Magnolia Texas Real Estate Market Statistics

Oct. 18, 2009 - PRLog -- The Magnolia Texas community reflects the friendliness of a small town yet it is a growing City with nearby access to our big city neighbors of Houston, Conroe and The Woodlands. We are a small community with big hearts and great pride. Quality families are the cornerstone of this inviting City. Family values permeate throughout the community creating a warm and safe place to start a family and raise children of all ages.

The City of Magnolia is located at the junction of farm roads 1774 and 1488, approximately 45 miles northwest of Houston and 25 miles southwest of Conroe. We are approximately 20 miles from both IH45 and US290, two of the Houston’s main highway systems. The City limit population is small, however; the greater Magnolia area spans approximately 12 miles in all directions with an estimated population of more than 65,000.

Throughout the years, the Magnolia has seen many changes, going from a railroad town and agriculture community to a "bedroom community" where residents may work in another City or County but live, pay taxes and spend most of their income in their City. With the planned widening of highways FM 1488 and FM 1774 the Magnolia area will continue to grow with changes, challenges and an ever evolving image.

Magnolia’s Area Chamber of Commerce promotes the community and its businesses by enhancing commerce, tourism and beautification opportunities, and works with the City to anticipate and meet the needs of both established and new businesses.

The main goal of the City is to maintain a small-town atmosphere and to provide quality services to its citizens. The community is firmly grounded in traditional American values and down-home, small town charm. You will find the people of Magnolia to be some of the friendliest folks in Texas. A school district that is among the finest in the state, high-quality churches of all denominations as well as a very manageable cost of living are just a few qualities that make Magnolia a great place to live, work and visit.

Magnolia Real Estate Market

The average listing price for homes and real estate listings in Magnolia Texas in the last year was $349,202

Average price per square foot for Magnolia TX was $43, a decrease of 21.8% compared to the same period last year. The median sales price for homes in Magnolia TX for Jul 09 to Sep 09 was $106,232 based on 4 home sales. Compared to the same period one year ago, the median home sales price decreased 3.2%, or $3,508, and the number of home sales decreased 55.6%.

There are currently 1,219 resale and new homes in Magnolia on Trulia, including 110 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Magnolia TX was $349,209 for the week ending Oct 07, which represents a decrease of 1.1%, or $3,840, compared to the prior week.

Find information on buying or selling your next home in Magnolia TX on the www.priscillasellsmagnolia.com real estate website. Let an expert Magnolia and North Houston Texas Realtor® help you through out the real estate buying or selling process. This is a great area to live in. Whether you already know which area you are interested in, or are looking for some suggestions, contact us today and we can discuss any question you might have about Magnolia TX or any of the surrounding cities!

Phone: 281-746-7700
Email: priscilla.ferguson@gmail.com
Web: http://www.PriscillaSellsMagnolia.com

Today, the official population of the City of Magnolia is 1,111 as of the 2000 U. S. Census. However; the 2006 U. S. Census report reflects population estimate trends at 1,263. The City of Magnolia is a General Law Type A government and operates under the Mayor-Council form of government. The City Council is the governing body and has the power to make and enforce all laws and policy related to municipal affairs.

Priscilla Ferguson is a licensed real estate agent in the Magnolia Texas area and knows the market very well. If you are looking to buy or sell a home, land, lots or investment real estate contact Priscilla at 281-746-7700

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Priscilla Ferguson is a licensed real estate agent in the Magnolia Texas area and knows the market well. If you are looking to buy or sell a home, land, lots or investment real estate contact Priscilla at 281-746-7700