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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

 

 

 

 

 

 

 

 

 

 

 

 

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$389,000 New For Sale

22727 Valley Vista Circle
Wildomar, CA 92595

4 beds, 3 baths | Single Family Home
2,245 sq ft; lot: 7405 sq ft - MLS# SW18140434
Property Photo
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Description

*** NEW LISTING JUST IN TIME FOR SUMMER *** BEAUTIFUL IN GROUND POOL *** IN THE PRIVACY OF YOUR OWN BACKYARD *** FOUR FULL BEDROOMS *** THREE FULL BATH ROOMS *** LARGE OPEN KITCHEN *** FORMAL DINNING ROOM AND LIVING ROOM *** SEPARATE FAMILY ROOM, OVER LOOKING POOL *** THIS FLOOR PLAN HAS ONE BEDROOM DOWN STAIRS. HOME NEEDS SOME TLC, DON'T WAIT THIS ONE WONT LAST... LOW TAXES NO HOA.

Features

  • Appliances: Dishwasher, Gas Oven, Gas Stove
  • Appliances YN: Yes
  • Bathroom Features: Shower in Tub, Double sinks in bath(s), Double Sinks In Master Bath, Exhaust fan(s)
  • Community Features: Sidewalks
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Located off Bundy Canyon between 15 & 215 freeway
  • Fireplace: Family Room, Yes
  • Flooring: Carpet, Tile
  • Garage: Yes
  • Garage Spaces: 3.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Laundry Features: Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01244198
  • Listing Office License: 01884123
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Spaces: 3.00
  • Pool: Private,In Ground, Yes
  • Property Condition: Repairs Cosmetic
  • Room Type: Family Room, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom
  • School District: Lake Elsinore Unified
  • Stories: Two
  • Stories Total: 2
  • Total Baths: 3
  • Water Source: Public
  • Year Built Source: Assessor
  • Zoning: R-1
  • Sub Type: Single Family Residence
  • Year Built: 1991
  • View: Hills,Pool, Yes

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