Lynn Franklin

Wow! Another drop in the 30 year fixed rate in Magalia. It has been lowered to 5.48 this past week from 5.69. This is obviously great news for buyers; especially first time buyers who do not have a Magalia property to sell before buying a new one. Unfortunately, the amount of closings in Magalia is not quite as exciting. There were only 2 homes that were sold last week in Magalia. There were 11 new listings and 4 homes that went under agreement. Price reductions continue to be prevalent week after week, with a total of 11 price reductions occurring last week. The percentage of real estate properties under contract compared to total listings in is slowly starting to get better. We are now seeing that 10% of all listings in Magalia are now under contract, compared to 9% or lower in recent previous weeks.

Wow! Another drop in the 30 year fixed rate in Paradise. It has been lowered to 5.48 this past week from 5.69. This is obviously great news for buyers; especially first time buyers who do not have a Paradise property to sell before buying a new one. Unfortunately, the amount of closings in Paradise is not quite as exciting. There were only 2 homes that were sold last week in Paradise. There were 14 new listings and 6 homes that went under agreement. Price reductions continue to be prevalent week after week, with a total of 12 price reductions occurring last week. The percentage of real estate properties under contract compared to total listings in is slowly starting to get better. We are now seeing that 16% of all listings in Paradise are now under contract, compared to 14% or lower in recent previous weeks.

As Super Tuesday approaches I thought it may be helpful to let all of my fellow residents here in Paradise and Butte County know about a great document that can tell you where your voting location is by community and precinct. This document is great if you are a new home owner here in Paradise and Butte County or if you are just not sure where your precinct voting location is. If you are not sure what voting precinct you are in, you can likely find the information on your Butte County community website or by calling the local town clerk. As so many of you already know, it is incredibly important to vote in both national and local elections. It is unfortunate that so many people neglect the local elections as many of the items being decided have great impact on our community. This ultimately can affect the value of our homes. The better community we live in, the greater the home value. So next time a local or national election is coming up, please remember that the decisions being made, may ultimately affect the value of your Paradise and Butte County real estate investment.

I know how busy life can be, but I wanted to bring a bit of attention to some great volunteering opportunities here in Paradise. It was brought to my attention that Feather River Hospital on Pentz Road in Paradise is always looking for volunteers in a variety of different areas. This opportunity to volunteer not only can enrich the lives of other Paradise residents who may be in need, but also provides the opportunity for the person volunteering to learn new skills, develop a deeper sense of self confidence, investigate potential career opportunities, and make new friends and business contacts. It may also be a great idea to get your whole family to volunteer together here in Paradise. This will add some great family time to your week! I have been selling real estate in Paradise for more than 20 years and I think Paradise is a great place to live and work. Our wonderful residents make this community the special place that it is and are the reason that we continue to prosper. For more information on opportunities at Feather River Hospital or other Paradise volunteer opportunities, I would encourage you to take a look at Volunteer Match. Thank You!!!

We are in the midst of another snow storm here in Paradise this winter season and the conditions are pretty bad on some of our local roads. The conditions are so bad in some parts of town that they have had to close the roads from Skyway to Oak Way. Town officials are urging everyone to stay off the roads if at all possible. This caused last evenings Public Workshop Meeting to be canceled. This meeting was intended to bring all interested and affected parties together to discuss the proposed draft of future plans to develop the Southeast Paradise Area. Once rescheduled, this is a meeting I would encourage all Paradise homeowners and citizens to attend. As our community grows and changes, the decisions revolving around land development and land conservation here in Paradise will impact our town’s appearance and future real estate values. So please stay tuned for the rescheduled date and take a look at our Paradise home site for more information. Stay Safe and Warm during this winter storm!!!