$724K  
The Magalia market looked busy in this week's report, as the number of home sales climbed 6.5%, pushing the total to 33 homes sold over the last 30 days. Within the same time frame, Chico had 115 sales, the most of all cities in the area. Prices are rising in Magalia, and the median sales price this period increased from $150,500 to $185,000. The rising sales and a low three months of inventory point to Magalia being a seller's market.
Comments:

$724K  
This week in the Magalia market, sales rose to 31 homes sold over the last 30 days, which might be due in part to an extended upward trend in price reductions, with 31 being reported in the same time frame. The median sales price dropped to $150,500, down from last week's $162,500. With only three months of inventory and rising sales, Magalia is a seller's market.
Comments:

Magalia is a city in California. It's less affluent than average and the cost of living is less expensive compared to the rest of the state, with a median income of $40,773 per household and cost of living adjustment score of 102.6. Magalia is made up of homes that are relatively old with a median of 29 years. The best school in the city is Cedarwood Elementary School.
Comments:

$219K  
Over the last 30 days, the Magalia market warmed up with 30 homes sold, an 11.1% increase from last week's report. At the same time, close-by Chico reported 115 home sales, the highest number from all the surrounding cities. The median sales price dropped to $162,500, down from last week's $184,500. With only two months of inventory and rising sales, Magalia is a definite seller's market.
Comments:

$200K  
Over the last 30 days, the Magalia market had a decrease in home sales with 26. Furthermore, the amount of pending transactions continued to decline, with a total of 26 contracts during the same period. The median sales price dropped to $184,700, down from last week's $187,450. There are only three months of inventory available in Magalia, so it's still seller's market, even with the shrinking contracts numbers.
Comments:

$499K  
The number of price cuts in the Magalia market climbed to 23 over the last 30 days, furthering a solid positive trend. Perhaps due to the decreases in list prices, sales increased to 30 homes sold. The current price reductions trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. The median sales price dropped to $187,450, down from last week's $195,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Magalia is a strong seller's market.
Comments:

$2.4M  
The Magalia market slowed this week but was still better than normal as sales fell 7.4% to 25 homes sold over the last 30 days. Meanwhile, close-by Chico reported 104 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Magalia, and for this period the median sales price slid from $202,300 to $195,000. There are only three months of inventory available in Magalia, so it's a seller's market, even with the decrease in sales.
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. Magalia is an area where most people own their homes, with an ownership ratio of 69.3%. The top school in the city is Cedarwood Elementary School.
Comments:

$230K  
The Magalia market was healthy this week as sales rose 3.8% to hit 27 homes sold over the last 30 days. At the same time, close-by Chico reported 111 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up in Magalia, with the median for this period rising from $191,000 to $202,300. The rising sales and a low two months of inventory point to Magalia being a definite seller's market.
Comments:

$724K  
The number of sellers reducing prices in the Magalia market trended up to 18 over the last 30 days, extending a three-week streak. During the same period, 24 sales were completed. Prices are rising in Magalia, and the median sales price this period increased from $186,000 to $196,000. Despite the slip in sales, a relatively low three months of inventory indicates that Magalia is a seller's market.
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