$724K  
The number of home sales in the Magalia market rose 3.6% to 29 homes over the last 30 days. To put it in perspective, close-by Chico registered 100 homes sold in the same time frame, the most of all surrounding cities. The median sales price has been increasing as it hit $194,000, extending a 12-week long spike. With only two months of inventory and rising sales prices, Magalia is a definite seller's market.
Comments:

$219K  
More sellers put their homes up for sale in the Magalia market over the last 30 days and the number of new listings climbed this week to 30. Home sales remained unchanged from the prior period and once again 28 homes were sold. The median sales price dropped to $192,950 over the latest reporting period for Magalia, down from $197,950. Despite the flat sales, a relatively low two months of inventory remaining indicates that Magalia is a strong seller's market.
Comments:

$724K  
The Magalia market warmed up in this week's report, as the number of home sales climbed 3.7%, pushing the total to 28 homes sold over the last 30 days. In comparison, nearby Chico had 102 sales in the same time frame, the most of all neighboring cities. Prices are rising in Magalia, and the median sales price this period increased from $189,000 to $197,950. The rising sales and a low two months of inventory point to Magalia being a definite seller's market.
Comments:

Magalia is a larger than average city in California with a population of 11,310 residents, and it has an average density compared to the rest of the state, with 807.0 people per square mile. It should be noted that at 69.3%, most people own their homes in Magalia. Heading the list of top schools in the city is Cedarwood Elementary School.
Comments:

$724K  
There were 20 home sales in the Magalia market over the last 30 days, while coming close to the 23.3 monthly average for the last 12 months. At the same time, close-by Chico reported 111 home sales, the highest number from all the surrounding cities. Prices were able to climb as this week's reported median sales price of $187,500 continued an eight-week upswing. The increasing prices a low three months of inventory point to Magalia being a seller's market.
Comments:

$549K  
Over the last 30 days, the Magalia market showed healthy signs with 19 homes sold. It marks an 11.8% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. Within the same time frame, Chico had 99 sales, the most of all cities in the area. Prices are rising in Magalia, and the median sales price this period increased from $181,600 to $189,000. With only three months of inventory and rising sales, Magalia is a seller's market.
Comments:

$749K  
The Magalia market was active in this week's report, as the number of sales went up to 17 homes sold over the last 30 days. To put it in perspective, close-by Chico registered 90 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Magalia, with the median for this period rising from $144,950 to $181,600. With just three months of inventory available and sales going up, Magalia is a seller's market.
Comments:

$289K  
The Magalia market remained cold this week as sales fell 11.8% to land at 15 homes sold over the last 30 days. In comparison, nearby Chico had 86 sales in the same time frame, the most of all neighboring cities. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $149,900 this week.
Comments:

$298K  
With 17 homes sold in the Magalia market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 32 new listings for buyers to choose from. Prices are rising in Magalia, and the median sales price this period increased from $141,000 to $147,000. There are only three months of inventory available in Magalia, so it's a seller's market, even if sales are flat.
Comments:

$749K  
The population of Magalia is less affluent than average compared to others in California with a median income of $40,773 per household. It's also considered a less expensive city in terms of affordability with a cost of living adjustment score of 102.6. Magalia is made up of homes that are considered relatively old with a median of 29 years. The best school in the city is Cedarwood Elementary School.
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