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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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$365,000 Pending

27811 Cliff Top Court
Menifee, CA 92585

4 beds, 3 baths | Single Family Home
2,070 sq ft; lot: 8276 sq ft - MLS# SW18196642
Property Photo
1/28

Description

Motivated Seller!!!! Huge Price Reduction!!!! Awesome large lot with RV Parking located on a Cul-de-Sac!!! This well cared for home features 4 full bedrooms (one downstairs) 3 full bathrooms (also one down stairs), Beautiful large fireplace in family room, has formal living and dining area, Kitchen offers bay window seating for a table knook, plenty of cabinet space! Downstairs guest/full bathroom is remodeled with new cabinetry, fixtures, and granite counter tops! Master bedroom is spacious with vaulted ceilings and connected to an awesome bathroom with walk in closet! Three car garage with 220 installed in garage. Don't miss this home!!! LOW TAX RATE AREA and NO HOA's!!!

Features

  • # of Parking Spaces: 3.00
  • Appliances: Dishwasher, Garbage Disposal, Gas Stove, Microwave
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Double Sinks In Master Bath
  • Baths: 3
  • Bedrooms: 4
  • Community Features: Curbs, Gutters, Sidewalks, Street Lighting
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: From 215fwy-Newport Rd (East)Left on Antelope, Right on Cantebury, Right on Hub, Left on Cannon, R
  • Electric: 220V In Garage
  • Fireplace: Family Room, Yes
  • Flooring: Carpet, Laminate, Tile
  • Full Baths: 3
  • Garage: Yes
  • Garage Spaces: 3.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • High School: Herita
  • Inclusions: all personal property is negotiable
  • Interior Features: Cathedral-Vaulted Ceilings, Ceiling Fan
  • Laundry Features: Gas Dryer Hookup, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01409504
  • Listing Office License: 01884123
  • Listing Status: Pending
  • Lot Features: Lot 6500-9999, Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 0.1900
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Major Change Type: Pending
  • MLS: CRM
  • Parking Features: Direct Garage Access, Driveway, Garage, RV Access/Parking
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered, Porch - Front
  • Patio YN: Yes
  • Property Type: Single Family Home
  • Road Surface Type: Paved
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom, See Remarks, Separate Family Room, Walk-In Closet
  • School District: Perris Union High
  • Sewer: Public Sewer
  • Special Conditions Details: Third Party Approval
  • Sprinklers: Yes
  • Sq.Ft.: 2070
  • Stories: Two
  • Stories Total: 2
  • Style: Contemporary
  • Sub Type: Single Family Residence
  • Total Baths: 3
  • Water Source: Public
  • Year Built: 1991
  • Year Built Source: Assessor
  • Zip Code: 92585
  • Zoning: R-1
  • View: Hills, Yes

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