NORTH SAN DIEGO COUNTY REAL ESTATE MARKET ENDS 2009
ON POSITIVE NOTES, SAYS KALMAN
FALLBROOK, Calif., Jan 6, 2010 --- North San Diego County real estate ended 2009 on several positive notes that point toward continued improvement in the new year for this important segment of the area economy, Jerry Kalman, a Realtor® with The Jacques Company, reported today.
"Average December selling prices in Fallbrook/Bonsall at $396,720 were eight percent better than December 2008; transaction volume exceeded year-ago levels by 50 percent," he said.
Kalman noted that the single family residential inventory entering 2010 decreased to 221 listings as sellers and realtors removed properties from the market or let them expire during the holiday period, bringing average asking prices of homes down ten percent to $737,000, or $232 per square foot.He expected many to come back on the market in the first quarter of the year.Overall, the number of properties in escrow dropped to 82, further reflecting the usual holiday slowdown.The average asking price of those in escrow entering 2010 rose to $393,000, or $163 per square foot.#
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