Real estate market softens in June

FALLBROOK – Home prices in the Fallbrook/Bonsall area market softened in June despite an increase of those placed in escrow, Jerry Kalman, a Realtor® with HomeSmart Real Estate, reported.

Comparing June real estate activity in Bonsall and Fallbrook with prior periods, the average selling price of $505,000 was five percent lower than May and barely three percent better than June 2013. Sales volume was off 44 percent from June of the prior year and 33 percent lower than May 2014. In June of the current year, 18 percent of the homes sold at or above the original asking price. The sellin...