Prices, volume decline in January real estate market

FALLBROOK – January real estate activity slackened in Fallbrook and Bonsall as prices and volume declined from December levels, Jerry Kalman, a Realtor® with HomeSmart Legends, reported.

The average Fallbrook and Bonsall selling price of $496,000 per home reflected a 14 percent decline from January of 2015 and a seven percent decline from a relatively stronger December 2015.

Sales volume in the two zip codes was 14 percent better than in the prior January, but a big 38 percent drop from December.

Entering February, 220 homes were in the active inventory spanning Fallbrook and Bonsall, a slight...