Real estate prices, volume drift down in August

FALLBROOK – Real estate activity in the Fallbrook/Bonsall market reflected a typical trend toward a seasonal downward drift as prices and volume decreased in August. A reduced number of properties entering escrow foretells of more slowing in activity over the coming months, Jerry Kalman, a Realtor® with HomeSmart Legends reported Sept. 16.

The average Fallbrook and Bonsall selling price of $532,000 per home reflected a slight two percent bump above August 2014 levels; however, there was a six percent decline in average selling price from July of 2015.

Volume was 34 percent better than August o...