terry Ashe Park on 6626 Skyway in Paradise. I will be at booth #70 and giving you the opportunity to strike it RICH!! I will be hosting several drawings to give away all kinds of prizes. I will also have information about the Paradise area real estate market, including area Information, first time homebuyer packets and much more.

Paradise has been celebrating The Gold Nugget Days since 1959 in honor of the 54-pound gold nugget found in 1859. You can take a look at this site for more information on the fun that will be in Paradise this weekend.

For any Paradise area real estate needs pleae just let me know, I'd be glad to help you out!

The weather has been great and the real estate market in the area seems to be picking up. So I really wanted to sit down today and write an update for the Magalia market with a flashy headline like, “The Spring Real Estate Market Has Officially Started in Magalia.” Unfortunately, my update on the Magalia real estate market will have to go in a slightly different direction.

Although the interest rates are still fantastic at an average of 5.88% for a 30 year fixed rate mortgage and there is plentiful available inventory experiencing record numbers of price reductions week after week (10 occurred last week), there doesn’t seem to be too many Magalia properties going under agreement or closing escrow. This past week only 3 properties went under agreement and no properties actually closed escrow. Of the properties seeing activity right now in Magalia, it is the manufactured homes that are getting the most attention with 22% of the listed properties currently under agreement.

I would therefore encourage all the Magalia prospective buyers to get out there and try to make a deal on a home as the Magalia sellers are ready to negotiate. Plus the interest rates are FANTASTIC!

For a more detailed market report, please feel free to give me a call. I’d love to provide one for your specific needs.

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.

If slow and steady wins the race, then the Magalia real estate market will be ok.

We have just come off another week of slower activity but it is very consistent with the activity level we have seen in weeks past. There were 15 new listings that hit the Magalia real estate market with another 12 listings experience price reductions. During this same time period there were 3 properties that went under agreement and another 2 properties that closed escrow. Consequently the available Magalia real estate inventory continues to build! So buyers, go ahead and take advantage of the 5.88% average on the 30 year fixed rate mortgages and take the plunge into Magalia homeownership today. Currently there are 245 real estate listings in Magalia with 132 of them being single family homes, 64 of them being manufactured homes, and 49 being land.

Call today for a more detailed market report.