Volume drop in January masks strong upward trend in real estate prices

FALLBROOK – Sales activity in the Fallbrook and Bonsall real estate markets started the year with an increase in prices, despite persisting soft volume, Jerry Kalman, a Realtor® with HomeSmart Real Estate has reported.

The average Fallbrook and Bonsall selling price of $589,000 per home in January represented an eight percent increase over December and an outstanding 25 percent rise over January, 2014. It also represented a four percent increase to $220 per average square foot. As 2015 opened, closed transactions declined 35 percent from January, 2014. Last month, a small number of the homes s...