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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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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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Open House Sunday Jul 22, 12pm–4pm
$499,999 For Sale

43082 Barnhill Road
Hemet, CA 92544

5 beds, 3 full, 2 partial baths | Single Family Home
3,170 sq ft; lot: 0.96 acres - MLS# SW18098160
Property Photo
1/19

Description

Beautiful Custom Hacienda home located on a Culdesac. 5 bed 4.25 bath Single Story Home with Mountain Views! Entertainers Dream! Enter through a wrought iron gate, by an inviting fountain and custom tile flooring. Remodeled kitchen has dual stainless steel ovens, Built in Wine Cooler, Granite counter tops & Marble flooring. Secondary kitchen is located in the garage for lg gatherings or holiday occasions. Inside there is a formal living room, formal dining room & open kitchen that leads into the family room. The master suite has his & hers walk in closets. The master bath has separate sink areas and a vanity. Dual shower heads and sunken Jacuzzi tub. Pool and spa in backyard oasis with outside shower. Seller replaced 2 NEW A/C 2 years ago. Home has 31 Solar panels electric bill averages $2 a month. Solar will be paid off in full by seller. 3 car garage with Rv access! LOW PROPERTY TAX. This house does not disappoint!

Open House

  • Sunday Jul 22, 12pm–4pm

Features

  • # of Parking Spaces: 3.00
  • 3/4 Baths: 1
  • Area: 223 - Hemet/San Jacinto
  • Baths: 4
  • Bedrooms: 5
  • Community Features: Sidewalks
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Stetson to Mayberry to Pleasant to Barnhill
  • Fireplace: Family Room,Fire Pit, Yes
  • Full Baths: 3
  • Garage: Yes
  • Garage Spaces: 3.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Laundry Features: Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01278666
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 0.9600
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 5
  • Major Change Type: Price Change
  • MLS: CRM
  • Parking Spaces: 3.00
  • Pool: Private,In Ground, Yes
  • Pool or Spa: Private,In Ground, Yes
  • Property Type: Single Family Home
  • Room Type: All Bedrooms Down, Den, Entry, Family Room, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom,
  • School District: Hemet Unified
  • Sewer: Septic Type Unknown
  • Sq.Ft.: 3170
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Total Baths: 4
  • Water Source: Public
  • Year Built: 1985
  • Year Built Source: Assessor
  • Zip Code: 92544
  • Zoning: A-1-1
  • View: Mountain, Yes

Courtesy of:

Equal Housing OpportunityMLS membershipREALTOR® certification

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