The crazy statistic is that there are currently 132 single family homes on the market ranging from $319,950 to several homes over 1 million dollars.
For comparison...last year during the same period...there were 55 single family home sales ranging from $327,000 to a few homes again selling for over a million. The average sales price was $668,362 with the average listing price being $674,029. Average days on market was 42 during that period.
The statistics for this neighborhood are pretty typical to the regional statistics. Good and bad news with these...it's really a good time to buy as it is still a overall a very good market...and you have lots to choose from with negotiating room. People needing or wanting to sell right now are the ones who should have more concerns about these statistics. As a home-buyer...it really is a great time to be looking!
I hope that helps at least focus your energies on the market and what you are looking at. Make sure to discuss your needs and wants with your realtor so that you buy the home that suits your needs yet also becomes a good long term investment. Happy house hunting!
The search I ran was specifically on the Magnolia community. While Trulia is a great resource with many great forums and a wealth of information...obviously not near all the listings show up on it. Realtors have to input the listings on their own and update it as well. It is a nice place to begin a search from though. Obviously I am a fan as I use it myself in my business.
If you want more statistics or have more questions about things available feel free to drop me an email or just ask...it's pretty simple for me to pull statistics like that off.
Hope that answers your question! Let me know if I can be more help.