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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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$349,000 For Sale

29141 Calle Potro
Murrieta, CA 92563

3 beds, 2 full, 1 partial baths | Manufactured Home
2,515 sq ft; lot: 9148 sq ft - MLS# SW18140231
Property Photo

Description

This beautiful 3 bedroom 21/2 bathroom home has been updated, and is filled with natural light. Located in Golf Knolls HOA, which is a 55+ community. No space rent here, because you own the land! This open, inviting home has an updated kitchen, flooring, and paint. The kitchen has a double convection oven, granite counter tops, and new appliances. There is a large walk in pantry and a small kitchen island. There are multiple dining options to fit your needs. Several built in cabinets throughout the home, add to the charm and beauty. The master bathroom has dual sinks, shower, and tub. The back yard has a small garden area as well some fruit trees and is completely fenced. Relax on the large covered patio, which is great for entertaining. Wonderful Murrieta location, close to conveniences and just minutes to the 215 & 15 freeways. This double lot has so many benefits, and includes a large garage with extra storage, workshop space, and ample parking. The HOA has a pool, spa, and other delightful amenities as well as community activities.

Features

  • # of Parking Spaces: 5.00
  • Appliances: Convection Oven, Double Oven, Electric Oven, Garbage Disposal, Gas Range, Gas Water Heater, Microwav
  • Appliances YN: Yes
  • Area: 208 - Murrieta-East
  • Association Amenities: Pool, Spa, Club House, Trash, Pet Rules
  • Association Fee: 180.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Bathroom Features: Shower in Tub, Closet in bathroom, Double Sinks In Master Bath, Exhaust fan(s), Privacy toilet door,
  • Baths: 3
  • Bedrooms: 3
  • Community Features: Street Lighting
  • Cooling: Central, Dual
  • Cooling YN: Yes
  • Country: US
  • Directions: Use the east entrance (Via Princessa) to enter off of Murrieta Hot Springs Rd
  • Eating Area: Dining Room
  • Fence YN: Yes
  • Fencing: Block, Good Condition, Vinyl
  • Flooring: Carpet, Vinyl
  • Full Baths: 2
  • Garage: Yes
  • Garage Spaces: 2.00
  • Half Baths: 1
  • Heating: Central Furnace
  • Heating YN: Yes
  • Interior Features: Built-Ins, Ceiling Fan, Granite Counters, High Ceilings (9 Feet+), Open Floor Plan, Pantry, Tile Cou
  • Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open to Family Room, Pots & Pan Drawers,
  • Laundry Features: Area, Gas Dryer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 00478829
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Back Yard, Front Yard, Garden, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front,
  • Lot Size: 0.2100
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Major Change Type: New Listing
  • MLS: CRM
  • Number Remotes: 2
  • Parking Features: Direct Garage Access, Driveway - Concrete
  • Parking Spaces: 5.00
  • Parking YN: Yes
  • Patio And Porch Features: Porch - Rear
  • Patio YN: Yes
  • Pool: Association,Fenced
  • Pool or Spa: Association,Fenced
  • Property Type: Manufactured Home
  • Road Surface Type: Paved
  • Roof: Composition
  • Room Type: All Bedrooms Down, Entry, Exercise Room, Family Room, Kitchen, Laundry, Office, Separate Family Room
  • School District: Murrieta
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Senior Community: Yes
  • Serial U: 12631ABC
  • Spa Features: Association
  • Spa YN: Yes
  • Sprinklers: Yes
  • Sq.Ft.: 2515
  • Stories: One
  • Stories Total: 1
  • Style: Traditional
  • Sub Type: Manufactured On Land
  • Total Baths: 3
  • Uncovered Spaces: 3.00
  • Utilities: Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public
  • Window Features: Double Pane Windows, Screens, Stained Glass
  • Year Built: 1998
  • Year Built Source: Assessor
  • Zip Code: 92563

Courtesy of:

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