Weekly Magalia Real Estate Market Update

The Magalia real estate market has been moving at a slow pace. Last week there were 2 properties that went under agreement and only 1 listing that closed escrow. The Magalia sellers however are hoping to pick up the pace as 22 sellers lowered the price on the real estate properties they have on the real estate market. That represents about 18% of the single family homes for sale. So with low interest rates and Magali sellers ready to negotiate, it is time for Magalia area buyers to start looking!