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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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$198,000 Pending

27230 Wentworth Drive
Sun City, CA 92586

2 beds, 2 baths | Single Family Home
1,200 sq ft; lot: 8276 sq ft - MLS# SW18188805
Property Photo
1/12

Description

BACK ON MARKET AS OF 11/16/18 Lovely senior home features 2 bedrooms 2 bathrooms and 2 car garage. Large extended raised lanai with cozy fireplace for extra added square footage. Home has fresh new paint inside and out new carpet new blank flooring and 2 year old air conditioner. Separate work shop in garage and fruit trees in back yard. Association has many activities with 2 large swimming pools, spa, banquet room, lawn bowling, table tennis, wood shop, ceramics, and lots of others activities. Close to shopping centers, hospitals medical clinics and freeways. Property taxes are very low and association is around $38.

Features

  • # of Parking Spaces: 2.00
  • Area: 227 - Menifee
  • Association Amenities: Pool, Club House
  • Association Fee: 38.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Baths: 2
  • Bedrooms: 2
  • Common Walls: 1 Common Wall
  • Community Features: Curbs
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Cross street Bradley
  • Fireplace: See Remarks, Yes
  • Flooring: Carpet, Laminate
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central Furnace
  • Heating YN: Yes
  • Kitchen Features: Tile Counters
  • Laundry Features: In Garage
  • Laundry YN: Yes
  • Listing Agent License: 01278666
  • Listing Office License: 01884123
  • Listing Status: Pending
  • Lot Features: Back Yard, Front Yard
  • Lot Size: 0.1900
  • Lot Size Area: 8276.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: Pending
  • MLS: CRM
  • Parking Spaces: 2.00
  • Pool: Association,Community Pool,In Ground
  • Pool or Spa: Association,Community Pool,In Ground
  • Property Attached YN: Yes
  • Property Type: Single Family Home
  • Room Type: All Bedrooms Down
  • School District: Perris Union High
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Sq.Ft.: 1200
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 1964
  • Year Built Source: Assessor
  • Zip Code: 92586
  • Zoning: R-1
  • View: Mountain, Yes

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