Area Market Survey - Land in Fallbrook and Bonsall - as of July 31, 2007

    Land Sold in Last Six Months
  Land for Sale Still in Escrow Escrows Closed
  Number of Parcels Avg Days on Market Number of Parcels Avg Days on Market Number of Parcels Avg Days on Market
Up to $249,999 12 169 1 180 2 229
$250,000 to 299,999 9 319 4 118 3 327
$300,000 to 399,999 22 125 3 138 6 116
$400,000 to 499,999 25 164 1 739 2 47
$500,000 to 599,999 17 149 1 113 4 126
$600,000 to 749,999 14 203 0 0 2 177
$750,000 and up 47 254 2 164 0 0
Total Parcels 146   12   19  
Median Price $525,000   $479,000   $360,000  
Highest Price $3,887,000   $899,900   $700,000  
Lowest Price $125,000   $205,000   $76,000  
Average Market Days   199   251   162
Based on the SANDICOR, Inc. Multiple Listing Service for Zip Codes 92003   92028.
Information is deemed reliable, but not guaranteed.

Many people look around our area, and think there must be a huge amount of land for sale - and the land here should be inexpensive because our area seems to be remote.   This is completely wrong.   The fact is that this is a prestige / prime area, and there are no CHEAP properties here !   Also, the area is almost entirely developed and built-out, and most of the "better" properties have already been taken.   Any of the remaining lots (and larger land parcels) that are "good" are actually rather expensive.

Please observe the small number of lots sold in the last six months, and the rather long number of days on market.   Also, recognize that this inventory and activity is everything within about 100 square miles !

Click here to see where the remaining available land is located.

Need more information ?   Just call us, we're the professionals.

 

Fallbrook-Realty.com

Business: (760) 728-3725 or 1-800-395-3725     Fax: (760) 728-9172    

Cellphones: Harry Christiansen   (760) 525-8490   or Ruth Gregory   (760-525-9245)  

Address: 1588 South Mission Road, Suite 215, Fallbrook, CA 92028

Email: info@fallbrook-realty.com