Magalia Weekly Real Estate Update

If slow and steady wins the race, then the Magalia real estate market will be ok.

We have just come off another week of slower activity but it is very consistent with the activity level we have seen in weeks past. There were 15 new listings that hit the Magalia real estate market with another 12 listings experience price reductions. During this same time period there were 3 properties that went under agreement and another 2 properties that closed escrow. Consequently the available Magalia real estate inventory continues to build! So buyers, go ahead and take advantage of the 5.88% average on the 30 year fixed rate mortgages and take the plunge into Magalia homeownership today. Currently there are 245 real estate listings in Magalia with 132 of them being single family homes, 64 of them being manufactured homes, and 49 being land.

Call today for a more detailed market report.