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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.

 

Thinking of Buying a Home?

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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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Sold

311 Potrero Street
San Jacinto, CA 92582

2 beds, 2 baths | Manufactured Home
1,440 sq ft; lot: 6534 sq ft - MLS# SW18064058
Property Photo

Sold

Sold on Jul 12, 2018

Description

Location! Location! Nice Manufactured Home located in a senior community with low taxes and low HOA. The Home Offers 3 Full bedrooms and 2 full bathrooms! Corner lot,covered patio. RV Access and a large yard. This is a desirable open floor plan. Low Maintenance. Convenient access to Ramona expressway and just minutes away to I215.Don't wait and Call for a private showing.

Features

  • Area: 223 - Hemet/San Jacinto
  • Association Amenities: Dues Paid Annually
  • Association Fee: 35.00
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Baths: 2
  • Bedrooms: 2
  • Co-Selling Agent License: 01010336
  • Common Walls: End Unit, No Common Walls
  • Community Features: Rural
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Ramona Blvd
  • Full Baths: 2
  • Heating: Central Furnace
  • Heating YN: Yes
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01503180
  • Listing Office License: 01884123
  • Listing Status: Closed
  • Lot Features: Corner Lot
  • Lot Size: 0.1500
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: Closed
  • MLS: CRM
  • Number Of Units In Community: 1
  • Property Type: Manufactured Home
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom
  • School District: San Jacinto Unified
  • Selling Agent: Salvador Salinas
  • Selling Agent License: 01912363
  • Selling Office: Century 21 Care
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Sold Date: 2018-07-12 00:00:00
  • Sold Price: 130000.00
  • Sq.Ft.: 1440
  • Stories: One
  • Stories Total: 1
  • Sub Type: Manufactured On Land
  • Total Baths: 2
  • Water Source: Public
  • Year Built: 1979
  • Year Built Source: Assessor
  • Zip Code: 92582
  • Zoning: RT
  • View: Mountain,Neighborhood, Yes

Courtesy of:

Equal Housing OpportunityMLS membershipREALTOR® certification

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