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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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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$369,900 Active Under Contract

26874 Red Bluff Court
Menifee, CA 92584

3 beds, 2 baths | Single Family Home
1,559 sq ft; lot: 6534 sq ft - MLS# SW18097384
Property Photo
1/44

Description

*** Beautiful Single Story Home *** Shows like a model *** Nice Open Floor plan *** All New Flooring and Paint *** Kitchen is Open and Upgraded including Stainless Steel Appliances *** Breakfast Bar *** Family Room has cozy fireplace and Media Center *** Indoor separate Laundry Room *** Beautiful easy maintenance yards, completely landscaped *** Large Covered Patio, Great for Entertaining *** Home is located on a private corner lot *** Low Taxes Area *** Low HOA *** Close to Schools, shopping and more...

Features

  • # of Parking Spaces: 2.00
  • Appliances: Dishwasher, Garbage Disposal, Gas Stove, Microwave
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Fee: 34.00
  • Association Fee Frequency: Monthly
  • Bathroom Features: Shower in Tub
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Curbs, Sidewalks
  • Construction Materials: Stucco
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: South of Newport Rd. near Evans
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Electric: 220V In Laundry
  • Fireplace: Family Room, Yes
  • Flooring: Laminate
  • Foundation Details: Slab
  • Full Baths: 2
  • Garage: Yes
  • Garage Spaces: 2.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Interior Features: Ceiling Fan
  • Kitchen Features: Kitchen Open to Family Room
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01244198
  • Listing Office License: 01884123
  • Listing Status: Active Under Contract
  • Lot Features: Back Yard, Corner Lot, Cul-De-Sac, Front Yard
  • Lot Size: 0.1500
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: Active Under Contract
  • MLS: CRM
  • Parking Features: Driveway - Concrete, Garage Door Opener
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered
  • Patio YN: Yes
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Roof: Concrete
  • Room Type: All Bedrooms Down, Den, Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom
  • School District: Menifee Union
  • Sq.Ft.: 1559
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Total Baths: 2
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Blinds
  • Year Built: 2002
  • Year Built Source: Assessor
  • Zip Code: 92584
  • Zoning: R-2
  • View: Hills, Yes

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