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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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$350,000 For Sale

29670 Squaw Valley Drive
Menifee, CA 92586

3 beds, 2 full, 1 partial baths | Single Family Home
1,570 sq ft; lot: 7405 sq ft - MLS# SW18160481
Property Photo
1/21

Description

Gorgeous 3 bedroom, 2 1/2 bathroom home in desirable City of Menifee. This property offers 1570 sq ft of living space, a 2 car attached garage and generous, hard to find **RV parking**. Your family and loved ones will enjoy gathering in the spacious back yard with a large covered patio, above ground spa and fire pit. Tiled entryway with newer carpet throughout. Enjoy preparing meals in the beautifully upgraded kitchen with granite countertops, and stainless steel appliances. Fantastic school district~ And you will get more bang for your buck in this ultra low tax area (1.105%) and no HOA!

Features

  • # of Parking Spaces: 2.00
  • Appliances: Dishwasher, Garbage Disposal, Gas Range, Microwave
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Bathroom Features: Shower in Tub, Granite Counters
  • Baths: 3
  • Bedrooms: 3
  • Co-Listing Agent License: 01314447
  • Co-Listing Office License: 01884123
  • Community Features: Sidewalks, Suburban
  • Construction Materials: Stucco
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Direction Faces: West
  • Directions: Murrieta Rd. to Lazy Creek to Squaw Valley
  • Elementary School: Evaran
  • Fireplace: Family Room,Gas,Fire Pit, Yes
  • Flooring: Carpet, Tile
  • Foundation Details: Slab
  • Full Baths: 2
  • Garage: Yes
  • Garage Spaces: 2.00
  • Half Baths: 1
  • Heating: Central Furnace, Natural Gas, Fireplace
  • Heating YN: Yes
  • High School: Palval
  • Inclusions: above ground spa with no warranty
  • Interior Features: Ceiling Fan, Granite Counters, Recessed Lighting
  • Kitchen Features: Granite Counters
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01371609
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Back Yard, Front Yard, Lawn, Misting System
  • Lot Size: 0.1700
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Major Change Type: New Listing
  • Middle School: Menval
  • MLS: CRM
  • Other Structures: Shed(s)
  • Parking Features: Direct Garage Access, Driveway - Concrete, Garage, Garage Door Opener, RV Access/Parking, RV Gated
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Concrete, Covered, Patio
  • Patio YN: Yes
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Roof: Composition
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
  • School District: Perris Union High
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Spa Features: Private, Above Ground
  • Spa YN: Yes
  • Sq.Ft.: 1570
  • Stories: Two
  • Stories Total: 2
  • Sub Type: Single Family Residence
  • Total Baths: 3
  • Utilities: Sewer Connected
  • Water Source: Public
  • Year Built: 1989
  • Year Built Source: Assessor
  • Zip Code: 92586
  • Zoning: R-1
  • View: Neighborhood, Yes

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