November home prices continue strong showing in local real estate market

FALLBROOK – New escrows, a leading indicator of real estate activity, showed surprising strength in November in Fallbrook and Bonsall, Jerry Kalman, a Realtor® with HomeSmart Legends reported last week.

During November, 57 homes came off the market, bringing the total of those in escrow to 99, which helped reduce the inventory of active homes to 258.

The average Fallbrook and Bonsall selling price of $537,000 per home reflected a two percent rise over October and a two percent increase in the average selling price over November 2014. Volume in the two communities was slightly better than in 20...