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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
$749,000 For Sale

32572 Galleano Avenue
Winchester, CA 92596

4 beds, 2 full, 1 partial baths | Single Family Home
3,051 sq ft; lot:2.15 acres - MLS# SW18006738
Property Photo
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Description

Great location close to Temecula Wine County, Lakes, and located within the Temecula school district. Elegant crown molding delightfully adds to the charm of this spacious 4 bedroom 3 bathroom home, which has a large 4 car garage, attached by a breezeway. The large open kitchen has granite countertops, double oven and counter space seating. The light filled nook next to the kitchen is a great place to relax and enjoy your morning coffee/breakfast. The floor plan is open, inviting, and livable. One bedroom opens into the second full bathroom, that is also accessed from the hallway. The master bedroom offers ample space, walk in closet, large walk in shower, expansive granite counter top with double sinks, along with a separate tub area. The 2+ acre property is fully fenced, and has apricots, pluots, citrus, apples, peaches, nectarines, plums along with other varieties. Large garden area for those who enjoy growing their own food! This usable parcel has WELL, DISTRICT WATER, and a water storage tank for your landscape needs. There is a large open space where you can build a second unit, pool, barn, or ? RV and boat parking! This home is located in the beautiful area of French Valley, with conveniences close by.

Features

  • # of Parking Spaces: 4.00
  • 3/4 Baths: 1
  • Area: 219 - Winchester-South
  • Baths: 3
  • Bedrooms: 4
  • Community Features: Rural
  • Construction Materials: Concrete, Drywall Walls, Stucco
  • Cooling: Central, Yes
  • Country: US
  • Directions: Make 2nd right onto Maddalena which is off of Shrimp Lane. Take first right onto Galleano and the ho
  • Exterior Features: Satellite Dish
  • Fireplace: Family Room, Yes
  • Full Baths: 2
  • Garage Spaces: 4.00
  • Heating: Central Furnace, Yes
  • Interior Features: Ceiling Fan, Granite Counters, High Ceilings (9 Feet+), Open Floor Plan, Pantry, Tile Counters, Wire
  • Laundry: Yes
  • Laundry Features: Individual Room, Propane Dryer Hookup
  • Listing Agent License: 00478829
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Garden, Sprinkler System, Sprinklers Drip System, Sprinklers
  • Lot Size: 2.1500
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Major Change Type: Back On Market
  • MLS: CRM
  • Parking: Yes
  • Parking Features: Circular Driveway, Driveway - Concrete, Driveway Level, Garage - Rear Entry, Garage Door Opener
  • Parking Spaces: 4.00
  • Patio: Yes
  • Patio And Porch Features: Covered, Slab
  • Property Type: Single Family Home
  • Road Surface Type: Unpaved
  • Room Type: All Bedrooms Down, Entry, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroo
  • School District: Temecula Unified
  • Security Features: Carbon Monoxide Detector(s), Security System, Smoke Detector
  • Sewer: Conventional Septic
  • Sprinklers: Yes
  • Sq.Ft.: 3051
  • Stories: One
  • Stories Total: 1
  • Style: Custom Built
  • Sub Type: Single Family Residence
  • Total Baths: 3
  • Water Source: Private, Public, Well
  • Window Features: Double Pane Windows, Drapes/Curtains
  • Year Built: 2000
  • Year Built Source: Assessor
  • Zip Code: 92596
  • Zoning: R-T-R-2 1/2
  • View: Hills, Yes

Courtesy of:

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