Magalia, CA

Although the Magalia real estate market did have 12 new listings and 11 price reductions last week, we are finally starting to see it come to life again. There were 8 properties that went under agreement and 2 that closed escrow. This was a significant increase in activity over previous weeks. The majority of the activity took place on homes under $250,000 as well as manufactured homes. There is still very little activity on land and properties over $450,000. The interest rates remained low, experiencing virtually no change, going from 5.68 to 5.67 for the 30 year fixed rate.

It was a very slow real estate week in Magalia. The most activity we saw was a number of properties leaving the market due to their listing expiration. There was a total of 5 new listings, 1 listing that went under contract, and 2 listings that were sold. Another 3 listings experienced price reductions. Despite the low activity levels, mortgage rates continue to remain at near record lows with for sale inventory staying high. Therefore the opportunities for Magalia area buyers are still fantastic and prevalent. If you have questions about how to enter the mortgage market or Magalia homeownership, please just give me a call.

Meandering thru the tall ponderosa pines of the POA village in Magalia, California is "Paradise Pines". The original community once thought of a retirement community has proven itself to be a lure to many families with children. Visit the Paradise Pines POA site for information regarding the local history of the POA.




The heartbeat of this community is the POA Village. The facility hosts many POA activities including the volenteer firefighters annual crabfeed and friday night happy hour. Besides having a pool, tennis courts and a playground for the kids. Schedules are posted of the many classes which are available at the village. In addition a greenbelt trails map is available online or at the POA village. Treat yourself to an exciting walk.

The Paradise Pines Property Owner's Association "Nugget" news is mailed monthly to all owners and subscribers. When you buy a home in Paradise Pines your a member of the Paradise Pines Property Onwers Association.

Drop by and see the lovely grounds or take a class.

14211 Wycliff Way, Magalia,CA 95954
TEL. 530-873-1114, Fax 530-873-5266

Why living on Coutolenc is so awesome. From the skyway in Paradise to the first red light before the Magalia Dam is Coutolenc road which meanders thru heavily wooded areas and along side of the Feather River Canyon.





This scenic drive up Coutolenc offers some canyon vistas unbelieveable views of across the canyon and includes waterfalls which of course increase as our last snowfall melts. The shades greens on the many variety of trees which call the Fether River Canyon home include ponderosa pines, cedars, oaks, valley oaks, madrone and of course manzanita and plenty of it.

Come to visit Magalia California. Home to the most beautiful scenic views.

Wow! Another drop in the 30 year fixed rate in Magalia. It has been lowered to 5.48 this past week from 5.69. This is obviously great news for buyers; especially first time buyers who do not have a Magalia property to sell before buying a new one. Unfortunately, the amount of closings in Magalia is not quite as exciting. There were only 2 homes that were sold last week in Magalia. There were 11 new listings and 4 homes that went under agreement. Price reductions continue to be prevalent week after week, with a total of 11 price reductions occurring last week. The percentage of real estate properties under contract compared to total listings in is slowly starting to get better. We are now seeing that 10% of all listings in Magalia are now under contract, compared to 9% or lower in recent previous weeks.