Average home prices up in North San Diego County markets as mid-range activity increases

FALLBROOK – Real estate sales activity in North San Diego County continued at a high level in May as an increase in mid-level buyers bumped average prices up by four percent, Jerry Kalman, a Realtor® with HomeSmart Legends, reported June 3.

Conventional transactions, as opposed to cash or VA/FHA, once again accounted for the preponderance of activity here. In May, 30 percent of the homes in Fallbrook and Bonsall sold at or above the original asking price, with many of them among those conventional transactions.

For the first time this year, homes that sold using VA/FHA contracts slipped below...