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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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$675,000 For Sale

5645 Rainbow Heights Road
Fallbrook, CA 92028

3 beds, 3 baths | Single Family Home
2,942 sq ft; lot: 0.79 acres - MLS# SW18117967
Property Photo
1/31

Description

Welcome Home to 5645 Rainbow Heights Rd., featuring four fireplaces, nine sets of french doors, and wrap-around decks on two levels, this beauty is an entertainer's dream! Main living area is on upper level, while lower level has it's own bed/bath, living room and wood-burning stove and private entrance. Perfect for guests, in-laws or next gen family! Keep your utility bills low with owned solar (no lease to be transferred or assumed). Solar is a 26 panel, 7.670 Kw system, with 11,066 kwh output annually, SDGE bills have often been $0. Landscape features beautiful stone pathways, fruit and palm trees. Property is accessed from a paved private road, with gated entries from both sides of property, and room for your RV! LOW Tax Rate! Stunning custom home with priceless views! Don't forget to check out the virtual tour!

Features

  • # of Parking Spaces: 3.00
  • Accessibility: 2+ Access Exits
  • Appliances: Garbage Disposal, Propane Stove, Propane Water Heater
  • Appliances YN: Yes
  • Area: 283 - North San Diego County
  • Bathroom Features: Bathtub, Shower, Double sinks in bath(s), Double Sinks In Master Bath
  • Baths: 3
  • Bedrooms: 3
  • Community Features: Valley
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Rainbow Valley Blvd, east to Rice Cyn, to Rainbow Heights
  • Eating Area: Family Kitchen, Dining Room, In Kitchen
  • Electric: 220V In Garage, Photovoltaics Seller Owned
  • Entry Location: Entry from both levels
  • Fireplace: Dining Room,Family Room,Living Room,Master Bedroom,Wood,Free Standing, Yes
  • Flooring: Tile, Wood
  • Full Baths: 3
  • Garage: Yes
  • Garage Spaces: 3.00
  • Green Energy Generation: Solar
  • Green Water Conservation: Reclamation
  • Heating: Central Furnace
  • Heating YN: Yes
  • Inclusions: refrigerator in kitchen
  • Interior Features: Cathedral-Vaulted Ceilings, Ceiling Fan, Living Room Deck Attached, Wet Bar
  • Laundry Features: Individual Room, Laundry Chute
  • Laundry YN: Yes
  • Listing Agent License: 01371609
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Lot 20000-39999 Sqft, Lot Shape-Irregular, Paved, Up Slope from Street
  • Lot Size: 0.7900
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: Price Change
  • MLS: CRM
  • Other Structures: Out Building
  • Parking Features: Direct Garage Access, Driveway - Concrete, Garage, RV Access/Parking, RV Potential
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered, Deck, Stone, Terrace, Wood, Wrap Around
  • Patio YN: Yes
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Road Surface Type: Paved
  • Roof: Tile
  • Room Type: Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathro
  • School District: Fallbrook Union
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Aerobic Septic
  • Sq.Ft.: 2942
  • Stories: Two
  • Stories Total: 2
  • Sub Type: Single Family Residence
  • Total Baths: 3
  • Utilities: Propane, Water Connected
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built: 1994
  • Year Built Source: Assessor
  • Zip Code: 92028
  • Zoning: R1
  • View: Panoramic,Valley, Yes

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