Fallbrook and Bonsall summer selling season ends with moderating real estate activity

FALLBROOK/BONSALL – Real estate activity here continued its second half tapering paced by a steady volume of available homes along with a dip in prices, Jerry Kalman, realtor® with HomeSmart Realty West, said Sept. 5.

During August, positive real estate activity in Fallbrook and Bonsall was concentrated among entry-level and mid-market homes as some buyers rushed to lock in rising mortgage rates.

In August, selling prices averaged $874,000, 9% below July but 4% higher than August 2021. Selling volume at 65 properties was slightly more than the prior month but one third less than in August...