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The President/CEO and team of professionals at Diamond Real Estate Group have collectively sold thousands of homes. 

Years of experience, training and continuing education keeps our team on top of the market and up-to-date on local and national real estate trends.  Dedicated, award-winning agents at your service!

Diamond Real Estate Group, Inc.

951.672-6711

www.dreginc.com

The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern.

Home sales are up. All-cash and investor purchases are down. And home prices are rising at a more sustainable pace than in the last few years.

Economists said those factors put the regional housing market on a path for growth that won't wash away in a tsunami of foreclosures and ruined credit scores.

“The healing continues,” said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate

Notably, it appears more families are entering the market as the economy improves. Although still elevated in comparison to long-term averages, the share of absentee buyers — mostly investors — slid to 21.1%, the lowest percentage since April 2010, CoreLogic said.

“This is the real recovery,” Christopher Thornberg, founding partner of Beacon Economics, said of a market where increasingly buyers actually want to live in the houses they purchase. “The last was the investor recovery.”

Sustained job growth has given more people the confidence to buy houses, CoreLogic analyst Andrew LePage said.

The housing market improvement extends nationally, with sales of previously owned homes up in May to the highest pace in nearly six years, partly because more first-time buyers entered the market, according to data from the National Assn. of Realtors.

One factor driving deals is an expected decision from the Federal Reserve to raise its short-term interest rate later this year, real estate agents say.

In response, families rushed to lock in historically low rates this spring, agents say. CoreLogic's sales figures represent closed deals, meaning most went into escrow during May.

For now, deals are on the rise and people are paying more.

Sales and prices climbed in all six Southland counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura.

The sales increase, the largest in nearly three years, put the number of sales just 9.6% below average, CoreLogic said. A year ago, sales were nearly 24% below average.

Make no mistake.  The time is now.

 

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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

Back to Featured Listings
$2,500,000 For Sale

41300 Berkswell Lane
Temecula, CA 92592

7 beds, 7 full, 1 partial baths | Single Family Home
8,860 sq ft, 5.12 acre lot - MLS# SW16128127
Property Photo
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Description

Beautiful 5 acre estate home, situated in the heart of Temecula Wine country offering unbelievable views. Downstairs bedrooms have private patios and all upstairs bedrooms offer balconies. This home is perfect for entertaining, large kitchen also has a back up cater service kitchen. Home is currently being used as a vacation rental with much success. The possibilities here are endless!

Features

  • Acres: 5.1200
  • Directions: Cross Streets: Rancho Cal
  • Interior Features: Bar, Built-Ins, Balcony, Cathedral-Vaulted Ceilings, Ceiling Fan, Crown Moldings, Granite Counters,
  • Kitchen Features: Kitchen Island, Kitchen Open to Family Room
  • Room Type: Bonus Room, Den, Dressing Area, Entry, Family Room, Formal Entry, Great Room, Loft, Living Room, Mas
  • Stories: Two
  • Sub Type: Single Family Residence
  • Zip Code: 92592
  • Property Type: Single Family Home
  • Parking Spaces: 5.00
  • Parking Features: Circular Driveway, Garage - Side Entry
  • Parking: Yes
  • MLS: MR
  • Major Change Type: Price Change
  • Lot Size Units: Square Feet
  • School District: Temecula Unified
  • Year Built Source: Assessor
  • Year Built: 2008
  • Water Source: Public
  • Total Baths: 8
  • Sq.Ft.: 8860
  • Sewer: Conventional Septic
  • Lot Size Source: Assessor
  • Cooling: Central, Yes
  • Community Features: Rural
  • Bedrooms: 7
  • Baths (partial): 1
  • Baths (full): 7
  • Area: 216 - Temecula-Wine Country
  • Appliances: Built In Range, Garbage Disposal, Gas Oven, Gas Range, Microwave, Yes
  • Country: US
  • Fireplace: Bonus Room,Master Bedroom, Yes
  • Lot Features: Lot Over 40000 Sqft
  • Listing Status: Active
  • Heating: Central Furnace, Forced Air, Yes
  • Garage Spaces: 5.00
  • Garage: Yes
  • # of Parking Spaces: 5.00
  • View: Hills,Panoramic, Yes

Courtesy of:

Equal Housing OpportunityMLS membershipREALTOR® certification