$599K  
Magalia is a larger than average city in California with a population of 11,310 residents. Also, it has an average density with 807.0 people per square mile. With an ownership ratio of 69.3%, most people in Magalia are homeowners. Topping the list of best schools in the city is Cedarwood Elementary School.
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$149K  
The Magalia market closed in on its 12-month sales average this week as sales climbed 11.1% to reach 20 homes sold over the last 30 days. To put it in perspective, close-by Chico registered 57 homes sold in the same time frame, the most of all surrounding cities. The median sales price continued to fall, trending downwards for eight weeks to reach $116,750. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Magalia is a definite seller's market.
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$145K  
A three-week rough patch for the overall sales trend continues in the Magalia market. On a positive note, the number of sales actually rose 28.6% over the last 30 days to hit 18. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $128,250 over the latest reporting period for Magalia, down from $132,750. The rising sales and a low three months of inventory point to Magalia being a seller's market.
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$229K  
In this week's report, the number of homes sold in the Magalia market slid to 14 over the past 30 days, a decrease of 6.7% from last week's report. Within the same time frame, Chico had 46 sales, the most of all cities in the area. The median sales price in Magalia climbed to $132,750 while months of inventory shot up to four.
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$749K  
The Magalia market remained sluggish with 15 homes sold in the last 30 days, a 6.2% sales drop. Meanwhile, close-by Chico reported 57 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 $153,500 to $131,000. With only three months of inventory to sell, Magalia is a seller's market, in spite of the dip in sales.
Comments:

$145K  
The Magalia market might be slowing in the coming weeks. Sales fell this week to 16 homes sold over the last 30 days, and there is a budding downward trend in the number of new listings, with 12 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As new listings trended lower, the median sales price continued to fall for the homes that have sold, trending downwards for four weeks to reach $153,500. Despite the falling prices, a relatively low three months of inventory indicates that Magalia is still a seller's market.
Comments:

$599K  
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. Homes in Magalia are relatively old with a median age of 29 years. The top school in the city is Cedarwood Elementary School.
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$160K  
Home sales in the Magalia market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 28.6% to 20 homes sold over the last 30 days. In comparison, nearby Chico had 76 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $167,450 over the latest reporting period for Magalia, up from $156,000. There are only two months of inventory available in Magalia, so it's a definite seller's market, even with the decrease in sales.
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$160K  
The number of home sales in the Magalia market rose 7.7% to 28 homes over the last 30 days. Within the same time frame, Chico had 96 sales, the most of all cities in the area. The median sales price of all transactions in Magalia did not budge this week, remaining at $156,000. With only two months of inventory and rising sales, Magalia is a strong seller's market.
Comments:

$599K  
Over the last 30 days, a confirmed downward trend of new sellers coming into the Magalia market continued, with 14 listings in this week's report. Meanwhile, sales fell, with 26 homes selling during the same period. Potential buyers should note that prices went up in Magalia, with the median for this period rising from $155,000 to $156,000. There are only two months of inventory available in Magalia, so it's a solid seller's market, even with the decrease in sales.
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