North San Diego county real estate shows surprising strength in October

FALLBROOK – Home prices showed surprising strength in Fallbrook and Bonsall despite heavy discounting among high-end properties, Jerry Kalman, a Realtor with HomeSmart Legends, said.

Average selling prices for properties in these two communities at $626,000 were 4 percent better than in October 2016 and 3 percent above September 2017. Average time on the market for homes that sold declined 41 percent to 61 days in October 2017.

“VA/FHA transactions, a mainstay of activity in earlier months, dropped to one-fourth of those sales, while cash buyers in Fallbrook and Bonsall held at 16 percent of t...