April real estate activity in North County dominated by entry-level buyers

FALLBROOK – Real estate sales in North San Diego County continued a high-volume trend in April, paced by sales of entry-level homes, Jerry Kalman, a Realtor® with HomeSmart Legends reported.

In April, one third of the homes in Fallbrook and Bonsall sold at or above the original asking price, with many of them VA or FHA transactions. Overall, 35 percent of the homes that sold were under VA/FHA contracts.

Another 16 percent of the 86 transactions sold for cash, reflecting the longer-term trend of investors giving way to more traditional buyers.

Average April selling price in the two communities...