Lynn Franklin

The Paradise real estate market is experiencing pretty consistent activity with 14 properties going under agreement last week and another 9 properties closing escrow. There were 26 new listings that hit the market for this same time period, so available inventory continues to outpace the amount of Paradise real estate being sold. This coupled with the low 5.88% average for 30 year fixed rate mortgages poses some great opportunities for Paradise area buyers.

Housing categories that are still experiencing the most activity are those single family homes priced between $350,000 and $450,000 as 27% of the properties are currently under agreement. The other two most active categories are the single family homes priced below $250,000 and the manufactured homes with 25% and 24%, respectively, currently being under agreement.

For a full market report, please just give me a call. I'd love to provide one!

Spring arrived in the month of March and so did some low 30 year fixed rate mortgages in the Magalia area. Currently at 5.88% with March just recently behind us. Some other Magalia real estate market statistics for the month of March are as follows:

Magalia - March 2008

Total Listings Vs. Activity - Magalia

Spring arrived in the month of March and so did some low 30 year fixed rate mortgages in the Paradise area. Currently at 5.88% with March just recently behind us. Some other Paradise real estate market statistics for the month of March are as follows:

Paradise - March 2008

Total Listings Vs. Activity Paradise

Attention all Paradise buyers, now is the time to buy! The average 30 year fixed rate is again at historical lows, currently being only 5.88%. There is plentiful available inventory to choose from in almost every housing category, with another 24 properties hitting the market this past week. Another great factor for Paradise area buyers to consider is the large number of price reductions that the market continues to see week to week. This past week the Paradise real estate market had 22 price reductions on single family homes and manufactured homes.

Paradise activity is remaining consistent with 14 properties going under agreement and 6 properties closing escrow, up slightly from last week with 11 and 5 respectively. Currently 26% of single family homes priced under $250,000 are under agreement, 29% of single family homes priced between $350,000 and $450,000 are under agreement, and 21% of manufactured homes are under agreement. If you are interested in seeing a full market report for your area, please just give me a call or send me an email, I'd love to provide you with one.

As a realtor, I know first hand the importance of having clean and well cared for community surroundings. It is the places in the Paradise area that really make the difference for prospective buyers when they are seeking for their next place to call home. It is also the difference for current Paradise area residents who cherish and love the community and things we have here in our community on the Ridge. Places like the Gold Nugget Museum, the Research Room, the Gold Mine, the Terry Ashe Recreation Center, and ll the amazing state parks here in Butte County are invaluable to all of us.

Therefore instead of my typical green tip of the week, I would like to tell you about the Earth Day Celebration that will be held at Bidwell Park on April 19th from 10AM to 1 PM. There will be a number of projects going on all with the parks preservation in mind. You can sign up to volunteer and help with clean ups as an individual or a team. Check out this site for more information or contact the Friends of Bidwell Park to see how you can get involved and help preserve our amazing Ridge community.

Thanks and Happy Earth Day!